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🟠 Important ❓ Unknown

120 Mining Projects to Be Transferred to Russians; Iran's Mines in Russian Hands

Jun 5, 2026 June 5, 2026 3 min read 📰 VOA Persian
📋 Key Takeaway

Iran is set to transfer 120 mining projects to Russia, with potential involvement from China in the mining sector. This move is part of a broader 20-year agreement between Iran and Russia aimed at enhancing bilateral relations and economic cooperation. The implications of this partnership could significantly impact Iran's position in global energy markets.

🔍 Quick Context Guide
💡 Bottom Line: The transfer of mining projects to Russia marks a significant step in Iran's economic realignment.

👥 Key Players

Alireza Shahidi ACTOR
Deputy Minister of Industry, Mine and Trade
"The Deputy Minister of Industry, Mine and Trade of the Islamic Republic has announced the transfer of 120 exploratory projects."
Ebrahim Raisi QUOTED
President of Iran
"Ebrahim Raisi also stated... that the new large contract... would lead to a 'rise in bilateral relations.'"
Vladimir Putin QUOTED
President of Russia
"Ebrahim Raisi also stated... during a meeting with Putin."
Russian government TARGET
Government of Russia
"The execution of 120 mining projects is set to be fully handed over to the Russians."
Iranian media QUOTED
Media outlet
"Iranian media have described Russia's presence in economic projects... as Russia's plan to contain Iran."

⚡ Actions

Alireza Shahidi ANNOUNCE Russians
"The Deputy Minister of Industry, Mine and Trade of the Islamic Republic has announced the transfer of 120 exploratory projects to the Russians."
Confidence: 90%
Iranian government NEGOTIATE Russians
"They hope to sign a memorandum of understanding with the Russians by Azar (December)."
Confidence: 90%
Russians EXECUTE Iran's mining projects
"The execution of 120 mining projects is set to be fully handed over to the Russians."
Confidence: 90%

📰 What Happened

Iran transfers 120 mining projects to Russia, aiming for economic cooperation.

  • Alireza Shahidi announce Russians
  • Iranian government negotiate Russians
  • Russians execute Iran's mining projects

💡 Why It Matters

🇮🇷 For Iran: Because it signifies a shift in resource management and economic strategy.
🌍 Regional: Because it may enhance Russia's influence in the Middle East.
🌐 International: Because it raises concerns over Iran's increasing dependence on Russia.

📚 Background

The transfer of mining projects to Russia marks a significant step in Iran's economic realignment.

📝 Key Evidence

"Experts assess the transfer of a large volume of the country's mines to the Russians as part of the 20-year contract."
→ This proves the strategic economic relationship between Iran and Russia.
📡 Source: STATE MEDIA
📊 Confidence: 80%
The source is state-affiliated, potentially biased towards Iranian government narratives.

The Deputy Minister of Industry, Mine and Trade of the Islamic Republic has announced the transfer of 120 exploratory projects to the Russians in the near future, stating that the Chinese may also come to Iran for exploration and development in the mining sector. Alireza Shahidi emphasized that they hope to sign a memorandum of understanding with the Russians by Azar (December). According to this official's remarks, the execution of 120 mining projects is set to be fully handed over to the Russians, who will also train Iranian human resources. The Deputy Minister of Industry stated that if the Iran-Russia Economic Commission is held on December 3 and 4, the memorandum of cooperation will be concluded on those dates. Experts assess the transfer of a large volume of the country's mines to the Russians as part of the 20-year contract between Iran and Russia, a contract that Iranian media considered a gift from Ebrahim Raisi from his trip to Russia in September 2022. Ebrahim Raisi also stated on Thursday, September 15, during a meeting with Putin that the new large contract between the Islamic Republic of Iran and Russia would lead to a 'rise in bilateral relations.' The official website of the presidency reported that a large delegation of Russian business representatives, including 80 companies, will travel to Tehran next week. Iranian media have described Russia's presence in economic projects, including oil and gas, as Russia's plan to contain Iran in competitive markets. The website 'Tejarat News' reported on December 25, 2021, that Russia's economic interests in proximity to Iran are somewhat clear. It was reported that during the exploration of the 'Chalus gas field,' this field elevated Iran to the first position in terms of natural gas resources in the world, prompting the Russians to step forward and promise to export from this gas field to Europe, so to speak, to have the 'export milk' of Iran's gas to Europe in their own hands. This report, like others, mentioned Iran's policy of returning to an 'eastward look' after nearly a decade. On June 8, 2022, the 'Washington Free Beacon' reported on the eastward shift in Iran's foreign policy, emphasizing that China intends to provide advanced espionage equipment to the Islamic Republic under a $400 billion, 25-year contract, which would allow for greater suppression of dissenters and opponents by intelligence agencies. Ebrahim Raisi also stated on February 15 of last year during his trip to Beijing that the implementation of the '25-year strategic document' signed between Iran and China would be pursued. Zelensky: Iran, Russia, and North Korea are 'throwing a match into the fire of war' between Israel and the Palestinians. Analytical report; a mirage called 'China's economic miracle.' Complete withdrawal of the Chinese from the 'Yadavaran' oil field; reason for withdrawal: U.S. sanctions.

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Translated from the original and edited for English readers. View original source →

Translation confidence: 85%

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