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Iran Seeks Investment In Armenian Cooper Mines

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  • Iran Seeks Investment In Armenian Cooper Mines

    IRAN SEEKS INVESTMENT IN ARMENIAN COOPER MINES

    Iranian Students News Agency ISNA
    June 22 2009
    Iran

    TEHRAN (ISNA)-Iran's Copper Industries Company Deputy for Planning
    and Development Ahmad Faridi said Iran is in talks with Armenia for
    investment in copper mines in the country.

    Northern Armenia owns discovered 450 million tones of copper reserves
    and it is likely to have additional 650 million tones of the mineral
    material, he said in an interview with Iranian Students News Agency
    (ISNA).

    During negotiations Armenia agreed to provide Iran with copper
    concentrate from its southern mines by the end of 2011, Faridi said.

    Yerevan has welcomed Tehran's offer for investment and the two sides
    are to make final agreement soon, he said.

    From: Emil Lazarian | Ararat NewsPress
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