ISSN 2330-717X

Russia, Iran To Develop World’s Largest Zinc Deposit

By

Russia and Iran have agreed to jointly develop the world’s largest zink-lead deposit in central Iran, Russian business daily Kommersant said on Tuesday.

“The sides agreed to implement a project on the construction of an ore mining and processing enterprise at the Mehdiabad zinc-lead deposit,” the paper cited a protocol signed at a meeting of the Russia-Iranian commission on trade and economic cooperation on September 11.

Russia’s Rostekhnologii corporation and Iranian Bank Saderat Iran will run the Mehdiabad project with estimated investment of $1.2 billion.

The deposit’s total reserves are estimated at 394 metric tons of ore with an average grade of 4.2% zinc and 1.6% lead.

The implementation of the project could be hampered by the fact that the Iranian bank is subject to UN international sanctions against Tehran, the Kommersant said.

Ria Novosti

RIA Novosti was Russia's leading news agency in terms of multimedia technologies, website audience reach and quoting by the Russian media.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.