0542 GMT November 19, 2019
The three-day event presents the latest technologies and equipment, services, machineries for mines and mining industries in exploration, excavation, processing and production, reported Fars News Agency.
Representatives from Canada, South Africa, Japan, China, Pakistan, South Korea, India, Sweden, the Netherlands, Spain and Germany are attending this year’s event.
The annual event also aims to introduce investment opportunities in Iran for mining companies worldwide. Minex is organized by the Ministry of Industry, Mine and Trade, in cooperation with several other organizations.
Iran is home to 68 types of minerals, with more than 37 billion tons of proven reserves and 57 billion tons of potential reserves.
According to the United States Geological Survey, Iran is home to more than seven percent of the world’s mineral reserves.
Last month, the Iranian Mines and Mining Industries Development and Renovation (IMIDRO) announced in a statement that the country is going to increase investment in the mining sector, recounting that 150 mines will be re-activated in a bid to boost Iran’s economic growth in the face of the US unilateral sanctions.