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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iran presented its mineral wealth after the lifting of sanctions

    Rocky
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    • Post n°1

    Iran presented its mineral wealth after the lifting of sanctions Empty Iran presented its mineral wealth after the lifting of sanctions

    Post by Rocky Sun 14 Feb 2016, 8:33 am

    [size=30]Iran presented its mineral wealth after the lifting of sanctions[/size]
    14/02/2016 05:16 | 
    Iran presented its mineral wealth after the lifting of sanctions Thumbnail.php?file=____________3__512952803

    Direction Press
     
    Entice Iran's rich mines of zinc, copper, gold and other minerals attention of foreign investors after the lifting of Western sanctions, but the development of the sector will take time and there are problems to be solved.
    Falling metal prices and uncertainty about working with the Tehran government, which controls virtually all the country's mines and means that many of the foreign mining companies will not rush to conclude deals.
    Nevertheless, some of the agreements already concluded and eyeing other foreign companies to the mines and minerals sector in Iran following the abolition of sanctions in the context of the nuclear agreement, which came into force last month.
    Iran, which is trying to boast that it has one of the largest untapped reserves in the world of zinc and other metals attract investors after it got rid of the sanctions under the agreement with the world powers last year.
    The mining company informed the Iranian state-owned mining Aamydro conference in Australia in November that Iran's mining sector needs investments of about $ 20 billion by 2025.
    Said Neil Passmore, CEO of Hannam & Partners in London, "Iran has a distinct metal machining assets universally appreciated by investors but a tiger while ago one of the darkest and worst slowdowns in the mining sector."
    And hurt the decline in commodity prices and foreign mining companies, which paid for the sale of assets and reduce dividends and reduce capital spending to maintain liquidity, but that did not prevent the conclusion of some of the deals with Iran.
    Passmore said. "People began six months ago to 12 months from the lifting of sanctions in the exercise of certain activities and now opened the door, a rush-paced."
    In India, National Aluminium Company Nalco said last month it plans to send a team to Iran to explore the possibility of setting up a smelter at about two billion dollars, while the state-run Kyukl considering building a complex of iron ore pellets there.
    There are other companies from several countries, including Italy, China and South Korea are either concluded deals or looking forward to potential opportunities.
     
    Uncertainty
    But it is the words of Nalco uncertainty among potential investors shows that she also looks forward to the Sultanate of Oman and Qatar as potential sites for the establishment of the aluminum smelter.
    A spokesman for Rio Tinto, the global mining, which was part in the past in the gold project in Iran that the excavation team the company has not been any transactions related to Iran.
    We may be dealing with Iran, which is witnessing a struggle between reformers and conservatives complicated and takes time. Executives complain of foreigners in the energy sector who are hoping to invest in oil and gas field there that Tehran has yet to reveal the terms of the contracts and that they suddenly canceled a conference was scheduled for this month predicted that play through it.
    Analysts say that mining projects may take years, but the abundant and low-cost energy in Iran will make it in the end an important player in the global metals sector.
    There Mehdi Abad project in Iran, where one of the largest zinc deposits in the world and had been scheduled previously that evolution union Resources of Australia with an annual production of 300 thousand tons.
    Iran says it holds 68 types of minerals, including iron ore, coal, gold and copper reserves total 43 billion tons.
    In addition to its expansion as a product, it is also expected that Iran, which has a population of 80 million people support the global demand for minerals, where it is the largest economy due to the global trade after Russia after the disintegration of the Soviet Union.

     

    He said Robin condiment Prime minerals sector research at Societe Generale in London, "with access to more oil revenue, there will be what prevents aspiration to diversify the economy and the export of minerals." jh 


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