zinc also continued upward trend to US 71cents pound.
Just read an interesting article relating to investment in the iranian mining industry.
"TEHRAN, Nov. 7--Industries and Mines Minister Alireza Tahmasbi said Iran’s fourth five-year economic development plan (2005-10) contains laws aimed at attracting foreign investments into Iran’s mining industry through enhanced supportive policies and investment guarantees. Tahmasbi was addressing the 20th World Mining Congress that opened here on Monday. Experts, officials and representatives from 45 countries active in the mining sector attended the congress. The minister further said Iran’s unique geo-economic situation as well as abundant energy and human resources have made the country advantageous for foreign investments in the mining industry. Tahmasbi said exploration in different parts of the country have identified 60 types of proven mineral reserves that contain nearly 50 billion tons of mineral deposits, more than 10 billion tons of which are metal reserves and the rest non-metals, including construction and industrial minerals. The mining congress and expo in Tehran will run until November 11 with major discussion themes, including design and planning, mechanization and machinery, resource saving technologies, small-scale mining, economic problems, mine safety and health, waste management, environmental issues, offshore mining, geo-mechanics, new methods and information technology, education, as well as future trends.
UCL Price at posting:
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