Iran keen to invest in Kazakhstan mines

TEHRAN (ISNA)- Head of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) Mehdi Karbasian said Iran and Kazakhstan can work on extraction, exploration and processing bauxite mines in the Middle Eastern country.

“Considering Iran-Kazakhstan friendly relations, IMIDRO is interested in cooperation with the country on mining and industry, including exploration, supplying raw materials, aluminum industry, establishing gold bullion-building firms and expanding industries of steel and other rare earth elements,” he said in a meeting with the visiting Kazakh delegation here in Tehran.

He further added, “Considering lack of bauxite mines in Iran, IMIDRO is seeking aluminum industry development plan to 1.5 million tons and producing alumina powder. We can make investment in Kazakh bauxite mines through a joint Iran-Kazakh firm.”

Kazakh Deputy Minister of Industry and New Technologies Beibit Atamkulov, for his part, said his country is interested in the further expansion of cooperation on industry, mine and trade with Iran, and said, “The country (Kazakhstan) has worked actively on mine. It is interested in working with Iran on exploration, extraction and processing mineral material, including copper, steel, aluminum, gold and titanium.”

He also said Kazakh Prime Minister Serik Akhmetov will visit Iran soon.

By ISNA

 

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