NEWS
IRON and STEEL
 

Ton Dong A awards another order to Danieli

A new, triple-coat continuous coil coating line for high-quality products and production flexibility
 

Arvedi Tubi Acciaio Commissions Upgraded Tube Welding Line from SMS Group

Swiftly achieved portfolio expansion through plant upgrade
 

Yazd Hosts Int’l Mining Expo

The Second Yazd International Exhibition of Industries and Mines was inaugurated by Deputy Minister of Industries, Mining and Trade Mehdi Karbasian in Yazd Province on Thursday.
 

New Duty on Steel Imports From Sept.

The Iranian Parliament has projected a new duty on steel imports, likely to be effective from September this year, according to the ICANA news agency, which is affiliated to the parliament.
 

Iran’s Billet Still in Demand

Billet sellers from Iran are still able to find a buyer in the Persian Gulf states amid uncompetitive prices from China.
 

Iranian Flat Steel Importers Lying Low

Buying activity in the Iranian flat steel import market has remained sluggish over the past week, as customers wait for the government to implement new import duty regulations.
NON-FERROUS
 

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.
 

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.
 

Hertwich Engineering to Supply a Compact Remelt Plant for Aluminum to Sai in Taiwan

The plant is designed for a capacity of 40,000 tons per year and shall be commissioned in September 2017.
 

New, high-speed edge-trimming line for aluminium in full production at Henan Zhongfu

Supplied by Danieli Fröhling and installed at the Gongyi plant, Henan province, the new line runs at 1500 m/min
 

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.
 

Iranian miner seeks up to $4 bln for copper, steel projects

A private Iranian company is seeking joint venture partners to help develop copper, steel and other projects in the country, managing director Ebrahim Sadeghi of Mahan Company for Mines and Industries Development (MACMID) said.
 

H1 Copper Concentrate Output Up 18%

The subsidiaries of National Iranian Copper Industries Company produced 528,768 tons of copper concentrate in the first half of the current Iranian year (started March 20), registering an 18% rise compared with last year’s similar period, Iranian Mines and Mining Industries Development and Renovation Organization reported on its website.
 

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.
 

Invitation for Pre-qualification of Investors for Mehdi Abad Zinc and Lead Complex

Invitation for identification and pre-qualification of investors for Mehdi Abad Zinc and Lead Complex is announced.
 

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.
 

Inauguration of Pigment Production Pilot with Unique Technology

Pigment pilot of Kahnuj titanium mine was inaugurated by ,First Vice President, Eshaq Jahangiri.
 

Kahnuj Titanium Project to Resume after Two Decades Suspension

Construction of two plants in titanium sector will be resumed officially in current week. This is the first time that Kahnuj titanium project reaches implementation phase.
 

A Georgian Mining Enterprise Hoping to Start a Second Mining Project in Iran by 2018

Reportedly, RMG (Rich Metals Group), a large mining enterprise based in Tbilisi, Georgia is planning to start a second mining project in Iran by 2018.
 

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
 

Outotec strengthens customer focus - Adel Hattab appointed EVP, Strategic Customers and Business Development

Mr. Adel Hattab, M.Sc. (Eng.), MBA (54), has been appointed Executive Vice President, Strategic Customers and Business Development and a member of the Executive Board of Outotec as of April 1, 2017.
 

Outotec retained its position in the Global 100 list of most sustainable companies

For the fifth consecutive year Outotec is included in the Global 100 Index of most sustainable companies in the world (rank 90th).
 

4th International Conference of Iranian Iron Ore

Iron Ore Producers and Exporters Association of Iran (IROPEX) hold the 4th International Conference of Iranian Iron Ore on 8 January 2017 at IRIB Convention Center in Tehran-Iran.
 

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.
 

Finnish Outotec Oyj sees ties with Iran solidifying

TEHRAN – The executive vice president of the Finnish Outotec sees the prospect of relationships with Iranian companies in the field of mineral industry.
 

Outotec´s Iron Ore Pelletizing Plant Inaugurated in Kerman

In 2012 Finnish Outotec signed a contract with Iran´s Gole Gohar Mining and Industrial Company on building the second phase of the Iron Ore Pelletizing plant located in Sirjan County, in the province of Kerman.
 

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.
 

Rise in Coal Extraction

Iran’s two major coal producing companies extracted 680,420 tons of the mineral and produced 222,895 tons of coal concentrate during the five months to August 21, which indicates 56% and 38% growth in extraction and production compared to last year’s corresponding period, Minews reported.
 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.
 

Cement Exports to Resume at IME in Q4

Cement trading is scheduled to resume at Iran Mercantile Exchange’s exports trading board during the fourth quarter of the current Iranian year (Dec. 21-March 20), the head of Cement Employers Association, Abdolreza Sheikhan, said.
 

Cement Industry: A Gargantuan Task

Iran’s cement sector is far from its past glory.
 

FLSmidth ceremony for inaugurating the company’s office in Iran

FLSmidth is a global engineering company based in Copenhagen, Denmark. With almost 13,000 employees worldwide, it provides global cement and mineral industries with factories, machinery, services and know-how.
 

FLSmidth considers Iran one of its most important markets

Per Mejnert Kristensen, the president of cement division of Denmark’s FLSmidth Company, told the Tehran Times that his company considers Iran as one of its most important markets.
 

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.
 

Outotec launches history book "150 years' evolution toward a greener future - the Outotec story"

Outotec has published a book that tracks the development of the mining and metal industries, engineering science and technology sales from mid 19th century to 2010. The history of Outotec is intertwined with this development.
 

Royalty Revenues for Mining Development

Lawmakers voted on Thursday to allocate the government’s entire revenues from mining royalty and usufruct fees for the development of the infrastructure of large Iranian mines, expansion of mineral exports with high value-added and completion of mineral exploration projects.
 

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.
 

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.
 

IMIDRO plans to Start 10 Mining Projects in 2017

IMIDRO plans to start executive operations of 10 projects in mine and mining industries sector by the end of the first half of next Iranian year (22 September 2017).
 

Outotec establishes a Services business unit and appoints Kimmo Kontola as President of Minerals Processing

In order to strengthen its focus on service business, Outotec has decided to change its business structure and establish a Services business unit as of April 1, 2017. The change aims at further developing Outotec's service offering and capabilities close to customers.
 

Outotec to deliver a lithium beneficiation plant for AMG in Brazil

Outotec and Advanced Metallurgical Group N.V. (AMG) have agreed on the delivery of a lithium beneficiation plant to AMG's Mibra mine site in the State of Minas Gerais, Brazil.
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.
 

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.
 

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.
 

The Innovative Danieli X-JET Air Knives for Hoa Sen Group, Vietnam

New HDGL coating system to improve operating cost, quality and productivity
 

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
 

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.
 

IME Announced 4 Reasons for Reduction of Mineral Prices in 2015

IME released its Annual report 2015 included statistics of volume and value of trading on metal and mineral sector and 4 main reasons for prices reduction in the market.
 IME Quarterly Spring 2016:

IME, Embodiment of Competitive Economy

Commodities markets historically have had tremendous economic impacts on all nations.
 

IME Joins World Federation of Exchanges

Iran Mercantile Exchange has become a member of World Federation of Exchanges, the head of Iran Securities and Exchange Organization, Mohammad Fetanat, announced on Thursday.
 

Copper trading up in volume in IME

During the week ending to 29th of October, while 268,363 MT of commodities worth more than 119 million USD were traded on spot, Iran Mercantile Exchange (IME) said.
 

$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.
 

Change in the shareholding in Outotec Oyj

ANNOUNCEMENT UNDER THE FINNISH SECURITIES MARKET ACT, CHAPTER 9, SECTION 10 OF A CHANGE IN THE SHAREHOLDING IN OUTOTEC OYJ
 

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.
 

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.
 

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.
 

Optimism Over Banks’ Forex Trading

A private-sector representative has welcomed the Central Bank of Iran’s recent decision to allow banks to handle foreign exchange transactions at a free-market rate by calling it a “good opportunity”.
 

Brazil Banks Under No Pressure to Cut Rates

The Brazilian government has not pressured state-run banks to free up credit and reduce their spread, but interest rates are likely to fall as the central bank’s benchmark Selic rate continues to drop, state-controlled Banco do Brasil Chief Executive Officer Paulo Rogerio Caffarelli said on Tuesday.
 

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.
 

IMIS Pictures on 11 December 2016 and Presentation of Ayatollah Akbar Hashemi Rafsanjani (RIP)

On 8 January 2017, Ayatollah Akbar Hashemi Rafsanjani passed away. Recently he was present in IMIS 2016 (11 December 2016) and he expressed in order to simplify foreign investment attraction in mining sector, IMIDRO present its required points to Expediency Discernment Council.
 

Germany, China opens up credit line for two plans of IMIDRO

Deputy Minister of Industry, Mine and trade Mehdi Karbasian said that Germany and China opened up credit line for two joint venture investment in graphite electrode in Ardakan city and aluminum plant in Jajarm city, Northern Khorasan province.
 

Chabahar to Host Int’l Makran Confab

Chabahar Free Zone in southeastern Sistan-Baluchestan Province will host the International Conference on Investment Opportunities in Makran on January 23-24.
 

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.
 

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
 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.
 

6 Solutions for Mine Sector Growth

There are 6 solutions to increase Iran’s mining activities in the current Iranian year (started on March 20, 2016), Chairman of the board of IMIDRO said.
ENVIRONMENT
 

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
 

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.
 

IRALCO Dismantles Pollutant Segments

Iran Aluminium Company has recently removed 72 environmentally hazardous aluminium smelting pots from one of its production lines, bringing the total number of pots removed from the line to 148, IRALCO Managing Director Majid Pour Attar said.
 

Iran Unable to Enact Paris Agreement for Now

A senior lawmaker said on Sunday Iran cannot enact the Paris Agreement at present due to a "legal vacuum" caused by a lack of an action plan.
 

Outotec to revamp a copper smelter and sulfuric acid plant in South America

Outotec has been awarded a contract by a customer in South America to revamp a copper smelter and sulfuric acid plant. The order value of over EUR 33 million has been booked in Outotec's 2016 second quarter order intake.
ENERGY
 

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
 

IEA Chief Sees Significant Gains in US Shale Output

Oil-price gains will trigger a “significant” increase in US shale output as OPEC and other producers rein in supply, according to the head of the International Energy Agency.
 

OPEC Output Inches Down

OPEC oil production fell in December but remains well above levels envisaged under a recent deal that took effect in January, the organization's monthly report showed on Wednesday.
 

Crude Prices Slip

Oil prices slipped on Monday, pressured by doubts that large oil producers will reduce production as promised and on expectations that US production would increase again this year.
 

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.
 

National Distributor Ready for CNG Export

Iran is able and willing to start export of compressed natural gas (CNG), said Ali Mehrabi, deputy for construction affairs of CNG stations at the National Iranian Oil Products Distribution Company (NIOPDC), signaling the interest in expanding the market for clean fuel.
 

SPGC Sends Gas Condensate to Europe

South Pars Gas Complex has shipped its first gas condensate cargo to Europe, managing director of the company said.
 

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 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.
 

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.
 

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).
 

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.
 

Call for Bolstering Role in Regional Electricity Market

Iran should play a central role in production and supply of electricity in the region by 2021, the last year of the sixth five-year development plan, Alireza Daemi, deputy energy minister for planning and economic affairs, said.
 

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.
 

Mining Sector to Prosper Post-Sanctions

The agreement reached between Iran and world powers in Vienna, Austria, in July over the country’s nuclear program and the prospective lifting of sanctions is reopening the Iranian economy to global trade and investment.
 

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 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.
 

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"
 

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.
 

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
 

BMW Urges UK to Retain EU Tariff-Free Trade

BMW said it was best for business for the UK to be in the EU single market and urged London to ensure the country retained tariff-free access to the bloc.
 

Nematzadeh Says Domestic Eco-Friendly Cars Coming

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

Toyota Stocks Slide After Trump Threat Over Mexico

Trump’s tweets have shaken Toyota into action
 

NUCOR-JFE STEEL Mexico Orders a Hot-Dip Galvanizing Line and Recoiling Line from SMS Group

Hot-dip galvanized steel sheets for the automotive industry in the NAFTA market
 

SAIPA Production and Sales Report Released

Iran’s second largest auto manufacturer released its sales and production report for the first nine months of the current fiscal year that started in March and said sales had increased month-on-month.
 

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.
Auto
Upcoming Events
Find a Job !
Tenders
Publications
Our partners