Posted in | News | Lead | Silver | Zinc

Russia to Help Iran Develop Huge Zinc, Lead and Silver Deposit

By Joel ScanlonSep 21 2011

Russia is to help Iran develop a zinc deposit. The Mehdiabad zinc and lead deposit is the largest in the world and an agreement has been reached between the two nations to develop the resource. Deposits at the Mehdiabad reserve, near Yazd in central Iran, amount to 394 million tonnes of zinc, lead and silver.

The deal was signed on September 11 as the Russian Energy Minster Sergei Shmatko came for a trade meeting to Iran. The Russian Energy Minister and the Iranian Foreign Minister Ali Akbar Salehi announced together that they would be creating the joint venture between state owned Russian Technologies and Tehran state Bank Saderat.

The bank has been under international sanctions since 2008 when the UN Security Council passed the resolution to tighten sanctions on Tehran for its nuclear activities. Iran has insisted that the bank be part of the development of this project.

The development of the zinc deposit is reported to be worth $1 to $1.2 billion. A Turkey-Seychelles company Kapsad International will also be part of the joint venture. The deal was being seen through by the Deputy Prime Minister Igor Sechin. Russia has warmer relations with Iran despite being part of the six nation group which is asking Tehran to restrict its nuclear development program.

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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APA
Scanlon, Joel. (2019, March 19). Russia to Help Iran Develop Huge Zinc, Lead and Silver Deposit. AZoMining. Retrieved on September 22, 2024 from https://www.azomining.com/News.aspx?newsID=5000.
MLA
Scanlon, Joel. "Russia to Help Iran Develop Huge Zinc, Lead and Silver Deposit". AZoMining. 22 September 2024. <https://www.azomining.com/News.aspx?newsID=5000>.
Chicago
Scanlon, Joel. "Russia to Help Iran Develop Huge Zinc, Lead and Silver Deposit". AZoMining. https://www.azomining.com/News.aspx?newsID=5000. (accessed September 22, 2024).
Harvard
Scanlon, Joel. 2019. Russia to Help Iran Develop Huge Zinc, Lead and Silver Deposit. AZoMining, viewed 22 September 2024, https://www.azomining.com/News.aspx?newsID=5000.