India, China,Russia Keen on Mining Projects

30 November 2005 | 01:53 Code : 6554 Geoscience events
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India, China and Russia have declared their willingness to invest in Iran’s coal and iron ...
 India, China and Russia have declared their willingness to invest in Iran’s coal and iron ore projects, said the secretary of Iran Mine House.
   According to the Persian daily Iran, Gholamreza Hamidi Anaraki, told reporters that India is particularly interested in mining projects, adding that the Iranian side has put forward several projects in the southern port city of Bandar Abbas for consideration by Indian companies.
   India dispatched a strong 170-member delegation to the recent World Mining Congress in Tehran, he noted adding that the Indians are more interested in investing in mining machineries.
   Mohammad Reza Bahrami, who chairs the house, also told reporters that Iran is rich in minerals and will have to invest a lot more in the mining sector.
   He put the Iran’s mineral reserves at 54 billion tons, adding that joint ventures with foreign firms will help bring modern technologies to the national mining industry.
   Iran exported 942,000 tons of various minerals, worth $116 million in the March-July period showing a 46.1 and 9.8 percent increase in terms of value and weight respectively compared to the figures for the same period the previous year.
   Decorative stones, zinc concentrate, molybdenum and chromite, ferrochrome, cement, tile, ceramic, pipe, sanitary fittings, mirror and glass and construction materials were among the main export items in this category.
   In the mineral sector, molybdenum ore and concentrate with a 274.1 percent increase and chromite ore and concentrate with a 59.7 percent decrease registered the highest and lowest rates in the value of exports respectively.

tags: QAZVIN


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