NEWS
IRON and STEEL
 

JSC Ural Steel contracts Danieli for vacuum degasser revamping

Existing VD productivity will be increased to 1.8 Mtpy
 

Steel Dynamics unveils its new Danieli Fata Hunter continuous coil coating line

“The finest line in the world today”, at the Columbus works
 

Acciaierie Venete relies on Danieli for its new ultra-modern SBQ mill

Featuring "The Drawer", Danieli drawing/rolling block, the mill will produce bars with high dimensional tolerances of 1/8 DIN
 

New Danieli automatic measuring system for LSAW pipes at Cimolai, Italy

A technological package for accurate, fully automatic control of straightness for extra-large pipes
 

ArcelorMittal orders plate mill revamping from Danieli

It will improve the performance of scale removal from plates during rolling and increase plant maintainability
 

Reduction of Import Tariff on Flats Painful But Necessary

Opinions are divided in the Iranian steel market about the forthcoming reduction of import tariffs on flat steel products amid insufficient supply and stronger domestic demand.
NON-FERROUS
 

Emirates Global Aluminium Orders Seventh Hertwich Batch Homogenizing Unit

Emirates Global Aluminium (EGA) has placed an order for the supply of an additional batch homogenizing furnace for the heat treatment of billets with Hertwich Engineering, a company of the SMS group. Including this new unit, which will go into operation at the end of 2017, a total of five batch furnaces of this type will be operating at EGA’s Jebel Ali plant and two at EGA’s Al Taweelah smelter.
 

Outotec to deliver aluminium technology to Bahrain

Outotec has agreed with Aluminium Bahrain B.S.C. (ALBA) on the design and delivery of anode rodding shop facility for ALBA's aluminium smelter expansion in the Kingdom of Bahrain.
 

Henan Zhongfu aluminium slitting line in operation

This is the 12th Danieli Fröhling’s slitting line for aluminium strip operating at speeds of up 800 mpm in the last decade
 

Henan Mingtai orders Danieli Fröhling trimming line

Super-flexible line concept is the convincing factor for customer’s final decision
 

Seven Expands Activities for the Aluminium Industry

Less than a year after the publication of Seven’s first brochure for the aluminium industry, satisfied customers in several countries have been won. Deliveries have gone to Germany, Italy, the Slovak Republic, Russia, and Taiwan.
 

Repair of mixer no. 8 for Rusal

Immediately after the start of Seven’s focus on aluminium, we were entrusted with a crucial task.
 

Sungun Copper Export Earns $317m

Sungun Copper Mine exported over $317 million worth of copper products during the nine months to December 21, accounting for about 19% of East Azarbaijan Province’s non-oil exports during the period, the deputy head of East Azarbaijan Industries, Mining and Trade Organization, Gholamali Rasti, said.
 

UK Firm Acquires Stake in Iranian Copper Mine

British investment company Amedeo Resources announced on Thursday that it has acquired a 2.5% stake in Ganjine Kani Company for $500,000, a copper mining company close to the city of Mashhad in Iran.
 

Outotec to deliver concentrate filtration plant for Toquepala copper project in Peru

Outotec has been awarded a contract by Southern Copper Corporation, a subsidiary of Grupo Mexico S.A.B de CV. ("Grupo Mexico"), for the delivery of concentrate filtration plant to the Toquepala concentrator expansion in Southern Peru.
 

Outotec to deliver two sulfuric acid plants to Iran

Outotec has agreed with National Iranian Copper Industries Company (NICICO) on the delivery of two sulfuric acid plants for the Sarcheshmeh and Khatoon Abad copper smelters in the Kerman province in Iran.
 

Excellent Perspectives for the Iranian Metals Industry

Presentation of Giovanni Nigris, Executive Vice President of Danieli Group at 46th FARO MEETING on 19 OCTOBER 2016 in Italy.
 

NICICO’s Copper Cathode Output Up 15.5%

The subsidiaries of National Iranian Copper Industries Company produced 110,268 tons of copper cathode during the seven months to October 22, registering a 15.5% growth compared to last year’s corresponding period.
 

Outotec to deliver technologies for zinc plant for Met-Mex Peñoles in Mexico

Outotec has agreed with Peñoles Group to provide zinc production related technologies to the Met-Mex Peñoles' zinc production facility in Torreon, Mexico. The contract, valued at approximately EUR 24 million, has been booked in Outotec's first quarter order intake.
 

IMIDRO, Private Sector Inked Investment Contract on Iran’s Largest Zinc Project

IMIDRO and a consortium of 6 private companies signed the largest zinc contract in Iran with the presence of Industry, Mine and Trade Minister, Chairman of the board of IMIDRO and Head of Mehdiabad lead and zinc complex aimed at mine extraction and construction of zinc processing plants.
 

Zinc Smelters Operating Below Capacity

Iranian zinc smelting plants use only 150,000 tons of their 450,000-ton production capacity, the head of Iran Lead and Zinc Exporters Association said.
 

ZIDCC Exports 80% of Zinc Output

Zinc Industry Development Commercial Company sold over 36,000 tons of zinc ingots during the first half of the current Iranian year (started March 20), over 80% of which were exported, according to managing director of the company, Abolfazl Banan.
 

Outotec awarded an order for a mine backfill plant in Australia

Outotec has been awarded an order by MMG Limited to design and deliver a paste backfill plant to MMG's Dugald River zinc mine in North-West Queensland, Australia.
 

Iran 2nd Leading Lead, Zinc Producer in MENA

Iran is the second leading producer of lead and zinc in the Middle East and North Africa region after Turkey, according to a report recently published by the US Geological Survey on Iran’s nonfuel minerals.
 

Gold Hits 3.5-Month High

Gold hit its highest in 3-1/2 months on Friday as the dollar hit a one-week low after the new US finance chief poured cold water on the “Trumpflation trade” that had boosted the greenback this year.
 

Gold Demand at 7-Year Low in 2016

After three years of losses, gold prices rebounded in 2016 and as a result physical gold demand dropped 20%, its lowest since 2009, according to GFMS analysts at Thomson Reuters.
 

Upsurge in Mouteh Gold Output

Mouteh Gold Mine produced 45 kilograms of gold bars during the nine months to December 20, registering a 35.5% growth compared with last year’s corresponding period, announced the mine’s managing director, Alireza Talari.
 

Iran’s forex, gold reserves at $135.5b in 2016: CIA

TEHRAN – The value of Iran’s foreign exchange and gold reserves stood at $135.5 billion in 2016, showing a $25.5-billion increase compared to its preceding year, according to a survey conducted by the CIA.
 

Gold Prices Higher in Tehran Market as Dollar Continues Rally

Higher demand for overseas trips, the growth in Emirati Dirham’s rate [which is important for Iranian imports] and increasing activity of middlemen in the currency market are the main causes of recent swings in forex rates
 

Gold Hits 10-Month Low

Gold hit its lowest since February on Thursday, extending losses after its biggest monthly decline in more than three years, as a surge in oil prices boosted bond yields, denting interest in non-yielding gold as an alternative investment.
 

ANKIROS / ANNOFER / TURKCAST FAIR trio was the most prestigious event of EURASIA region also this year...

ANKIROS 2016 – 13th International Iron-Steel and Foundry Technology, Machinery and Products Trade Fair, ANNOFER 2016 – 12nd International Non-Ferrous Metals Technology, Machinery and Products Trade Fair and TURKCAST 2016 - 7th Foundry Products Trade Fair organized by Hannover Messe Ankiros Fuarcilik A.S., between September 29 - October 1, 2016, at Tuyap Fair & Congress Center, Buyukcekmece, Istanbul was able to be the trio of the most magnificent exhibition among the repetitions until this time.
 

New materials need reliable technologies

Boway orders its third Danieli Chain Track Drawing line
 

SMS GROUP concentrates expertise in the areas of intralogistics, aviation and surface treatment

German SMS group GmbH and Paul Wurth S.A. of Luxembourg, in which SMS group GmbH holds an interest of about 60 percent, are merging their subsidiary companies SMS Logistiksysteme GmbH and CTI Systems S.A. to form a joint enterprise.
 

Annual Report Press Conference 2015

SMS group: Order intake declines again in 2015 - Sales close to previous year's level - Cost-cutting program starts to deliver - Restructuring expenses affect profit - Moderate growth expected in the medium term
 

Silver Lining in Iran’s Mineral Resources

Silver is found in its natural form as an alloy with gold and other metals, and in ores containing sulfur, arsenic, antimony or chlorine.
 

SMS GROUP and METTOP establish the joint venture POLYMET SOLUTIONS GMBH

New products and services for the NF market
MINERALS
 

Two Pellet Plants to Become Operational

Two pellet-making plants with production capacities of 5 million and 2.5 million tons per year and located in Sangan Mineral Zone will start production in the Iranian month of Ordibehesht (April 21-May 21, 2017), Iranian Mines and Mining Industries Development and Renovation Organization’s public relations announced.
 

BHP Billiton Returns to Profit

The world’s largest mining company, BHP Billiton, has reported a considerable rebound in underlying and operating earnings. The firm noted it had profited from soaring iron ore prices and improved productivity.
 

Mining Ruse Will Cost Environment Dear

Darreh Anjir Wildlife Sanctuary is home to critically endangered species such as Asiatic cheetah and Persian leopard
 Karbasian:

We Support Foreign Investors

“We will support foreign investors based on the FIPPA regulation, so there is no worry for foreign investors’ participation in Iran’s mining sector", Chairman of the board of IMIDRO announced.
 

Iron Ore Export Plan Sparks Backlash From IMIDRO

limiting Iron Ore exports will weaken the already struggling domestic miners and cause Iran to lose its foothold in established export markets, the head of Iranian Mines and Mining Industries Development and Renovation Organization said.
 

Iron Ore Mine’s Turf War With DOE

Located in Yazd Province, the zone holding new potential reserves is part of a protected area that is home to the Asiatic cheetah and the Persian leopard
 President:

"Unprecedented Mining Exploration in Iran"

”Recent mining explorations are unprecedented “, Hassan Rouhani announced at inauguration ceremony of Iran’s most advanced coal washing plant in Central Alborz region.
 

Inauguration of Advanced Coal Washing Plant in Central Alborz

Iran’s most advanced coal washing plant was inaugurated by Iranian President through a video conference. Hassan Rouhani travels to Mazandaran Province to inaugurate several projects.
 

Rise in Coal Extraction, Concentrate Output

Iran’s two major coal producers extracted 1.32 million tons of coal and produced 482,150 tons of coal concentrate during the 10 months to January 19, registering a 15% and 23% growth in extraction and production respectively compared with last year’s corresponding period.
 

US Gov’t mulls raising royalties for coal mining in public lands

The proposed modifications will likely be blocked or revoked by President-elect Donald Trump.
 

Iron Ore, Coal Boosting Australia Economy

Australia’s economy is likely to stay upbeat after the country on Friday reported a surprise A$1.243 billion ($912 billion) trade surplus in November—the first in almost three years—as bulk commodity exports beat the market forecast of A$500 million deficit seen by analysts polled by Reuters.
 

Tabas Coal’s Proven Reserves Increased 450MT

Based on preliminary data, IMIDRO’s exploration projects added 450 million tonnes proven reserves to Tabas coal reserves, Chairman of the board of IMIDRO announced.
 

Government Control Hamstrings Cement Industry

There is no denying that a large portion of the Iranian economy, if not all of it, is steered by the government.
 

Iran Dismisses Pakistan’s Cement Dumping Allegation

Pakistan Cement Manufacturers Association is urging the Pakistani government to slap up to 20% of import duties on Iranian cement, claiming that Iranian producers are “dumping” the industrial material in border markets.
 

IME Cement Exports to Begin in 3 Months

Cement trading will resume at Iran Mercantile Exchange’s board of exports in the Iranian month of Ordibehesht (April 21-May 21, 2017), the head of Cement Employers Association, Abdolreza Sheikhan, has announced.
 

Cement Stocks Rise on News of Demand Stimulation

Iran is currently the world’s seventh largest cement producer
 Amir Havasi, Business & Markets Desk:

Cement Industry Mulls Options to Sustain Domestic Demand

The Ninth International Exhibition of Cement and Concrete Manufacturing Technologies and Related Machineries, also known as Iran Cementex 2017, opened in Tehran on Saturday
 

Cement Exports to Pakistan Up 100%

Over 11,400 tons of cement were exported to Pakistan during the eight months to November 20, registering an over 100% growth, according to managing director of South East Railway Company.
 DESIGNED FOR SAFETY:

OUTOTEC'S 7-AXIS BEAM MILL RELINE MACHINES

Due to confined spaces, hot environments and arduous tasks, grinding mill relining can be a challenging job for even the most experienced crew. The most critical and potentially dangerous part of this process is the operation of the mill reline machine.
 

Metso wins recognition as a leading brand in the Brazilian mining sector for the second consecutive year

For the second year running, a survey conducted by IN THE MINE magazine in Brazil ranked Metso as a leading brand in the Brazilian mining sector. Metso was number one in the categories of Crushing and Maintenance of Mineral Beneficiation Mills.
 

Outotec to deliver concentrator equipment to Chile

Outotec has received an order from Chile for the delivery of process equipment. The contract value is EUR 18 million, and it has been booked in Outotec's 2016 fourth quarter order intake.
 

Foreign Investors Seeking Stability in Iran Political System after JCPOA

At Iran ConMin2016, the 12th international trade fair, both international and multinational corporations from around the world are negotiating the conditions regarding Iran mining sector and possible further development by foreign investors after Iran nuclear deal.
 

German corporation is planning to undertake a huge mining project in Iran

Quarry Mining LLC takes a more optimistic view in the development of Iran mining sector after the nuclear deal
 By the Presence of International Mining Delegates:

The International Mining Trade Fair Has Just Opened Up

Tehran is hosting over 300 national and foreign companies in the International Trade Fair for Construction Machinery and Vehicles, Mining, Building Material Machines and Natural Stone Industry at Tehran International Exhibition Center
 

Changes in Outotec's own shares

Outotec's Board of Directors has decided to issue Outotec shares held by the company for the payment of the free shares of Outotec's Employee Share Savings Plan from the 2014 savings period.
 

Resource efficiency to the forefront - Outotec's sustainability report 2016 published

Outotec has published its annual sustainability report, which contains comprehensive information about the company's sustainability activities, goals and achievements in 2016. 'Resource efficiency to the forefront' is the theme of this online report, illustrating the positive impacts of Outotec's solutions and services on the sustainable use of natural resources.
 

IMIDRO Elaborates on 4-Year Track Record

In the post-sanctions era, companies from Australia, Norway, Germany, Italy, Austria, Japan and South Korea have begun cooperation with Iran in a wide range of sectors, including steel, iron ore and environment / Over 350 million tons of iron ore, 450 million tons of coal and 50 tons of gold deposits have been discovered since 2013
 

Annual minerals, mining exports hit $6b

TEHRAN- Iran’s worth of minerals and mining exports stood at $6 billion in the past Iranian calendar year (which ended on March 20), IRNA quoted Deputy Industry, Mining and Trade Minister Jafar Sarqini as saying on Tuesday.
 

1.5b Tons of New Metal Reserves

Over 1.5 billion tons of proven metal reserves have been discovered since President Hassan Rouhani took office in August 2013, deputy minister of industries, mining and trade said.
 

Iranian Mineral Trade Data Show $2.3b Surplus

Crude steel and steel products were Iran’s main traded mineral products in terms of value, as 5.29 million tons worth $2.19 billion were exported and 3.38 million tons worth $2.11 billion were imported during the 10-month period
METALLURGY
 

Ahead Complete Global a Motto Is Being Lived!

Kurtz Gießereimaschinen is known as a complete supplier for foundry lines and production systems for the foundry industry.
 

KA Shui International Holdings Ltd. at a glance

Originally established in Hong Kong in 1980, Ka Shui Group has begun setting up production bases in Shenzhen, Huizhou and Anhui Wuhu since 1986.
 ANKIROS/ANNOFER/TURKCAST 2016 FAIR TRILOGY:

FOCUS OF PRESTIGE IN METALLURGY INDUSTRY

One of the most important events of global metallurgy industry, ANKIROS 2016 – “13th International Iron-Steel and Foundry Technology, Machinery and Products Trade Fair”, ANNOFER 2016 – “12nd International Non-Ferrous Metals Technology, Machinery and Products Trade Fair” and TURKCAST 2016 – “7th Foundry Products Trade Fair” will be organized by Hannover Messe Ankiros Fuarcilik A.S., between September 29 - October 1, 2016, at Tuyap Fair & Congress Center, Buyukcekmece, Istanbul.
 

TALEX casthouse in ABU DHABI - Successful Start of Operation

Hertwich Engineering supplies on turnkey basis
 

METAFOUND 2016

The 13th International Steel, Mine, Metals, Foundry, Metallurgy Industries and Related Equipment Trade Fair
 

Italian ring producer buys newly developed ring rolling machine from SMS group

The new machine is equipped with electro-hydraulic direct drives that are mounted on the roll shafts - an innovative drive solution for this type of application. This design can reduce energy consumption by up to 40 percent compared with conventional ring rolling machines. Caption : Model of the new RAW ecompact® for energy-efficient production of rings with rectangular cross-section.
 

German Molding Machine Co. Picks New Iran Agent

German manufacturer of molding machines Krauss Maffei Group has appointed Karan Sima Fam as its new agency in Iran and aims to strengthen its market position in injection molding and reaction injection molding machinery in the country, the German machinery supplier has announced.
 

AMB Iran Success Lines Up 2017 Event

The success of the latest edition of Germany’s specialized exhibition for the machine tools and metalworking sector known as “AMB Iran” has prompted organizers to start planning the next event in 2017.
 

Extrugasa orders another extrusion press from Danieli Breda

The new 45MN front-loading press will be the largest in Spain and one of the most modern worldwide
 

Tehran Hosts Alu-Tech Partnership Seminar

The Iranian capital hosted the first Alu-Tech Partnership Seminar last week with a focus on technological developments in the production of structural parts as well as in automotive industry.
 

Great success at Interall ITA Seminar (Innovative Technologies for Aluminium)

Great success in Dubai for the highly technical day that took place in order to explain the importance of innovation and the practical feasibility of the new technologies in aluminium extrusion and finishing and in waste water. The new concepts of green technology and the aluminium technology of the future have been presented in front of a special invitation audience of about 75 selected delegates, representing 38 companies from 13 middle east states.
 

Mercury Casting Contracts BuhlerPrince to Expand HPDC

North America’s largest-dimension high-pressure die casting machine to debut next June
 

Seven Expands Activities for the Aluminium Industry

Less than a year after the publication of Seven’s first brochure for the aluminium industry, satisfied customers in several countries have been won. Deliveries have gone to Germany, Italy, the Slovak Republic, Russia, and Taiwan.
 

Seven Kazakhstan Factory Opened in February 2017

Seven’s growth over the last years has triggered substantial expansions: In 2016, the main plant in Divača/Slovenia was expanded with fully integrated production, shipping, and storage systems. New and improved lines for dry-mixing and taphole clays are complemented by a brand new 300m2 laboratory.
 

Repair of mixer no. 8 for Rusal

Immediately after the start of Seven’s focus on aluminium, we were entrusted with a crucial task.
 

Outotec and Outokumpu settled their patent dispute regarding ferroalloys technology inventions

Outotec and Outokumpu have settled their patent dispute, commenced in 2013, concerning the rights to inventions relating to ferroalloys technology.
 

Mineral Exports Rise, Imports Fall Over 4 Months

Crude steel and steel products accounted for nearly half of the overall export value
 

Iran’s Ferrochrome Seeks to Increase Global Market Share

Iran seeks to increase its share of global ferrochrome markets in light of China cutting down on production capacities in some of its industrial sectors, including ferrochrome, and the country’s need to import the alloy, said Mohammad Reza Pirhassanlou, managing director of Joghatai Ferrochrome Complex.
 

Axens to Study Petroleum coke Feasibility

Axens will Conduct a bankable feasibility study for the first petroleum coke plant in Iran.
 

Axens to Study Petcoke Unit Feasibility

Technical and economic feasibility studies for setting up the first Iranian petroleum coke company have been handed over to the French engineering firm Axens.
 

History of Elkem at a glance

Elkem's history started in 1904, when the industrial entrepreneur Sam Eyde (1866–1940) established Det Norske Aktieselskap for Elektrokemisk Industri (Elektrokemisk). The goal was to create an international industry company based on Norwegian natural resources.
 

Emirates Global Aluminium Orders Seventh Hertwich Batch Homogenizing Unit

Emirates Global Aluminium (EGA) has placed an order for the supply of an additional batch homogenizing furnace for the heat treatment of billets with Hertwich Engineering, a company of the SMS group. Including this new unit, which will go into operation at the end of 2017, a total of five batch furnaces of this type will be operating at EGA’s Jebel Ali plant and two at EGA’s Al Taweelah smelter.
 

Shandong Iraeta to Receive World’s Biggest Ring Rolling Machine from SMS Group

Record: Seamlessly rolled rings with diameters of up to 16 meters
 

First DANCU gearbox shipped to Zaporizhstal

New blast furnace top-charging technology will set new standards in reliability and availability
 

apt Hiller Places Order with SMS Group for 27-mn Front-loading Press

High productivity and product quality due to energy savings of up to 25 percent
 

Ahead Complete Global a Motto Is Being Lived!

Kurtz Gießereimaschinen is known as a complete supplier for foundry lines and production systems for the foundry industry.
 

Bokaro Steel Plant Orders A 130-Ton Twin Ladle Furnace

SMS group receives turnkey order from India
 

Phosphate Concentrate Output Rises

Esfordi Phosphate Industrial and Mineral Complex produced 14,859 tons of phosphate concentrate in the first two months of the current Iranian year (started March 20), indicating a 22% rise compared to last year’s corresponding period, Iranian Mines and Mining Industries Development and Renovation Organization reported on its website.
 

GIFA, METEC, THERMPROCESS and NEWCAST to be held at the same interval in future

“The Bright World of Metals” will be taking place in Düsseldorf again from 25. to 29. June 2019
ECONOMY
 

Metal and Mineral Products Trading Value Increased in Fall 2016

IME‘s quarterly trading statistics in spot market shows increase in metal and mineral products trading value in fall 2016.
 

IME Trade Near $17b in 10 Months

Iran Mercantile Exchange witnessed the trading of 28 million tons of commodities valued at $16.86 billion in the 10 months to January 19, up 42% and 87% in terms of volume and value respectively compared to last year’s corresponding period, IME reported on its website.
 

IME trade hikes 87% in 10 months

TEHRAN- According to the latest released data, 28 million tons of commodities worth more than 650 trillion rials (more than $16.7 billion) were traded in Iran Mercantile Exchange (IME) in a ten-month-period beginning from the start of current Iranian calendar year (March 20, 2016- January 19, 2017), showing 87 percent rise in terms of value compared to the same time span in the previous year.
 

Growth in Steel, Zinc, Gold Trade at IME

Steel, zinc and gold trade was on the rise during the three quarters of the current fiscal year (March 20-December 20, 2016) at Iran Mercantile Exchange, Iranian Mines and Mining Industries Development and Renovation Organization reported.
 

IME’s Role in Streamlining Exports

Today, the prosperity of a country’s economy has more to do with the commodities that are exported than the goods produced and consumed locally.
 

Iron Ore Trading on IME Prioritized Over Export

In a bid to minimize the export of unprocessed iron ore, all producers of the industrial material are mandated to prioritize meeting the domestic demand by offering their products in Iran Mercantile Exchange, the head of Iron Ore Producers and Exporters Association of Iran said.
 

Asian Stocks Slip, Yen and Gold Gain as Global Risks Rise

Most Asia stock markets retreated Wednesday as rising geopolitical risks kept investors on edge, with Japanese shares leading the decline after the strengthening yen breached a key level.
 

Tehran to Host FINEX 2017

The 10th International Exhibition of Exchange, Bank and Insurance is scheduled for April 15-18 at Tehran’s international permanent fairgrounds.
 

Cement Stocks Rise on News of Demand Stimulation

Iran is currently the world’s seventh largest cement producer
 

$125m of Foreign Investments in IFB Post Sanctions

Iran Fara Bourse has attracted 5 trillion rials (about $125 million) in foreign investments since the Implementation Day, that is the removal of sanctions on January 16, 2016, following Iran’s compliance with the nuclear deal it signed with world powers in 2015.
 

Donya-e-Eqtesad Launches Market Data Website

The Tehran-based media corporation Donya-e-Eqtesad launched a stock market information service called Donya-e-Bourse on Sunday.
 Morteza Mirmohammadi - Business & Markets Desk:

Tehran Stock Market Collapses Following Trump’s Win

TSE’s main index took a 1.83% dive, while the smaller Iran Fara Bourse’s benchmark plunged 2.4%
 

Iran Focusing on Insurance Development

According to the CII chief, the government’s big role in the economy and underdevelopment of economic sectors are slowing insurance growth in Iran
 

Iran Insurance Co Spinning Off into Four New Firms

Iran Insurance Company, the only fully state-owned insurance firm in Iran, is planning to spin itself off into several entities as part of its reform plans, said Mohsen Pourkiani, IIC’s chief executive.
 

Hermes Reopens Export Guarantees for Iran

Iran's ambassador to Berlin says the Hermes cover debt has been repaid and as a result, Euler Hermes coverage will resume soon.
 

SACE to Support Iran’s Mining Projects

The largest Italian insurance company, SACE, is ready to provide 5billion Euros for insurance coverage of Iran- Italy relations, CEO of SACE announced.
 

New Measures to Boost Domestic Production

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has named the new Iranian year after “Resistance Economy: Production and Employment” as he called on government officials to direct their efforts on two crucial tasks of improving domestic pro
 

Iran's trade balance positive for 2nd consecutive year

Tehran- Based on the latest data released by Iran's Customs Administration, the country's trade balance was reported positive for the second consecutive year.
 

Iran's Non-Oil Foreign Trade Turnover Tops $70b

Iran exported $35.27 billion and imported $34.98 billion worth of non-oil commodities during the 10-month period, registering an 8.37% and 3.21% growth year-on-year
 

Industrial Valve Factory Opens in Rey County

Local production of industrial valves used in primary industries including petroleum is one of the significant achievements of the country that was realized thanks to Joint Comprehensive Plan of Action (Iran's nuclear deal with the world powers), said the Industry Minister Mohammad Reza Nematzadeh at the inauguration of Neak Valve factory in Rey County in Tehran Monday.
 

Industrial Growth Estimated at 7-8%

Iran’s industrial sector is estimated to grow 7-8% in the current Iranian year (started March 20), the deputy minister of industries, mining and trade said.
 

Outotec designed Combined Heat & Power (CHP) plant in operation in Turkey

Outotec's fluidized bed technology used in a new 90 MWth paper residuals incinerator and cogeneration plant in Turkey helps reduce emissions and avoids landfill disposal.
 

Brazil to Step Up Monetary Easing

Brazil’s central bank is widely expected to speed up monetary easing on Wednesday, taking advantage of slowing inflation to try to revive an economy still struggling with its deepest recession on record.
 

Bank loans to economic sectors rise 40% to $133b

TEHRAN- The governor of the Central Bank of Iran (CBI) Valiollah Seif announced on Wednesday that banking loans paid to various Iranian economic sectors witness a 40-percent rise in the past Iranian calendar Year 1395 (ended March 20, 2017), as compared to the preceding year.
 

IMF Tells Bahrain to Cut Spending

Bahrain needs to make significant spending cuts to restore stability to its budget and improve investor confidence as the smallest economy among Persian Gulf Arab monarchies tries to manage the impact of lower oil prices, the International Monetary Fund said, Arabian Business reported.
 

Monetary Base Growth Raising Inflationary Fears

According to data released by the Central Bank of Iran, the monetary base exceeded 1.7 quadrillion rials ($46 billion) for the 12 months to Jan. 19, registering a 17.3% increase year-on-year.
 

CBI Sets New Foreign Currency Rules

The Central Bank of Iran has issued a new directive in line with anti-smuggling laws, based on which individuals holding more that €10,000 would be subject to an official probe.
 

Tehran to Host FINEX 2017

The 10th International Exhibition of Exchange, Bank and Insurance is scheduled for April 15-18 at Tehran’s international permanent fairgrounds.
 

Foreign investment in Iran hits $12b annually: fin. min.

TEHRAN- Iran attracted $12 billion in foreign investment during the past Iranian calendar year (ended on March 20), ISNA quoted Finance and Economic Affairs Minister Ali Tayyebnia as saying.
 

Iran negotiating to finalize $80-85b foreign investment in oil sector

TEHRAN- Iran is negotiating with foreign companies to finalize 25 contracts in oil sector, which will bring $80-85 billion investment to the country, Deputy Oil Minister for International Affairs and Trading Amir-Hossein Zamaninia said on Saturday.
 

Karbasian Invited Canadian Mining Companies to Cooperate with Iran’s Mining Sector

Chairman of the board of IMIDRO invited Canadian companies to come and do business in Iran.
 

Swedish Economic Mission to Visit

An economic delegation from Sweden headed by the country’s Minister of European Union Affairs and Trade Ann Linde is scheduled to arrive in Tehran on February 11 to survey ways of expanding commercial ties with Iranian officials and representatives of the private sector.
 

Iran-Sweden business forum slated for Feb. 11

TEHRAN – An Iran-Sweden business forum is scheduled to be held February 11 in Tehran, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.
 

Investments Needed to Achieve Steel Targets Insufficient

Iran aims to become the world’s sixth largest steel producer as per the 20-Year Vision Plan (2005-25), which envisions achieving an annual crude steel production capacity of 55 million tons per year
 

285 Km of Freeways Since 2013

More than 285 kilometers of freeways have come on stream since August 2013 when President Hassan Rouhani took office, according to the deputy head for construction and development at Transportation Infrastructure Company.
 

Urmia-Naqadeh Rail Linkup Underway

The track-laying of a 75-km railroad connecting Urmia, the capital of northwestern West Azarbaijan Province, to the city of Naqadeh also in West Azarbaijan has begun.
 

260 Development Projects Underway

Close to 260 development projects with a budget allocation of 163 trillion rials (about $4.14 billion at market exchange rate) are currently under construction, the deputy minister of roads and urban development said.
 

Infrastructure Co. to Add 590 Km Railroads by March

The Construction and Development of Transportation Infrastructures Company will lay out 591 kilometers of rail by the end of the current Iranian year (March 2017), says the company's deputy head, Jabbar Ali Zakeri.
 

60 Port Contracts Worth $923m Signed With Private Investors

Iran's Ports and Maritime Organization signed 60 contracts worth 36 trillion rials (about $923 million at market exchange rate) with private sector companies on Monday.
 

Trilateral Meeting on Chabahar Port Development Project

Implementation of connectivity projects was among the main issues discussed at a trilateral meeting between India, Iran and Afghanistan in Tehran.
 

ATR voices readiness for supplying Iran’s ordered airplanes

TEHRAN- ATR is proud of assisting Iran with revamping its air fleet via supplying its required airplanes, IRNA quoted Patrick de Castelbajac, the CEO of ATR, as saying on Wednesday.
 

Tehran to Host Int’l Rail Transport Expo

The Fifth International Exhibition of Rail Transportation and Related Industries and Equipment is scheduled to be held in Tehran’s International Fairground on May 15-18.
 

Iran Air to Receive First Boeing 777-300ER Within a Month

The first passenger jet Iran has ordered from American planemaker Boeing will join Iran’s air fleet within a month, Deputy Roads and Urban Development Minister Asghar Fakhrieh Kashan said noting that that the plane was initially ordered by Turkish Airlines that later cancelled the order.
 

Iran, Russia, Azerbaijan Agree on 50% Cut in Transit Tariffs

The agreement was reached in a trilateral meeting on Tuesday in Moscow, where rail officials from the three countries discussed ways to facilitate activation process for the INSTC project
 

Russian Company to Supply 6,000 Freight Wagons to Iran

Russia’s United Wagon Company has signed a deal to supply 6,000 freight wagons to Iran within three years, of which 4,900 cars will be produced inside the Islamic Republic.
 

Shahid Rajaei Port Activities Up 35%

Activities in Shahid Rajaei Port over the 11 months to February 18 increased 35% compared with last year’s corresponding period, the head of Iran’s Ports and Maritime Organization said.
GEOLOGY
 

Reconnaissance Phase of all Exploration Projects Finished

Reconnaissance phases of all IMIDRO’s exploration projects finished and prospecting and general exploration results of some projects are promising as well, Director of IMIDRO’s exploration department announced.
 Main challenge is training in RS and GIS:

Geology is the first step in mining process

Gerhard Bax, German earth science educator attending Iran ConMin2016, insists that geology is the first step in mining process.
 

IMIS 2016 in Dec.

The Second Iran Mines and Mining Industries Summit: Exploration, Development and Investment, otherwise known as IMIS 2016, is scheduled to be held in Tehran on December 11-12, 2016.
 

Mining MoU Signed With Finnish Firm

The Geological Survey of Finland, also known by its Finnish acronym GTK, and the Iranian Mines and Mining Industries Development and Renovation Organization signed a memorandum of understanding in Tehran on Tuesday for cooperation in the mining sector.
 Sultanate of Oman The Public Authority for Mining:

Mining Opportunities in Oman

All about Sultanate of Oman and "The Mineral Industry of Oman"
 

Iran’s Gold Riches

Iran is home to various world-class gold mines boasting 340 tons of proven reserves. Zarshouran Gold Mine, located 35 kilometers from Takab in the northwestern province of West Azarbaijan is Iran and Middle East’s richest gold deposit, is estimated to hold over 100 tons of the exquisite mineral.
ENVIRONMENT
 

Dept. of Environment authorized to shut down pollutant industries

TEHRAN — The Department of Environment has been authorized to shut down pollutant industries worsening the effects of air pollution in metropolises of the country, Nasimonline reported.
 

Mining Ruse Will Cost Environment Dear

Darreh Anjir Wildlife Sanctuary is home to critically endangered species such as Asiatic cheetah and Persian leopard
 

Dioxin abatement system in operation at ABS, Italy

Developed by Danieli Environment and More, controls PCDD-F dioxin emissions below 0,1 ng-TEQ/Nm3 at fume treatment plant.
 

Iron Ore Mine’s Turf War With DOE

Located in Yazd Province, the zone holding new potential reserves is part of a protected area that is home to the Asiatic cheetah and the Persian leopard
 

21 Billion Rials in added value in MSC

Siamak Navaei, who is in charge of MSC’s wastewater refining unit, further said that the industrial wastewater refinery (pu21) at MSC which has a discharge of 700 cubic meters per hour was launched in 1995.
 

Nematzadeh Says Domestic Eco-Friendly Cars Coming

Iran’s leading carmakers along with Austrian and German auto manufacturers are designing an energy-efficient vehicle.
ENERGY
 

Saudi Arabia Likely to Back Extending Oil Output Cuts

Saudi Arabia is likely to support extending OPEC output cuts into the second half of 2017 in an effort to boost oil prices, according to a person familiar with the kingdom’s internal discussions.
 

Chevron Executive Pay Up in 2016

Compensation for three of Chevron Corp's senior leaders, including Chief Executive John Watson, rose last year due to a change in how the value of pensions is calculated.
 

OPEC Raises 2017 World Demand Growth Forecast

OPEC has upgraded its world oil demand forecast to 1.27 million barrels per day, an upwards revision of 10,000 barrels per day.
 

Brent Rises on Prospect of Longer Supply Cuts

Brent oil extended gains into an eighth straight session on Wednesday, having recovered nearly all last month's losses, after Saudi Arabia was said to be pushing its fellow OPEC members and some rivals to prolong supply cuts beyond June.
 

Zanganeh Briefs Lawmakers on Relevance of Int'l Oil Contracts

The oil minister says Iran can sign between $70 billion and $80 billion worth of contracts in a short period.
 

OPEC, non-OPEC deal could be further extended: Zanganeh

TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh said on Tuesday the deal between OPEC and non-OPEC nations for cutting output could be further extended beyond June.
 

South Pars phases 17, 18 to be inaugurated by Apr. 20

TEHRAN- Phases 17 and 18 of developing Iran’s South Pars gas field (in the Persian Gulf) will be inaugurated by the end of the first month of current Iranian calendar year Farvardin (April 20), ISNA reported on Tuesday quoting Mohammad-Reza Chalipa, the operator of these phases.
 

French Gas Supply at Risk

France could face a tight gas supply in the 2017/18 winter period because suppliers do not have enough reserve storage capacity as required by law to meet demand if there is a prolonged cold snap, said major gas storage company Storengy.
 

Investments Only Way to Challenge Qatar’s Gas Ambitions

The most effective policy to challenge Qatar's efforts to boost production from the joint South Pars Gas Field in the Persian Gulf by 10% would be to accelerate development projects in the field by attracting new funding, a veteran economist says.
 

Iran, Russia sign MOU on gas co-op

TEHRAN- National Iranian Oil Company (NIOC) and Russian top gas producer Gazprom signed a memorandum of understanding (MOU) on cooperation in the field of natural gas on Tuesday, IRNA reported.
 

Ten South Pars Platforms Under Construction

Iran Marine Industrial Company, Sadra, is building 10 offshore platforms to develop the remaining phases of the giant South Pars Gas Field in the Persian Gulf, the deputy for development and engineering at the National Iranian Oil Company said.
 

Siemens to supply compressor trains for Iranian natural gas processing plants

Siemens has been awarded a contract by Hampa Engineering to supply 12 compressor trains for two onshore natural gas processing plants in Iran.
 

Gas Flaring Cut by 70% in South Pars Refinery

South Pars Oil and Gas Company (SPOGC) has curbed the flaring of natural gas at the so-called 3rd South Pars refinery in the city of Asalouyeh, Bushehr Province, by 70% in the present fiscal year (ends March 20), the refinery's director said on Wednesday.
 

Aramco Buys $7b Stake in Petronas

Saudi oil giant Aramco will buy an equity stake in Malaysian firm Petronas' major refining and petrochemical project, pumping in $7 billion in its biggest downstream investment outside the kingdom, the companies said on Tuesday.
 

Iran Signs $2b Refinery Expansion Deal With Daelim

Tehran has finalized an agreement worth $2 billion (2.3 trillion won) with South Korea's Daelim Corporation to renovate and expand a refinery in Isfahan Province, head of the National Iranian Oil Refining and Distribution Company, Abbas Kazemi, said on Friday.
 

President to inaugurate 4 petchem projects in coming days

TEHRAN- Iranian President Hassan Rouhani will officially inaugurate four petrochemical projects in the coming days, IRNA reported on Wednesday.
 

S. Korea’s Hyosung Eying Iran Polypropylene Deal

Iran has been attracting investments from abroad on expectations of economic renaissance following the lifting of international sanctions
 

German companies voice interest in investing $12b in Iran's oil industry

Several major oil and petrochemical companies from Germany have expressed their interest in investing in the Iranian oil sector. The companies including BASF say they are ready to invest a total of $12 billion in Iran.
 

Iran Signs $2b Refinery Expansion Deal With Daelim

Tehran has finalized an agreement worth $2 billion (2.3 trillion won) with South Korea's Daelim Corporation to renovate and expand a refinery in Isfahan Province, head of the National Iranian Oil Refining and Distribution Company, Abbas Kazemi, said on Friday.
 

Iran's Petrochemical Exports in 9 Months Generate $6.5b

Iran exported 15.2 million tons of petrochemicals and polymers, worth $6.5 billion, in the first nine months of the current fiscal year that roughly coincides with March-December.
 

Dutch Discuss Water Cooperation With Iran

Avenues for cooperation in water industry were discussed in a meeting in Tehran between officials of the Energy Ministry and Netherland's Ministry of Infrastructure and Environment on Sunday.
 

Iran, Japan to Cooperate in Transfer Technology to Reduce Water Consumption in Iranian DRI Plants

KOBELCO will cooperate to transfer technology to reduce water consumption in Iranian DRI plants.
 

Caspian Water Transfer Plan Opposed

The parliament has opposed the controversial plan to transfer water from Caspian Sea to the drought-hit central plateau after long debates over the issue.
 

Iranian Gov't Wants Diminished Role in Water, Power Projects

The government is enforcing new regulations that restrict new state funding for new power plant and dam projects in the next five years, Alireza Daemi, the deputy energy minister said.
 

Joint Committee to Enhance Water, Power Ties to Iraq

Iran and Iraq have established a joint committee to fast-track the development of water and electricity projects.
 

Iran Keen to Develop Caspian Reserves

The National Iranian Oil Company is eager to develop offshore oil and gas fields in the Caspian Sea in collaboration with foreign majors.
 

Ten South Pars Platforms Under Construction

Iran Marine Industrial Company, Sadra, is building 10 offshore platforms to develop the remaining phases of the giant South Pars Gas Field in the Persian Gulf, the deputy for development and engineering at the National Iranian Oil Company said.
 

Egypt Signs $220m Energy Deals

Egyptian Oil Minister Tarek El Molla has signed three offshore oil and gas exploration and production deals worth a total of at least $220 million with France's Total, Britain's BP and Italian oil major ENI's Egyptian subsidiary IEOC, the ministry said on Wednesday.
 

Renewed Interest in Offshore Exploration

Oil exploration in the Persian Gulf is now on the agenda of the National Iranian Oil Company's exploration department that is why "Sahar 1" drilling rig will be employed to expand explorations in the region, Saleh Hendi, director of drilling operations at NIOC said Monday.
 

Standard Equipment to Help Cut Offshore Drilling Costs

The global offshore oil industry could cut exploration costs by more than 30% if it would just agree to use standardized equipment, according to the International Marine Contractors Association (IMCA).
 Chitchian:

Plan to Use Drones for Power Grid Inspection

New technologies are planned to be used to improve the maintenance of power grids, Energy Minister Hamid Chitchian said on Wednesday.
 

Iran boosts electricity generation capacity by 2.199GW

TEHRAN – Iran increased its electricity generation capacity by 2.199 gigawatts, boosting it to 76.302GW, in the past Iranian calendar year 1395 which ended on March 20, according to a report by the Iran Power Grid Management Company.
 

Iran Reportedly Resumes Electricity Export to Iraq

Iran has resumed electricity export to Iraq after it halted supply in the beginning of the year, according to a Friday report by Mehr News Agency.
 

Increase in Iran's Electricity Export to Pakistan

A 230/63-kilovolt power substation went on stream in the southeastern province of Sistan-Baluchistan last week in the framework of plans to boost electricity exports to Pakistan.
 

Iran Says Power Plant Deal in Progress With Turkish Co.

Tehran will not backpedal on an agreement with the Turkish energy company Unit International for the construction of seven power plants, Mohsen Tarztalab, the managing director of Iran's Thermal Power Plants Holding Company said.
 

Genaveh Power Plant Fully Operational

The steam unit of Bandar Genaveh Combined Cycle Power Plant with an output capacity of 160 megawatts is expected to go on stream on Thursday in a ceremony attended by Hamid Chitchian, the energy minister, in Bushehr Province, Iran’s Thermal Power Plants Holding Company (TPPHC) project director said on Tuesday.
 

Bushehr Nuclear Plant Output to Increase

Two percent of Iran's total electricity output comes from the sole nuclear power plant in the south, but output is expected to rise, says the head of Bushehr Nuclear Power Plant.
 

France to Shut Oldest Nuclear Plant

France's oldest nuclear power reactor will stop electricity production by April 2020, once a new generation EPR reactor under construction in Flamanville is operational, according to a decree issued in the country's official gazette on Sunday.
 

South Africa's $72b Nuclear Project May Move in June

South Africa's tender for the estimated 1 trillion-rand ($72 billion) expansion of its nuclear power plants will begin in June when state utility Eskom requests proposals from companies bidding for the project.
 

AEOI Chief Underscores Nuclear Progress

Iran's nuclear chief highlighted the positive developments following the 2015 nuclear agreement, citing among other things the recent injection of uranium gas into Iran's latest generation of centrifuge machines.
 

Iran's Nuclear Achievements Showcased

The nuclear deal has allowed Iran to commercialize its nuclear industry and engage in nuclear trade with other countries
 

IAEA Verifies Compliance of Tehran's Nuclear Program

The head of UN nuclear watchdog said the body is continuing to verify the peaceful nature of Iran's nuclear program, confirming Iran's fulfillment of its obligations under the July 2015 nuclear pact with world powers.
 

Investment in Renewable Energies Drops Globally

Global investments in renewable energy fell by almost a quarter in 2016 amid a drop in prices and lower spending in some markets, according to a US-backed report.
 

Abu Dhabi to Build World's Largest Solar Power Plant

Abu Dhabi's government-owned power utility aims to close a financing package for a 3.2 billion dirham ($872 million) solar power plant, which will be the world's largest, in April, a senior official at the utility said on Sunday.
 

Renewables Accounted for 90% of Europe’s New Power in 2016

Renewable energy accounted for 90% of new power added to Europe’s electrical grids in 2016, according to WindEurope, an association based in Brussels that promotes the use of wind power in Europe.
 

China Renewable Energy Expansion on Track

China will replace huge amounts of fossil fuels with renewable energy in the next five years in pursuit of better air quality.
 

German Co. Signs $108m MoU to Build Solar, Wind Plants

Germany’s Medio Energy signed a memorandum of understanding for the construction of a wind and a solar power plant in south Iran.
 

Int’l Conference on Renewables Oct. 16-20

An international conference on renewable energies will be held in Tehran this month and is expected to attract big overseas delegations of officials, investors and experts to explore Iran’s underdeveloped renewable industry.
 

German Co. Signs $108m MoU to Build Solar, Wind Plants

Germany’s Medio Energy signed a memorandum of understanding for the construction of a wind and a solar power plant in south Iran.
 

Iranian Firm to Build 50 MW Wind Farm in Pakistan

Pakistan has issued a permit for the construction of a wind power plant in the country’s Sindh Province by Iran Power and Water Equipment and Services Export Company (SUNIR).
 

Metso wins recognition as a leading brand in the Brazilian mining sector for the second consecutive year

For the second year running, a survey conducted by IN THE MINE magazine in Brazil ranked Metso as a leading brand in the Brazilian mining sector. Metso was number one in the categories of Crushing and Maintenance of Mineral Beneficiation Mills.
 

Metso has set sustainability targets for its own operations for the years 2016-2018

Metso has revised its sustainability strategy and set targets related to its own approach to sustainability for the years 2016-2018.
 

Metso involved in over 100 shutdowns and turnarounds around the world in various industry sectors in 2015; focus on increasing customers' productivity

Metso has solid experience in delivering engineered performance and reliability to oil and gas, pulp and paper, and process industry customers through its leading product brands Neles® and Jamesbury®, and has delivered millions of control valves and on-off valves globally over the last 90 years. Metso has valve technology centers and valve production facilities in Finland, the United States, Germany, China, South Korea, India and Brazil.
 Metso expands its emergency shutdown valve diagnostic offering:

Intelligent partial stroke test system eliminates costly spurious trips

Metso has launched a groundbreaking intelligent partial stroke test (PST) system called Neles ValvGuard(TM) VG9PST. The solution helps customers diagnose the performance of emergency shutdown (ESD) valves, improve the cost efficiency of installations that use an external solenoid valve, and ultimately, eliminate costly spurious trips risk with such installations. The new solution has unique features like increased pneumatic capacity and it is targeted especially for oil and gas industry customers, bringing advanced features for their ESD valve diagnostic needs.
 

Fives was awarded a contract for “Total Bio TFuel” project in Dunkerque, France

Fives was recently awarded a contract to supply Total with a Pillard LowCaloryFlam burner and a combustion chamber as part of the “Total Bio TFuel” project on Mardyck site, in Dunkerque, France.
 

Iran Says Power Plant Deal in Progress With Turkish Co.

Tehran will not backpedal on an agreement with the Turkish energy company Unit International for the construction of seven power plants, Mohsen Tarztalab, the managing director of Iran's Thermal Power Plants Holding Company said.
 

Outotec starts employee cooperation negotiations to streamline certain units in Finland and Germany

Outotec continues to adjust its operations due to prolonged weak market situation for the metals refining solutions.
 The Businees Year Interview with:

Mohammad Iravani Chairman & CEO of Dana Energy and Amir Hossein Kaveh Deputy CEO of Sadid Industrial Group

The private sector has proven itself worthy of taking a leading role in Iran's energy future.
 

Hormozgan Power Plant Construction to Begin in Feb.

Operations to construct a 1,400 megawatt thermal power plant in south Iran in cooperation with Russia will begin in two months, Mohsen Tarztalab, managing director of Iran's Thermal Power Plants Holding Company (TPPHC) said.
 

Iran to Improve Power Plant Efficiency

Iran has decided to phase out inefficient power plants, improve the aging electricity infrastructure and move toward modern power production technology, head of Iran's Thermal Power Plants Holding Company said.
 

MAPNA-Built Power Plant in Basra to Start Partial Output

The 3,000 MW power plant is expected to ease electricity shortage in the war-torn Arab country which is fighting an insurgency led by the so-called Islamic State.
Building Materials
 

Iran Holds 3b Tons of Decorative Stone Reserves

Iran holds 3 billion tons of decorative stone reserves, says an executive of Iran Stones Association.
 By the Presence of International Mining Delegates:

The International Mining Trade Fair Has Just Opened Up

Tehran is hosting over 300 national and foreign companies in the International Trade Fair for Construction Machinery and Vehicles, Mining, Building Material Machines and Natural Stone Industry at Tehran International Exhibition Center
 

Stone Exporters Hit Rock Bottom

Despite a 20-year-long record in the business and access to sizable and high-quality stone reserves, Iranian stone exporters have not yet been able to cross the $200 million mark in exports, the head of Stone Association of Iran said.
 

Tehran to Host Stone, Mining Exhibition

The International Exhibition of Stones, Mining, Machinery and Related Industries will be held in Tehran’s International Fairground on July 18-21, 2016.
 

Kish to Host CEBEX 2017

The 13th International Exhibition of Construction and Civil Engineering, otherwise known as CEBEX 2017, is scheduled to be held on May 2-5 on the southern Kish Island’s International Exhibition Center, an official with Iran Chamber of Cooperatives said.
 

Uptick in Housing Starts Raises Recovery Hopes

According to official data, the volume of residential real-estate deals in the city of Tehran during the eight months has climbed by 9%
 

Most Workplace Fatalities in Construction Sector

Workplace accidents claim the lives of 1,500 people on a yearly basis, deputy roads and urban development minister, Hamed Mazaherian, said.
Sciences
 

Miners’ 13 Research Priorities to Benefit Exemption of State Law

Administrative regulation related to applied research priorities that makes miners exempted from 10 percent of the state law announced by the mining deputy of Ministry of Industry ,Mine and Trade (Iran).
 

ERG and the GOSH arrange a visit of a well-known UK oncologist Dr Michalski to Astana

The Slogan of Eurasian Resources Group is " Experience, Responsibility and Legacy"
 

Zekelman Industries Places Orders with SMS Group for Modernization of ERW Tube Lines

Increased productivity and a broader product portfolio
 

Gianpietro Benedetti on technologies for new market realities

Interview by Richard Barrett, editor of Metal Bulletin, as appeared in Metal Bulletin Dec 2016 issue.
 

One more step towards Industry 4.0

Danieli Automation acquires Telerobot Labs
 

TATA Steel Produces Ultra-Clean Steels with VIM X-EED® Unit from SMS Group

Tertiary metallurgy center makes speciality steels for the aerospace industry
 

Tehran Ready to Share Nuclear Knowhow

The Atomic Energy Organization of Iran said sharing nuclear knowhow with neighboring countries will pave the way for regional development.
 

Iran Ready to Transfer Technical Know-how of Rare Earth Elements

Head of Iranian Mineral Processing Research Center(IMPRC) announced that IMPRC is ready to transfer technical know-how of rare earth elements to other countries.
 

Iran, Denmark Cooperation in Knowledge Transfer

Ehdasse Sanat and FLSmidth companies signed Memorandum of Understanding aimed to cooperation in technical knowledge transfer in cement industry, training experts and joint venture.
 

Iran University Students Develop Solar Car

The preliminary design of a solar car named 'Sepehr' (Sky) will be unveiled at the Mechanical Engineering Faculty of Iran University of Science and Technology (IUST) this week.
 

POSTECH was ranked 8th best university in Asia by Times Higher Education

In the Asia University Rankings, THE employed the same performance indicators used for its World University Rankings ㅡ 13 indicators in 5 areas including Teaching, Research, Citations, International Outlook and Industry Income ㅡ but more weight was given this year to the industry income indicators as industry-academia cooperation has become a crucial issue to universities.
 

Invitation for Collaboration in Mineral Research Projects

Chairman of the board of IMIDRO invited the region countries to collaborate in mineral processing research projects.
 

Tehran Hosts Mineral Processing Symposium

The First International Mineral Processing Activists Symposium (IMPAS 2016) is scheduled to be held in Tehran on October 25-26.
 

IMPRC to Hold 1st International Mineral Processing Activists Symposium on October 25

1st International Mineral Processing Activists Symposium (IMPAS 2016) & 3rd Workshop of Iron Ore and Base Metals Processing (ECO Experts) will be held by IMPRC on 25-26 October, IMPRC administrator announced.
 

POSTECH was ranked 8th best university in Asia by Times Higher Education

In the Asia University Rankings, THE employed the same performance indicators used for its World University Rankings ㅡ 13 indicators in 5 areas including Teaching, Research, Citations, International Outlook and Industry Income ㅡ but more weight was given this year to the industry income indicators as industry-academia cooperation has become a crucial issue to universities.
 

IMIDRO’s Attention to Training, Research Sector

IMIDRO will pay special attention to training and research sector as the prerequisites of the technology and innovation development in mine and mining industries sector in the next Iranian year (20 March 2016_19 march 2017), Director of the IMIDRO’s training ,research and technology department announced.
Scrap & Recycling
 

The Discreet Charm of Gas for Iranian Steel

The steel industry accounts for 4-5% of Iran’s daily gas consumption of 90 million cubic meters / Iran holds an estimated 34 trillion cubic meters of gas, which constitute the biggest natural gas reserves in the world
 

Scrap Iron Scarcity Ironic

In Iran, cheap energy and abundance of iron ore are the main causes deterring steelmakers from using scrap metal
 

Experts Call for Modernizing Metal Recycling

Using scrap metal recycled through traditional methods hampers steel production efficiency, increases the industry’s energy costs and causes water and air pollution, the head of Khorasan Razavi Province’s Public-Private Dialogue Council said.
 

Thousands of Ships Being Scrapped

The shipping industry is taking a beating. About 1,000 ships capable of hauling 52 million metric tons of cargo will be cut up and sold for scrap metal this year.
 

Scrap market forecast and industry salvation, Congress of scrap recyclers from 30 countries.

At 29 February – 1 March 2016 will be held the 12th International Forum ”Ferrous and Non-Ferrous Scrap Metals”.
 

Iron ore miners have new price competition: Chinese scrap

Chinese mills owners who believe the steel boom is over may well take the time to prepare for a not too distant future when scrap is readily available
Auto
 

Monthly car output up 27% yr/yr

TEHRAN- Iranian car makers manufactured 124,691 vehicles in the last month of the past Iranian calendar year, Esfand (February 20-March 20), with 27 percent growth from 98,167 cars manufactured in the same month in its preceding year, ISNA reported on Wednesday.
 

Iran Automakers Produce 1.25m Vehicles in Last Fiscal

Car companies in Iran are struggling to produce as much as the wanted / logistical issues have also dogged carmakers rushing to bring out new vehicles
 

Iran Gov't Declares 11-Month Auto Earnings

The Central Bank of Iran has released data on the government’s income from taxes in the automotive sector for the 11-month period ending February 20.
 

Tractor Company Releases Production, Export Data

Head of Iran Tractor Manufacturing Company (ITMCO), announced the firm's production and export figures in the last fiscal that ended on March 20.
 

India’s TATA Unveils First Sportscar

India’s Tata Motors showcased a preproduction versions of the Italian-design Racemo two-seat sports car from its new upscale subbrand, TAMO.
Upcoming Events
Find a Job !
Tenders
Publications
 Scrap & Recycling

Ahangan

 Foundry & Metallurgy

Foundry Industry

Our partners