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Glencore delegation ‎due to Iran to study cooperation fields

19 November 2017 16:14 (UTC+04:00)
Glencore delegation ‎due to Iran to study cooperation fields

By Trend

A delegation from European commodities trading giant, Glencore, will visit Iran in the coming weeks to study grounds for mutual cooperation in the mining sector, Mehdi Karbasian, president of state-owned IMIDRO (Iranian Mines and Mining Industries Development and Renovation Organization), said.

The delegation from Glencore ‎will pay a visit to Angouran Lead and Zinc Complex, Iran’s largest zinc and lead reserves, Karbasian said, the press office of the IMIDRO reported.‎

Glencore is an Anglo–Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland. As of 2015, it ranked tenth in the Fortune Global 500 list of the world's largest companies. It is the world's third-largest family business.

Glencore already has business agreements to help develop Iran's copper industry.

Karbasian said that the European company is scheduled to offer a study plan for Angouran development.

Located in Iran’s Zanjan province, Angouran mine is home to the country’s largest zinc and lead reserves with a zinc concentration of 26 percent and a lead concentration of 6 percent.

Iran seeks to increase its lead and zinc production by implementing plans formulated by the IMIDRO.

Since 2006, more than 1.95 million tons of minerals have been extracted from Angouran reserves, including low-purity ore, carbonate-hosted lead-zinc ores and mineralized schist.

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