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MKM ... a leading copper company

German firm to invest $1.1bn in Iran’s copper industry

IRAN, February 7, 2016

Germany-based Mansfelder Kupfer und Messing (MKM), a leading copper company, has signed a memorandum of understanding (MoU) to invest €1 billion ($1.11 billion) in a number of projects in Iran, said a report.

MKM signed the deal with the National Iranian Copper Industries Company (NICICO) in this regard said the Iran Business News report, citing IRNA.

MKM plans to help Iran develop its downstream industries to obtain copper from copper cathodes, added the report.

The company also offered to purchase an annual amount of 70,000 tonnes of produced copper cathodes from NICICO, it said.




Tags: | Iran | Germany | Copper |

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