The joint venture between the Rio Tinto Company of Britain and Iran’s National Exploratory Services Company on the Sari Gunay

28 February 2012 | 14:05 Code : 6108 Geoscience events
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Kordestan Province Governor General Assadollah Razani has announced that the joint venture between the Rio Tinto Company of Britain and Iran’s ...
Kordestan Province Governor General Assadollah Razani has announced that the joint venture between the Rio Tinto Company of Britain and Iran’s National Exploratory Services Company on the Sari Gunay gold field project in the province’s Qorveh region is legal according to the law of the land, the Iranian Students News Agency (ISNA) reported on Monday. He made the statement in reaction to an article in the Sanandaj weekly magazine Sirvan that said the record of the British company is reminiscent of colonial times.

 Zar Kuh is a joint venture company comprised of the Iranian and British companies. It plans to implement the initial phase of the project (excavation) after obtaining a permit from the Geological Survey of Iran(GSI). However, Zar Kuh’s total of 40,000 meters of drillings has not been up to the organization’s standards, due to the large distances between drilling areas. Thus, another 10,000 meters of exploratory and soil sample drillings have been performed in order to meet IGMEO’s testing and analyses standards. It is estimated that it will take about 2 to 3 months to determine the amount and purity of gold reserves in the region. According to geological experts, if the additional test drillings in the Sari Gunay gold fields are successful, the mining permit would most likely be issued by the end of March 2006. The National Exploratory Services Company owns 30% of the shares of the project and Rio Tinto owns 70%. They will be allowed to exploit the gold fields for a maximum of 25 years

tags: QAZVINMAZANDARAN


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