Iran’s first 300mm slab has been produced by Oxin Steel Co

Mining News Pro - Oxin steel company is the first to produce 300mm slab in Iran which is the most large and resistant.

Employment of 1500 people during this year in Iranian Alumina Complex

Mining News Pro - According to the company, the aluminum ingots production plant will reach full production capacity by the end of February.

First phase of Iran’s alumina ingot will be ready in February

Mining News Pro - CEO of Iran’s Alumina Complex said that first phase of aluminum ingots production will be completed in February.

Nicico’s director of supervision and planning announced;

Iran has 38 million tons of bauxite reserve

Mining News Pro - Nicico’s director of supervision and planning announced in the Third Conference and Exhibition of the Perspective of Iran`s Non-Ferrous Metals Industry that Iran is the seventh country in the world in terms of copper reserves.

Boutia development and engineering unit has been chosen for the best R&D unit in Iran

Mining News Pro - In the 9th Research and Technology Festival and Iran’s 6th exhibition of research and technology achievements took place in the ministry of mine, industry and trade.

Chief executive of Bank Mellat;

Nicico is the pride of Iran’s economy

Mining News Pro - CEO of Bank Mellat said that Nicico is one of their important, major and effective customers.

MSC is a leading company in digital mining in Iran

Mining News Pro - Aimed at solving technological challenges in reverse pitch event, Steel Digital Transformation Innovation Center of Iran visited the production lines of MSC’s knowledge-based companies.

KSC is the top steel company in Iran

Mining News Pro - This is an odd year for steel companies in Iran. While MSC and ESCO’s profitabilities were -15% and -25% respectively, Khouzestan steel’s profitability is 9%.

Midhco and Iran Alumina won the Mining Productivity Award

Mining News Pro - Midhco and Iran Alumina Co. has earned the 7th Productivity and Mining Industry award.

Iranian, Australian officials meet to debate further cooperation in mining industry

Mining News Pro - On Saturday, a meeting was held between the Australian Ambassador to Iran Lyndall Sachs and the Head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) Khodadad Gharibpour in order to debate the growth of mining collaboration between the two nations.

11 Percent Jump in Iran’s DRI Production

Mining News Pro - Direct reduced unites has succeeded to produce more than 5.5 million tons of DRI in last two months.

Capacity of Iran’s Pellet and Concentrate Expanded by Extra 5m Tons

Mining News Pro - Chairman of the board of IMIDRO said that a 2.5m tons plant opened recently in the first phase and in the second phase another 2.5m ton plant will be opened in the next 40 to 50 days.

ESCO’s Target Is the Full Expansion of Railroad Transportation in Iran

Mining News Pro - Esfahan Steel Company held a meeting on June 9, discussing the obstacles which are currently an issue for railroad transportation in Iran.

Maduro to tap sanctioned dealmaker to ship gold to Iran

Mining News Pro - An indicted financier accused by the U.S. of developing Venezuela’s gold-for-food trade with Turkey is helping orchestrate a similar swap with Iran involving gold for gasoline products, according to seven people familiar with the matter.

NICICO Among the Safest Companies in Iran’s Mining Industry

Mining News Pro - National Iranian Copper Industries Company is the first company to be the permanent member of “ISSA Mining”.

Iran hauls gold bars out of Venezuela’s almost-empty vaults

Mining News Pro - Out of cash and desperate for help in propping up its oil industry, Venezuela is raiding its gold vaults and handing tons of bars to its long-time ally Iran, according to people with direct knowledge of the matter.

Iran Billet Export Offers Witness Marginal Drop

Mining News Pro - This week, Iran billet export prices fell marginally in recent deals. SteelMint’s assessment for billet export offers from Iran is at USD 380-385/MT, FoB Iran, down USD 5-10/MT, against last week. While domestic billet offers in the country are at IRR 52,600/kg, including 9% VAT.

Iran’s Steel Production Rise Around 8% Y-o-Y

Mining News Pro - Iran’s steel output stood was recorded at 43.28 MnT during the first 11 months of the current Iranian year (21 Mar’19 - Feb’20) to register a Y-o-Y rise of 7.96%. The figure includes both semi-finished and finished steel output.

Iran Billet Export Offers Rise Marginally

Mining News Pro - Iranian billet export offers witnessed a marginal increase amid active domestic demand. However, no export deals were reported during the week.

Iran’s Steel Production Rise by around 9%

Mining News Pro - Iran’s steel output was recorded at 39.46 MnT during the first 10 months of the current Iranian year (21 Mar`19 - 20 Jan`20) to register a Y-o-Y rise of 8.79%.

How FATF Decision Will Impact Iran Steel Prices?

Mining News Pro - Iran failed to comply with international anti-terrorism funding norms following which the the country got black listed by the Financial Action Task Force (FATF) last week on 21 Feb’20.

Planning Deputy of Iran’s Supreme Council of Free trade, Industrial and Special Economic Zone Said;

HOSCO Is One of Major Steel Companies in Iran

Mining News Pro - Ahangaran, visited Hormozgan Steel Company. He mentioned the remarkable role of HOSCO in slab exports and emphasized on removing the export obstacles.

HOSCO is the Export Base of Iran

Mining News Pro - “One important approach in our company is to be active in export markets,” Sales Manager of HOSCO.

KSC Continues to remain Iran’s Largest Steel Exporter

Mining News Pro - Iran’s major steel producing companies exported a total of 5.2 MnT of steel in first nine months of the current Iranian year (March 21-Dec. 21, 2019) to register a Y-o-Y growth of 19%.

Iran missile strikes push Aussie dollar gold price to record

Mining News Pro - The Australian dollar gold price has temporarily moved into record territory of around $2350 an ounce as tensions between the United States and Iran increased.

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