NewsBauxiteAustralian companies keen to invest in Iran’s mining projects
19 AUGUST 2015www.tehrantimes.com

Australian companies keen to invest in Iran’s mining projects

Edited by : AL CIRCLE
2 min read
Australian companies keen to invest in Iran’s mining projects
Australian companies are eager to make investment in Iran’s mining projects, according to Gerard Seeber, the senior trade commissioner for the Middle East and North Africa (MENA) region in the Australian Trade Commission (Austrade).

The commissioner of Austrade, which is the Australian Government’s trade, investment, tourism, and education promotion agency, made the statement in a meeting with Mehdi Karbasian, the board of directors’ chairman of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), in Tehran on August 17, the IRNA news agency reported on Tuesday.

Seeber said Australia is aware of potentialities and advantages that exist in Iran’s mining sector; adding that his country is seeking to bolster ties with Iran in this field.

For his part, Karbasian said Australian companies can contribute to implementation of iron ore, copper, bauxite and gold mining projects in Iran.

Australia exported over $155.6 million worth of products to Iran in the past Iranian calendar year, which ended on March 20.

The International Organizing Committee of the World Mining Congress has ranked Iran as the 8th country in the world in terms of mineral production. The organization has put the country’s total mineral production, including metal and non-metal products, precious stones, as well as oil and gas, at $162 billion in 2013.

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