MOSCOW (Sputnik) — Iran’s state-run Management and Planning Organization will allocate $66.8 million to production, the mines deputy chief said.
Some of this money is expected to be used to develop and overhaul mines.
"The French, Russians and Chinese are planning to fund the country’s mine projects in various sectors and have drawn up a number of investment packages for this purpose," Mehdi Karbasian told the national Mehr news agency.
Karbasian added that Chinese businesses had revised their approach to dealing with Iran, opting to invest directly in the industry to get a competitive edge.
