TEHRAN- France’s Fives Group
made an agreement with Iranian Mines and Mining Industries Development
and Renovation Organization (IMIDRO) on making joint venture for the
construction of an anode production plant in Iran, according to the IRNA
news agency
Anode, which is made from calcined petroleum coke (CPC), is used in
the process of extracting aluminum from its oxide, alumina.
The suggestion for making this joint venture was put forward in a
meeting between the FIVES’s director for the Middle East region and
IMIDRO’s Board of Director’s Chairman Mehdi Karbasian on the verge of
the trip of Iranian President Hassan Rouhani to France which is
scheduled for November 16 -18.
The FIVES’s director said Iran’s nuclear deal with the World’s major
powers has provided many opportunities for the foreign companies to
invest in the country; adding that the French firms such as Fives are
seeking to expand cooperation with Iran and make investment in the
country’s mining projects especially in the aluminum sector.
Fives, an industrial engineering Group, designs and supplies machines,
process equipment and production lines for the world’s largest
industrial groups including the aluminum, steel, glass, automotive,
aerospace, logistics, cement and energy sectors.
Located in over 30 countries and with nearly 8,000 employees, Fives is
known for its technological expertise and competence in executing
international projects.
Karbasian, who is also the Iranian deputy industry, mining, and trade
minister, said in October that there is a high demand for foreign
investment in Iran’s mining projects, so that many multinational
companies have put in their investment requests.
In May, the official said that companies from Germany, Spain, Denmark,
Belgium, England, France, Switzerland, Canada, South Korea, India,
Kazakhstan, Oman, and Kuwait have so far requested for making investment
in the Iranian mining projects.