Italy and Iran are to sign
multi-billion-euro agreements in the minerals sector during
Iranian President Hassan Rouhani's visit to Rome, a member of
the delegation from Tehran told Iranian agency Tasnim on Monday.
"Contracts worth $5.4 billion are ready for investment with
Italy in the mineral sector," said Iranian Trade Minister Mehdi
Karbasian, who also heads up state-owned holding company Iranian
Mines & Mining Industries Development & Renovation (IMIDRO).
The contracts "need to be perfected and signed" in the next
few hours, he added.
IMIDRO has over 50,000 employees and is active in steel,
aluminium, copper, and cement production and in exploiting
mineral deposits.
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