Lead and Zinc
Major Iranian lead and zinc producers extracted a total of 664,176 tons of ores during the first eight months of the current Iranian year (March 21-Nov. 21) to register a decline of 18.52% compared with last year’s corresponding period, the Iranian Mines and Mining Industries Development and Renovation Organization’s latest report shows.
Angouran Lead and Zinc Complex accounted for 617,815 tons to register a 20% decline year-on-year, while Nakhlak Lead and Zinc Plant accounted for 46,361 tons of the total output, indicating a 5% increase YOY.
The two producers extracted an aggregate of 1.09 million tons of ores in the last fiscal year (ended March 21).
Lead, zinc ore extractions during the month to Nov. 21 amounted to 78,945 tons, up 20.77% YOY. Angouran's output stood at 73,700 tons, up 27% YOY. Nakhlak extracted 5,245 tons, down 29% YOY.
Some 196 industrial, mining and trade projects worth 230 trillion rials (about $5.48b) went operational throughout the country since the beginning of the current Iranian calendar year (March 20) up to June 16.
The board of directors of B2Gold (TSX: BTO) on Friday approved a cash dividend for the second quarter of $0.02 per share, up from its previous quarterly dividend of $0.01 per share.
Tabas Coal Concentrate Plant, located in South Khorasan Province, was inaugurated on Thursday by Mohammad Baqer Nobakht, the head of Plan and Budget Organization of Iran.
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.
Iranian Industry, Mining and Trade Ministry signed a trilateral memorandum of understanding (MOU) with Geological Survey and Mineral Explorations of Iran (GSI) and Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) for expansion of the country’s mining sector, IRNA reported.
Serajuddin- Odisha's major merchant iron ore mine has decreased iron ore lump offers by INR 500/MT (USD 7) effective from today (19 May'20). As per the market participants, miner has decreased prices to INR 3,500/MT (ex-mines, including Royalty, DMF, & NMET) as against last offer of INR 4,000/MT.