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.
The plant, with a capacity to produce 150 tons of asphalt per hour, has been established by Kandovan Pars Company, the Ministry of Roads and Urban Development reported on its website. According to Haqlotfi, the company is in contract with the organization to renovate roads in eastern and western parts of Alamut. The official noted that the region is a mountainous and attractive travel destination and requires frequent road maintenance. According to Chairman of Iran Road Maintenance and Transportation Organization Davoud Keshavarzian, Iran’s asphalt production exceeds domestic demand by more than 115 million tons. “We need close to 25 million tons of asphalt per year for road maintenance. The municipalities use a further 10 million tons. This is while 900 asphalt producers in Iran churn out more than 150 million tons every year,” he was quoted as saying on the sidelines of the Ninth International Exhibition of Bitumen, Asphalt, Insulation and Related Machinery, aka BAIEX 2018, held in Tehran last month.
Germany's coal commission may recommend delaying a first wave of coal plant closures to 2022 rather than 2020, German financial daily Handelsblatt reports based on a leaked draft following Thursday's meeting of the commission.
The federal government of Iraq has restarted exports of Kirkuk crude oil through the Kurdistan-Turkey pipeline Friday, paving the way for a rise in loadings from OPEC's second-largest producer.
Norwegian independent tanker operator Frontline said Friday the worst for the tanker sector was over, adding it was well positioned for any rebound in the market.
Joint-venture partners Tawana Resources and Alliance Minerals Assets have started offtake discussions for the increased lithium concentrate that they expect to come from their Bald Hill mine in Western Australia.
Discounts are narrowing for lower-priced 62pc mainstream iron ore fines imported to China as shrinking profit margins force steel mills to shift their focus to controlling costs.
China's customs will maintain strict volume quotas for coal in an effort to reverse growth in imports that run counter to the policy goals of the country's main planning agency.