Tehran to Host Int’l Exhibition on Mining Investment

The annual event is one of the largest of its kind in mines and mining industries in the Middles East, which presents the latest technologies and equipment, services, machineries for mines and mining industries in exploration, excavation, processing, production and export, IRNA report.

It also aims to introduce investment opportunities in Iran for mining companies worldwide.

Minex is organized by the Ministry of Industries, Mining and Trade, in cooperation with Iranian Mines and Mining Industries Development and Renovation Organization, and Geological Survey & Mineral Explorations of Iran.

The event is sponsored by Iran Stone Association, Foundry Association of Iran, Iranian Tunneling Association, Iron and Steel Society of Iran, Iranian Geophysical Society, Molybdenum Producers and Exporters Association, Iranian Metallurgy Engineers Association, Iran Ferroalloys Association, Association of Iranian Heavy Machinery for Construction, Mining and Roads, and Iranian Producers & Exporters of Mineral Products Association.

Some 200 domestic and 55 foreign companies from 15 countries are expected to attend this year’s event.

Iran is home to 68 types of minerals with more than 37 billion tons of proven reserves and 57 billion tons of potential reserves.

According to the United States Geological Survey, Iran holds the world’s largest zinc, ninth largest copper, 10th largest iron ore, fifth largest gypsum and barite and 10th largest uranium reserves.

Overall, Iran is home to more than 7% of global mineral reserves.