NEWS
IRON and STEEL
 

India: SAIL Pig Iron Auction Receives Limited Participation

18 July 2019 Time: 20:59
SAIL (Steel Authority of India Limited) conducted auction for around 6,550 MT steel grade pig iron today from its Rourkela Steel plant (eastern India). The auction received weak response as only 17% material have been sold out amid unchanged base price.
 

Vietnam's Formosa Hikes HRC Price by USD 25 for September

18 July 2019 Time: 20:54
Vietnam’s domestic steel producer - Formosa Ha Tinh has today announced its monthly revision in its steel prices. The company has raised its HRC offers sharply by USD 25/MT for Sept shipments.
 

Iron ore price spike widens concentrate discounts

18 July 2019 Time: 14:31
Floating discounts for iron ore concentrates have widened into China this month, including for higher-quality brands like 67-68pc Fe Minas Rio, as big moves in the underlying indexes and competition from domestic ores pressure discounts downward.
NON-FERROUS
 

India to impose ADDs on coated steel imports

18 July 2019 Time: 14:35
India's directorate-general of trade remedies (DGTR) has recommended anti-dumping duties (ADDs) of varying rates for imports of aluminium and zinc-coated steel products from China, South Korea and Vietnam.
 

The U.S. primary aluminium production up by 40% in H1 2019; Canada production drops about 3%

18 July 2019 Time: 13:10
The Aluminum Association, in cooperation with the Aluminium Association of Canada, reported primary aluminium production in North America (U.S. and Canada) was at an annual rate of 3,991,956 tonnes during June 2019, a drop of 13,354 tpy or 0.3% from May 2019.
 

Unloading of More Than 1,560 Wagons in 48 hours

17 July 2019 Time: 16:35
Tenova TAKRAF is pleased to announce the successful achievement of the 48-hour performance test for a major bauxite expansion project in Guinea. This important project milestone, for this complex greenfield/brownfield project, was achieved on 1 July 2019.
 

Rio faces $1.9bn cost blowout, delays at Oyu Tolgoi

17 July 2019 Time: 21:25
The world’s No.2 miner, Rio Tinto, (ASX, LON, NYSE:RIO) is once again in trouble in Mongolia, but this time it is not related to the government questioning the legitimacy of the ongoing underground expansion of its giant Oyu Tolgoi copper-gold-silver mine, but the costs and schedule of the project.
 

Turquoise Hill’s stock tanks on Mongolia troubles

17 July 2019 Time: 21:19
Turquoise Hill’s (NSYE: TRQ) stock tanked over 42% on Tuesday, after releasing its Q2 2019 report, revealing costs for the expansion of its Oyu Tolgoi mine could increase by up to $1.9 billion.
 

Fresh opposition to Southern Copper’s billion-dollar project in Peru

17 July 2019 Time: 21:10
Southern Copper Corp (NYSE:SCCO), the world’s fifth largest producer of the red metal in terms of output, is once again facing community opposition to its long-delayed $1.4 billion Tia Maria copper project in Arequipa, southern Peru.
 

India to impose ADDs on coated steel imports

18 July 2019 Time: 14:35
India's directorate-general of trade remedies (DGTR) has recommended anti-dumping duties (ADDs) of varying rates for imports of aluminium and zinc-coated steel products from China, South Korea and Vietnam.
 

46% Decline in Iran's Lead, Zinc Ore Extractions

17 July 2019 Time: 21:30
Major Iranian lead and zinc producers extracted 207,788 tons of ores during the first three Iranian months (March 21-June 21), which indicates a 46% fall in production compared with last year’s corresponding period, the Iranian Mines and Mining Industries Development and Renovation Organization’s latest report shows.
 

Indian Govt Recommends Imposition of Provisional Anti Dumping Duty on Galvalume Steel Products

17 July 2019 Time: 12:48
Indian govt has issued preliminary findings in its initiated investigation of anti-dumping on the imports of Aluminum and Zinc coated flat products originating in or exported from China PR, Vietnam and Korea RP.
 

Fresnillo cuts 2019 production, cites challenging times

18 July 2019 Time: 13:55
Shares in Fresnillo (LON:FRS), the world’s largest silver miner, dropped by almost 5% to the bottom of the FTSE 100 after it cut its annual production targets, citing lower-than-expected ore grades and construction delays at its gold mines in Mexico.
 

Acacia hit by fresh roadblock in Tanzania ahead of Barrick’s bid deadline

18 July 2019 Time: 13:50
Embattled Acacia Mining (LON:ACA) is facing fresh hurdles in Tanzania as the government has ordered it to stop using a waste storage facility at North Mara, its largest gold mine and the only one of the three the company owns that remains fully operational.
 

Rio faces $1.9bn cost blowout, delays at Oyu Tolgoi

17 July 2019 Time: 21:25
The world’s No.2 miner, Rio Tinto, (ASX, LON, NYSE:RIO) is once again in trouble in Mongolia, but this time it is not related to the government questioning the legitimacy of the ongoing underground expansion of its giant Oyu Tolgoi copper-gold-silver mine, but the costs and schedule of the project.
 

Lithium price: Tesla now sells 22% of world’s battery power

18 July 2019 Time: 14:14
Adamas Intelligence tracks the battery capacity (and the metals used in them) of electric vehicles sold in more than 80 countries around the world, representing more than 90% of the global EV market.
 

India: Imported Manganese Ore Prices Rises on Shortage at Chinese Ports

17 July 2019 Time: 17:24
Seaborne Manganese Ore prices raised amid shortage of material at Chinese Ports. South African Carbonate Ores price was raised last week and this week Australian and Gabonese Ores followed the suit. However, the sudden increase in the global freight rates have decreased margins on Manganese Ore Shipments.
 

Development snapshot: Eight juniors looking to supply the electric vehicle revolution

14 July 2019 Time: 17:31
While the prices for key battery minerals such as lithium, cobalt, nickel, rare earth elements, graphite and copper have so far been subdued in 2019, the general excitement about the future wide adoption of electric vehicles continues to fuel activity amongst Canada’s battery mineral juniors. Here is a look at eight such companies:
MINERALS
 

Australia: Iron Ore Exports Surge 18% in Q2 CY19

18 July 2019 Time: 21:02
Australia - world's largest iron ore exporter has recorded rise in iron ore shipment for second quarter CY19, according to the vessel line up data maintained with SteelMint. Australia's iron ore export shipments recorded at 222.49 MnT in Q2 CY'19, up 18% as compared to 187.91 MnT in Q1 CY'19.
 

Iron ore price spike widens concentrate discounts

18 July 2019 Time: 14:31
Floating discounts for iron ore concentrates have widened into China this month, including for higher-quality brands like 67-68pc Fe Minas Rio, as big moves in the underlying indexes and competition from domestic ores pressure discounts downward.
 

NMDC seeks to restart iron ore mine in Karnataka

18 July 2019 Time: 14:26
India's state-controlled NMDC has secured a favourable court order to restart operations at its 6mn t/yr Donimalai iron ore mine in the southern state of Karnataka, which has been shut down because of a royalty dispute with the state government.
 

Anglo American ramps up 2Q iron ore, coking coal output

18 July 2019 Time: 14:22
UK-South African mining firm Anglo American increased coking coal production in the second quarter after completing longwall moves. Its global iron ore output continued to rise following a restart at the Minas-Rio mine in Brazil.
 

BHP aims to cut thermal coal output for next year, raise quality

18 July 2019 Time: 14:03
The world’s biggest miner, BHP Group , on Wednesday said it planned to produce less thermal coal in the coming financial year and that it would wash it instead as part of a drive to raise the quality of the commodity.
 

Two new coal mine proposals under review in British Columbia

17 July 2019 Time: 17:50
Continued strong global demand for steelmaking coal, especially in China and India, may be behind two new coal mine proposals in Canada’s British Columbia province.
 

FCB Horomill®: 25-year history told by Buzzi Unicem

15 February 2019 Time: 19:48
In the February issue of International Cement Review, Buzzi Unicem reviews its cooperation with Fives in the development of the FCB Horomill® technology.
 

RMA cementing alliances in northwestern BC

31 January 2019 Time: 17:28
A partnership of First Nations, exploration companies and provincial government representatives is working well, as the three groups collaborate to progress mineral exploration and mining in northwest British Columbia.
 

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.
 

World record: Ultra-thin hot rolled strip with a thickness of 0.6 millimeters produced on Arvedi ESP line supplied by Primetals Technologies

29 January 2019 Time: 18:30
In October 2018, an Arvedi ESP (Endless Strip Production) line installed in a plant belonging to the Chinese steel producer Rizhao Steel Group Co., Ltd (Rizhao) produced ultra-thin hot strip with a thickness of just 0.6 millimeters for the very first time.
 

Outotec to deliver a mine paste backfill system to Canada

29 January 2019 Time: 18:10
Outotec has been awarded a contract to design and deliver a mine paste backfill system to a nickel mine in Canada.
 

Metso, in collaboration with Rockwell Automation, introduces new predictive maintenance solution for mining industry

26 November 2018 Time: 21:57
Metso is expanding its digital Metso Metrics offering with the launch of a new predictive maintenance solution for mining equipment, aimed to help maximize the uptime and performance of comminution circuits.
 

NMDC seeks to restart iron ore mine in Karnataka

18 July 2019 Time: 14:26
India's state-controlled NMDC has secured a favourable court order to restart operations at its 6mn t/yr Donimalai iron ore mine in the southern state of Karnataka, which has been shut down because of a royalty dispute with the state government.
 

Vale faces investors lawsuit linked to Brumadinho dam burst

18 July 2019 Time: 14:11
A group of investors in Brazil’s Vale (NYSE:VALE), the world’s top iron ore producer, is seeking compensation for loses linked to the deadly dam burst in Brumadinho in January this year, which killed more than 300 people and caused extensive property and environmental damage in the region.
 

Fresnillo cuts 2019 production, cites challenging times

18 July 2019 Time: 13:55
Shares in Fresnillo (LON:FRS), the world’s largest silver miner, dropped by almost 5% to the bottom of the FTSE 100 after it cut its annual production targets, citing lower-than-expected ore grades and construction delays at its gold mines in Mexico.
Auto
 

Lithium price: Tesla now sells 22% of world’s battery power

18 July 2019 Time: 14:14
Adamas Intelligence tracks the battery capacity (and the metals used in them) of electric vehicles sold in more than 80 countries around the world, representing more than 90% of the global EV market.
 

Daimler renews its confidence in Fives at its Hambach site

16 July 2019 Time: 14:40
As part of the major project to develop its Hambach plant, which includes the conversion of the existing line for the production of the new Mercedes-Benz vehicle and a new workshop dedicated to the production of the smart fortwo, the Daimler Group continues its collaboration with Fives.
 

Iranian Knowledge-Based Company Produces Calcium-Based Alloys Used in Car Industry

15 July 2019 Time: 13:06
Iranian experts working for a knowledge-based company managed to produce calcium-based alloys with applications in auto industry.
ECONOMY
 

6th Oil Offer on Iran Energy Exchange Next Week

27 February 2019 Time: 20:03
The next round of crude oil offer on Iran Energy Exchange (IRENEX) will be made by the National Iranian Oil Company on March 4. Offer conditions are the same as the previous round with regard to volume and purchasing terms.
 

Iran’s Energy Bourse to Open 4th Crude Sales in February

30 January 2019 Time: 21:45
Iran will hold the 4th session of direct sales of oil to domestic and international buyers through its energy bourse on February 4th.
 

Official: Foreign Firms Eyeing to Purchase Iran's Oil

23 December 2018 Time: 18:11
Several foreign companies have shown interest in purchasing Iran's oil via the exchange market, Managing director of Iran's Energy Exchange Seyed Ali Hosseini said.
 

Iran to Offer 2mln Barrels of Condensate on Energy Bourse

14 July 2019 Time: 17:53
The National Iranian Oil Company (NIOC) announced on Sunday that it is due to offer 2 million barrels of gas condensates in the international ring of the Iran Energy Exchange (IRENEX) on Tuesday in a move to bypass Washington’s unilateral sanctions against Tehran.
 

Iran to Offer 2mln Barrels Crude on Energy Bourse

30 June 2019 Time: 19:25
The National Iranian Oil Company (NIOC) announced on Sunday that it is due to offer 2 million barrels of crude oil in the international ring of the Iran Energy Exchange (IRENEX) on Tuesday, in a move to bypass Washington’s unilateral sanctions against Tehran.
 

IRENEX Trade Reaches $74m in 1 month

25 June 2019 Time: 15:24
More than 183,000 tons of hydrocarbon products valued at 10 trillion rials ($74.34 million) were traded in the Iran Energy Exchange spot market in the last Persian month to June 20.
 

Plant Breaks Record in IPO

17 July 2019 Time: 20:02
Noori Petrochemical Plant, whose stocks were quoted in the Iranian stock market in its initial public offering (IPO), broke a new record as over 560,00 traders were involved in trading its shares on Saturday.
 

The board of directors in Gohar Zamin Iron Ore Company elected

8 July 2019 Time: 22:11
ME-METALS: The representatives of Gol Gohar Mining and Industrial Company, Mines and Metals Development Investment Company, Ghadir Investment, Omid Investment Group, and Sepah Investment Group, formed the five members of the Board of Directors at Gohar Zamin Iron Ore Company.
 

Continental Gold drills visible gold at Buriticá; stock at 9-month high

25 June 2019 Time: 20:05
Continental Gold Inc. (TSX:CNL) today announced assay results from initial exploration at its Buriticá project in Antioquia, Colombia. Visible gold was encountered in all four drill holes.
 

Official: Iran’s Insurance Industry Unaffected by Sanctions

5 December 2018 Time: 20:14
Director of the Central Insurance of Iran said the country’s insurance industry has successfully avoided being affected by the anti-Iran sanctions.
 

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.
 

Over $9b needed for completing semi-finished projects: industry min.

17 July 2019 Time: 20:19
Iranian Industry, Mining and Trade Minister Reza Rahmani said 390 trillion rials (nearly $9.3 billion) is required to finish unfinished projects with over 60 percent physical progress, Shata reported.
 

Iran to Earn $5bln by March from Energy Exports to Iraq

17 July 2019 Time: 19:58
Tehran will raise $5 billion revenues for its gas and electricity exports to neighboring Iraq by the end of the current local calendar year on March 20, 2020, said Secretary General of Iran-Iraq Joint Chamber of Commerce Seyed Hamid Hosseini on Tuesday.
 

Bangladesh: Importers Turn Active for Bulk Scrap Bookings

17 July 2019 Time: 12:09
In recent conversation with industry participants SteelMint learned that steel mills in Bangladesh have turned active for bulk bookings. It is learnt that 2 bulk cargos for ferrous scrap were booked recently from USA and Japan, to Bangladesh
 

Oil Minister: Sanctions Unable to Halt Iranian Crude Exports

18 July 2019 Time: 12:43
Iranian Oil Minister Bijan Namdar Zanganeh underlined that the US sanctions have failed to stop Iran's oil supplies to other countries.
 

Speaker: US Defeated in Oil Sanctions by Iran's Smart Moves

18 July 2019 Time: 12:11
Iranian Parliament Speaker Ali Larijani underlined the US failure to zero his country's oil exports, saying that Washington has been defeated by Iran's smart moves.
 

TCCIMA provides suggestions for amending budget bill

17 July 2019 Time: 20:28
Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Masoud Khansari on Tuesday outlined the chamber’s suggested changes for amending the country’s budget bill.
 

Over $9b needed for completing semi-finished projects: industry min.

17 July 2019 Time: 20:19
Iranian Industry, Mining and Trade Minister Reza Rahmani said 390 trillion rials (nearly $9.3 billion) is required to finish unfinished projects with over 60 percent physical progress, Shata reported.
 

Iran Allocates $2.4bln to Funding Small Enterprises

15 July 2019 Time: 22:52
Governor of the Central Bank of Iran Abdolnasser Hemmati said that Tehran is serious to support small and medium-sized enterprises (SMEs), adding that the government will fund SMEs with more than $2.4 billion by March 202
 

Should Iran private sector invest in failed Pakistan Steel Mills?

12 July 2019 Time: 22:43
Islamabad is studying plans to privatise its bankrupt steel maker. But, it needs over $100m and such huge investment is hard to come by in cash-stripped Pakistan. Iran Chamber Newsroom analyses if Iranian private steel makers should invest in PSM.
 

Iran Railroad Expansion: Accomplishments, Grand Plans

18 April 2018 Time: 17:13
In the last few years, Iran has demonstrated its strong political will to reemerge as a regional transportation hub.
 

Chinese Company to Supply 630 Cars for Tehran Subway

14 March 2018 Time: 22:45
China Railway Rolling Stock Corporation Changchun Railway Company (CRRC CRC) and Tehran Wagon Company have won the tender to build and supply 630 cars for Tehran’s Subway on Wednesday.
 

Hot Mix Asphalt Plant Established in Qazvin

14 March 2018 Time: 22:42
A hot mix asphalt production plant has been established in Qazvin Province’s Alamut region, Managing Director of Qazvin Roads and Urban Development Organization Masoud Haqlotfi said.
 

Caofeidian freezes seaborne coal customs declaration

16 July 2019 Time: 15:48
China's Caofeidian port in Tangshan, Hebei province, has put a freeze on customs declarations for all imported coal with effect from 16 July, stoking fears that similar restrictions will be placed on other north China ports.
 

Exports from Central Iranian Province Rise by 4%

15 July 2019 Time: 22:55
More than 225 million worth of non-oil commodities have been exported from the central Iranian province of Markazi in the first three months of the current local calendar year (March 21- June 21), which shows a year-on-year increase by 4%.
 

Oman Determined to Invest in Iran’s Chabahar Port

14 July 2019 Time: 23:56
Omani Minister of Transport and Communication Ahmed bin Mohamed al Fatisi said that his country is resolute to invest in Iran’s Southeastern port city of Chabahar to further expand maritime cooperation between Tehran and Oman.
 

Returning of Iran to JCPOA very easy: Jahangiri

17 July 2019 Time: 22:54
Iranian First-Vice President Es’haq Jahangiri said only a few hours would be enough for Iran to return to its commitments within the Joint Comprehensive Plan of Action (JCPOA), but European sides should ask U.S. to lift sanctions instead of calling Iran to stay committed to the deal.
 

148 new items added to imports blacklist

17 July 2019 Time: 20:30
Iranian Industry, Mining and Trade Minister Reza Rahmani said that the imports of 148 new commodities has been banned by the ministry to rise the number of such items to 1487, IRIB reported on Tuesday.
 

Armenia Mulling over Dumping Dollar in Trade with Iran

17 July 2019 Time: 20:14
Head of Iran-Armenia Joint Chamber of Commerce Hervic Yarijanyan said that Yerevan is working on plans to establish new trade relations with Tehran based on national currencies.
GEOLOGY
 

Old Nakhlak has become young!

25 May 2019 Time: 11:47
Me-Metals: Behrouz Borna; member of Iran Minerals Production and Supply Company (IMPASCO) board of directors said: Regarding high attention of IMPASCO to the exploration sectors and extensive exploration operations in some parts of country, we have been able to convert Lead mine of Nakhlak which didn’t have harvestable resources before and had been changed to old Nakhlak, to young Nakhlak through exploring new resources.
 

India: Karnataka Govt Invites Bid for 4 Iron Ore Blocks

22 May 2019 Time: 12:51
Department of Mines and Geology (Govt. of Karnataka) has floated the tender for auctioning of 4 iron ore blocks in Karnataka for its 4th phase.
 

Old Nakhlak has become young!

29 April 2019 Time: 12:34
ME-METALS – Behrouz Borna; member of Iran Minerals Production and Supply Company (IMPASCO) board of directors said: regarding high attention of IMPASCO to exploration sectors and extensive exploration operations in some parts of the country, we have been able to convert Lead mine of Nakhlak which didn’t have harvestable resources before and had been changed to old Nakhlak, to young Nakhlak through exploring new resources.
ENVIRONMENT
 

Mexico’s environmental authority investigates Grupo Mexico’s spill

15 July 2019 Time: 13:40
Mexico’s Federal Attorney for Environmental Protection or Profepa launched an investigation against Grupo Mexico following the failure of a pressure valve of a tank that receives purges from the shipping lines at the Maritime Terminal of Guaymas in the northwestern Sonora state.
 

NALCO’s bauxite mine bags Golden Peacock Environment Management Award 2019

14 July 2019 Time: 19:40
The bauxite mine of National Aluminium Company Ltd (NALCO), located in the picturesque Koraput district of Odisha, has bagged the coveted ‘Golden Peacock Environment Management Award’ for the year 2019 for setting global benchmarks in Environmental Management.
 

Chile to triple fines for environmental damages, infractions

14 July 2019 Time: 17:41
Chilean President Sebastian Piñera has submitted a series of modifications to a bill introduced earlier this year which would set stiffer fines and jail time for serious violations of the country’s environmental rules.
ENERGY
 

Oil Minister: Sanctions Unable to Halt Iranian Crude Exports

18 July 2019 Time: 12:43
Iranian Oil Minister Bijan Namdar Zanganeh underlined that the US sanctions have failed to stop Iran's oil supplies to other countries.
 

Speaker: US Defeated in Oil Sanctions by Iran's Smart Moves

18 July 2019 Time: 12:11
Iranian Parliament Speaker Ali Larijani underlined the US failure to zero his country's oil exports, saying that Washington has been defeated by Iran's smart moves.
 

Brent, WTI Regain Little Ground

18 July 2019 Time: 11:55
Oil prices on Wednesday regained little ground lost in the previous session, weighed down by industry data suggesting US crude inventories fell less than expected.
 

Iran to Earn $5bln by March from Energy Exports to Iraq

18 July 2019 Time: 13:05
Tehran will raise $5 billion revenues for its gas and electricity exports to neighboring Iraq by the end of the current local calendar year on March 20, 2020, said Secretary General of Iran-Iraq Joint Chamber of Commerce Seyed Hamid Hosseini on Tuesday.
 

Domestic Building of 4 South Pars Platforms Saves Iran $150m

18 July 2019 Time: 12:52
Iran has saved as much as 150 million dollars by domestically manufacturing 4 platforms belonging to the massive South Pars gas field.
 

Kuwait releases Iranian vessel after 10 months

15 July 2019 Time: 23:05
An Iranian vessel used in oil and gas industry which had been seized by Kuwait Coast Guard, was released on Sunday after 10 months.
 

China Grants More Crude Oil Import Quotas to Refiners

4 July 2019 Time: 15:54
China is allowing additional crude oil import quotas to predominantly private oil refiners in the world’s top oil importer, Reuters reported on Tuesday, citing a document it has seen.
 

Venezuela refinery runs shrink to 25pc: PdV data

2 October 2018 Time: 19:46
Venezuelan state-owned PdV utilized less than a quarter of the nameplate processing capacity at its main oil refineries in July, reflecting a shrinking pool of domestic feedstock and chronic equipment breakdowns.
 

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.
 

Equate lifts force majeure, restarts Kuwait SM unit

18 July 2019 Time: 14:43
Kuwait-based Equate Petrochemical, which operates Kuwaiti styrene producer TKSC, has restarted its 450,000 t/yr styrene monomer (SM) unit a week earlier than expected.
 

Plant Breaks Record in IPO

18 July 2019 Time: 12:58
Noori Petrochemical Plant, whose stocks were quoted in the Iranian stock market in its initial public offering (IPO), broke a new record as over 560,00 traders were involved in trading its shares on Saturday.
 

Domestic Building of 4 South Pars Platforms Saves Iran $150m

17 July 2019 Time: 20:05
Iran has saved as much as 150 million dollars by domestically manufacturing 4 platforms belonging to the massive South Pars gas field.
 

‘3000MW added to Iran’s power generation capacity since March’

17 July 2019 Time: 20:17
Some 3000 megawatts (MW) capacity of new power plants have been added to the country’s electricity network in the current Iranian calendar year (started on March 21) to supply the demands in the summer peak period, IRNA reported on Tuesday quoting an official with the energy ministry.
 

Rise in Electricity and Water Tariffs in Iran

6 April 2019 Time: 21:46
Aproposal by the Energy Ministry to raise water and electricity tariffs by 7% was ratified by the Cabinet. The new rates will go into effect on April 21, Barq News reported.
 

Water-Stressed Pakistan Looks for Donations to Build Dams

25 February 2019 Time: 13:21
As Pakistan faces worsening water scarcity - and trouble sourcing international cash for hydropower dams it says it needs - it has turned to an unlikely source of cash: A fundraising campaign backed by the country’s top court judges.
 

Iran to Earn $5bln by March from Energy Exports to Iraq

18 July 2019 Time: 13:05
Tehran will raise $5 billion revenues for its gas and electricity exports to neighboring Iraq by the end of the current local calendar year on March 20, 2020, said Secretary General of Iran-Iraq Joint Chamber of Commerce Seyed Hamid Hosseini on Tuesday.
 

‘3000MW added to Iran’s power generation capacity since March’

17 July 2019 Time: 20:17
Some 3000 megawatts (MW) capacity of new power plants have been added to the country’s electricity network in the current Iranian calendar year (started on March 21) to supply the demands in the summer peak period, IRNA reported on Tuesday quoting an official with the energy ministry.
 

Iran to Earn $5bln by March from Energy Exports to Iraq

16 July 2019 Time: 15:25
Tehran will raise $5 billion revenues for its gas and electricity exports to neighboring Iraq by the end of the current local calendar year on March 20, 2020, said Secretary General of Iran-Iraq Joint Chamber of Commerce Seyed Hamid Hosseini on Tuesday.
 

Other Parties Have Started Efforts to Save JCPOA: Iran

14 July 2019 Time: 19:19
Iranian Foreign Ministry Spokesman Seyed Abbas Mousavi said following the country’s moves to reduce commitments under the 2015 nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), the other parties have started efforts to save the accord.
 

Phasic reduction of nuclear commitments Iran’s unchangeable strategy: Shamkhani

12 July 2019 Time: 23:31
Secretary of Iran's Supreme National Security Council (SNSC), Ali Shamkhani said, Phasic reduction of nuclear commitments is the unchangeable strategy of Iran and the process will continue until Tehran’s rights within the Joint Comprehensive Plan of Action are totally fulfilled.
 

France, Iran Agree to Seek Conditions to Resume Talks: Macron

9 July 2019 Time: 20:33
French President Emmanuel Macron said he and Iran’s President Hassan Rouhani had agreed to seek conditions for a resumption of dialogue for de-escalation of tensions by July 15.
 

Researchers get A$1m to develop solar power system that works at night

15 July 2019 Time: 18:01
Researchers at Curtin University are working on a thermal battery that is part of the Concentrated Solar Power system being developed by United Sun Systems, which requires a battery to store and release energy to enable non-stop solar power generation.
 

China’s Fight Against Pollution to Generate Billions in Solar Income

14 July 2019 Time: 19:28
China’s efforts to reduce some of the world’s worst air pollution are having a bonus positive effect, as they are improving the country’s potential to generate solar power by allowing more sunlight to reach the surface of the planet in that part of the world.
 

Iran 90% self-sufficient in renewables equipment

12 July 2019 Time: 21:58
Head of Iran’s Renewable Energy and Energy Efficiency Organization (known as SATBA) said on Thursday that currently 90 percent of the equipment used in the country’s renewable power plants are manufactured inside the country.
 

Danish Firm Will Join Japan Offshore Wind Projects

21 January 2019 Time: 15:31
Tokyo Electric Power Company Holdings has signed a memorandum of understanding with Danish energy business Orsted to work together on offshore wind projects.
 

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.
 

Domestic Building of 4 South Pars Platforms Saves Iran $150m

17 July 2019 Time: 20:05
Iran has saved as much as 150 million dollars by domestically manufacturing 4 platforms belonging to the massive South Pars gas field.
 

TPO to dispatch trade delegation to Germany in mid-Oct.

15 July 2019 Time: 23:13
Iran’s Trade Promotion Organization (TPO) plans to dispatch a trade and marketing delegation to Germany in mid-October, the portal of the organization announced.
 

Kuwait releases Iranian vessel after 10 months

15 July 2019 Time: 23:05
An Iranian vessel used in oil and gas industry which had been seized by Kuwait Coast Guard, was released on Sunday after 10 months.
 

Iran to Earn $5bln by March from Energy Exports to Iraq

17 July 2019 Time: 19:58
Tehran will raise $5 billion revenues for its gas and electricity exports to neighboring Iraq by the end of the current local calendar year on March 20, 2020, said Secretary General of Iran-Iraq Joint Chamber of Commerce Seyed Hamid Hosseini on Tuesday.
 

Liberty Ostrava increases steel prices by €20/t

16 July 2019 Time: 15:30
UK-based steelmaker Liberty Steel has boosted offers by €20/t ($22.46/t) at its recently acquired Ostrava steelworks in the Czech Republic to offset raw material and energy cost increases, as it implements a 20pc production cut.
 

Iran to Earn $5bln by March from Energy Exports to Iraq

16 July 2019 Time: 15:25
Tehran will raise $5 billion revenues for its gas and electricity exports to neighboring Iraq by the end of the current local calendar year on March 20, 2020, said Secretary General of Iran-Iraq Joint Chamber of Commerce Seyed Hamid Hosseini on Tuesday.
Transportation
 

Iran, Oman to Expand Airport Cooperation

15 July 2019 Time: 23:01
An Iranian airline and an Omani holding company signed an agreemnt to increase bilateral relations and joint cooperation in airport services.
 

World’s Airlines Returning to Iran’s Airspace, Ignoring US Warnings

4 July 2019 Time: 18:46
The airlines that had rerouted their flights to keep away from Iranian skies after a NOTAM (notice to airmen) issued by the US are now returning to their conventional routes through Iran’s airspace as they are safer and more economical, Iran’s Airports Company (IAC) announced.
 

Iran’s Flag-Carrier Boasts Self-Sufficiency in Maintenance

2 July 2019 Time: 18:06
Director General of Iran Air Touraj Zangeneh said on Tuesday that his company has achieved self-sufficiency in repairing and maintaining its fleet, despite the US unilateral sanctions which have cut the flag-carrier’s access to parts and technical supports from original makers.
 

Australia: Iron Ore Exports Surge 18% in Q2 CY19

18 July 2019 Time: 21:02
Australia - world's largest iron ore exporter has recorded rise in iron ore shipment for second quarter CY19, according to the vessel line up data maintained with SteelMint. Australia's iron ore export shipments recorded at 222.49 MnT in Q2 CY'19, up 18% as compared to 187.91 MnT in Q1 CY'19.
 

Vietnam's Formosa Hikes HRC Price by USD 25 for September

18 July 2019 Time: 20:54
Vietnam’s domestic steel producer - Formosa Ha Tinh has today announced its monthly revision in its steel prices. The company has raised its HRC offers sharply by USD 25/MT for Sept shipments.
 

Rio Tinto Iron Ore Shipments in H1 CY19 Fall 8% Y-o-Y Amid Cyclone

17 July 2019 Time: 17:28
World's second largest iron ore miner- Rio Tinto's Pilbara depicted fall of 3% in iron ore shipment to 85.4 MnT in Q2 CY19 as against 88.5 MnT in Q2 CY18. The drop is attributed to fall in Apr’19 shipment due to recovery works following tropical cyclone Veronica in Mar’19. However, the shipment recorded significant rise of 24% as compared Q1 CY19 shipment at 69.1 MnT.
 

Iran to cooperate with Jordan in rail industry

15 July 2019 Time: 23:20
Islamic Republic of Iran Railways (known as RAI) is going to cooperate with Jordan Railway Corporation (JRC) for developing railway infrastructure in the country and providing technical-engineering services as well as manufacturing fleet wagons, Mehr news agency reported on Sunday.
 

Iran-Turkey Train Services Resume

25 June 2019 Time: 15:11
Apassenger train resumed a weekly service on Tehran-Tabriz-Van Railroad at 9:30 a.m. on Monday, after it was suspended for nearly four years.
 

Hebei Sitong New Metal Material Co., Ltd. becomes new Production & Transformation member of ASI

14 July 2019 Time: 19:50
Hebei Sitong New Metal Material Co., Ltd. has joined Aluminium Stewardship Initiative as a Production & Transformation member, ASI announced on Thursday, 11 July 2019. The company, founded in 1998, focuses on R&D, production and sales of functional intermediate alloy, new materials and aluminium alloy wheel lightweight in China.
 

Asia Logistics, Transportation Expo to Open in Tehran in December

14 July 2019 Time: 18:29
The Iranian capital city of Tehran will host The 4th edition of the Logistics, Transportation, and Related Industries Exhibition of Asia (Asia Logitrans Expo. 2019) from December 15 to 17, 2019.
 

Banking, transportation are main challenges in Iran-Malaysia trade

12 July 2019 Time: 21:53
Malaysian Ambassador to Iran Datuk Rustam Yahaya said banking relations and transportation are the main challenges facing Iran and Malaysia in the way of boosting economic relations, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.
Housing & Building
 

The Essentiality of the Development of the Industry of Paper Production from Stones

10 June 2019 Time: 23:30
Me-Metals: The executor of the sodium carbonate paper production plan of Aligoodarz emphasized the need in the development of paper production industry from stones in the country.
 

IDRO to Invest $18 Million in Stone Paper Factory Construction

28 January 2018 Time: 21:03
The Industrial Development and Renovation Organization of Iran will be investing in the construction of a stone paper factory in the city of Kharameh in the southwestern Fars Province with a production capacity of 20,000 tons per year.
 

Iran's Trade With Turkmenistan Tops $300m

29 January 2019 Time: 15:55
Iran traded $312 million worth of commodities with Turkmenistan during the 10 months to Jan. 20, according to Iran's commercial attaché to Turkmenistan.
 

Iran, Iraq in Talks to Ink Currency Swap Deal: Official

18 November 2018 Time: 18:51
Chairman of Iran-Iraq Chamber of Commerce Yahya Ale-Ishaq said the two countries are in negotiations to finalize a currency swap agreement in a bid to boost trade ties between the two neighboring countries.
 

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.
 

Construction Permits Decline in Q3

2 July 2019 Time: 16:43
The number of construction permits issued in Iran decreased during the third quarter of the last fiscal year that ended on Dec. 21, 2018, compared with the preceding quarter (ended Sept. 22, 2018), the Statistical Center of Iran's latest report showed.
 

MCC Raises Loan Ceiling for Rural Housing and Jobs

18 May 2019 Time: 14:41
The Money and Credit Council - a top financial decision-making body affiliated to the Central Bank of Iran - approved a decision Wednesday to raise the ceiling of loans allocated for renovating rural residential units and interest-free loans for job creation.
 

86% Rise in Tehran Home Prices

25 February 2019 Time: 13:27
The average price of each square meter of a residential unit in Tehran stood at 100.6 million rials ($76.8) in the 11th Iranian month (Jan. 21-Feb. 19), showing a 3% rise compared with the preceding month and an 86% increase compared with the same month of last year.
 

Iran to Provide Engineering Services for Dam Construction in Africa

28 January 2019 Time: 18:05
An Iranian firm will provide engineering consultancy services for the construction of a major dam on the Rufiji River in Tanzania, where the $3 billion project is expected to create the largest reservoir in East Africa and double the electricity supply of the country.
Sciences
 

MIDHCO received the silver trophy of the sixth conference on Iranian Mines and Mining Industries Productivity Award

20 June 2019 Time: 13:53
Me-Metals – The ceremony of the sixth conference on Iranian Mines and Mining Industries Productivity Award was held with the motto “productivity as the foundation of competiveness in the national economy” on 27 Khordad, 1398 (17 June 2019) by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) at the Eram Hotel in Tehran, Iran.
 

MSC wins award for management of innovation and technology

17 April 2019 Time: 11:08
A 6th edition of Iran National Award for Management of Innovation and Technology (IRAMIT) has handed its award for management of innovation and technology to Mobarakeh Steel Company (MSC).
 

Mobarakeh teachers have their own educational center, jointly built by MSC

17 April 2019 Time: 11:00
An education-welfare center for teachers was launched in Mobarakeh on Benevolence Day (March 5), with the education minister in attendance.
 

4 Nations Discuss Regional ICT Pact

18 July 2019 Time: 12:01
ICT ministers of Iran, Russia, Azerbaijan and Turkey discussed the creation of a regional pact on infomation and communications technology.
 

Elecomp 2019 Set to Curb Paper Consumption

9 July 2019 Time: 19:57
To outline plans for the 25th International Exhibition of Electronics, Computers and e-Commerce (Elecomp 2019), Iran IT Organization and the ICT Guild Organization held a conference in Tehran on Saturday.
 

Iranian Tech Firms to Participate in Hungary’s Telecom Exhibition

4 July 2019 Time: 16:25
Iranian knowledge-based companies will participate in International Telecommunications Union's Telecom World 2019 exhibition (known as ITU Telecom World 2019) taking place on Sept. 9-12 in Budapest, Hungary's capital.
 

Elecomp 2019 Set to Curb Paper Consumption

9 July 2019 Time: 19:57
To outline plans for the 25th International Exhibition of Electronics, Computers and e-Commerce (Elecomp 2019), Iran IT Organization and the ICT Guild Organization held a conference in Tehran on Saturday.
 

Minister: Iran, China United against US Unilateralism in IT Sector

30 June 2019 Time: 19:56
Iranian Minister of Communications and Information Technology Mohammad Javad Azari Jahromi described China as Iran's important partner in digital economy, and said both states are standing in the same front to confront the US unilateralism in the field of information technology (IT).
 

Cyber Police to Help Stop Ad Message Spammers

3 June 2019 Time: 23:12
Iranian Cyber Police will counter companies sending advertisements to mobile network subscribers, Communications Regulatory Authority announced.
 

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.
 

University study confirms porphyry systems at Jaxon’s BC project

14 July 2019 Time: 17:45
Quartz tourmaline breccia has been identified as indicative of porphyry systems at Jaxon Mining’s (TSXV: JAX) Red Springs project in western Canada.
 

Amirkabir University to Launch Tech Complex

18 May 2019 Time: 14:31
Tehran-based Amirkabir University of Technology plans to launch a technology complex in collaboration with the state-owned Bank of Industry and Mine.
 

Sharif University Wins ICPC Bronze Medal

8 April 2019 Time: 16:31
A computer programming team from Tehran’s Sharif University of Technology won a bronze medal during the 43rd round of the International Collegiate Programming Contest (ICPC 2019). The contest was held in Portugal from March 31-April 5.
 

Iranian Tech Firms to Participate in Hungary’s Telecom Exhibition

4 July 2019 Time: 16:25
Iranian knowledge-based companies will participate in International Telecommunications Union's Telecom World 2019 exhibition (known as ITU Telecom World 2019) taking place on Sept. 9-12 in Budapest, Hungary's capital.
 

Clampdown on Annoying Mobile Ad Senders Continues

8 April 2019 Time: 16:38
As part of moves to curb unwanted and annoying text message ads, Iran’s Communications Regulatory Authority has blocked about 120,000 mobile phone numbers since November 2017, when an automated monitoring system came into effect.
 

Student Robotic Contest in Tehran

2 March 2019 Time: 19:24
Anational student robotic contest Roboticup 2019 opened Thursday at the Tehran University with the participation of more than a thousand elementary and high school students.
Scrap & Recycling
 

Pakistan: Imported Scrap Prices Fall USD 10 in Recent Deals

17 July 2019 Time: 17:09
SteelMint learned in recent conversations with industry participants that imported scrap offers to Pakistan have sharply declined over the last week on softening of prices globally, while trades in good volumes were concluded at favorable prices, with buyers taking advantage of India’s continued absence in the market.
 

Bangladesh: Importers Turn Active for Bulk Scrap Bookings

17 July 2019 Time: 12:09
In recent conversation with industry participants SteelMint learned that steel mills in Bangladesh have turned active for bulk bookings. It is learnt that 2 bulk cargos for ferrous scrap were booked recently from USA and Japan, to Bangladesh
 

Global Billet Market Overview: Week 28, 2019

17 July 2019 Time: 12:03
The global billet market remained sluggish this week, as Turkish imported scrap prices have witnessed a drop amid limited deals. However market remained abuzz with recent billet bookings by China from Iran and Qatar made in last couple of weeks.
METALLURGY
 

DGH Sand Casting wins NEWCAST Award 2019

18 July 2019 Time: 13:40
DGH Sand Casting – E-housing with optimal function integration, possible with sandcasting
 

Bühler’s Digital Cell is a step change for the die- casting industry

18 July 2019 Time: 13:36
Digital solutions and a comprehensive approach to die casting significantly boosts productivity
 

Forecast for the global Foundry Industry

16 July 2019 Time: 14:48
Lower growth rates, geopolitical disturbances and risks
 

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.
 

India: Imported Manganese Ore Prices Rises on Shortage at Chinese Ports

17 July 2019 Time: 17:24
Seaborne Manganese Ore prices raised amid shortage of material at Chinese Ports. South African Carbonate Ores price was raised last week and this week Australian and Gabonese Ores followed the suit. However, the sudden increase in the global freight rates have decreased margins on Manganese Ore Shipments.
 

Liberty Ostrava increases steel prices by €20/t

16 July 2019 Time: 15:30
UK-based steelmaker Liberty Steel has boosted offers by €20/t ($22.46/t) at its recently acquired Ostrava steelworks in the Czech Republic to offset raw material and energy cost increases, as it implements a 20pc production cut.
 

Bass eyes higher graphite sales in September quarter

15 July 2019 Time: 20:07
Perth-based graphite developer Bass Metals expects to increase its graphite sales by around 30pc in the September quarter, after they rose by 94pc in the June quarter.
 

Primetals Technologies pleased to announce 150th order in the last ten years for continuous caster process optimization

7 July 2019 Time: 23:12
One of China's largest steel producers recently awarded Primetals Technologies an order to optimize the processes of one of its continuous casters. This meant that the leading supplier of automation systems in the metallurgical industry celebrated its 150th order in the last ten years alone for process automation systems (Level 2) in continuous casting.
 

SMS group brings the future of metallurgical plant construction to life at METEC 2019 in Düsseldorf and invites visitors to exchange ideas

24 June 2019 Time: 23:58
SMS group, world market leader in plant construction and mechanical engineering for the steel and nonferrous metals industry, will be exhibiting as the “Leading Partner in the World of Metalsˮ at METEC 2019, the international trade fair for metallurgy, at Stand E22 in Hall 5. The event takes place from 25 June to 28 June 2019 in Düsseldorf under the motto “The Bright World of Metalsˮ.
 

Tata Steel Ltd. places order with SMS group for upgrade of CSP® continuous caster

24 June 2019 Time: 23:53
Tata Steel Ltd., India, has awarded SMS group the contract to upgrade its CSP® continuous caster at its plant in Jamshedpur.
 

Pet Coke Import Offers Fall; Domestic Prices Remain Firm in India

9 November 2018 Time: 17:58
Import prices of petroleum coke have decreased substantially over the month, though India’s domestically produced pet coke prices have continued to remain unchanged from the rates that prevailed since the start of this month.
 

Metallurgy exceeds expectations and should generate $350 million in business

28 September 2018 Time: 11:47
The atmosphere of satisfaction was general among the 120 expositor brands of Metallurgy 2018 - Fair and International Congress of Technology for Foundry, Steel, Forging, Aluminum and Services [Feira e Congresso Internacional de Tecnologia para Fundição, Siderurgia, Forjaria, Alumínio e Serviços], held from September 18 to 21, in Joinville, SC.
 

IN - Tata Motors closes gap with Mahindra for 3rd biggest PV maker in India

24 September 2018 Time: 21:24
Tata Motors is narrowing the gap with homegrown rival Mahindra & Mahindra (M&M) to challenge the position of third biggest passenger vehicle maker in India by sales.
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