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.
The world's top diamond producer by output, Alrosa (MCX:ALRS), ran an experiment at its Zapolyarnaya pipe, which is a part of the Verkhne-Munskoye deposit in the west of Yakutia, and found that the area has the potential to become one of its richest in large diamonds deposits.
Researchers at the University of Massachusetts Lowell developed a technique that uses only water, carbon dioxide and cobalt metal particles that have surface nanostructures measuring billionths of a meter in size, to produce hydrogen on demand at relatively low temperature and pressure and to use to power the next generation of electric vehicles.
Peru’s Minister of Energy and Mines, Francisco Ísmodes, and the Vice-Minister of Territorial Governance, Raúl Molina, held a meeting this weekend with the Cusco Regional Governor, Jean Paul Benavente, where they addressed the situation regarding a blockade affecting Las Bambas copper mine.
MMTC- a leading international trading company in India and one of the major global players in minerals trade has invited tender for export of 15,000 MT Billets (150*150mm).
Inquiries for seaborne pellet cargoes from Chinese mills which remained subdued since almost a month’s time has observed some signs of improvement this week. Indian pellet export prices have fallen in recent deals concluded.
This week Indian HRC trade prices have remained range-bound amid sluggish trades in domestic market. Market participants are in a festive mood since Holi festival is around the corner which has led to dull sentiments in domestic market.