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Iran goes beyond oil — to sign $5.4 billion in mining deals with Italy, France


Iran's full-re-entry into the world energy market upon the lifting of sanctions has hurt oil prices further, sending them below the psychologically significant $30-a-barrel level last week.

The question in everyone's mind now is how Iran's incursion into the mining industry will affect an already struggling sector, hit by a sustained rout in commodity prices. Investor took renewed interest on the subject Monday, as Iran's Deputy Industry, Mine and Trade Minister, Mehdi Karbasian, said his country hopes to finalize investment plans worth about $5.4 billion during President Hassan Rouhani visit to Italy, where he arrived Monday, on the first leg of a landmark visit to Europe. more

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