NEWS
IRON and STEEL
 

India: Bulk Pig Iron Export Volumes Halve in FY'19

20 April 2019 Time: 14:29
According to customs data maintained with SteelMint, bulk Indian pig iron export volumes have come down sharply by 50% in FY19. India has exported 221,260 MT pig iron in FY’19 as against 446,250 MT in FY’18. In the month of March pig iron exports from India recorded at 50,000 MT against nil from the previous month.
 

Chinese Steel Market Highlights - Week 15, 2019

20 April 2019 Time: 14:17
This week Chinese steel prices witnessed significant increase in domestic market following hike in iron ore prices fueled by limited supply in global market.Also strong futures, improved domestic demand along with higher profit margins lead to uptrend in Chinese steel prices.
 

Russia: MMK Steel Doubled Steel Shipments to Vietnam in CY18

20 April 2019 Time: 14:09
As per sources, one of the world's largest steel producer and a leading Russian metal company Magnitogorsk Iron and Steel (MMK) has doubled its metal shipments to Vietnam in CY18 as compared to CY17.
 

Indian Steel Market Weekly Snapshot

20 April 2019 Time: 14:01
Indian Steel industry observed average inquiries during the Week-15 (9th to 13th Apr) owing to election mood in the country. In context to supply scenario, the production of Semis & Finished steel products more or less on same proportion, this led to volatility in prices.
 

Global Ferrous Scrap Market Overview - Week 15, 2019

20 April 2019 Time: 13:45
Major global scrap markets observed price correction on weak demand globally. Turkish steel mills booked cargoes at lowered prices amid subdued steel demand. Japan's monthly Kanto tender for Apr'19 fetched bids lower by USD 15 against last month.
 

MSC transport fleet used to send popular aid to flood-stricken areas in Lorestan Province

17 April 2019 Time: 15:53
After heavy floods hit Golestan and Lorestan provinces, managers and staff members of Mobarakeh Steel Company (MSC) joined people from across the country and dispatched aid, cash and in kind, to the stricken areas in the northeast and west of the country.
NON-FERROUS
 

Indian Govt Initiates Anti Dumping Investigation on Imports of Galvalume Steel Products

8 April 2019 Time: 13:56
Indian govt has 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.
 

Production of Jajarm’s First Aluminum Ingot

19 March 2019 Time: 00:45
First Aluminum ingot of Jajarm Aluminum Plant produced, Chairman of the board of IMIDRO announced.
 

'Zombie' enterprises hampering China's economic transformation – Chinalco

12 March 2019 Time: 17:49
China's "zombie" enterprises are impeding the country's economic transformation, said the country's biggest state aluminium producer, even though thousands of such unprofitable and indebted state-owned firms have been eliminated.
 

Trump touts aluminum-cost drop, but Americans still pay more

9 March 2019 Time: 21:14
President Donald Trump took a victory lap on Twitter Friday, saying aluminum prices are down about 12% since his tariffs were implemented.
 

First VP: US Fails in Metal Sanctions on Iran

9 March 2019 Time: 18:20
Iranian First Vice-President Eshaq Jahangiri underlined Washington's failure in sanctions against Iran's metal industries.
 

Canada aluminium exports to EU to rise further in 2019

9 March 2019 Time: 00:34
Canadian aluminium exports to Europe rose sharply in 2018 and are expected to increase further this year if the Section 232 tariff imposed by the US is not lifted.
 

Copper Cathode production Rises 15%

17 April 2019 Time: 10:31
Copper cathode production of National Iranian Copper Industries Company (NICICO) reached 247,000 tons during last Iranian year (ended March 20,2019), indicating a 15 percent growth compared with the corresponding period of the previous year.
 

SQM to acquire 80% interest in Revelo's copper projects in Chile

12 April 2019 Time: 20:35
Revelo Resources (TSXV: RVL) and Sociedad Química y Minera de Chile (NYSE: SQM) signed this week an exploration option agreement under which the latter can acquire up to an 80% interest in Calvario and Mirador, two of Revelo's copper-focused projects in northern Chile.
 

Antofagasta to decide on $3B Centinela mine expansion by 2021

12 April 2019 Time: 20:27
Chilean copper miner Antofagasta Plc (LON:ANTO) will make a decision about going ahead with a $3B expansion of its Centinela mine, located in the country’s north, by the end of next year or in 2021.
 

From turbines to thermostats: copper miners eye high-tech demand

11 April 2019 Time: 17:12
Growing demand for smart thermostats, wind turbines and other high-tech devices is expected to keep copper the dominant material used in electrical components, industry players said, offsetting rising use of aluminum, a cheaper alternative to conduct electricity.
 

Revitalizing its copper mines may not be sufficient to keep Chile at the fore

11 April 2019 Time: 17:04
Codelco and other copper mining giants are set to plow billions of dollars into the revitalization of Chile's mines, but that may not be enough to keep the country from losing ground to competitors elsewhere in the world.
 

SolGold scores again at Cascabel project

11 April 2019 Time: 15:05
Ecuador-focused miner SolGold (LON, TSX:SOLG) said drilling at its Cascabel copper-gold project in the country’s north has revealed previously unknown mineralization, further increasing the size of one of the biggest copper discoveries of recent years.
 

Global silver demand up 4% in 2018

12 April 2019 Time: 15:34
The Silver Institute has released a report saying global silver demand rose 4% – to 1.03 billion oz. – in 2018. This is the first time since 2015 that demand has risen year-over-year.
 

Indian Govt Initiates Anti Dumping Investigation on Imports of Galvalume Steel Products

8 April 2019 Time: 13:56
Indian govt has 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.
 

Stunning footage of Australia copper, lead, zinc train derailment

28 February 2019 Time: 15:10
Queensland Rail had stowed a train carrying copper, lead and zinc concentrate from Glencore's operations in the Australian state on 31 January as a precautionary measure.
 

Thirty-year-old inactive mine to host Australia’s first clean energy storage facility of its kind

17 February 2019 Time: 20:37
The Angas zinc mine, just outside Adelaide and currently under care and maintenance, is about to become the site of 5 MW advanced compressed air energy storage or A-CAES project which will provide synchronous inertia, load shifting and frequency regulation to the area's electrical grid.
 

Lead production expected to grow in 2019 – report

4 February 2019 Time: 17:27
A study by Wood Mackenzie forecasts that global lead production, excluding that of China, will increase in 2019 by about 250 kt, which is equivalent to over 10% of current output.
 

Iran Develops New Technology to Process Lead, Zinc Ores

21 January 2019 Time: 16:05
Iranian experts developed a new technology to process lead and zinc ores, using pyrometallurgy method.
 

Mountain Province stock takes off on 74% diamond resource increase

12 April 2019 Time: 15:45
Shares of Mountain Province Diamonds Inc. (TSX and NASDAQ: MPVD) surged on Thursday after releasing its latest mineral resource estimates at the Faraday 2 kimberlite, located within the Kennady North Project, NWT, Canada. The stock rebounded by more than 12% at the open in Toronto, lifting the company's market capitalization to over C$256 million.
 

Global silver demand up 4% in 2018

12 April 2019 Time: 15:34
The Silver Institute has released a report saying global silver demand rose 4% – to 1.03 billion oz. – in 2018. This is the first time since 2015 that demand has risen year-over-year.
 

Newmont shareholders overwhelmingly approve $10B Goldcorp takeover, creating world’s top gold miner

12 April 2019 Time: 15:08
Shareholders in US gold giant Newmont Mining (NYSE:NEM) have almost unanimously approved the miner’s proposed $10B takeover of Canada’s Goldcorp (TSX:G) (NYSE:GG), a deal that creates the world’s largest gold producer by market value, output and reserves, robbing Barrick of its recently cemented supremacy.
 

Newmont bondholder revolt may put Barrick on hook for debt

11 April 2019 Time: 16:56
Barrick Gold Corp. could find itself partially liable for $600 million in additional debt, if some Newmont Mining Corp. bondholders have their way.
 

Vancouver junior gold exec fined for false statements about Pascua Lama

11 April 2019 Time: 16:33
The president and CEO of Vancouver-based Mountainstar Gold has been slapped with a C$150,000 penalty by the British Columbia Securities Commission (BCSC) for making “false or misleading statements” regarding the Pascua Lama gold deposit in Chile.
 

SolGold scores again at Cascabel project

11 April 2019 Time: 15:05
Ecuador-focused miner SolGold (LON, TSX:SOLG) said drilling at its Cascabel copper-gold project in the country’s north has revealed previously unknown mineralization, further increasing the size of one of the biggest copper discoveries of recent years.
 

Nickel shortage in view unless China-led projects in Indonesia succeed — analysts

12 April 2019 Time: 15:49
The global nickel market and its key growth sector, electric vehicle (EV) batteries, will face grave supply shortages unless key Chinese-led projects in Indonesia start up in a timely and cost-effective manner, analysts said on Thursday.
 

Tianqi agrees truce in battle over Chilean lithium miner SQM

12 April 2019 Time: 14:56
Santiago – China's Tianqi Lithium Corp has come to an agreement over the governance of Chilean miner SQM with key shareholder Pampa Group, easing away from hostilities over control of the world's second-biggest producer of lithium.
 

Cobalt, uranium and silver prices expected to rally in 2019

12 April 2019 Time: 14:31
A new report by FocusEconomics on the prospects of commodities this year and next paints a mixed picture. The survey of investment banks, institutions and research houses compiled by the Barcelona-based company has good news for long-suffering investors in uranium and silver
 

First Cobalt targets Canada plant restart within 2 years — CEO

11 April 2019 Time: 14:37
First Cobalt Corp aims to restart an idled cobalt refinery in Canada within two years and is in talks to supply the battery-grade product to four leading automakers, chief executive Trent Mell said on Wednesday.
 

Don't bet on platinum miners boosting supply on price surge

10 April 2019 Time: 09:23
The recent jump in platinum-group metals prices is boosting miners’ profits, but that doesn’t mean they are likely to increase supply anytime soon, according to the world’s No. 1 producer.
 

Indian Ferro Chrome Prices Resurges Amid Improved Chinese Market Conditions

8 April 2019 Time: 08:28
Indian Ferro Chrome prices increased amid improved global market conditions. In China, there is decrease in VAT rates – from 16% to 13% which would have been effective from 1st Apr’19, but the notification is still awaited.
MINERALS
 

Chinese Steel Market Highlights - Week 15, 2019

20 April 2019 Time: 14:17
This week Chinese steel prices witnessed significant increase in domestic market following hike in iron ore prices fueled by limited supply in global market.Also strong futures, improved domestic demand along with higher profit margins lead to uptrend in Chinese steel prices.
 

South Africa: Iron Ore Exports Down 21% in Feb’19

20 April 2019 Time: 14:13
South Africa iron ore exports down 21% in Feb'19: South African iron ore exports in Feb'19 recorded at 5.53 MnT, down 21% as against 7.05 MnT in Jan'19. As per sources, the exports dropped amidst Saldanha port maintenance in Feb'19.On yearly basis, the exports increased marginally as compared to 5.25 MnT in Feb'18.
 

Global Iron Ore & Pellet Import Market Scenario in 2018

11 April 2019 Time: 17:27
The total iron ore & pellet imports in CY18 witnessed at 1,342 MnT. Amongst the major importing countries include China, Japan, India, South Korea, and Bahrain.
 

Iron ore price rally could give BHP, Rio Tinto 30% earnings boost

11 April 2019 Time: 16:48
Spot iron ore prices rose from $75 per tonne to $95 per tonne in the weeks following the Brumadinho dam disaster at Vale’s (NYSE: VALE) Feijao iron ore mine in Brazil, before settling in at about $85 per tonne, according to the latest research on the global iron ore market by the Macquarie Group.
 

Indian Iron Ore Exports May Hit 5 MnT in Q1 FY20

11 April 2019 Time: 10:23
Iron ore exports from India may hit 5 million tonnes (MnT) in Q1 FY20 on high demand for low grade from China, according to SteelMint analysis.
 

How Much Iron Ore Supply Disruption is Expected in CY19 - SteelMint Analysis

11 April 2019 Time: 09:38
As per SteelMint analysis, amidst the disruption and additions by global iron ore producers and exporters, the iron ore market for the year is expected to witness a shift against market demand and supply in CY18.
 

Indian Steel Market Weekly Snapshot

20 April 2019 Time: 14:01
Indian Steel industry observed average inquiries during the Week-15 (9th to 13th Apr) owing to election mood in the country. In context to supply scenario, the production of Semis & Finished steel products more or less on same proportion, this led to volatility in prices.
 

Canadian Raw Material Exports Fell in Jan'19

12 April 2019 Time: 16:17
Trade statistics released by Canada custom shows that the iron ore exports by the country recorded at 3.19 MnT in Jan'19. The exports dropped 7 month low in Jan'19, as it was last seen in Jun'18 at 2 MnT. The exports depicted fall of 35% as compared to Dec'18 exports at 4.9 MnT.
 

Coal's collapse crowns winners and losers from China to the US

12 April 2019 Time: 15:38
It’s been a stormy month for benchmark coal prices in Asia, with the potential for reverberations across the globe.
 

ICI 4 coal derivatives trade picks up

10 April 2019 Time: 22:15
Activity in the ICI 4 derivatives market increased again today after a relatively slow start to the month last week, with another 25,000t cleared on the CME after 20,000t traded yesterday.
 

Indian Steel Market Weekly Snapshot

4 April 2019 Time: 20:43
During the Week-13 (25-30th Mar’19), Indian spot steel trades remained weak as participants were engaged to settle their accounts amid closing of fiscal year. Inline with supply, it was more or less average, this has resulted slight fall in prices.
 

Daily Update: Indian Sponge & Billet Market

4 April 2019 Time: 14:39
Spot steel trades improved gradually today and the prices recovered in major markets. Towards the beginning of day, the prices fell by INR 200-300/MT, although by the end of day it moved up by INR 300-500/MT in major markets.
 

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.
 

Minerals entity dedicated to Services in the Middle East

6 January 2019 Time: 06:54
Within Fives, the Cement | Minerals Business Line recently set up a new operational entity in the Middle East to support customers with services and technical assistance.
 

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.
 

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.
 

Danieli Automation HiPAC implementation at Dongjixing Machinery Co. Ltd, China

7 November 2018 Time: 21:04
Only 7 days to replace and improve the cold reversing mill automation process control
 

Outotec outsourced some project engineering activities to Citec

18 April 2018 Time: 23:56
Outotec has finalized the negotiations with employee representatives announced on October 26, 2017 to outsource its German-based project engineering function to Citec. As a result of the negotiations, 59 Outotec employees have transferred to Citec as of April 1, 2018.
 

BHP beats Tesla, BMW among top holdings in new electric vehicle ETF

18 April 2018 Time: 23:29
The accelerating adoption of electric vehicles and energy storage technologies has been attracting new investors into the mining industry as demand for battery materials spike.
 

Esfordi Phosphate Output Up 48%

17 April 2019 Time: 10:46
Esfordi Phosphate Industrial & Mineral Complex’s production during the last Iranian year (ended 20 March 2019), up 48% YOY.
 

IMIDRO Released Annual Report 2017-18

17 April 2019 Time: 10:35
The report consists of 5 chapters including IMIDRO at a glance, projects, performance, CSR & HSE and audit and financial statements.
 

Gran Colombia to use machine learning at Segovia operation

12 April 2019 Time: 20:41
GoldSpot Discoveries (TSXV: SPOT) and Gran Colombia Gold (TSX: GCM) announced that they have established a partnership to use machine learning to identify new drilling targets at the Segovia operation located in the Segovia-Remedios mining district of Antioquia, northwestern Colombia.
 

Antofagasta to decide on $3B Centinela mine expansion by 2021

12 April 2019 Time: 20:27
Chilean copper miner Antofagasta Plc (LON:ANTO) will make a decision about going ahead with a $3B expansion of its Centinela mine, located in the country’s north, by the end of next year or in 2021.
 

Mosaic suspends phosphate mines in Brazil after new rules for dams

12 April 2019 Time: 15:26
The Mosaic Company, a Brazilian fertilizer maker, said on Thursday it will suspend production at its phosphate mines of Tapira and Catalão after failing to obtain a deadline extension in order to provide stability certification for three of its tailings dams.
 

Asia’s mining sector offsets risk with reward — report

12 April 2019 Time: 14:47
Asia's mining sector continues to hold the greatest rewards globally, with positive business environments, rich mineral deposits, supportive infrastructure and political stability in countries holding the top positions in Fitch Solutions' Asia Mining Risk/Reward Index.
Auto
 

Australia to host battery research centre

12 April 2019 Time: 15:54
Australia's Federal Minister for Industry, Science and Technology, Karen Andrews, announced the approval of a Future Battery Industries Cooperative Research Centre (CRC) at Curtin University in Perth. Andrews also said her office will commit A$25 million in funding.
 

Nickel shortage in view unless China-led projects in Indonesia succeed — analysts

12 April 2019 Time: 15:49
The global nickel market and its key growth sector, electric vehicle (EV) batteries, will face grave supply shortages unless key Chinese-led projects in Indonesia start up in a timely and cost-effective manner, analysts said on Thursday.
 

First Cobalt targets Canada plant restart within 2 years — CEO

11 April 2019 Time: 14:37
First Cobalt Corp aims to restart an idled cobalt refinery in Canada within two years and is in talks to supply the battery-grade product to four leading automakers, chief executive Trent Mell said on Wednesday.
 

First bikes, then cars, now diggers as batteries' reach spreads

9 April 2019 Time: 15:00
Komatsu Ltd. has developed its first battery-powered digger as it follows the auto industry in transitioning away from combustion engines.
 

Europe aims to take its place on the global EV battery production stage

30 March 2019 Time: 12:32
The European Commission is eyeing opportunities within the EU’s minerals and mining sector, and has put forward, in its Strategic Action Plan (SAP) on batteries, a comprehensive set of targeted measures to make Europe a global leader in sustainable battery production and use.
 

Scientists find new way to power electric cars using cobalt

25 March 2019 Time: 14:48
Researchers at the University of Massachusetts Lowell developed a technique that uses only water, carbon dioxide and cobalt metal particles that have surface nanostructures measuring billionths of a meter in size, to produce hydrogen on demand at relatively low temperature and pressure and to use to power the next generation of electric vehicles.
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.
 

Trading over 313 thousand tonnes of various commodities on IME

19 November 2018 Time: 10:02
During weekdays ending up to November 15, approximately, 313,321 MT of commodities worth over $357 million were traded in Iran Mercantile Exchange.
 

IME Plans to Trade in Domestic Iron Ore Pellet, Concentrate

3 March 2018 Time: 21:15
Iran Mercantile Exchange plans to start trading in domestically produced iron ore pellet and concentrate, IME Managing Director Hamed Soltani-Nejad said on Monday.
 

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).
 

Gold stocks still marching

8 April 2019 Time: 17:25
The gold miners’ stocks are still marching, grinding higher on balance in a solid upleg. While interest in this sector has faded since late February, it is nicely set up for a strong rally. After consolidating high and establishing a sturdy base, the gold miners are likely to soon report greatly-improved first-quarter results. Couple that with gold itself powering higher, and the slumbering gold stocks should surge substantially.
 

LME launches seven new contracts to try to boost volumes, profit

12 March 2019 Time: 17:58
The London Metal Exchange (LME) is launching seven new cash-settled futures contracts on Monday, including hot-rolled coil (HRC) steel, alumina and cobalt, aiming to attract more business after profits fell last year.
 

The greatest capital increase in the history of stock exchange / Mobarakeh Steel Co. (MSC) still excelling at stock exchange

10 March 2019 Time: 14:59
Me-Metals – Bahman Ayyar Rezaei – an experienced member of the board of directors of Isfahan’s Mobarakeh Steel Co. (MSC) stated: Mobarakeh Steel Co. (MSC) with 130,000 Billion rials capital, multiplied distance from the second company in stock exchange.
 

Brazil securities regulator probes Vale’s filings on dam collapse

29 January 2019 Time: 16:50
The Brazilian Securities and Exchange Commission (CVM) has launched a probe into mining giant Vale SA's filings related to the mining dam collapse in the town of Brumadinho, where the collapse of a dam at the company’s Córrego do Feijão mining complex on Friday killed at least 60, while more than 300 missing people are feared dead.
 

Iran to Sell Oil via Stock Exchange for 3rd Time

21 January 2019 Time: 15:50
The third stage of a plan to sell Iranian oil through the stock exchange will kick off this week, the oil minister said.
 

BHP, Rio, Vale stock bested Apple, Google, Facebook in 2018

28 December 2018 Time: 06:29
After a strong start to 2018, the value of the world’s largest mining stocks began turning down well before summer as worries about a China–US trade war continued to mount.
 

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.
 

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.
 

Lynas board turns down $1.1B Wesfarmers bid

11 April 2019 Time: 14:32
Australian rare earths miner Lynas Corp (ASX: LYC) said Wednesday its board has rejected a A$1.5bn (about $1.1B) takeover proposal from Australian retail and industrial conglomerate Wesfarmers.
 

Established companies and start-ups Stronger together: Digitisation is dematerialisation

23 March 2019 Time: 17:55
Established companies offer the greatest potential for digital transformation. However, traditional industrial companies are too focused in the concentration of their digitisation strategy on optimisation of the processes used in their existing business.
 

Amnesty accuses electric vehicles makers of using unethically sourced minerals

21 March 2019 Time: 21:27
Human rights advocate Amnesty International has accused the electric vehicle (EV) industry of selling itself as environmentally friendly while most of the batteries they produce use polluting fossil fuels and unethically sourced minerals.
 

Erdogan: Turkey Ready to Launch Own SPV for Iran

16 February 2019 Time: 19:04
Turkish President Recep Tayyip Erdogan said his country is "ready" to set up its own trade mechanism with Iran, allowing companies from the two neighboring countries to continue with their "legitimate" business amid the hostile US sanctions.
 

Iran-Singapore Commercial Committee Established

12 February 2019 Time: 20:07
Iran-Singapore Commercial Committee was officially established on Wednesday, the deputy head of Iran Chamber of Commerce, Industries, Mines and Agriculture for international affairs said.
 

Iran, Australia to Further Develop Industrial Ties

27 January 2019 Time: 18:35
Tehran and Canberra are determined to further increase industrial cooperation as representatives from the two countries signed an agreement in Tehran.
 

CBI Governor: Hostile Move against IRGC Indicates US Desperation in Anti-Iran Measures

9 April 2019 Time: 14:33
Governor of the Central Bank of Iran (CBI) Abdol Nasser Hemmati underlined that the US designation of the Islamic Revolution Guards Corps (IRGC) as a "terrorist organization" shows its failure in anti-Iran economic pressures and policies.
 

World Bank Downgrades Iran's Growth Estimates, Forecasts

8 April 2019 Time: 16:20
The World Bank has downgraded Iran's economic growth estimates and forecasts in a new report.
 

Tehran, Baghdad to Further Increase Banking Ties

7 April 2019 Time: 19:40
Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati, on the sidelines of his Sunday meeting with Iraqi Finance Minister Fuad Mohammed Hussein, said that banking relations between Tehran and Baghdad will be eased to lubricate transactions between the two countries’ businessmen.
 

CBI Chief Warns of Enemy Plots to Disrupt Iran’s Foreign Exchange Market

7 April 2019 Time: 18:37
Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said enemies have hatched secret plots to hit the country’s foreign exchange market, calling for more efforts to foil the conspiracies.
 

UniCredit Near $900m Deal With US Over Iran Sanctions

6 April 2019 Time: 22:23
UniCredit SpA is nearing an agreement with US authorities over allegations that the bank provided dollar-clearing services to Iranian clients in violation of US sanctions, people with the knowledge of the matter said.
 

US targets banks after Venezuela arrests Guiado aide

23 March 2019 Time: 18:51
The US administration today imposed sanctions on Venezuelan state-owned National Development Bank (Bandes) and other financial institutions to protest the arrest yesterday of a top aide to Juan Guaidó, whom Washington recognizes as the country's interim leader.
 

JSW Steel’s Plans to Invest in U.S. and India amid Steel Sector Revival

11 November 2018 Time: 02:22
According to the latest reports, Indian steel major, JSW Steel is all set to invest USD 150 million (amounting INR 1,000 crore) in the first phase to set up a new steel facility in Texas, U.S.
 

China Financing $5B in Iran Mine and Mining Industries Sector

16 August 2018 Time: 01:31
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.
 

Private capital flowing into mining on track for record year

11 April 2018 Time: 01:16
Those worried that the positive momentum in the mining and metals sector is beginning to wane after two years of strong gains may find encouragement from a new survey by private capital tracker Preqin.
 

Qatari Port Authority in Iran to Expand Relations

11 April 2018 Time: 00:34
A delegation of high-ranking officials from Qatar’s Ministry of Transport and Communications as well as Qatar Ports Management Company arrived in Tehran on Monday to survey avenues of expanding cooperation and increasing bilateral trade with their Iranian counterparts.
 

China Leads Worldwide Renewable Investment With $126b

9 April 2018 Time: 01:04
China invested a total of $126.6 billion in renewable energy in 2017, the highest figure ever and accounting for 45% of global green energy investment, the "Global Trends in Renewable Energy Investment 2018" report showed.
 

Foreign Investment Trickles Into Iran’s Capital Market

10 March 2018 Time: 22:41
Total capitalization of Iran's capital market, including equity and fixed-income, is currently standing at around $130 billion.
 

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.
 

Narrowing Budget Deficit Ups Development Spending by 70%

11 April 2018 Time: 00:29
Iran's government spent 316.3 trillion rials ($5.27 billion) on development projects in the first 11 months of the last fiscal year (March 21, 2017-Feb. 19), 70.1% more than the similar period of the year before.
 

$41m in Securities Sold to Finance Iran's Rail Project

20 March 2018 Time: 09:59
The Economy Ministry sold 2 trillion rials ($41.6 million) of Islamic bonds on Iran Fara Bourse on Sunday to finance the establishment of a railroad connecting three major cities.
 

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.
 

China Steps Up Rail Cooperation With Iran

10 March 2018 Time: 22:30
In line with its ambitious railroad expansion plans stipulated in Iran's Sixth Five-Year Development Plan (2017-22), the Iranian government is strengthening its cooperation with China.
 

Wagon Pars Built 297 Passenger, Freight Cars Last Year

11 April 2019 Time: 14:20
Iranian rolling stock manufacturer, Wagon Pars Company, built 290 freight and seven passenger wagons in the last Iranian year (March 2018-19) at a cost of 812 billion rials ($6 million), the company’s CEO said.
 

India’s state copper miner plans $800m expansion

10 April 2019 Time: 09:09
Indian state copper miner Hindustan Copper is in the initial stages of an $800 million expansion program, Resources Monitor reported Tuesday.
 

11% Decline in Norouz Road Trips

10 April 2019 Time: 08:34
During the extended Norouz holidays (March 16-April 6), more than 7.37 million passengers took to public road transportation to make 705,173 trips, Iran Road Maintenance and Transportation Organization reported.
 

Australian Iron Ore Exports Fell Sharply in Q1 CY19 Amidst Weather Disruption

9 April 2019 Time: 15:34
Australia - world's largest iron ore exporter has recorded drop in iron ore shipment for Q1 CY19, according to the vessel line up data maintained with SteelMint.
 

NASA Approves Extension of Boeing Starliner Commercial Crew Test Flight

8 April 2019 Time: 16:25
Aday after Boeing confirmed delays in test flights of its commercial crew vehicle, NASA said that the company's crewed test flight will get an extended stay at the station when it does fly.
 

First VP: Iran to Connect Persian Gulf to Syria, Mediterranean

7 April 2019 Time: 18:41
Iranian First Vice-President Eshaq Jahangiri underlined his country's determination to build roads and railways to link the Persian Gulf states to Syria and the Mediterranean region.
GEOLOGY
 

Dust samples from asteroid could help understand origin of precious minerals

25 February 2019 Time: 18:05
Scientists at the Japan Aerospace Exploration Agency or JAXA reported this week that the Hayabusa2 spacecraft touched down on the asteroid Ryugu and will start collecting samples of the dust in its surface.
 

Trilogy Metals, South32 increase exploration budget for Alaska projects

8 February 2019 Time: 19:07
Canada’s Trilogy Metals (TSX, NYSE: TMQ) is upping the exploration budget for its projects in Northwest Alaska, after its partner Australia’s South32 (ASX, LON:S32) agreed to equally fund a program along the Ambler volcanogenic massive sulphide (VMS) belt.
 

How microbes contribute to the formation of giant copper deposits

28 January 2019 Time: 15:29
A paper published in the journal Geology predicts that scientists are close to proving that microbes have control over the precipitation of metals in near-surface environments.
 

Activists ask Mexican president to stop Almaden Minerals' project

28 January 2019 Time: 13:58
A group of activists from the Ixtacamaxtitlán municipality, located in the Puebla state of central Mexico, presented a letter to the country’s president, Andrés Manuel López Obrador, where they state that Minera Gorrión’s Ixtaca project represents “a threat to their lives.”
 

Human activity creates 208 new mineral species

28 December 2018 Time: 06:54
For the first time, more than 200 mineral species have been identified that originated either principally or exclusively due to human activities – primarily as a result of mining.
 

3D visualization to ramp up speed, accuracy on drilling projects

7 November 2018 Time: 11:21
Seequent, a developer of visual data science software and IMDEX, specializing in subsurface intelligence solutions, today announced an partnership to deliver a real-time 3D visualisation solution for the mining and exploration industry, aimed to improve the speed and accuracy of decision-making for drilling projects.
ENVIRONMENT
 

Norway Oil, Gas Divestment Spares Producers

10 March 2019 Time: 15:07
Norway took a partial step in divesting oil and gas stocks in its massive $1-trillion wealth fund, approving the sale of smaller exploration companies while sparing the biggest producers such as Royal Dutch Shell Plc and Exxon Mobil Corp.
 

BHP injects $6m into emissions reduction company

5 March 2019 Time: 15:55
BHP (ASX:BHP), the world’s largest mining company, has invested $6 million in Carbon Engineering (CE), a Canadian start-up developing technologies that suck carbon dioxide directly from the atmosphere and use it to make synthetic fuel.
 

Tehran to Host 2nd Int'l ECO Energy Conference

26 February 2019 Time: 17:39
The Federation of Energy Industries of Iran (FIEEI) in collaboration with ECO Secretariat, ECO CCI and ICCIMA (Iran Chamber of Commerce, Industries, Mining and Agriculture), Iran Energy Association and Iranian Biofuel Society is to hold the “2nd International ECO Energy Conference in Tehran on March 3 and 4.
 

Leading Edge Technology – Protecting the Environment

26 February 2019 Time: 16:48
At REMET they understand that it is important to respect and look after the environment, which is why they have introduced products that are designed to help you to reduce your foundry’s impact on the environment.
 

Sierra Metals one step closer to expanding Yauricocha

14 February 2019 Time: 23:09
This week, the miner reported the approval of the Environmental Impact Assessment Study for the expansion of the tailings deposition facility at the polymetallic mine.
 

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.
ENERGY
 

US Oil Prices Up 50%

11 April 2019 Time: 14:08
Venezuela is in chaos. Iran is grappling with US sanctions. And now there is a surge of violence in Libya. Trouble in these three OPEC nations has helped send US oil prices climbing back above $64 a barrel.
 

Kuwait Says May Back Extension of OPEC-Led Cuts

11 April 2019 Time: 14:01
Kuwait will back an extension of OPEC-led production cuts beyond June if it's clear supply and demand factors warrant it, Haitham al-Ghais, Kuwait Petroleum Corp's manager for market research and the country's OPEC governor, said Wednesday.
 

India Delays May Order for Iran Oil

10 April 2019 Time: 08:13
Indian refiners are holding back from ordering Iranian oil for loading in May pending clarity on whether Washington will extend a waiver from US sanctions against the OPEC-member, four sources said.
 

Russia Signals OPEC, Allies Should Raise Output

9 April 2019 Time: 14:15
One of the key Russian officials to foster a supply pact with OPEC, Kirill Dmitriev, signaled on Monday Russia wanted to raise oil output when it meets with OPEC in June because of improving market conditions and falling stockpiles.
 

Oil Climbs to 5-Month High Amid OPEC Cuts

9 April 2019 Time: 14:04
Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s ongoing supply cuts, US sanctions against Iran and Venezuela, fighting in Libya as well as strong US jobs data.
 

US Shale Revolution Showing Signs of Fatigue

8 April 2019 Time: 16:14
After Texas pushed the United States over the last decade to become the world’s biggest oil producer last year, the heart of the shale revolution is starting to show fatigue.
 

China Gas Demand Surging

9 April 2019 Time: 14:26
China’s natural gas demand is set to grow by 14% in 2019 amid a huge government push to spur consumption of the fuel, a senior industry executive said, requiring the nation to import huge amounts of liquefied natural gas.
 

Blast at Gas Pipeline in Kermanshah, No Casualties or Damages Reported

9 April 2019 Time: 14:10
The West Ethylene Gas Pipeline ruptured in western Kermanshah Province on Sunday, the governor said.
 

Iran: Gas Prices in US Influencing Extension of Oil Sanctions Waivers

7 April 2019 Time: 19:31
The growing gas prices in the US indicate that Washington is facing a hard decision on the extension of waivers on Iran oil sanctions, an Iranian official said on Sunday.
 

Tokyo Gas, Shell Sign LNG Deal

6 April 2019 Time: 21:43
Japan's Tokyo Gas said on Friday it has signed a heads of agreement with Royal Dutch Shell for 500,000 tons per year of liquefied natural gas, with the purchase based partly on a coal-linked pricing formula.
 

UK Crude Loadings Continue to Fall

19 March 2019 Time: 00:29
The UK’s crude oil loadings remained below 800,000 barrels per day for the third month in a row in February, while authorities expect Britain’s crude production to decline through at least 2024, Fotios Katsoulas, Liquid Bulk Principal Analyst, Maritime and Trade at IHS Markit, said.
 

OPEC’s Mohammad Barkindo: Rebound in Oil Investments Minimal

18 March 2019 Time: 17:41
Investments needed to ensure stability in the global oil industry are returning after a downturn, but the pace is still slow, OPEC Secretary General Mohammed Barkindo said.
 

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.
 

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.
 

MP: Completion of Andimeshk Petchem Plant Proves US Sanctions’ Ineffectiveness

10 March 2019 Time: 15:45
A member of the Iranian parliament said implementation of the ethylene oxide plant in the southwestern city of Andimeshk would prove the ineffectiveness of the US sanctions on Iran.
 

PGPIC to Build Ethylene Plant in Iran's Andimeshk

4 March 2019 Time: 21:06
Construction of a new ethylene oxide plant will begin soon in Andimeshk, Khuzestan Province, director of public relations of Persian Gulf Petrochemical Industries Company said Saturday.
 

US sanctions pull plug on Citgo Aruba project

17 February 2019 Time: 21:36
A $1.1bn Venezuelan project to refurbish a mothballed refinery on the Dutch-controlled island of Aruba has derailed because of US sanctions on national oil company PdV.
 

Iran Breaks US, Japan Monopoly in Production of Ultracentrifuges

14 February 2019 Time: 22:28
Iranian scientists could manufacture ultracentrifuges with the capability of spinning 60,000rpm, to become the third nation with the needed hi-tech to manufacture such centrifuges after the US and Japan.
 

Kuwait to Invest $4.5 Billion in Canada Petrochem Facility

7 February 2019 Time: 14:32
Canadian company Pembina Pipeline Corp. says it is going ahead with a $4.5-billion joint venture with Kuwait's Petrochemical Industries Co. to build an integrated propane dehydrogenation plant and polypropylene upgrading facility northeast of Edmonton.
 

Chemical Plant Worth $2 mln Opens in Iran’s Markazi Province

4 February 2019 Time: 16:39
A private sector company opened a chemical plant in Markazi Province on Sunday to produce 'dimethyl carbonate ammonium hydroxide' for the first time in Iran.
 

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.
 

India: Conventional Power Generation Rebounds in Dec'18

17 January 2019 Time: 00:11
Indian power generation from conventional sources have recorded slight growth on the month after witnessing drastic fall in Nov'18, but the rate of output has remain almost flat m-o-m in Dec'18.
 

Tehran, Kabul to Expand Energy, Water Cooperation

7 January 2019 Time: 15:56
Iranian Energy Minister Reza Ardakanian, in a meeting with Afghanistan's Deputy Minister of Energy and Water Khan Mohammad Takal, exchanged views on ways to bolster bilateral cooperation in the water and energy sectors.
 

Iran, Afghanistan Discuss Helmand River Issue

5 January 2019 Time: 18:59
Iranian and Afghan commissaries held the 19th meeting of their joint committee in Tehran on Saturday to address the issue of the water right of the Helmand River.
 

President Rouhani Calls for Cut in Water Consumption

31 December 2018 Time: 20:51
Iranian President Hassan Rouhani said on Monday that water and electricity bring security for the country, and called for a 10 to 20 percent reduction in agricultural consumption of water with the use of new methods.
 

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).
 

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.
 

Pakistan Govt Likely to Increase Electricity Tariff - Sources

18 March 2019 Time: 15:30
As per industry sources report to SteelMint, Pakistan’s Government has indicated a hike in electricity tariffs by upto around 25% over the next few months period.
 

China to Further Reduce Power Prices

12 March 2019 Time: 16:18
China’s state-owned State Grid Corp promised further power price reductions for industrial and business users to support the economy, the company said on Sunday.
 

Iran’s Bushehr Nuclear Power Plant Undergoing Overhaul

3 March 2019 Time: 20:09
An Iranian official said the country’s nuclear power plant near the southern port city of Bushehr has been shut down for periodic maintenance and fuel reloading, and will be reconnected to the national grid in a couple of weeks.
 

Neighbors Have No Better Option than Iran for Importing Electricity: Minister

3 March 2019 Time: 19:45
Iranian Energy Minister Reza Ardakanian highlighted the neighboring countries’ willingness to import electricity from the Islamic Republic and said they cannot find a better option.
 

India eyes guaranteed power supplies ahead of elections

1 March 2019 Time: 21:46
The Indian government is stepping up efforts to guarantee electricity supplies to all households ahead of national elections, but actual coverage may fall short of the stated goals.
 

Cobalt, uranium and silver prices expected to rally in 2019

12 April 2019 Time: 14:31
A new report by FocusEconomics on the prospects of commodities this year and next paints a mixed picture. The survey of investment banks, institutions and research houses compiled by the Barcelona-based company has good news for long-suffering investors in uranium and silver
 

UN Nuclear Chief Reconfirms Iran’s Compliance with JCPOA

8 April 2019 Time: 16:52
Director General of the International Atomic Energy Agency Yukiya Amano reaffirmed that Iran has fulfilled its commitment to the Joint Comprehensive Plan of Action (JCPOA).
 

Iran Economic News Headlines

6 April 2019 Time: 22:31
A year after the US unlawful abrogation of the Joint Comprehensive Plan of Action [the formal name of the nuclear deal Iran signed with six world powers], Europe cannot muster the political will to defy US' economic terrorism, not even by setting up a single banking channel for humanitarian aid. (Twitter)
 

INSTEX President in Tehran for Talks with Iranian Officials

13 March 2019 Time: 21:26
The president of the European Union’s financial mechanism for trade with Iran known as the Instrument in Support of Trade Exchanges (INSTEX) has traveled to Tehran to hold talks with senior Iranian officials on ways to make the mechanism operational.
 

EU to Make Sure Iran Will Receive Economic Dividends of JCPOA: Mogheirni

13 March 2019 Time: 21:20
European Union Foreign Policy Chief Federica Mogherini said the 28-member bloc would continue to make sure that Iran will reap the benefits of the 2015 nuclear deal between Tehran and world powers as the issue of sanctions relief was an integral part of the deal.
 

Should we rethink nuclear power?

11 March 2019 Time: 14:30
While it seems to fly in the face of everything we believe and have been taught about nuclear power, it may actually be the safest form of power production that we have. Ironically, the immense potency of the power of splitting an atom is simultaneously what makes nuclear weapons so dangerous as well as what makes nuclear power so safe.
 

Norway’s $1Trillion Fund Eyes Renewable Assets

8 April 2019 Time: 16:07
Weeks after Norway’s government proposed that the country’s $1-trillion fund divest from pure exploration and production oil companies, the cabinet said that it will allow the world’s biggest sovereign wealth fund to invest in unlisted renewable energy infrastructure.
 

China Taking Worldwide Lead in Wind Power

6 April 2019 Time: 21:52
Renewable energy demand and capacity are growing explosively. When looking at numbers for wind energy production, China stands above all other countries.
 

Iran Resolute to Increase Renewables Capacity

24 February 2019 Time: 18:35
Iranian Energy Minister Reza Ardakanian said that the country is after boosting its renewable energies capacity, urging relevant bodies in the country to spare no efforts to this end.
 

WORLD’S LARGEST SINGLE-PIECE ROCKET ENGINE 3D PRINTED ON THE SLM®800 SELECTIVE LASER MELTING MACHINE

22 February 2019 Time: 22:36
Orbex has introduced the world’s largest metal rocket engine 3D printed in a single piece on the SLM®800. Founded in 2015, the UK-based spaceflight company develops small satellite launch vehicles and introduced Prime, their revolutionary and environmentally-friendly rocket at the grand opening of their new headquarters in Forres, Scotland. The novel Orbex launcher not only uses 100% renewable fuel to cut carbon emissions by 90% and a novel zero-shock staging and payload separation resulting in zero orbital debris, but was also design-optimized for selective laser melting, helping to create a structure 30% lighter and 20% more efficient than any other launch vehicle in its category.
 

Renewables to Be World’s Main Source of Power

18 February 2019 Time: 13:00
Renewable energy sources will be the world’s main source of power within two decades and are establishing a foothold in the global energy system faster than any fuel in history, according to BP.
 

Iran’s Western Province Expanding Solar Power Generation

4 February 2019 Time: 16:17
Iranian First Vice-President Eshaq Jahangiri is scheduled to open 4 new solar power plants in the Western Province of Hamedan on Tuesday, where €28 million worth of foreign investment has been devoted to the expansion of renewable energies.
 

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.
 

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.
 

Availability of Metso's valve solutions extended with new distributor Grønbech & Sønner in Denmark

24 December 2018 Time: 01:42
Metso has signed a distributor agreement for its valve solutions with Grønbech & Sønner A/S in Denmark.
 

Iranians Capable of Producing 80 Percent of Oil Equipment

18 April 2018 Time: 20:47
Domestic manufacturers are capable of providing technical services and producing 80% of advanced oil equipment to develop downstream and midstream projects that will be tendered by the Oil Ministry soon, the head of the Society of Iranian Petroleum Industries Equipment Manufacturers said.
 

Metso's valves service center in Turkey relocates to be closer to the customers

4 March 2018 Time: 01:09
Metso's valves service center in Turkey has relocated to Söke in the Aegean region to be close to important customer hubs. The new location and larger facilities strengthen Metso's presence and ensure better service availability for customers in an area that has lacked a service center of this volume.
 

Microsoft Invests in Singapore Renewables

3 March 2018 Time: 21:19
Following in Apple's footsteps, Microsoft has purchased 100% of the renewable output from Sunseap Group's new 60-megawatt solar project and will use it to power datacenter operations in Singapore.
 

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.
 Technical Manager:

MSC’s energy consumption is lower than global average

17 April 2019 Time: 13:21
Implementation of projects on energy consumption optimization has helped Mobarakeh Steel Company (MSC) bring down its water consumption to levels lower than the global average, said the senior manager of the MSC’s Department of Technical Services and Logistics.
 

First Vanadium says Nevada project resource estimate exceeds expectations

11 April 2019 Time: 14:44
Canada’s First Vanadium (TSX-V: FVAN) has published indicated mineral resources for its Nevada-based Carlin project, considered the largest, highest grade primary vanadium deposit in North America.
 

Should we rethink nuclear power?

11 March 2019 Time: 14:30
While it seems to fly in the face of everything we believe and have been taught about nuclear power, it may actually be the safest form of power production that we have. Ironically, the immense potency of the power of splitting an atom is simultaneously what makes nuclear weapons so dangerous as well as what makes nuclear power so safe.
 

Oil's big reset: Energy majors learn to thrive after price crash

11 March 2019 Time: 14:21
When OPEC started an oil-price war in late 2014, most people believed U.S. shale was doomed. In reality, the giant oil majors suffered most — burdened by expensive mega-projects, Chevron Corp., BP Plc and the rest struggled to adapt to the fall in energy prices.
 

Iran, Azerbaijan Poised to Increase Energy Cooperation

6 March 2019 Time: 20:03
Iranian Energy Minister Reza Ardakanian said that Tehran and Baku are discussing ways to boost cooperation in the energy sector, highlighting that Azerbaijan will serve as a link to connect Iran’s electricity grid with Russia and Georgia.
 

Tehran to Host 2nd Int'l ECO Energy Conference

26 February 2019 Time: 17:39
The Federation of Energy Industries of Iran (FIEEI) in collaboration with ECO Secretariat, ECO CCI and ICCIMA (Iran Chamber of Commerce, Industries, Mining and Agriculture), Iran Energy Association and Iranian Biofuel Society is to hold the “2nd International ECO Energy Conference in Tehran on March 3 and 4.
Housing & Building
 

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 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.
 

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.
 

Exports to Pakistan Rise by 58% in 8 Months

12 December 2018 Time: 06:47
The volume of Iran’s non-oil goods exported to Pakistan in the first 8 months of the current Iranian calendar year (March 21- November 22) has registered a 58% increase in comparison with the same period last year, reaching a total sum of $860 million worth of commodity.
 

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.
 

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’.
 

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.
 

FATA's ECO_Rec Sand Regeneration System in Bulgaria

30 October 2018 Time: 18:35
FATA’s fully automated Eco-Rec Sand Regeneration System can save significant sums on operating costs.
 

BMI Bonds to Boost Housing Affordability

11 April 2018 Time: 00:31
Bank Melli Iran, the nation’s biggest bank, is set to issue its first-ever housing bonds soon and experts believe that will lead to a drop in the price of bonds in the over-the-counter Fara Iran Bourse.
 

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.
 

Deutsche Messe Expands to Iran

10 March 2018 Time: 21:48
Deutsche Messe brings its woodworking industry expertise to Iran.
Sciences
 

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.
 

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"
 

NASA Approves Extension of Boeing Starliner Commercial Crew Test Flight

8 April 2019 Time: 16:25
Aday after Boeing confirmed delays in test flights of its commercial crew vehicle, NASA said that the company's crewed test flight will get an extended stay at the station when it does fly.
 

NASA Test-Fires Megarocket Engine

6 April 2019 Time: 22:17
Water vapor poured across the Mississippi landscape as NASA ground-tested an engine type that may bring astronauts to the moon in the next three years.
 

Japanese Space Probe Touches Down on Distant Asteroid

23 February 2019 Time: 19:28
AJapanese space probe named after a falcon, Hayabusa 2, has touched down on an asteroid more than 300 million km from Earth on a mission to seek clues about the origins of life, Japan’s space agency said on Friday.
 

Iran Breaks US, Japan Monopoly in Production of Ultracentrifuges

14 February 2019 Time: 22:28
Iranian scientists could manufacture ultracentrifuges with the capability of spinning 60,000rpm, to become the third nation with the needed hi-tech to manufacture such centrifuges after the US and Japan.
 

Fives integrates an ABB YuMi® collaborative robot to demonstrate the potential of this new technology for the automotive industry

24 January 2019 Time: 21:52
Within Fives Group, the Automation team (Facility in Montévrain, near Paris, France) has developed a collaborative robotic cell to assemble small sub-components for one major car manufacturer in Europe.
 

Iran Vows to Win Share in Global Biotechnology Market

20 January 2019 Time: 16:22
Chairman of the Biotechnology Development Council Mostafa Qaneie said on Sunday that Iran is planning to take up to 3% market share of global biotechnology industry, adding that the country is enjoying an asset of 15,000 biotechnology graduates to reach this goal.
 

Iranian Android Market Records 40 Million Active Users

10 April 2019 Time: 08:25
Iranian Android market Cafe Bazaar says it has more than 40 million active users. Public relations office of Hezar Dastan Holding, owner of Cafe Bazaar, said this week that the number of active Bazaar users has surpassed 40 million.
 

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.
 

Established companies and start-ups Stronger together: Digitisation is dematerialisation

23 March 2019 Time: 17:55
Established companies offer the greatest potential for digital transformation. However, traditional industrial companies are too focused in the concentration of their digitisation strategy on optimisation of the processes used in their existing business.
 

2 Iranian Companies Sign MVNO Agreement

9 March 2019 Time: 17:46
Iran Electronics Industries (Sairan) has signed an agreement with local Internet service provider HiWeb for establishing a mobile virtual network operator.
 

Robotics, AI Competition in Tehran

4 March 2019 Time: 21:27
The Eighth International Amirkabir Robotics and Artificial Intelligence Competitions (AUTCup 2019) opened Saturday at the Tehran International Fairgrounds.
 

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.
 

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.
 

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.
 

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.
 

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.
 

Iran Knowledge-Based Firms Borrow $384m

28 February 2019 Time: 14:57
Banks lent 51.9 trillion rials ($384 million) to 626 knowledge-based companies by the end of the third quarter of the current fiscal on December 21.
 

Telecom Services Expanding in Iran Rural Areas

27 February 2019 Time: 20:21
Broadband Internet services will be available in almost all rural areas in Iran by the end of the next Iranian year (March 2020), according to the ICT Ministry.
 

Japanese Space Probe Touches Down on Distant Asteroid

23 February 2019 Time: 19:28
AJapanese space probe named after a falcon, Hayabusa 2, has touched down on an asteroid more than 300 million km from Earth on a mission to seek clues about the origins of life, Japan’s space agency said on Friday.
 

Iran Determined to Develop Science, Economy, Industry

14 February 2019 Time: 22:42
Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi said that Iran has made great progress in scientific fields, and called for expanded cooperation with other countries to further forward national developments in areas of economy and industry.
Scrap & Recycling
 

South Africa: Iron Ore Exports Down 21% in Feb’19

20 April 2019 Time: 14:13
South Africa iron ore exports down 21% in Feb'19: South African iron ore exports in Feb'19 recorded at 5.53 MnT, down 21% as against 7.05 MnT in Jan'19. As per sources, the exports dropped amidst Saldanha port maintenance in Feb'19.On yearly basis, the exports increased marginally as compared to 5.25 MnT in Feb'18.
 

Global Ferrous Scrap Market Overview - Week 15, 2019

20 April 2019 Time: 13:45
Major global scrap markets observed price correction on weak demand globally. Turkish steel mills booked cargoes at lowered prices amid subdued steel demand. Japan's monthly Kanto tender for Apr'19 fetched bids lower by USD 15 against last month.
 

India: Tata Steel Invites Bid for 15,000 MT Imported Steel Scrap

12 April 2019 Time: 16:23
Tata Steel Ltd has issued another RFQ (Request for Quotation) for procurement of 15,000 MT imported steel melting scrap for its newly acquired plant Bhushan Steel Limited recently, SteelMint learned from industry sources.
 

Bangladesh: Imported Scrap Trades Limited; Offers Range bound

11 April 2019 Time: 17:23
SteelMint learned from industry participants that imported scrap trades in Bangladesh have remained slow as current prevailing offers in the market are comparatively high against buyers’ expectation and other subcontinental markets.
 

India: Tata Steel Concludes Purchase Tender for Imported Ferrous Scrap

11 April 2019 Time: 09:58
Tata Steel Ltd has recently concluded the tender for imported scrap for its newly acquired plant - Bhushan Steel Limited, SteelMint learned from industry sources.
 

Pakistan: Domestic Scrap Prices Surge on Limited Availability

11 April 2019 Time: 09:22
SteelMint learned in conversation with industry participants that there is a shortage of domestic scrap in the market added to which Pakistan’s ship-breaking industry has been in the hibernation state witnessing very less of ships being beached for cutting operation since last two quarters in Gadani’s market.
METALLURGY
 

Eirich: Molding Material Preparation without Human Intervention

9 April 2019 Time: 19:41
About 25 percent less rejects, a major improvement in surface quality with more than 50 percent less refinishing and significantly more stable processes - Thomas Poggemann, production manager at Juergens Gießerei GmbH & Co. KG, is more than satisfied.
 

Küttner Savelli proven to be a leading supplier

8 April 2019 Time: 17:37
Küttner Savelli (Küttner Group) confirms to be a leading supplier not only for horizontal flask molding lines, but also for complete Green Sand Preparation and Return Systems.
 

Full speed with investment casting! BLANK develops smart lightweight solution for motor racing

23 March 2019 Time: 18:02
Weight savings is essential in racing. The competitive advantage can be gained with the best, light weight design. Every gram that can be saved on the racing car can make it faster and more agile. Victory or defeat can be determined by only one millisecond.
 

The Foundry in Transition through Digitization

23 March 2019 Time: 17:43
63rd Austrian Foundry Conference in Schladming from April 11th-12th
 

Laempe Mössner Sinto: Focus on overall efficiency in core-making

11 March 2019 Time: 20:07
Lowest costs per core thanks to digitization. Visit Laempe Mössner Sinto at GIFA in Hall 17 Stand B40.
 

Leading Edge Technology – Protecting the Environment

26 February 2019 Time: 16:48
At REMET they understand that it is important to respect and look after the environment, which is why they have introduced products that are designed to help you to reduce your foundry’s impact on the environment.
 

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.
 

Walkabout Resources' stock rises as it tees-up Asian off-takers for its graphite

10 April 2019 Time: 09:14
With its second binding offtake agreement in two weeks, Walkabout Resources (ASX: WKT) has secured the sale of 75% of its large flake graphite concentrate for the first three years following the start of production at its Lindi jumbo graphite project in southeastern Tanzania. By Tuesday afternoon, the company's shares had climbed over 8% on the ASX.
 

Japan Steel Export Statistics - February 2019

8 April 2019 Time: 14:23
Japan, world's third-largest crude steel producer has observed a rise in exports of ferrous scrap, billet and finish long products in Feb'19 on monthly premises, on the other hand, exports of finish flat and graphite electrode dropped in Feb'19, the data provided by Japan's customs department showed.
 

India: Ferro Silicon Prices Down on Lower Trade

4 April 2019 Time: 15:10
Ferro Silicon prices fall down as few producers are cutting down prices to clear the piled up inventories.
 

India: Silico Manganese Prices Under Pressure Amid Low Demand

19 March 2019 Time: 21:44
Indian Silico Manganese prices remained unchanged for Durgapur. However prices fell by INR500/MT in Raipur amid persistent low demand.
 

Will Graphite Electrode Prices Revive in coming days of 2019?

16 March 2019 Time: 20:28
Graphite electrode makers around the globe had a wonderful run for almost a year starting from the latter half of 2017 amid supply-side structural changes in China which led to the promotion of steel production through electric furnace (EAF) route, ultimately resulting in the significant rise in the graphite electrodes demand and prices in China.
 

Gold and graphene now used in biosensors to detect diseases

11 March 2019 Time: 13:57
Graphene and gold are now being used in ultrasensitive biosensors to detect diseases at the molecular level with near perfect efficiency.
 

First Metso valves with 3D printed parts shipped to a customer

24 December 2018 Time: 01:51
Metso has delivered the first valves with 3D printed parts from its Helsinki plant. The valves include 3D printed metal components that allow the valves to perform in a particularly demanding application where they need to withstand numerous fast open-close cycles without maintenance.
 

Metso acquires Kiln Flame Systems Ltd., KFS, to extend pyro processing capabilities

24 December 2018 Time: 01:39
Metso has closed the acquisition of the UK-based combustion solutions and technology provider Kiln Flame Systems Ltd., KFS, to extend its pyro processing portfolio and capabilities.
 

China’s Graphite Electrodes Production Falls by 4.5% M-o-M basis in Nov’18

8 December 2018 Time: 23:03
With the start of winter heating season in November came the output restrictions in China’s steel sector as a part of country’s anti-pollution campaign.
 

China’s Yulinde to Increase its Graphite Electrodes Capacity by Three Times

2 December 2018 Time: 00:21
Datong YuLinDe (YLD) Graphite Equipment Co. Ltd is China’s one of the leading graphite electrode (GE) and graphite electrode equipment manufacturing company located in Datong city of Shanxi province in China
 

Indian Graphite Electrode Major HEG Ltd’s Board approves its Capacity Expansion Plan

28 November 2018 Time: 01:24
As per the latest updates that SteelMint has received, the Board of Directors of graphite electrode major, HEG Ltd at its meeting held today at 12:00 Noon has approved the capacity expansion plan for its plant in India.
 

Henan Mingtai grants SMS group final acceptance of high-performance aluminum cold mill

26 November 2018 Time: 21:26
On October 18, 2018, the Chinese aluminum producer Henan Mingtai Al. Industrial Co., Ltd. has granted SMS group the final acceptance certificate for the new aluminum cold rolling mill established at the Gongyi location.
 

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.
 

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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