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The Nexus
BUSINESSJun 18 · 11:51 UTCSEMAFORTim McDonnell

Saudi-US mining company turns to Iran

A US-Saudi mining investment program initially focused on African mineral supply chains is now targeting Central Asian resources to support Iran's postwar reconstruction. The $9 billion MOU between Burkhan World and Grand Mines has shifted to prioritize Kazakhstan and Pakistan's minerals, aligning with a new $300 billion US-Iran reconstruction fund. Saudi officials emphasize enabling Iran to operate outside sanctions while rebuilding its economy.

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