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NEWS
News Archive
Aluexpo 2019
IRON and STEEL
 

Brumadinho dam disaster keeps hurting Vale: iron ore output falls 34%

22 July 2019 Time: 22:53
Brazil’s Vale (NYSE:VALE), the world’s No.1 iron ore miner, saw output of the steelmaking commodity collapse by almost 34% in the second quarter of the year, compared to the same period in 2018.
 

Quarterly sponge iron output up 13% year on year

22 July 2019 Time: 21:33
Production of sponge iron in Iran rose 13 percent during spring, which corresponds to the first quarter of Iranian calendar year, compared to the same period of time in the past year, IRNA reported on Monday.
 

Tata Steel aiming for 30mn t/yr capacity by 2025

22 July 2019 Time: 11:52
Indian private-sector firm Tata Steel is aiming to expand its crude steel capacity to 30mn t/yr by 2025, from around 20mn t/yr currently.
Iron and Steel news archive
NON-FERROUS
 

Guinea seeks developers for Simandou iron ore deposit

22 July 2019 Time: 22:37
Guinea has launched an international tender for blocks 1 and 2 of Simandou, giving companies until Aug. 2 to outline their bids, as the country seeks to revive interest in the world’s largest undeveloped iron ore deposit.
 

China’s production and sales of motorcycles increased 2.83% MoM & 8.09% YoY in June 2019

21 July 2019 Time: 22:29
According to the latest data from the China Association of Automobile Manufacturers (CAAM), production and sales of motorcycles in June improved across China both year-on-year, as well as month-on-month basis.
 

OCEA launches world's largest aluminium OPV for the Coast Guard of the Philippines

21 July 2019 Time: 22:21
French shipyard OCEA launched OPV 270, its largest vessel to date, solely designed and built by them, on July 17 2019 at its shipyard in Les Sables d’Olonne. The 84 meters long OPV 270 was selected by the Coast Guard of the Philippines and the Department of Transportation (DOTr) during an international competition. She is also the largest aluminium OPV built in the world. The vessel will be called "Gabriela Silang"
Aluminium news archive
 

Mongolia seeks to rewrite Oyu Tolgoi deal with Rio

20 July 2019 Time: 14:24
Mongolian legislators will vote next month whether to rewrite a 2015 investment agreement with mining giant Rio Tinto (ASX, LON, NYSE:RIO) for the massive Oyu Tolgoi copper-gold mine, located in the Gobi Desert.
 

Nickel price catches battery, export ban fever. Again

19 July 2019 Time: 16:06
Nickel is adding shine to the otherwise lacklustre 2019 industrial metals complex, as expectations of booming demand from electric vehicles and renewed supply worries rev prices to a one-year high.
 

Chile a step closer to scrapping copper sales funding for military

19 July 2019 Time: 15:39
Chilean lawmakers have unanimously approved changes to a law that forces state-own Codelco, the world’s largest copper producer, to transfer 10% of its annual export sales to the country’s armed forces.
Copper news archive
 

India to impose ADDs on coated steel imports

18 July 2019 Time: 14:35
India's directorate-general of trade remedies (DGTR) has recommended anti-dumping duties (ADDs) of varying rates for imports of aluminium and zinc-coated steel products from China, South Korea and Vietnam.
 

46% Decline in Iran's Lead, Zinc Ore Extractions

17 July 2019 Time: 21:30
Major Iranian lead and zinc producers extracted 207,788 tons of ores during the first three Iranian months (March 21-June 21), which indicates a 46% fall in production compared with last year’s corresponding period, the Iranian Mines and Mining Industries Development and Renovation Organization’s latest report shows.
 

Indian Govt Recommends Imposition of Provisional Anti Dumping Duty on Galvalume Steel Products

17 July 2019 Time: 12:48
Indian govt has issued preliminary findings in its initiated investigation of anti-dumping on the imports of Aluminum and Zinc coated flat products originating in or exported from China PR, Vietnam and Korea RP.
Lead and Zinc news archive
 

Serabi Gold moving forward with permitting third Brazilian mine, keeps guidance

22 July 2019 Time: 22:42
Brazil-focused Serabi Gold (LON,TSX: SBI) said Monday it remained on track to produce between 40,000 and 44,000 ounces of the precious metal this year from its Palito and Sao Chico mines in the country’s north, almost 19% more than the 37,108 ounces it churned out last year.
 

Weak demand takes shine off Petra Diamonds revenue

22 July 2019 Time: 22:33
South Africa’s Petra Diamonds (LON:PDL) on Monday became the latest victim of weak demand for precious stones that is crippling the industry after reporting full-year revenue below analysts’ estimates.
 

Gold price falls back from 6-year highs

20 July 2019 Time: 14:42
After hitting six-year highs overnight, gold fell back in busy Friday morning dealings as investors indulged in profit-taking ahead of the weekend.
Precious Metals news archive
 

Europe’s largest lithium project could be up and running mid-2022 -EMH

22 July 2019 Time: 22:49
European Metals Holdings could begin operations at its Cinovec lithium project in the Czech Republic by mid-2022, and is holding preliminary discussions with potential customers, it said on Monday.
 

Canadian lithium junior surges 45% after $460m injection

20 July 2019 Time: 14:33
Shares in Nemaska Lithium Inc soared on Friday after the company announced it has received a letter of intent for a $460m (C$600m) investment from specialist mining investment firm, Pallinghurst.
 

Nickel price catches battery, export ban fever. Again

19 July 2019 Time: 16:06
Nickel is adding shine to the otherwise lacklustre 2019 industrial metals complex, as expectations of booming demand from electric vehicles and renewed supply worries rev prices to a one-year high.
Non-Ferrous news archive
MINERALS
 

Brumadinho dam disaster keeps hurting Vale: iron ore output falls 34%

22 July 2019 Time: 22:53
Brazil’s Vale (NYSE:VALE), the world’s No.1 iron ore miner, saw output of the steelmaking commodity collapse by almost 34% in the second quarter of the year, compared to the same period in 2018.
 

Guinea seeks developers for Simandou iron ore deposit

22 July 2019 Time: 22:37
Guinea has launched an international tender for blocks 1 and 2 of Simandou, giving companies until Aug. 2 to outline their bids, as the country seeks to revive interest in the world’s largest undeveloped iron ore deposit.
 

Quarterly sponge iron output up 13% year on year

22 July 2019 Time: 21:33
Production of sponge iron in Iran rose 13 percent during spring, which corresponds to the first quarter of Iranian calendar year, compared to the same period of time in the past year, IRNA reported on Monday.
Iron Ore news archive
 

Anglo American ramps up 2Q iron ore, coking coal output

18 July 2019 Time: 14:22
UK-South African mining firm Anglo American increased coking coal production in the second quarter after completing longwall moves. Its global iron ore output continued to rise following a restart at the Minas-Rio mine in Brazil.
 

BHP aims to cut thermal coal output for next year, raise quality

18 July 2019 Time: 14:03
The world’s biggest miner, BHP Group , on Wednesday said it planned to produce less thermal coal in the coming financial year and that it would wash it instead as part of a drive to raise the quality of the commodity.
 

Two new coal mine proposals under review in British Columbia

17 July 2019 Time: 17:50
Continued strong global demand for steelmaking coal, especially in China and India, may be behind two new coal mine proposals in Canada’s British Columbia province.
Coal news archive
 

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.
Cement & Concrete news archive
 

World record: Ultra-thin hot rolled strip with a thickness of 0.6 millimeters produced on Arvedi ESP line supplied by Primetals Technologies

29 January 2019 Time: 18:30
In October 2018, an Arvedi ESP (Endless Strip Production) line installed in a plant belonging to the Chinese steel producer Rizhao Steel Group Co., Ltd (Rizhao) produced ultra-thin hot strip with a thickness of just 0.6 millimeters for the very first time.
 

Outotec to deliver a mine paste backfill system to Canada

29 January 2019 Time: 18:10
Outotec has been awarded a contract to design and deliver a mine paste backfill system to a nickel mine in Canada.
 

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.
Mach. & Equ. news archive
 

Serabi Gold moving forward with permitting third Brazilian mine, keeps guidance

22 July 2019 Time: 22:42
Brazil-focused Serabi Gold (LON,TSX: SBI) said Monday it remained on track to produce between 40,000 and 44,000 ounces of the precious metal this year from its Palito and Sao Chico mines in the country’s north, almost 19% more than the 37,108 ounces it churned out last year.
 

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.
 

Barrick strikes deal with Acacia after sweetening offer, takeover imminent

20 July 2019 Time: 14:18
Canada’s Barrick Gold (TSX:ABX)(NYSE:GOLD) has bowed to pressure from Acacia Mining’s (LON:ACA) minority shareholders, offering on Friday a sweetened deal for the African miner that would give Barrick full control.
Minerals news archive
Auto
 

Domestic manufacturing of imported auto parts to be strengthened

22 July 2019 Time: 21:16
In mid-May, Iranian Industry, Mining and Trade Minister Reza Rahmani issued a directive on “strengthening domestic manufacturing of imported auto parts”.
 

Iran to save €85m in a year by indigenizing auto parts

22 July 2019 Time: 21:02
Iranian Deputy Industry, Mining and Trade Minister for Industrial Affairs Farshad Moqimi said the country’s car makers will soon sign deals worth $7.4 trillion rials (about €157.4 million) with domestic spare parts manufacturers, which will save the country €85 million in a year.
 

China’s production and sales of motorcycles increased 2.83% MoM & 8.09% YoY in June 2019

21 July 2019 Time: 22:29
According to the latest data from the China Association of Automobile Manufacturers (CAAM), production and sales of motorcycles in June improved across China both year-on-year, as well as month-on-month basis.
Auto news archive
Cable & Wire
Cable & Wire news archive
ECONOMY
 

Stock market value reaches $285.7b

22 July 2019 Time: 21:39
The value of stock market in Iran reached 12.282 quadrillion rials (about $285.714 billion) at the end of the third Iranian calendar month of Khordad (June 21), Securities and Exchange Organization (SEO) published on its website SENA on Sunday.
 

IRENEX to hold 13th round of offering light crude oil on Tuesday

22 July 2019 Time: 21:20
National Iranian Oil Company (NIOC) will offer two million barrels of light crude oil at Iran Energy Exchange (IRENEX) on Tuesday, IRNA reported.
 

Commodities worth $642m traded at IME in a week

22 July 2019 Time: 21:12
During weekdays ending up to July 18, while 589,761 million tons (MT) of commodities worth over $642 million were traded at Iran Mercantile Exchange (IME), the trading volume and value experienced a growth of 46 percent and 37 percent, respectively.
Mercantile Exchange news archive
 

Stock market value reaches $285.7b

22 July 2019 Time: 21:39
The value of stock market in Iran reached 12.282 quadrillion rials (about $285.714 billion) at the end of the third Iranian calendar month of Khordad (June 21), Securities and Exchange Organization (SEO) published on its website SENA on Sunday.
 

Iran to Offer 2mln Barrels of Condensate on Energy Bourse

14 July 2019 Time: 17:53
The National Iranian Oil Company (NIOC) announced on Sunday that it is due to offer 2 million barrels of gas condensates in the international ring of the Iran Energy Exchange (IRENEX) on Tuesday in a move to bypass Washington’s unilateral sanctions against Tehran.
 

Iran to Offer 2mln Barrels Crude on Energy Bourse

30 June 2019 Time: 19:25
The National Iranian Oil Company (NIOC) announced on Sunday that it is due to offer 2 million barrels of crude oil in the international ring of the Iran Energy Exchange (IRENEX) on Tuesday, in a move to bypass Washington’s unilateral sanctions against Tehran.
Energy Exchange news archive
 

Stock market value reaches $285.7b

22 July 2019 Time: 21:39
The value of stock market in Iran reached 12.282 quadrillion rials (about $285.714 billion) at the end of the third Iranian calendar month of Khordad (June 21), Securities and Exchange Organization (SEO) published on its website SENA on Sunday.
 

Launching integrated forex market in last stages: CBI

22 July 2019 Time: 21:10
Central Bank of Iran (CBI) announced that launching integrated forex market in the country is in the last stages, IRIB reported.
 

Tehran Stock Exchange to Launch Prime Market

21 July 2019 Time: 21:39
Tehran Stock Exchange plans to unveil a new market it calls ‘prime market’ within the stock market, head of the TSE said.
Exchange & Stocks news archive
 

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.
Insurance news archive
 

Domestic manufacturing of imported auto parts to be strengthened

22 July 2019 Time: 21:16
In mid-May, Iranian Industry, Mining and Trade Minister Reza Rahmani issued a directive on “strengthening domestic manufacturing of imported auto parts”.
 

Iran to save €85m in a year by indigenizing auto parts

22 July 2019 Time: 21:02
Iranian Deputy Industry, Mining and Trade Minister for Industrial Affairs Farshad Moqimi said the country’s car makers will soon sign deals worth $7.4 trillion rials (about €157.4 million) with domestic spare parts manufacturers, which will save the country €85 million in a year.
 

China – Holding of the Sino-French Industrial Cooperation Forum in Chongqing

19 July 2019 Time: 14:53
On July 5, 2019, the Vice Minister of MIIT, Xin Guobin, cochaired with the French Ministry of Economy and Finance, Thomas Courbe, the 7th Sino-French Industrial Cooperation Forum held in Chongqing.
Industry news archive
 

Tehran Chamber of Commerce proposes govt. budget reforms

22 July 2019 Time: 21:48
Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) has put forward three specific proposals for the government to carry out a structural overhaul of its budget.
 

Govt. economic committee approves mechanism for mining cryptocurrencies

22 July 2019 Time: 21:34
Iranian government’s economic committee on Sunday approved a mechanism for mining cryptocurrencies as Iran rushes to bring its growing mining farms in line with national laws, Mehr news agency reported.
 

Bank loans to economic sector rise 20% yr/yr

22 July 2019 Time: 21:29
Iranian banking system offered nearly 13 quadrillion rials (over $309.5 billion) facilities to domestic economic sectors during the past Iranian calendar year (March 21, 2018-March 20, 2019), to register a 20 percent raise in comparison with the year before, Central Bank of Iran (CBI) data showed.
Banks news archive
 

Over $9b needed for completing semi-finished projects: industry min.

17 July 2019 Time: 20:19
Iranian Industry, Mining and Trade Minister Reza Rahmani said 390 trillion rials (nearly $9.3 billion) is required to finish unfinished projects with over 60 percent physical progress, Shata reported.
 

Iran Allocates $2.4bln to Funding Small Enterprises

15 July 2019 Time: 22:52
Governor of the Central Bank of Iran Abdolnasser Hemmati said that Tehran is serious to support small and medium-sized enterprises (SMEs), adding that the government will fund SMEs with more than $2.4 billion by March 202
 

Should Iran private sector invest in failed Pakistan Steel Mills?

12 July 2019 Time: 22:43
Islamabad is studying plans to privatise its bankrupt steel maker. But, it needs over $100m and such huge investment is hard to come by in cash-stripped Pakistan. Iran Chamber Newsroom analyses if Iranian private steel makers should invest in PSM.
Investment news archive
 

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.
 

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.
Infrastructure news archive
 

Europe’s largest lithium project could be up and running mid-2022 -EMH

22 July 2019 Time: 22:49
European Metals Holdings could begin operations at its Cinovec lithium project in the Czech Republic by mid-2022, and is holding preliminary discussions with potential customers, it said on Monday.
 

124% Rise in Iran's Non-Oil Trade With Austria

21 July 2019 Time: 21:35
Iran traded 76,689 tons of non-oil goods worth $33.23 million with Austria during the first Iranian month (March 21-April 20) to register a 381.28% and 124.12% growth in tonnage and value respectively compared with last year’s corresponding period, latest data released by the Islamic Republic of Iran Customs Administration show.
 

Caofeidian freezes seaborne coal customs declaration

16 July 2019 Time: 15:48
China's Caofeidian port in Tangshan, Hebei province, has put a freeze on customs declarations for all imported coal with effect from 16 July, stoking fears that similar restrictions will be placed on other north China ports.
Customs news archive
 

Tehran Chamber of Commerce proposes govt. budget reforms

22 July 2019 Time: 21:48
Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) has put forward three specific proposals for the government to carry out a structural overhaul of its budget.
 

Bank loans to economic sector rise 20% yr/yr

22 July 2019 Time: 21:29
Iranian banking system offered nearly 13 quadrillion rials (over $309.5 billion) facilities to domestic economic sectors during the past Iranian calendar year (March 21, 2018-March 20, 2019), to register a 20 percent raise in comparison with the year before, Central Bank of Iran (CBI) data showed.
 

Commodities worth $642m traded at IME in a week

22 July 2019 Time: 21:12
During weekdays ending up to July 18, while 589,761 million tons (MT) of commodities worth over $642 million were traded at Iran Mercantile Exchange (IME), the trading volume and value experienced a growth of 46 percent and 37 percent, respectively.
Economy news archive
GEOLOGY
 

Old Nakhlak has become young!

25 May 2019 Time: 11:47
Me-Metals: Behrouz Borna; member of Iran Minerals Production and Supply Company (IMPASCO) board of directors said: Regarding high attention of IMPASCO to the exploration sectors and extensive exploration operations in some parts of country, we have been able to convert Lead mine of Nakhlak which didn’t have harvestable resources before and had been changed to old Nakhlak, to young Nakhlak through exploring new resources.
 

India: Karnataka Govt Invites Bid for 4 Iron Ore Blocks

22 May 2019 Time: 12:51
Department of Mines and Geology (Govt. of Karnataka) has floated the tender for auctioning of 4 iron ore blocks in Karnataka for its 4th phase.
 

Old Nakhlak has become young!

29 April 2019 Time: 12:34
ME-METALS – Behrouz Borna; member of Iran Minerals Production and Supply Company (IMPASCO) board of directors said: regarding high attention of IMPASCO to exploration sectors and extensive exploration operations in some parts of the country, we have been able to convert Lead mine of Nakhlak which didn’t have harvestable resources before and had been changed to old Nakhlak, to young Nakhlak through exploring new resources.
Geology news archive
ENVIRONMENT
 

Correcting Historic Sea Surface Temperature Measurements

22 July 2019 Time: 20:57
Why did the oceans warm and cool at such different rates in the early 20th century? New research points to an answer both as mundane as a decimal point truncation and as complicated as global politics. Part history, part climate science, this research corrects decades of data and suggests that ocean warming occurred in a much more homogenous way.
 

Mexico’s environmental authority investigates Grupo Mexico’s spill

15 July 2019 Time: 13:40
Mexico’s Federal Attorney for Environmental Protection or Profepa launched an investigation against Grupo Mexico following the failure of a pressure valve of a tank that receives purges from the shipping lines at the Maritime Terminal of Guaymas in the northwestern Sonora state.
 

NALCO’s bauxite mine bags Golden Peacock Environment Management Award 2019

14 July 2019 Time: 19:40
The bauxite mine of National Aluminium Company Ltd (NALCO), located in the picturesque Koraput district of Odisha, has bagged the coveted ‘Golden Peacock Environment Management Award’ for the year 2019 for setting global benchmarks in Environmental Management.
Environment news archive
ENERGY
 

Iranian oil irreplaceable, Zanganeh says

22 July 2019 Time: 21:30
Iranian Oil Minister Bijan Namdar Zanganeh said no country can replace Iranian oil in the global market, Mehr news agency reported on Sunday.
 

IRENEX to hold 13th round of offering light crude oil on Tuesday

22 July 2019 Time: 21:20
National Iranian Oil Company (NIOC) will offer two million barrels of light crude oil at Iran Energy Exchange (IRENEX) on Tuesday, IRNA reported.
 

A review on govt. plan to barter oil for dues to private sector

22 July 2019 Time: 21:18
The regulatory body of the government has been recently preparing the draft for a bartering system which is set to settle the government dues to the private power plant owners and electricity contractors.
Oil news archive
 

800km of gas pipelines to be added to national network by Mar. 2020

22 July 2019 Time: 21:37
Head of Iranian Gas Engineering and Development Company (IGEDC) said the company plans to build 800 kilometers of pipelines for gas transmission by the end of the current Iranian calendar year (March 20, 2020).
 

Iran's refining capacity grows nearly 40% since March 2017

22 July 2019 Time: 21:06
Head of National Iranian Oil Refining and Distribution Company (NIORDC) said Iran’s crude oil and gas condensate refining capacity has increased by 38.8 percent since 2017.
 

1st Refinery of Phase 14 Online by November

21 July 2019 Time: 21:53
The CEO of Pars Oil and Gas Company (POGC) said the onshore refining unit of Phase 14 of supergiant South Pars gas field would become operational by November 2019.
Gas news archive
 

Iran's refining capacity grows nearly 40% since March 2017

22 July 2019 Time: 21:06
Head of National Iranian Oil Refining and Distribution Company (NIORDC) said Iran’s crude oil and gas condensate refining capacity has increased by 38.8 percent since 2017.
 

Iran Willing to Invest in India Refinery

21 July 2019 Time: 21:21
Iran is willing and ready to invest in the development of Nagapattinam refinery in Southern Tamil Nadu state, a senior Iranian diplomat said in New Delhi on Wednesday.
 

Sa’adatabad Oilfield Development Plan on Track

21 July 2019 Time: 21:15
Operations to increase output from Sa’adatabad Oilfield, in southern Fars Province, started Wednesday, with $18.7 million investment, managing director of the Central Iranian Oil Fields Company said.
Refining news archive
 

Equate lifts force majeure, restarts Kuwait SM unit

18 July 2019 Time: 14:43
Kuwait-based Equate Petrochemical, which operates Kuwaiti styrene producer TKSC, has restarted its 450,000 t/yr styrene monomer (SM) unit a week earlier than expected.
 

Plant Breaks Record in IPO

18 July 2019 Time: 12:58
Noori Petrochemical Plant, whose stocks were quoted in the Iranian stock market in its initial public offering (IPO), broke a new record as over 560,00 traders were involved in trading its shares on Saturday.
 

Domestic Building of 4 South Pars Platforms Saves Iran $150m

17 July 2019 Time: 20:05
Iran has saved as much as 150 million dollars by domestically manufacturing 4 platforms belonging to the massive South Pars gas field.
Petrochemical news archive
 

‘3000MW added to Iran’s power generation capacity since March’

17 July 2019 Time: 20:17
Some 3000 megawatts (MW) capacity of new power plants have been added to the country’s electricity network in the current Iranian calendar year (started on March 21) to supply the demands in the summer peak period, IRNA reported on Tuesday quoting an official with the energy ministry.
 

Rise in Electricity and Water Tariffs in Iran

6 April 2019 Time: 21:46
Aproposal by the Energy Ministry to raise water and electricity tariffs by 7% was ratified by the Cabinet. The new rates will go into effect on April 21, Barq News reported.
 

Water-Stressed Pakistan Looks for Donations to Build Dams

25 February 2019 Time: 13:21
As Pakistan faces worsening water scarcity - and trouble sourcing international cash for hydropower dams it says it needs - it has turned to an unlikely source of cash: A fundraising campaign backed by the country’s top court judges.
Water news archive
 

Govt. economic committee approves mechanism for mining cryptocurrencies

22 July 2019 Time: 21:34
Iranian government’s economic committee on Sunday approved a mechanism for mining cryptocurrencies as Iran rushes to bring its growing mining farms in line with national laws, Mehr news agency reported.
 

2nd phase of national smart metering program kicks off

22 July 2019 Time: 21:27
Iran’s Power Generation and Distribution Company (known as TAVANIR) and the Iranian Electrical Power Equipment Manufacturing and Provision Company (SATKAB) signed a memorandum of understanding (MOU) for installing five million smart electricity meters.
 

Iran to Earn $5bln by March from Energy Exports to Iraq

18 July 2019 Time: 13:05
Tehran will raise $5 billion revenues for its gas and electricity exports to neighboring Iraq by the end of the current local calendar year on March 20, 2020, said Secretary General of Iran-Iraq Joint Chamber of Commerce Seyed Hamid Hosseini on Tuesday.
Electricity news archive
 

JCPOA Joint Commission meeting scheduled for July 28: Iran Foreign Ministry

22 July 2019 Time: 21:45
Iran's Foreign Ministry spokesman says an urgent meeting of the Joint Commission on the implementation of the Iran nuclear deal will be held at the level of political deputies and directors in the Austrian capital city of Vienna in late July.
 AEOI Chief:

Bushehr Nuclear Power Plant Saving 11 Million Barrels of Oil for Iran

22 July 2019 Time: 20:54
Head of the Atomic Energy Agency of Iran (AEOI) Ali Akbar Salehi underlined the need for the country to shift to new energy resources, and said that nuclear power plants can help reduce Iran’s dependence on oil.
 

AEOI Chief: Bushehr Nuclear Power Plant Saving 11 Million Barrels of Oil for Iran

22 July 2019 Time: 14:25
Head of the Atomic Energy Agency of Iran (AEOI) Ali Akbar Salehi underlined the need for the country to shift to new energy resources, and said that nuclear power plants can help reduce Iran’s dependence on oil.
Nuclear news archive
 

Researchers get A$1m to develop solar power system that works at night

15 July 2019 Time: 18:01
Researchers at Curtin University are working on a thermal battery that is part of the Concentrated Solar Power system being developed by United Sun Systems, which requires a battery to store and release energy to enable non-stop solar power generation.
 

China’s Fight Against Pollution to Generate Billions in Solar Income

14 July 2019 Time: 19:28
China’s efforts to reduce some of the world’s worst air pollution are having a bonus positive effect, as they are improving the country’s potential to generate solar power by allowing more sunlight to reach the surface of the planet in that part of the world.
 

Iran 90% self-sufficient in renewables equipment

12 July 2019 Time: 21:58
Head of Iran’s Renewable Energy and Energy Efficiency Organization (known as SATBA) said on Thursday that currently 90 percent of the equipment used in the country’s renewable power plants are manufactured inside the country.
Renewable Energy news archive
 

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.
Wind Energy news archive
 

800km of gas pipelines to be added to national network by Mar. 2020

22 July 2019 Time: 21:37
Head of Iranian Gas Engineering and Development Company (IGEDC) said the company plans to build 800 kilometers of pipelines for gas transmission by the end of the current Iranian calendar year (March 20, 2020).
 

2nd phase of national smart metering program kicks off

22 July 2019 Time: 21:27
Iran’s Power Generation and Distribution Company (known as TAVANIR) and the Iranian Electrical Power Equipment Manufacturing and Provision Company (SATKAB) signed a memorandum of understanding (MOU) for installing five million smart electricity meters.
 

Mobile Oil Separator Launched in South Yaran Field

22 July 2019 Time: 20:52
A Mobile Oil Separator (MOS) has been launched in South Yaran Oilfield.
Mach. & Equ. news archive
 

A review on govt. plan to barter oil for dues to private sector

22 July 2019 Time: 21:18
The regulatory body of the government has been recently preparing the draft for a bartering system which is set to settle the government dues to the private power plant owners and electricity contractors.
 

Iran to Earn $5bln by March from Energy Exports to Iraq

17 July 2019 Time: 19:58
Tehran will raise $5 billion revenues for its gas and electricity exports to neighboring Iraq by the end of the current local calendar year on March 20, 2020, said Secretary General of Iran-Iraq Joint Chamber of Commerce Seyed Hamid Hosseini on Tuesday.
 

Liberty Ostrava increases steel prices by €20/t

16 July 2019 Time: 15:30
UK-based steelmaker Liberty Steel has boosted offers by €20/t ($22.46/t) at its recently acquired Ostrava steelworks in the Czech Republic to offset raw material and energy cost increases, as it implements a 20pc production cut.
Energy news archive
Transportation
 

Iran, Oman to Expand Airport Cooperation

15 July 2019 Time: 23:01
An Iranian airline and an Omani holding company signed an agreemnt to increase bilateral relations and joint cooperation in airport services.
 

World’s Airlines Returning to Iran’s Airspace, Ignoring US Warnings

4 July 2019 Time: 18:46
The airlines that had rerouted their flights to keep away from Iranian skies after a NOTAM (notice to airmen) issued by the US are now returning to their conventional routes through Iran’s airspace as they are safer and more economical, Iran’s Airports Company (IAC) announced.
 

Iran’s Flag-Carrier Boasts Self-Sufficiency in Maintenance

2 July 2019 Time: 18:06
Director General of Iran Air Touraj Zangeneh said on Tuesday that his company has achieved self-sufficiency in repairing and maintaining its fleet, despite the US unilateral sanctions which have cut the flag-carrier’s access to parts and technical supports from original makers.
Aviation & Airports news archive
 

SSAB Americas expects stable steel shipments in 3Q

20 July 2019 Time: 15:10
The US subsidiary of Swedish steelmaker SSAB expects steel shipments in the third quarter to remain at similar levels as the prior three months.
 

Iran detains 2 tankers in Mideast Gulf: Update 4

20 July 2019 Time: 14:48
Iran detained two oil tankers as they transited the strait of Hormuz but has released one of the vessels.
 

Australia: Iron Ore Exports Surge 18% in Q2 CY19

18 July 2019 Time: 21:02
Australia - world's largest iron ore exporter has recorded rise in iron ore shipment for second quarter CY19, according to the vessel line up data maintained with SteelMint. Australia's iron ore export shipments recorded at 222.49 MnT in Q2 CY'19, up 18% as compared to 187.91 MnT in Q1 CY'19.
Sailing Ports & Shipping news archive
 

Iran to cooperate with Jordan in rail industry

15 July 2019 Time: 23:20
Islamic Republic of Iran Railways (known as RAI) is going to cooperate with Jordan Railway Corporation (JRC) for developing railway infrastructure in the country and providing technical-engineering services as well as manufacturing fleet wagons, Mehr news agency reported on Sunday.
 

Iran-Turkey Train Services Resume

25 June 2019 Time: 15:11
Apassenger train resumed a weekly service on Tehran-Tabriz-Van Railroad at 9:30 a.m. on Monday, after it was suspended for nearly four years.
Rail & Railways news archive
 

Hebei Sitong New Metal Material Co., Ltd. becomes new Production & Transformation member of ASI

14 July 2019 Time: 19:50
Hebei Sitong New Metal Material Co., Ltd. has joined Aluminium Stewardship Initiative as a Production & Transformation member, ASI announced on Thursday, 11 July 2019. The company, founded in 1998, focuses on R&D, production and sales of functional intermediate alloy, new materials and aluminium alloy wheel lightweight in China.
 

Asia Logistics, Transportation Expo to Open in Tehran in December

14 July 2019 Time: 18:29
The Iranian capital city of Tehran will host The 4th edition of the Logistics, Transportation, and Related Industries Exhibition of Asia (Asia Logitrans Expo. 2019) from December 15 to 17, 2019.
 

Banking, transportation are main challenges in Iran-Malaysia trade

12 July 2019 Time: 21:53
Malaysian Ambassador to Iran Datuk Rustam Yahaya said banking relations and transportation are the main challenges facing Iran and Malaysia in the way of boosting economic relations, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.
Transportation news archive
Housing & Building
 

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.
 

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.
Stones news archive
 

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.
Tiles & Ceramics news archive
 

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.
Mach. & Equ. news archive
 

Construction Permits Decline in Q3

2 July 2019 Time: 16:43
The number of construction permits issued in Iran decreased during the third quarter of the last fiscal year that ended on Dec. 21, 2018, compared with the preceding quarter (ended Sept. 22, 2018), the Statistical Center of Iran's latest report showed.
Economy & Housing news archive
 

MCC Raises Loan Ceiling for Rural Housing and Jobs

18 May 2019 Time: 14:41
The Money and Credit Council - a top financial decision-making body affiliated to the Central Bank of Iran - approved a decision Wednesday to raise the ceiling of loans allocated for renovating rural residential units and interest-free loans for job creation.
 

86% Rise in Tehran Home Prices

25 February 2019 Time: 13:27
The average price of each square meter of a residential unit in Tehran stood at 100.6 million rials ($76.8) in the 11th Iranian month (Jan. 21-Feb. 19), showing a 3% rise compared with the preceding month and an 86% increase compared with the same month of last year.
 

Iran to Provide Engineering Services for Dam Construction in Africa

28 January 2019 Time: 18:05
An Iranian firm will provide engineering consultancy services for the construction of a major dam on the Rufiji River in Tanzania, where the $3 billion project is expected to create the largest reservoir in East Africa and double the electricity supply of the country.
Housing & Building news archive
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.
R&D news archive
 

Road Minister: Iran Joins Radar Exporting Club of Nations

21 July 2019 Time: 21:48
Road and Urban Development Minister Mohammad Eslami underlined said Iran has developed its radar technology to an extent that it is turning into an exporter of such systems.
 

Qatar Eyeing Iran’s Telecommunication Helps in 2020 FIFA World Cup

20 July 2019 Time: 12:27
Qatari Minister of Transport and Communications Jassim Saif Ahmed Al Sulaiti voiced his country's eagerness for cooperation with Iranian telecommunication companies in the 2022 FIFA World Cup.
 

4 Nations Discuss Regional ICT Pact

18 July 2019 Time: 12:01
ICT ministers of Iran, Russia, Azerbaijan and Turkey discussed the creation of a regional pact on infomation and communications technology.
New Technologies news archive
 

Elecomp 2019 Set to Curb Paper Consumption

9 July 2019 Time: 19:57
To outline plans for the 25th International Exhibition of Electronics, Computers and e-Commerce (Elecomp 2019), Iran IT Organization and the ICT Guild Organization held a conference in Tehran on Saturday.
 

Minister: Iran, China United against US Unilateralism in IT Sector

30 June 2019 Time: 19:56
Iranian Minister of Communications and Information Technology Mohammad Javad Azari Jahromi described China as Iran's important partner in digital economy, and said both states are standing in the same front to confront the US unilateralism in the field of information technology (IT).
 

Cyber Police to Help Stop Ad Message Spammers

3 June 2019 Time: 23:12
Iranian Cyber Police will counter companies sending advertisements to mobile network subscribers, Communications Regulatory Authority announced.
Software & IT news archive
 

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.
Know-how news archive
 

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.
Universites news archive
 

Iranian Tech Firms to Participate in Hungary’s Telecom Exhibition

4 July 2019 Time: 16:25
Iranian knowledge-based companies will participate in International Telecommunications Union's Telecom World 2019 exhibition (known as ITU Telecom World 2019) taking place on Sept. 9-12 in Budapest, Hungary's capital.
 

Clampdown on Annoying Mobile Ad Senders Continues

8 April 2019 Time: 16:38
As part of moves to curb unwanted and annoying text message ads, Iran’s Communications Regulatory Authority has blocked about 120,000 mobile phone numbers since November 2017, when an automated monitoring system came into effect.
 

Student Robotic Contest in Tehran

2 March 2019 Time: 19:24
Anational student robotic contest Roboticup 2019 opened Thursday at the Tehran University with the participation of more than a thousand elementary and high school students.
Sciences news archive
Scrap & Recycling
 

China’s ferrous scrap prices rise to 2019 highs

22 July 2019 Time: 14:33
China's ferrous scrap prices have risen to new 2019 highs, as high utilisation rates for electric arc furnaces (EAFs) and new restrictions on imports took effect from 1 July.
 

Indian Imported Scrap Market Standstill; Offers Rangebound

20 July 2019 Time: 15:46
SteelMint learned from industry participants that Indian market has remained less viable for scrap imports for yet another week. Offer levels remained rangebound in very limited trades reported so far.
 

South Korean Steel Mills Book Russian Scrap

20 July 2019 Time: 15:33
As per updates received, in a recently concluded purchase, South Korean EAF steelmaker, Dongkuk Steel has booked 10,000 MT of A3 grade scrap from Russia at USD 287/MT, CFR South Korea. This price is around USD 7-8/MT less than the last contract for Russian scrap by South Korean steelmakers, which was signed for USD 294-295/MT, CFR in June’19.
Scrap & Recycling news archive
METALLURGY
 

HA draws positive GIFA balance

22 July 2019 Time: 11:44
The HA Group draws a very positive balance after GIFA 2019: "Our sales colleagues from all over the world have reported a high density of quality discussions and customer contacts," says Amine Serghini, Head of Global Sales and Marketing. "All these conversations are an inspiration and a challenge for us and we will do everything we can to deliver on our promises.”
 

Thomas Dudley Foundry proudly announces the new Disamatic D3-Z-425 is operating

19 July 2019 Time: 14:45
The company is delighted to announce that the brand new Disamatic D3-Z-425 moulding line is now fully operational.
 

DGH Sand Casting wins NEWCAST Award 2019

18 July 2019 Time: 13:40
DGH Sand Casting – E-housing with optimal function integration, possible with sandcasting
Foundry news archive
 

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.
Refractories news archive
 

Bentley unveils futuristic concept electric car made from aluminium and carbon fibre to mark its centenary anniversary

21 July 2019 Time: 22:17
Bentley marks its 100th birthday with a new futuristic concept car EXP 100 GT designed for the world of 2035. Unveiled at The Home of Bentley in Crewe, the autonomous and completely electric vehicle represents the British luxury car brand’s vision of future car design while preserving the heritage.
 

India: Imported Manganese Ore Prices Rises on Shortage at Chinese Ports

17 July 2019 Time: 17:24
Seaborne Manganese Ore prices raised amid shortage of material at Chinese Ports. South African Carbonate Ores price was raised last week and this week Australian and Gabonese Ores followed the suit. However, the sudden increase in the global freight rates have decreased margins on Manganese Ore Shipments.
 

Liberty Ostrava increases steel prices by €20/t

16 July 2019 Time: 15:30
UK-based steelmaker Liberty Steel has boosted offers by €20/t ($22.46/t) at its recently acquired Ostrava steelworks in the Czech Republic to offset raw material and energy cost increases, as it implements a 20pc production cut.
Materials news archive
 

Primetals Technologies pleased to announce 150th order in the last ten years for continuous caster process optimization

7 July 2019 Time: 23:12
One of China's largest steel producers recently awarded Primetals Technologies an order to optimize the processes of one of its continuous casters. This meant that the leading supplier of automation systems in the metallurgical industry celebrated its 150th order in the last ten years alone for process automation systems (Level 2) in continuous casting.
 

SMS group brings the future of metallurgical plant construction to life at METEC 2019 in Düsseldorf and invites visitors to exchange ideas

24 June 2019 Time: 23:58
SMS group, world market leader in plant construction and mechanical engineering for the steel and nonferrous metals industry, will be exhibiting as the “Leading Partner in the World of Metalsˮ at METEC 2019, the international trade fair for metallurgy, at Stand E22 in Hall 5. The event takes place from 25 June to 28 June 2019 in Düsseldorf under the motto “The Bright World of Metalsˮ.
 

Tata Steel Ltd. places order with SMS group for upgrade of CSP® continuous caster

24 June 2019 Time: 23:53
Tata Steel Ltd., India, has awarded SMS group the contract to upgrade its CSP® continuous caster at its plant in Jamshedpur.
Mach. & Equ. news archive
 

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.
Metallurgy news archive
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