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.
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.
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.
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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.
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.
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.