Karbasian Invited Canadian Mining Companies to Cooperate with Iran’s Mining Sector

According to the report of Public relations of IMIDRO, Mehdi Karbasian in an interview with Radio Canada invited Canadian companies to invest in Iran’s mining sector, now that many of the international sanctions have been lifted as a result of the nuclear agreement.

The Iranian subsoil is best known for its hydrocarbons. But it is also very rich in minerals.

“I think there's an opportunity for Canadian companies and Iran to work together, through investors, subcontractors and partnerships”, he added.

He said that he had several informal meetings with officials from the Rio Tinto mining company and the Ontario engineering firm Hatch.

“We met Rio Tinto twice in Iran and Hatch twice”, Karbasian said.

Meetings with the Canadian mining giant and the Ontario civil engineering company took place between 2015 and 2016, he expressed.

Iran relies heavily on its mining sector, but the years of sanctions have not allowed it to develop to its full potential.

The Iranian mining and metallurgical sector: 3000 active mines; 7% of world mineral reserves; Need $ 64 billion in investment by 2025;

Sectors of activity: coal, iron, copper, lead, zinc, chromium, gypsum, uranium and gold.