IMIDRO, BHF-Bank to launch long-term cooperation

Tehran, Nov 14, IRNA – Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and Berliner Handels- und Frankfurter Bank (BHF-BANK) will resume cooperation, especially in the mining and mining industries sectors, for a long period of time.

The parties to the talks on Monday for future cooperation between the two sides were senior directors of Berliner Handels- und Frankfurter Bank (BHF-BANK), especially governor of the Bank Hans- Günter Wiesenack, and Deputy Minister of Industries, Mines and Trade of Iran and Chairman of the IMIDRO Mehdi Karbasian on Monday.
Wiesenack said there are abundant opportunities for mutual cooperation and his bank wants to expand financial relations with Iran.
He recalled difficulty of ties with Iran during sanctions and said gone is the hard era and now the two sides can have good ties.
He suggested 30 to 40 years of cooperation with the Iranian IMIDRO.
Karbasian for his part referred to inking of documents for cooperation between Iran and a number of European companies and removal of problems with French Kofas and German Hermes companies and said many past financial challenges are now tackled.
The Iranian mining and mineral sectors will have many projects for development in the next five years and the banking sector and financial and insurance sectors will be of special importance for the purpose, said Karbasian, adding that Iran has defined 30 billion dollar project for the mine and mining industries and is ready to absorb the capital in order to finance the projects.
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