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IDRO to invest $6.3b in deprived regions

26 June 2020 - 04:28
Industrial Development and Renovation Organization of Iran (IDRO) will make 265 trillion rials (about $6.3 billion) of investment in the country’s deprived areas, according to the acting head of the organization.

Saudi Arabia aims to boost investment with mining law

10 June 2020 - 02:44
Saudi Arabia’s cabinet on Tuesday approved a new mining law that aims to accelerate foreign investment in the sector as part of efforts to diversify its economy away from hydrocarbons.

Over $700m to be allocated for mining exploration projects

9 June 2020 - 03:01
Iran's Deputy Industry, Mining, and Trade Minister Darioush Esmaili says the country’s Mining Investment Insurance Corporation (MIIC) is going to allocate 30 trillion rials (over $714.2 million) for supporting mining exploration projects, IRIB reported.

Indonesia to ask Freeport to build copper smelter

7 June 2020 - 02:16
The Indonesian government will ask PT Freeport Indonesia to build a copper smelter in Weda Bay, a newly built metal industrial park in Halmahera, the senior minister overseeing mining said on Friday.

Energy ministers of Iran, Russia discuss trade, investment relation

31 May 2020 - 03:58
Iranian Energy Minister Reza Ardakanian discussed trade ties and investment cooperation with his Russian counterpart Alexander Novak in a phone conversation on Friday, Reuters reported, citing Russia’s energy ministry.

IMIDRO Increases R&D Budget to $1.3m

24 May 2020 - 01:24
The Iranian Mines and Mining Industries Development and Renovation Organization has increased its research and development budget from 170 billion rials ($963,172) in the last fiscal year (March 2019-20) to 230 billion rials ($1.3 million) this year

Mining projects worth over $1.1b handed to private sector in a year

21 May 2020 - 02:24
Some 50 trillion rials (over $1.1 billion) worth of mining projects were handed over to the private sector in the previous Iranian calendar year (ended on March 19), Iran Minerals Production and Supply Company (IMPASCO), announced.

Stock market attracts $8.3b in 2 months

17 May 2020 - 19:48
Iran’s stock market has attracted 350 trillion rials (about $8.33 billion) of liquidity since the beginning of current Iranian calendar year (March 20), the managing director of Tehran Stock Exchange (TSE), which is Iran’s major stock market, told ILNA.

Fortuna raises $60m to complete Lindero project construction

12 May 2020 - 09:13
Fortuna Silver Mines (NYSE: FSM, TSX: FVI) announced Monday it has arranged a bought deal financing with a syndicate of underwriters led by Scotiabank and BMO Capital Markets to purchase 20 million common shares at $3.00 per share for aggregate gross proceeds of $60 million.

ETFs to speed up privatization, support ordinary investors

9 May 2020 - 21:58
On May 2, the Tehran Stock Exchange (TSE), which is the main stock exchange of Iran, listed the first exchange-traded fund (ETF) from a series of three ETFs, through them shares of some state-owned organizations and companies are planned to be offered.
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