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All tagged mining
◢ The Trump administration has announced a new wave of sanctions on Iran’s steel, aluminum and copper industries. But while the administration has claimed the move is intended to deny Iran’s government foreign exchange revenue, the likelier intention behind targeting the metals industry related to the sector’s role as perhaps the single most important employer in Iran.
◢ Mineral Commodities Limited, a listed Australian junior mining company, has entered the Iranian market. MRC has signed agreements that give it rights to majority stakes in two mining projects producing gold and copper in the northwest of Iran.
◢ The company has reviewed thirty projects so far, and has earmarked a USD 2.4 million dollars for further exploration in 2018.
