Economy, Business And Markets

Mineral Projects With Russia

Mineral Projects With RussiaMineral Projects With Russia

The Western sanctions imposed on both Iran and Russia have provided a good opportunity for joint mineral projects, says a representative of the Russian geological holding company, Rosgeo.

Visiting Iran to attend a mine and mining machinery exhibition in the northwestern city of Zanjan, Rosgeo’s commercial manager, Maxim Palishok, said participating in the exhibition helped the company update its knowledge about Iran’s mining sector capacities and activities, IRNA reported.

Referring to Iran and Russia’s experience in implementing mining projects, he said Rosgeo would be willing to participate in joint mineral projects with Iranian mining companies.

Established in 1963, Rosgeo is a Russian state-owned geological holding company that offers a full range of mining exploration services.

Minister of Industry, Mine, and Trade Mohammad-Reza Nematzadeh had recently called for closer cooperation between the two countries in mining exploration operations. The first mineral collaboration between Iran and Russia dates back to the 1960s when the two countries signed an agreement for construction of Iran’s first steel plant in the central city of Isfahan.