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Iran Plans to Up Gold Production to 3 Tons a Year
Nov. 17, 2014 12:23PM PST
Precious Metals Investing
RT reported that Iran has opened a new gold processing plant in hopes of doubling its precious metals production. The country will now be able to mine up to 3 tons of gold per year.
RT reported that Iran has opened a new gold processing plant in hopes of doubling its precious metals production. The country will now be able to mine up to 3 tons of gold per year.
The move is part of the country’s “economy of resistance.” That policy includes:
[D]omestic economy building with maximum utilization of the country’s resources, as well as the promotion of a knowledge-based economy and innovation. The ultimate goal is to become the No. 1 knowledge-based economy of the region.
Iran is still under tough sanctions that were imposed in 2012 over its nuclear program, which the West claims is aimed at developing atomic weapons. However, Iran says the program is for peaceful, civilian purposes.
