Iran can well turn into Asia’s top gold mining country given the results of recent geological studies

01 February 2012 | 17:02 Code : 6075 Special News
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According to the public relations of the Geological Survey of Iran, Nasser Abedian said the GSI as well as other related state and ...
Iran can well turn into Asia’s top gold mining country given the results of recent geological studies, said the Deputy for Exploration of the Geological Survey of Iran here on Saturday.

According to the public relations of the Geological Survey of Iran, Nasser Abedian said the GSI as well as other related state and private entities are determined to help develop gold mining.
He said gold, as a strategic product, could best serve to ensure economic and political stability, stressing that huge investments are required in gold exploration projects.
He said, however, that the mining sector lacks the necessary expertise in gold exploration projects.
“We are still at the beginning of the road as far as gold explorations are concerned,“ he said, adding that statistics about Iran’s gold reserves are not reliable.
Iran is one of the world’s richest countries in terms of mineral reserves.
More than 50 major gold mining regions have been identified nationwide.
Some 250 billion rials has been earmarked for 14 gold exploration projects in the Fourth Five-Year Development Plan (2005-2010).
Iran has the potential to produce 23 tons of gold per annum during the Fourth Plan.
An Australian mining company, Rio Tinto Group, has reported a big gold discovery in Iran.
The company’s Iran manager, John Bartram said that the discovery in the western province of Kurdestan could increase Iran’s output of the precious metal five-fold.
Bartram said the discovery could result in the production of four million tons of ore per year for 12 to 18 years.
A joint venture with a British company is also planning long-term presence in gold exploration projects in the northwestern province of Kurdestan. Canadians are also operating in gold mine projects in the western city of Takab, West Azarbaijan province.
An Irish company has invested 500,000 euros in a gold exploration project in the western city of Takestan, Qazvin province.

tags: QAZVIN


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