NEWS
IRON and STEEL
 

Iron Ore Prices Seen Stagnant on Rising Supplies, Asia Demand to Support

23 January 2019 Time: 20:46
New Delhi – Global iron ore prices are seen stagnating in the next few years on excessive supplies and slowing Chinese demand, yet a strong growth elsewhere in Asia is expected to keep prices supported and trade booming.
 

Japan: Kanto Monthly Scrap Export Tender for Jan'19 Fetches Bid Lower by USD 6.5

23 January 2019 Time: 20:43
As per recent updates received from sources, ‘Kanto Tetsugen’- Japan’s monthly ferrous scrap export tender for Jan’19 concluded today (11th Jan) in the Kanto region. Total 20,000 MT H2 scrap auctioned through three winning bids presented at an average of JPY 28,775/MT (USD 266), FAS in Jan’19.
 

India: Godawari Ispat Resumes Movement of Iron Pellets to Vizag Port for Exports - Sources

23 January 2019 Time: 20:22
Godawari Power and Ispat Ltd (GPIL), a Raipur based iron pellet maker has resumed pellet movement for 55,000 MT to Vizag port for exports, SteelMint learned from market sources.
 

Indian Mid Sized Mills Reduce Wire Rod Export Offers to Nepal by USD 10-15/MT

23 January 2019 Time: 20:19
Indian mid sized mills have reduced wire rod export offers to Nepal by around USD 10-15/MT in the last one week, according to SteelMint's weekly assessment. Current offers for 5.5 mm reported at USD 510-515/MT on ex-mill basis (at Durgapur), which is equivalent to USD 535-540/MT CNF Nepal Raxaul land border.
 

South Korean Steel Mills Book Bulk Scrap Cargoes; Prices Down

23 January 2019 Time: 20:17
South Korean steel mills have bought multiple bulk cargoes at corrected prices this week. Scrap purchase enquiries from US, Russia and Japan to South East Asian markets increased and steel mills remained in search for bulk cargoes at reasonable prices.
 

China’s Hebei Encouraging Steel Mills to Relocate Abroad amid Restructuring in Domestic Market

23 January 2019 Time: 20:14
The government of North China’s Hebei province is encouraging the construction of steel-related industrial parks abroad which is in line with country’s Road and Belt initiative (BRI) and government’s efforts of industry restructuring as an attempt to have clearer skies.
NON-FERROUS
 

US to lift Rusal sanctions in January

20 December 2018 Time: 07:08
The US Treasury Department said today it will lift sanctions against Russian aluminium producer Rusal on 18 January.
 

Alba Hosts Wellness Sessions to Mark Breast Cancer Awareness Month

26 November 2018 Time: 22:01
Aluminium Bahrain B.S.C. (Alba) marked the Breast Cancer Awareness Month this year by hosting two separate events on Wellness and Health for Alba Ladies at the Oasis Hall during October 2018.
 

Henan Mingtai grants SMS group final acceptance of high-performance aluminum cold mill

26 November 2018 Time: 21:26
On October 18, 2018, the Chinese aluminum producer Henan Mingtai Al. Industrial Co., Ltd. has granted SMS group the final acceptance certificate for the new aluminum cold rolling mill established at the Gongyi location.
 

U.S. Exempts South African Mills from Steel and Aluminium Tariffs

9 November 2018 Time: 20:48
As per the latest updates, U.S. has exempted some of the South African (SA) steel and aluminium producers from the steep tariffs imposed under section 232.
 

E-MAX and Technical Service of SMS group prolong service contract

7 November 2018 Time: 22:10
ALUMINIUM 2018, the leading trade show for the aluminum industry took place in Düsseldorf from 9 to 11 October. In addition to discussing the big topics of the future at the SMS group booth, representatives of SMS group’s Technical Service also presented its service concept for extrusion press operators.
 

FATA's ECO_Rec Sand Regeneration System in Bulgaria

30 October 2018 Time: 18:35
FATA’s fully automated Eco-Rec Sand Regeneration System can save significant sums on operating costs.
 

Barrick mulls selling Zambia copper mine over higher taxes

22 January 2019 Time: 14:09
Gold giant Barrick (TSX:ABX)(NYSE:GOLD) said Monday that while it continues to engage with the Zambian government and community stakeholders about a mutually-beneficial way forward for its Lumwana copper mine, it would consider selling the operation given the “challenging conditions” it’s facing.
 

Copper price falls after Chinese economic growth hits 28-year low

22 January 2019 Time: 13:33
The copper price came under renewed pressure on Monday after headline figures showed a slowdown in the Chinese economy to annual rates of growth not seen in nearly three decades.
 

Turquoise Hill reports fourth quarter 2018 production for Oyu Tolgoi, 2019 guidance

19 January 2019 Time: 15:13
Oyu Tolgoi is expected to produce 125,000 to 155,000 tonnes of copper and 180,000 to 220,000 ounces of gold in concentrates this year, Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) reports.
 

Carube Copper finds high grades in Jamaica

18 January 2019 Time: 19:52
Following a mapping and prospecting campaign in conjunction with a grid-based soil sampling program and follow-up rock channel sampling, Carube Copper (TSXV: CUC) reported the discovery of high-grade copper-silver mineralization at its Main Ridge Project in Jamaica.
 

China Moly ups stake in giant Tenke copper mine to 80%

18 January 2019 Time: 19:08
China Molybdenum, which bought the giant Tenke Fungurume copper and cobalt mine from Freeport-McMoRan in 2016, is buying a holding company for $1.14 billion that will give it an 80%-stake in Democratic Republic of Congo’s operation.
 

Hudbay Minerals investor Waterton seeks to replace CEO, board

16 January 2019 Time: 22:57
Hudbay Minerals’ (TSE, NYSE: HBM) second-largest investor, Waterton Global Resource Management, is seeking to oust the Canadian miner’s chief executive officer and overhaul its board.
 

Iran Develops New Technology to Process Lead, Zinc Ores

21 January 2019 Time: 16:05
Iranian experts developed a new technology to process lead and zinc ores, using pyrometallurgy method.
 

Hudbay Minerals investor Waterton seeks to replace CEO, board

16 January 2019 Time: 22:57
Hudbay Minerals’ (TSE, NYSE: HBM) second-largest investor, Waterton Global Resource Management, is seeking to oust the Canadian miner’s chief executive officer and overhaul its board.
 

Nakhlak Lead Concentrate Processing Plant Inaugurated

8 September 2018 Time: 14:24
Nakhlak lead concentrate processing plant was inaugurated by chairman of the board of IMIDRO.
 

Zinc price will vault $4,000 within months – report

28 January 2018 Time: 01:35
Zinc pulled back on Wednesday to below $3,400 a tonne, but stayed within shouting distance of the best levels since August 2007 as worries about global stocks of the metal, mainly used in galvanizing steel, continue to support prices.
 

Nakhlak Lead Concentrate Tops 2,000 Tons

15 January 2018 Time: 02:10
Nakhlak Mineral Complex produced 2,019 tons of lead concentrate during the first nine months of the current Iranian year (March 21-Dec. 21), indicating a 7% increase compared with last year’s corresponding period, the Iranian Mines and Mining Industries Development and Renovation Organization reported on its website.
 

Lundin Mining awards contract to Metso for Somincor Zinc Expansion Project at Neves-Corvo mine in Portugal

25 December 2017 Time: 01:32
With the Zinc Expansion Project, Lundin Mining expects to expand production from the existing mining areas and from the deeper, higher-grade zinc deposit Lombador Phase 2.
 

Fresnillo’s 2018 silver output hit record high, to be lower this year

23 January 2019 Time: 23:34
Shares in Mexico-focused precious metals miner Fresnillo (LON:FRES) took a hit Wednesday after the company said it expected a decline in silver output in 2019.
 

Prospero begins phase 2 drilling at Pachuca

22 January 2019 Time: 14:22
Prospero Silver has begun phase two drilling at its Pachuca SE project in Hidalgo State, Mexico, shortly after Fortuna Silver Mines (TSX: FVI; NYSE: FSM) exercised its option to acquire up to 70% of the project in late 2018. Fortuna can earn its interest in Pachuca SE by spending US$8 million on the project, including at least US$1 million in the first year, and completing a preliminary economic assessment.
 

Don’t give up on the diamond industry just yet

22 January 2019 Time: 14:14
If diamond miner equities are a proxy, the sentiment surrounding the diamond industry is currently at historic low levels. Just in the last two years, a basket of diamond producer stocks was down 28.9% in 2018, following a decline of 17.3% in 2017 (see Figure 1 below).
 

Gold, silver and platinum now printed directly onto fabrics

21 January 2019 Time: 16:47
A team of researchers from Imperial College London developed a technique to print silver, gold and platinum onto natural fabrics.
 

Combayo residents to protest against Minera Yanacocha in northern Peru

21 January 2019 Time: 16:26
Residents of the Combayo community, located in the Cajamarca department of northern Peru, announced a protest for February 6, 2019, against Minera Yanacocha, owned by Colorado’s Newmont Mining Corporation (NYSE: NEM), Peru’s Buenaventura, and the World Bank's International Finance Corporation.
 

Turquoise Hill reports fourth quarter 2018 production for Oyu Tolgoi, 2019 guidance

19 January 2019 Time: 15:13
Oyu Tolgoi is expected to produce 125,000 to 155,000 tonnes of copper and 180,000 to 220,000 ounces of gold in concentrates this year, Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) reports.
 

Global Energy Metals buys cobalt project near Tesla gigafactory

22 January 2019 Time: 14:03
In its quest to become a niche supplier of cobalt, Global Energy Metals (GEMC:TSX.V) announced it has signed an agreement with Nevada Sunrise Gold Corp to acquire an 85% interest in the Lovelock cobalt mine and the Treasure Box project, located in Churchill County, Nevada.
 

Slower growth weighs on base metals but constructive for gold, CIBC says

22 January 2019 Time: 13:40
The negative effects of trade disputes on global growth this year will push down demand for base metals and steel-making commodities, while the economic uncertainty will drive gold prices higher, CIBC says.
 

Record $93B private capital flows into natural resources

19 January 2019 Time: 14:08
Private capital tracker Preqin says in an update that contrary to expectations, 2018 was another bumper year for the industry, particularly for natural resources investments.
 

China’s slowdown is miners' single biggest fear this year — report

18 January 2019 Time: 19:24
A worsening of the ongoing economic slowdown in China, consumer of about half the world’s commodities, is the single biggest challenge mining and metals companies face this year, a new survey of senior executives shows.
 

Chile nuclear watchdog weighs probe into fraud over lithium exports – documents

17 January 2019 Time: 16:40
Chile’s nuclear watchdog CCHEN is considering an investigation into potential fraud after an audit found that the agency for decades failed to properly record exports of ultralight battery metal lithium, documents obtained by Reuters show.
 

A cold blast from China chills industrial metals markets: Andy Home

9 January 2019 Time: 21:37
Base metals started the new year where they left off the old one, by falling again.The London Metal Exchange index (LMEX) slumped to a one-and-a-half year low of 2730.1 on Jan. 3.The trigger was Apple Inc's revenue warning, not the type of news event that normally roils prices of old-economy metals such as copper, lead and zinc.
MINERALS
 

Iron Ore Prices Seen Stagnant on Rising Supplies, Asia Demand to Support

23 January 2019 Time: 20:46
New Delhi – Global iron ore prices are seen stagnating in the next few years on excessive supplies and slowing Chinese demand, yet a strong growth elsewhere in Asia is expected to keep prices supported and trade booming.
 

Canada: Iron Ore Exports Down 21% in Nov'18

23 January 2019 Time: 20:26
Trade statistics released by Canada custom shows that the iron ore exports by the country recorded at 4.01 MnT in Nov'18. The exports depicted fall of 21% as compared to Oct'18 exports at 5.1 MnT. On yearly basis exports witnessed a fall of 4% as against 4.16 MnT in Nov'17.
 

India: Godawari Ispat Resumes Movement of Iron Pellets to Vizag Port for Exports - Sources

23 January 2019 Time: 20:22
Godawari Power and Ispat Ltd (GPIL), a Raipur based iron pellet maker has resumed pellet movement for 55,000 MT to Vizag port for exports, SteelMint learned from market sources.
 

Infograph: Brazil Iron Ore and Pellet Export in 2018 Vs 2017

23 January 2019 Time: 20:12
World's second largest exporter of Iron ore - Brazil, increased its iron ore exports in CY'18 by 3% to 394 MnT as against 384 MnT in CY'17 for the 6th consecutive year in 2018.
 

Iran to Open New Steel Mill

18 January 2019 Time: 21:36
A new steel ingot production unit will open in the city of Sirjan, Iran’s province of Kerman, in early February, an Iranian lawmaker said, adding that the opening ceremony will be attended by First Vice-President Es’haq Jahangiri.
 

Brazilian general with mining ties to solve industry-indigenous disputes

18 January 2019 Time: 19:14
A retired Brazilian Army officer who recently advised Canadian miner Belo Sun (TSX: BSX) about its plans to mine gold in the Amazon, will head the country’s Indigenous Rights Agency (Funai) aiming at using his experience in the sector to deal with hundreds of impending clashes between miners and locals.
 

How China’s Graphite Electrodes and Needle Coke Market Perform this Week?

23 January 2019 Time: 20:59
SteelMint has heard from its sources that after the Graphite electrodes (GE) prices in China turned stable last week amid government’s liquidity boost in the economy, the decline in domestic steel prices and ample steel availability has once again driven down the country’s GE prices.
 

Australian Coking Coal Prices Keep Falling on Sluggish Steel Market in China

23 January 2019 Time: 20:02
Seaborne premium hard coking coal prices have further declined this week after the sharp fall last week, as inventories continued to build due to the continued lack of buying interest from end-users.
 

India Imports First Non-Coking Coal Cargo from New Zealand

16 January 2019 Time: 23:36
On December 9, 2018, the merchant vessel Furness Victoria arrived at Kandla Port in Gujarat on the west coast of India. It carried about 52,000 MT of thermal coal that originated from New Zealand.
 

Bumi Resources Aims for 90 MnT Coal Output in 2019

15 January 2019 Time: 20:32
PT Bumi Resources, Indonesia's largest thermal coal producer, expects to produce more than 90 MnT of coal this year, slightly higher than its 2018 estimated growth output of 85 MnT, said Mr Dileep Srivastava, director and corporate secretary of the company.
 

Turkey: Coal Imports Down 8% M-o-M in Nov'18

15 January 2019 Time: 20:26
Turkish coal imports have extended its fall in Nov'18, driven by the decline in coal supplies from Russia. Data provided by customs shows that Turkey's coal imports had decreased to 3.74 MnT coal in Nov'18 against 4.08 MnT in Oct'18, which was also 18% lower on the year from 4.58 MnT in Nov'17.
 

Coal mine collapse in China's Shaanxi kills 21 – People's Daily

14 January 2019 Time: 07:19
A coal mine roof collapse in northwest China's Shaanxi province killed 21 miners on Saturday, the state-run People's Daily reported on Sunday.
 

Minerals entity dedicated to Services in the Middle East

6 January 2019 Time: 06:54
Within Fives, the Cement | Minerals Business Line recently set up a new operational entity in the Middle East to support customers with services and technical assistance.
 

REFRAJET® Addmix: An innovative injection system

27 November 2017 Time: 14:29
The REFRAJET® Addmix technology is an innovative injection system that was developed specifically for the installation of cement-free sol-gel bonded refractory concretes of the REFRAJET® Nanobond type.
 

Cement Industry Remains Stuck

6 November 2017 Time: 22:16
The Iranian cement industry’s fall from grace has turned into a continuous freefall.
 

Cooperation of Refratechnik Ceramics with HK-CERAM in the area of R&D

26 September 2017 Time: 10:01
Refratechnik Ceramics GmbH, Germany (formerly BURTON), and HK-CERAM Kft., Hungary, are among the world’s leading companies for the design, development and manufacture of refractory products for the ceramics industry.
 

Cement Expo Opens in Isfahan

31 August 2017 Time: 12:26
The Fourth Isfahan Cement Expo opened on Thursday and is scheduled to run until Saturday.
 

Government Control Hamstrings Cement Industry

19 February 2017
There is no denying that a large portion of the Iranian economy, if not all of it, is steered by the government.
 

Metso, in collaboration with Rockwell Automation, introduces new predictive maintenance solution for mining industry

26 November 2018 Time: 21:57
Metso is expanding its digital Metso Metrics offering with the launch of a new predictive maintenance solution for mining equipment, aimed to help maximize the uptime and performance of comminution circuits.
 

Danieli Automation HiPAC implementation at Dongjixing Machinery Co. Ltd, China

7 November 2018 Time: 21:04
Only 7 days to replace and improve the cold reversing mill automation process control
 

Outotec outsourced some project engineering activities to Citec

18 April 2018 Time: 23:56
Outotec has finalized the negotiations with employee representatives announced on October 26, 2017 to outsource its German-based project engineering function to Citec. As a result of the negotiations, 59 Outotec employees have transferred to Citec as of April 1, 2018.
 

BHP beats Tesla, BMW among top holdings in new electric vehicle ETF

18 April 2018 Time: 23:29
The accelerating adoption of electric vehicles and energy storage technologies has been attracting new investors into the mining industry as demand for battery materials spike.
 

Metso signs landmark mining services agreement in Brazil

22 March 2018 Time: 12:22
Metso has signed a significant service agreement including refurbishment services for screening equipment used in mining applications, related spare parts and support.
 

Alexander Mining signs technical partnership deal with Turkish firm

14 March 2018 Time: 22:20
UK-based Alexander Mining has signed a commercial and technical partnership agreement with Turkish firm Proses Mühendislik, Danışmanlık, İnşaat ve Tasarım.
 

Many Toronto-listed miners don't disclose environmental and social info

23 January 2019 Time: 23:40
A report issued by the Amsterdam-based Responsible Mining Foundation reveals that many Toronto-listed junior and mid-tier mining companies do not properly disclose environmental, social and governance information related to their mine sites in Australia, Burkina Faso, Canada, the Ivory Coast, Liberia, Mali, Mexico, Kyrgyz Republic, and Suriname.
 

Chile's mining development corporation has a new boss

21 January 2019 Time: 16:42
Chile's President Sebastián Piñera announced this week the appointment of Robert Mayne-Nicholls as the new Vice President of the National Mining Company, known for its initials in Spanish Enami.
 

Combayo residents to protest against Minera Yanacocha in northern Peru

21 January 2019 Time: 16:26
Residents of the Combayo community, located in the Cajamarca department of northern Peru, announced a protest for February 6, 2019, against Minera Yanacocha, owned by Colorado’s Newmont Mining Corporation (NYSE: NEM), Peru’s Buenaventura, and the World Bank's International Finance Corporation.
 

Record $93B private capital flows into natural resources

19 January 2019 Time: 14:08
Private capital tracker Preqin says in an update that contrary to expectations, 2018 was another bumper year for the industry, particularly for natural resources investments.
 

China’s slowdown is miners' single biggest fear this year — report

18 January 2019 Time: 19:24
A worsening of the ongoing economic slowdown in China, consumer of about half the world’s commodities, is the single biggest challenge mining and metals companies face this year, a new survey of senior executives shows.
 

China Moly ups stake in giant Tenke copper mine to 80%

18 January 2019 Time: 19:08
China Molybdenum, which bought the giant Tenke Fungurume copper and cobalt mine from Freeport-McMoRan in 2016, is buying a holding company for $1.14 billion that will give it an 80%-stake in Democratic Republic of Congo’s operation.
Auto
 

World’s top maker of battery cells for EVs to open German plant in 2021

23 January 2019 Time: 23:28
China’s Contemporary Amperex Technology (CATL) plans to produce 60 gigawatt hours (GWh) beginning in 2026 from its battery factory in Germany, its first production site in Europe and the grounds of car giants BMW, Volkswagen and Daimler AG.
 

Vibratory or Belt? Conveyors for Every Angle

22 January 2019 Time: 14:34
A major player in the aluminum automotive components industry was frustrated by the capabilities of an integral part of their die casting process: the use of belt conveyors. Although extremely common to handle scrap material in die casting facilities, this type of conveyor in this environment is renowned for causing production shutdown and maintenance issues.
 

Electric Motorcycle Made in Gilan

20 January 2019 Time: 15:57
An electric motorcycle has been produced locally by the Khodadadi Technical Institute in Bander Anzali in Gilan Province.
 

Fives supports Daimler in the production of its new Mercedes-Benz compact electric vehicle in Hambach, France

19 January 2019 Time: 17:18
As part of its project to increase the production of electric vehicles in Europe, the car manufacturer Mercedes-Benz Cars has awarded Fives a contract to supply fluid filling machines at its Hambach plant in France.
 

Iran-Syria Joint Auto-Maker to Resume Production

14 January 2019 Time: 18:48
SIAMCO, a joint auto manufacturing company of Iran and Syria, will resume its production of mostly Iranian makes of cars, following the gradual restoration of peace in the Arab country.
 

Iran Gov’t Support for Startups in Automotive Sector

9 January 2019 Time: 06:40
Knowledge-based companies and startups active in the automotive sector will get a boost following an agreement signed between the Vice Presidential Office for Science and Technology, and local carmaker Iran Khodro.
ECONOMY
 

Official: Foreign Firms Eyeing to Purchase Iran's Oil

23 December 2018 Time: 18:11
Several foreign companies have shown interest in purchasing Iran's oil via the exchange market, Managing director of Iran's Energy Exchange Seyed Ali Hosseini said.
 

Trading over 313 thousand tonnes of various commodities on IME

19 November 2018 Time: 10:02
During weekdays ending up to November 15, approximately, 313,321 MT of commodities worth over $357 million were traded in Iran Mercantile Exchange.
 

IME Plans to Trade in Domestic Iron Ore Pellet, Concentrate

3 March 2018 Time: 21:15
Iran Mercantile Exchange plans to start trading in domestically produced iron ore pellet and concentrate, IME Managing Director Hamed Soltani-Nejad said on Monday.
 

IME’s Trade Value of Metal and Mineral Commodities, Up 21%

27 August 2017 Time: 14:00
Trade value of Metal and Mineral commodities in Iran Mercantile Exchange during last Iranian year(ended 20 March2017) indicating a 21.6% growth compared to the same period of the previous year, IME announced in its Quarterly newsletter(Spring 2017).
 

Metal and Mineral Product Spot Market Trading Ranked Top in IME

8 May 2017 Time: 04:15
Metal and mineral product spot market trading value and volume respectively ranked 1st and 2nd in Iran Mercantile Exchange, IME announced in its quarterly newsletter of winter 2017.
 

Metal and Mineral Products Trading Value Increased in Fall 2016

2 February 2017
IME‘s quarterly trading statistics in spot market shows increase in metal and mineral products trading value in fall 2016.
 

Iran to Sell Oil via Stock Exchange for 3rd Time

21 January 2019 Time: 15:50
The third stage of a plan to sell Iranian oil through the stock exchange will kick off this week, the oil minister said.
 

BHP, Rio, Vale stock bested Apple, Google, Facebook in 2018

28 December 2018 Time: 06:29
After a strong start to 2018, the value of the world’s largest mining stocks began turning down well before summer as worries about a China–US trade war continued to mount.
 

Tehran Stock Market Trading Rules Tweaked

30 November 2018 Time: 13:17
Tehran Stock Exchange and Iran Fara Bourse – an over-the-counter market for securities and other financial instruments in Tehran - announced changes in trading procedures as part of new directives.
 

Asia petrochemicals outlook, w/c Nov 19

19 November 2018 Time: 11:02
Supply of propylene, benzene and styrene monomer was expected to remain ample in the Asian petrochemical market this week, while the US-China trade tensions continues to cast a pall over high density polyethylene as orders for toys, plastic bags and packaging material are canceled.
 

Buckeye sells assets as Caribbean struggles: Update

2 November 2018 Time: 22:50
Buckeye Partners will sell some US pipelines and terminals and its interest in the Vitol-backed marine terminal businesses VTTI as its Caribbean segregated storage operations struggled.
 

PdV pays 2020 bond debt tied to Citgo

29 October 2018 Time: 23:09
Venezuelan state-owned PdV paid $949mn in principal and interest on a 2020 bond, the only one of its debt issuances that is not in default, financial sector executives told Argus.
 

Official: Iran’s Insurance Industry Unaffected by Sanctions

5 December 2018 Time: 20:14
Director of the Central Insurance of Iran said the country’s insurance industry has successfully avoided being affected by the anti-Iran sanctions.
 

Life Insurance in Iran Underdeveloped

25 November 2017 Time: 12:27
The share of life insurance in the overall portfolio of the Iranian insurance industry is meager, a fact that a board member of Middle East Insurance Company, which specializes in life insurance, ascribes to the lack of an insurance culture in the country.
 

Insurers Assessing Iran Quake Losses

20 November 2017 Time: 11:55
Iranian insurance companies have started evaluating the losses caused by the recent massive earthquake that shook the western Kermanshah Province near the Iraqi border and processing payment of compensations.
 

Iran's Mellat Insurance, SCOR Finalize Reinsurance Deal

24 October 2017 Time: 10:10
Mellat Insurance, affiliated with Bank Mellat, announced that it has signed a contract with France’s SCOR SE, based on which the major reinsurer will provide excessive loss coverage for Mellat.
 

Iran Insurance Growth at 20%

19 October 2017 Time: 13:03
The collective figure of Iranian insurance companies’ premiums during the first half of the current fiscal year to Sept. 22 has reached 166 trillion rials ($4.15 billion), which indicates an increase of 20% compared with the corresponding period of last year.
 

Insurance Industry’s Four-Year Outlook

8 October 2017 Time: 09:26
The president of the Central Insurance of Iran elaborated on the four-year outlook of Iran’s insurance industry through the end of President Hassan Rouhani’s second and final term in office.
 

Iran Ups Textile Exports by 40 Percent

26 December 2018 Time: 18:19
Iran has boosted its textile production by two percent and its exports by 40 percent in the first nine months of the current Iranian year (March 21, 2018-December 22, 2018), a senior Iranian industry official announced.
 

Availability of Metso's valve solutions extended with new distributor Grønbech & Sønner in Denmark

24 December 2018 Time: 01:42
Metso has signed a distributor agreement for its valve solutions with Grønbech & Sønner A/S in Denmark.
 

Int’l Exhibition of Transportation Industries Kicks off in Tehran

17 December 2018 Time: 06:03
The 3rd edition of the International Exhibition of Transportation and Related Industries opened in Tehran on Sunday morning with 200 Iranian and foreign firms and companies showcasing their latest achievements and products.
 

Iranian Construction Companies Showcasing Capabilities at International Build Asia Exhibition

16 December 2018 Time: 22:23
Iranian firms and companies active in the construction industry are staging their achievements, capabilities, and products at the 14th edition of International Build Asia Exhibition on building materials and construction machinery underway in the Pakistani port city of Kerachi.
 

Iran’s Renewable Energy Industry Growing Rapidly: Official

9 December 2018 Time: 20:12
An Iranian energy official highlighted a rapid growth in the number of renewable energy plants across the country, saying more and more capital is being funneled into the industry.
 

Knowledge-Based Companies to Offset Sanctions Effect on Air Industry

9 December 2018 Time: 19:16
The number of Iranian knowledge-based companies entering the air industry has increased in the past couple of years, Head of the Iranian Civil Aviation Organization (ICAO) Ali Abedzadeh said on Sunday, adding that the development will help the country to counter the effects of the US unilateral sanctions on Iran’s air industry.
 

Iran’s Central Bank to Launch Integrated Currency Market

23 January 2019 Time: 23:17
The Central Bank of Iran is going to launch a unified currency market that would handle the flow of money to and from banks and currency exchange stores.
 

CBI Governor: Japan Restarts Oil Imports from Iran

21 January 2019 Time: 16:21
Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati announced on Monday that Japan has resumed supply of crude from Iran.
 

Top Banker Upbeat on Durable Stability in Iran’s Currency Market

17 January 2019 Time: 18:35
The Central Bank of Iran would maintain control over the country’s currency market despite the hostile attempts by the US and its allies, the bank’s governor said.
 

Deputy Minister: Damascus Starts Strategic Economic Cooperation with Tehran

13 January 2019 Time: 16:29
Syrian Deputy Minister of Economy and Foreign Trade Rania al-Ahmad announced that Tehran and Damascus have already kicked off strategic economic cooperation based on a long-term "parent agreement" signed recently.
 

FM: Iran Positive About India's Investment in Petrochemical Industry

9 January 2019 Time: 22:12
Iranian Foreign Minister Mohammad Javad Zarif voiced his country's satisfaction over India's investment in Iran's petrochemical industry.
 

Iranian Bank to Open Branch in Mumbai Soon: Indian Minister

9 January 2019 Time: 06:48
India’s Road, Transport and Highways Minister Nitin Gadkari said on Tuesday that his country has allowed an Iranian bank to open a branch in Mumbai in a bid to facilitate bilateral trade between the two countries.
 

JSW Steel’s Plans to Invest in U.S. and India amid Steel Sector Revival

11 November 2018 Time: 02:22
According to the latest reports, Indian steel major, JSW Steel is all set to invest USD 150 million (amounting INR 1,000 crore) in the first phase to set up a new steel facility in Texas, U.S.
 

China Financing $5B in Iran Mine and Mining Industries Sector

16 August 2018 Time: 01:31
Iran mine and mining industries sector has attracted $5 billion of China’s $20billion finance in Iran concurrently with President Rouhani’s visit to China, Chairman of the board of IMIDRO announced in 9th International Infrastructure Investment and Construction Forum.
 

Private capital flowing into mining on track for record year

11 April 2018 Time: 01:16
Those worried that the positive momentum in the mining and metals sector is beginning to wane after two years of strong gains may find encouragement from a new survey by private capital tracker Preqin.
 

Qatari Port Authority in Iran to Expand Relations

11 April 2018 Time: 00:34
A delegation of high-ranking officials from Qatar’s Ministry of Transport and Communications as well as Qatar Ports Management Company arrived in Tehran on Monday to survey avenues of expanding cooperation and increasing bilateral trade with their Iranian counterparts.
 

China Leads Worldwide Renewable Investment With $126b

9 April 2018 Time: 01:04
China invested a total of $126.6 billion in renewable energy in 2017, the highest figure ever and accounting for 45% of global green energy investment, the "Global Trends in Renewable Energy Investment 2018" report showed.
 

Foreign Investment Trickles Into Iran’s Capital Market

10 March 2018 Time: 22:41
Total capitalization of Iran's capital market, including equity and fixed-income, is currently standing at around $130 billion.
 

Iran Railroad Expansion: Accomplishments, Grand Plans

18 April 2018 Time: 17:13
In the last few years, Iran has demonstrated its strong political will to reemerge as a regional transportation hub.
 

Narrowing Budget Deficit Ups Development Spending by 70%

11 April 2018 Time: 00:29
Iran's government spent 316.3 trillion rials ($5.27 billion) on development projects in the first 11 months of the last fiscal year (March 21, 2017-Feb. 19), 70.1% more than the similar period of the year before.
 

$41m in Securities Sold to Finance Iran's Rail Project

20 March 2018 Time: 09:59
The Economy Ministry sold 2 trillion rials ($41.6 million) of Islamic bonds on Iran Fara Bourse on Sunday to finance the establishment of a railroad connecting three major cities.
 

Chinese Company to Supply 630 Cars for Tehran Subway

14 March 2018 Time: 22:45
China Railway Rolling Stock Corporation Changchun Railway Company (CRRC CRC) and Tehran Wagon Company have won the tender to build and supply 630 cars for Tehran’s Subway on Wednesday.
 

Hot Mix Asphalt Plant Established in Qazvin

14 March 2018 Time: 22:42
A hot mix asphalt production plant has been established in Qazvin Province’s Alamut region, Managing Director of Qazvin Roads and Urban Development Organization Masoud Haqlotfi said.
 

China Steps Up Rail Cooperation With Iran

10 March 2018 Time: 22:30
In line with its ambitious railroad expansion plans stipulated in Iran's Sixth Five-Year Development Plan (2017-22), the Iranian government is strengthening its cooperation with China.
 

Germany Plans to Sanction Iran's Mahan Air

22 January 2019 Time: 13:14
Germany plans to ban Iranian airline Mahan Air from its airports, media reports said on Monday, in an escalation of sanctions adopted by the European Union against Iran.
 

Japan Refiners Load Iran Crude

22 January 2019 Time: 13:05
Fuji Oil, jointly with Showa Shell, has loaded the first Iranian crude oil cargo being lifted by Japanese refiners since the country won a 180-day waiver from the US to import oil from Iran, a Fuji Oil official told S&P Global Platts Monday.
 

Iran, China Discuss Transportation

13 January 2019 Time: 16:38
Experts from Iran and China convened in the Southern Chinese city of Iowa on Sunday to exchange views on challenges and opportunities of the two nations in developing cooperation in maritime and railway transportation.
 

Iran to Ease Trade Flow to Afghanistan

9 January 2019 Time: 22:05
Tehran will reduce or remove motorway tolling between Iran and Afghanistan to increase bilateral trade, Head of Road Maintenance and Transportation Organization Abdulhashem Hassannia said, adding that improving shared roads and transportation corridors between the two countries should be top on agenda.
 

Iranian Bank to Open Branch in Mumbai Soon: Indian Minister

9 January 2019 Time: 06:48
India’s Road, Transport and Highways Minister Nitin Gadkari said on Tuesday that his country has allowed an Iranian bank to open a branch in Mumbai in a bid to facilitate bilateral trade between the two countries.
 

New Delhi Starts Operating Chabahar Port

8 January 2019 Time: 17:09
India’s Shipping Ministry officially announced that the country has officially taken over the operations of strategic Chabahar port in the Sistan and Baluchistan province of Iran's Southeastern coast, during the Trilateral Agreement meeting in the port on December 24.
GEOLOGY
 

Human activity creates 208 new mineral species

28 December 2018 Time: 06:54
For the first time, more than 200 mineral species have been identified that originated either principally or exclusively due to human activities – primarily as a result of mining.
 

3D visualization to ramp up speed, accuracy on drilling projects

7 November 2018 Time: 11:21
Seequent, a developer of visual data science software and IMDEX, specializing in subsurface intelligence solutions, today announced an partnership to deliver a real-time 3D visualisation solution for the mining and exploration industry, aimed to improve the speed and accuracy of decision-making for drilling projects.
 

Voyager 2 Leaving Solar System

8 October 2018 Time: 14:45
Voyager 2, the spacecraft, launched in 1977, is approaching the edge of the solar system, according to a NASA statement.
 

30% Rise in Mineral Exploration Licences

11 December 2017 Time: 19:32
The Ministry of Industries, Mining and Trade issued 475 Mineral Exploration licences in the first six months of the current fiscal year (March 21-Sept. 22), indicating a 30.5% growth compared with last year’s similar period.
 

IMIDRO Announced Location of 15 Exploration Blocks

11 December 2017 Time: 19:30
IMIDRO announced location of 15 exploration blocks in order to assist applicants to be more familiar with these zones.
 

IMIDRO Calls for Attracting Investors to Participate in 15 Exploratory Blocks

11 December 2017 Time: 19:26
IMIDRO intends to attract private sector investors for participating in exploration and utilization of 15 exploratory blocks in Abadeh-Jazmourian Area.
ENVIRONMENT
 

Many Toronto-listed miners don't disclose environmental and social info

23 January 2019 Time: 23:40
A report issued by the Amsterdam-based Responsible Mining Foundation reveals that many Toronto-listed junior and mid-tier mining companies do not properly disclose environmental, social and governance information related to their mine sites in Australia, Burkina Faso, Canada, the Ivory Coast, Liberia, Mali, Mexico, Kyrgyz Republic, and Suriname.
 

China’s Tangshan City Orders New Production Cuts from 8 January 2018

15 January 2019 Time: 20:37
SteelMint has heard from its sources that, North China's Tangshan, the country's largest steel-producing city has launched ‘Level II Emergency Response to Heavy Pollution Weather’.
 

China Plans to Adopt More Stringent Anti-Pollution Measures in 2019

8 January 2019 Time: 02:23
Last week, the Chinese Ministry of Ecology and Environment (MEE) announced in a statement that it will adopt more targeted and efficient policies as part of its campaign against pollution in the year 2019.
 

Mercury limits on coal plants no longer 'appropriate,' EPA Says

30 December 2018 Time: 06:24
The Trump administration is proposing that limits on mercury pollution from power plants are too costly to justify and no longer “appropriate and necessary,” a finding that could make it difficult to impose more stringent curbs in the future.
 

IMIDRO's Azerbayjan Steel Bagged CE Certificate

7 December 2018 Time: 00:58
According to IMIDRO, Azerbayjani steel has bagged CE certification from Europe in order to export manufactured products to other countries, as well as to promote the brand and create an additional competitive advantage in the steel sector of the country.
 

Have Chinese Steel Prices Bottomed Out?

29 November 2018 Time: 00:55
The steel market in the fourth quarter may be more perplexed.
ENERGY
 

Larijani Highlights US Failure to Cut Iran’s Oil Exports to Zero

23 January 2019 Time: 23:22
Iranian Parliament Speaker Ali Larijani highlighted the futility of US plots to hit the Islamic Republic’s economy and said Washington has failed in its attempts to cut Tehran’s oil exports down to zero.
 

Iran-Switzerland Payments Channel Ready: Official

23 January 2019 Time: 23:11
The head of Iran-Switzerland Joint Chamber of Commerce announced that a payments channel has been developed and prepared to be inaugurated in a bid to boost bilateral trade between the two countries.
 

New Oilfield Discovered in Southwest Iran

23 January 2019 Time: 23:06
Iran has discovered a new oilfield near the southwestern city of Abadan, Oil Minister Bijan Namdar Zanganeh said Wednesday.
 

Oil, Gas Executives Expect Spending Boost

23 January 2019 Time: 22:54
The majority of senior energy industry executives expect to maintain or increase spending this year to meet demand for oil and gas after years of austerity, a survey by DNV GL shows.
 

IMF Cuts 2019, 2020 Oil Price Forecast

23 January 2019 Time: 22:14
The International Monetary Fund Monday cut its forecast for average oil prices to just below $60 per barrel in 2019 from close to $70 per barrel in its last World Economic Outlook in October on concerns about global economic growth.
 

Japan Refiners Load Iran Crude

22 January 2019 Time: 13:05
Fuji Oil, jointly with Showa Shell, has loaded the first Iranian crude oil cargo being lifted by Japanese refiners since the country won a 180-day waiver from the US to import oil from Iran, a Fuji Oil official told S&P Global Platts Monday.
 

Pakistan to Face Energy Crisis without Iran’s Gas

22 January 2019 Time: 13:21
Pakistani policymakers have reached the conclusion that the country will face serious energy problems in 2020s without Iran’s gas supply.
 

Int’l Energy Expo to Kick Off on Iran’s Kish Island Monday

21 January 2019 Time: 15:46
The 15th edition of the Kish International Energy Exhibition will open on Iran’s southern island of Kish on Monday with representatives of 11 foreign countries in attendance.
 

Saudis Plan to Set Up Regional Gas Grid

21 January 2019 Time: 15:22
Saudi Arabia is discussing the possibility to have one interconnected natural gas grid in the region that would exchange gas and export the kingdom’s gas to the United Arab Emirates, Kuwait, and Oman, Saudi Arabia’s Energy Minister Khalid al-Falih said on Tuesday.
 

Global Gas Production Reaches Highest Growth

20 January 2019 Time: 15:49
Global gas production grew at a record clip in 2018, driven by North America.The industry achieved a net production increase of 164 billion cubic meters, which represents the highest production growth since 2010, according to research by Rystad Energy.
 

Kish Gas Field Development Awarded to POGC

14 January 2019 Time: 18:15
The CEO of Pars Oil and Gas Company (POGC) said his company was officially awarded development project of Kish Gas Field.
 

1st South Pars Phase 22-24 Platform Online

13 January 2019 Time: 18:12
Production of rich gas has started from the first offshore platform of phase 22-24 of the supergiant South Pars gas field, operation of the project said.
 

Venezuela refinery runs shrink to 25pc: PdV data

2 October 2018 Time: 19:46
Venezuelan state-owned PdV utilized less than a quarter of the nameplate processing capacity at its main oil refineries in July, reflecting a shrinking pool of domestic feedstock and chronic equipment breakdowns.
 

Gas Flaring Cut by 70% in South Pars Refinery

10 March 2017 Time: 14:54
South Pars Oil and Gas Company (SPOGC) has curbed the flaring of natural gas at the so-called 3rd South Pars refinery in the city of Asalouyeh, Bushehr Province, by 70% in the present fiscal year (ends March 20), the refinery's director said on Wednesday.
 

Aramco Buys $7b Stake in Petronas

3 March 2017 Time: 14:40
Saudi oil giant Aramco will buy an equity stake in Malaysian firm Petronas' major refining and petrochemical project, pumping in $7 billion in its biggest downstream investment outside the kingdom, the companies said on Tuesday.
 

Iran Signs $2b Refinery Expansion Deal With Daelim

8 January 2017
Tehran has finalized an agreement worth $2 billion (2.3 trillion won) with South Korea's Daelim Corporation to renovate and expand a refinery in Isfahan Province, head of the National Iranian Oil Refining and Distribution Company, Abbas Kazemi, said on Friday.
 

Official: Latest Technical Savvy Needed for Petchem Development

16 January 2019 Time: 22:49
An official with the National Petrochemical Company (NPC) said the industry needed the state-of-the-art technologies for development.
 

IOCL and HMEL Increase Pet Coke Price in line with RIL

15 January 2019 Time: 20:29
Indian Oil Corporation Ltd. (NSE: IOC), the country's second-largest producer of petroleum coke, has increased its pet coke prices from various refineries with effect from 3 Jan'19.
 

Iran Exports $9bln Petrochemical Products in 9 Months

13 January 2019 Time: 16:55
Iran’s National Petrochemical Industries Company announced that the country has exported 40.5 million tons of petrochemical products worth $8.946 billion in the first three quarters of the current calendar year (started on March 21, 2018).
 

FM: Iran Positive About India's Investment in Petrochemical Industry

9 January 2019 Time: 22:12
Iranian Foreign Minister Mohammad Javad Zarif voiced his country's satisfaction over India's investment in Iran's petrochemical industry.
 

Sri Lanka announces Q1 2019 fertilizer prices

7 January 2019 Time: 16:36
The Sri Lankan government has announced the maximum price that private-sector importers can pay for imported cargoes for the first quarter of 2019.
 

CEO: Sanctions No Hurdle to Petchem Productivity

6 January 2019 Time: 16:03
The CEO of the National Petrochemical Company (NPC) said the sanctions and the current economic pressure on Iran could not throw a wrench in the productivity of petrochemical plants in the country.
 

India: Conventional Power Generation Rebounds in Dec'18

17 January 2019 Time: 00:11
Indian power generation from conventional sources have recorded slight growth on the month after witnessing drastic fall in Nov'18, but the rate of output has remain almost flat m-o-m in Dec'18.
 

Tehran, Kabul to Expand Energy, Water Cooperation

7 January 2019 Time: 15:56
Iranian Energy Minister Reza Ardakanian, in a meeting with Afghanistan's Deputy Minister of Energy and Water Khan Mohammad Takal, exchanged views on ways to bolster bilateral cooperation in the water and energy sectors.
 

Iran, Afghanistan Discuss Helmand River Issue

5 January 2019 Time: 18:59
Iranian and Afghan commissaries held the 19th meeting of their joint committee in Tehran on Saturday to address the issue of the water right of the Helmand River.
 

President Rouhani Calls for Cut in Water Consumption

31 December 2018 Time: 20:51
Iranian President Hassan Rouhani said on Monday that water and electricity bring security for the country, and called for a 10 to 20 percent reduction in agricultural consumption of water with the use of new methods.
 

Hyflux suspends contract for desalination package in Iran

15 December 2018 Time: 22:21
HYFLUX has suspended a contract for a seawater reverse osmosis desalination package in Iran, which the company said on Friday is expected to have a material adverse effect on its financial performance. NAVIN SREGANTANnavinsre@sph.com.sg@NavinSreBT
 

Iran to Open Largest Desalination Plant

11 December 2018 Time: 15:54
First Vice-President Eshaq Jahangiri is slated to attend the opening ceremony of the largest desalination facility of Iran, with the total capacity of 100,000 cubic meters/day, in Hormozgan province’s capital city of Bandar Abbas on Wednesday.
 

Iran Keen to Develop Caspian Reserves

11 April 2017 Time: 01:29
The National Iranian Oil Company is eager to develop offshore oil and gas fields in the Caspian Sea in collaboration with foreign majors.
 

Ten South Pars Platforms Under Construction

13 February 2017
Iran Marine Industrial Company, Sadra, is building 10 offshore platforms to develop the remaining phases of the giant South Pars Gas Field in the Persian Gulf, the deputy for development and engineering at the National Iranian Oil Company said.
 

Egypt Signs $220m Energy Deals

30 December 2016
Egyptian Oil Minister Tarek El Molla has signed three offshore oil and gas exploration and production deals worth a total of at least $220 million with France's Total, Britain's BP and Italian oil major ENI's Egyptian subsidiary IEOC, the ministry said on Wednesday.
 

Renewed Interest in Offshore Exploration

28 December 2016
Oil exploration in the Persian Gulf is now on the agenda of the National Iranian Oil Company's exploration department that is why "Sahar 1" drilling rig will be employed to expand explorations in the region, Saleh Hendi, director of drilling operations at NIOC said Monday.
 

Standard Equipment to Help Cut Offshore Drilling Costs

27 December 2016
The global offshore oil industry could cut exploration costs by more than 30% if it would just agree to use standardized equipment, according to the International Marine Contractors Association (IMCA).
 

India: Conventional Power Generation Rebounds in Dec'18

17 January 2019 Time: 00:11
Indian power generation from conventional sources have recorded slight growth on the month after witnessing drastic fall in Nov'18, but the rate of output has remain almost flat m-o-m in Dec'18.
 

Iran Further Increasing Power Capacity

14 January 2019 Time: 18:40
The steam unit of a combined cycle power plant in Iran’s central city of Kashan was opened by First Vice-President Eshaq Jahangiri, in a bid to further increase the electricity capacity of the region.
 

Renewables, Natural Gas to Lead New US Electric Capacity

14 January 2019 Time: 07:25
Wind, natural gas, and solar capacity will lead the new electricity capacity in the United States this year, while coal-fired generation will account for more than half of scheduled capacity retirements, the US Energy Information Administration said in its latest inventory of electric generators.
 

Official: Iran’s Bushehr Nuclear Power Plant Supplying Nat’l Grid Steadily

13 January 2019 Time: 16:17
An Iranian official said the country’s nuclear power plant near the southern port city of Bushehr has supplied around 5.5 billion kilowatt-hours (kWh) of electricity to the national grid over the past eight months.
 

Pakistan Eyeing Iran’s Help in Infrastructure Development

5 January 2019 Time: 18:39
Pakistan’s Minister for Communication and Works Department of Khyber Pakhtunkhwa Province Akbar Ayub Khan, in a meeting with Consul General of Iran in Peshawar Mohammad Baqer Beigi, expressed his country’s desire to benefit from Iran’s vast experience to develop the country’s infrastructure.
 

Share of Renewable Energy in Mongolia Reaches Record High

5 January 2019 Time: 06:22
The share of renewable energy in Mongolia's total electricity production has reached a record high in 2018, local media reported Monday.
 

Larijani Highlights US Failure to Cut Iran’s Oil Exports to Zero

23 January 2019 Time: 23:22
Iranian Parliament Speaker Ali Larijani highlighted the futility of US plots to hit the Islamic Republic’s economy and said Washington has failed in its attempts to cut Tehran’s oil exports down to zero.
 

EU Nations, Mogherini Not to Attend Washington’s Anti-Iran Summit

21 January 2019 Time: 15:57
A US effort to enlist Europe in its pressure campaign against Iran faced a setback after officials said ministers from several European Union members and EU foreign policy chief Federica Mogherini will skip a summit organized by Washington on Iran and the Middle East in Poland.
 

Iran’s Withdrawal from JCPOA Not in Europe’s Interest: Kharrazi

17 January 2019 Time: 18:58
Head of Iran’s Strategic Council on Foreign Relations Kamal Kharrazi said the country’s possible pullout from the 2015 nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA) would not be in the interest of European countries.
 

Chile nuclear watchdog weighs probe into fraud over lithium exports – documents

17 January 2019 Time: 16:40
Chile’s nuclear watchdog CCHEN is considering an investigation into potential fraud after an audit found that the agency for decades failed to properly record exports of ultralight battery metal lithium, documents obtained by Reuters show.
 

EU Lacks Needed Structures to Develop SPV: Iran

15 January 2019 Time: 13:07
Iranian Foreign Ministry Spokesman Bahram Qassemi said the European Union lacks the structures needed to create the special purpose vehicle (SPV), the mechanism aimed at facilitating trade with Iran in the US sanctions era.
 

Iran to Launch Nuclear Emergency Center in Coming Months: Official

14 January 2019 Time: 18:09
An Iranian deputy health minister announced that the country will inaugurate a nuclear emergency medical center in the southern port city of Bushehr in the first half of the next Iranian year, which will begin on March 21.
 

Iran Vows to Win Share in Global Biotechnology Market

20 January 2019 Time: 16:22
Chairman of the Biotechnology Development Council Mostafa Qaneie said on Sunday that Iran is planning to take up to 3% market share of global biotechnology industry, adding that the country is enjoying an asset of 15,000 biotechnology graduates to reach this goal.
 

Renewables, Natural Gas to Lead New US Electric Capacity

14 January 2019 Time: 07:25
Wind, natural gas, and solar capacity will lead the new electricity capacity in the United States this year, while coal-fired generation will account for more than half of scheduled capacity retirements, the US Energy Information Administration said in its latest inventory of electric generators.
 

Iran, Slovakia to Boost Cooperation on Renewable Energy

7 January 2019 Time: 16:29
A host of Slovakian business activists visiting Tehran, in a meeting with Deputy Chairman of the Iranian Parliament’s Energy Commission Hossein Amiri Khamkani, reassured that they are resolute to strengthen cooperation on renewable energies.
 

Share of Renewable Energy in Mongolia Reaches Record High

5 January 2019 Time: 06:22
The share of renewable energy in Mongolia's total electricity production has reached a record high in 2018, local media reported Monday.
 

New Nuclear Reactors to Come on Stream in Europe

5 January 2019 Time: 06:09
Two third-generation nuclear power reactors will begin operation this year in Finland and France, after years of delays and budget overruns, S&P Platts’ reported.
 

Iran to Build 1,000 MW New Solar Farm

4 January 2019 Time: 20:54
The largest-ever solar farm of Iran will be constructed in a 2,000-hectares land in Markazi province to generate as much as 1,000 megawatts of electricity.
 

Danish Firm Will Join Japan Offshore Wind Projects

21 January 2019 Time: 15:31
Tokyo Electric Power Company Holdings has signed a memorandum of understanding with Danish energy business Orsted to work together on offshore wind projects.
 

Sportswear Giant Signs Second Wind Power Deal

21 January 2018 Time: 23:24
Sportswear giant Nike has signed its second major wind power agreement with Avangrid Renewables. The deal is for 86 megawatts of wind power from the Karankawa Wind Farm in Bee and San Patricio counties in Texas.
 

Google to Meet All Energy Needs From Clean Power

2 December 2017 Time: 12:55
Google, the biggest corporate buyer of renewable energy, is buying even more—536 megawatts of wind power from four power plants.
 

Norwegians Discussing Wind, Solar Joint Deals with Iran

24 October 2017 Time: 10:18
In line with efforts to enhance the country's renewable power production capacity, preliminary talks are underway with Norway’s Norsk Vind Energi to construct a 200-megawatt wind farm in Iran, the deputy energy minister for international affairs said.
 

Korean company to invest in construction of 3 wind farms in Iran

26 September 2017 Time: 09:46
A South Korean company is to invest in construction of three wind farms in the south-eastern Iranian province of Sistan-Baluchestan.
 

German Co. Signs $108m MoU to Build Solar, Wind Plants

20 December 2016
Germany’s Medio Energy signed a memorandum of understanding for the construction of a wind and a solar power plant in south Iran.
 

Availability of Metso's valve solutions extended with new distributor Grønbech & Sønner in Denmark

24 December 2018 Time: 01:42
Metso has signed a distributor agreement for its valve solutions with Grønbech & Sønner A/S in Denmark.
 

Iranians Capable of Producing 80 Percent of Oil Equipment

18 April 2018 Time: 20:47
Domestic manufacturers are capable of providing technical services and producing 80% of advanced oil equipment to develop downstream and midstream projects that will be tendered by the Oil Ministry soon, the head of the Society of Iranian Petroleum Industries Equipment Manufacturers said.
 

Metso's valves service center in Turkey relocates to be closer to the customers

4 March 2018 Time: 01:09
Metso's valves service center in Turkey has relocated to Söke in the Aegean region to be close to important customer hubs. The new location and larger facilities strengthen Metso's presence and ensure better service availability for customers in an area that has lacked a service center of this volume.
 

Microsoft Invests in Singapore Renewables

3 March 2018 Time: 21:19
Following in Apple's footsteps, Microsoft has purchased 100% of the renewable output from Sunseap Group's new 60-megawatt solar project and will use it to power datacenter operations in Singapore.
 

Plan to Upgrade SP Power Station

15 January 2018 Time: 02:24
Upgrading the South Pars Gas Field’s central power plant to the combined-cycle system has been planned, which can use both gas and steam to generate electricity, the director of production at Pars Oil and Gas Company said.
 

Norway’s Saga Signs $2.9b Iran Solar Power Venture

19 October 2017 Time: 13:07
Norway’s Saga Energy signed a €2.5 billion ($2.94 billion) deal in Tehran on Tuesday to build solar power plants in Iran, the company said, just days after US President Donald Trump unveiled a more confrontational policy toward Tehran.
 

Tehran, Vienna to Broaden Energy Cooperation

18 January 2019 Time: 21:51
Representatives from Iranian and Austrian energy companies reached news agreements in a 4-day meeting in Vienna where they held the 5th joint workgroup of the two countries, said Iranian Foreign Ministry Spokesman Bahram Qassemi on Friday.
 

India: Conventional Power Generation Rebounds in Dec'18

17 January 2019 Time: 00:11
Indian power generation from conventional sources have recorded slight growth on the month after witnessing drastic fall in Nov'18, but the rate of output has remain almost flat m-o-m in Dec'18.
 

Iran Further Increasing Power Capacity

14 January 2019 Time: 18:40
The steam unit of a combined cycle power plant in Iran’s central city of Kashan was opened by First Vice-President Eshaq Jahangiri, in a bid to further increase the electricity capacity of the region.
 

Tehran, Kabul to Expand Energy, Water Cooperation

7 January 2019 Time: 15:56
Iranian Energy Minister Reza Ardakanian, in a meeting with Afghanistan's Deputy Minister of Energy and Water Khan Mohammad Takal, exchanged views on ways to bolster bilateral cooperation in the water and energy sectors.
 

Commodities cap another dismal year as '19 offers tough test

2 January 2019 Time: 06:35
Commodities had another poor year in 2018, hurt by substantial losses in energy and base metals, and raw materials will head into January burdened by concerns global economic growth is poised to slow.
 

Energy Minister Highlights Level of Iran-Russia Mutual Understanding

3 December 2018 Time: 21:00
Iranian Energy Minister Reza Ardakanian stressed that Iran and Russia that are both facing Washington’s sanctions have a lot of common views and mutual understanding.
Housing & Building
 

IDRO to Invest $18 Million in Stone Paper Factory Construction

28 January 2018 Time: 21:03
The Industrial Development and Renovation Organization of Iran will be investing in the construction of a stone paper factory in the city of Kharameh in the southwestern Fars Province with a production capacity of 20,000 tons per year.
 

Iran Holds 3b Tons of Decorative Stone Reserves

14 January 2017
Iran holds 3 billion tons of decorative stone reserves, says an executive of Iran Stones Association.
 By the Presence of International Mining Delegates:

The International Mining Trade Fair Has Just Opened Up

5 November 2016
Tehran is hosting over 300 national and foreign companies in the International Trade Fair for Construction Machinery and Vehicles, Mining, Building Material Machines and Natural Stone Industry at Tehran International Exhibition Center
 

Stone Exporters Hit Rock Bottom

21 July 2016
Despite a 20-year-long record in the business and access to sizable and high-quality stone reserves, Iranian stone exporters have not yet been able to cross the $200 million mark in exports, the head of Stone Association of Iran said.
 

Tehran to Host Stone, Mining Exhibition

30 June 2016
The International Exhibition of Stones, Mining, Machinery and Related Industries will be held in Tehran’s International Fairground on July 18-21, 2016.
 

Exports to Pakistan Rise by 58% in 8 Months

12 December 2018 Time: 06:47
The volume of Iran’s non-oil goods exported to Pakistan in the first 8 months of the current Iranian calendar year (March 21- November 22) has registered a 58% increase in comparison with the same period last year, reaching a total sum of $860 million worth of commodity.
 

Iran, Iraq in Talks to Ink Currency Swap Deal: Official

18 November 2018 Time: 18:51
Chairman of Iran-Iraq Chamber of Commerce Yahya Ale-Ishaq said the two countries are in negotiations to finalize a currency swap agreement in a bid to boost trade ties between the two neighboring countries.
 

Concrete, Mortar Mixers Imported

10 October 2017 Time: 16:16
Concrete and mortar mixers weighing more than 711 tons and worth 51.55 billion rials ($1.6 million) were imported into Iran during the five months to Aug.
 

Hitachi Launches After Sales Services in Iran

8 May 2017 Time: 04:38
Japan’s Hitachi Construction Machinery Company has launched an after sales service in Iran in collaboration with industrial vehicle holding firm ‘Arian Sarmaie’.
 

FATA's ECO_Rec Sand Regeneration System in Bulgaria

30 October 2018 Time: 18:35
FATA’s fully automated Eco-Rec Sand Regeneration System can save significant sums on operating costs.
 

BMI Bonds to Boost Housing Affordability

11 April 2018 Time: 00:31
Bank Melli Iran, the nation’s biggest bank, is set to issue its first-ever housing bonds soon and experts believe that will lead to a drop in the price of bonds in the over-the-counter Fara Iran Bourse.
 

Hot Mix Asphalt Plant Established in Qazvin

14 March 2018 Time: 22:42
A hot mix asphalt production plant has been established in Qazvin Province’s Alamut region, Managing Director of Qazvin Roads and Urban Development Organization Masoud Haqlotfi said.
 

Deutsche Messe Expands to Iran

10 March 2018 Time: 21:48
Deutsche Messe brings its woodworking industry expertise to Iran.
 

Maskan to Tap Capital, Leasing Markets

30 January 2018 Time: 12:21
Employing the potentials of the capital market and leasing facilities will be two of the new approaches of Bank Maskan, the agent bank of the housing sector, in the next fiscal year (starting March 21) to finance the ailing sector as it struggles to come out of the stagnating waters.
 

Ministry Forecasts Stable Housing Outlook

20 January 2018 Time: 15:57
The Iranian housing sector is witnessing a notable increase in residential deals in a sign of imminent recovery, but a deputy roads and urban development minister said this will not translate into higher prices.
Sciences
 

Google Releases iPhone Hacking Tool

16 December 2017 Time: 12:02
Google released a tool that allows security researchers, and other developers, to hack into iOS 11.1.2, software that could lead to a jailbreak for devices running that OS version.
 

Miners’ 13 Research Priorities to Benefit Exemption of State Law

30 December 2015
Administrative regulation related to applied research priorities that makes miners exempted from 10 percent of the state law announced by the mining deputy of Ministry of Industry ,Mine and Trade (Iran).
 

ERG and the GOSH arrange a visit of a well-known UK oncologist Dr Michalski to Astana

28 November 2015
The Slogan of Eurasian Resources Group is " Experience, Responsibility and Legacy"
 

Iran Vows to Win Share in Global Biotechnology Market

20 January 2019 Time: 16:22
Chairman of the Biotechnology Development Council Mostafa Qaneie said on Sunday that Iran is planning to take up to 3% market share of global biotechnology industry, adding that the country is enjoying an asset of 15,000 biotechnology graduates to reach this goal.
 

VP: Iran’s IT Strat-Ups Top in Region

1 January 2019 Time: 16:55
Iranian Vice-President for Science and Technology Sorena Sattari said that the growth of IT start-ups in his country is unparalleled in the whole region, highlighting that the current administration is determined to strengthen knowledge-based economy.
 

UK plan to roll out smart meters by 2020 will not be met

23 November 2018 Time: 20:33
The UK government's plan to install smart meters in every home by 2020 will not be met because it has underestimated the time it takes to install and the technical standards for the second generation of smart meters, the National Audit office said Friday.
 

Cashless Payment Service Rolling Out in Kish Island

14 November 2018 Time: 14:25
The ICT company FANAP is rolling out a cashless payment service in Kish Island off the Persian Gulf that makes use of QR Codes and NFC payment systems.
 

Aid for Iranian Nano-Tech Researchers

8 October 2018 Time: 17:31
Many young researchers cannot afford the high cost of getting the results of their works published on globally recognized scientific journals like Elsevier or Nature. To provide researchers in need of help in getting published in such journals, Iran Nanotechnology Initiative Council has allocated 10 billion rials
 

Samsung Launches S9 Presale in Iran

4 March 2018 Time: 17:29
Samsung’s representative in Iran started the presale of its latest flagship handset Galaxy S9 series in the country on Feb. 29.
 

Tehran, Dublin to Boost Cooperation on Technology, Agriculture

18 January 2019 Time: 21:57
Iran’s Ambassador to Dublin Masoud Eslami, in a meeting with Irish Parliament Speaker Sean O’Farrel, said that Tehran is ready to expand all-out relations with Dublin, specially on areas of technology and agriculture.
 

VP: Iran’s IT Strat-Ups Top in Region

1 January 2019 Time: 16:55
Iranian Vice-President for Science and Technology Sorena Sattari said that the growth of IT start-ups in his country is unparalleled in the whole region, highlighting that the current administration is determined to strengthen knowledge-based economy.
 

A Yearly Review of Science and Tech 2018

31 December 2018 Time: 06:21
Technology cold war. Decoupling. Weaponized interdependence. Whatever you call it, the US-China science and technology relationship is being violently rewritten.
 

Iran Says US Sanctions Can Hurt American Tech Companies

24 December 2018 Time: 06:34
Citing the new US sanctions against Tehran, workplace chat app Slack banned Iranian users on Wednesday. A deputy director of Iran IT Organization told the Financial Tribune that such unprofessional moves plus the unending hostility will likely compel users across continents to think twice before subscribing to American companies involved in and living off such business.
 

Iran Calls for Int'l Regulations on Internet to Confront US Unilateralism

19 December 2018 Time: 06:35
Iran's Communications Minister Azari Jahromi stressed the need for the world states to set regulations and rules for the cyberspace to stop the United States' continued hegemony and unilateralism.
 

Iran, S. Africa Hold Joint Technology, Business Forum

12 December 2018 Time: 06:54
The joint forum on business and technology cooperation between Iran and South Africa started in South Africa's largest city of Johannesburg on Tuesday with a large delegation of business leaders and CEOs from Iran attending the event.
 

One more step towards Industry 4.0

13 January 2017
Danieli Automation acquires Telerobot Labs
 

MSC Selected Asia’s 11th Most Admired Knowledge Enterprise

11 December 2017 Time: 21:34
Iran’s largest steelmaker, Mobarakeh Steel Company, has been selected as Asia’s 11th Most Admired Knowledge Enterprise in 2017.
 

TATA Steel Produces Ultra-Clean Steels with VIM X-EED® Unit from SMS Group

31 March 2017 Time: 00:18
Tertiary metallurgy center makes speciality steels for the aerospace industry
 

Tehran Ready to Share Nuclear Knowhow

30 December 2016
The Atomic Energy Organization of Iran said sharing nuclear knowhow with neighboring countries will pave the way for regional development.
 

Iran Ready to Transfer Technical Know-how of Rare Earth Elements

18 July 2016
Head of Iranian Mineral Processing Research Center(IMPRC) announced that IMPRC is ready to transfer technical know-how of rare earth elements to other countries.
 

Iran, Denmark Cooperation in Knowledge Transfer

13 October 2015
Ehdasse Sanat and FLSmidth companies signed Memorandum of Understanding aimed to cooperation in technical knowledge transfer in cement industry, training experts and joint venture.
 

Iran University Students Develop Solar Car

8 February 2017
The preliminary design of a solar car named 'Sepehr' (Sky) will be unveiled at the Mechanical Engineering Faculty of Iran University of Science and Technology (IUST) this week.
 

POSTECH was ranked 8th best university in Asia by Times Higher Education

3 July 2016
In the Asia University Rankings, THE employed the same performance indicators used for its World University Rankings ㅡ 13 indicators in 5 areas including Teaching, Research, Citations, International Outlook and Industry Income ㅡ but more weight was given this year to the industry income indicators as industry-academia cooperation has become a crucial issue to universities.
 

Invitation for Collaboration in Mineral Research Projects

26 October 2016
Chairman of the board of IMIDRO invited the region countries to collaborate in mineral processing research projects.
 

Tehran Hosts Mineral Processing Symposium

22 October 2016
The First International Mineral Processing Activists Symposium (IMPAS 2016) is scheduled to be held in Tehran on October 25-26.
 

IMPRC to Hold 1st International Mineral Processing Activists Symposium on October 25

20 October 2016
1st International Mineral Processing Activists Symposium (IMPAS 2016) & 3rd Workshop of Iron Ore and Base Metals Processing (ECO Experts) will be held by IMPRC on 25-26 October, IMPRC administrator announced.
 

POSTECH was ranked 8th best university in Asia by Times Higher Education

3 July 2016
In the Asia University Rankings, THE employed the same performance indicators used for its World University Rankings ㅡ 13 indicators in 5 areas including Teaching, Research, Citations, International Outlook and Industry Income ㅡ but more weight was given this year to the industry income indicators as industry-academia cooperation has become a crucial issue to universities.
 

IMIDRO’s Attention to Training, Research Sector

15 February 2016
IMIDRO will pay special attention to training and research sector as the prerequisites of the technology and innovation development in mine and mining industries sector in the next Iranian year (20 March 2016_19 march 2017), Director of the IMIDRO’s training ,research and technology department announced.
 

ICT Minister: Iran Determined to Develop Communication Cooperation with CIS States

10 October 2018 Time: 19:14
Iran's Communication and Information Technology Minister Mohammad Javad Azari Jahromi announced that the country is willing to broaden cooperation with the Commonwealth of Independent States (CIS) in the field of communication.
 

MSC contributes to construction of first vocational school of Shahr-e Majlesi

4 October 2018 Time: 22:25
A vocational school whose construction was partly funded by Mobarakeh Steel Company (MSC) was inaugurated in Shahr-e Majlesi during Government Week.
 

Samsung Launches S9 Presale in Iran

4 March 2018 Time: 17:29
Samsung’s representative in Iran started the presale of its latest flagship handset Galaxy S9 series in the country on Feb. 29.
 

Iranian Websites Helping Jobseekers

8 November 2017 Time: 01:19
Local startups have launched online services connecting jobseekers and businesses with vacancies. Some of the famous names are Iran Talent, Ponisha and Jobinja, but there also newcomers.
Scrap & Recycling
 

Global Ferrous Scrap Market Overview - Week 2, 2019

23 January 2019 Time: 20:56
This week observed strengthening of demand both in Turkey and Asian markets on limited inventories available.
 

Japan: Kanto Monthly Scrap Export Tender for Jan'19 Fetches Bid Lower by USD 6.5

23 January 2019 Time: 20:43
As per recent updates received from sources, ‘Kanto Tetsugen’- Japan’s monthly ferrous scrap export tender for Jan’19 concluded today (11th Jan) in the Kanto region. Total 20,000 MT H2 scrap auctioned through three winning bids presented at an average of JPY 28,775/MT (USD 266), FAS in Jan’19.
 

South Korean Steel Mills Book Bulk Scrap Cargoes; Prices Down

23 January 2019 Time: 20:17
South Korean steel mills have bought multiple bulk cargoes at corrected prices this week. Scrap purchase enquiries from US, Russia and Japan to South East Asian markets increased and steel mills remained in search for bulk cargoes at reasonable prices.
 

Imported Scrap Prices Edge Down; Limited Trades Reported

23 January 2019 Time: 20:07
SteelMint learned from market participants that Indian imported scrap market has observed limited trades at corrected prices at the beginning of the week, however, very slow trade movement witnessed over the week to have more clarity about global scrap price direction and it is expected that prices could remain steady in the near term.
 

Indian Bulk Scrap Imports Recorded at 515,000 MT in 2018 - Port Data

17 January 2019 Time: 00:04
India world’s third-largest scrap importer after Turkey and South Korea has witnessed more than a half MnT bulk scrap imports in 2018. As per vessel line up data maintained with SteelMint, Indian bulk scrap imports recorded at 515,121 MT in CY18. Which increased 37% Y-o-Y in 2018 as against 376,600 MT bulk scrap imports recorded during CY17.
 

Indian Sponge Iron Exports Demand Bullish on Falling Imported Scrap Prices

17 January 2019 Time: 00:02
Sponge iron exporters from eastern India reported weak demand due to significant fall in imported scrap offers to the Bangladesh.
METALLURGY
 

Vibratory or Belt? Conveyors for Every Angle

22 January 2019 Time: 14:34
A major player in the aluminum automotive components industry was frustrated by the capabilities of an integral part of their die casting process: the use of belt conveyors. Although extremely common to handle scrap material in die casting facilities, this type of conveyor in this environment is renowned for causing production shutdown and maintenance issues.
 

Foundry of the Week: ODLEWNIE POLSKIE S.A.

20 January 2019 Time: 16:47
The scope of the company’s operations is the production of castings mostly of the nodular cast iron with the mechanical machining (production of casting components). The production is carried out in the factory premises located in Starachowice.
 

How W Abrasives experts become TrialAdvisors

18 January 2019 Time: 22:16
Luitpoldhütte's success story with W Abrasives
 

International conferences, symposiums and special shows enrich this trade fair quartet

18 January 2019 Time: 22:05
GIFA, NEWCAST, METEC and THERMPROCESS: Theory and practice go hand in hand
 

Ideas for Profit | DISA India: Accumulate this high quality business amid a downturn

15 January 2019 Time: 14:14
The current weak phase in the stock is a good opportunity to accumulate this high quality business for the long term.
 

Italpresse Gauss Expands North America Sales & Service

11 January 2019 Time: 07:02
Italpresse Gauss, a division of Norican Group, has expanded regional sales and service operations to meet customer requirements.
 

German Molding Machine Co. Picks New Iran Agent

26 January 2017
German manufacturer of molding machines Krauss Maffei Group has appointed Karan Sima Fam as its new agency in Iran and aims to strengthen its market position in injection molding and reaction injection molding machinery in the country, the German machinery supplier has announced.
 

AMB Iran Success Lines Up 2017 Event

27 June 2016
The success of the latest edition of Germany’s specialized exhibition for the machine tools and metalworking sector known as “AMB Iran” has prompted organizers to start planning the next event in 2017.
 

Extrugasa orders another extrusion press from Danieli Breda

13 November 2016
The new 45MN front-loading press will be the largest in Spain and one of the most modern worldwide
 

Tehran Hosts Alu-Tech Partnership Seminar

5 June 2016
The Iranian capital hosted the first Alu-Tech Partnership Seminar last week with a focus on technological developments in the production of structural parts as well as in automotive industry.
 

Great success at Interall ITA Seminar (Innovative Technologies for Aluminium)

24 December 2015
Great success in Dubai for the highly technical day that took place in order to explain the importance of innovation and the practical feasibility of the new technologies in aluminium extrusion and finishing and in waste water. The new concepts of green technology and the aluminium technology of the future have been presented in front of a special invitation audience of about 75 selected delegates, representing 38 companies from 13 middle east states.
 

Mercury Casting Contracts BuhlerPrince to Expand HPDC

4 October 2015
North America’s largest-dimension high-pressure die casting machine to debut next June
 

REFRAJET® Addmix: An innovative injection system

27 November 2017 Time: 14:29
The REFRAJET® Addmix technology is an innovative injection system that was developed specifically for the installation of cement-free sol-gel bonded refractory concretes of the REFRAJET® Nanobond type.
 

Seven Expands Activities for the Aluminium Industry

30 March 2017 Time: 22:13
Less than a year after the publication of Seven’s first brochure for the aluminium industry, satisfied customers in several countries have been won. Deliveries have gone to Germany, Italy, the Slovak Republic, Russia, and Taiwan.
 

Seven Kazakhstan Factory Opened in February 2017

30 March 2017 Time: 21:16
Seven’s growth over the last years has triggered substantial expansions: In 2016, the main plant in Divača/Slovenia was expanded with fully integrated production, shipping, and storage systems. New and improved lines for dry-mixing and taphole clays are complemented by a brand new 300m2 laboratory.
 

Repair of mixer no. 8 for Rusal

30 March 2017 Time: 20:50
Immediately after the start of Seven’s focus on aluminium, we were entrusted with a crucial task.
 

Fangda Carbon’s Subsidiary Rongguang Carbon to Increase its Graphite Electrodes Capacity

1 December 2018 Time: 23:39
According to sources, Fangda Carbon’s subsidiary Rongguang Carbon Co. Ltd is set to build a new graphite electrodes (GE) plant with a capacity of 50,000 tonnes per year.
 

China's Yunnan province starts safety checks on metals plants

7 September 2017 Time: 11:39
China's southwestern Yunnan province said on Tuesday it is launching safety inspections on iron, steel and aluminium plants as part of a crackdown on outdated capacity.
 

Outotec and Outokumpu settled their patent dispute regarding ferroalloys technology inventions

13 January 2017
Outotec and Outokumpu have settled their patent dispute, commenced in 2013, concerning the rights to inventions relating to ferroalloys technology.
 

Mineral Exports Rise, Imports Fall Over 4 Months

14 August 2016
Crude steel and steel products accounted for nearly half of the overall export value
 

Iran’s Ferrochrome Seeks to Increase Global Market Share

27 July 2016
Iran seeks to increase its share of global ferrochrome markets in light of China cutting down on production capacities in some of its industrial sectors, including ferrochrome, and the country’s need to import the alloy, said Mohammad Reza Pirhassanlou, managing director of Joghatai Ferrochrome Complex.
 

Axens to Study Petroleum coke Feasibility

7 May 2016
Axens will Conduct a bankable feasibility study for the first petroleum coke plant in Iran.
 

First Metso valves with 3D printed parts shipped to a customer

24 December 2018 Time: 01:51
Metso has delivered the first valves with 3D printed parts from its Helsinki plant. The valves include 3D printed metal components that allow the valves to perform in a particularly demanding application where they need to withstand numerous fast open-close cycles without maintenance.
 

Metso acquires Kiln Flame Systems Ltd., KFS, to extend pyro processing capabilities

24 December 2018 Time: 01:39
Metso has closed the acquisition of the UK-based combustion solutions and technology provider Kiln Flame Systems Ltd., KFS, to extend its pyro processing portfolio and capabilities.
 

China’s Graphite Electrodes Production Falls by 4.5% M-o-M basis in Nov’18

8 December 2018 Time: 23:03
With the start of winter heating season in November came the output restrictions in China’s steel sector as a part of country’s anti-pollution campaign.
 

China’s Yulinde to Increase its Graphite Electrodes Capacity by Three Times

2 December 2018 Time: 00:21
Datong YuLinDe (YLD) Graphite Equipment Co. Ltd is China’s one of the leading graphite electrode (GE) and graphite electrode equipment manufacturing company located in Datong city of Shanxi province in China
 

Indian Graphite Electrode Major HEG Ltd’s Board approves its Capacity Expansion Plan

28 November 2018 Time: 01:24
As per the latest updates that SteelMint has received, the Board of Directors of graphite electrode major, HEG Ltd at its meeting held today at 12:00 Noon has approved the capacity expansion plan for its plant in India.
 

Henan Mingtai grants SMS group final acceptance of high-performance aluminum cold mill

26 November 2018 Time: 21:26
On October 18, 2018, the Chinese aluminum producer Henan Mingtai Al. Industrial Co., Ltd. has granted SMS group the final acceptance certificate for the new aluminum cold rolling mill established at the Gongyi location.
 

Pet Coke Import Offers Fall; Domestic Prices Remain Firm in India

9 November 2018 Time: 17:58
Import prices of petroleum coke have decreased substantially over the month, though India’s domestically produced pet coke prices have continued to remain unchanged from the rates that prevailed since the start of this month.
 

Metallurgy exceeds expectations and should generate $350 million in business

28 September 2018 Time: 11:47
The atmosphere of satisfaction was general among the 120 expositor brands of Metallurgy 2018 - Fair and International Congress of Technology for Foundry, Steel, Forging, Aluminum and Services [Feira e Congresso Internacional de Tecnologia para Fundição, Siderurgia, Forjaria, Alumínio e Serviços], held from September 18 to 21, in Joinville, SC.
 

IN - Tata Motors closes gap with Mahindra for 3rd biggest PV maker in India

24 September 2018 Time: 21:24
Tata Motors is narrowing the gap with homegrown rival Mahindra & Mahindra (M&M) to challenge the position of third biggest passenger vehicle maker in India by sales.
 

Phosphate Concentrate Output Rises

3 July 2016
Esfordi Phosphate Industrial and Mineral Complex produced 14,859 tons of phosphate concentrate in the first two months of the current Iranian year (started March 20), indicating a 22% rise compared to last year’s corresponding period, Iranian Mines and Mining Industries Development and Renovation Organization reported on its website.
 

GIFA, METEC, THERMPROCESS and NEWCAST to be held at the same interval in future

11 March 2016
“The Bright World of Metals” will be taking place in Düsseldorf again from 25. to 29. June 2019
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