Tehran- Pars Tamin Mines Development Company reached a memorandum of understanding with Sadr Tamin Exploration and Drilling Company on Wednesday, August 30 to cooperate on coring works.

The agreement was concluded between Pars Tamin Mines Development Company and Sadr Tamin Exploration and Drilling Company as the two powerful executive arms of Sadr Tamin Holding for the core drilling of up to 10,000 meters, the website of Sadr Tamin Investment Company reported. 

The most important goals of the MoU include increasing the synergy between the subsidiaries of the Sadr Tamin Holding and also speeding up the drilling pace in the mining areas under the supervision of Pars Tamin Mines Development Company with the least possible expenses.

This agreement is the fourth memorandum of understanding between the two companies. The two companies agreed to a total of 13,000 meters of drilling by core method and also 2,000 meters of drilling by the reverse-circulation (RC) method in the previous contracts.