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Iran Seeks Mining Investment


In the past two months, Iran has signed agreements with South Korea, Austria and Denmark, and is on the way to signing similar accords with other countries, according to the Financial Tribune. The country is seeking $50 billion in investment for its mining industries up to 2022 and has signed agreements with several European and Asian banks in the past few months. Mehdi Karbasian, Iran’s deputy minister of industries, mining and trade, speaking on the sidelines of the IMARC Mining Conference in Melbourne, Australia, said the plan was to attract capital across five years, but declined to say how much Iran had raised so far.
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