NEWS
IRON and STEEL
 

Commissions at Chambers of Commerce to tap into potential to support industries

22 January 2018 Time: 00:11
The chairman of the Industries Commission of Iran Chamber of Commerce said the commission has decided to establish permanent cooperation and contact with commissions of all chambers of commerce across the country.
 

MP: Together We Can Strategy has paid off at MSC

22 January 2018 Time: 00:06
In the buildup to the anniversary of Mobarakeh Steel Company (MSC), Dr. Masoumeh Aghapour Alishahi, who represents Shabestar in the Islamic Consultative Assembly, together with Dr. Abolfazl Roghani, the chairman of the Industries Commission of Iran Chamber of Commerce, and a host of the commission members met with MSC Managing Director Dr. Bahram Sobhani to get a first-hand account of the latest achievements of the giant steelmaker.
 

President Rouhani highlights development, sustainability of export markets

22 January 2018 Time: 00:01
President Hassan Rouhani has stressed the need for efforts to develop export markets and boost their sustainability by bolstering trust in Iranian-made products.
 

Export Billet Prices Soften on Revived Buying Activity

21 January 2018 Time: 23:14
Iranian export billet prices lost $10 per ton over the past week while several bookings were heard done at lower prices.
 

Introducing of POSCO

21 January 2018 Time: 20:45
In below you can observe a short film related to POSCO - steelmaking company - in South Korea.
 

Primetals Technologies to revamp continuous bloom caster at NISCO

20 January 2018 Time: 16:45
Chinese steel producer Nanjing Iron & Steel United Co., Ltd (NISCO) awarded Primetals Technologies the order to revamp its bloom caster No. 8 at the Steel Plant No. 3 in Nanjing.
NON-FERROUS
 

Alba CEO kicks-off 2018 Town Hall Meetings

20 January 2018 Time: 16:48
Aluminum Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, held its inaugural session of ‘2018 Town Hall Meetings’ today, Tuesday, 16 January 2018 at its Oasis Hall.
 

Investing in product and process innovation

20 January 2018 Time: 16:29
UC RUSAL, Russian Aluminium, a leader in lightweight metals manufacturing, contracted Danieli for the supply of a rolling mill specifically for conducting research, to be installed at company’s Engineering and Technology Center in Krasnoyarsk, Russia.
 

Alba Hits New Highs on Sales and Production Volumes

15 January 2018 Time: 01:21
Aluminium Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, hits all-time-high on Sales volume and Production in 2017 according to a statement by Alba’s Chief Executive Officer, Tim Murray.
 

Iran Mineral Output Tops 250m Tons

13 January 2018 Time: 01:17
Major Iranian mining companies produced 258.13 million tons of mineral products in the first nine months of the current fiscal year (March 21-Dec. 21, 2017), registering a 15.3% growth compared with last year’s corresponding period, the Iranian Mines and Mining Industries Development and Renovation Organization’s latest report announced.
 

Alba enhances its employee productivity through customised training

3 January 2018 Time: 00:18
Aluminium Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, teamed-up with Fives Solios and Fives ECL to deliver key training workshop for Alba employees.
 

Rusal relies on Danieli heat-treatment technology

29 December 2017 Time: 00:01
Danieli Olivotto Ferré to supply new billet and slab homogenizing furnace
 

Iran Mineral Output Tops 250m Tons

13 January 2018 Time: 01:17
Major Iranian mining companies produced 258.13 million tons of mineral products in the first nine months of the current fiscal year (March 21-Dec. 21, 2017), registering a 15.3% growth compared with last year’s corresponding period, the Iranian Mines and Mining Industries Development and Renovation Organization’s latest report announced.
 

Outotec to deliver copper and cobalt technology for Shalina resources in the Democratic Republic of Congo

18 December 2017 Time: 23:52
Outotec has been awarded a contract by Shalina Resources Limited for the delivery of copper and cobalt processing technology to the Mutoshi project near Kolwezi in the Democratic Republic of Congo.
 

BHP tightens belt, targets $1.6bn in cost-cutting at Australian operations

29 November 2017 Time: 00:11
World’s No.1 miner BHP is tightening its belt, especially when it comes to its operations in Australia, targeting as much as $1.6 billion in productivity gains at its iron ore, copper and coal units in the country over the next two years.
 

Danieli copper finishing lines in operation at KMD Henan

16 November 2017 Time: 23:28
KMD Precision Copper Strip (Henan) contracted Danieli for the turnkey supply of four finishing lines to process copper strip.
 

Iran’s Mining Sector Potential Remains Locked

16 November 2017 Time: 22:24
The Iranian mining sector was surrounded by much fanfare following the lifting of nuclear sanctions on the Islamic Republic in 2016.
 

Jiandong Alloy orders most productive CONTIROD®* copper wire rod plant for Chinese market from SMS Group

11 November 2017 Time: 22:42
Jiandong Alloy Technology Co. Ltd. based in Nantong City, in the Chinese province of Jiangsu, has placed an order with SMS group to supply a CONTIROD®*plant of type CR 3500.
 

Nakhlak Lead Concentrate Tops 2,000 Tons

15 January 2018 Time: 02:10
Nakhlak Mineral Complex produced 2,019 tons of lead concentrate during the first nine months of the current Iranian year (March 21-Dec. 21), indicating a 7% increase compared with last year’s corresponding period, the Iranian Mines and Mining Industries Development and Renovation Organization reported on its website.
 

Lundin Mining awards contract to Metso for Somincor Zinc Expansion Project at Neves-Corvo mine in Portugal

25 December 2017 Time: 01:32
With the Zinc Expansion Project, Lundin Mining expects to expand production from the existing mining areas and from the deeper, higher-grade zinc deposit Lombador Phase 2.
 

Outotec to deliver Zinc Electrowinning technology to ZGH Boleslaw in Poland

2 December 2017 Time: 13:53
Outotec has been awarded a contract by ZGH Boleslaw for the delivery of electrowinning technology to a zinc plant modernization in Bukowno, Poland.
 

Angouran Mine Sets Extraction Record

20 November 2017 Time: 11:46
Angouran Lead and Zinc Mine set a new monthly record by extracting 105,000 tons of minerals during the seventh month of the current fiscal year (Sept. 23-Oct. 22), managing director of the mine, Mansour Shabani, said.
 

Iran’s Export Value in Mining Sector Rise

3 October 2017 Time: 20:22
Export value of Iran’s mine and mining industry in first five months of the current Iranian year (21March to 22 August) surpassed export value of h1 of last Iranian year.
 

Central Asia Metals to buy Lynx Resources for $402m

25 September 2017 Time: 11:19
Kazakhstan-focused copper miner Central Asia Metals said it would buy Bermuda-based Lynx Resources Ltd in a $402.5 million reverse-takeover deal from its owners.
 

Gold Steadies Below $1,250

13 December 2017 Time: 15:14
Gold steadied below $1,250 an ounce on Monday after its biggest weekly drop in more than six months, with moves muted ahead of an expected interest rate hike from the US Federal Reserve this week, Reuters reported.
 

Asia gold-demand sluggish as high prices deter buyers

29 November 2017 Time: 00:08
The buying of physical gold remained muted across major Asian centres this week as higher prices dented demand, though seasonal demand could boost activity in top consumer China next month.
 

Platinum industry expects supply deficit in 2018

24 November 2017 Time: 14:41
In its latest Platinum Quarterly report, the World Platinum Investment Council predicts a deficit of 275 koz of the precious metal for 2018 caused by an increase in jewellery and industrial demand.
 

Karbasian Emphasizes on Utilization of Foreign Consultants in Mining Sector

16 November 2017 Time: 23:13
“our consultants should provide situation for achievement to international standards by application of scientific experiences and new technologies”, Karbasian announced, during a meeting in Angouran Complex, located in Takab County in East Azerbaijan province.
 

Outotec to deliver gold processing technology to Fruta Del Norte in Ecuador

24 October 2017 Time: 11:22
Outotec has been awarded an order for the delivery of minerals processing technology packages by Lundin Gold for their greenfield project Fruta Del Norte in Ecuador.
 

India tightens gold import norms for nominated agencies

19 October 2017 Time: 15:27
India tightened gold import norms for nominated agencies by New, the government said in a circular on Wednesday.
 

Outotec to deliver copper and cobalt technology for Shalina resources in the Democratic Republic of Congo

18 December 2017 Time: 23:52
Outotec has been awarded a contract by Shalina Resources Limited for the delivery of copper and cobalt processing technology to the Mutoshi project near Kolwezi in the Democratic Republic of Congo.
 

Base Metals Growth Forecast, But Market Remains Under Pressure

13 December 2017 Time: 15:11
The market for base metals is projected to grow at a robust rate for the next few years, although seasonal and occasional movements and unexpected changes in the industry will cause the market to remain under pressure.
 

BHP tightens belt, targets $1.6bn in cost-cutting at Australian operations

29 November 2017 Time: 00:11
World’s No.1 miner BHP is tightening its belt, especially when it comes to its operations in Australia, targeting as much as $1.6 billion in productivity gains at its iron ore, copper and coal units in the country over the next two years.
 

Unit of Austria's Voestalpine seeks year-long cobalt deal in race for supply

30 October 2017 Time: 12:19
Austrian specialty steel firm Boehler wants to buy cobalt in a year-long contract rather than buying monthly, two industry sources said on Friday, as rising demand from electric car makers has complicated its normal purchase patterns.
 

China's refined copper output highest since Dec 2014

24 October 2017 Time: 15:19
China's refined copper output in September rose by 6.8 percent from a year ago to its highest level since December 2014, the National Bureau of Statistics (NBS) said on Monday.
 

Synchronizing service and support in the “New Normal”

19 October 2017 Time: 13:44
The audience of steel and nonferrous metals executives at the Fourth Danieli Innovaction Meeting learned many perspectives on the New Normal period for metals consumption, but perhaps the most encouraging insights were offered by Keith Shillam, vice president of Danieli Service, and Lisa Grosso, senior manager of Danieli Service
MINERALS
 

Iran Sixth Largest Iron Ore Exporter to China

17 January 2018 Time: 16:00
Iranian iron ore miners experienced a good year in 2017, as they became the sixth largest supplier of the material to China by shipping about 22 million tons to the world’s largest importer of iron ore.
 

Inauguration of 2 Iron Ore Processing Plants in Sangan

30 December 2018 Time: 00:17
Two iron ore processing plants were inaugurated in Sangan by First Vice President, Es’haq Jahangiri. Also, Minister of Industry, Mine and Trade, Mohammad Shariatmadari and chairman of the board of IMIDRO, Mehdia Karbasian attended the inauguration ceremony.
 

Why Tata Steel wants to expand capacity at its iron ore mines

3 January 2018 Time: 00:19
Tata Steel is waiting for a permit from Odisha’s state pollution control board to expand capacity at its Khandabandh iron ore mines in eastern India from 1 million tonnes per annum to 5 million tonnes per annum.
 

Expansion of Upstream Steelmaking on Fast Track

11 December 2017 Time: 21:30
Iranian steelmakers and iron ore companies are actively working on the expansion of iron ore processing and direct reduced iron/hot-briquetted iron capacities to fulfill the government’s plan for a massive expansion of steel production to 55 million tons per year.
 

Iranian Iron Ore’s Difficult Relationship With China

11 December 2017 Time: 21:16
There is a never-ending competition for supplying raw steelmaking materials and this is at its fiercest in China as the world’s largest producer and consumer of iron ore. Iran, however, is missing out on the competition and is wholly dependent on Chinese imports.
 

Hong Kong taking on Singapore for iron ore trading dominance

20 November 2017 Time: 12:24
HKEX starts trading iron ore futures - its first foray into ferrous metals since buying the LME
 

Coal Concentrate Output Tops 510K

13 January 2018 Time: 01:36
Iran’s two major coal companies produced 510,054 tons of coal concentrate during the first nine months of the current Iranian year (March 21-Dec. 21), indicating a 25% growth year-on-year, the Iranian Mines and Mining Industries Development and Renovation Organization reported on its website.
 

Iranian Coal Potential Untapped

25 December 2017 Time: 00:17
The Iranian coal industry, long underutilized despite its massive potential, is capable of driving the mining sector, boost energy production and create the sorely-needed jobs envisioned in the Sixth Five-Year Development Plan (2017-22).
 

Trump’s Plan to Save Coal, Nuclear Plants in Trouble

11 December 2017 Time: 20:30
The administration of US President Donald Trump plans to keep coal and nuclear power plants running, but analysts are skeptical it will do enough to prevent more of the facilities from closing down.
 

EU Coal-Fired Plants to Be in the Red by 2030

11 December 2017 Time: 20:06
European power companies could save billions of dollars by stepping up the closure of coal-fired power plants, as nearly all of them will be loss-making in Europe by 2030, think-tank Carbon Tracker Initiative says.
 

India's Import of US Coal Quadruples

24 November 2017 Time: 14:18
India’s coal imports from North America quadrupled to 2.1 million tons in October from a year ago, the highest since at least January 2015, Thomson Reuters data showed, and buyers are looking to boost purchases amid a domestic shortage of the fuel.
 

Chinese coal imports from North Korea plummet

26 October 2017 Time: 12:39
According to Chinese customs data released on Tuesday, the country imported 512,000 tonnes of coal – mainly the steelmaking variety – from North Korea in September. Volumes were down 71.6% from the same month last year as Beijing institutes the latest round of UN sanctions on the rogue regime.
 

REFRAJET® Addmix: An innovative injection system

27 November 2017 Time: 14:29
The REFRAJET® Addmix technology is an innovative injection system that was developed specifically for the installation of cement-free sol-gel bonded refractory concretes of the REFRAJET® Nanobond type.
 

Cement Industry Remains Stuck

6 November 2017 Time: 22:16
The Iranian cement industry’s fall from grace has turned into a continuous freefall.
 

Cooperation of Refratechnik Ceramics with HK-CERAM in the area of R&D

26 September 2017 Time: 10:01
Refratechnik Ceramics GmbH, Germany (formerly BURTON), and HK-CERAM Kft., Hungary, are among the world’s leading companies for the design, development and manufacture of refractory products for the ceramics industry.
 

Cement Expo Opens in Isfahan

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

Government Control Hamstrings Cement Industry

19 February 2017
There is no denying that a large portion of the Iranian economy, if not all of it, is steered by the government.
 

Iran Dismisses Pakistan’s Cement Dumping Allegation

2 February 2017
Pakistan Cement Manufacturers Association is urging the Pakistani government to slap up to 20% of import duties on Iranian cement, claiming that Iranian producers are “dumping” the industrial material in border markets.
 

CEO of Arfa Steel Co.: Use of technology is not luxury but a compulsory

17 January 2018 Time: 19:00
CEO of Arfa Steel Company, Ali Reza Khayat, maintains that technology is needed in all areas of production and should be sought. In his point of view, the world market resembles a running race. The ones who do not increase their running speed are destined to leave the tournament and get out of the market.
 

Necessity of development and modernization of mining machinery

17 January 2018 Time: 18:31
Given the increasing demand for minerals and the development of mining technology all over the world, Iran needs to be equipped with modern technology. Having about 7% of global reserves, Iran is considered as one of the 15 richest mineral countries in the world.
 

Steel Dynamics Inc. chooses Danieli water-treatment technology

17 January 2018 Time: 16:32
Following the order for a new billet welder and spooler line to be installed at the SDI Structural and Rail Products Div. Columbia City, Indiana facility, the mini-mill group has now ordered a water-treatment plant to complete the project.
 

Outotec introduces three new products for sustainable tailings and water management in minerals processing

3 January 2018 Time: 00:12
As ore compositions at mines around the world become more complex and the grades of available resources continue to decline, the amount of tailings per ton of metal produced is rising.
 

Danieli Automation HiProfile: the essential technology for dynamic, in-line inspection for quality bars and sections

13 December 2017 Time: 17:25
The latest installation is now in operation at Tokyo Steel, Japan
 

Outotec to deliver Zinc Electrowinning technology to ZGH Boleslaw in Poland

2 December 2017 Time: 13:53
Outotec has been awarded a contract by ZGH Boleslaw for the delivery of electrowinning technology to a zinc plant modernization in Bukowno, Poland.
 

Iran has an excellent mineral resource capacity: Prof. Hassani

17 January 2018 Time: 18:21
CIM 2017 Distinguished Service Medal Award for meritorious service to the Institute or the mineral industry went to Professor Faramarz (Ferri) Hassani for his long-standing contribution to CIM as a council member and president. However, the best description of his contribution was the one provided by the presenter of the award.
 

IMIDRO Plans to Extract 400MT Minerals

17 January 2018 Time: 18:17
Mehdi Karbasian expressed that extraction of 400 million tons minerals in next years is among our plans which requires machinery supply .Government and private sector are cooperating to achieve this goal.
 

Preliminary information on Metso's fourth quarter 2017 results - Minerals' profitability weaker than expected

17 January 2018 Time: 16:39
Metso's fourth quarter 2017 sales are estimated to total EUR 710 million, representing an increase of 5 percent from Q4/2016. However, profitability of the Minerals segment came in weaker than expected, due to a higher than estimated share of equipment sales compared to services sales and a weak margin of the services business.
 

Iran Exported over $6.85b of Mineral Products

10 January 2018 Time: 00:12
Iran exported over 48.66 million tons of mineral products worth over $6.85 billion during the first nine months of the current fiscal year (March 21-Dec. 21), indicating a 1% and 3% growth in tonnage and value respectively compared with last year’s corresponding period.
 

Gov’t Collects Over $100m in Mining Royalties

9 January 2018 Time: 23:46
The government earned more than 4.72 trillion rials (over $109 million) in mining royalties–a percentage of miner’s sales profit–during the first seven months of the current Iranian year (March 21-Oct. 22).
 

Mining Jobs Increase

9 January 2018 Time: 23:18
A total of 3,321 new jobs were created in Iran’s mining sector during the seven months to Oct. 22, 2017, indicating a 158% rise compared with the corresponding period of the previous year, data released by the Ministry of Industries, Mining, and Trade showed.
Auto
 

Renault, Hyundai Extending Lead in Iran Imported Auto Market

21 January 2018 Time: 23:08
During the nine months to Dec. 21, Renault and Hyundai with 15,114 and 12,687 cars respectively claimed the biggest share of Iran’s imported car market.
 

In Iran’s Auto Market: Imported Car Prices Rising

9 January 2018 Time: 23:36
While the online auto import registration system was restored a week ago and the Trade Promotion Organization is of the opinion that car prices will decline, the Head of Iran Auto Importers Association believes otherwise.
 

Renault, Nissan, Mitsubishi Plan $200m Fund to Tap Startups

7 January 2018 Time: 21:41
The Renault-Nissan-Mitsubishi alliance is pooling $200 million in a new mobility tech fund, three sources said, in the latest move by major carmakers to adapt to rapid industry change by investing in startups through their own venture capital arms.
 

Auto Imports Resume in Iran: New Rules Resemble a Ban

2 January 2018 Time: 23:38
After months of squabbling over shutting down the online auto import registration system by the government, the website resumed work on Sunday.
 

Hubristic Carmakers Now Need to Worry

29 December 2017 Time: 23:30
Production of 25 locally-made cars has been announced unlawful by the Institute of Standards and Industrial Research of Iran.
 

Ikarus Signs Import MOU

11 December 2017 Time: 23:17
Hungarian bus manufacturer Ikarus and the Iranian City Industries and Mines Development Group (City IMD), affiliated to Shahr Bank (City Bank), have signed a memorandum of understanding to import buses.
ECONOMY
 

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

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

Metal and Mineral Product Spot Market Trading Ranked Top in IME

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

Metal and Mineral Products Trading Value Increased in Fall 2016

2 February 2017
IME‘s quarterly trading statistics in spot market shows increase in metal and mineral products trading value in fall 2016.
 

IME Trade Near $17b in 10 Months

26 January 2017
Iran Mercantile Exchange witnessed the trading of 28 million tons of commodities valued at $16.86 billion in the 10 months to January 19, up 42% and 87% in terms of volume and value respectively compared to last year’s corresponding period, IME reported on its website.
 

IME trade hikes 87% in 10 months

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

Growth in Steel, Zinc, Gold Trade at IME

24 January 2017
Steel, zinc and gold trade was on the rise during the three quarters of the current fiscal year (March 20-December 20, 2016) at Iran Mercantile Exchange, Iranian Mines and Mining Industries Development and Renovation Organization reported.
 

TEDPIX Gains 2.8% in Weekly Trade to Notch Record High

20 January 2018 Time: 15:55
With the shadow of political risks receding, investors went back to cashing in on rising global commodity prices and stocks kept growing after weeks of lackluster trade.
 

TEDPIX Breaks Above 97,000

15 January 2018 Time: 01:48
Tehran Stock Exchange’s main index gained 601.17 points or 0.62% to end Sunday trade at 97,228.7.
 

TEDPIX Breaks Above 96,000

7 January 2018 Time: 21:28
Tehran Stock Exchange’s main index gained 340.99 points or 0.36% to end Saturday trade at 96,270.4.
 

TEDPIX Gains 0.68% to Recoup Part of Recent Losses

2 January 2018 Time: 23:43
Tehran Stock Exchange’s main index gained 646.50 points or 0.68% to end Monday trade at 96,208.
 

TEDPIX Breaks Above 97,000

25 December 2017 Time: 00:39
Tehran Stock Exchange’s main index gained 713.35 points or 0.74% to end Sunday trade at an all-time high of 97,529.4.
 

Stock Market Rally Continues in Iran

19 December 2017 Time: 00:12
Tehran Stock Exchange’s main index gained 994.35 points or 1.05% on Sunday to extend its all-time high record to 95,600.8.
 

Life Insurance in Iran Underdeveloped

25 November 2017 Time: 12:27
The share of life insurance in the overall portfolio of the Iranian insurance industry is meager, a fact that a board member of Middle East Insurance Company, which specializes in life insurance, ascribes to the lack of an insurance culture in the country.
 

Insurers Assessing Iran Quake Losses

20 November 2017 Time: 11:55
Iranian insurance companies have started evaluating the losses caused by the recent massive earthquake that shook the western Kermanshah Province near the Iraqi border and processing payment of compensations.
 

Iran's Mellat Insurance, SCOR Finalize Reinsurance Deal

24 October 2017 Time: 10:10
Mellat Insurance, affiliated with Bank Mellat, announced that it has signed a contract with France’s SCOR SE, based on which the major reinsurer will provide excessive loss coverage for Mellat.
 

Iran Insurance Growth at 20%

19 October 2017 Time: 13:03
The collective figure of Iranian insurance companies’ premiums during the first half of the current fiscal year to Sept. 22 has reached 166 trillion rials ($4.15 billion), which indicates an increase of 20% compared with the corresponding period of last year.
 

Insurance Industry’s Four-Year Outlook

8 October 2017 Time: 09:26
The president of the Central Insurance of Iran elaborated on the four-year outlook of Iran’s insurance industry through the end of President Hassan Rouhani’s second and final term in office.
 

Iran Focusing on Insurance Development

13 April 2017 Time: 15:19
According to the CII chief, the government’s big role in the economy and underdevelopment of economic sectors are slowing insurance growth in Iran
 

Baghdad to Host Iranian Expo in February

7 January 2018 Time: 21:34
Iran’s Exclusive Commercial and Industrial Exhibition is scheduled to be held in Baghdad’s International Exhibition Center from Feb. 12 to 15, Iran’s commercial attaché to Iraq announced.
 

Iran-Brazil Chamber of Commerce Convenes

11 December 2017 Time: 23:03
The Iran-Brazil Chamber of Commerce hosted a visiting delegation from the Brazilian Trade and Investment Promotion Agency, also known as Apex-Brasil.
 

Swiss Factory Output Up

25 November 2017 Time: 12:50
Switzerland’s industrial production and turnover increased notably in the third quarter, the federal statistical office reported Friday, RTTNews reported.
 

Second session of the assembly held in Iran, Belgium, Luxemburg Chamber of Commerce & Industry

23 November 2017 Time: 14:29
Dr. Mohsen Ghaderi became the Chairman of the Board in second session of the assembly, dated November 2017, at 15:00 held in Iran, Belgium, Luxemburg Chamber of Commerce & Industry.
 

Tehran to Host Int’l Engineering Confab

8 November 2017 Time: 01:05
The 14th Iran Industrial Engineering Conference is scheduled for February 6-7, 2018, at Iran University of Science and Technology.
 

EU Commercial Team to Visit Iran in Nov.

24 October 2017 Time: 09:59
A high-ranking commercial delegation from the European Union headed by the head of EU’s Agriculture and Rural Development Commission, Phil Hogan, is scheduled to visit Iran on Nov. 11.
 

Full Privatization of 3 Major Iranian Banks on Agenda

17 January 2018 Time: 16:11
Iran Privatization Organization, the state-run entity overseeing the sale of state-owned companies, plans to divest the remaining stake of the government in major privatized lenders and thereby make them "completely private", an official with IPO told Financial Tribune.
 

Capital Market Guarantees Unacceptable

15 January 2018 Time: 01:45
In its latest directive to the banking system, the Central Bank of Iran has obliged all banks and credit institutions to refrain from accepting any kind of guarantees from financial entities active in the capital market and under the supervision of the Securities and Exchange Organization, including brokerage firms.
 

Iranian Banker Calls for Cryptocurrency Recognition

7 January 2018 Time: 21:41
A senior member at Iran's biggest bank has come out in favor of cryptocurrencies and called for them to be recognized and widely accepted in the banking system.
 

Banks Barred From Managing Investment Funds

2 January 2018 Time: 23:53
Following a directive issued by the board members of Securities and Exchange Organization for all financial entities under its supervision, banks and non-bank credit institutions are barred from holding management positions in investment funds.
 

Iranian Banks Finalize Finance Deal with Russia Eximbank

27 December 2017 Time: 00:25
Months after the Central Bank of Iran clinched an agreement with the Export Insurance Agency of Russia to pave the way for Russian banks to fund Iranian projects, four Iranian banks have signed an "unlimited finance deal" with the Eximbank of Russia.
 

Iran: AML Probe for Bank Accounts

25 December 2017 Time: 00:26
As per the directive notified by the Iranian National Tax Administration, bank accounts with an annual turnover of over 50 billion rials ($1.19 million) are subject to anti-money laundering probes in case of suspicious activities.
 

Commissions at Chambers of Commerce to tap into potential to support industries

22 January 2018 Time: 00:11
The chairman of the Industries Commission of Iran Chamber of Commerce said the commission has decided to establish permanent cooperation and contact with commissions of all chambers of commerce across the country.
 

Private Sector to Get Share of Italian Finance

15 January 2018 Time: 02:04
A board member of Middle East Bank, which alongside Bank of Industry and Mine was one of the two Iranian banks that clinched a €5 billion finance deal with Italy's Invitalia on Thursday, elaborated on the landmark deal.
 

Capital Market Guarantees Unacceptable

15 January 2018 Time: 01:45
In its latest directive to the banking system, the Central Bank of Iran has obliged all banks and credit institutions to refrain from accepting any kind of guarantees from financial entities active in the capital market and under the supervision of the Securities and Exchange Organization, including brokerage firms.
 

Iran, Italy Conclude €5 billion Finance Deal

13 January 2018 Time: 01:12
Iran and Italy on Thursday signed a Master Credit Agreement worth €5 billion in Rome, making it the biggest foreign finance deal reached between Iran and a member of the European Union.
 

Iranian Banks Finalize Finance Deal with Russia Eximbank

27 December 2017 Time: 00:25
Months after the Central Bank of Iran clinched an agreement with the Export Insurance Agency of Russia to pave the way for Russian banks to fund Iranian projects, four Iranian banks have signed an "unlimited finance deal" with the Eximbank of Russia.
 

Iran, Russia Sign Deal to Finance €3b for Joint Rolling Stock Production

18 December 2017 Time: 23:56
Russia signed a deal with Iran on Monday to finance €3 billion for joint manufacturing of 20,000 freight cars, 1,000 passenger cars, 350 locomotives as well as rail transportation equipment.
 

Plans to Commission KSC to Produce Rail

9 January 2018 Time: 23:41
The government is planning to commission Khouzestan Steel Company to produce rails, a member of Majlis Development Commission, Eghbal Mohammadian.
 

Chinese Company Signs Rail Deal With Iran

7 January 2018 Time: 21:57
China Civil Engineering Construction Corp announced on Tuesday it signed a rail contract worth 3.53 billion yuan ($543.6 million) with Iran.
 

270 Tunnels Under Construction

16 December 2017 Time: 12:01
A total of 270 tunnels are under construction in Iran, while 154 others are being studied in road, highway, freeway and railroad projects, a deputy minister of roads and urban development said.
 

Transport MoU With South Korea

24 November 2017 Time: 13:37
Iran and South Korea have signed a memorandum of understanding to improve cooperation among the government, private sector and investors of the two countries in the fields of transportation, housing and urban development.
 

BOT Contracts to Finance Rail Projects

11 November 2017 Time: 21:52
Ministry of Roads and Urban Development’s Advisor Gholamreza Salami said new Iranian railroads, including the one linking Chabahar to Zahedan, will be financed under Build-Operate-Transfer contracts, IRNA reported.
 

Overview of Iran’s Road Construction, Mining Machinery Market

8 October 2017 Time: 09:07
The production, utilization and import of road construction and mining machinery are a significant indicator of economic growth, as rising numbers would point to increasing development and investment in infrastructures.
 

Tehran to Host MARINEX

17 January 2018 Time: 16:16
The First International Comprehensive Marine Exhibition of Iran, also known as MARINEX, has been scheduled for Jan. 24 at Tehran’s International Fairground, the official website of the expo, www.marineex.ir, announced.
 

Airbus Warns Iran Jet Deal Could Take Longer

17 January 2018 Time: 16:06
Iran would take delivery of dozens of European jets it has ordered under a nuclear sanctions deal with major powers, but warned the transactions could take longer to complete than planned, the sales chief of European planemaker Airbus predicted.
 

9% Rise in Iran Transit

15 January 2018 Time: 01:55
Close to 542,000 trucks transited through Iranian borders, carrying a total of more than 14.8 million tons of goods in the first nine months of the current Iranian year (March 21-Dec. 21, 2017), registering a 9% increase compared with the similar period of last year, the caretaker of the Islamic Republic of Iran Customs Administration’s Transit Supervision Bureau said.
 

Chinese Company Signs Rail Deal With Iran

7 January 2018 Time: 21:57
China Civil Engineering Construction Corp announced on Tuesday it signed a rail contract worth 3.53 billion yuan ($543.6 million) with Iran.
 

Iran, Qatar Target Maritime Trade Ties

27 December 2017 Time: 00:58
Qatar has stressed the importance of facilitating maritime trade with Iran.
 

Rouhani Approves $500m From NDFI to Launch Rail Leasing Company

27 December 2017 Time: 00:51
President Hassan Rouhani has agreed to allocate $500 million from the National Development Fund of Iran, the country’s sovereign wealth fund, for the establishment of a rail leasing company, the deputy head of the Islamic Republic of Iran Railways said.
GEOLOGY
 

30% Rise in Mineral Exploration Licences

11 December 2017 Time: 19:32
The Ministry of Industries, Mining and Trade issued 475 Mineral Exploration licences in the first six months of the current fiscal year (March 21-Sept. 22), indicating a 30.5% growth compared with last year’s similar period.
 

IMIDRO Announced Location of 15 Exploration Blocks

11 December 2017 Time: 19:30
IMIDRO announced location of 15 exploration blocks in order to assist applicants to be more familiar with these zones.
 

IMIDRO Calls for Attracting Investors to Participate in 15 Exploratory Blocks

11 December 2017 Time: 19:26
IMIDRO intends to attract private sector investors for participating in exploration and utilization of 15 exploratory blocks in Abadeh-Jazmourian Area.
 

15 Countries Attended 2nd IR-ODEX in Tehran

22 October 2017 Time: 19:23
The second IR-ODEX International workshop entitled “Ore Deposit Model Exploration: Base and Precious Metal Deposits “started with attendance of professors and researchers of 15 countries here in Tehran on October21, 2017.
 

IMIDRO Introduces Newly Discovered mineral reserves

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

IMIDRO to Hold Exploration Conference

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

Startups Key to Combating Air Pollution

20 January 2018 Time: 16:00
Startups could help combat air pollution by developing sensors and control systems, the deputy for renewable energy at the Vice Presidency for Science and Technology said.
 

All Power Plants in Iran to Run on Gas by March

13 January 2018 Time: 01:45
More than 90% of power stations in Iran are running on natural gas as feedstock and concerted efforts are being made to stop using fuels like mazut to generate power by the end of the current fiscal year that ends in March 2018, the managing director of Iran Power Generation, Distribution and Transmission Company, or Tavanir, said.
 

Iranian, Norwegian Insurers to Compensate Oil Tanker Blaze

9 January 2018 Time: 23:14
In the wake of an Iranian oil tanker's collision in East China Sea, Iranian insurers are to compensate 30% of the costs while the rest would be covered by a Norwegian firm, the president of the Central Insurance of Iran announced.
 

Advanced Pollution Control Systems for Petrochemical Plants, Refineries in Iran

29 December 2017 Time: 23:53
As part of a drive to protect the environment and curb air pollution in the fossil fuel industry, petrochemical complexes and refining industries are being equipped with online pollution control systems, director of the Comprehensive Monitoring Office at the Department of Environment said.
 

Energy Majors Pressed to Step Up Climate Action

13 December 2017 Time: 14:52
More than 200 institutional investors with $26 trillion in assets under management said on Tuesday they would step up pressure on the world’s biggest corporate greenhouse gas emitters to combat climate change.
 

Greenhouse Cultivation in Iran Up 38%

25 November 2017 Time: 12:49
The area under greenhouse cultivation in Iran presently spans 12,157 hectares, which is 38% more compared to the period before August 2013 when President Hassan Rouhani took office, according to the executive of Greenhouse Expansion Project undertaken by the Ministry of Agriculture.
ENERGY
 

OPEC May End Supply Cuts Prematurely as Prices Rise

21 January 2018 Time: 23:20
As oil trades near a three-year high and crude stockpiles fall rapidly, analysts are questioning whether the OPEC-led production cuts will last until the end of the year.
 

OPEC Reports Increase in Iran's December Oil Output

20 January 2018 Time: 16:05
Iran's crude production inched up in December as the country maintained output close to levels it has agreed to under a global supply cut deal, OPEC's data showed on Thursday.
 

Iran Readies New Crude Delivery to South Korea

17 January 2018 Time: 16:22
Iran is scheduled to send a new condensate cargo to South Korea this week, signaling a return of oil exports to the East Asian country following the tragic sinking of its previous South Korea-bound shipment.
 

Sanchi Sinks, Crew Presumed Dead

15 January 2018 Time: 02:20
An Iranian oil tanker has sunk after burning for more than a week following a collision on Jan. 6 in the East China Sea, Chinese state media said on Sunday, adding that large amounts of oil are burning in the surrounding waters.
 

Iran's Light Crude Hits Highest Since Mid-2015

13 January 2018 Time: 01:44
Iran's light crude oil extended its rally to its highest level of above $66 a barrel in more than two years on the back of a bull run in global markets.
 

OPEC's December Crude Cut Adherence Increases

7 January 2018 Time: 22:07
OPEC deepened compliance with an oil supply-cutting deal in December due to a further decline in Venezuelan output and extra cuts by Persian Gulf exporters, a Reuters survey found, showing strong commitment to the deal despite higher prices.
 

Total's Gas Deal With SP Going Ahead Without Delay

21 January 2018 Time: 23:35
Iran's landmark gas deal with French energy firm Total is moving ahead, Oil Minister Bijan Namdar Zanganeh said in a statement, lending confidence to the country's biggest energy contract since the lifting of sanctions in Jan. 2016.
 

Iran Readies New Crude Delivery to South Korea

17 January 2018 Time: 16:22
Iran is scheduled to send a new condensate cargo to South Korea this week, signaling a return of oil exports to the East Asian country following the tragic sinking of its previous South Korea-bound shipment.
 

Sanchi Sinks, Crew Presumed Dead

15 January 2018 Time: 02:20
An Iranian oil tanker has sunk after burning for more than a week following a collision on Jan. 6 in the East China Sea, Chinese state media said on Sunday, adding that large amounts of oil are burning in the surrounding waters.
 

Iran Ready to Develop Onshore Section of Gas Pipeline to Oman

15 January 2018 Time: 02:16
Iran is ready to build the onshore stretch of a major gas pipeline project that would transfer natural gas from the Persian Gulf to Oman south of the Sea of Oman, the chief executive officer of the National Iranian Gas Company said.
 

All Power Plants in Iran to Run on Gas by March

13 January 2018 Time: 01:45
More than 90% of power stations in Iran are running on natural gas as feedstock and concerted efforts are being made to stop using fuels like mazut to generate power by the end of the current fiscal year that ends in March 2018, the managing director of Iran Power Generation, Distribution and Transmission Company, or Tavanir, said.
 

Iranian, Norwegian Insurers to Compensate Oil Tanker Blaze

9 January 2018 Time: 23:14
In the wake of an Iranian oil tanker's collision in East China Sea, Iranian insurers are to compensate 30% of the costs while the rest would be covered by a Norwegian firm, the president of the Central Insurance of Iran announced.
 

Gas Flaring Cut by 70% in South Pars Refinery

10 March 2017 Time: 14:54
South Pars Oil and Gas Company (SPOGC) has curbed the flaring of natural gas at the so-called 3rd South Pars refinery in the city of Asalouyeh, Bushehr Province, by 70% in the present fiscal year (ends March 20), the refinery's director said on Wednesday.
 

Aramco Buys $7b Stake in Petronas

3 March 2017 Time: 14:40
Saudi oil giant Aramco will buy an equity stake in Malaysian firm Petronas' major refining and petrochemical project, pumping in $7 billion in its biggest downstream investment outside the kingdom, the companies said on Tuesday.
 

Iran Signs $2b Refinery Expansion Deal With Daelim

8 January 2017
Tehran has finalized an agreement worth $2 billion (2.3 trillion won) with South Korea's Daelim Corporation to renovate and expand a refinery in Isfahan Province, head of the National Iranian Oil Refining and Distribution Company, Abbas Kazemi, said on Friday.
 

Jam Petrochem Co. Ups HSE Spending

21 January 2018 Time: 23:39
In line with efforts to protect the environment against the devastating effects of industrial contaminants, Jam Petrochemical Company in the southern Bushehr Province has spent $28 million on environmental and safety protection projects.
 

Iran in Talks Over $7b Worth of Petrochem Deals

21 January 2018 Time: 23:28
In line with policies to reduce the production and sale of low value-added products, two projects, worth about $7 billion, are being finalized to produce an array of petrochemicals with greater return, the managing director of Persian Gulf Holding Company said.
 

Advanced Pollution Control Systems for Petrochemical Plants, Refineries in Iran

29 December 2017 Time: 23:53
As part of a drive to protect the environment and curb air pollution in the fossil fuel industry, petrochemical complexes and refining industries are being equipped with online pollution control systems, director of the Comprehensive Monitoring Office at the Department of Environment said.
 

Kurdistan Petrochemical Co. Boosts Polyethylene Export

25 December 2017 Time: 00:58
A petrochemical company in western Iran has turned into a leading producer and exporter of polyethylene, the most produced plastic in the world.
 

Majlis Support for New Petrochemical Investments

13 December 2017 Time: 14:58
The parliament is ready to back new investments that would help expand and complete the value chain in the key petrochemical industry, the spokesman of Majlis Energy Commission said on Monday.
 

CO2 Capture Initiative Underway in Mahshahr

11 December 2017 Time: 20:52
An initiative is underway to collect carbon dioxide emissions in petrochemical plants in the southern port city of Mahshahr, Iran's second largest petrochemical hub in Khuzestan Province.
 

Syndicate Loan for Biggest Water Transfer Project

29 December 2017 Time: 22:57
A banking syndicate is being created with the specific goal of financing the biggest water transfer project in the country that will take water from the Persian Gulf to the provinces of Hormozgan, Kerman and Yazd, says the head of the Majlis Economic Commission.
 

Desalination Curbs Water Scarcity in Coastal Regions

2 December 2017 Time: 13:25
A considerable amount of potable water in northern and southern coastal towns is provided by water desalination units, the deputy head of the National Water and Wastewater Engineering Company said.
 

Iran's New Energy Minister Vows Action on Chronic Water Crisis

31 October 2017 Time: 12:36
Preserving water resources and reforming the national wastewater system amid a chronic water crisis are front and center to plans of Reza Ardakanian, Iran's new energy minister who boasts environmentally-friendly credentials.
 

Iranian, French water associations sign co-op MOU in water sector

19 October 2017 Time: 13:29
Iran Association of Water and Wastewater Experts (IAWWE) and L'Association Internationale de L'Eau (IWA) signed an agreement on the sidelines of the 13th Iran International Water and Wastewater Exhibition (Watex 2017) in Tehran, IRNA reported on Wednesday.
 

Private Sector Eyes Water, Power Projects Worth €10b

17 October 2017 Time: 11:27
In the face of tight state funding and financial pressure, private companies have taken on the mantle of developing Iran's water and power infrastructure, Iran's caretaker energy minister said on Monday.
 

Poor Water Management Poses Environmental Challenge

3 October 2017 Time: 19:53
Although water scarcity is one of the biggest environmental challenges facing Iran, inefficient management of the valuable resource is largely to blame for a crisis that has emerged over the years, the director of Iran Water Industry Federation said.
 

Iran Keen to Develop Caspian Reserves

11 April 2017 Time: 01:29
The National Iranian Oil Company is eager to develop offshore oil and gas fields in the Caspian Sea in collaboration with foreign majors.
 

Ten South Pars Platforms Under Construction

13 February 2017
Iran Marine Industrial Company, Sadra, is building 10 offshore platforms to develop the remaining phases of the giant South Pars Gas Field in the Persian Gulf, the deputy for development and engineering at the National Iranian Oil Company said.
 

Egypt Signs $220m Energy Deals

30 December 2016
Egyptian Oil Minister Tarek El Molla has signed three offshore oil and gas exploration and production deals worth a total of at least $220 million with France's Total, Britain's BP and Italian oil major ENI's Egyptian subsidiary IEOC, the ministry said on Wednesday.
 

Renewed Interest in Offshore Exploration

28 December 2016
Oil exploration in the Persian Gulf is now on the agenda of the National Iranian Oil Company's exploration department that is why "Sahar 1" drilling rig will be employed to expand explorations in the region, Saleh Hendi, director of drilling operations at NIOC said Monday.
 

Standard Equipment to Help Cut Offshore Drilling Costs

27 December 2016
The global offshore oil industry could cut exploration costs by more than 30% if it would just agree to use standardized equipment, according to the International Marine Contractors Association (IMCA).
 

Iran Plans to Expand Regional Electricity Exchange

20 January 2018 Time: 16:24
As per the Sixth Five-Year Economic Development Plan (2017-22), Iran Power Generation, Distribution and Transmission Company (aka Tavanir) has been obliged to boost the country's electricity trade with its neighbors on northwestern, western and eastern borders, a deputy manager of the company said.
 

Installed Power Capacity Up 1% in Three Months

25 December 2017 Time: 00:50
Close to 800 megawatts of new electricity generation capacity were added to the national grid over the last three months, an increase of nearly 1% in the country's 77,000-MW installed capacity, the head of Iran’s Thermal Power Plants Holding Company said.
 

Iran Power Export to Pakistan Up 5%

11 December 2017 Time: 20:46
Iran's electricity supply to Pakistan increased by around 5% in fiscal 2016-17 (ended on March 20) compared to the previous fiscal.
 

Asalouyeh Power Plant Project Picking Up Pace

11 December 2017 Time: 20:44
Operations to complete the Asalouyeh combined cycle power plant in southern Iran have gained fresh impetus following the allocation of financial resources, an official of Pars Oil and Gas Company said.
 

Gov’t Mulls Higher Power Tariffs to Help Cut Subsidies

30 October 2017 Time: 11:15
The disparity between real electricity prices, which include the costs for generation and transmission, and what consumers pay for electrical power has compelled the government to pay 70 trillion rials (about $1.75 billion) in subsidies per annum, excluding expenditures on feedstock for power plants, a deputy energy minister said.
 

25% Rise in Iran Power Exports

16 October 2017 Time: 11:32
Iran's electricity exports rose nearly 25% in the first six months of the current fiscal year (March 21-Sept. 22) from the same period of a year ago, a deputy energy minister said on Sunday.
 

China Turns to Nuclear Power for Winter Heating

11 December 2017 Time: 20:57
With its smog-prone north desperate to slash coal consumption, China is looking to deploy nuclear power to provide reliable winter heating. This has raised public safety concerns, although developers say the risks are minimal.
 

Trump’s Plan to Save Coal, Nuclear Plants in Trouble

11 December 2017 Time: 20:30
The administration of US President Donald Trump plans to keep coal and nuclear power plants running, but analysts are skeptical it will do enough to prevent more of the facilities from closing down.
 

Global Nuclear Capacity to Rise

16 November 2017 Time: 22:59
Global nuclear capacity will rise from 413 GW at the end of 2016 to 516 GW in 2040 under the most likely scenario, according to the International Energy Agency's World Energy Outlook 2017 report, which was released on Tuesday.
 

French Businesses, Officials to Preempt American JCPOA Walkout

22 October 2017 Time: 19:10
French businesses and foreign and finance ministry officials will meet next week, as they work together to understand better the consequences of US President Donald Trump’s refusal to certify the 2015 Iran nuclear deal.
 

Rouhani: U.S. allies have sided with Iran, nuclear deal

19 October 2017 Time: 13:20
Iranian President Hassan Rouhani said on Tuesday that the United States’ “traditional allies” and other countries have sided with Iran and the 2015 nuclear deal.
 

India’s Answer to Trump on Climate Is Nuclear Power

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

Sportswear Giant Signs Second Wind Power Deal

21 January 2018 Time: 23:24
Sportswear giant Nike has signed its second major wind power agreement with Avangrid Renewables. The deal is for 86 megawatts of wind power from the Karankawa Wind Farm in Bee and San Patricio counties in Texas.
 

Iran Plans to Expand Regional Electricity Exchange

20 January 2018 Time: 16:24
As per the Sixth Five-Year Economic Development Plan (2017-22), Iran Power Generation, Distribution and Transmission Company (aka Tavanir) has been obliged to boost the country's electricity trade with its neighbors on northwestern, western and eastern borders, a deputy manager of the company said.
 

Startups Key to Combating Air Pollution

20 January 2018 Time: 16:00
Startups could help combat air pollution by developing sensors and control systems, the deputy for renewable energy at the Vice Presidency for Science and Technology said.
 

Shell Expands Solar Venture

17 January 2018 Time: 16:28
Royal Dutch Shell agreed on Monday to acquire a stake in a US solar company, 12 years after exiting the sector, in the latest series of deals to grow beyond its core oil and gas business.
 

Plan to Upgrade SP Power Station

15 January 2018 Time: 02:24
Upgrading the South Pars Gas Field’s central power plant to the combined-cycle system has been planned, which can use both gas and steam to generate electricity, the director of production at Pars Oil and Gas Company said.
 

German Investment in Hamedan PV Venture

2 January 2018 Time: 23:56
In line with policies to boost renewable energy capacity, German investors have built four solar power plants in Hamedan, 330 kilometers west of Tehran, and the fifth one is under construction, director general of Hamedan Province's economic affairs said.
 

Sportswear Giant Signs Second Wind Power Deal

21 January 2018 Time: 23:24
Sportswear giant Nike has signed its second major wind power agreement with Avangrid Renewables. The deal is for 86 megawatts of wind power from the Karankawa Wind Farm in Bee and San Patricio counties in Texas.
 

Google to Meet All Energy Needs From Clean Power

2 December 2017 Time: 12:55
Google, the biggest corporate buyer of renewable energy, is buying even more—536 megawatts of wind power from four power plants.
 

Norwegians Discussing Wind, Solar Joint Deals with Iran

24 October 2017 Time: 10:18
In line with efforts to enhance the country's renewable power production capacity, preliminary talks are underway with Norway’s Norsk Vind Energi to construct a 200-megawatt wind farm in Iran, the deputy energy minister for international affairs said.
 

Korean company to invest in construction of 3 wind farms in Iran

26 September 2017 Time: 09:46
A South Korean company is to invest in construction of three wind farms in the south-eastern Iranian province of Sistan-Baluchestan.
 

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

20 December 2016
Germany’s Medio Energy signed a memorandum of understanding for the construction of a wind and a solar power plant in south Iran.
 

Iranian Firm to Build 50 MW Wind Farm in Pakistan

3 September 2016
Pakistan has issued a permit for the construction of a wind power plant in the country’s Sindh Province by Iran Power and Water Equipment and Services Export Company (SUNIR).
 

Plan to Upgrade SP Power Station

15 January 2018 Time: 02:24
Upgrading the South Pars Gas Field’s central power plant to the combined-cycle system has been planned, which can use both gas and steam to generate electricity, the director of production at Pars Oil and Gas Company said.
 

Norway’s Saga Signs $2.9b Iran Solar Power Venture

19 October 2017 Time: 13:07
Norway’s Saga Energy signed a €2.5 billion ($2.94 billion) deal in Tehran on Tuesday to build solar power plants in Iran, the company said, just days after US President Donald Trump unveiled a more confrontational policy toward Tehran.
 

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

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

$6b Worth of Power Deals Since Sanctions Removal

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

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

24 January 2017
For the second year running, a survey conducted by IN THE MINE magazine in Brazil ranked Metso as a leading brand in the Brazilian mining sector. Metso was number one in the categories of Crushing and Maintenance of Mineral Beneficiation Mills.
 

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

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

Shell Expands Solar Venture

17 January 2018 Time: 16:28
Royal Dutch Shell agreed on Monday to acquire a stake in a US solar company, 12 years after exiting the sector, in the latest series of deals to grow beyond its core oil and gas business.
 

Energy Majors Pressed to Step Up Climate Action

13 December 2017 Time: 14:52
More than 200 institutional investors with $26 trillion in assets under management said on Tuesday they would step up pressure on the world’s biggest corporate greenhouse gas emitters to combat climate change.
 

Iran Auto Industry Divorced From EV Reality

11 December 2017 Time: 22:08
While the global automotive industry is undergoing profound changes, it seems that carmakers and auto policymakers in Iran are stuck in the past, executive vice president of PSA Group for Africa and the Middle East said during an interview in Tehran.
 

Sri Lanka Sets Sight on Iranian Oil Derivatives

11 December 2017 Time: 20:55
Sri Lanka is willing to source its demand for oil derivatives from Iran, Sri Lankan ambassador in Tehran said on Sunday.
 

Iran Prioritizes Three Sectors for Using Foreign Finance

28 November 2017 Time: 23:43
Iran will use the recent flow of foreign finance it received mainly to fund export and energy sectors in addition to projects boosting jobs, the head of the Organization for Investment, Economic and Technical Assistance of Iran announced.
 

Private Sector Eyes Water, Power Projects Worth €10b

17 October 2017 Time: 11:27
In the face of tight state funding and financial pressure, private companies have taken on the mantle of developing Iran's water and power infrastructure, Iran's caretaker energy minister said on Monday.
Building Materials
 

Iran Holds 3b Tons of Decorative Stone Reserves

14 January 2017
Iran holds 3 billion tons of decorative stone reserves, says an executive of Iran Stones Association.
 By the Presence of International Mining Delegates:

The International Mining Trade Fair Has Just Opened Up

5 November 2016
Tehran is hosting over 300 national and foreign companies in the International Trade Fair for Construction Machinery and Vehicles, Mining, Building Material Machines and Natural Stone Industry at Tehran International Exhibition Center
 

Stone Exporters Hit Rock Bottom

21 July 2016
Despite a 20-year-long record in the business and access to sizable and high-quality stone reserves, Iranian stone exporters have not yet been able to cross the $200 million mark in exports, the head of Stone Association of Iran said.
 

Tehran to Host Stone, Mining Exhibition

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

Concrete, Mortar Mixers Imported

10 October 2017 Time: 16:16
Concrete and mortar mixers weighing more than 711 tons and worth 51.55 billion rials ($1.6 million) were imported into Iran during the five months to Aug.
 

Hitachi Launches After Sales Services in Iran

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

Ministry Forecasts Stable Housing Outlook

20 January 2018 Time: 15:57
The Iranian housing sector is witnessing a notable increase in residential deals in a sign of imminent recovery, but a deputy roads and urban development minister said this will not translate into higher prices.
 

Building Permits Surge Nationwide

15 January 2018 Time: 01:58
The latest report released by the Statistical Center of Iran on Saturday shows residential construction permits issued this summer have increased both in Tehran and across the country.
 

First-Time Buyers Rush to Housing Market

25 December 2017 Time: 00:33
More than 40,000 Housing Saving Accounts have been opened in the third quarter of the current fiscal year to Dec. 21 to mark a whopping jump of 57.6% compared with the same period of last year.
 

270 Tunnels Under Construction

16 December 2017 Time: 12:01
A total of 270 tunnels are under construction in Iran, while 154 others are being studied in road, highway, freeway and railroad projects, a deputy minister of roads and urban development said.
 

Tabriz Hosts Int’l Building Industry Exhibition

13 December 2017 Time: 14:42
The Third International Building Industry Exhibition opened on Tuesday at Tabriz International Exhibition Center in northwestern Iran.
 

Housing Stability to Prevail

12 December 2017 Time: 00:03
Despite the recent surge in the value of gold coin and foreign currencies in the Iranian market, home prices remain unaffected and the sector’s experts believe the housing market will remain steady through the end of current Iranian fiscal to March 20, 2018.
Sciences
 

Google Releases iPhone Hacking Tool

16 December 2017 Time: 12:02
Google released a tool that allows security researchers, and other developers, to hack into iOS 11.1.2, software that could lead to a jailbreak for devices running that OS version.
 

Miners’ 13 Research Priorities to Benefit Exemption of State Law

30 December 2015
Administrative regulation related to applied research priorities that makes miners exempted from 10 percent of the state law announced by the mining deputy of Ministry of Industry ,Mine and Trade (Iran).
 

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

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

Nokia, DoCoMo Sign 1st 5G Deal

20 January 2018 Time: 16:03
Finland’s Nokia said on Friday it signed its first major deal to supply new 5G wireless radio base stations to Japanese telecom operator NTT DoCoMo, which boasts nearly half of the country’s mobile subscribers.
 

Snowden’s App Turns Phones Into Security Systems

27 December 2017 Time: 00:41
One of the world’s most well-known activists against digital surveillance has released what’s intended to be a cheap, mobile, and flexible version of a physical security system.
 

Mobile Communication Company of Iran Launches WiFi Calling

25 December 2017 Time: 00:30
Local mobile operator Mobile Communication Company of Iran is now offering WiFi calling services.
 

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

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

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

2 February 2017
Increased productivity and a broader product portfolio
 

Gianpietro Benedetti on technologies for new market realities

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

Nokia, DoCoMo Sign 1st 5G Deal

20 January 2018 Time: 16:03
Finland’s Nokia said on Friday it signed its first major deal to supply new 5G wireless radio base stations to Japanese telecom operator NTT DoCoMo, which boasts nearly half of the country’s mobile subscribers.
 

Samsung, Huawei Dominate 83% of Iran Android Phone Market

15 January 2018 Time: 01:50
Iran’s largest Android app market, Café Bazaar, has released a report that indicates that 83% of its users have Samsung or Huawei handsets. The company has 35 million users.
 

Snowden’s App Turns Phones Into Security Systems

27 December 2017 Time: 00:41
One of the world’s most well-known activists against digital surveillance has released what’s intended to be a cheap, mobile, and flexible version of a physical security system.
 

Mobile Communication Company of Iran Launches WiFi Calling

25 December 2017 Time: 00:30
Local mobile operator Mobile Communication Company of Iran is now offering WiFi calling services.
 

Google Releases iPhone Hacking Tool

16 December 2017 Time: 12:02
Google released a tool that allows security researchers, and other developers, to hack into iOS 11.1.2, software that could lead to a jailbreak for devices running that OS version.
 

Iranian Websites Helping Jobseekers

8 November 2017 Time: 01:19
Local startups have launched online services connecting jobseekers and businesses with vacancies. Some of the famous names are Iran Talent, Ponisha and Jobinja, but there also newcomers.
 

One more step towards Industry 4.0

13 January 2017
Danieli Automation acquires Telerobot Labs
 

MSC Selected Asia’s 11th Most Admired Knowledge Enterprise

11 December 2017 Time: 21:34
Iran’s largest steelmaker, Mobarakeh Steel Company, has been selected as Asia’s 11th Most Admired Knowledge Enterprise in 2017.
 

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

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

Tehran Ready to Share Nuclear Knowhow

30 December 2016
The Atomic Energy Organization of Iran said sharing nuclear knowhow with neighboring countries will pave the way for regional development.
 

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

18 July 2016
Head of Iranian Mineral Processing Research Center(IMPRC) announced that IMPRC is ready to transfer technical know-how of rare earth elements to other countries.
 

Iran, Denmark Cooperation in Knowledge Transfer

13 October 2015
Ehdasse Sanat and FLSmidth companies signed Memorandum of Understanding aimed to cooperation in technical knowledge transfer in cement industry, training experts and joint venture.
 

Iran University Students Develop Solar Car

8 February 2017
The preliminary design of a solar car named 'Sepehr' (Sky) will be unveiled at the Mechanical Engineering Faculty of Iran University of Science and Technology (IUST) this week.
 

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

3 July 2016
In the Asia University Rankings, THE employed the same performance indicators used for its World University Rankings ㅡ 13 indicators in 5 areas including Teaching, Research, Citations, International Outlook and Industry Income ㅡ but more weight was given this year to the industry income indicators as industry-academia cooperation has become a crucial issue to universities.
 

Invitation for Collaboration in Mineral Research Projects

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

Tehran Hosts Mineral Processing Symposium

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

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

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

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

3 July 2016
In the Asia University Rankings, THE employed the same performance indicators used for its World University Rankings ㅡ 13 indicators in 5 areas including Teaching, Research, Citations, International Outlook and Industry Income ㅡ but more weight was given this year to the industry income indicators as industry-academia cooperation has become a crucial issue to universities.
 

IMIDRO’s Attention to Training, Research Sector

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

Iranian Websites Helping Jobseekers

8 November 2017 Time: 01:19
Local startups have launched online services connecting jobseekers and businesses with vacancies. Some of the famous names are Iran Talent, Ponisha and Jobinja, but there also newcomers.
Scrap & Recycling
 

Great Opportunity in Recycling Investment

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

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

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

The Discreet Charm of Gas for Iranian Steel

3 March 2017 Time: 14:22
The steel industry accounts for 4-5% of Iran’s daily gas consumption of 90 million cubic meters / Iran holds an estimated 34 trillion cubic meters of gas, which constitute the biggest natural gas reserves in the world
 

Scrap Iron Scarcity Ironic

13 February 2017
In Iran, cheap energy and abundance of iron ore are the main causes deterring steelmakers from using scrap metal
 

Experts Call for Modernizing Metal Recycling

26 September 2016
Using scrap metal recycled through traditional methods hampers steel production efficiency, increases the industry’s energy costs and causes water and air pollution, the head of Khorasan Razavi Province’s Public-Private Dialogue Council said.
 

Thousands of Ships Being Scrapped

20 August 2016
The shipping industry is taking a beating. About 1,000 ships capable of hauling 52 million metric tons of cargo will be cut up and sold for scrap metal this year.
METALLURGY
 

Ahead Complete Global a Motto Is Being Lived!

16 January 2017
Kurtz Gießereimaschinen is known as a complete supplier for foundry lines and production systems for the foundry industry.
 

KA Shui International Holdings Ltd. at a glance

14 January 2017
Originally established in Hong Kong in 1980, Ka Shui Group has begun setting up production bases in Shenzhen, Huizhou and Anhui Wuhu since 1986.
 ANKIROS/ANNOFER/TURKCAST 2016 FAIR TRILOGY:

FOCUS OF PRESTIGE IN METALLURGY INDUSTRY

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

TALEX casthouse in ABU DHABI - Successful Start of Operation

10 June 2016
Hertwich Engineering supplies on turnkey basis
 

METAFOUND 2016

30 May 2016
The 13th International Steel, Mine, Metals, Foundry, Metallurgy Industries and Related Equipment Trade Fair
 

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

30 January 2016
The new machine is equipped with electro-hydraulic direct drives that are mounted on the roll shafts - an innovative drive solution for this type of application. This design can reduce energy consumption by up to 40 percent compared with conventional ring rolling machines. Caption : Model of the new RAW ecompact® for energy-efficient production of rings with rectangular cross-section.
 

German Molding Machine Co. Picks New Iran Agent

26 January 2017
German manufacturer of molding machines Krauss Maffei Group has appointed Karan Sima Fam as its new agency in Iran and aims to strengthen its market position in injection molding and reaction injection molding machinery in the country, the German machinery supplier has announced.
 

AMB Iran Success Lines Up 2017 Event

27 June 2016
The success of the latest edition of Germany’s specialized exhibition for the machine tools and metalworking sector known as “AMB Iran” has prompted organizers to start planning the next event in 2017.
 

Extrugasa orders another extrusion press from Danieli Breda

13 November 2016
The new 45MN front-loading press will be the largest in Spain and one of the most modern worldwide
 

Tehran Hosts Alu-Tech Partnership Seminar

5 June 2016
The Iranian capital hosted the first Alu-Tech Partnership Seminar last week with a focus on technological developments in the production of structural parts as well as in automotive industry.
 

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

24 December 2015
Great success in Dubai for the highly technical day that took place in order to explain the importance of innovation and the practical feasibility of the new technologies in aluminium extrusion and finishing and in waste water. The new concepts of green technology and the aluminium technology of the future have been presented in front of a special invitation audience of about 75 selected delegates, representing 38 companies from 13 middle east states.
 

Mercury Casting Contracts BuhlerPrince to Expand HPDC

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

REFRAJET® Addmix: An innovative injection system

27 November 2017 Time: 14:29
The REFRAJET® Addmix technology is an innovative injection system that was developed specifically for the installation of cement-free sol-gel bonded refractory concretes of the REFRAJET® Nanobond type.
 

Seven Expands Activities for the Aluminium Industry

30 March 2017 Time: 22:13
Less than a year after the publication of Seven’s first brochure for the aluminium industry, satisfied customers in several countries have been won. Deliveries have gone to Germany, Italy, the Slovak Republic, Russia, and Taiwan.
 

Seven Kazakhstan Factory Opened in February 2017

30 March 2017 Time: 21:16
Seven’s growth over the last years has triggered substantial expansions: In 2016, the main plant in Divača/Slovenia was expanded with fully integrated production, shipping, and storage systems. New and improved lines for dry-mixing and taphole clays are complemented by a brand new 300m2 laboratory.
 

Repair of mixer no. 8 for Rusal

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

China's Yunnan province starts safety checks on metals plants

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

Outotec and Outokumpu settled their patent dispute regarding ferroalloys technology inventions

13 January 2017
Outotec and Outokumpu have settled their patent dispute, commenced in 2013, concerning the rights to inventions relating to ferroalloys technology.
 

Mineral Exports Rise, Imports Fall Over 4 Months

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

Iran’s Ferrochrome Seeks to Increase Global Market Share

27 July 2016
Iran seeks to increase its share of global ferrochrome markets in light of China cutting down on production capacities in some of its industrial sectors, including ferrochrome, and the country’s need to import the alloy, said Mohammad Reza Pirhassanlou, managing director of Joghatai Ferrochrome Complex.
 

Axens to Study Petroleum coke Feasibility

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

Axens to Study Petcoke Unit Feasibility

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

Outotec introduces three new products for sustainable tailings and water management in minerals processing

3 January 2018 Time: 00:12
As ore compositions at mines around the world become more complex and the grades of available resources continue to decline, the amount of tailings per ton of metal produced is rising.
 

Continuous bloom caster modernized by Primetals Technologies receives FAC from Zenith Steel, China

6 December 2017 Time: 12:07
In November, Chinese steel producer Changzhou Zhongtian Iron & Steel (Zenith Steel) awarded the final acceptance certificate (FAC) for a continuous bloom casting machine modernized by Primetals Technologies.
 

Falk Mill Products for mining industry rebranded as Metso Gears and Pinions

2 December 2017 Time: 13:40
In 2015, Metso acquired from the US-based company Rexnord Industries, LLC, certain intellectual property rights related to Rexnord's Falk Mill Products business.
 

SMS group supplies three tandem cold mills for lead rolling to Johnson Controls Power solutions

24 November 2017 Time: 14:24
Johnson Controls Power Solutions has placed an order with SMS group for the supply of three tandem cold mills for lead rolling and has presented SMS group with the “Asia Supplier Excellence Award”.
 

Metso wins a significant order to deliver a new minerals processing plant to Russia

11 October 2017 Time: 11:12
The first comminution line will be delivered at the end of 2018 and the second around 2020.
 Unveiling Q-ONE

Danieli EAF efficient energy source through new high-performance power unit

8 October 2017 Time: 09:55
Finally, Q-ONE gives tremendous flexibility allowing EAF operation in cases of individual power unit failure, as well as operating the furnace at full power with just two electrodes.
 

Phosphate Concentrate Output Rises

3 July 2016
Esfordi Phosphate Industrial and Mineral Complex produced 14,859 tons of phosphate concentrate in the first two months of the current Iranian year (started March 20), indicating a 22% rise compared to last year’s corresponding period, Iranian Mines and Mining Industries Development and Renovation Organization reported on its website.
 

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

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