79266
The meeting’s primary aim was to find legal and effective ways to overcome the plethora of limitations in the way of economic and industrial cooperation with foreign companies in the mining sector.
The meeting’s primary aim was to find legal and effective ways to overcome the plethora of limitations in the way of economic and industrial cooperation with foreign companies in the mining sector.

Iran, Australia Discuss Cooperation in Mining Sector

Iran, Australia Discuss Cooperation in Mining Sector

In a meeting between officials from Mines and Metals Development Investment Company and those from Australia this week, the two sides expressed interest in expanding mining and exploration cooperation.
The meeting was attended by Managing Director of MMDIC Azizollah Asari and Australia’s Ambassador to Iran Ian Biggs, who was accompanied by members of Australian Trade and Investment Commission (Austrade), including Gerard Seeber, Austrade’s senior trade commissioner for the Middle East and North Africa.
MMDIC’s subsidiaries, including Golgohar Mining & Industrial Company, Chadormalu Mining & Industrial Company, Arfa Iron & Steel Company, Gohar Zamin Iron Ore Company and Sabanour Mining and Industrial Development Company, introduced their companies’ capabilities to the Australian side and pointed to potential avenues of cooperation.
“[MMDIC’s] capabilities and potentials, as well as developments achieved by the holding’s subsidiaries in the mining industry far exceeded our initial expectations,” the Australian envoy said.
Austrade is the Australian government’s trade, investment and education promotion agency.
The meeting’s primary aim, according to Asari, was finding legal and effective ways of overcoming the plethora of limitations in the way of economic and industrial cooperation with foreign companies in the mining sector.
According to MMDIC’s website, the local mining and metals group established in 1997 is focused on exploring, mining, processing and marketing commodities such as iron ore, pellet, copper, steel, coal and electricity. The holding is a stakeholder in a number of Iran’s largest producers.
“MMDIC’s priorities include obtaining new technologies, empowering workforce, attracting foreign investment, procuring advanced machinery and using latest advancements in mineral exploration,” Asari said.
The official called on the Australian side to share their expertise in mining exploration with the holding and utilize it in the new 1,200-square-kilometer zinc-rich mineral zone recently discovered by Sabanour in Kerman Province’s Ravak County.
Further explorations in the zone are meant to help MMDIC expand its product portfolio, he added.
“Exploring this zone can prove highly lucrative, considering the depleting zinc reserves worldwide,” the official said.
Asari described the meeting as highly positive and added that a high-ranking Australian mining delegation is expected to visit Iran soon.

Short URL : https://goo.gl/azBAQc
  1. https://goo.gl/WHggAk
  • https://goo.gl/2WyPyw
  • https://goo.gl/HgoZFN
  • https://goo.gl/GBQ6xq
  • https://goo.gl/4K6PZi

You can also read ...

Tehran Stocks Make Record Gains to Stand at All-Time Highs
Bulls are on parade in Tehran's equity market, and they are...
Aside from European countries, 70-75% of other countries are using EASA standards and regulations.
Plans are underway to update and implement new rules and...
People walk by the Paris branch of Bank Saderat Iran.
Bank Saderat Iran, which boasts the most expansive overseas...
Venture Capital Funds Essential to Startup Growth
Praising venture capital funds, Iran's Vice President for...
Freak Plunge in Nintendo's Stock
Nintendo has been red hot for the past few years, but...
Gold Coin Bullish Despite Massive Supply
Despite several schemes by the Central Bank of Iran to satisfy...
Tech Titans Trying to Kill Calif. Privacy Initiative
As data-sharing scandals continue to mount, a new proposal in...
Iran’s Share in Global Sheepskin Exports at 5%
Iran has a share of 5% in global sheepskin exports and a 1%...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus