NEWS
IRON and STEEL
 

Silva Mash orders welded tube mill from Danieli

The new high-productivity ERW line will produce niche tubular products mainly for high-end automotive and furniture applications
 

EZDK to improve bar mill performance with Danieli QTB system

Quenching and Self-Tempering technology is a fast and cost-effective way for bar mill revamping, to obtain improved mechanical properties without micro-alloying during melting
 

Iranians Cut Longs Production to Boost Prices

Depressed domestic prices for longs and poor demand in the Iranian market are forcing local steel producers to adjust to severe conditions.
 

KSC to Ramp Up Billet Production

Khorasan Steel Complex is in the final stage of a production expansion project and on its way to commission its second steelmaking unit.
 

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.
 

China Fails to Cut Steel Output

China makes more than half the world’s steel, but a slowdown in its economy and sagging global demand has left the industry with massive excess capacity. The country has been accused of dumping its production on world markets.
NON-FERROUS
 

Danieli cold rolling mill and tension leveling line in operation at Eurometal SA Poland

It is one of the most modern and environmentally friendly aluminium rolling plants in Europe
 

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
 

Petroleum coke’s Feasibility Studies Finalized

Final report of bankable feasibility studies for construction of petroleum coke plant project was prepared. Iranian consultant and managers of AXENS attended the meeting with chairman of the board of IMIDRO.
 

New design, high-performance Danieli CNC shear installed at AMAG

It will cut a very wide range of automotive and aerospace aluminum coils.
 

US Launches WTO Complaint Over China Aluminum Subsidies

US President Barack Obama’s administration has launched a new complaint against Chinese aluminum subsidies at the World Trade Organization, accusing Beijing of artificially expanding its global market share with cheap state-directed loans and subsidized energy.
 

Iran’s aluminum output surpasses 220k tons in 9 months

TEHRAN- Over 220,544 tons of aluminum ingots were produced in Iran in the first nine months of current Iranian fiscal year (ending December 20, 2016), IRNA reported on Monday.
 

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.
 

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.
 

Mehdiabad’s Q1 Barite Output Up 74%

Mehdiabad Lead, Zinc and Barite Mining Complex produced 283,868 tons of barite during the first three months of the current Iranian year (started March 20), which indicates a 74% rise compared with the corresponding period of last year, Iranian Mines and Mining Industries Development and Renovation Organization reported on its website.
 

Iran Lead, Zinc Mining Under Limelight

Iran is Asia’s fourth largest lead and zinc producer following China, Kazakhstan and India. This is while the country’s per capita zinc consumption stands at about 1.14 kg, compared to about 5.9 kg for West European countries, 3.4 kg for North America and 2.5 kg for China.
 

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.
 

Construction of Titanium Concentrate and Slag Plants Launched

Construction of two titanium concentrate and slag plants started with attendance of First Vice- President, Eshaq Jahangiri.
 

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
 

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
 

Iron Ore Mining Slumps

Of the 160-170 iron ore mines in Iran, only 20 are currently operational, a member of Tehran Chamber of Commerce, Industries, Mines and Agriculture said.
 

Repairs of Pelletizing Plant successfully completed

Recent repairs at the Pelletizing Plant of Mobarakeh Steel Company (MSC) featured preparations, executive instructions, coordination with relevant bodies, constant follow-ups and close to 40,000 man-hours of quality operations which went off without any accident, Reza Esmailpour, the manager of the Pelletizing Plant said.
 

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.
 

Coal Power Plant Project Runs Into Controversy

A global move toward partial or complete phase out of coal power plants suggests it is a little too late for Iran to hop on the coal energy bandwagon
 

Rescue Bid After Deadly Mine Blast in China

Hundreds of rescuers on Tuesday were struggling to find 18 coal miners still trapped a day after a gas explosion killed 15 of their colleagues in western China.
 

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.
 

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
 

Outotec to deliver a modular flotation cPlant to Saudi Arabia

Outotec has agreed with Saudi Arabian mining company Ma'aden Gold on the design and delivery of a novel Flotation cPlant for modernizing the Al Amar gold processing facilities. The value of the order, nearly EUR 10 million, has been booked in Outotec's 2016 third quarter order intake.
 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.
 

Iran, Finland Mining Cooperation Opportunities Conference

Iran and Finland mining cooperation opportunities conference will be held in a few minutes with attendance of top Finnish officials here in Tehran.
 

Inauguration and Operation of Mining Industries Projects in P.G.S.E.Z

Inauguration and investment in several mines and mining industries projects have been conducted in the 11th government, CEO of P.G.S.E.Z announced.
 

Iran’s Mineral Output: 258m Tons in 10 Months

Iron ore concentrate had the biggest share of Iran’s mineral production during the 10-month period with 25.49 million tons, registering a 17.27% rise year-on-year
 

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.
 

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.
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
 

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.
 

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
 

Japanese Steel Manufacturer Looks to Boost Extruder Sales

Japan Steel Works Ltd. sees significant potential in the Iranian extrusion market with the lifting of nuclear sanctions on the country and plans a seminar there in early 2017 to kick off its effort.
 

New materials need reliable technologies

Boway orders its third Danieli Chain Track Drawing line
 Metso at Expomina 2016 in Peru:

Focusing on solutions that help improve process efficiency and optimize mining operations

Metso will present mining industry solutions this week at Expomina, one of the largest mining events in Peru. The focus will be on solutions that are designed to optimize costs, increase production and improve process efficiency. The event will take place at Centro de Exposiciones del Jockey Club, Lima, from September 14-16.
 

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.
 

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%
 

Outotec updates its Disclosure Policy

Outotec has updated its Disclosure Policy originally approved by the Board of Directors in 2007. The Disclosure Policy outlines the key principles on how Outotec communicates with the capital markets and other stakeholders.
 

IME Cement Exports Make Comeback

After a four-year hiatus, cement offerings for export have resumed at Iran Mercantile Exchange, the IME chief said.
 

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.
 

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.
 

Metso's Board of Directors decides to continue the long-term incentive plan for senior management

The Board of Directors of Metso has decided to continue the long-term share-based incentive plan for the Group's senior management, with a Performance Share Plan (PSP) as the main structure. In addition, the Board decided to continue the Restricted Share Plan (RSP) as a complementary share-based incentive structure for specific situations.
 

Bank of Industry and Mine Gets Capital Boost, Touts Job-Creation Plans

The government's measures to plump up the capital cushion of public-sector banks will see the capital of Bank of Industry and Mine rise to 60 trillion rials ($1.5 billion), announced the bank's CEO.
 

Iran, Turkey Central Banks Sign Cooperation Agreement

Central banks of Iran and Turkey on Wednesday signed an agreement to work on addressing current banking issues between the two countries including integrating the two countries' payment networks and using national currencies for bilateral trade.
 

CBI Governor Hails Nuclear Deal as Beneficial

The accord created a capacity so that non-American banks and credit institutions could cooperate with Iranian banks and credit institutions without fearing sanctions
 

Bank Melli Iran Launches Int’l Money Transfer

Bank Melli Iran announced it can now transfer money overseas for individuals, as the bank expands its international ties in the post-sanctions era.
 

Iran Secures Correspondent Relations With 900 Banks

International sanctions hampered Iran's ability to connect with the global banking network, but the country now has secured correspondent relations with 900 banks across the world, announced the minister of communications and information technology.
 

Azerbaijan to Expand Banking Ties With Iran

Azerbaijan intends to expand banking cooperation with Iran, said Azerbaijan’s Economy Minister Shahin Mustafayev.
 

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
 

IMIDRO Seeks $3b Loan From NDFI

The mining sector needs to borrow $3 billion from the National Development Fund of Iran for its development and growth, says the head of Iranian Mines and Mining Industries Development and Renovation Organization.
 

South Aluminum Downstream Industries Ready for Investment

Required facilities and infrastructures have been prepared for construction of Aluminum downstream park in the vicinity of South Aluminum, CEO of Lamerd Special Economic Zone announced.
 

BMI: No Trump Effect on Mining Investments

The government of US president-elect Donald Trump will have no significant impact on foreign investments into Iran’s mining sector, as any reinstatement of sanctions will, if at all, pose minimal additional hurdles to entrepreneurs, according to analysts.
 

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.
 

IRIR Projects Stymied by Shortage of Rails

Iran needs to build 1,500 kilometers of railroads for which it needs 1.8 million tons of rails
 

Iran and Oman: Burgeoning Allies

In recent months, Oman announced the launch of a direct shipping route between its port of Sohar, 220 km north of Muscat, and the Iranian port of Shahid Rajaie near Bandar Abbas on the shores of the Strait of Hormuz.
 

17 Major Shipping Lines Back to Iranian Ports

Seventeen major global shipping lines have resumed their services to Iran since the removal of nuclear sanctions, says CEO of Ports and Maritime Organization Mohammad Saeednejad.
 

Iraq Mulls Rail Linkup With Iran

Iraq plans to link its railroad network with that of neighboring Iran, the state-run Iraqi Republic Railways announced on Tuesday, noting that several international companies had already voiced interest in investing in the scheme.
 

Iranian Ports Throughput Up 6.6%

Iranian ports loaded and unloaded more than 93.5 million tons of oil and non-oil products
 

Iran Enters Mega Ship Age

IRISL has announced plans to become a top 10 ranked Alphaliner carrier by 2020.
 

$125m for Chabahar-Zahedan Railroad

The government will allocate 5 trillion rials ($125 million at market exchange rate) for an under-construction railroad connecting Chabahar Port to the city of Zahedan, both in Sistan-Baluchestan, the southeastern province’s Governor General Ali Osat Hashemi announced.
 Saeed Jalili; Domestic Economy Desk:

$40b Needed to Complete Transportation Projects in Iran

The Ministry of Roads and Urban Development needs over $40 billion to complete 258 major unfinished transportation projects
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
 

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.
 

Iran 2016 Environment Review

The report presents an overview of what transpired in the past 12 months across Iran’s diverse environments
ENERGY
 

$30 Million Increase in Daily Oil Export Income

An agreement between OPEC and non-OPEC producers last year to cut crude supplies has raised Iran's oil revenues by $30 million per day, a deputy oil minister said on Sunday.
 

Brent Prices Imply Big Draw Down in Oil Stocks After June

Brent futures prices indicate the crude market is expected to move into a deficit with a significant draw down in stocks from the middle of the year.
 

Iran’s Dana, Austria’s OMV ink MOU on expansion of co-op

TEHRAN- Iranian Dana Energy Company and Austrian OMV Group inked a memorandum of understanding (MOU) on expansion of cooperation in oil and gas development projects, Shana reported on Wednesday.
 

Iran's Oil Minister Predicts $41b in Oil Export Earnings

Iran sold $29 billion worth of oil and condensate during the Jan.-Dec. period, of which $24.7 billion has been collected
 

Oil Prices Slide

Oil prices fell on Wednesday on expectations that US producers would boost output.
 

National Iranian Tanker Co Expanding Europe Operations

Despite the easing of sanctions, NITC tankers reportedly faced restrictions in berthing at European oil terminals until recently and foreign vessels carried Iran's crude to Europe
 

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.
 

Iran Resolute in Completing Ambitious South Pars Gas Project

Once all South Pars phases are up and running, daily revenue from the field is forecast to reach $272 million, or approximately $100 billion per year
 

NIOC Positive About New Oil, Gas Deals

Oil and gas development in Iran is attractive to foreign companies because of the relatively lower costs of oil and gas production/exploration in the country
 

India’s Top Crude Producer Buying Natural Gas Block

India’s biggest oil and gas producer will pay as much as $1.2 billion to buy a majority stake in a gas field off the country’s east coast, aiming to boost production as the country seeks to cut energy imports.
 

2,300-Ton SP Gas Platform Installed

South Pars gas extraction offshore platform 17B, weighing 2,300 tons, has been installed with the help of a domestic HL 5000 crane ship in line with plans to fast-track gas production from the giant joint field, director of South Pars phases 17 and 18 said on Sunday.
 

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.
 

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.
 

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.
 

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).
 

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.
 

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.
 

Growth in Power Generation

Power plants across Iran produced 230,000 gigawatt hours of electricity since the beginning of the current fiscal year in March.
 

NFC orders second Cold Pilger Mill from Danieli

The Indian nuclear-power equipment developer will adopt a new "Quarto Cold Pilger Mill" to roll stainless steel tubes
 

Russia, Kuwait Discuss Nuclear Power Coop.

Russia and Kuwait have opened talks on the possible construction of a nuclear power plant (NPP) as well as cooperation in the spheres of petroleum services and gas, Russian Energy Minister Alexander Novak said in an interview with the Rossiya-24 broadcaster on Sunday.
 

Tehran Rejects Revision of Nuclear Agreement

The deputy foreign minister says the Trump administration would not be able to scrap the nuclear deal unilaterally because five other participants have a say in JCPOA-related decisions
 

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.
 

Toshiba in Multibillion-Dollar Loss on US Nuclear Acquisition

Toshiba Corp said it may have to book several billion dollars in losses related to a US nuclear power acquisition, a shock warning that sent its stock tumbling 12% and rekindled concerns about its accounting acumen.
 

Russia to Build 2 More Nuclear Plants in Iran

Iran will start the construction of two nuclear power plants this month in cooperation with Russia, which would further strengthen Tehran-Moscow nuclear ties over the next decade, the head of the Atomic Energy Organization of Iran said in an interview.
 

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.
 

Iran’s Installed Renewable Production Capacity Tops 240 MW

Iran’s total installed capacity of renewable energy production in both public and private sectors amounts to 241 megawatts, managing director of Iran Renewable Energy Association said on Tuesday.
 in the UK and Canada

Outotec has been awarded several contracts for renewable energy plants

Outotec has been awarded three technology and service contracts by different renewable energy producers in the UK and Canada. Total value of the orders is approximately EUR 55 million which has been booked in Outotec's 2015 third quarter order intake.
 

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.
 

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
 

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
 

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
 

IKCO cars to enter CIS

TEHRAN- The Iranian carmaker Iran Khodro (IKCO) will export six models of its manufactured cars to the Commonwealth of Independent States (CIS), IRNA reported.
 

Sweden eyes long-term economic co-op with Iran

TEHRAN – Swedish Minister for EU Affairs and Trade Ann Linde said Swedish companies are highly interested in Iran’s market and Sweden plans to have long-term economic cooperation with the country.
 

Some Hope for Car Owners

The fourth edition of Iran Automotive Industry International Conference opened Sunday morning in Tehran’s Milad Tower Conference Hall.
 

IKCO, SAIPA to Attend Tehran Auto Show

Iran Khodro Group (IKCO) and SAIPA, Iran's two largest car manufacturers, say they will attend the upcoming Tehran Auto Show on February 14-18, Persian Khodro reported on February 5.
 

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.
 

Belgian company to invest in Iran’s auto sector

TEHRAN- An automobile gearbox production line will be launched in Iranian province of Zanjan (northwest of Tehran) via the investment made by a Belgian company, head of Industry, Mining and Trade Department of the province announced.
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