Economy, Business And Markets

Iran Mining Confab Scheduled

Iran Mining Confab ScheduledIran Mining Confab Scheduled

Iran’s Mines and Mining Industries Development and Renovation Organization is looking to build on last year’s successful conference with a second event. 

Last year’s conference in Tehran drew a reported 1,670 delegates from 21 countries, the London-based Minig Journal reported.

The December 10-11 follow-up meeting will feature keynote speakers, including Iran’s Minister of Economic Affairs and Finance Ali Tayyebnia, the country’s Industries, Mining and Trade Minister Mohammad Reza Nematzadeh, Governor of the Central Bank of Iran Valiollah Seif and mining company chiefs from Canada, the UK and Australia.

Iran’s mining laws, industry-building initiatives and government strategy for mining, infrastructure and investment incentives will all be discussed by local and visiting officials.

IMIDRO President Mehdi Karbasian said Iran offers foreign companies investor-friendly laws and regulations, abundant mineral and energy resourses, a young, educated and experienced workforce, and a relatively untouched market of over 80 million, access to international waterways, low-cost labor, a developed infrastructure of roads, railroads, ports, power supply and telecommunications network.

Mining entities accounted for about 25% of Tehran Stock Exchange’s venture value worth some $30 billion.

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