NEWS
ECONOMY   Industry  

Half of Industrial Units Operating Above 50% Capacity

Minister of Industries, Mining and Trade Mohammad Shariatmadari said only half of Iran’s active industrial units are operating above 50% of their capacity.

Nevertheless, the minister added that applications to set up new industrial units registered a 23% increase during the nine months to Dec. 22, 2017, compared with the previous year’s corresponding period, Financial Tribune’s sister newspaper Donya-e-Eqtesad reported.

Shariatmadri believes high bank interest rates have greatly disturbed the production sector, as profits made in industrial units are low compared to the interest rates.

News No: 1842
Date: 2018/01/23 - 14:24
News Source: Financial Tribune

Minister of Industries  Mining  Mohammad Shariatmadari 

Comments:

Leave a Comment:

   
   
   
 

Brazil mining authority halts two Vale complexes

Brazil's mining agency (ANM) has ordered Vale (NYSE:VALE) to suspend operations at its Fabrica and Vargem Grande complexes, as part of an ongoing crack down following last month's deadly dam break at the iron producer’s Corrego do Feijão mine.
 

Railroad Project Kicks Off in Kerman

Construction of Sirjan-Kerman Railroad kicked off on Monday. The project will cost 889 billion rials ($7 million) and take 30 months to complete, the CEO of Golgohar Mining and Industrial Company, located in Sirjan, said.
 

Barrick’s CEO visits Papua New Guinea to support extension of Porgera mining lease

The new President and CEO of Barrick Gold (NYSE:GOLD)(TSX:ABX), Mark Bristow, said the company wants to strengthen its partnership with the government and local communities of Papua New Guinea where the Porgera gold deposit is located.
 

Copper miner's $10B bet comes to life in Panama jungle

The world’s largest new copper mine rumbled to a start this week in the Panamanian jungle, poised to supply a global market that’s tipping into deficit and gives First Quantum Minerals Ltd. a chance to prove its $10 billion investment was worth all the trouble.
 

Technology to redesign 77% of Australian mining jobs over next five years — report

The future holds a changing landscape for miners’ skillsets in Australia. A vast 77% of mining jobs will be enhanced or redesigned due to technology within the next five years, an EY report for the Minerals Council of Australia on the Future of Work in Mining released today reveals.
 

Newcrest sells Cote d’Ivoire project to Canada’s Roxgold in $30 million-deal

Australia’s largest gold producer, Newcrest Mining (ASX: NCM) is selling its Séguéla gold project and its portfolio of 11 exploration tenements in Côte d’Ivoire to Canada’s Roxgold (TSX: ROXG) in a deal valued at $30 million.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners