MINERALS   Investment  

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

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.

According to the report of public relations of IMIDRO, speaking in the 9th IIICF in China, Mehdi Karbasian declared:”$4 billion of this finance has invested in IMIDRO’s project with cooperation of private sector”.

It seems that international restrictions has small impact on cooperation of Iran and China. Chinese companies are interested in development of cooperation in Iran’s mine and mining industries sector and especially with IMIDRO”, he added.

SALCO’s new plan

He noted the meeting with CEO of NFC and said: “during the meeting NFC expressed that SALCO project (as Iran’s largest aluminum ingot project) will be completed by the Iranian year end (ended 20March2019)”.

Also, Jajarm aluminum project will go on stream in the current Iranian year so as we will witness operation of two aluminum ingot production plant in Iran, chairman of the board of IMIDRO declared.

CEO of NFC will travel Iran in order to administer one stage of second phase of SALCO (south aluminum) so it will be operated with production capacity of 600 thousand tonnes, he continued.

Moreover, Persian Gulf Alumina Project and Guinea Bauxite are on the agenda in this visit, Deputy Minister of Industry, Mine and Trade said.

New financial package in Rouhani’s visit to China

New financial package between Iran and china will be discussed during the meeting of president Rouhani and Xi Jinping, president of the People’s Republic of China. It is a good opportunity for Iran’s mine and mining industry sector to take advantage of this new financial package, Karbasian said.

Also, during meeting with “China Energy”, the company expressed its interest in financing and investment in Iran’s projects such as water transmission pipeline, railway, power plant construction and equipment supply, he added.

News No: 2171
Date: 2018/08/16 - 01:31
News Source: IMIDRO

Iran Mine and Mining Industri  IMIDRO  Mehdi Karbasian  SALCO  China Energy 


Leave a Comment:


Iran: Iron Ore Exports Up 45% in May'19 Amid Increased Chinese Buying

According to the data maintained by SteelMint, Iran's iron ore exports via bulk shipments in second month of current Persian year (May'19) was recorded at 1.91 MnT, up 45% as against 1.31 MnT a month ago. The exports in May'19 have hit highest since Apr'18.

IMIDRO’s Coal Concentrate Output Up 8%

IMIDRO’s coal concentrate output during the last Iranian year (ended March 20, 2019), registered an 8 percent growth YOY.

IMIDRO: Iran’s annual iron ore concentrate output increased 17% by March

Iron ore concentrate production by major Iranian companies increased 17 percent year-on-year in the year to March 2019, exceeding 45 million tons, according to Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

IMIDRO: Iran’s annual aluminum output exceeded 276,000 tons in March

Iran produced 276,575 tons of aluminum in the year to March 2019, according to figures by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

Iran annual iron ore pellet production up

Iran produced 26.7 million tons of iron ore pellets during the last Iranian year (ended March 20), to register a 49-percent growth compared with the preceding year’s corresponding period.

Iran: Steel Export by Major Mills Fall 25% Y-o-Y

As per the data released by IMIDRO, major Iranian steelmakers exported around 5.54 MnT of steel during last Iranian year (21 Mar 18-20 Mar’19). Export decreased by around 25% Y-o-Y. Standalone during the twelfth month export was noted to be around 457,585 MT, registered a downfall of 44% Y-o-Y.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners