An Asian delegation including representatives of companies from the Philippines, Indonesia, and China have expressed their willingness to invest in Iran’s mining sector, IRNA reported. The delegation, which is said to be planning to make a $400-million investment in mining projects, is scheduled to visit development projects in Persian Gulf special zones as well as an equipment project for Parvadeh coal mine in the central Yazd province, according to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
“Iran, as a mineral-rich country, provides a suitable ground for investment in mine development projects for iron ore, coal, coke, nickel, and aluminum”, said Jose de Venecia, the head of the delegation.
The IMIDRO – a major state-owned holding company active in the mining sector with scores of subsidiaries in steel, aluminum, copper, cement and mineral exploitation fields – has attracted numerous investors so far. According to the organization, sooner or later the anti-Iran sanctions will be lifted and foreign investments from America and Europe will pour in.
