The comprehensive nuclear accord (Joint Comprehensive Plan of Action, or JCPOA), finalized on July 14, 2015, provides broad relief from US, UN, and multilateral sanctions on Iran’s energy, financial, shipping, automotive and other sectors. Sanctions were suspended or lifted upon the International Atomic Energy Agency (IAEA) certification on January 16, 2016, that Iran had complied with the stipulated nuclear dismantlement commitments under the agreement (“Implementation Day”). On Implementation Day, Administration waivers of relevant sanctions laws took effect and relevant Executive Orders (EOs) were revoked by EO 13716.
Sanctions were re-established by the Trump government in 2018 in a move that has been detrimental to Iran’s industries and population.
It is estimated that Iran’s mining sector needs $20 billion of investment by 2025 to bring it up to world standards. The permanent lifting of Sanctions and establishment of a transparent international banking system in the country will provide the catalyst for an once-in-a-lifetime opportunity for investors to join the “gold rush” that will accompany the opening of one of the world’s last undeveloped mining frontiers.