The Ministry of Industry, Mining and Trade has approved 158 foreign investment projects valued at about $2.469 billion in the past Iranian calendar year 1399 (ended on March 20), up 189 percent compared to its preceding year.
Head of Mines and Mining Industry Commission of Iran Chamber of Commerce, Industry, Mine and Agriculture (ICCIMA) says the Chinese are interested to have $400b investment in different sectors in Iran and it is expected $80b to be invested in the mining sector.
The ways for boosting trade between Iran and Oman were discussed and reviewed during a webinar which was held by the Iran Chamber of Commerce, Industry, Mining and Agriculture (ICCIMA).
The officials of Iran and Australia held a meeting in Tehran on Saturday to discuss the expansion of mining cooperation between the two countries.
Iran currently has 1,000 promising gold prospects which are soon expected to help the precious metal play a role as significant as that of steel in the country’s mining.
The sector holds a key advantage over the oil industry: It is much harder to sanction the mining industry because of its immense diversity.
IMIDRO plans to complete and open projects worth $2.2 billion in the domestic mining sector by the end of the current Iranian calendar year (March 2021) in cooperation with the private companies.
The Iranian mining sector has seen a significant surge in investment for new projects, a sign the country is intent on taking benefit of its massive mineral reserves.
Multiple supercomputers across Europe have been infected this week with cryptocurrency mining malware.
Iran approved 82 projects worth $854 million in the previous Iranian calendar year, ending March 19, for implementation in domestic industrial, mining and trade sectors with foreign investments.