Dy Minister: Italian companies to participate in Iranˈs mine sector

Tehran, Feb 28, IRNA – Deputy Minister of Industry, Mine and Trade said that Iran welcomes launching new projects in mine sector and mining industry with foreign participation, especially Italian firms.

Mehdi Karbasian, in a meeting with Chirman of Italian company FATA Ignazio Moncada, said Iran is interested in implementation of new plans in different fields of mine and mining industry such as aluminum, steel, copper and other metals and non-metal industries and would welcome presence of European companies, especially Italian firms in this field.

Head of Iranian Mines and Mining Industries Development and Innovation Organization (IMIDRO) added that implementation of new steel projects up to 10 million tons in areas of Hormuzgan, Parsian and Chabahar as well as creation of capacity for 600 thousand tons of aluminum are among priorities of IMIDRO.

Karbasian stressed that IMIDRO intend to finish incomplete plans and launch new projects in mine and mining industry in participation with foreigners.

According to the IMIDRO Public Relations Office, Karbasian said that construction operation for building a power plant with the capacity of 735 megawatts electricity has began in Bandar Abbas.

He added that considering development plans, investment for construction of a one thousand megawatts power plant in Bandar Abbas and with the same capacity in Parsian area is needed.

He expressed hope that considering good relations between Iran and Italy in the past 35 years, a new chapter of joint cooperation open in bilateral ties and new projects in Iran be carried out by the Italian companies.

In the meeting, in addition to the FATAˈs chairman, members of the board of directors of the company were present, too.

Moncada, by expressing interest to set up aluminum and power plant plans in Iran, said working groups can be created in this concern to prepare possibility for cooperation by holding necessary negotiations.

Trade exchange between Iran and Italy was 6.67 billion euros in year 2010 and Italy was the biggest trade partner of Iran in that year.

Total of Iran and European Union trade exchanges in year 2010 was around 24.5 billion euros.

Iran exported goods to Italy worth around 4.67 billion euros in year 2010 and imported around 2 billion euros from Italy.



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