Resumen de Iran is a complicated opportunity for mining, business experts warn
Owing to the bilateral sanctions in place between the US and Iran, companies with even tenuous US connections will also be prohibited from securing contracts in Iran until further notice, [Hans-Jakob Schindler] said. "If even one member of your board has a Green Card [which gives the right to permanent residency in the US], your company will not be able to work on a project in Iran," he warned.
He also noted that while Iran is a stable country, it is in a geographically unenviable position, sandwiched between Afghanistan to the east - which is "not in very good shape", according to Schindler - and Iraq to the west - which is "not in a very comfortable position". This increases the security risk for companies looking to operate in the country.
"It's a huge opportunity, we all know that. But we can't get it wrong. The country can't get it wrong," [Chris Parker] stressed. "It will be a bumpy ride for the first six months at least."
