Special Political and Decolonization Committee
Iran, Islamic Republic of
Cite as https://mymun.com/ppdb/6240
Committee:-Special Political And Decolonization Committee.
Topic 1:- Mining Rights
Iran is ranked among 15 major mineral-rich countries with potential reserves worth more than $700 billion. Iran is planning in opening $29 billion of mining projects to foreign investors once international sanctions are lifted. Iran has more than 3,000 active mines, mostly privately owned. Most of the mines are located in the Khorasan region. The government owns 90% of all mines and related large industries in Iran, and is seeking foreign investment to develop the mining sector.
Iran is a LEDC (Less Economically Developed Country), however most of the mines are owned by the government. But our mining industry is underdeveloped with very little foreign investment, the need for foreign intervention is great in Iran in order to boost its mining industry, as Iran has zinc (world's largest) reserve, copper (world's ninth largest - revised from second largest in 2010), iron (world's ninth l...