Economy, Business And Markets

100 Foreign Firms at Mining Exhibition

100 Foreign Firms at Mining Exhibition
100 Foreign Firms at Mining Exhibition

The MINEX 2014 in Tehran simultaneously hosts the 3rd annual exhibition of mines and mining industries, the 3rd conference on investment opportunities in the sector, and the 5th    conference on mining engineering.

The three-day event, which kicked off today (Tuesday) at Imam Khomeini Mosalla in central Tehran, has the official support of the ministry of industry, mine, and trade as well as the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), Foolad News reported.

The MINEX showcases the latest equipment and technologies, domestic productions, and related services. It also introduces investment opportunities in the country’s mining sector.

Some 100 foreign companies are taking part in this year’s MINEX from countries such as Russia, China, Germany, France, the UK, Turkey, India, Kazakhstan, Spain, South Korea, and Iraq.

The event, being held at a venue as big as 14,000 square meters, is a perfect opportunity for foreign investors in the light of removal or easing of sanctions imposed on Iran during the past few years over Tehran’s nuclear energy program.

Since last November, when Iran and the five permanent members of the United Nations Security Council plus Germany, known as the P5+1, reached an interim nuclear deal in the Swiss city of Geneva, many foreign energy and industrial companies have attended such events in Iran. Based on the interim deal, the world powers agreed to suspend some sanctions and to impose no new nuclear-related bans in return for Tehran’s decision to freeze parts of its nuclear activities.