Deputy Minister: Iran Ready to Supply Venezuela with Mining Technologies
Iran is ready to cooperate with Venezuela in mining sector, said Mohtashamipour, who is the deputy minister for mining and mineral processing affairs.
Expansion of cooperation in the field of mining is necessary to increase the trade balance between the two countries, he added, addressing a meeting of the Committee on Industry, Mine and Trade of the 9th Meeting of the Joint Commission on Economic Cooperation between Iran and Venezuela.
Iran spearheads mining industries, he said, adding that Venezuela can provide the technologies it needs in this field from Iran.
Iran is self-sufficient in the cement industry, Mohtashamipour said, noting that the equipment and technology of building cement units in Iran are completely Iran-made.
Venezuela can leverage the capabilities of Iranian companies to build and improve its cement production capacity, he stressed.
Iran is one of the top 10 mineral-rich countries across the globe by having 81 different types of minerals. In this regard, the Iranian government has been seriously pursuing several programs for promoting the mining sector as a major contributor to the country’s economic growth.
Iran's proven iron ore reserves are 2.7 billion tons, while the country’s copper reserves are 2.6 billion tons. The country also has 11 million tons of zinc reserves.
The total proven reserves of Iran's mines are estimated at about 60 billion tons, which is expected to reach more than 100 billion tons with the implementation of the Industry, Mining, and Trade Ministry’s exploration programs over 500,000 square kilometers of new mineral zones.
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