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.
The plant, with a capacity to produce 150 tons of asphalt per hour, has been established by Kandovan Pars Company, the Ministry of Roads and Urban Development reported on its website. According to Haqlotfi, the company is in contract with the organization to renovate roads in eastern and western parts of Alamut. The official noted that the region is a mountainous and attractive travel destination and requires frequent road maintenance. According to Chairman of Iran Road Maintenance and Transportation Organization Davoud Keshavarzian, Iran’s asphalt production exceeds domestic demand by more than 115 million tons. “We need close to 25 million tons of asphalt per year for road maintenance. The municipalities use a further 10 million tons. This is while 900 asphalt producers in Iran churn out more than 150 million tons every year,” he was quoted as saying on the sidelines of the Ninth International Exhibition of Bitumen, Asphalt, Insulation and Related Machinery, aka BAIEX 2018, held in Tehran last month.
Brazil’s Vale (NYSE:VALE), the world’s No.1 iron ore miner, saw output of the steelmaking commodity collapse by almost 34% in the second quarter of the year, compared to the same period in 2018.
European Metals Holdings could begin operations at its Cinovec lithium project in the Czech Republic by mid-2022, and is holding preliminary discussions with potential customers, it said on Monday.
Brazil-focused Serabi Gold (LON,TSX: SBI) said Monday it remained on track to produce between 40,000 and 44,000 ounces of the precious metal this year from its Palito and Sao Chico mines in the country’s north, almost 19% more than the 37,108 ounces it churned out last year.
Guinea has launched an international tender for blocks 1 and 2 of Simandou, giving companies until Aug. 2 to outline their bids, as the country seeks to revive interest in the world’s largest undeveloped iron ore deposit.
South Africa’s Petra Diamonds (LON:PDL) on Monday became the latest victim of weak demand for precious stones that is crippling the industry after reporting full-year revenue below analysts’ estimates.
Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) has put forward three specific proposals for the government to carry out a structural overhaul of its budget.