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Persian Gold PLC

Persian Gold PLC

Industry: 
Mining Products
Symbol: 
LON:PNG
Country: 
UK
Contact Information: 
Sources: 

The Persian Gold PLC website openly states that it "is an Irish based AIM quoted company in 2003 to examine and explore for large gold deposits in the altered volcanics of Iran... Largely unexplored in the last 30 years, Iran has low operating costs and excellent infrastructure with a highly educated and well trained workforce."

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A March 2009 company press release states, "John Teeling [Persian Gold PLC Chairman] is not one of those who shuns geo-political risk. Angels may fear to tread, but Colombia, Iran, Iraq, Zimbabwe and other “difficult” countries appear to be meat and drink to the Teeling team."

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In the third quarter of 2009, the Florida Retirement System Trust Fund (Pension) prohibited financial investment in the company due to its operations in Iran. ("Protecting Florida’s Investments Act (PFIA): Quarterly Report," 7/28/09)