NEWS
MINERALS   Mining Machinery & Equipment   Building Machinery & Equipment  

HEPCO to manufacture equipment, machinery for mining companies

Heavy Equipment Production Company (HEPCO) has signed memorandums of understanding (MOUs) with five major domestic mining companies to manufacture equipment and machinery for them.

The MOUs were signed on Monday with National Iranian Copper Industry Company (NICICO), Mobarakeh Steel Company, Gol Gohar Mining and Industrial Company, Chadormalu Mining and Industrial Company, Mining Investment Insurance Company (MIIC), and Iran Mine House, said Khodadad Gharibpour, the head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

“In the first year of implementation of the mentioned MOUs, HEPCO will manufacture 200 road building machinery and in the second year another 700 machines will be manufactured, and in the future, the company will start manufacturing mining machines,” Gharibpour said.

In the current Iranian calendar year (started on March 20) which is named the year of “surge in production” by the Leader of the Islamic Revolution Seyed Ali Khamenei, the Iranian government is strongly focusing on promoting domestic production in various areas and the mining sector as one the major pillars of the country’s economy has not been an exception.

In this regard, indigenizing the machinery and equipment needed by this industry was put atop agenda by the related bodies and organizations including IMIDRO which has recently taken over HEPCO.

In late May, IMIDRO also announced that the organization is planning on reviving 200 small mines by the end of the current Iranian calendar year (March 20, 2021).

The reason for most of the small mines’ shut down has been reported to be the lack of machinery or overhaul services by the foreign companies which were used to supply the equipment and machinery to the mines.

Heavy Equipment Production Company is an Iranian corporation that manufactures construction equipment, agricultural machinery, railroad cars, trucks, forklifts and the equipment of oil, gas, energy, metal and mining industries in Arak, HEPCO is the largest heavy equipment manufacturer in West Asia.

News No: 9786
Date: 2020/07/29 - 03:09
News Source: TehranTimes

Mobarakeh Steel Company  Copper Industry Company  Gol Gohar  IMIDRO  HEPCO 

Comments:

Leave a Comment:

   
   
   
 

Isfahan Province issues 70 mining licenses since late March

The head of Isfahan Province’s Industry, Mining, and Trade Department said that 70 mining licenses have been issued in the province for exploration and mining operation since the beginning of the current Iranian calendar year (March 20).
 

Deals worth €245m to be signed to indigenize industrial equipment

Iranian Industry, Mining, and Trade Ministry is going to set up four domestic production promotion desks in the fields of petrochemicals, refining, auto, and home appliance industries in which deals will be signed for indigenizing €245 million worth of equipment in the said sectors.
 

Iran, Australia confer on expansion of mining co-op

Head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) Khodadad Gharibpour and the Australian Ambassador to Iran Lyndall Sachs met on Saturday to discuss the expansion of mining cooperation between the two countries.
 

Iran's Major Gold Mine Reports 16 Percent Surge in Output of 6 Months

Gold production in a key Iranian mine has increased by 16 percent in the first half of the current Iranian year (March 20, 2020-September 21, 2020), a report by the Iranian government’s metals and mining company (IMIDRO) said.
 

Iran’s major plans for developing mining industry

In the past few years with new resilient economy strategies coming into play, the mining sector has become a major point of focus for the Iranian government and various organizations and bodies active in this sector have been tasked to implement new programs for boosting this sector.
 

Tehran hosting MINEX 2020 exhibition

The 9th International Investment Opportunities in Iran’s Mines and Mining Industries Exhibition and Conference (MINEX 2020) and the 9th International Conference on Materials Engineering and Metallurgy (IMAT 2020) kicked off on Tuesday in Tehran.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners