Not one, but two important developments this week from a nation that’s quickly becoming one of the most interesting spots in global natural resources.
Most investors are aware of Iran’s significant potential for oil and gas. Which this week came front-stage when the government finalized dates for a long-awaited bid round on fields across the country.
Karbasian added that the government is now moving ahead with further negotiations on mining projects. With a slate of such meetings expected as part of a mining summit to be held in Tehran in July.
These discussions look to be serious — with officials saying they are targeting national copper concentrate production of 2 million tonnes per year by 2025. A figure that would represent a ten-fold increase from the 200,000 tonnes per year that Iran currently produces.
All of which suggests that we’re going to see a lot of new deals here, in a wide range of commodities. Watch for news on bidders in the oil and gas round later this summer, and potential transactions in the mining space coming out the summit in July.