Domestic Economy

Iran, Turkey Endeavor to Walk the Mineral Talk

Iran-Turkey Chamber of Commerce has formed a joint commission in collaboration with Iran Mine House and Iran-Turkey Studies Center to attract Turkish investments and encourage cooperation in the mining sector
Iran, Turkey Endeavor to Walk the Mineral TalkIran, Turkey Endeavor to Walk the Mineral Talk

Iran-Turkey Mineral Cooperation Commission has been formed for introducing Iran’s mineral reserves and products to the Turkish side and explore third party countries they can jointly target.
“Mining is a highly capital-intensive sector. Therefore, the norm is for different companies to form joint ventures, wherein each business shoulders part of the responsibility and expenses. We in Iran need investments for exploration and processing of minerals. The bulk of our mineral products are sold as raw materials," Jalal Ebrahimi, the head of the commission, told Financial Tribune.
"On the other hand, the neighboring Turkey is in need of minerals such as iron ore, coal, pellets, concentrates, copper, zinc, molybdenum, chromite and fluorine, to name a few, for its metal industries. The two countries can complement each other and create value-added manifold through mineral cooperation.”


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment