Minister of Industries, Mining and Trade Mohammad Shariatmadari said only half of Iran’s active industrial units are operating above 50% of their capacity.
Nevertheless, the minister added that applications to set up new industrial units registered a 23% increase during the nine months to Dec. 22, 2017, compared with the previous year’s corresponding period, Financial Tribune’s sister newspaper Donya-e-Eqtesad reported.
Shariatmadri believes high bank interest rates have greatly disturbed the production sector, as profits made in industrial units are low compared to the interest rates.
Japanese electronics firm Toshiba is planning to expand its share of the global battery market, tapping the growing shift to electronic vehicles (EVs) from vehicles running on fossil fuels.
CanmetMINING and COREM have signed a co-operation agreement to meet the needs of Canada’s mining industry as it embraces innovation.
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.
Canadian mining firm Teck Resources shipped less coking coal than expected in the third quarter because of unplanned maintenance at the Westshore coal terminal in Vancouver.
The world's largest undeveloped hard rock lithium project is aiming to produce a minimum of 440,000 t/yr of lithium concentrate over a period of 20 years, but is also undertaking studies that may sharply increase annual output.
Rashtriya Ispat Nigam Limited - public sector enterprise has resumed iron ore purchases from Karnataka e-auctions after a gap of 1 month. In the e-auction conducted on 17th Sept, the steelmaker procured fines and lump from NMDC Kumaraswamy mines. Prior to this, it had procured material from Karnataka in July.