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).
This indicates a 215% upsurge compared to the earning in last year’s similar period, latest data released by the Ministry of Industries, Mining and Trade show. More than half of the royalties were collected from miners in Kerman Province, IRNA reported.
The world's largest undeveloped hard rock lithium project is aiming to produce a minimum of 440,000 t/yr of lithium concentrate over a period of 20 years, but is also undertaking studies that may sharply increase annual output.
Rashtriya Ispat Nigam Limited - public sector enterprise has resumed iron ore purchases from Karnataka e-auctions after a gap of 1 month. In the e-auction conducted on 17th Sept, the steelmaker procured fines and lump from NMDC Kumaraswamy mines. Prior to this, it had procured material from Karnataka in July.
Iranian Ministry of Industries, Mining and Trade has released a list of essential goods that are not subject to the 4% upfront payment of import duties, given the current economic situation of the country and in order to avoid price rises.
A company owned by Russian billionaire Alisher Usmanov is in talks to raise $1.25 billion from Russian banks by the start of 2019 to build a massive mining and metallurgical plant at Russia's biggest untapped copper deposit, its chairman said.
Victorio Palangdan, the mayor of the town of Itogon located in the northern Philippines' Benguet province, reported that typhoon Mangkhut caused a landfall on Saturday and that dozens of people, mostly small-scale miners and their families, were feared to have been trapped underneath the huge pile of mud and rocks.
Iran mine and mining industries sector has attracted $5 billion of China’s $20billion finance in Iran concurrently with President Rouhani’s visit to China, Chairman of the board of IMIDRO announced in 9th International Infrastructure Investment and Construction Forum.