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NEWS
News Archive
Aluexpo 2019
IRON and STEEL
 

Vietnam - Imported HRC Offers Inch Down as Chinese Mills Lower Offers

22 May 2019 Time: 23:18
This week imported HRC offers to Vietnam inch down by USD 5/MT on weekly basis after lowering of offers from Chinese mills amid weakening of Yuan against USD
 

India: Raipur Pellet Prices Hit 3-Month High

22 May 2019 Time: 23:12
Pellet offers for this week increased sharply in the recently concluded deals. SteelMint’s assessment stands at INR 6,900-7,000/MT (ex-Raipur, GST extra) against last week’s assessment of INR 6,600/MT. Current prices are hovering at 3-month high.
 

Indian Sponge Iron Prices to Likely to Remain Strong - Manufacturers

22 May 2019 Time: 23:08
Sponge iron market seems to remain strong, as per manufacturers in central & eastern India. Rising raw material prices & active demand are likely to keep Indian sponge iron prices supported, they added.
Iron and Steel news archive
NON-FERROUS
 

Confusing signals cloud London nickel market — opinion

21 May 2019 Time: 23:03
The London Metal Exchange (LME) nickel market was last week gripped by the most acute tightness in a decade.
 

Indoor rainforest maker to transform former Australian coal mine

21 May 2019 Time: 21:56
The creator of one of the world's largest indoor rainforests, UK-based charity The Eden project, has partnered with aluminum giant Alcoa (NYSE:AA) to build a $150 million eco-tourism attraction at the company’s former Anglesea coal mine, in Australia.
 

IMIDRO: Iran’s annual aluminum output exceeded 276,000 tons in March

9 May 2019 Time: 21:16
Iran produced 276,575 tons of aluminum in the year to March 2019, according to figures by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
Aluminium news archive
 

SolGold in talks to finance long-life Ecuador copper project

21 May 2019 Time: 23:17
SolGold is in talks with financiers keen to invest in its Ecuadorian copper-gold prospects and mining major BHP could increase its stake in the company, SolGold's chief executive said on Monday.
 

Zambia's Lungu seeks new investor in Vedanta-controlled copper miner

21 May 2019 Time: 23:10
Zambia has started looking for a new investor in Vedanta-controlled Konkola Copper Mines (KCM), Zambia's President Edgar Lungu said on state radio on Monday.
 

What soaring iron ore and faltering copper say about China — opinion

21 May 2019 Time: 22:22
The iron ore market is on a surge, the price last week punching up through the $100-per tonne level for the first time in five years.
Copper news archive
 

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.
 

Global silver demand up 4% in 2018

12 April 2019 Time: 15:34
The Silver Institute has released a report saying global silver demand rose 4% – to 1.03 billion oz. – in 2018. This is the first time since 2015 that demand has risen year-over-year.
 

Indian Govt Initiates Anti Dumping Investigation on Imports of Galvalume Steel Products

8 April 2019 Time: 13:56
Indian govt has 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
 

SolGold in talks to finance long-life Ecuador copper project

21 May 2019 Time: 23:17
SolGold is in talks with financiers keen to invest in its Ecuadorian copper-gold prospects and mining major BHP could increase its stake in the company, SolGold's chief executive said on Monday.
 

Victory Metals’ big vanadium find

21 May 2019 Time: 22:36
Vancouver-based Victory Metals (TSX-V:VMX) has big ambitions for its flagship Nevada vanadium project, Iron Point, based on a recent expansion to 5,382 hectares, drill results, and a $3.6 million private placement.
 

Canada’s Pure Gold starts trading in London

21 May 2019 Time: 22:32
Canada’s Pure Gold Mining (TSX-V: PGM) has begun trading on the main market of the London Stock Exchange under the ticker PUR, in a move aimed at lifting the company’s international profile ahead of its transition to producer from developer.
Precious Metals news archive
 

Lonmin plans to cut 4,100 workers as it closes platinum mines

21 May 2019 Time: 23:23
Lonmin Plc plans to cut 4,100 workers at mines that have run out of profitable ore and are being closed.
 

Confusing signals cloud London nickel market — opinion

21 May 2019 Time: 23:03
The London Metal Exchange (LME) nickel market was last week gripped by the most acute tightness in a decade.
 

Lithium Australia achieves high-purity lithium phosphate from waste materials

21 May 2019 Time: 22:27
Following the development of a process to generate lithium phosphate from waste materials, Lithium Australia (ASX: LIT) announced this week that its experts have now developed a technique for removing impurities from the lithium phosphate resulting in an exceptionally high-purity refined product.
Non-Ferrous news archive
MINERALS
 

Indian Sponge Iron Prices to Likely to Remain Strong - Manufacturers

22 May 2019 Time: 23:08
Sponge iron market seems to remain strong, as per manufacturers in central & eastern India. Rising raw material prices & active demand are likely to keep Indian sponge iron prices supported, they added.
 

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.
 

What soaring iron ore and faltering copper say about China — opinion

21 May 2019 Time: 22:22
The iron ore market is on a surge, the price last week punching up through the $100-per tonne level for the first time in five years.
Iron Ore news archive
 

Merkel cabinet approves $45B in aid for coal regions

23 May 2019 Time: 15:14
German Chancellor Angela Merkel’s cabinet approved an aid package worth as much as 40 billion euros ($44.7 billion) by 2038 for the nation’s coal regions, launching a drive to transform chimney-stack economies into high-tech centers.
 

Indoor rainforest maker to transform former Australian coal mine

21 May 2019 Time: 21:56
The creator of one of the world's largest indoor rainforests, UK-based charity The Eden project, has partnered with aluminum giant Alcoa (NYSE:AA) to build a $150 million eco-tourism attraction at the company’s former Anglesea coal mine, in Australia.
 

Indian Steel Market Weekly Snapshot

20 May 2019 Time: 14:59
Indian steel market remained quite subdued for the week 20 (11-18th May'19) as the prices of raw materials like Iron ore, pellet and coal have inched up a little. However, the prices of Semis & Finished long steel products slump by INR 200-900/MT (USD 3-13), as per SteelMint assessment.
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
 

Lonmin plans to cut 4,100 workers as it closes platinum mines

21 May 2019 Time: 23:23
Lonmin Plc plans to cut 4,100 workers at mines that have run out of profitable ore and are being closed.
 

Canada’s Pure Gold starts trading in London

21 May 2019 Time: 22:32
Canada’s Pure Gold Mining (TSX-V: PGM) has begun trading on the main market of the London Stock Exchange under the ticker PUR, in a move aimed at lifting the company’s international profile ahead of its transition to producer from developer.
 

American Battery Metals doubles size of Temple Mountain property

19 May 2019 Time: 22:01
American Battery Metals (CSE: ABC) announced on Friday that it has significantly expanded the size of its Temple Mountain vanadium project in Emery County, Utah, USA.
Minerals news archive
Auto
 

Lynas to move upstream processing of rare earths from Malaysia to Australia

21 May 2019 Time: 22:03
Rare earths miner Lynas Corp (ASX: LYC) said Tuesday it intended to relocate its contentious processing plant from Malaysia to one of two preferred sites in Western Australia, where its Mt Weld mine is located.
 

Norsk Hydro to Increase Automotive Aluminum Capacity at Husnes Plant

28 April 2019 Time: 13:34
Norwegian aluminum maker Norsk Hydro has recently been in the news for a cyber attack that brought much of its operations to a halt.
 

Australia to host battery research centre

12 April 2019 Time: 15:54
Australia's Federal Minister for Industry, Science and Technology, Karen Andrews, announced the approval of a Future Battery Industries Cooperative Research Centre (CRC) at Curtin University in Perth. Andrews also said her office will commit A$25 million in funding.
Auto news archive
Cable & Wire
Cable & Wire news archive
ECONOMY
 

6th Oil Offer on Iran Energy Exchange Next Week

27 February 2019 Time: 20:03
The next round of crude oil offer on Iran Energy Exchange (IRENEX) will be made by the National Iranian Oil Company on March 4. Offer conditions are the same as the previous round with regard to volume and purchasing terms.
 

Iran’s Energy Bourse to Open 4th Crude Sales in February

30 January 2019 Time: 21:45
Iran will hold the 4th session of direct sales of oil to domestic and international buyers through its energy bourse on February 4th.
 

Official: Foreign Firms Eyeing to Purchase Iran's Oil

23 December 2018 Time: 18:11
Several foreign companies have shown interest in purchasing Iran's oil via the exchange market, Managing director of Iran's Energy Exchange Seyed Ali Hosseini said.
Mercantile Exchange news archive
 

Iran to Offer Petrochemical Products, 10,000T Naphtha on Energy Bourse

20 May 2019 Time: 22:58
Iran is due to offer 10,000 tons of light naphtha, 2,000 tons of heavy naphtha and large cargoes of petrochemical products to domestic buyers through its energy bourse on Sunday, in a direct sale to bypass the US unilateral sanctions.
 

The Copper Company’s export problem resolved / 50 thousand tons of copper concentrate shipped

9 May 2019 Time: 23:30
Me-Metals: Behrouz Rahmati stock and investment affairs director of National Iranian Copper Industries Co. (NICICO) said: with a great deal of efforts of our colleagues in the export department of the company, the first 50000 tons export shipment of NICICO left Iran to export destinations, Saturday morning, 7 Farvardin 1398 (27 March 2019).
 

Gold stocks still marching

8 April 2019 Time: 17:25
The gold miners’ stocks are still marching, grinding higher on balance in a solid upleg. While interest in this sector has faded since late February, it is nicely set up for a strong rally. After consolidating high and establishing a sturdy base, the gold miners are likely to soon report greatly-improved first-quarter results. Couple that with gold itself powering higher, and the slumbering gold stocks should surge substantially.
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
 

Pakistan: Imported Scrap Prices Hit 4 Month Low amid Sharp Fall in Global Offers

16 May 2019 Time: 14:08
SteelMint learned in recent conversations with industry participants that imported scrap offers in containers to Pakistan have dropped to 4-month low amid global price correction observed during the closing of last week.
 

Pakistan: Imported Scrap Prices Soften Marginally; Trades Slow Down

9 May 2019 Time: 12:21
SteelMint learned in recent conversations with industry participants that imported scrap offers to Pakistan have shown slight correction following softening global scrap offers.
 

Lynas board turns down $1.1B Wesfarmers bid

11 April 2019 Time: 14:32
Australian rare earths miner Lynas Corp (ASX: LYC) said Wednesday its board has rejected a A$1.5bn (about $1.1B) takeover proposal from Australian retail and industrial conglomerate Wesfarmers.
Industry news archive
 

Afghanistan Bans Iran’s Arian Bank

20 May 2019 Time: 14:21
The Central Bank of Afghanistan has annulled the operating license of the only Iranian bank which was active in that country.
 

Iran, Azerbaijan Pledge to Expand Cooperation in Fields of Communications

18 May 2019 Time: 21:41
Tehran and Baku signed a protocol outlining the framework for expansion of bilateral ties and cooperation in the fields of communications infrastructure, the Internet, space and satellite development, cyber security, and management of frequencies and signals.
 

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.
Banks news archive
 

Foreign Investment Trickles Into Iran’s Capital Market

10 March 2018 Time: 22:41
Total capitalization of Iran's capital market, including equity and fixed-income, is currently standing at around $130 billion.
 

Banking Cooperation Talks With Swiss Envoy

30 January 2018 Time: 12:17
The governor of the Central Bank of Iran on Monday met with the ambassador of Switzerland in Tehran to discuss improvements in the banking system and the possibility of Iranian lenders opening branches in the Alpine country.
 

Upgraded Risk Rating to Boost Iran’s Int’l Standing

28 January 2018 Time: 21:24
The Central Bank of Iran has welcomed the country’s risk rating improvement from 6 to 5 by the Organization for Economic Cooperation and Development, regarding it as another promising signal of the country’s enhancing financial and credit status in international markets.
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
 

Iran's Non-Oil Exports to Nepal Rise Remarkably

20 May 2019 Time: 14:31
Iran exported 49,578 tons of non-oil commodities worth $12.77 million to Nepal in the last fiscal year (ended March 20, 2019) to register a 2,236.25% and 3,114.84% hike in tonnage and value respectively compared with the year before, the latest data released by the Islamic Republic of Iran Customs Administration show.
 

Afghanistan Bans Iran’s Arian Bank

20 May 2019 Time: 14:21
The Central Bank of Afghanistan has annulled the operating license of the only Iranian bank which was active in that country.
 

Iran, Azerbaijan Pledge to Expand Cooperation in Fields of Communications

18 May 2019 Time: 21:41
Tehran and Baku signed a protocol outlining the framework for expansion of bilateral ties and cooperation in the fields of communications infrastructure, the Internet, space and satellite development, cyber security, and management of frequencies and signals.
Economy news archive
GEOLOGY
 

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.
 

Dust samples from asteroid could help understand origin of precious minerals

25 February 2019 Time: 18:05
Scientists at the Japan Aerospace Exploration Agency or JAXA reported this week that the Hayabusa2 spacecraft touched down on the asteroid Ryugu and will start collecting samples of the dust in its surface.
Geology news archive
ENVIRONMENT
 

Canada injects $325K into ‘climate change adaptation’ for mining sector

19 May 2019 Time: 17:15
Canada is giving the country’s mining association more than C$325,000 ($242K) to develop a program that would give miners the tools and knowledge needed to better plan for climate change in decision-making at all stages of an operation’s life.
 

Active presence of MIDHCO at the 18th International Exhibition of the Environment

17 May 2019 Time: 19:20
ME-METALS: Middle East Mines and Mineral Industries Development Holding Company (MIDHCO) had an active presence at the 18th International Exhibition of the Environment held in Tehran International Exhibition Center on 24-27 Farvardin 1398 (13-16 Apr 2019). Various senior officials visited the exhibition and MIDHCO’s stand including Dr. Eisa Kalantari (head of EPA Iran) and Dr. Masoumeh Ebtekar (Vice President of Iran for Women & Family Affairs & former head of EPA Iran). They have been personally informed about the environmental achievements of this great holding.
 

The Importance of Vegetation in the desert

17 May 2019 Time: 18:50
In the 21st century, human beings suddenly woke up from his ignorance and noticed the plague that he had brought about over the past hundred years in the environment and for the wildlife.
Environment news archive
ENERGY
 

Official: Afghanistan Continues Oil Imports from Iran

23 May 2019 Time: 15:10
A spokesman of the Afghan ministry of oil and gas rejected media reports claiming that the country has stopped crude imports from Iran.
 

Turkey Complies With US Oil Sanctions on Iran

23 May 2019 Time: 15:00
Turkey has closed its ports to Iranian oil, fully complying with US sanctions against its main supplier, despite Ankara publicly criticizing the United States’ move to end import waivers and warning of a struggle to tap alternative producers.
 

US Buying More Russia Oil

23 May 2019 Time: 14:53
The United States is increasing its oil imports from Russia, according to a Bloomberg source, as US refineries clamor for more oil now that refineries oil supplies have dried up.
Oil news archive
 

Iran Boosting Gas Exports to Iraq

18 May 2019 Time: 20:20
An Iranian official said the exports of natural gas to Iraq are growing steadily and are expected to hit 40 million cubic meters a day in summer.
 

China Gas Demand Surging

9 April 2019 Time: 14:26
China’s natural gas demand is set to grow by 14% in 2019 amid a huge government push to spur consumption of the fuel, a senior industry executive said, requiring the nation to import huge amounts of liquefied natural gas.
 

Blast at Gas Pipeline in Kermanshah, No Casualties or Damages Reported

9 April 2019 Time: 14:10
The West Ethylene Gas Pipeline ruptured in western Kermanshah Province on Sunday, the governor said.
Gas news archive
 

Venezuela refinery runs shrink to 25pc: PdV data

2 October 2018 Time: 19:46
Venezuelan state-owned PdV utilized less than a quarter of the nameplate processing capacity at its main oil refineries in July, reflecting a shrinking pool of domestic feedstock and chronic equipment breakdowns.
 

Gas Flaring Cut by 70% in South Pars Refinery

10 March 2017 Time: 14:54
South Pars Oil and Gas Company (SPOGC) has curbed the flaring of natural gas at the so-called 3rd South Pars refinery in the city of Asalouyeh, Bushehr Province, by 70% in the present fiscal year (ends March 20), the refinery's director said on Wednesday.
 

Aramco Buys $7b Stake in Petronas

3 March 2017 Time: 14:40
Saudi oil giant Aramco will buy an equity stake in Malaysian firm Petronas' major refining and petrochemical project, pumping in $7 billion in its biggest downstream investment outside the kingdom, the companies said on Tuesday.
Refining news archive
 

Iran to Offer Petrochemical Products, 10,000T Naphtha on Energy Bourse

20 May 2019 Time: 22:58
Iran is due to offer 10,000 tons of light naphtha, 2,000 tons of heavy naphtha and large cargoes of petrochemical products to domestic buyers through its energy bourse on Sunday, in a direct sale to bypass the US unilateral sanctions.
 

Iran's Non-Oil Exports to Nepal Rise Remarkably

20 May 2019 Time: 14:31
Iran exported 49,578 tons of non-oil commodities worth $12.77 million to Nepal in the last fiscal year (ended March 20, 2019) to register a 2,236.25% and 3,114.84% hike in tonnage and value respectively compared with the year before, the latest data released by the Islamic Republic of Iran Customs Administration show.
 

Iran’s Exports of Petrochemicals Up by 18%

18 May 2019 Time: 21:37
The total amount of Iran’s petrochemical exports in the first Iranian month of Farvardin (March 21 – April 20) increased by 18 percent compared to the same period last year despite the US sanctions, data released by the Customs Office showed.
Petrochemical news archive
 

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.
 

Tehran, Kabul to Expand Energy, Water Cooperation

7 January 2019 Time: 15:56
Iranian Energy Minister Reza Ardakanian, in a meeting with Afghanistan's Deputy Minister of Energy and Water Khan Mohammad Takal, exchanged views on ways to bolster bilateral cooperation in the water and energy sectors.
Water news archive
 

Iran Boosting Gas Exports to Iraq

18 May 2019 Time: 20:20
An Iranian official said the exports of natural gas to Iraq are growing steadily and are expected to hit 40 million cubic meters a day in summer.
 

Mapna Says Inactive Power Plants is Bad News

18 May 2019 Time: 14:10
In summer electricity generation reaches its peak in all power plants across the country. However, after the hot season is over, hardly 30% of the power stations operate, the managing director of Mapna Group said.
 

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.
Electricity news archive
 

Cobalt, uranium and silver prices expected to rally in 2019

12 April 2019 Time: 14:31
A new report by FocusEconomics on the prospects of commodities this year and next paints a mixed picture. The survey of investment banks, institutions and research houses compiled by the Barcelona-based company has good news for long-suffering investors in uranium and silver
 

UN Nuclear Chief Reconfirms Iran’s Compliance with JCPOA

8 April 2019 Time: 16:52
Director General of the International Atomic Energy Agency Yukiya Amano reaffirmed that Iran has fulfilled its commitment to the Joint Comprehensive Plan of Action (JCPOA).
 

Iran Economic News Headlines

6 April 2019 Time: 22:31
A year after the US unlawful abrogation of the Joint Comprehensive Plan of Action [the formal name of the nuclear deal Iran signed with six world powers], Europe cannot muster the political will to defy US' economic terrorism, not even by setting up a single banking channel for humanitarian aid. (Twitter)
Nuclear news archive
 

Norway’s $1Trillion Fund Eyes Renewable Assets

8 April 2019 Time: 16:07
Weeks after Norway’s government proposed that the country’s $1-trillion fund divest from pure exploration and production oil companies, the cabinet said that it will allow the world’s biggest sovereign wealth fund to invest in unlisted renewable energy infrastructure.
 

China Taking Worldwide Lead in Wind Power

6 April 2019 Time: 21:52
Renewable energy demand and capacity are growing explosively. When looking at numbers for wind energy production, China stands above all other countries.
 

Iran Resolute to Increase Renewables Capacity

24 February 2019 Time: 18:35
Iranian Energy Minister Reza Ardakanian said that the country is after boosting its renewable energies capacity, urging relevant bodies in the country to spare no efforts to this end.
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
 

Iranians Capable of Producing 80 Percent of Oil Equipment

18 April 2018 Time: 20:47
Domestic manufacturers are capable of providing technical services and producing 80% of advanced oil equipment to develop downstream and midstream projects that will be tendered by the Oil Ministry soon, the head of the Society of Iranian Petroleum Industries Equipment Manufacturers said.
 

Microsoft Invests in Singapore Renewables

3 March 2018 Time: 21:19
Following in Apple's footsteps, Microsoft has purchased 100% of the renewable output from Sunseap Group's new 60-megawatt solar project and will use it to power datacenter operations in Singapore.
 

Norway’s Saga Signs $2.9b Iran Solar Power Venture

19 October 2017 Time: 13:07
Norway’s Saga Energy signed a €2.5 billion ($2.94 billion) deal in Tehran on Tuesday to build solar power plants in Iran, the company said, just days after US President Donald Trump unveiled a more confrontational policy toward Tehran.
Mach. & Equ. news archive
 

Lynas to move upstream processing of rare earths from Malaysia to Australia

21 May 2019 Time: 22:03
Rare earths miner Lynas Corp (ASX: LYC) said Tuesday it intended to relocate its contentious processing plant from Malaysia to one of two preferred sites in Western Australia, where its Mt Weld mine is located.
 

Iran-Czech Ties to Widen Economic Areas

20 May 2019 Time: 22:38
Officials from Iran and the Czech Republic signed a memorandum of understanding (MoU) to strengthen economic cooperation in energy, auto-making and rail transport sectors.
 Technical Manager:

MSC’s energy consumption is lower than global average

17 April 2019 Time: 13:21
Implementation of projects on energy consumption optimization has helped Mobarakeh Steel Company (MSC) bring down its water consumption to levels lower than the global average, said the senior manager of the MSC’s Department of Technical Services and Logistics.
Energy news archive
Transportation
 

Bangladesh: Imported HRC Market Gains Momentum; Deals Reported

6 May 2019 Time: 20:09
Market sources shared with SteelMint that steel importers based in Bangladesh are actively booking imported HRC from China, Japan and Korea for June shipments.
 

FMG: Iron Ore Shipments Drop 10% in Q1 CY19

2 May 2019 Time: 15:04
Fortescue Metals Group - world's 4th largest iron ore producer, depicted fall in quarterly shipments in Q1 CY19 at 38.3 MnT, down 10% as against last quarter at 42.5 MnT.
 

Wagon Pars Built 297 Passenger, Freight Cars Last Year

11 April 2019 Time: 14:20
Iranian rolling stock manufacturer, Wagon Pars Company, built 290 freight and seven passenger wagons in the last Iranian year (March 2018-19) at a cost of 812 billion rials ($6 million), the company’s CEO said.
Transportation news archive
Housing & Building
 

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
 

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
 

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.
 

Google Releases iPhone Hacking Tool

16 December 2017 Time: 12:02
Google released a tool that allows security researchers, and other developers, to hack into iOS 11.1.2, software that could lead to a jailbreak for devices running that OS version.
R&D news archive
 

NASA Approves Extension of Boeing Starliner Commercial Crew Test Flight

8 April 2019 Time: 16:25
Aday after Boeing confirmed delays in test flights of its commercial crew vehicle, NASA said that the company's crewed test flight will get an extended stay at the station when it does fly.
 

NASA Test-Fires Megarocket Engine

6 April 2019 Time: 22:17
Water vapor poured across the Mississippi landscape as NASA ground-tested an engine type that may bring astronauts to the moon in the next three years.
 

Japanese Space Probe Touches Down on Distant Asteroid

23 February 2019 Time: 19:28
AJapanese space probe named after a falcon, Hayabusa 2, has touched down on an asteroid more than 300 million km from Earth on a mission to seek clues about the origins of life, Japan’s space agency said on Friday.
New Technologies news archive
 

Diplomat: Royal Mail Service to Iran Re-Established

20 May 2019 Time: 23:04
Iranian Ambassador to London Hamid Baeidinejad announced that Britain’s top posting service company the Royal Mail has restored its operations to the destination of Iran.
 

Renovation of Tehran Landline Telecom Infrastructure on Track

20 May 2019 Time: 14:38
In an effort to expand landline telephone services in Tehran, six telecommunications centers have undergone cord renovation since May 18.
 

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.
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
 

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
 

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.
 

Iran Knowledge-Based Firms Borrow $384m

28 February 2019 Time: 14:57
Banks lent 51.9 trillion rials ($384 million) to 626 knowledge-based companies by the end of the third quarter of the current fiscal on December 21.
Sciences news archive
Scrap & Recycling
 

Turkey Scrap Import Prices Expected to Keep Billet Trade Sentiments Supported

22 May 2019 Time: 23:05
US tariff cuts on steel imports from Turkey has started strengthening the trade sentiment in CIS nations, effects can be witnessed with recent billet export indications from CIS nations, which was reported to be USD 420-423/MT, FoB Black Sea. This is higher against last week offers of USD 410-415/MT, FoB Black Sea.
 

Global Ferrous Scrap Market Overview - Week 20, 2019

20 May 2019 Time: 14:50
Global scrap prices witnessed mixed trends this week. Prices continued downtrend following low demand in most of the markets except, Turkey. Following lowering of tariffs from earlier 50% to 25% on Turkey steel products by the US government, recovery in global scrap prices is expected in the upcoming days.
 

Vietnam Ferrous Scrap Imports Hit 7 Year High in Apr'19

17 May 2019 Time: 17:00
Vietnam, one of the leading ferrous scrap importers in East Asia has witnessed record high imports in Apr'19 on sharp growth in imports recorded from US & Australia.
Scrap & Recycling news archive
METALLURGY
 

Eirich: Molding Material Preparation without Human Intervention

9 April 2019 Time: 19:41
About 25 percent less rejects, a major improvement in surface quality with more than 50 percent less refinishing and significantly more stable processes - Thomas Poggemann, production manager at Juergens Gießerei GmbH & Co. KG, is more than satisfied.
 

Küttner Savelli proven to be a leading supplier

8 April 2019 Time: 17:37
Küttner Savelli (Küttner Group) confirms to be a leading supplier not only for horizontal flask molding lines, but also for complete Green Sand Preparation and Return Systems.
 

Full speed with investment casting! BLANK develops smart lightweight solution for motor racing

23 March 2019 Time: 18:02
Weight savings is essential in racing. The competitive advantage can be gained with the best, light weight design. Every gram that can be saved on the racing car can make it faster and more agile. Victory or defeat can be determined by only one millisecond.
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
 

China’s Graphite Electrodes Industry Performance in Q1 2019

22 May 2019 Time: 12:56
It seems that the Graphite electrodes shortage that has cropped up in China in the latter of 2017 amid closure of polluting GE units seems to settle out as considerable surge have been recorded in country’s electrodes production as well as exports for the first quarter of 2019.
 

India: Silico Manganese Prices In Raipur Tread Lower Amid Lacklustre Market

22 May 2019 Time: 12:41
Indian Silico Manganese Prices are under pressure due to various factors as it is highly dependent on the inventory level possessed by the producer and the region they are offering from and also the grade quality.
 

India: Ferro manganese Prices struggle due to Malaysian Imports

15 May 2019 Time: 22:51
Indian Ferro Manganese prices fell in Durgapur by another INR1000/MT amid low demand. Producers are wary of prices falling further in the market.Indian Ferro Manganese prices are being deeply affected by high grade Malaysian Ferro Manganese imports
Materials news archive
 

China’s Graphite Electrodes Production Falls by 4.5% M-o-M basis in Nov’18

8 December 2018 Time: 23:03
With the start of winter heating season in November came the output restrictions in China’s steel sector as a part of country’s anti-pollution campaign.
 

Henan Mingtai grants SMS group final acceptance of high-performance aluminum cold mill

26 November 2018 Time: 21:26
On October 18, 2018, the Chinese aluminum producer Henan Mingtai Al. Industrial Co., Ltd. has granted SMS group the final acceptance certificate for the new aluminum cold rolling mill established at the Gongyi location.
 

Better quality casting through Danieli technological packages

7 November 2018 Time: 21:58
Huaigang is renewing its confidence in Danieli casting technology with a revamping for CCM#2 billet caster at Huai’an, Jiangsu Province.
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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