Mines in Iran: Rich but not developed
Iran has vast resources of mineral, both in variety and volume: There are 69 variety of minerals in Iran and the overall resources are estimated to contain 57 million tonnes. However, the contribution of Mining Industry in Iranian GDP is not more than 1%. That gives a good reason for which this week 25 top Czech companies in this industry to visit Iran. About 85% of Mining industry in Iran is run by private sector who is eagerly looking for new exploration technologies, machineries and financing.
Source: Iran-Mine-House Reports, Ministry of Industry and Trade
Marlboro coming or not?
It is months of negotiations whether production license of Marlboro will be given to Iranian Tobacco Company or to a private-owned company. It seems that Ministry of Industry and Trade is supporting the scenario that a private company should be given the license. Iranian Tobacco Company, strongly against this scenario, asks the Government not to permit any plant-building, as otherwise this company would lose its share in the market more than ever. Although, Iranian Tobacco Company was one of the successful companies in Iran up to a decade ago, due to lack of proper management, pricing policies the company is in serious difficulties.
Most of foreign cigarette brands coming to Iran are smuggled.
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