Iran Launches Biggest Gold Processing Plant In Middle East

DRTOA – This will tie into the lie that gold is money of terrorists. Now that ISIS wants to create a gold backed currency. / Dave in Denver / November 17, 2014 at 09:30

Iran has launched a new gold-processing plant that will enable the country produce precious metals that will help counter the sanctions put in place by other countries over its controversial nuclear program. The plant can process up to 3 tonnes of gold annually, as well as 2.5 tonnes of silver and one tonne of mercury.

Iranian TV reported the facility is located northwestern Iran near the Zareh Shuran gold mine. The latter has an estimated 20 million tonnes gold ore reserves, news site RT said.

Authorities said the country will be using a “unique” technology with the new plant to process the precious metals. The new plant costs over $31 million to construct.

Data from the U.S. Geological Survey showed Iran had minted more than 40 commodities and about 20 metals in 2012, the year it was slapped with sanctions over claims its nuclear program is actually being used to develop atomic weapons. While admitting that its nuclear program was indeed active, anything produced from it is meant for only civilian purposes and not for the military. Nonetheless, the sanctions have proven to have achieved its goal, as according to, Iran’s oil exports have been greatly reduced by more than half from the previous 2.5 million barrels per day.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s