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Foreign Mining Firms Prefer Low profile in Iran

Foreign Mining Firms Prefer Low profile in IranForeign Mining Firms Prefer Low profile in Iran

Foreign mining companies still present in Iran are trying to stay under the radar over the fear of falling foul of US sanctions against the Islamic Republic, a senior manager at Iran’s largest mining holding, Iranian Mines and Mining Industries Development and Renovation Organization, said.
“[Foreign] companies staying in Iran have reached out to Iranian mining industry officials and asked not to be named, and they have remained silent,” Amir Sabbagh, IMIDRO’s economic and investment development manager, told the Persian economic daily Donya-e-Eqtesad. “They believe saying anything could cause Americans to react.”

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