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Private sector’s key role in operating mines in Iran

Business Materials 11 May 2016 18:21 (UTC +04:00)

Baku, Azerbaijan, May 11

By Khalid Kazimov - Trend:

Private sector operates 95 percent of gold, copper, lead and zinc mines in Iran, an Iranian official said.

Head of Iran's Mines House Mohammad Reza Bahraman has said that economic reforms in Iran led to increase the role of private sector in operating mines, IRNA news agency reported.

He called on foreigners to invest in the country's mining sector suggesting that foreign investment will give a boost to the sector.

According to the official Iran has 68 minerals with an estimated volume of 57 billion tons. There are over 4,500 active mining sites in the country.

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