Wednesday, 7th June 2006 (2668 views)

Plans for the Zarshuran Gold Mine in Iran are continuing to develop in the East Azarbaijan Province, it has been reported.

The Persian service of ISNA says that new bids are still emerging, with the qualification process now likely to mean a final decision on the mine will not be taken for several months.

Work is expected to begin in March 2007, with project director Mahmud Yeganli detailing the latest developments.

"So far, 28 companies in eight groups have purchased the preliminary forms and seven groups are expected to qualify for the final run," he said.

"They will then be invited to obtain the main documents for the final bid."

The bid process is expected to last for several months, as international tender laws and bid criteria are examined.

Around 300 tonnes of gold are bought and sold in Iran each year according to estimates.

 

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