Investment on the Persian Gulf Mining and Metal Industries Special Zone to Reach to $5bil      According to the Public Relations of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), Bahman Ayar RezaieeHormozgan Steel, Hormozal Aluminum and South Steel plans are being executed in this zone through joint venture of the Iranian and Indian investors.” “Some agreements have also been signed with the other countries for execution of some other mining industry plans.” he added. Ayar Rezaiee announced:”Establishment of three steel plants with 3.2mil ton capacity and capacity creation for production of 300,000 tons of aluminum are among the mid term programs of the Persian Gulf Mining and Metal Industries Special Zone.” Mentioning that the execution of major mining industry plans in this special zone has activated many local contractors, Ayar Rezaiee said:” The Persian Gulf Mining and Metal Industries Special Zone will be changed to aluminum and steel production hub of the country by execution of the long term plans including creation of 10mil tons of steel productive capacity and 500,000 tons of aluminum productive capacity.” said:” Visit : 326 Posted : Monday , October 12th 2009 | 0 : 0