Iran General NewsIranian companies to mine for minerals in Venezuela, Khan...

Iranian companies to mine for minerals in Venezuela, Khan says

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Bloomberg: Venezuela will work with Iranian companies to mine for minerals in the southeastern part of the South American country, Mining Minister Jose Khan said.

Bloomberg

By Charlie Devereux

Venezuela will work with Iranian companies to mine for minerals in the southeastern part of the South American country, Mining Minister Jose Khan said.

Studies carried out by Iranian companies have found a deposit of gold, Khan said today in a statement.

Iran in 2009 agreed to help Venezuela find deposits of minerals including uranium, gold and coltan. The U.S. in May announced sanctions against state-owned oil company Petroleos de Venezuela SA for supporting Iran’s energy industry by delivering cargoes of gasoline additive to Iran this year.

Venezuelan President Hugo Chavez and Iran’s Mahmoud Ahmadinejad have forged diplomatic and commercial ties as Iran faces international sanctions over suspicions it is trying to develop nuclear power. Ahmadinejad will visit Venezuela tomorrow, Chavez said last week.

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