NEWS
IRON and STEEL
 

EU HRC: Market swinging to sellers’

12 December 2019 Time: 21:18
The Italian hot-rolled coil (HRC) market is slowly becoming a sellers' market after multiple months of declines.
 

Chinese steel demand, output forecast lower in 2020

12 December 2019 Time: 21:08
China's crude steel demand and output are expected to fall in 2020 after posting robust gains this year, said the country's state-run think-tank the Metallurgical Industry Planning and Research Institute.
 

Tangshan places curbs on steel production

12 December 2019 Time: 21:00
China's largest steel-producing city Tangshan has asked several steel producers to indefinitely suspend iron ore sintering and partially reduce steel output from tomorrow, as the city declared a level 2 pollution emergency.
NON-FERROUS
 

Constellium’s rolling operations in Singen achieve ASI Chain of Custody Standard Certification

12 December 2019 Time: 21:36
Constellium’s casting and rolling operations in Singen, Germany, have been certified against Aluminium Stewardship Initiative’s (ASI) Chain of Custody Standard for responsible production, sourcing and stewardship of aluminium.
 

European Aluminium Industry to support EU Green Deal: European Aluminium

12 December 2019 Time: 21:30
The European aluminium industry is well-equipped to support the European Green Deal announced by the EU on November 11.
 

Indonesia lowers projections for nickel and bauxite smelter construction by 30% due to investment shortfalls

12 December 2019 Time: 21:28
The Energy and Mineral Resources Ministry of Indonesia has lowered its projections for nickel and bauxite smelter construction by 2022 due to shortfalls in investment. Indonesia’s government in September expedited the nickel ore export ban by two years to January 2020 from 2022 as part of its efforts to boost expansion of a local smelting industry.
 

Geoscience BC to explore copper-gold deposits buried below till

9 December 2019 Time: 21:03
Geoscience BC launched the Central Interior Copper-Gold Research series, a C$2.9-million initiative that aims to focus mineral exploration and attract investment across 50,700 square kilometres of British Columbia’s Cariboo and Fraser Canyon Countries.
 

Geoscience BC to explore copper-gold deposits buried below till

9 December 2019 Time: 19:26
Geoscience BC launched the Central Interior Copper-Gold Research series, a C$2.9-million initiative that aims to focus mineral exploration and attract investment across 50,700 square kilometres of British Columbia’s Cariboo and Fraser Canyon Countries.
 

4 charts that say this time the copper price surge could last

6 December 2019 Time: 21:12
The price of copper surged on Friday after reports showed the US economy in robust health on the back of strong payroll numbers – the best reading since January – and progress in trade talks with China.
 

Europe Zn: Some 2020 contracts settled

10 December 2019 Time: 18:38
Multiple annual supply contracts for special high-grade zinc premiums in Europe have settled at $120/t on an fca basis over the past week.
 

Iran's Trade With Turkey Tumbles 39%

29 November 2019 Time: 18:10
Iran’s trade with Turkey totaled $5.01 billion during the first 10 months of 2019 to register a decrease of 39.24% compared with the corresponding period of 2018, data released by Turkish Statistical Institute show.
 

India steel: Coated prices flat on slow buying

14 November 2019 Time: 19:38
India's coated steel prices remained flat this week, as demand stayed slow after the festive season ended in October.
 

Commentary: Gold sector fragmentation hurts investors

9 December 2019 Time: 21:10
Of all the mining sectors, gold is possibly the most fragmented, and the gold industry and its investors would realize considerable benefits from consolidation. Brokerage Pollitt & Co. estimates that 50% of global iron ore and copper production comes from four and 10 companies, respectively, while 25 companies account for just 45% of total gold production.
 

Four dead after rock collapse at South African gold mine

9 December 2019 Time: 21:07
Four mineworkers were killed and one was seriously injured after a rock fall at a South African gold mine on Friday trapped five workers underground, the company and a mining union said on Sunday.
 

B2Gold’s drilling results for Fekola mine in Mali show room to grow north

9 December 2019 Time: 21:05
Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) has announced year-end exploration results for the Fekola property and Anaconda area in Mali that continue to support the conversion of Inferred Mineral Resources to Indicated Mineral Resources within the resource pit boundary.
 

Life after Fanya: Antimony price rally stalls

11 December 2019 Time: 18:57
Chinese antimony metal prices have slipped below profitable levels, indicating a gap between actual and expected demand that is leaving market participants struggling to gauge where prices might hit a floor.
 

Australia’s Liontown flags lithium project potential

2 December 2019 Time: 19:54
Australian lithium developer Liontown Resources has confirmed the potential for its Kathleen Valley project in Western Australia (WA) to become a significant open-pit lithium mine from 2024 before transitioning to underground operations later in its mine life.
 

Envirostream produces mixed metal dust from batteries

29 November 2019 Time: 17:20
Envirostream Australia has produced mixed metal dust (MMD) from spent lithium-ion batteries and is preparing to send its first MMD consignment to South Korea.
MINERALS
 

China iron ore pellet: Prices rise on demand spike

10 December 2019 Time: 18:24
Seaborne pellet prices were higher on the back of seasonal winter stocking of direct-charge materials and profitable steel mills buying more medium- and high-grade iron ore to maintain peak production rates.
 

China's iron ore imports slip in November

9 December 2019 Time: 18:01
China's iron ore imports fell by 2.4pc on the month to 90.65mn t in November, although volumes were around 8pc higher from a year earlier.
 

Buying iron ore is getting more like shopping on Amazon

5 December 2019 Time: 21:16
The world’s biggest iron ore miners are looking for novel ways of satisfying their customers and protecting market share in the $150 billion global industry.
 

Indian coking coal imports at risk of contraction

12 December 2019 Time: 21:10
Indian coking coal imports moving through 12 key state-controlled ports only posted marginal year-on-year gains during April-November and were at risk of a further contraction as lower steel production hits demand.
 

Australian Labor mayor slams party’s lack of support for mineworkers

9 December 2019 Time: 20:45
Jenny Hill, the Labor Mayor of Townsville in the state of Queensland, northeastern Australia, slammed her own party this weekend saying that its lack of support for coal mining is pushing people towards right-wing political organizations.
 

Teck signs $95 million shipping deal, stock jumps

5 December 2019 Time: 20:42
Teck Resources (TSX, NYSE: TECK) announced Wednesday that the company has signed a long-term rail agreement with CN (TSX: CNR) (NYSE: CNI) for the shipping of steelmaking coal from Teck’s four British Columbia operations between Kamloops and Neptune Terminals, as well as other west coast ports.
 

FCB Horomill®: 25-year history told by Buzzi Unicem

15 February 2019 Time: 19:48
In the February issue of International Cement Review, Buzzi Unicem reviews its cooperation with Fives in the development of the FCB Horomill® technology.
 

RMA cementing alliances in northwestern BC

31 January 2019 Time: 17:28
A partnership of First Nations, exploration companies and provincial government representatives is working well, as the three groups collaborate to progress mineral exploration and mining in northwest British Columbia.
 

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.
 

Barminco’s remote system operates loaders 1,000 kilometres away

9 December 2019 Time: 19:38
Barminco has announced that it successfully piloted an operations centre that allows it to remotely manipulate, from the comfort of an office, underground equipment used at mine sites around the world.
 

voestalpine Tubulars commissions SMS group crimping press

5 December 2019 Time: 11:57
voestalpine Tubulars GmbH & Co KG, based in Kindberg, Styria, Austria, has commissioned a three-die crimping press supplied by SMS group. The new press, which replaces a predecessor model supplied by SMS group back in 1998, will assure voestalpine Tubulars an increase in plant availability and higher yield.
 

Steel products output to reach 28m tons by March 2020

1 November 2019 Time: 22:57
Iran’s steel products output is going to reach 28 million tons by the end of the current Iranian calendar year, IRNA reported, quoting deputy industry, mining and trade minister as saying on Thursday.
 

Savannah Resources secures first of three mining licences for Mozambique project

9 December 2019 Time: 21:23
Multi-commodity developer Savannah Resources (AIM:SAV) said on Monday that its subsidiary in Mozambique had secured a mining licence for the Mutamba heavy minerals sands project from the country’s government.
 

Australian Labor mayor slams party’s lack of support for mineworkers

9 December 2019 Time: 20:45
Jenny Hill, the Labor Mayor of Townsville in the state of Queensland, northeastern Australia, slammed her own party this weekend saying that its lack of support for coal mining is pushing people towards right-wing political organizations.
 

Barminco’s remote system operates loaders 1,000 kilometres away

9 December 2019 Time: 19:38
Barminco has announced that it successfully piloted an operations centre that allows it to remotely manipulate, from the comfort of an office, underground equipment used at mine sites around the world.
Auto
 

5700t Closing Force - Italpresse Gauss builds Giant Die Casting Machine for premium Carmaker

12 December 2019 Time: 21:21
Italpresse Gauss, the Italian leader in fully automated, digitally enabled die casting technology, is set to deliver the first toggle-free two-platen die casting machine with a closing force of 5700t.
 

EU approves €3.2bn in state aid for battery project

10 December 2019 Time: 18:22
The European Commission has approved €3.2bn ($3.54bn) in state aid for battery makers as part of a project to develop large-scale battery manufacturing in the EU.
 

BOHAI TRIMET Automotive offers a broad Range of Products for lightweight Automotive Construction

10 December 2019 Time: 18:14
At Euroguss 2020, the international trade fair for die casting processes, BOHAI TRIMET Automotive Holding GmbH is presenting itself as a strong partner to automobile manufacturers and their suppliers. With modern production methods and innovative materials, the aluminium specialist opens up new possibilities for the use of die-cast components in vehicle manufacturing.
ECONOMY
 

Commodities worth $404m traded at IME in a week

2 November 2019 Time: 21:59
During weekdays ending up to October 31, while 440,084 tons of commodities worth over $404 million were traded at Iran Mercantile Exchange (IME), the trading volume and value experienced a growth of 58 percent and 18 percent, respectively.
 

Value of trades at IME rises 22% in a week

20 October 2019 Time: 16:46
During weekdays ended on October 17, while 566,556 tons of commodities worth over $642 million were traded at Iran Mercantile Exchange (IME), the trading value and volume experienced growth of 22 percent and 29 percent, respectively.
 

Commodities worth $710m traded at IME in a week

5 October 2019 Time: 22:56
During the weekdays ended on October 3, while 555,517 tons of commodities worth over $710 million were traded at Iran Mercantile Exchange, the trading volume and value experienced a growth of 20 percent and 32 percent, respectively.
 

NIOC to Sell 6mln Barrels of Crude Oil, Condensates at Energy Exchange on Monday

14 November 2019 Time: 18:27
The National Iranian Oil Company (NIOC) plans to offer 6 million barrels of crude oil and condensates on the Iran Energy Exchange (IRENEX) on November 18.
 

Iran Posts Record Sales of LPG through Energy Bourse

12 November 2019 Time: 17:57
A new record has been registered in the daily sale of liquefied petroleum gas (LPG) produced in Iranian refineries and supplied through a local bourse mechanism, as reports recount that around 115 million liters of the fuel has been very recently sold in one single exchange.
 

NIOPDC to offer 20,000 tons of kerosene at IRENEX on Monday

2 November 2019 Time: 21:05
National Iranian Oil Products Distribution Company (NIOPDC) is going to offer 20,000 tons of kerosene at the international ring of Iran Energy Exchange (IRENEX) on Monday, ISNA reported.
 

IEA sees big 1Q stock build despite deeper Opec+ cuts

12 December 2019 Time: 21:02
Global oil inventories could increase by 700,000 b/d in the first quarter next year, despite deeper output cuts agreed last week by the Opec+ alliance of producer countries, the IEA said today in its latest Oil Market Report (OMR).
 

Life after Fanya: Antimony price rally stalls

11 December 2019 Time: 18:57
Chinese antimony metal prices have slipped below profitable levels, indicating a gap between actual and expected demand that is leaving market participants struggling to gauge where prices might hit a floor.
 

Stability to come back to forex market: CBI governor

9 December 2019 Time: 21:40
The governor of the Central Bank of Iran (CBI) said that the bank will bring stability back to the forex market, IRIB reported.
 

Singapore delivered bunker premiums hit record high

28 August 2019 Time: 19:46
A shortage of bunker fuel and barges in Singapore has sent delivered premiums for 380cst high-sulphur fuel oil (HSFO) to record highs.
 

Startups Enter Insurance Industry

28 July 2019 Time: 21:23
Insurance industry plans to allow startups to handle 10% of Iran’s insurance market in the current fiscal year that started on March 21, said the head of Central Insurance company of Iran.
 

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.
 

European Aluminium Industry to support EU Green Deal: European Aluminium

12 December 2019 Time: 21:30
The European aluminium industry is well-equipped to support the European Green Deal announced by the EU on November 11.
 

Minister: Iran, Kyrgyzstan to Boost Trade Exchanges to $500mln

5 December 2019 Time: 16:10
Iranian Minister of Industry, Mining and Trade Reza Rahmani announced that Tehran and Bishkek have decided to increase the value of their trade exchanges up to $500mln.
 

Norsk Hydro to cut primary aluminium production at its Slovalco plant

2 December 2019 Time: 20:06
A fully integrated Norwegian aluminium company Norsk Hydro announced on Monday, December 2, that it plans to cut 20 per cent production at its majority-owned Slovalco primary aluminium plant in Slovakia. Weak market is one of the reasons for the production cut, said the company.
 

Asian Development Bank cuts regional growth forecasts

11 December 2019 Time: 18:47
Trade tensions, weaker investment and rising inflation have further weighed on the economic outlook for Asia-Pacific over the past three months, the Asian Development Bank (ADB) said.
 

CBI: Foreigners Trying to Disturb Forex Market in Iran

10 December 2019 Time: 16:49
Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said that the recent fluctuation in the foreign exchange market in the country is temporary, adding that some elements have contributed to a speculative surge in demand, including some foreign-backed networks which are trying to instill fear in the market.
 

Acting banks to loan $3b to develop oil industry’s upstream sector

9 December 2019 Time: 21:49
Iranian acting banks are authorized to offer up to $3 billion of loans to the oil industry’s upstream sector, according to the country’s budget bill for the next calendar year (starts on March 19, 2020), IRNA reported.
 

Acting banks to loan $3b to develop oil industry’s upstream sector

9 December 2019 Time: 21:49
Iranian acting banks are authorized to offer up to $3 billion of loans to the oil industry’s upstream sector, according to the country’s budget bill for the next calendar year (starts on March 19, 2020), IRNA reported.
 

Commentary: Gold sector fragmentation hurts investors

9 December 2019 Time: 21:10
Of all the mining sectors, gold is possibly the most fragmented, and the gold industry and its investors would realize considerable benefits from consolidation. Brokerage Pollitt & Co. estimates that 50% of global iron ore and copper production comes from four and 10 companies, respectively, while 25 companies account for just 45% of total gold production.
 

IMF says $10 billion Congo budget unrealistic as mining slows

6 December 2019 Time: 19:34
The International Monetary Fund said the Democratic Republic of Congo’s proposed $10.2 billion budget is “unrealistic,” amid slowing output from the country’s copper and cobalt mines.
 

Envoy: Iran Progressing in Developing Smart Cities

7 December 2019 Time: 17:51
Iran is taking long strides in developing smart cities with strengthening infrastructures, the country’s Ambassador to Romania Morteza Abutalebi said.
 

Minister: Iran to Reconstruct Syria's Ravaged Water, Sewage Infrastructures

5 December 2019 Time: 16:17
Iranian Energy Minister Reza Ardakanian announced that Tehran and Damascus will sign a Memorandum of Understanding (MoU) which paves the ground for Iran's cooperation with Syria in reconstruction of its water and sewage infrastructures destroyed during war.
 

Portside weakness drags down PBF premiums

14 November 2019 Time: 19:27
Seaborne floating premiums for PB fines have halved since early October, pressured lower by weakness in China's portside markets.
 

China Nov Crude Imports at Record High

8 December 2019 Time: 17:46
China’s crude oil imports hit a record high on a daily basis in November, as refiners operated at high run rates to use up annual import quotas.
 

China’s October coking coal imports dive further

27 November 2019 Time: 18:33
China's coking coal imports fell further in October as tightened import restrictions on Australian coking coal discouraged such shipments, even as prices remained relatively lower.
 

China seeks to suspend coal imports at all ports

13 November 2019 Time: 16:36
Beijing verbally told all regional customs authorities today to suspend coal imports because the country's receipts appear set to exceed the limit set for 2019.
 

85% of Tax Revenues Collected From 3 Percent of Taxpayers

24 November 2019 Time: 15:48
Eighty-five percent of Iran's tax revenues come from only 3% of taxpayers, according to the head of Majlis Economic Commission, Eliyas Hazrati.
 

Swiss Gov't Approves Changes to Iran DTA

29 October 2019 Time: 20:05
The Swiss Federal Council adopted a dispatch on a protocol to the double tax agreement (DTA) with Iran on Oct. 23, which implements the minimum standards for such agreements.
 

Eliminating tax exemption in free zones not on agenda

21 October 2019 Time: 21:54
The secretary of Iranian Free Zones High Council said eliminating tax exemptions in the country’s free zones is not on the agenda of any official government or legislative bodies, IRNA reported.
 

Iran, Tajikistan Vow to Expand Economic Ties

11 December 2019 Time: 20:24
Tajikistan’s Finance Minister Qahhorzoda Faiziddin Sattor in a meeting with Iranian Ambassador to Dushanbe Taqi Saberi called for the development of mutual cooperation in different fields.
 

India steel: Rebar prices drop on falling sales

11 December 2019 Time: 18:52
India's domestic rebar prices fell by 500-1,000 rupees/t ($7-14/t) this week as sales fell, reversing a brief increase in demand last week.
 

Asian Development Bank cuts regional growth forecasts

11 December 2019 Time: 18:47
Trade tensions, weaker investment and rising inflation have further weighed on the economic outlook for Asia-Pacific over the past three months, the Asian Development Bank (ADB) said.
GEOLOGY
 

B2Gold’s drilling results for Fekola mine in Mali show room to grow north

9 December 2019 Time: 21:05
Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) has announced year-end exploration results for the Fekola property and Anaconda area in Mali that continue to support the conversion of Inferred Mineral Resources to Indicated Mineral Resources within the resource pit boundary.
 

Geoscience BC to explore copper-gold deposits buried below till

9 December 2019 Time: 21:03
Geoscience BC launched the Central Interior Copper-Gold Research series, a C$2.9-million initiative that aims to focus mineral exploration and attract investment across 50,700 square kilometres of British Columbia’s Cariboo and Fraser Canyon Countries.
 

Rare earth miner Lynas picks Kalgoorlie for processing plant

9 December 2019 Time: 19:56
Australian rare earths miner Lynas Corp (ASX: LYC) has selected the city of Kalgoorlie to build its new cracking and leaching plant to extract low-level radioactivity from the ore mined at its Mt Weld operation, which is then shipped to Malaysia for final treatment.
ENVIRONMENT
 

Coal exports choked by green-minded towns on US west coast

4 December 2019 Time: 20:53
It’s about to get harder for America’s miners to ship coal to Asia.
 

Atlantic pellet: Murky price talks cloud 2020 outlooks

4 December 2019 Time: 18:27
Atlantic iron ore pellet market participants are still working to finalise some outstanding fourth quarter supply contracts, with the past year's murky price environment now exacerbating uncertainty over how and when 2020 supply contracts will be settled.
 

GECF: Gas Indispensable in Mitigating Climate Change

30 November 2019 Time: 18:11
Natural gas is an 'indispensable' part of the global energy mix needed to limit the impact of climate change and protect the environment, the Gas Exporting Countries' Forum (GECF) said Friday.
ENERGY
 

IEA sees big 1Q stock build despite deeper Opec+ cuts

12 December 2019 Time: 21:02
Global oil inventories could increase by 700,000 b/d in the first quarter next year, despite deeper output cuts agreed last week by the Opec+ alliance of producer countries, the IEA said today in its latest Oil Market Report (OMR).
 

LSFO bunkers priced at premium to LSMGO in Singapore

12 December 2019 Time: 20:57
The price of delivered 0.5pc low-sulphur fuel oil (LSFO) in Singapore has risen to a premium to 0.1pc low-sulphur marine gasoil (LSMGO) since 6 December, according to Argus data.
 

PetroZamora offers glimpse into PdV’s west: Correction

12 December 2019 Time: 20:31
Dwindling oil flow and obscure ties at Venezuelan state-owned PdV's PetroZamora joint venture offer a glimpse into the broader decline of an Opec-founding country now better known for involuntary over-compliance with its elusive output quota.
 

PetroZamora offers glimpse into PdV’s west: Correction

12 December 2019 Time: 20:31
Dwindling oil flow and obscure ties at Venezuelan state-owned PdV's PetroZamora joint venture offer a glimpse into the broader decline of an Opec-founding country now better known for involuntary over-compliance with its elusive output quota.
 

Brazil Ignores Climate Concerns, Carries Out Offshore Drilling Plans

10 December 2019 Time: 19:47
Brazil is carrying on with its plans to drill in the prolific pre-salt area even after UN leaders urged countries on Monday to steadfastly curb emissions of “climate-altering” gases that stem from—among other things—fossil fuels.
 

Iran’s gas industry to be fully indigenized within 5 years

9 December 2019 Time: 21:43
Head of National Iranian Gas Company (NIGC) said his company is seriously pursuing a plan for indigenizing all the technology and equipment needed in the country’s gas industry within the next five years, IRIB reported on Monday.
 

Curacao proposes transition terms for PdV

9 December 2019 Time: 18:29
Dutch-controlled Curacao is awaiting Venezuelan state-owned PdV's response to a draft proposal to continue operating the Isla refinery and Bullen Bay terminal until a new operator is lined up.
 

Citgo raises light crude rates, fuel exports

6 December 2019 Time: 20:19
Venezuela's US refining subsidiary Citgo increased light crude processing and fuel exports in the third quarter, the company said today.
 

PdV ships petroleum coke to Cuba

27 November 2019 Time: 18:28
Venezuela's state-owned PdV is shipping petroleum coke to Cuba to reduce stockpiles of the oil byproduct at the 940,000 b/d CRP refining complex in Falcon state, according to multiple company officials.
 

US Unable to Hinder Iran’s Methanol Exports

11 December 2019 Time: 20:27
Iran exports 8 million tonnes of methanol in a year, which the US has been unable to affect, despite all claims of American officials.
 

Southeast Asia schedules cracker turnarounds

11 December 2019 Time: 18:39
A series of cracker turnarounds in southeast Asia during next year's first quarter will tighten ethylene and propylene supplies, potentially lending support to current weak sentiment in the olefins market
 

Pet-Chem Plant Boasts 60% Exports

10 December 2019 Time: 16:46
Iran’s Noori Petrochemical Plant announced that its output records are higher than the set goals, adding that 60% of its production in the last 8.5 months have been exported.
 

FAO, ULRP Provide Iranian Experts with Advanced Skills on Evapotranspiration Mapping

11 December 2019 Time: 20:20
As part of the “Integrated Programme for Sustainable Water Resources Management in the Urmia Lake Basin,” the Food and Agriculture Organization of the United Nations (FAO) and Urmia Lake Restoration Program (ULRP) held a 4-day workshop for Iranian experts, trained them on advanced methods to map evapotranspiration of agricultural areas using remote sensing satellite data.
 

Power, Water Supply Capacity Increases in Western Regions

10 December 2019 Time: 19:54
Power and water projects worth $110 million were inaugurated Tuesday in western Kermanshah Province.
 

Water Levels Sink at World’s Biggest Dam

10 December 2019 Time: 19:51
The Kariba dam has plunged to its lowest level since 1996, raising further risks to the hydropower plants that Zimbabwe and Zambia depend on for nearly half of their power.
 

Work Begins on Constructing 2nd Unit of Nuclear Power Plant in Bushehr

10 November 2019 Time: 17:13
Work for pouring concrete at the site of the second unit of Bushehr Nuclear Power Plant in south Iran started on Sunday.
 

Jindal Steel starts new met coke oven at Angul plant

12 December 2019 Time: 20:34
Indian steel producer Jindal Steel and Power (JSPL) has commissioned the fourth coke battery at its Angul steel plant, covering the plant's metallurgical coke requirements.
 

World’s first commercial electric airplane takes off

11 December 2019 Time: 18:32
The world's first commercial electric airplane took off in Vancouver, Canada, yesterday, signifying a key step forward in the development of electric aviation.
 

Power, Water Supply Capacity Increases in Western Regions

10 December 2019 Time: 19:54
Power and water projects worth $110 million were inaugurated Tuesday in western Kermanshah Province.
 

Preserving JCPOA Crucial to Global Security: EU’s Borrell

9 December 2019 Time: 17:40
The new head of European Union foreign policy underlined the need for keeping the 2015 nuclear deal between Tehran and world powers in place, saying the accord is crucial in ensuring global security.
 

US Admits Iran’s Missile Testing Not Prohibited in UN Resolution: Zarif

7 December 2019 Time: 18:05
Iranian Foreign Minister Mohammad Javad Zarif said US Special Representative for Iran Brian Hook openly admits that missile testing is not prohibited in the United Nations Security Council Resolution 2231, which endorses the 2015 nuclear deal.
 

Iran, Italy Vow to Expand Bilateral Ties, Discuss Regional Developments

7 December 2019 Time: 17:58
Iranian Deputy Foreign Minister Kazem Sajjadpour and his Italian counterpart Marina Sereni in a meeting in Rome underlined the need to broaden mutual cooperation, and discussed the latest developments in the region.
 

Shale novice to head Argentina’s energy portfolio

9 December 2019 Time: 18:35
Argentina's incoming energy secretary is a nuclear engineer and former provincial energy official from remote Misiones province, far from the country's Vaca Muerta shale play that has decelerated ahead of tomorrow's inauguration of left-leaning president Alberto Fernandez.
 

2020 renewables use spike not enough to meet climate change goals

4 December 2019 Time: 20:51
Solar and wind power are among the renewable energies forecast to spike in 2020, accounting for two-thirds of the new power generation capacities coming on line, a new report shows.
 

Indonesia dangles cheaper energy to lure billions in investment

4 December 2019 Time: 19:43
Indonesia is touting an abundance of low-cost renewable energy to lure billions of dollars in investment Southeast Asia’s largest economy needs to build processing plants for commodities such as nickel, copper and aluminum.
 

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.
 

Iran’s gas industry to be fully indigenized within 5 years

9 December 2019 Time: 21:43
Head of National Iranian Gas Company (NIGC) said his company is seriously pursuing a plan for indigenizing all the technology and equipment needed in the country’s gas industry within the next five years, IRIB reported on Monday.
 

Iranian companies sign €60m petchem equipment production agreement

23 October 2019 Time: 21:40
National Iranian Oil Engineering and Construction Company (NIOEC) signed an agreement with two domestic companies namely Machine Sazi Arak and AzarAb Industries for cooperation on indigenizing the manufacturing of some equipment used in petrochemical industry.
 

Iran 50% self-sufficient in petchem, power plant equipment

15 October 2019 Time: 20:10
Nearly 50 percent of the equipment and machinery used in Iran’s petrochemical industries, industrial complexes and power plants are build inside the country, Mehr news agency reported on Tuesday, quoting a senior official from Iranian Ministry of Industry, Mining and Trade as saying.
 

Tehran hosting bitumen, asphalt conference, exhibition

23 October 2019 Time: 20:21
Iran’s 11th National Bitumen, Asphalt and Machinery Conference and Exhibition kicked off in Tehran on Tuesday at the presence of the country’s Transport Minister Mohammad Eslami, the event’s portal reported.
 

Indonesia lowers projections for nickel and bauxite smelter construction by 30% due to investment shortfalls

12 December 2019 Time: 21:28
The Energy and Mineral Resources Ministry of Indonesia has lowered its projections for nickel and bauxite smelter construction by 2022 due to shortfalls in investment. Indonesia’s government in September expedited the nickel ore export ban by two years to January 2020 from 2022 as part of its efforts to boost expansion of a local smelting industry.
 

Iranian Researchers Invent Fossil-Fuel-Free Vehicle

11 December 2019 Time: 20:18
Iranian scientists at the Islamic Azad University of Khorramabad in Western Iran manufactured a four-wheel vehicle which does not need any fossil fuel and runs with clean energies.
 

JXTG plans more aromatics production cuts

11 December 2019 Time: 18:37
Japan's JXTG Nippon Oil & Energy plans to further cut its aromatics production to a 70pc operating rate next month, prompted by negative margins for paraxylene (PX).
Transportation
 

World’s first commercial electric airplane takes off

11 December 2019 Time: 18:32
The world's first commercial electric airplane took off in Vancouver, Canada, yesterday, signifying a key step forward in the development of electric aviation.
 

Iranian Researchers Manufacture Plane, Drone Engine

3 December 2019 Time: 17:37
Iranian researchers manufactured fully home-made turbo jet engines used for small planes and drones.
 

AVIC Shaanxi Hongyuan Aviation Forging celebrates the commissioning of the world's largest clutch-operated screw press from SMS group

18 November 2019 Time: 12:37
China-based AVIC Shaanxi Hongyuan Aviation Forging Co., Ltd, a subsidiary of AVIC Heavy Machinery Co., Ltd, in partnership with SMS group, has put the world's largest clutch-operated screw press into operation at its site in Xi’an, Shaanxi Province, China.
 

Tehran hosting bitumen, asphalt conference, exhibition

23 October 2019 Time: 20:21
Iran’s 11th National Bitumen, Asphalt and Machinery Conference and Exhibition kicked off in Tehran on Tuesday at the presence of the country’s Transport Minister Mohammad Eslami, the event’s portal reported.
 

Trucks Transit Over 9m Tons of Goods

21 October 2019 Time: 19:32
Iranian trucks transited 9.08 million tons of commodities through the country during the last Iranian year (March 2018-19) to register a 2.18% decline compared with the previous year, according to latest data released by the Road Maintenance and Transportation Organization of Iran, affiliated with the Ministry of Roads and Urban Development.
 

13% Rise in Road Transportation of Goods

7 October 2019 Time: 19:07
Iranian year (March 21-Sept. 22) to register a 13.33% and 0.66% growth in tonnage and number of trips respectively compared with the similar period of last year.
 

Iran, Oman ink agreement to broaden maritime co-op

9 December 2019 Time: 21:35
Iran, and Oman signed a maritime cooperation agreement on Sunday aiming for boosting maritime transportation between the two countries, the portal of Iran’s Ports and Maritime Organization (PMO) reported.
 

Iran Welcomes Further Regional Cooperation on Transportation

7 December 2019 Time: 17:14
Iran’s Deputy Minister of Road and Urban Development for Transportation Shahram said that his country is open to expanding regional and international cooperation on transportation, adding that Tehran sees such a strategy as an opportunity.
 

Australia approves IMO fuel legislation

6 December 2019 Time: 20:49
Australia has passed legislation to ensure the country will comply with tighter global marine fuel specifications that take effect from next year.
 

Rio Tinto declares force majeure on aluminum shipments from Canada because of railway strike

28 November 2019 Time: 19:03
According to a Platts report Rio Tinto Aluminium issued a force majeure declaration on aluminium shipments out of Canada, caused by a weeklong strike which was affecting shipments via Canadian National Railways. The strike, which began on November 19 is likely to come to an end as a tentative agreement was signed between CN and the Teamsters union to end the strike amicably.
 

Iran to Open Key Railway on Monday

24 November 2019 Time: 15:30
Iranian President Hassan Rouhani is slated to officially open a major railroad in the Northwestern province of East Azerbaijan where the new link will significantly decrease the rail distance between Tehran and the provincial capital city of Tabriz.
 

China's steel output slows ahead of winter curbs

14 November 2019 Time: 19:40
China's crude steel output in October slipped to its lowest level since March at 81.52mn t, as narrowing profit margins slowed production slightly.
 

Iran Welcomes Further Regional Cooperation on Transportation

7 December 2019 Time: 17:14
Iran’s Deputy Minister of Road and Urban Development for Transportation Shahram said that his country is open to expanding regional and international cooperation on transportation, adding that Tehran sees such a strategy as an opportunity.
 

GECF: Gas Indispensable in Mitigating Climate Change

30 November 2019 Time: 18:11
Natural gas is an 'indispensable' part of the global energy mix needed to limit the impact of climate change and protect the environment, the Gas Exporting Countries' Forum (GECF) said Friday.
 

Iran to Open Key Railway on Monday

24 November 2019 Time: 15:30
Iranian President Hassan Rouhani is slated to officially open a major railroad in the Northwestern province of East Azerbaijan where the new link will significantly decrease the rail distance between Tehran and the provincial capital city of Tabriz.
Housing & Building
 

Iran’s int’l stone expo to host 6,000 businesspeople

5 August 2019 Time: 22:06
More than 6,000 businesspeople active in the field of decorative stones from around the world will take part at the 12th edition of Iran Stone Expo 2019 in early October, an official said.
 

Over 6,500 stone processing units operating across Iran

22 July 2019 Time: 21:04
Director General of Mineral Industries Office of the Ministry of Industry, Mining and Trade Seifollah Amiri said over 6500 stone processing units are currently active across the country, 500 of which are exporting to global markets.
 

The Essentiality of the Development of the Industry of Paper Production from Stones

10 June 2019 Time: 23:30
Me-Metals: The executor of the sodium carbonate paper production plan of Aligoodarz emphasized the need in the development of paper production industry from stones in the country.
 

Tile Production Exceeds 150m m2 in 5 Months

10 November 2019 Time: 17:16
Atotal of 158.45 million square meters of tiles were produced in Iran during the first five months of the current Iranian year (March 21- Aug. 22) to register an increase of 4.4% compared with last year’s corresponding period.
 

Iran's Trade With Turkmenistan Tops $300m

29 January 2019 Time: 15:55
Iran traded $312 million worth of commodities with Turkmenistan during the 10 months to Jan. 20, according to Iran's commercial attaché to Turkmenistan.
 

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.
 

Plan for supplying nomadic households with mobile PV systems underway

14 October 2019 Time: 16:15
Iran’s Energy Ministry has started a plan for providing 25,000 nomadic households across the country with portable photovoltaic systems so that they could use electricity during migration.
 

Tehran Hosting 445 Int’l Companies of Printing, Packaging Industries

30 November 2019 Time: 18:49
Some 445 companies from 13 countries are showcasing their products and capabilities in the 26th International Exhibition of Printing, Packaging and Related Machinery in the Iranian capital city of Tehran.
 

Plan for supplying nomadic households with mobile PV systems underway

14 October 2019 Time: 16:15
Iran’s Energy Ministry has started a plan for providing 25,000 nomadic households across the country with portable photovoltaic systems so that they could use electricity during migration.
 

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.
 

Kish Island hosting intl. building industry exhibition

1 November 2019 Time: 22:42
The 15th International Civil and Building Industry Exhibition (Kish Buidex 2019) kicked off on Wednesday in Kish Island in southern Iran, IRNA reported.
 

Intl. building industry expo running in Isfahan

11 October 2019 Time: 15:32
The 22nd International Exhibition of Building Industry kicked off on Thursday at Isfahan International Fairground, in the central province of Isfahan.
 

Iran’s int’l stone expo to host 6,000 businesspeople

5 August 2019 Time: 22:06
More than 6,000 businesspeople active in the field of decorative stones from around the world will take part at the 12th edition of Iran Stone Expo 2019 in early October, an official said.
 

Tehran Hosting 445 Int’l Companies of Printing, Packaging Industries

30 November 2019 Time: 18:49
Some 445 companies from 13 countries are showcasing their products and capabilities in the 26th International Exhibition of Printing, Packaging and Related Machinery in the Iranian capital city of Tehran.
 

Registration for Gov’t-Funded Housing Project Postponed

4 November 2019 Time: 19:07
The registration for government-sponsored housing development project, the so-called "National Housing Initiative", has been postponed to Nov. 9 because of the public holiday on Nov. 6.
 

Kish Island hosting intl. building industry exhibition

1 November 2019 Time: 22:42
The 15th International Civil and Building Industry Exhibition (Kish Buidex 2019) kicked off on Wednesday in Kish Island in southern Iran, IRNA reported.
 

Tehran City’s real estate deals down 73% in a month on year

2 September 2019 Time: 17:12
The number of real estate deals in Tehran City fell 73.7 percent in the fifth Iranian calendar month of Mordad (July 23-August 22), compared to the same month in the past year, Tasnim news agency reported citing the data released by Ministry of Transport and Urban Development.
 

Govt. launches project to build 110,000 affordable housing units

27 August 2019 Time: 22:33
Iranian President Hassan Rouhani officially launched the government’s National Action Plan for Construction and Supply of Housing on Tuesday, inaugurating a project for constructing 110,000 affordable housing units.
 

Tehran City’s real estate deals down 64.6% in a month on year

29 July 2019 Time: 21:44
The number of real estate deals in Tehran City fell 64.6 percent in the fourth Iranian calendar month of Tir (June 22-July 22), compared to the same month in the past year, IRIB reported citing the data released by Central Bank of Iran (CBI).
 

Tehran, Damascus Ink MoU on Syria Reconstruction

27 November 2019 Time: 19:24
Iran and Syria signed a memorandum of understanding (MoU) to establish three joint companies in a bid to accelerate the reconstruction of the Arab country, which has been stricken by more than eight-and-a-half years of foreign-backed civil war.
 

Minister: Iran, Syria to Establish Joint Construction Company

26 November 2019 Time: 21:09
Syrian Minister of Public Works and Housing Suhail Mohammad Abdul Latif announced that Tehran and Damascus will set up a joint construction company, stressing that Iran has been prioritized for reconstruction of Syria.
 

Registration for Gov’t-Funded Housing Project Postponed

4 November 2019 Time: 19:07
The registration for government-sponsored housing development project, the so-called "National Housing Initiative", has been postponed to Nov. 9 because of the public holiday on Nov. 6.
Sciences
 

MIDHCO received the silver trophy of the sixth conference on Iranian Mines and Mining Industries Productivity Award

20 June 2019 Time: 13:53
Me-Metals – The ceremony of the sixth conference on Iranian Mines and Mining Industries Productivity Award was held with the motto “productivity as the foundation of competiveness in the national economy” on 27 Khordad, 1398 (17 June 2019) by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) at the Eram Hotel in Tehran, Iran.
 

MSC wins award for management of innovation and technology

17 April 2019 Time: 11:08
A 6th edition of Iran National Award for Management of Innovation and Technology (IRAMIT) has handed its award for management of innovation and technology to Mobarakeh Steel Company (MSC).
 

Mobarakeh teachers have their own educational center, jointly built by MSC

17 April 2019 Time: 11:00
An education-welfare center for teachers was launched in Mobarakeh on Benevolence Day (March 5), with the education minister in attendance.
 

Automated, industrial post processing for HP Multi Jet Fusion components: HP and Rösler sign Cooperation Agreement

11 December 2019 Time: 19:01
For the Formnext exhibition, AM Solutions, Rösler group’s brand name for all activities around additive manufacturing, and HP announced a contractually fixed cooperation agreement covering the development of new equipment solutions in the field of automated post processing of 3D printed components.
 

Third Smart Tehran Conference: Too Much Hoopla About Nothing

10 December 2019 Time: 17:43
On Monday, Tehran Municipality gathered urbanists, tech aficionados and communication policymakers for a two-day event dubbed Smart Tehran Confab that was certainly not smart, as what was spotlighted was neither innovative nor promising.
 

Barminco’s remote system operates loaders 1,000 kilometres away

9 December 2019 Time: 19:38
Barminco has announced that it successfully piloted an operations centre that allows it to remotely manipulate, from the comfort of an office, underground equipment used at mine sites around the world.
 

Altair Launches All-In-One Industrial Design Solution

21 October 2019 Time: 18:32
Altair Inspire Studio enables designers, architects and digital artists to create, evaluate and visualize design ideas faster than ever before
 

Iran, Armenia to Broaden IT Cooperation

9 October 2019 Time: 19:26
Iranian Minister of Communications and Information Technology Mohammad Javad Azari Jahromi in a meeting with his Armenian counterpart Hakob Arshakyan in Yerevan vowed to further develop bilateral relations.
 

BHP and Klaveness Digital partner to develop maritime platform to optimize supply chain

5 October 2019 Time: 21:08
BHP’s, (NYSE: BHP) Maritime and Supply Chain Excellence team and Klaveness Digital are working together to drive the development of new shipping and logistics platforms to improve the way the industry collaborates and shares scheduling and vessel information, BHP said in an emailed statement.
 

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.
 

University study confirms porphyry systems at Jaxon’s BC project

14 July 2019 Time: 17:45
Quartz tourmaline breccia has been identified as indicative of porphyry systems at Jaxon Mining’s (TSXV: JAX) Red Springs project in western Canada.
 

Amirkabir University to Launch Tech Complex

18 May 2019 Time: 14:31
Tehran-based Amirkabir University of Technology plans to launch a technology complex in collaboration with the state-owned Bank of Industry and Mine.
 

Sharif University Wins ICPC Bronze Medal

8 April 2019 Time: 16:31
A computer programming team from Tehran’s Sharif University of Technology won a bronze medal during the 43rd round of the International Collegiate Programming Contest (ICPC 2019). The contest was held in Portugal from March 31-April 5.
 

Iran, China Firm to Expand Cooperation on Knowledge-Based Economy

12 November 2019 Time: 17:11
Tehran and Beijing are resolute to broaden mutual cooperation in areas of knowledge-based economy as an Iranian delegation of knowledge-based companies is on a tour of China.
 

Iranian Delegation to Visit China’s Hi-Tech Fair

11 October 2019 Time: 18:57
An Iranian delegation is planning to visit China’s Hi-Tech Fair, also known as CHTF 2019, from Nov. 10-14 in Shenzhen to expand bilateral ties and collaborations with innovative and knowledge-based companies and startups in the host country.
 

Iran, Russia to Boost Cooperation on Vocational Training

25 August 2019 Time: 19:08
Iranian and Russian officials discussed avenues to increase mutual cooperation between the two countries in area of vocational training.
Scrap & Recycling
 

Japan's imports of unwrought aluminium and scrap drop in Jan-Sept 2019; semi-finished imports up

10 December 2019 Time: 18:12
Japan, a key producer of aluminium semi-finished products, which procures its aluminium through import and secondary recovery produced 67,000 tonnes of secondary aluminium in the month of September, Japan Aluminium Association data shows.
 

Turkish mills retain suitable scrap-rebar margin

6 December 2019 Time: 20:43
Turkish steelmakers have maintained real term spreads between scrap purchases and rebar sales at around $170/t throughout November and December, despite the spread between current scrap and rebar prices dropping to below $150/t this week.
 

Alliance gets air permit for Arizona Al smelter

4 December 2019 Time: 17:09
Arizona has granted prospective secondary aluminum smelter Alliance Metals an air permit, paving the way for the next steps in the project that is expected to break ground in mid/late 2020.
METALLURGY
 

Constellium’s rolling operations in Singen achieve ASI Chain of Custody Standard Certification

12 December 2019 Time: 21:36
Constellium’s casting and rolling operations in Singen, Germany, have been certified against Aluminium Stewardship Initiative’s (ASI) Chain of Custody Standard for responsible production, sourcing and stewardship of aluminium.
 

5700t Closing Force - Italpresse Gauss builds Giant Die Casting Machine for premium Carmaker

12 December 2019 Time: 21:21
Italpresse Gauss, the Italian leader in fully automated, digitally enabled die casting technology, is set to deliver the first toggle-free two-platen die casting machine with a closing force of 5700t.
 

August Mössner - Service in a new Dimension

9 December 2019 Time: 17:53
That is why the service at August Mössner has more than one dimension. And it offers more than one solution. It offers competent employees, various ways of action and the latest technology. All with one goal: to make sure it works for you.
 

Primetals Technologies receives FAC for modernized DC twin electric arc furnace at Baosteel in Shanghai, China

6 October 2019 Time: 23:50
Primetals Technologies has received the final acceptance certificate (FAC) from China's Baoshan Iron & Steel Co. Ltd. (Baosteel) for the modernization of a more than 20 year old DC twin electric arc furnace at its Shanghai plant.
 

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.
 

China iron ore pellet: Prices rise on demand spike

10 December 2019 Time: 18:24
Seaborne pellet prices were higher on the back of seasonal winter stocking of direct-charge materials and profitable steel mills buying more medium- and high-grade iron ore to maintain peak production rates.
 

OCP to expand operations in Brazil

22 November 2019 Time: 13:28
Moroccan-based OCP will expand its facilities in Brazil, building four more warehouses in the country.
 

India: No Bids Received in SAIL Pig Iron Auction

18 November 2019 Time: 19:09
Steel Authority of India Ltd (SAIL) - a govt. owned steel producer conducted auction for around 6,100 MT steel grade pig iron today from its Rourkela Steel plant (eastern India). The auction received weak response as entire offered quantity remained unsold.
 

Hot-Strip Mill Revamping at Shougang Jingtang

9 December 2019 Time: 23:25
In May 2019, Shougang Jingtang (SGJT) in Tanghshan, China, assigned to Danieli the task of refurbishing hot-rolling line 2250, in operation since 2008, for process and performance improvements. The project included:
 

Sublance systems for Tangshan Reafon and Hegang Laoting

6 December 2019 Time: 23:36
Danieli Corus has signed two contracts for total four sublance systems to be installed in China.
 

Constellium Singen again relies on aluminum extrusion technology from SMS group

5 December 2019 Time: 12:00
Constellium Singen GmbH has contracted SMS group to supply a 45-MN extrusion press for its largest works in Germany. Based on a long-lasting business relationship, Constellium Singen again counts on the technological expertise of SMS group.
 

Tehran hosting 2 intl. expos

29 November 2019 Time: 10:16
Tehran Permanent International Fairgrounds is hosting the 16th edition of Iran’s international exhibition of metallurgy, dubbed IRAN METAFO 2019, and the 26th international exhibition of printing, packing and related machinery during November 29-December 2, IRNA reported.
 

Indian met coke imports hit multi-year low in September

6 November 2019 Time: 17:57
Indian imports of metallurgical coke fell to the lowest level in more than a year as the country's steel industry struggled, while mills that were still importing moved away from China for their supplies.
 

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.
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