NEWS
IRON and STEEL
 

ArcelorMittal Temirtau orders new ladle furnace from SMS group

23 September 2017 Time: 21:15
ArcelorMittal Temirtau, Kazakhstan, recently awarded SMS group a purchase order for the supply of a new 290-ton ladle furnace for its plant in Temirtau, Kazakhstan.
 

Iran Steel Output Tops 13m Tons

23 September 2017 Time: 20:53
Iranian steel mills produced 13.44 million tons of steel from the beginning of January this year up to the end of August, registering a 15.7% growth compared with last year's corresponding period, the latest report released by World Steel Association shows.
 

JSW Dolvi orders converter shop and secondary metallurgy at SMS group

21 September 2017 Time: 19:52
JSW Steel Limited, India, has placed an order with SMS group for the supply of a converter shop for its Dolvi plant which has to fulfill high demands in terms of energy efficiency and environmental protection.
 

Steel Production Chain Imbalance Impeding Industry Expansion

21 September 2017 Time: 17:44
The government has turned to various experts for assessing the steel industry’s status quo and analyzing its expansion program’s progress and shortcomings in the last few years.
 

Mercantile Exchange only institution to set price based on supply and demand: MSC chief

20 September 2017 Time: 15:31
The Iranian government’s policy on industry and manufacturing sector is based on the principle of allowing the private sector to make its presence felt as the government cedes control of industrial institutions and instead focuses on policymaking, the managing director of Mobarakeh Steel Company (MSC) said.
 

Emirates Steel sets new record in DRI production

20 September 2017 Time: 14:41
Energiron DRI plant #2 reached 105% availability over the last 12 months
NON-FERROUS
 

EGA extends research partnership with Massachusetts Institute of Technology

17 September 2017 Time: 11:48
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, will work with the Massachusetts Institute of Technology on six new practical research projects at EGA later this year.
 

Alba Progresses its Historic US$ 3 Billion Line 6 Expansion Project

17 September 2017 Time: 11:26
Aluminium Bahrain B.S.C. (Alba), the first aluminium smelter in the Gulf region, has been making steady progress with the execution of its flagship development,
 

Talum expands aluminum extrusion billet production

13 September 2017 Time: 19:13
Talum d.d. based in the Slovenian town of Kidričevo has ordered a continuous homogenizing furnace and a helical ultrasonic testing station from Hertwich.
 

China's Chalco plans $500m investment in Guinea bauxite project

21 August 2017 Time: 18:19
Aluminium Corp of China (Chalco) plans to invest $500 million in a project to produce bauxite, used to make aluminium, in Guinea starting next year, the mines ministry said.
 

Feasibility Study of Guinea Bauxite Project Confirmed

9 June 2017 Time: 15:50
Final feasibility study report of Conakry Guinea bauxite project was confirmed by IMIDRO and Conakry Guinea Minister of Geology and Mines. Both sides defined the terms of cooperation for cost reduction, implementation and financing project as well.
 

Emirates Global Aluminium Orders Seventh Hertwich Batch Homogenizing Unit

15 April 2017 Time: 01:25
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.
 

Copper, iron ore price drops bring mayhem to mining stocks

10 September 2017 Time: 12:45
Mining and metals investors were offloading the sector's big names on Friday after sharp declines in iron ore and base metals prices which according to some market observers have been running ahead of fundamentals.
 

Major copper producers lose record output

4 September 2017 Time: 20:17
The world's major copper producers have lost a record amount of copper output due to strikes, power outages and low ore grades, according to research from Metal Bulletin.
 

Freeport to yield control of giant Grasberg copper mine to Indonesia

30 August 2017 Time: 23:26
Shares in Freeport McMoRan Inc (NYSE:FCX) tanked Tuesday morning following the world's second largest copper miner’s announcement that it was giving Indonesia a majority stake in its massive Grasberg copper and gold mine
 

The 15th International Flash Smelting Congress

30 August 2017 Time: 21:46
The tradition of the International Flash Smelting Congresses began almost 45 years ago on October 23rd, 1972 when the smelter engineers from 14 Flash Smelters around the world convened in Pori, Finland to share their operating practices and experience.
 

Copper price powers on but doubts are starting to creep in

29 August 2017 Time: 14:25
December copper futures trading on the Comex market in New York powered ahead on Monday after hedge funds pushed bullish bets on the metal to fresh record highs.
 

Kerman Copper Sulfide Ore Output at 35m Tons

8 August 2017 Time: 02:57
Sarcheshmeh and Miduk copper mines produced 35 million tons of copper sulfide ore in the last fiscal year (ended March 20, 2017), according to Mohammad Hassani, chairman of National Iranian Copper Industries Company’s branch in the southeastern Kerman Province, where the two mines are located.
 

Canada’s Trevali among world’s top zinc producers with Glencore mines buy

1 September 2017 Time: 12:38
Canadian miner Trevali (TSX:TV) reached a milestone Thursday, as it finished the acquisition of majority stakes in Glencore’s (LON:GLEN) Rosh Pinah mine in Namibia and the Perkoa mine in Burkina Faso.
 

Government placed great trust in private sector for Mehdiabad Zinc and Lead Project

20 August 2017 Time: 22:49
Iran, currently, has 3% of lead and zinc reserves in the world ranking the country as the fourth largest producer of these mineral concentrates in Asia after China, Kazakhstan, and India. Likewise, the country is the second major producer after Turkey in the MENA region.
 

Start of Mehdiababd Mine Operation and Processing Plants Construction

24 July 2017 Time: 22:39
Operation of Mehdiabad lead and zinc mine and construction of mineral processing plants is started, today with attendance of Industry, mine and Trade Minister, Chairman of the board of IMIDRO, Provincial Officials and private companies in Yazd Province.
 

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

15 April 2017 Time: 00:32
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

10 April 2017 Time: 20:08
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

19 February 2017
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.
 

Asia gold-demand hit by high prices ahead of expected festival-led buying

10 September 2017 Time: 12:20
Demand for physical gold in Asia could pick up in the coming weeks as India's festival season drives interest in the metal, after high prices kept buyers at bay again this week.
 

Gold price gains for 2017 top $200 after latest rally

8 September 2017 Time: 11:16
On Thursday, gold's status as a hedge against uncertainty were burnished again as investors worried about impact of storms in the US and escalating geopolitical tensions marked down the dollar.
 

Centerra Gold shares soar on Kyrgyz settlement talks

7 September 2017 Time: 11:32
Canadian miner outlines terms of proposed environmental settlement with Asian nation that would remove cloud over massive Kumtor gold mine
 

Freeport to yield control of giant Grasberg copper mine to Indonesia

30 August 2017 Time: 23:26
Shares in Freeport McMoRan Inc (NYSE:FCX) tanked Tuesday morning following the world's second largest copper miner’s announcement that it was giving Indonesia a majority stake in its massive Grasberg copper and gold mine
 

India launches world's first diamond futures exchange

29 August 2017 Time: 14:37
The world’s first diamond futures exchange began trading in India on Monday, with the goal of providing producers a tool to better hedge price risks.
 

Mouteh Gold Output Rise 48%

27 August 2017 Time: 15:38
During the first four months of the current Iranian year (started 21 March 2017), Mouteh Gold Complex output increased 48 percent compared to corresponding period of last year
 

Inauguration of 1st Foreign Investment Plan in Steel Sector

8 May 2017 Time: 04:24
1st foreign investment plan in steel sector inaugurated in Eshtehard Industrial Park with attendance of Minister of Industry, Mine and Trade and chairman of the board of IMIDRO.
 

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

28 October 2016
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

24 September 2016
Boway orders its third Danieli Chain Track Drawing line
 

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

21 August 2016
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

2 July 2016
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

16 June 2016
Silver is found in its natural form as an alloy with gold and other metals, and in ores containing sulfur, arsenic, antimony or chlorine.
MINERALS
 

Iron ore price drops as Chinese steel begins to pile up

17 September 2017 Time: 10:57
The Northern China import price of 62% Fe content ore slumped on Friday as the country's steelmakers stoke production ahead of mandated cuts going into winter which could result in a sudden drop-off in iron ore demand.
 

India's JSW Steel aims to to increase own iron ore production

16 September 2017 Time: 19:24
JSW Steel Ltd, India's biggest local steelmaker, aims to be producing 80 percent of the iron ore needed for its flagship plant in south India in three years time as it seeks to cut costs, a senior executive said.
 

Mineral Exports Rise as Import Volume Declines

16 September 2017 Time: 12:49
Iran exported more than 26.44 million tons of mineral products worth over $3.62 billion during the first five months of the current Iranian year (started March 21), registering a 5.3% and 1.1% growth in tonnage and value respectively compared with last year's corresponding period.
 

Copper, iron ore price drops bring mayhem to mining stocks

10 September 2017 Time: 12:45
Mining and metals investors were offloading the sector's big names on Friday after sharp declines in iron ore and base metals prices which according to some market observers have been running ahead of fundamentals.
 

Macquarie says iron ore, coal prices to remain strong into 2018

4 September 2017 Time: 20:29
Prices for iron ore and coking coal, the two key ingredients for steelmaking, are set to remain buoyant for the remainder of the year, Macquarie Bank predicted in a recent report.
 

Iron Ore Concentrate Output Up 28%

27 August 2017 Time: 13:57
Major Iranian mining companies produced 12 million and 449 thousand and 804 tonnes of Iron Ore concentrate in the first four months of the current Iranian year(started march 21),up 28 percent year-on-year.
 

Canada’s Donkin coal mine begins processing ore on site

13 September 2017 Time: 17:49
Donkin mine, the first underground coal operation in Canada’s Cape Breton in 15 years, can process all permitted production on site as its handling, preparation and processing plant is now operational.
 

India needs to find allies to tap cheap funds for clean coal – trade body

8 September 2017 Time: 11:49
India needs to partner with other countries to tap cheaper funds for cleaner coal technologies as the South Asian nation is expected to use the fuel to produce over half of its power in the next two decades, the World Coal Association chief said on Thursday.
 

Macquarie says iron ore, coal prices to remain strong into 2018

4 September 2017 Time: 20:29
Prices for iron ore and coking coal, the two key ingredients for steelmaking, are set to remain buoyant for the remainder of the year, Macquarie Bank predicted in a recent report.
 

FST Co. sets record for top design, construction, protection of environment and energy efficiency

4 September 2017 Time: 12:41
Relying on the latest technology to reduce waste and energy consumption, Central Alborz Coal Washing Plant started its operations.
 

Iran’s coal boosting plan by 2025

20 August 2017 Time: 22:14
In terms of variety and amount of mineral reserves, Iran regarded as one of the leading countries in the world.Coal as one of these reserves is divided into two categories on the basis of consumption market: coking coal mainly used in steel chain and thermal coal chiefly used in coal power plants.
 

Coordination of Government’s Economic Team will Boost Iran, China Ties

15 August 2017 Time: 22:18
In second government of President Rouhani coordination of economic team will extend Iran and China economic ties, chairman of the board of IMIDRO said.
 

Cement Expo Opens in Isfahan

31 August 2017 Time: 12:26
The Fourth Isfahan Cement Expo opened on Thursday and is scheduled to run until Saturday.
 

Government Control Hamstrings Cement Industry

19 February 2017
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

2 February 2017
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

2 February 2017
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

25 January 2017
Iran is currently the world’s seventh largest cement producer
 Amir Havasi, Business & Markets Desk:

Cement Industry Mulls Options to Sustain Domestic Demand

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

Teko Mining in Serbia improves product quality and production capacity by implementing Metso's crushing and screening solutions

10 September 2017 Time: 16:17
Teko Mining, Serbia's largest aggregates producer has selected Metso to provide crushing and screening equipment for two of their quarries in Serbia.
 

Hitachi Launches After Sales Services in Iran

8 May 2017 Time: 04:38
Japan’s Hitachi Construction Machinery Company has launched an after sales service in Iran in collaboration with industrial vehicle holding firm ‘Arian Sarmaie’.
 

New Digital Tool Makes Equipment Inspections Faster and Provides Same-day Reports

24 April 2017 Time: 13:38
Customers can now get immediate feedback from their equipment inspections thanks to a new mobile app being rolled out for Outotec equipment.
 

Outotec to deliver grinding and flotation technology to Russia

24 April 2017 Time: 13:33
Outotec has been awarded a contract for the delivery of grinding and flotation technology in Russia.
 DESIGNED FOR SAFETY:

OUTOTEC'S 7-AXIS BEAM MILL RELINE MACHINES

15 April 2017 Time: 00:23
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

24 January 2017
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.
 

Esfordi’s Phosphate Production Rise 23%

20 September 2017 Time: 13:58
Esfordi Phosphate Industrial & Mineral Complex’s production rise 23% during the first five months of the current Iranian year (March 21-August 22).
 

Mineral exploration in Australia: Good News

13 September 2017 Time: 17:16
On the exploration front, there have been two items of good news this month.
 

Teko Mining in Serbia improves product quality and production capacity by implementing Metso's crushing and screening solutions

10 September 2017 Time: 16:17
Teko Mining, Serbia's largest aggregates producer has selected Metso to provide crushing and screening equipment for two of their quarries in Serbia.
 

Iran the Only Mideast Producer of Iodine

5 September 2017 Time: 22:03
Golestan’s first iodine factory was launched 10 years ago and Iran joined the ranks of very few countries that produce iodine
 

Iran, Georgia hold joint business forum in Tehran

5 September 2017 Time: 13:30
Iran-Georgia joint business forum was held at the place of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and in the presence of both countries’ ambassadors, the official portal of ICCIMA reported on Monday.
 

Brazil judge blocks decree allowing mining in Amazon

30 August 2017 Time: 23:13
A Brazilian court blocked Wednesday a controversial decree by President Michel Temer that would have opened up a vast national reserve in the Amazon, larger than the size of Switzerland, to mining.
METALLURGY
 

Ahead Complete Global a Motto Is Being Lived!

16 January 2017
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

14 January 2017
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

23 September 2016
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

10 June 2016
Hertwich Engineering supplies on turnkey basis
 

METAFOUND 2016

30 May 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

30 January 2016
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

26 January 2017
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

27 June 2016
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

13 November 2016
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

5 June 2016
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)

24 December 2015
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

4 October 2015
North America’s largest-dimension high-pressure die casting machine to debut next June
 

Seven Expands Activities for the Aluminium Industry

30 March 2017 Time: 22:13
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

30 March 2017 Time: 21:16
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

30 March 2017 Time: 20:50
Immediately after the start of Seven’s focus on aluminium, we were entrusted with a crucial task.
 

China's Yunnan province starts safety checks on metals plants

7 September 2017 Time: 11:39
China's southwestern Yunnan province said on Tuesday it is launching safety inspections on iron, steel and aluminium plants as part of a crackdown on outdated capacity.
 

Outotec and Outokumpu settled their patent dispute regarding ferroalloys technology inventions

13 January 2017
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

14 August 2016
Crude steel and steel products accounted for nearly half of the overall export value
 

Iran’s Ferrochrome Seeks to Increase Global Market Share

27 July 2016
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

7 May 2016
Axens will Conduct a bankable feasibility study for the first petroleum coke plant in Iran.
 

Axens to Study Petcoke Unit Feasibility

28 April 2016
Technical and economic feasibility studies for setting up the first Iranian petroleum coke company have been handed over to the French engineering firm Axens.
 

JSW Dolvi orders converter shop and secondary metallurgy at SMS group

21 September 2017 Time: 19:52
JSW Steel Limited, India, has placed an order with SMS group for the supply of a converter shop for its Dolvi plant which has to fulfill high demands in terms of energy efficiency and environmental protection.
 

Alba Progresses its Historic US$ 3 Billion Line 6 Expansion Project

17 September 2017 Time: 11:26
Aluminium Bahrain B.S.C. (Alba), the first aluminium smelter in the Gulf region, has been making steady progress with the execution of its flagship development,
 

Primetals Technologies and Midrex receive performance test certificate from Lebedinskiy GOK for new 1.8 mtpy Midrex HBI-3 plant

16 September 2017 Time: 19:04
The new 1.8 million metric ton per year Midrex hot briquetted iron (HBI) plant at Lebedinsky Mining and Processing Integrated Works (LGOK), in Gubkin Russia, has announced the completion of its performance guarantee test (PGT).
 

Evraz ZSMK to improve VD performances by Danieli technological packages

16 September 2017 Time: 18:24
Q-TEMP VD will increase vacuum-degassing flexibility and process control
 

Danieli three-roll cross rolling mill in quick operation at Vallourec, Rath, Germany

13 September 2017 Time: 17:57
After just two months of performance testing, Vallourec Deutschland released mill acceptance certification
 

China's Yunnan province starts safety checks on metals plants

7 September 2017 Time: 11:39
China's southwestern Yunnan province said on Tuesday it is launching safety inspections on iron, steel and aluminium plants as part of a crackdown on outdated capacity.
 

Phosphate Concentrate Output Rises

3 July 2016
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

11 March 2016
“The Bright World of Metals” will be taking place in Düsseldorf again from 25. to 29. June 2019
ECONOMY
 

IME’s Trade Value of Metal and Mineral Commodities, Up 21%

27 August 2017 Time: 14:00
Trade value of Metal and Mineral commodities in Iran Mercantile Exchange during last Iranian year(ended 20 March2017) indicating a 21.6% growth compared to the same period of the previous year, IME announced in its Quarterly newsletter(Spring 2017).
 

Metal and Mineral Product Spot Market Trading Ranked Top in IME

8 May 2017 Time: 04:15
Metal and mineral product spot market trading value and volume respectively ranked 1st and 2nd in Iran Mercantile Exchange, IME announced in its quarterly newsletter of winter 2017.
 

Metal and Mineral Products Trading Value Increased in Fall 2016

2 February 2017
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

26 January 2017
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

26 January 2017
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

24 January 2017
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.
 

Copper, iron ore price drops bring mayhem to mining stocks

10 September 2017 Time: 12:45
Mining and metals investors were offloading the sector's big names on Friday after sharp declines in iron ore and base metals prices which according to some market observers have been running ahead of fundamentals.
 

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

14 April 2017 Time: 20:53
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

13 April 2017 Time: 00:46
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

25 January 2017
Iran is currently the world’s seventh largest cement producer
 

$125m of Foreign Investments in IFB Post Sanctions

20 January 2017
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

28 December 2016
The Tehran-based media corporation Donya-e-Eqtesad launched a stock market information service called Donya-e-Bourse on Sunday.
 

Iran Focusing on Insurance Development

13 April 2017 Time: 15:19
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

8 January 2017
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

27 June 2016
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

4 December 2015
The largest Italian insurance company, SACE, is ready to provide 5billion Euros for insurance coverage of Iran- Italy relations, CEO of SACE announced.
 

Shariatmadari to Head Iran-Turkey Economic Commission

12 September 2017 Time: 10:40
Minister of Industries, Mining and Trade Mohammad Shariatmadari has been appointed the new Iranian head of Iran-Turkey Economic Commission.
 

India to Finance Rolling Stock Manufacturing Company in Iran

7 September 2017 Time: 10:39
Two Indian firms have signed an agreement with the Industrial Development and Renovation Organization of Iran to finance the construction of a rolling stock manufacturing company.
 

New Measures to Boost Domestic Production

14 April 2017 Time: 21:34
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

30 March 2017 Time: 20:38
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

24 January 2017
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

7 September 2016
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.
 

Iran Signs €500 Million Finance Deal with Denmark

22 September 2017 Time: 11:00
Denmark's Danske Bank signed a €500 million finance contract with 10 Iranian banks on Thursday, becoming the second European lender to ink such an agreement with Iran.
 

Iran, Austria Banks Finalize €1 Billion Finance Deal

21 September 2017 Time: 19:41
Austria's Oberbank signed a finance deal worth €1 billion with 14 Iranian banks Thursday in Vienna.
 

Foreign finance a post-sanction necessity?

20 September 2017 Time: 13:43
The implementation of Iran’s nuclear deal in January 2016 lifted a majority of sanctions against the country.
 

$10b Chinese Finance for Iran, More in the Pipeline - Update

16 September 2017 Time: 12:15
Five Iranian banks have jointly signed a finance deal worth $10 billion with CITIC Trust, a Chinese state-owned investment company, to fund development projects in Iran.
 

Bank Sepah to Open 3 Overseas Branches

13 September 2017 Time: 16:20
Bank Sepah, a major Iranian commercial bank, plans to open branches in China, South Korea and Iraq in the near future.
 

Removal of Banking Hurdles to Boost Iran-Brazil Trade Ties

13 September 2017 Time: 16:10
Iran and Brazil underlined the necessity of improving banking relations to boost bilateral trade and investments.
 

Iran Signs €500 Million Finance Deal with Denmark

22 September 2017 Time: 11:00
Denmark's Danske Bank signed a €500 million finance contract with 10 Iranian banks on Thursday, becoming the second European lender to ink such an agreement with Iran.
 

Iran, Austria Banks Finalize €1 Billion Finance Deal

21 September 2017 Time: 19:41
Austria's Oberbank signed a finance deal worth €1 billion with 14 Iranian banks Thursday in Vienna.
 

IDRO Excels at Cutting Deals in Post-Sanctions Era

21 September 2017 Time: 10:52
Seven out of 24 memoranda of understanding between the Industrial Development and Renovation Organization of Iran and its foreign partners in the post-sanctions era have been signed into contracts.
 

Foreign finance a post-sanction necessity?

20 September 2017 Time: 13:43
The implementation of Iran’s nuclear deal in January 2016 lifted a majority of sanctions against the country.
 

Great Opportunity in Recycling Investment

20 September 2017 Time: 12:54
Recycling is a strategic industry, as it generates considerable value added and creates sustainable jobs. However, lack of investment has failed to realize its high potentials.
 

Austria OKs €1bn credit line for Iran steel project

13 September 2017 Time: 20:19
Austria says it has allocated a credit line of €1 billion for a major steel production project in southern Iran.The announcement was made by the visiting Austrian Finance Minister, Hans Jörg Schelling, during a visit to Tehran.
 

SPEIDC Calls for investment in Construction of Power Plant

15 August 2017 Time: 22:52
South Parsian Energy-intensive Industrial Development Company calls for investment in Construction of Power Plant, Substations and Transmission Lines in PEISEZ
 

India sees Iran’s Chabahar ‘a gateway to golden opportunities’

8 August 2017 Time: 02:46
Chabahar port, located in the energy-rich Persian Gulf nation's southern coast, is easily accessed from India's western coast, bypassing Pakistan.
 

285 Km of Freeways Since 2013

10 April 2017 Time: 23:18
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

10 April 2017 Time: 22:38
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

26 December 2016
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

26 December 2016
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.
 

$500m Foreign Funds for IRISL Fleet Renewal

16 September 2017 Time: 13:38
Foreign funds worth $500 million for purchasing ships by the Islamic Republic of Iran Shipping Lines have been finalized, the chief executive of the state-run entity announced.
 

Mercedes-Benz, Iran Khodro Sign Truck Deal

13 September 2017 Time: 16:27
Iran Khodro on Tuesday said its trucks division, Iran Khodro Diesel, has signed a deal with Mercedes-Benz Daimler to import heavy duty vehicles.
 

China Sends 2nd Freight Train Down New Silk Road to Tehran

7 September 2017 Time: 10:44
China signed a contract with Iran back in July to finance the electrification of a strand of the New Silk Road in Iran—a 926-km railroad between Tehran and Mashhad with a $1.5 billion loan
 

India to Finance Rolling Stock Manufacturing Company in Iran

7 September 2017 Time: 10:39
Two Indian firms have signed an agreement with the Industrial Development and Renovation Organization of Iran to finance the construction of a rolling stock manufacturing company.
 

India sees Iran’s Chabahar ‘a gateway to golden opportunities’

8 August 2017 Time: 02:46
Chabahar port, located in the energy-rich Persian Gulf nation's southern coast, is easily accessed from India's western coast, bypassing Pakistan.
 Saeed Jalili; Domestic Economy Desk

France’s Alstom JV to Supply Iran With 1,000 Subway Cars

24 July 2017 Time: 21:47
French company Alstom is entering a joint venture with two Iranian companies to manufacture 1,000 subway wagons in three years.
GEOLOGY
 

IMIDRO Introduces Newly Discovered mineral reserves

6 August 2017 Time: 02:53
Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) introduced some mineral reserves discovered recently in the country during a conference held on 30 July 2017.
 

IMIDRO to Hold Exploration Conference

24 July 2017 Time: 21:58
IMIDRO is going to hold a conference on “Iran’s new explorations” in Tehran on July 30.
 

Reconnaissance Phase of all Exploration Projects Finished

2 February 2017
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

9 November 2016
Gerhard Bax, German earth science educator attending Iran ConMin2016, insists that geology is the first step in mining process.
 

IMIS 2016 in Dec.

5 November 2016
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

26 October 2016
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.
ENVIRONMENT
 

Environment to Enter Iran School Curriculum

31 August 2017 Time: 12:57
Lessons on environment protection will soon enter the school curriculum, the head of Education Office at the Department of Environment said.
 

Brazil judge blocks decree allowing mining in Amazon

30 August 2017 Time: 23:13
A Brazilian court blocked Wednesday a controversial decree by President Michel Temer that would have opened up a vast national reserve in the Amazon, larger than the size of Switzerland, to mining.
 

German, Italian, Korean Firms to Help Build New Iranian Towns

16 August 2017 Time: 21:52
Agreements have been signed with companies from Germany, Italy and South Korea to benefit from their assistance during the second phase of building new cities in Iran
 

US coal industry staging comeback under Trump

12 June 2017 Time: 01:53
Higher prices and support from the new US administration are helping the US coal industry, even as overall demand for the fossil fuel continues to shrink.
 

Dept. of Environment authorized to shut down pollutant industries

14 April 2017 Time: 20:23
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

20 February 2017
Darreh Anjir Wildlife Sanctuary is home to critically endangered species such as Asiatic cheetah and Persian leopard
ENERGY
 

Caspian Oil Swap Underway at Neka

20 September 2017 Time: 13:15
Operations to swap crude oil consignments shipped from Turkmenistan to the port of Neka in northern Iran with deliveries in the Persian Gulf
 

Domestic Firm to Build 1ts SP Phase 11 Platform

20 September 2017 Time: 13:03
An unnamed Iranian company will build the first jacket platform for South Pars Gas Field's Phase 11 in the Persian Gulf, the head of the Society of Iranian Petroleum Industry Equipment Manufacturers said on Tuesday.
 

Iran Seeking Crude Market Expansion in Europe, Asia

17 September 2017 Time: 10:17
Iran has increasingly expanded its footprint in the European oil market since last year's lifting of sanctions, with ports and terminals in Europe taking in nearly 35% of Iranian crude exports.
 

Iran Plans to Hold Tender for South Pars Ph 11 Subcontracts

16 September 2017 Time: 13:06
Iran hopes that operational works on a $5-billion gas deal with France’s Total will begin early next year, as the country takes steps to subcontract part of the works for developing Phase 11 of the giant South Pars Gas Field in the Persian Gulf.
 

New Petroleum Contracts Opaque on Oil Recovery

13 September 2017 Time: 15:01
The new model of Iran's oil contracts is clear on all grounds, but there is still some ironing out to do over the terms of collaboration with foreign companies on raising the recovery factor in oilfields, the managing director of National Iranian Oil Company said.
 

OPEC Invites Libya, Nigeria to Discuss Crude Output Cuts

7 September 2017 Time: 11:26
Libya and Nigeria, the two OPEC members exempt from the current oil production cut deal, have been invited to participate in the producer group's latest ministerial committee meeting on Sept. 22.
 

Domestic Firm to Build 1ts SP Phase 11 Platform

20 September 2017 Time: 13:03
An unnamed Iranian company will build the first jacket platform for South Pars Gas Field's Phase 11 in the Persian Gulf, the head of the Society of Iranian Petroleum Industry Equipment Manufacturers said on Tuesday.
 

French Co. in $42m Deal with Iran to Reduce South Pars Gas Flaring

7 September 2017 Time: 10:57
Eliminating the flaring of associated gas in SP Phase 2 Refinery will prevent some 500,000 tons of carbon dioxide from being released into the atmosphere
 

3 Scenarios to Develop Farzad-B Gas Field

5 September 2017 Time: 13:13
An official at the National Iranian Oil Company says Iran is mulling over three scenarios to develop Farzad-B, a large gas reservoir in the Persian Gulf.
 

Ministry Forecasts Leap in Iran Oil Industry in Two Years

3 September 2017 Time: 09:01
Qatar and Iraq are extracting the lion’s share of joint oil and gas reserves and further procrastination and lack of consensus among policymakers will impose heavy financial losses
 

South Pars Phase 11 Production to Commence in 2021

30 August 2017 Time: 20:04
Gas production from an offshore Iranian project in the Persian Gulf, which is being developed by France’s Total and its partners, will commence in early 2021, Oil Minister Bijan Namdar Zanganeh said.
 

Iran signs $7b drilling deal with Turkey, Russia

17 August 2017 Time: 16:33
Iran's Ghadir Investment Holding has signed a $7 billion agreement with Turkey's Unit International and Russia's state-owned Zarubezhneft to drill for oil and natural gas in Iran, the Turkish company announced on Tuesday.
 

Gas Flaring Cut by 70% in South Pars Refinery

10 March 2017 Time: 14:54
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

3 March 2017 Time: 14:40
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

8 January 2017
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 petchem exports near $3.5b in 4 months

20 August 2017 Time: 22:03
Iran exported 7.188 million tons of petrochemical products worth $3.496 billion during the first four months of the current Iranian calendar year (March 21-July 23)
 

R&D Agreement With Norway Co.

24 April 2017 Time: 13:50
The Petrochemical Research and Technology Company signed a memorandum of understanding with Norway's Norner institute on transferring modern technology to produce higher grades of polypropylene.
 

President to inaugurate 4 petchem projects in coming days

14 April 2017 Time: 20:10
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

13 April 2017 Time: 18:36
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

26 January 2017
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

8 January 2017
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.
 

€406m Foreign Funding for Khuzestan Water Project

5 September 2017 Time: 13:23
First Vice President Es'haq Jahangiri has given the nod to the use of foreign financing, in view of the government's limited financial resources, to fund two public projects:
 

Invitation for Investment in Construction of Sea Water Desalination in PEISEZ

15 August 2017 Time: 22:27
South Parsian Energy-intensive Industrial Development Company invites investors to participate in Construction of Sea Water Desalination, Storage and Transmission of fresh water in PEISEZ.
 

Dutch Discuss Water Cooperation With Iran

11 April 2017 Time: 03:50
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

13 February 2017
KOBELCO will cooperate to transfer technology to reduce water consumption in Iranian DRI plants.
 

Caspian Water Transfer Plan Opposed

30 December 2016
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

28 December 2016
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.
 

Iran Keen to Develop Caspian Reserves

11 April 2017 Time: 01:29
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

13 February 2017
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

30 December 2016
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

28 December 2016
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

27 December 2016
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).
 

Qazvin Unveils Solar Energy Storage System

4 September 2017 Time: 12:00
Iran has unveiled a long-term solar energy storage system in the Science and Technology Park of Qazvin.
 

Qeshm Solar Power Venture Underway

2 September 2017 Time: 19:48
Work on constructing a 10-megawatt solar power plant in Qeshm Island started on Wednesday in what would be the first photovoltaic power station on the Persian Gulf island.
 

Aurus, Russia, places order with SMS Group to supply Urbangold Compact plant for electronic scrap recycling

30 August 2017 Time: 21:03
Aurus, a company based in Moscow, Russia, has placed an order with SMS group for the supply of an UrbanGold Compact plant. The plant will be located near Moscow.
 

Iran Four-Year Power Exports Reach $3.3 Billion

30 August 2017 Time: 20:41
Iran earned $3.373 billion from electricity exports in nearly four years by supplying over 40.1 billion kilowatt/hours of power to neighboring countries between August 2013 and June 2017, an Energy Ministry report said.
 Chitchian:

Plan to Use Drones for Power Grid Inspection

13 April 2017 Time: 16:53
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

30 March 2017 Time: 22:09
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.
 

India’s Answer to Trump on Climate Is Nuclear Power

12 June 2017 Time: 01:45
Modi sees the atom as an alternative to coal and a boost to manufacturing.
 

Bushehr Nuclear Plant Output to Increase

13 April 2017 Time: 01:01
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

11 April 2017 Time: 00:56
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

10 April 2017 Time: 23:25
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

10 April 2017 Time: 15:29
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

10 April 2017 Time: 11:58
The nuclear deal has allowed Iran to commercialize its nuclear industry and engage in nuclear trade with other countries
 

Renewables Set to Constitute 25% of New Power Capacity

12 September 2017 Time: 10:33
In a bid to diversify energy resources and shift away from fossil fuels for electricity generation, the government says a quarter of Iran's new power generating capacity in the next four years should come from renewables.
 

Qazvin Unveils Solar Energy Storage System

4 September 2017 Time: 12:00
Iran has unveiled a long-term solar energy storage system in the Science and Technology Park of Qazvin.
 

Qeshm Solar Power Venture Underway

2 September 2017 Time: 19:48
Work on constructing a 10-megawatt solar power plant in Qeshm Island started on Wednesday in what would be the first photovoltaic power station on the Persian Gulf island.
 

Iran Four-Year Power Exports Reach $3.3 Billion

30 August 2017 Time: 20:41
Iran earned $3.373 billion from electricity exports in nearly four years by supplying over 40.1 billion kilowatt/hours of power to neighboring countries between August 2013 and June 2017, an Energy Ministry report said.
 

$6b Worth of Power Deals Since Sanctions Removal

27 August 2017 Time: 13:26
In line with efforts to attract much-needed foreign funds to expand power output capacity, the Energy Ministry has signed preliminary deals worth $6 billion to build new thermal power plants since early 2016, when sanctions against Tehran were lifted, managing director of Thermal Power Plants Holding Company (TPPHC) said.
 

GE to Help Develop Biggest Wind Farm in Australia

19 August 2017 Time: 23:44
GE has announced that it has entered into an agreement with the Powering Australian Renewables Fund to both supply and install 123 wind turbines for what is set to be Australia's largest wind farm.
 

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

20 December 2016
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

3 September 2016
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).
 

POSCO DAEWOO Completes Uzbekistan's Biggest Combined Cycle Power Plant in Talimarjan

13 September 2017 Time: 20:32
On August 29, POSCO DAEWOO-Hyundai E&C consortium completed the 929MW Talimarjan combined cycle power plant in Talimarjan, Kashkadarya that is approximately 440km southwest from Tashkent, the capital of Uzbekistan.
 

$6b Worth of Power Deals Since Sanctions Removal

27 August 2017 Time: 13:26
In line with efforts to attract much-needed foreign funds to expand power output capacity, the Energy Ministry has signed preliminary deals worth $6 billion to build new thermal power plants since early 2016, when sanctions against Tehran were lifted, managing director of Thermal Power Plants Holding Company (TPPHC) said.
 

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

24 January 2017
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

3 September 2016
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

6 February 2016
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

25 January 2016
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.
 

Economic MoU With Russian Council

20 September 2017 Time: 12:39
The Industrial Development and Renovation Organization of Iran signed a memorandum of understanding with the Russian Trade and Economic Development Council on Tuesday for expanding cooperation in the fields of energy, rail and aviation industries.
 

Iran Seeking Crude Market Expansion in Europe, Asia

17 September 2017 Time: 10:17
Iran has increasingly expanded its footprint in the European oil market since last year's lifting of sanctions, with ports and terminals in Europe taking in nearly 35% of Iranian crude exports.
 

POSCO DAEWOO Completes Uzbekistan's Biggest Combined Cycle Power Plant in Talimarjan

13 September 2017 Time: 20:32
On August 29, POSCO DAEWOO-Hyundai E&C consortium completed the 929MW Talimarjan combined cycle power plant in Talimarjan, Kashkadarya that is approximately 440km southwest from Tashkent, the capital of Uzbekistan.
 

Renewables Set to Constitute 25% of New Power Capacity

12 September 2017 Time: 10:33
In a bid to diversify energy resources and shift away from fossil fuels for electricity generation, the government says a quarter of Iran's new power generating capacity in the next four years should come from renewables.
 

China Creating World’s Largest Power Company

29 August 2017 Time: 14:10
The government of Chinese President Xi Jinping approved the merger of Shenhua Group Corp., the country’s top coal miner, with China Guodian Corp., among its largest power generators, the State-owned Assets Supervision and Administration Commission said on Monday.
 

SPEIDC Calls for investment in Construction of Power Plant

15 August 2017 Time: 22:52
South Parsian Energy-intensive Industrial Development Company calls for investment in Construction of Power Plant, Substations and Transmission Lines in PEISEZ
Building Materials
 

Iran Holds 3b Tons of Decorative Stone Reserves

14 January 2017
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

5 November 2016
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

21 July 2016
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

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

Hitachi Launches After Sales Services in Iran

8 May 2017 Time: 04:38
Japan’s Hitachi Construction Machinery Company has launched an after sales service in Iran in collaboration with industrial vehicle holding firm ‘Arian Sarmaie’.
 

Kish to Host CEBEX 2017

13 April 2017 Time: 15:16
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

26 January 2017
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

17 January 2017
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

30 December 2015
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

28 November 2015
The Slogan of Eurasian Resources Group is " Experience, Responsibility and Legacy"
 

New Digital Tool Makes Equipment Inspections Faster and Provides Same-day Reports

24 April 2017 Time: 13:38
Customers can now get immediate feedback from their equipment inspections thanks to a new mobile app being rolled out for Outotec equipment.
 

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

2 February 2017
Increased productivity and a broader product portfolio
 

Gianpietro Benedetti on technologies for new market realities

13 January 2017
Interview by Richard Barrett, editor of Metal Bulletin, as appeared in Metal Bulletin Dec 2016 issue.
 

One more step towards Industry 4.0

13 January 2017
Danieli Automation acquires Telerobot Labs
 

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

31 March 2017 Time: 00:18
Tertiary metallurgy center makes speciality steels for the aerospace industry
 

Tehran Ready to Share Nuclear Knowhow

30 December 2016
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

18 July 2016
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

13 October 2015
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

8 February 2017
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

3 July 2016
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

26 October 2016
Chairman of the board of IMIDRO invited the region countries to collaborate in mineral processing research projects.
 

Tehran Hosts Mineral Processing Symposium

22 October 2016
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

20 October 2016
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

3 July 2016
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

15 February 2016
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
 

Great Opportunity in Recycling Investment

20 September 2017 Time: 12:54
Recycling is a strategic industry, as it generates considerable value added and creates sustainable jobs. However, lack of investment has failed to realize its high potentials.
 

Aurus, Russia, places order with SMS Group to supply Urbangold Compact plant for electronic scrap recycling

30 August 2017 Time: 21:03
Aurus, a company based in Moscow, Russia, has placed an order with SMS group for the supply of an UrbanGold Compact plant. The plant will be located near Moscow.
 

The Discreet Charm of Gas for Iranian Steel

3 March 2017 Time: 14:22
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

13 February 2017
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

26 September 2016
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

20 August 2016
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.
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MANN+HUMMEL Opens Tehran Office

20 August 2017 Time: 21:54
German manufacturing company and leading global filtration specialist, MANN+HUMMEL, opened an office in Tehran and for the first time has its own representation in Iran.
 

Hitachi Launches After Sales Services in Iran

8 May 2017 Time: 04:38
Japan’s Hitachi Construction Machinery Company has launched an after sales service in Iran in collaboration with industrial vehicle holding firm ‘Arian Sarmaie’.
 

Monthly car output up 27% yr/yr

14 April 2017 Time: 20:47
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

14 April 2017 Time: 13:17
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

13 April 2017 Time: 18:46
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

13 April 2017 Time: 18:41
Head of Iran Tractor Manufacturing Company (ITMCO), announced the firm's production and export figures in the last fiscal that ended on March 20.
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