21000
China to Invest in Semnan Mining Sector
Economy, Business And Markets

China to Invest in Semnan Mining Sector

A Chinese financing company has agreed to invest in Semnan Province’s mining sector, Mehr News Agency quoted the head of Industries, Mining and Trade Organization of the northern province, Behrouz Asvadi, as saying.
He said Beijing Huafu Engineering Company has agreed to invest in setting up processing facilities to minimize sales and export of unprocessed minerals.
According to the official, Semnan is the biggest producer of raw material for cement in the country and has the third biggest coal and coke reserves in Iran.
Asvadi added that considering the huge reserves of lime in Semnan, foreign investors can be attracted for production of sodium sulfate, which is among the main raw materials used to produce glass.
Beijing Huafu Engineering Company has so far successfully implemented two major petrochemical projects in the country worth €52 billion.

Short URL : http://goo.gl/nC5NA5

You can also read ...

US Looking East After Fining Europe Over Iran Business
The US effort to put Iran in a financial bind meant European...
Proses has offered to explore a possible SISP at the world class Mehdiabad zinc (lead and silver) project in Iran where it has a role in development planning.
British mining and mineral processing technology company...
Depending on Iran’s progress in completing its action plan, FATF will take further steps in June 2018.
The Financial Action Task Force has recognized measures taken...
Iran’s Corruption Perceptions Index Improves
Iran’s score based on the Corruption Perceptions Index...
Home Security Startup Taps Face-Recognition Tech
A team of engineers that worked on self-driving cars and...
Crimean Ports Under Sanctions Looking for Way Out to Iran
Crimea’s ports, which are not operating at full capacity due...
SpaceX successfully deployed a satellite into low Earth orbit for the Spanish government.
SpaceX took a critical step Thursday toward making one of Elon...
Qazvin-Rasht Railroad to Come on Stream in 3 Months
The railroad to connect the two Iranian cities of Qazvin and...

Trending

Googleplus