Last month, US President Donald Trump withdrew from the Iran nuclear agreement known as the Joint Comprehensive Plan of Action (JCPOA) which was signed between Iran and the P5+1 — the US, Britain, France, China, Russia and Germany — in 2015.
Mines and mining industry projects valued at over $3.6 billion will be implemented by March 20, 2019, announced an official from Iran's Mines and Mining Industries Development and Renovation Organization (IMIDRO).
Iran's Parliament Speaker Ali Larijani called for accelerated efforts to attract foreign investment and new technologies in the mining sector, noting such a lucrative industry should find export markets as well.
A new lead and zinc mine in northwestern Cuba is on track to start production in October as part of the Caribbean island’s attempt to breathe fresh life into its mining sector, the joint venture Emincar overseeing the project said this week.
Iran plans to attract $50 billion in foreign investment for the mining sector by 2022 within the framework of its Sixth Five-Year Development Pan (2017-22), said deputy minister of industry, mine and trade.
Loans amounting to over $66 billion were allocated to the mining, industry and trade sectors in the year to March 20, 2017, said Minister of Industry, Mines, and Trade Mohammad Reza Nematzadeh on Saturday.
Serbian Energy and Mining Minister Aleksandar Antić in a meeting with Iranian Ambassador to Serbia Hossein Molla Abdollahi in Belgrade voiced his country's willingness to benefit from Iran's technical experiences.
The mining sector needs to borrow $3 billion from the National Development Fund (NDF) of Iran for its development and growth, said chairman of the board of directors of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).