Iran hopes to create jobs in its mining sector, following agreement with China

Business Materials 15 February 2021 14:44 (UTC +04:00)
Iran hopes to create jobs in its mining sector, following agreement with China

BAKU, Azerbaijan, Feb.15


The Iran-China 25-year cooperation agreement will create jobs for some 5 million people in Iran's mining sector, a mining sector analyst Keyvan Jafari Tehrani said, Trend reports via ILNA.

"The agreement would create 3 million direct and 2 million indirect jobs for Iranians in the mining sector," said Tehrani.

"The mining and minerals industry is one of the relevant topics in the Iran-China partnership, however the bilateral cooperation isn't limited, and covers a lot more as far as the mining sector is concerned," he said.

"Iran seeks to produce commodities with high value added to be consumed domestically and have value to be traded with China. Although the priority in our cooperation is transferring technology alongside financing projects," he said.

"China is the biggest country in terms of extraction and processing mining material," said the analyst, noting that Iran could benefit from China's experience in this field.

"Iran's trading iron ore and other minerals has attracted interest of small and medium sized private Chinese companies," he added.

The expert ruled out rumors of having Chinese workers transported to Iran and allow them work in the Islamic Republic's mining sector.

"This isn't true. It is possible that high-ranking Chinese experts would be helpful in transferring certain technology to Iran, but the majority of human resources would be local," Tehrani said.