BMI: No Trump Effect on Mining Investments
The government of US president-elect Donald Trump will have no significant impact on foreign investments into Iran’s mining sector, as any reinstatement of sanctions will, if at all, pose minimal additional hurdles to entrepreneurs, according to analysts.
In a note on Monday, BMI researchers say they rather see other factors, such as domestic operational challenges and low mineral prices, preventing investors from tapping into Iran’s vast mineral wealth, Mining.com reported.
As soon as Iran reentered the global economy early last year, the government opened up $29 billion worth of mining projects to foreign investors, roughly equal to the oil and gas investments up for grabs.
Since then, Tehran has approved $2 billion worth of foreign direct investment for 29 industrial and mining projects. And just last week, it announced plans to kick off 10 new mining-related ventures by the end of September.
The projects include a rare earth elements production unit, a phosphoric acid plant, a lead-zinc concentrate mill and the second phase of Zarshouran gold processing plant.
BMI analysts do warn that Trump’s antagonist rhetoric against Iran may cause a return to instability in the region and in the country itself over the next few years, posing downside risks to the development of its rising mining sector.
They also note that poor infrastructure, bureaucracy, a complex legal system and low mineral prices are the most likely challenges companies are expected to face there.
According to official figures, Iran stands to make an estimated $700 billion off its vast deposits of minerals such as copper, iron ore, zinc, lead and heavy rare earth elements.
Currently, the nation has more than 3,000 active mines, mostly privately owned.
source: Financial Tribune
Top News
Five last month
Two last year
US Energy Dept finalizes $2.26bn loan for Lithium Americas’ Nevada mine
Abandoned copper mines embraced as fast track to boost output
Glencore posts lower metals output for first nine months, reiterates outlook
Mercuria eyes equity in African assets, new metals boss says
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Traders see gold as a surefire bet as coin-toss election looms
Gold price surge adds glitter to tarnished miners
Environmentalists sue over US approval of ioneer’s Nevada lithium mine
Gold price shows little reaction to jobs data
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
Liberty Gold advances Black Pine project permitting
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years