News ID: 155908
Published: 0808 GMT July 30, 2016

Iran to process precious African stones

Iran to process precious African stones

An Iranian company inked an agreement with an African country, for the first time in the past 40 years, to process precious and semiprecious stones, said an Iranian businessman in Tehran on Saturday.

The agreement was signed between the Iranian Zarine Fanavarn Company and a leading gold, diamond and stone company in Guinea Conakry, the managing director of the Iranian company, Hooman Bahmani-Zanganeh, told IRNA.

Bahmani-Zanganeh, who was a member of the Iranian economic delegation that accompanied Foreign Minister Mohammad Javad Zarif on his African tour, said the processed stones would be used in handicrafts production or for export.

African countries have the world's largest gold, jewels, precious stones and mineral reserves, he added. This, he noted, would create a large number of jobs in Iran.

"After being processed, the stones would generate high added-value. They would be used in various industries such as making jewelries and handicrafts," he said.

Bahmani-Zanganeh concluded that Iran can export the processed stones to the US, Persian Gulf littoral states, Latin-American states as well as African countries.

Zarif returned to Tehran on Friday morning following a six-day tour of West Africa, which took him to Nigeria, Ghana, Guinea Conakry and Mali.

He was accompanied by a high-ranking economic team.

Resource: IRNA
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