Azerbaijan can invest in Iran’s mining sector: MP

iran mines

Iran says its mining sector stands ready to absorb Azeri investment.

There is enormous potential for Azerbaijan to invest in copper and zinc mines located in Iran’s border provinces, according to SMT, a daily, Azerbaijan’s Trend News Agency quoted Ali Alilu, a member of Parliament’s Industries and Mining Committee, as saying.

He further said the stage is set for Azeri investment in Shabestar mines, [in Iran’s East Azerbaijan Province] Turkey and Russia have already invested in.

Recalling the attention the Iranian government has begun to pay to the mining sector of late, the MP said there are additional opportunities for foreign investment in iron ore reserves in Yazd, Kerman, and Kurdistan provinces and in coal mines in Khorasan Razavi.

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