Cement & Concrete
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.
Based in Dubai, U.A.E, and referring to the Services Department, this entity aims at supporting Fives' customers through a local presence and a complete offer of services: upgrade and revamping projects, technical assistance, supply of spare parts, on-site machining, etc.
Thus, Fives will provide customers with comprehensive solutions and efficient services to empower their plant while reducing operational costs.
An Iranian deputy economy minister highlighted the country’s numerous capacities to attract foreign investments and said more than 1200 foreign firms have invested in the Islamic Republic.
The Islamic Republic of Iran Customs Administration (IRICA) announced that exports of minerals from the country experienced a significant leap in terms of value and weight in the first month of the current Iranian year (started on March 21).
Oil prices rose again Friday and were on track for the first weekly gains this month, as rising tensions in the Middle East stoked fears of supply disruptions.
Iran exported over 57 million tons of mineral products worth over $9.2 billion during the last fiscal year (ended March 20, 2019), registering 5% and 2 % fall in tonnage and value respectively.
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.
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.