European bank ready for long-term mining co-op with Iran
Baku, Azerbaijan, Nov. 14
By Fatih Karimov – Trend:
German-French BHF bank has expressed willingness for long-term cooperation with Iran in mining industry.
There are various opportunities for mutual cooperation, Hans-Guenter Wiesenack, managing director at BHF bank said in a meeting with Mehdi Karbasian, the head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) in Tehran, the official website of the IMIDRO reported Nov. 14.
He further said that the bank plans to develop financial ties with Iran.
Wiesenack added that the insurance agencies of France and Germany including Coface and Hermes also can be attracted to the issue to contribute for development of financial cooperation.
He also requested the Iranian side to provide the details of Iran’s mining sector’s development projects to resume the mutual cooperation.
Karbasian, for his turn, said that Iran has defined $30 billion worth of projects in mining and mineral industries such as steel, copper, aluminium and gold, adding that Tehran is ready to attract investment and financial resources in this sector.
BHF delegation arrived in Tehran on Nov. 13 to negotiate monetary and financial ties as well as making direct investments in Iran’s mining sector.
BHF-Bank is a private German bank owned by Oddo & Cie. It was one of the leading German investment banks in the 1970s and 1980s and held a top position in the foreign exchange market. The bank has an international presence, with branches in Luxembourg, Switzerland, the UAE, Egypt and Vietnam.