NEWS
IRON and STEEL
 

Shagang cuts steel prices as winter onset slows demand

21 October 2019 Time: 17:29
Chinese private-sector producer Jiangsu Shagang cut its rebar ex-works prices by 100 yuan/t ($14/t) for late October deliveries on rising supplies and sluggish demand.
 

China's steel sector profits remain limited in October

21 October 2019 Time: 17:27
China's steel sector profitability remained sluggish in the peak sales month of October as a slowing economy and high output rates pressured product prices.
 

Annealing Furnace Start at Tenaris Tamsa, Mexico

20 October 2019 Time: 23:30
Danieli Olivotto Ferrè successfully started up a Tube Roller Hearth Annealing furnace at Tenaris Tamsa, in Veracruz, part of one of the world’s largest manufacturers of steel pipe for the energy and automotive industries.
NON-FERROUS
 

GHI sets new aluminium recycling furnace for Latem Aluminium

21 October 2019 Time: 18:14
Latem Aluminium has reportedly received a tilting rotary furnace of 30-tonnes from GHI Smart Furnaces that will recycle aluminium for its new facility in Villadangos, Spain.
 

Alba wins Leading Corporate for Investor Relations at MEIRA Awards 2019

21 October 2019 Time: 17:51
Aluminium Bahrain B.S.C. (Alba), on course to become the world’s largest aluminium smelter, was recognised as the Leading Corporate for Investor Relations in Bahrain at the recently held 11th Middle East Investor Relations Association (MEIRA) Awards’ Ceremony.
 

IDRO Group says Iran's aluminium capacity on rise after commissioning of Jajarm Aluminum Complex

21 October 2019 Time: 17:46
According to the Industrial Development and Renovation Organization of Iran, also known as IDRO Group, Iran’s production capacity for primary aluminium is on the rise after the inauguration of a new smelter complex.
 

Chile’s Codelco ditches ‘green copper’ push, eyes wider mine clean-up in two years

20 October 2019 Time: 20:48
In 2017, the world’s largest copper producer — Chile’s Codelco — announced a plan to sell “green copper” at a premium price to customers using more sustainable practices like renewable energy and recycled water to cut its carbon footprint.
 

Slight Decline in Iran's Copper Concentrate Output

20 October 2019 Time: 18:33
The National Iranian Copper Industries Company and its subsidiaries, including Sungun Complex, Miduk Complex and Sarcheshmeh Copper Complex, produced an aggregate of 589,669 tons of copper concentrate during the first six months of the current Iranian year (March 21-Sept. 22) to register a decline of 1% compared with last year’s similar period.
 

Workers at Teck Resources’ Chile mine to go on strike

14 October 2019 Time: 21:05
Canadian miner Teck Resources Ltd said on Sunday that a union representing 473 workers at its Chile mine will start a strike on Oct. 14.
 

Glencore backs Canadian junior’s zinc project in Ireland

16 October 2019 Time: 22:21
Mining and commodities trader giant Glencore (LON: GLEN) has taken a small stake in an Irish zinc project located next to its own Pallas Green lead-zinc development by investing C$1 million in Group Eleven Resources’ (TSX-V: ZNG) Stonepark deposit.
 

Rio Tinto and Minmetals look for copper, zinc and lead in China

11 October 2019 Time: 21:17
Rio Tinto is looking for copper and zinc-lead deposits in four Chinese regions, including Xinjiang and Inner Mongolia, as part of an exploration venture with state-owned China Minmetals Corp, a spokeswoman for the Anglo-Australian miner said on Friday.
 

Zinc sentiment staring into the bear pit

3 September 2019 Time: 16:00
Where are zinc prices headed? It’s a question that brings distinctly different opinions and forecasts from the bullish and bearish camps.
 

Ivanhoe encouraged by rise in palladium prices

20 October 2019 Time: 20:45
Ivanhoe Mines’ (TSX: IVN) co-chairmen Robert Friedland and Yufeng “Miles” Sun issued a communiqué this week stating that recent increases in the price of palladium, nickel, rhodium and gold have resulted in the weighted price of the ‘basket’ of metals contained in the ore at the company’s Platreef project to rise to a new, multi-year high.
 

Ebola concentrated in Congo mining area, still an emergency — WHO

20 October 2019 Time: 20:22
Ebola is infecting and killing people in a gold mining area of eastern Democratic Republic of Congo, and the “complex and dangerous” outbreak still constitutes an international emergency, the World Health Organization (WHO) said on Friday.
 

Barkerville discovers new Lowhee zone at Cariboo project

17 October 2019 Time: 22:07
Barkerville Gold Mines has announced the successful results of drilling at its Cariboo gold project in British Columbia. Not only were high grades confirmed at Cow Mountain, but the company made a new gold discovery – the Lowhee zone.
 

South Korea's January-September EV exports surge

21 October 2019 Time: 17:32
South Korean exports of electric vehicles (EVs) during January-September rose by 144pc from a year earlier to 49,160 units, supporting increased demand for cobalt and other key battery materials.
 

Tungsten 2019 demand to fall, may improve in 2020

18 October 2019 Time: 19:24
Low global demand for tungsten is likely to persist, with consumption falling by 19-20pc on the year as a result of consumer destocking, a global economic slowdown and geopolitical turmoil.
 

Neometals eyes battery recycling JV with Germany's SMS

17 October 2019 Time: 17:45
Australian metals developer Neometals has signed an initial binding agreement with Germany's SMS group to jointly fund and evaluate the next stage of development work on its proprietary lithium-ion battery recycling technology.
MINERALS
 

Australia backs solar farm for two Fortescue iron ore mines

20 October 2019 Time: 19:24
The Australian government said on Friday that it will provide more than half the funds for a A$200 million ($136.60 million) solar farm being built by Alinta Energy to help power two iron ore mines in Western Australia’s remote Pilbara region.
 

China iron ore suffers biggest weekly drop in over 2 months

20 October 2019 Time: 18:03
Benchmark Dalian iron ore prices posted their deepest weekly fall in more than two months despite a slight rebound late on Friday hurt by intensified restrictions on Chinese steel production aimed at curbing air pollution.
 

EU iron ore imports at 10-year low in August

18 October 2019 Time: 19:18
EU iron ore imports fell to their lowest monthly level since mid-2009 in August as weak steel market conditions pressured operations. Some mills are considering further adjustments to the balance of their ore burdens in order to contain costs.
 

Russian coking coal output up

21 October 2019 Time: 17:25
Russian producers increased their output of coking coal in January-September, encouraged by the stronger prices of coking coal compared with thermal grades.
 

Industries Ministry Reviews 12 Mineral Products

9 October 2019 Time: 20:37
The Ministry of Industries, Mining and Trade's review of 12 minerals during the first five months of the current Iranian year (March 21-Aug. 22) shows eight witnessed year-on-year growth while the other 4 saw declines.
 

QCoal beats XCoal in Bounty coal offtake battle

9 October 2019 Time: 18:41
Australian privately owned coal mining firm QCoal has won control of the finances and future offtake arrangements for Australian coking coal firm Bounty Mining from US coal producer XCoal and its affiliate Amaroo.
 

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.
 

thyssenkrupp Rasselstein has 48-year old tandem cold mill modernized by SMS group

5 October 2019 Time: 23:47
In March 2019, thyssenkrupp Rasselstein GmbH has awarded SMS group an order covering the modernization of the oil application system of the tandem cold mill No. 2.
 

High-Speed Wirerod Mill Finishing End Commissioned at Fujan Tsingtuo, China

29 August 2019 Time: 13:25
The state-of-the-art finishing equipment for two wirerod rolling mills was successfully started up, including a 10-pass fast-finishing block characterized by easy ring changing, extreme rigidity, minimum vibrations, high-speed design and high-rolling quality.
 

HDGL#2 commissioned at Hoa Phat, Vietnam

29 July 2019 Time: 20:53
Danieli and Hoa Phat Steel Sheet successfully produced the first coil from Hot Dip Galvanizing Line #2 at the Pho Noi A facility.
 

Ivanhoe encouraged by rise in palladium prices

20 October 2019 Time: 20:45
Ivanhoe Mines’ (TSX: IVN) co-chairmen Robert Friedland and Yufeng “Miles” Sun issued a communiqué this week stating that recent increases in the price of palladium, nickel, rhodium and gold have resulted in the weighted price of the ‘basket’ of metals contained in the ore at the company’s Platreef project to rise to a new, multi-year high.
 

Ebola concentrated in Congo mining area, still an emergency — WHO

20 October 2019 Time: 20:22
Ebola is infecting and killing people in a gold mining area of eastern Democratic Republic of Congo, and the “complex and dangerous” outbreak still constitutes an international emergency, the World Health Organization (WHO) said on Friday.
 

African lender eyes unloved neighborhoods in mining drive

20 October 2019 Time: 12:52
African Finance Corp. will invest in countries disregarded by other companies as part of a plan to double its exposure to the mining industry, the firm’s head of investments said.
Auto
 

South Korea's January-September EV exports surge

21 October 2019 Time: 17:32
South Korean exports of electric vehicles (EVs) during January-September rose by 144pc from a year earlier to 49,160 units, supporting increased demand for cobalt and other key battery materials.
 

SAIPA Expanding Presence in Africa

19 October 2019 Time: 20:05
Iran’s SAIPA and South African car manufacturer Mureza are to jointly produce vehicles in Zimbabwe.
 

Automobile industry should focus on electric vehicles manufacture, says Nitin Gadkari

18 October 2019 Time: 19:53
Urging the Indian automobile industry to focus on manufacturing electric vehicles, Nitin Gadkari, the Union Minister for Road Transport and Highways, said on Wednesday: “We have to make India the global hub of electric automobile manufacturing. This is difficult but not impossible.” The automotive industry should focus on the indigenous development of technology as well, opined the union minister at the launch of Bajaj Auto’s first electric scooter.
ECONOMY
 

Commodities worth $710m traded at IME in a week

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

Over $666m worth of commodities traded at IME in a week

1 September 2019 Time: 13:20
During weekdays ending up to August 29, while 680.291 million tons (MT) of commodities worth over $666 million were traded at Iran Mercantile Exchange (IME), the trading volume and value experienced a growth of 169 percent and 81 percent, respectively.
 

Commodities worth $309m traded at IME in a week

29 July 2019 Time: 21:07
During weekdays ending up to July 25, approximately, 258.145 million tons (MT) of commodities worth over $309 million were traded at Iran Mercantile Exchange (IME).
 

Oil offering at IRENEX facing challenges, but will definitely continue

5 October 2019 Time: 23:35
The national budget law for the current Iranian calendar year (started on March 21) obliges the Oil Ministry to offer at least two million barrels of light crude oil, two million barrels of heavy crude oil and two million barrels of gas condensate at the international ring of Iran Energy Exchange (IRENEX) every month.
 

Value of trades at Iran’s stock market exceeds $95b

2 October 2019 Time: 22:35
The value of trades at Iran’s four stock exchanges has reached four quadrillion rials (about $95.238 billion) since the beginning of current Iranian calendar year (March 21), Amir Hamooni, the managing director of Iran's over-the-counter (OTC) exchange market, known as Iran Fara Bourse (IFB), announced in a TV program on Sunday night, IRIB reported.
 

Over 62,000 tons of LPG sold at IRENEX to foreign buyers

4 September 2019 Time: 18:00
Some 71,000 tons of liquefied petroleum gas (LPG) was offered at the international ring of Iran Energy Exchange (IRENEX) on Monday of which over 62,000 tons was sold to foreign buyers, IRNA reported.
 

Swiss Ambassador Visits Tehran Bourse

15 October 2019 Time: 19:08
Switzerland’s ambassador to Iran paid a visit to Tehran Stock Exchange on Tuesday and rang the opening trading bell.
 

China to auction Fanya Ga, Ge, Se, Te stocks

11 October 2019 Time: 19:14
The Yunnan government in China will auction stocks of gallium, germanium, selenium and tellurium held by the bankrupt Fanya metal exchange (FME) on 27 October.
 

Over $309m of state-run shares divested in H1

5 October 2019 Time: 22:54
Iranian Privatization Organization (IPO) has offered just 13 billion rials (about $309.5 million) of state-run shares to the private sector during the first half of the current Iranian calendar year (March 21-September 22), IRIB reported.
 

Singapore delivered bunker premiums hit record high

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

Startups Enter Insurance Industry

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

Official: Iran’s Insurance Industry Unaffected by Sanctions

5 December 2018 Time: 20:14
Director of the Central Insurance of Iran said the country’s insurance industry has successfully avoided being affected by the anti-Iran sanctions.
 

Slight Decline in Iran's Copper Concentrate Output

20 October 2019 Time: 18:33
The National Iranian Copper Industries Company and its subsidiaries, including Sungun Complex, Miduk Complex and Sarcheshmeh Copper Complex, produced an aggregate of 589,669 tons of copper concentrate during the first six months of the current Iranian year (March 21-Sept. 22) to register a decline of 1% compared with last year’s similar period.
 

Automobile industry should focus on electric vehicles manufacture, says Nitin Gadkari

18 October 2019 Time: 19:53
Urging the Indian automobile industry to focus on manufacturing electric vehicles, Nitin Gadkari, the Union Minister for Road Transport and Highways, said on Wednesday: “We have to make India the global hub of electric automobile manufacturing. This is difficult but not impossible.” The automotive industry should focus on the indigenous development of technology as well, opined the union minister at the launch of Bajaj Auto’s first electric scooter.
 

Rival board of PdV joint venture unit starts work

18 October 2019 Time: 19:39
Venezuela's self-declared interim government has expanded its nominal administrative authority over the national oil industry with the naming of a parallel board of directors in exile that will hold its first meeting today.
 

CBI Chief: Iran Lowering Dependence on Oil Revenues

20 October 2019 Time: 20:18
Governor of the Central bank of Iran (CBI) Abdolnasser Hemmati announced that the country has further reduced its reliance on oil revenues to bring the share of the income earned though crude sales in the budget to less than 30 percent.
 

Iran’s Top Banker: No Problem in Importing Food, Medicine

12 October 2019 Time: 19:06
The Governor of the Central Bank of Iran said the import of foodstuff and medicine into the country has not run into trouble despite the US sanctions.
 

President Rouhani: US, Allies Witnessing Failure of Maximum Pressure Policy against Iran

8 October 2019 Time: 20:02
Iranian President Hassan Rouhani said Washington has now come to realize that its policy of maximum pressure on Tehran has failed, and stressed the need for officials to continue resistance.
 

African lender eyes unloved neighborhoods in mining drive

20 October 2019 Time: 12:52
African Finance Corp. will invest in countries disregarded by other companies as part of a plan to double its exposure to the mining industry, the firm’s head of investments said.
 

Bahrain's Alba raising $1.5 billion in bank debt -sources

5 September 2019 Time: 14:31
Aluminium Bahrain (Alba) , owner of one of the world’s largest aluminium smelters, is raising $1.5 billion in bank debt to refinance loans it obtained in 2016 to back its Line 6 expansion project, two sources familiar with the matter said.
 

$1.6b allocated for modernizing transportation fleet

3 September 2019 Time: 17:29
Iranian deputy transport minister said National Development Fund (NDF) of Iran has allocated $1.6 billion for renovating the country’s transportation fleet, IRIB reported on Tuesday.
 

Iran to Further Solidify Economic Infrastructures against Foreign Plots

28 July 2019 Time: 22:16
Iran will undertake a new measure to contain foreign-backed shocks against its economy with operationalizing the long-anticipated initiative of Integrated Currency Market by mid-August, in a bid to strengthen its economic system in the face of foreign interventions.
 

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.
 

Tehran, Beijing Confer on Expansion of Customs, Trade Ties

10 October 2019 Time: 20:51
High-ranking Iranian and Chinese officials in a meeting in Tehran reviewed avenues to further broaden relations between the two countries in customs and trade fields.
 

Iran's Non-Oil Exports Exceeds $60bln in 18 Months

8 October 2019 Time: 20:09
Iran exported more than $60 billion worth of non-oil goods during the past one and a half years, Iran's Economy Minister Farhad Dejpasand said.
 

Iran’s industrial, mineral exports grow by more than 19%

5 October 2019 Time: 23:40
Iran’s industrial and mineral exports have been $33.757 billion in last Iranian fiscal year (started March 21, 2018), growing by more than 19% compared to five years before, according to Planning and Budget Organization statistics.
 

Envoy: Iran, UK Can Broaden Cooperation in Trade Field

20 October 2019 Time: 20:27
Iranian Ambassador to the UK Hamid Baeedinejad underlined that Tehran and London have the needed capacities to expand their bilateral ties, specially in trade and economic fields.
 

Official: Eurasian Economic Commission Ready to Expand Trade Ties with Iran

20 October 2019 Time: 20:25
Minister for Trade of the Eurasian Economic Commission Veronika Nikishina voiced readiness of members of Eurasian commission to develop trade and economic cooperation with Iran.
 

More Cuts From Iran's Cash Subsidy List

20 October 2019 Time: 18:28
The government has discontinued monthly payments of cash subsidies to a further 400,000 individuals who were found to be economically well-off.
GEOLOGY
 

Lithium Chile gets environmental approvals for Turi exploration drilling

18 October 2019 Time: 22:10
Lithium Chile Inc. (TSXV: LITH) said on Friday that the Chilean Environmental Impact Assessment Authority (SEIA) has approved the Canadian miner’s Turi exploration drilling program.
 

Barkerville discovers new Lowhee zone at Cariboo project

17 October 2019 Time: 22:07
Barkerville Gold Mines has announced the successful results of drilling at its Cariboo gold project in British Columbia. Not only were high grades confirmed at Cow Mountain, but the company made a new gold discovery – the Lowhee zone.
 

Glencore backs Canadian junior’s zinc project in Ireland

16 October 2019 Time: 22:21
Mining and commodities trader giant Glencore (LON: GLEN) has taken a small stake in an Irish zinc project located next to its own Pallas Green lead-zinc development by investing C$1 million in Group Eleven Resources’ (TSX-V: ZNG) Stonepark deposit.
ENVIRONMENT
 

PNP backing lawsuit against WINDALCO for effluent emission; Wants residents to receive compensation

21 October 2019 Time: 17:40
According to a report on Monday, October 21, The People’s National Party (PNP) is backing legal action against West Indies Alumina Company (WINDALCO) for releasing effluent into the Rio Cobre and contaminating the river, which is a major water source for many residents living on its banks.
 

Protests Force Norway to Scrap Wind Project

20 October 2019 Time: 18:23
Public opposition has forced the Norwegian government to scrap plans for large-scale onshore wind power development, Recharge News, the world’s leading provider of business intelligence for the renewable-energy industries, reported.
 

Lithium Chile gets environmental approvals for Turi exploration drilling

18 October 2019 Time: 22:10
Lithium Chile Inc. (TSXV: LITH) said on Friday that the Chilean Environmental Impact Assessment Authority (SEIA) has approved the Canadian miner’s Turi exploration drilling program.
ENERGY
 

Iran Contains Fire at Biggest Refinery, Production Intact

21 October 2019 Time: 18:44
A minor fire at Iran’s oldest and largest oil refinery in the Southwestern city of Abadan has been completely extinguished, authorities announced on Monday, underlining that the event left insignificant damage and production has survived intact.
 

Official: Sanctions on Iran’s Petrochemical Industry A Total Failure

21 October 2019 Time: 18:36
Head of Iran’s most profitable petrochemical plant said foreign sanctions on the country’s petrochemical industry have ended in complete failure.
 

CBI Chief: Iran Lowering Dependence on Oil Revenues

20 October 2019 Time: 20:18
Governor of the Central bank of Iran (CBI) Abdolnasser Hemmati announced that the country has further reduced its reliance on oil revenues to bring the share of the income earned though crude sales in the budget to less than 30 percent.
 

Bolivia’s Morales set for run-off, gas boom fades

21 October 2019 Time: 17:22
Gas-rich Bolivia's long-serving leftist president Evo Morales appears to be heading for a 15 December run-off ballot against his longtime rival Carlos Mesa following a closely watched election yesterday.
 

Efforts to Block Iran’s Oil Industry Failed, Zanganeh Says

20 October 2019 Time: 20:09
Iranian Oil Minister Bijan Namdar Zanganeh highlighted the ineffectiveness of US sanctions against the Islamic Republic’s oil sector and said attempts aimed at blocking Iran’s oil industry have gotten nowhere.
 

SPD 9 Platform Resumes Production

20 October 2019 Time: 18:26
Gas production at one of the platforms of the giant South Pars Gas Field off the Persian Gulf, which had been damaged, has been fully repaired, the operations manager of Pars Oil and Gas Company said.
 

Iran Contains Fire at Biggest Refinery, Production Intact

21 October 2019 Time: 18:44
A minor fire at Iran’s oldest and largest oil refinery in the Southwestern city of Abadan has been completely extinguished, authorities announced on Monday, underlining that the event left insignificant damage and production has survived intact.
 

Abadan Refinery Fire Under Control

20 October 2019 Time: 18:19
Afire in a canal carrying waste from the Abadan Oil Refinery was doused without fatalities on Sunday.
 

Iran to build petchem complexes, refineries in Jask port

5 October 2019 Time: 22:28
Iranian Oil Minister Bijan Namdar Zanganeh said the country is planning to build petrochemical complexes as well as refineries in Jask Port in southern Iran.
 

Official: Sanctions on Iran’s Petrochemical Industry A Total Failure

21 October 2019 Time: 18:36
Head of Iran’s most profitable petrochemical plant said foreign sanctions on the country’s petrochemical industry have ended in complete failure.
 

Iran Planning to Launch Medical-Grade PVC Plant by 2020

16 October 2019 Time: 20:08
Managing Director of Iran’s National Petrochemical Company (NPC) Behzad Mohammadi said that Hegmataneh Petrochemical Plant, a producer of medical-grade PVC, would come on stream in spring 2020.
 

Arkema selling functional polyolefins portfolio

15 October 2019 Time: 21:16
French specialty chemicals firm Arkema said it will sell its functional polyolefins business to South Korea's SK Global Chemical (SKGC), so it can focus further on specialty chemicals.
 

220 water, electricity projects to be inaugurated by March 2020

5 October 2019 Time: 22:47
Iranian Energy Minister Reza Ardakanian said on Thursday that 220 major water and electricity projects will be inaugurated in the country by the end of the current Iranian calendar year (March 19, 2020), Mehr news agency reported.
 

Iran’s largest mobile power plant unveiled

5 October 2019 Time: 22:32
The Passive Defense and Disaster Management Office of Iran’s National Water and Wastewater Company unveiled the country’s largest mobile power plant which is going to be used in sensitive water infrastructure in emergency situations like flood and earthquake.
 

Access to water one of miners’ biggest challenges ahead

5 October 2019 Time: 21:11
Stricter environmental regulations and changing climate patterns resulting in the worst droughts in more than half a century have multiplied the mining industry’s challenges to secure water supplies, Moody’s Investors Service says in a new report.
 

Texarkana Aluminum receives a $94,987.74 check from SWEPCO for upgrading lighting at its mill

15 October 2019 Time: 17:32
Texarkana Aluminum, a fully-integrated aluminium rolling mill in North America, has reportedly received an incentive check of $94,987.74 from Southwestern Electric Power Co. (SWEPCO) for an energy efficient lighting initiative.
 

EU HRC: Prices falling but some sense a bottom

11 October 2019 Time: 19:08
Excessive destocking continues to weigh on apparent demand in the European coil markets, with buyers nursing their inventories and postponing procurement for as long as possible.
 

No Change in Power Tariffs Despite Scrapping Paper Billing

9 October 2019 Time: 20:34
There has been no rise in electricity tariffs despite the elimination of paper billing, the Energy Minister said in Tehran on Tuesday.
 

Iran’s 4th Step to Reduce JCPOA Commitments Worked Out

21 October 2019 Time: 18:40
Iran has devised the fourth step in reducing commitments to the 2015 nuclear deal, the Foreign Ministry spokesman said, warning the remaining parties to the JCPOA that Tehran will definitely take the step if they fail to fulfill their undertakings.
 

Secondary Circuit of Arak Heavy Water Reactor to Come on Stream: Iranian Official

20 October 2019 Time: 20:16
The secondary circuit of Iran’s Arak heavy water reactor will become operational within the next two weeks, a special assistant to head of the Atomic Energy Organization of Iran (AEOI) announced.
 

Zarif: Iran’s Strategic Patience Over

16 October 2019 Time: 19:17
Iranian Foreign Minister Mohammad Javad Zarif said Tehran has run out of strategic patience after the European parties to the 2015 nuclear deal failed to honor their commitments in the wake of US withdrawal from the 2015 nuclear deal.
 

Australia backs solar farm for two Fortescue iron ore mines

20 October 2019 Time: 19:24
The Australian government said on Friday that it will provide more than half the funds for a A$200 million ($136.60 million) solar farm being built by Alinta Energy to help power two iron ore mines in Western Australia’s remote Pilbara region.
 

Protests Force Norway to Scrap Wind Project

20 October 2019 Time: 18:23
Public opposition has forced the Norwegian government to scrap plans for large-scale onshore wind power development, Recharge News, the world’s leading provider of business intelligence for the renewable-energy industries, reported.
 

Iran’s Renewable Power Capacity to Surpass 4,000 MW by Mid-2021

15 October 2019 Time: 17:11
Iran’s energy officials said the capacity for electricity production from the renewable sources would increase by five times to reach a target of 4,000 megawatts (MW) in the summer of 2021 when the current administrative government leaves office.
 

Danish Firm Will Join Japan Offshore Wind Projects

21 January 2019 Time: 15:31
Tokyo Electric Power Company Holdings has signed a memorandum of understanding with Danish energy business Orsted to work together on offshore wind projects.
 

Sportswear Giant Signs Second Wind Power Deal

21 January 2018 Time: 23:24
Sportswear giant Nike has signed its second major wind power agreement with Avangrid Renewables. The deal is for 86 megawatts of wind power from the Karankawa Wind Farm in Bee and San Patricio counties in Texas.
 

Google to Meet All Energy Needs From Clean Power

2 December 2017 Time: 12:55
Google, the biggest corporate buyer of renewable energy, is buying even more—536 megawatts of wind power from four power plants.
 

Iran’s largest mobile power plant unveiled

5 October 2019 Time: 22:32
The Passive Defense and Disaster Management Office of Iran’s National Water and Wastewater Company unveiled the country’s largest mobile power plant which is going to be used in sensitive water infrastructure in emergency situations like flood and earthquake.
 

Washington's plots and threats not to scare away Iranian oil buyers

27 August 2019 Time: 22:48
Nearly 10 days after the release of Iranian super tanker Grace 1 by the Gibraltar court, despite all the U.S. warnings that anyone dealing with the Iranian oil tanker would face sanctions, Iran announced that the supertanker’s 2 million-barrel cargo has been sold and the vessel is heading to a destination determined by the buyer.
 

NIDC digs 124 oil, gas wells in a year

26 August 2019 Time: 22:29
National Iranian Drilling Company (NIDC) has dug 124 oil and gas wells across the country during the past year, Shana reported quoting the managing director of the company as saying on Sunday.
 

US targets Turkey's steel, energy sectors: Update

14 October 2019 Time: 21:21
The US administration today imposed sanctions on senior Turkish government officials and the energy ministry, and raised tariffs on imported Turkish steel products back to 50pc in response to Ankara's military incursion into northern Syria.
 

China’s NEV production, sales down 29.9% and 34.2% in September: CAAM

14 October 2019 Time: 20:56
China’s production and sales of new energy vehicles (NEVs) continued to decline in September, the China Association of Automobile Manufacturers (CAAM) said on Monday. The country produced 89,000 units of NEVs last month, down 29.9% year-on-year.
 

Shell Pakistan introduces aluminium tank Lorries for fuel distribution

11 October 2019 Time: 18:43
In a bid to bringing in some innovation to Pakistan’s energy industry, Shell Pakistan Limited (SPL) has recently introduced aluminium tank Lorries, which will distribute fuel across Pakistan’s improved road network to Shell’s customers.
Transportation
 

Iran Roads Minister in Ashgabat

15 October 2019 Time: 19:03
Leading an economic delegation, Roads and Urban Development Minister Mohammad Eslami arrived in Turkmenistan's capital Ashgabat on Tuesday to attend the 15th session of Iran-Turkmenistan Economic Commission.
 

Tehran's IKIA Handles Over 760K Passengers in 1 Month

14 October 2019 Time: 23:58
A total of 761,170 passengers were transported via Imam Khomeini International Airport during the Iranian month ending Sept. 22.
 

Iran’s Flag Carrier Announces Yearly Operating Profit

6 October 2019 Time: 16:10
Iran’s Deputy Transportation Minister Shahram Adamnejad announced that the country’s largest airline IranAir has posted an operating profit for the last local calendar year ending on March 20, 2019, highlighting that the achievement was made despite all US sanctions against the country’s aviation industry.
 

13% Rise in Road Transportation of Goods

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

Iran, Russia, Azerbaijan to set up INSTC working group

17 August 2019 Time: 21:26
In a meeting on Thursday, transport ministries of Iran, Russia and Azerbaijan agreed to form a working group in order to activate the International North–South Transport Corridor (INSTC).
 

Iran, Georgia sign transportation MoU

5 August 2019 Time: 23:10
Iran and Georgia signed a memorandum of understanding (MoU) on the development of transportation in Tbilisi on Thursday.
 

Scrubber fitting times up 33pc in 3Q: Clarksons

18 October 2019 Time: 19:05
Ships fitted with exhaust gas cleaning systems in September spent an average of 44 days out of service, a 33pc increase from 33 days for installation of such scrubber systems in June, according to shipping firm Clarksons.
 

Exxon wields clause banning ships with Venezuela visits

18 October 2019 Time: 18:57
ExxonMobil is banning the use of any ship that has visited Venezuela in the last year to fulfill future crude shipments, a move that could effectively sideline hundreds of tankers from working for the company.
 

Arab Media: Attack on Iranian Tanker Indicates Failure of US Sanctions Policy

16 October 2019 Time: 19:48
The recent attack on an Iranian oil tanker in the Red Sea indicated that the US is disappointed at the efficiency of its maximum pressure and oil sanction policy against Tehran, a leading Arab news outlet said Wednesday.
 

Iran Becomes Permanent Member of CIS Council for Rail Transport

20 October 2019 Time: 20:21
Iran became a permanent member of the Council for Rail Transport of the Commonwealth of Independent States (CIS).
 

U.S. aluminum, steel producers allege railroad companies of overcharging customers over fuel surcharge

11 October 2019 Time: 18:46
A number of aluminium companies and steelmakers along with other suppliers recently filed separate complaints against four largest railroad companies in the United States. They alleged that the railroad companies in the United States conspired to raise prices and overcharge customers billions of money for freight services over a period of five years. They did this under the guise of fuel cost recovery program.
 

Domestic companies to renovate 124 passenger wagons

4 September 2019 Time: 17:55
As the passenger wing of the Islamic Republic of Iran Railways (RAI), Iranian Raja Railway Transport Company has signed deals with three domestic companies for renovating 124 passenger wagons, ILNA reported on Tuesday.
 

Iran Launches First Private Courier, Ends Gov’t Monopoly Over Postal Sector

15 October 2019 Time: 16:59
Iran officially ended its decades-long monopoly over postal services as a first major private operator launched nationwide services.
 

Iran Boosting Maritime Transport despite US Sanctions: Official

12 October 2019 Time: 19:10
CEO of Iran’s Ports and Maritime Organization (PMO) Mohammad Rastad highlighted the failure of the US sanctions against the country and said despite the economic pressures, the Islamic Republic’s maritime transport is progressing well.
 

Iran, Georgia sign transportation MoU

5 August 2019 Time: 23:10
Iran and Georgia signed a memorandum of understanding (MoU) on the development of transportation in Tbilisi on Thursday.
Housing & Building
 

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

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

Over 6,500 stone processing units operating across Iran

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

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

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

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.
 

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.
 

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

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

Iran ConFair 2019 running in Tehran

29 July 2019 Time: 21:11
The 19th edition of Iran’s International Exhibition of Building and Construction Industry (Iran ConFair 2019) kicked off at Tehran Permanent International Fairgrounds on Sunday.
 

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

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

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

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

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.
 

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

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

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

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

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

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

IRGC wing to construct artificial island

5 September 2019 Time: 22:54
The Khatam al-Anbiya Construction Base, a business conglomerate and the construction wing of the Islamic Revolution Guards Corps (IRGC), plans to build an artificial island in the Persian Gulf, near Kish Island, a free zone.
 

Iran's private sector ready to contribute to Iraq’s reconstruction

2 August 2019 Time: 14:45
Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) hosted a gathering on Tuesday between representatives of Iran and Iraq’s private companies active in the construction industry, the ICCIMA portal reported.
 

Iran ConFair 2019 running in Tehran

29 July 2019 Time: 21:11
The 19th edition of Iran’s International Exhibition of Building and Construction Industry (Iran ConFair 2019) kicked off at Tehran Permanent International Fairgrounds on Sunday.
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.
 

Telecom 2019 Slated for December

15 October 2019 Time: 18:59
The 20th edition of Iran Telecom Fair (aka Telecom 2019) is to be held in Tehran between Dec. 17 and 20.
 

Iran Launches First Private Courier, Ends Gov’t Monopoly Over Postal Sector

15 October 2019 Time: 16:59
Iran officially ended its decades-long monopoly over postal services as a first major private operator launched nationwide services.
 

Official: Iran's Nano Products Exported to Over 45 States

12 October 2019 Time: 19:28
Head of Iran’s Nanotechnology Initiative Council (INIC) Saeed Sarkar underlined the country's huge progress in manufacturing and exporting nanotechnology products.
 

Iran, Armenia to Broaden IT Cooperation

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

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

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

Let the experts SEO company 724ws support your online business

18 August 2019 Time: 21:28
If you're the one who wants your online business or retail web site to face forward in the market and wish to beat your rivals in every means, then it is best to get your webpage optimized by SEO as we speak.
 

MSC Selected Asia’s 11th Most Admired Knowledge Enterprise

11 December 2017 Time: 21:34
Iran’s largest steelmaker, Mobarakeh Steel Company, has been selected as Asia’s 11th Most Admired Knowledge Enterprise in 2017.
 

University study confirms porphyry systems at Jaxon’s BC project

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

Amirkabir University to Launch Tech Complex

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

Sharif University Wins ICPC Bronze Medal

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

Iranian Delegation to Visit China’s Hi-Tech Fair

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

Iran, Russia to Boost Cooperation on Vocational Training

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

Iran to Become Plane Parts Maker in 7 Years

6 August 2019 Time: 17:51
Iran's aerospace firms can become suppliers of spare parts for planes in the near future, an official said, adding that the country could even export spare parts to other world states at a later stage.
Scrap & Recycling
 

Shagang cuts steel prices as winter onset slows demand

21 October 2019 Time: 17:29
Chinese private-sector producer Jiangsu Shagang cut its rebar ex-works prices by 100 yuan/t ($14/t) for late October deliveries on rising supplies and sluggish demand.
 

US steel tariff hike irrelevant to Turkish scrap price

18 October 2019 Time: 19:13
The continued rise in the Turkish ferrous scrap import price this week following the US increase of tariffs on steel imports from Turkey has highlighted the extent to which the US has become a marginal export market for Turkish rebar producers.
 

Neometals eyes battery recycling JV with Germany's SMS

17 October 2019 Time: 17:45
Australian metals developer Neometals has signed an initial binding agreement with Germany's SMS group to jointly fund and evaluate the next stage of development work on its proprietary lithium-ion battery recycling technology.
METALLURGY
 

MAGMASOFT® - Autonomous Engineering

20 October 2019 Time: 17:14
MAGMA introduces its new release MAGMASOFT® 5.4.1, which offers numerous new capabilities and improvements for virtual prediction and optimization for all casting processes, including continuous casting and core production.
 

Leaders and technicians from Russia, China and Brazil brought together at 9th at BRICS International Foundry Forum

19 October 2019 Time: 18:51
Bringing together the main players of the national and international foundry, the 18th FENAF (Latin American Foundry Fair) attracted a highly qualified audience (42% presidents / managers of companies) and a significant amount of business of R$50 millions.
 

Vesuvius and Lloyd’s Register celebrate 30 years’ excellence in quality management

18 October 2019 Time: 18:46
Vesuvius was recently presented with a 30-year milestone award by Lloyds’ Register (LR), the leading global business certification and customised assurance business, to celebrate its commitment to quality management systems.
 

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

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

REFRAJET® Addmix: An innovative injection system

27 November 2017 Time: 14:29
The REFRAJET® Addmix technology is an innovative injection system that was developed specifically for the installation of cement-free sol-gel bonded refractory concretes of the REFRAJET® Nanobond type.
 

Seven Expands Activities for the Aluminium Industry

30 March 2017 Time: 22:13
Less than a year after the publication of Seven’s first brochure for the aluminium industry, satisfied customers in several countries have been won. Deliveries have gone to Germany, Italy, the Slovak Republic, Russia, and Taiwan.
 

Seven Kazakhstan Factory Opened in February 2017

30 March 2017 Time: 21:16
Seven’s growth over the last years has triggered substantial expansions: In 2016, the main plant in Divača/Slovenia was expanded with fully integrated production, shipping, and storage systems. New and improved lines for dry-mixing and taphole clays are complemented by a brand new 300m2 laboratory.
 

India: Ferro Chrome Prices Up by INR 2000/MT W-o-W

3 October 2019 Time: 18:45
Indian Ferro Chrome Prices have been under pressure for a long duration, however, despite low demand and thin trading activity, the prices skyrocketed in the domestic market in line with increased Chrome Ore Prices in the recent auctions. Meanwhile, most of the producers are out of material to supply and thus, the supply situation for both the raw material and Ferro Chrome are tight.
 

China’s Graphite Electrodes Prices stabilizes amid Quiet Market

20 September 2019 Time: 14:45
SteelMint has heard from its market sources that after falling continuously over past few months, the electrodes prices in China have stabilized this week. However, the market continues to remain weak with tepid downstream demand and high inventories with the producers.
 

What’s Happening in China’s Graphite Electrodes Market?

5 September 2019 Time: 13:38
With no major change in China’s downstream steel demand, the overall situation in country’s GE market continues to remain sluggish and the prices prevails to be weak.
 

Annealing Furnace Start at Tenaris Tamsa, Mexico

20 October 2019 Time: 23:30
Danieli Olivotto Ferrè successfully started up a Tube Roller Hearth Annealing furnace at Tenaris Tamsa, in Veracruz, part of one of the world’s largest manufacturers of steel pipe for the energy and automotive industries.
 

Fully automated slab handling for inventory management

15 October 2019 Time: 23:43
Ternium chose Danieli to supply an inventory management system and fully automatic handling equipment that will feed 4.1 Mtpy of slabs to a greenfield hot-strip mill at Pesqueria, Mexico.
 

Hertwich supplies aluminum multi-chamber melting furnace and continuous homogenization system to Exlabesa

12 October 2019 Time: 23:14
Exlabesa, Europe’s largest independent extruder expands the aluminum remelt capacity at its Padrón facility.
 

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.
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