TEHRAN, June 27 (Mehr News Agency) -- Iran and Senegal are setting the stage for cooperation in the industrial and mining sectors, Iranian Industries and Mines Minister Alireza Tahmasbi said at a meeting with his Senegalese counterpart Medicke Niang in Tehran on Tuesday.

Tahmasbi referred to the previous memorandum of understanding signed by the two countries and announced that Iran is interested in investing in Senegal's ironstone, bauxite, copper, and phosphate extracted from the Matam region, "should the technical and economic studies testify to plan feasibility."

Iran will dispatch a delegation of experts to the West African nation next month for the groundbreaking ceremony of the country's new Samand production line.

Senegal enjoys rich mineral reserves with a high degree of purity. Phosphate produced in the Matam region of this country is recognized to be of the highest grade in the world.