Keyword: "iran"

Mining News Pro - Iran`s Trade Commissioner in Iraq said: At the meeting of the Iranian Ambassador to Iraq with the Chief of the Iraqi Industry Alliance, the two sides emphasized the firm resolve for industrial cooperation.

Mining News Pro - The Industrial and Mining Forum of the Iranian Commodity Exchange on Monday, August 22, hosts the supply of slabs, bloom ingots and sponge iron.

Mining News Pro - In a recently held meeting between Ministry of Mine and Trade of Iran and country`s major steelmakers, it was announced that the government will be allocating USD 440 Mn for the import of graphite electrode in Iran.

Mining News Pro - A gold rush is setting upon Iran as citizens attempt to convert their savings into gold amid fears of a currency collapse and rising living costs following new U.S. sanctions.

Mining News Pro - Iran is set to regulate exports of DRI (Direct Reduced Iron) in order to check impact of falling Iranian currency, which is the result of fresh US sanctions. Notably Iranian Rial has hit all time low to 100,000 rials per USD, SteelMint learned from market sources.

Mining News Pro - Aluminum prices are on the upside, despite the strengthening of the dollar index, and demand growth.

Mining News Pro - The amount of pellets made by large companies during the first three months of 1997 increased by more than 68%.

Mining News Pro - Recently, Ministry of Mines and Trade has issued a letter to all the steelmakers in Iran to sell their products in Iran Mercantile Exchange (IME) this week at the base price decided by the government, apart from selling in domestic market. According to the letter, steelmakers has to offer their billet and slab at a base offering price of IRR 22,916/KG (USD 520/MT) and IRR 24,238/KG (USD 550/MT) respectively.

Mining News Pro - Recently, Ministry of Mines and Trade has issued a letter to all the steelmakers in Iran to sell their products in Iran Mercantile Exchange (IME) this week at the base price decided by the government, apart from selling in domestic market. According to the letter, steelmakers has to offer their billet and slab at a base offering price of IRR 22,916/KG (USD 520/MT) and IRR 24,238/KG (USD 550/MT) respectively.

Mining News Pro - The Wall Street Journal says the German authorities have been persuaded by the ambassadors of the US government to change their monetary rules to prevent the transfer of 300 million euros from Hamburg to Iran.

Mining News Pro - The growing trend, improved capital adequacy ratios, and favorable liquidity ratios are interpretations that the International Institute (Capital Intelligence) has used in its latest report on the Iranian Export Development Bank.

Mining News Pro - The Minister of Mining and Trade opened the first concentrate production plant from Hematite low iron ore in Zarand, Kerman.

Mining News Pro - India is one of the major exporters of ferroalloys to Iran and, in turn, sources crude oil from the Islamic Republic. Now, with the cloud of sanctions hovering over bilateral trade between India and Iran, the safest route would be to switch over to the barter mode of commodity exchange, as financial transactions involve high risks. There is a silver lining too. Indian companies might now smell a golden opportunity of setting up business operations on Iranian soil, what with competition having slowed down after the sanctions.

Mining News Pro - The chairman of the Union of Iron, Steel and Metal Sellers said that the country`s devaluation and liquidity of the wand have led to an increase in iron prices by 20% over the past month, while the rise in the dollar has led to an increase of $ 0.2 in Iron during the past 48 hours.

Mining News Pro - Iran - one of the largest billet exporter in MENA region has exported 1,051,000 MT billet and bloom during the 1st quarter of current Persian year (21-Mar till 21-Jun’18). Export of billet during the period was reportedly up by 40% Y-o-Y against 751,000 MT in the same quarter of last Persian year.

Mining News Pr - MMK (Magnitogorsk Iron and Steel Works) which is Russia’s third largest steel manufacturer and has recently completed the reconstruction of its first blast furnace, has stopped deliveries to Iran on the backdrop of US Sanctions imposed on Iran.

Mining News Pro - Iran, one of the largest DRI producer in world has produced 6,583,000 MT DRI during the first quarter of Persian year (21 Mar-21 Jun’18). The nation reportedly witnessed a growth of 27% Y-o-Y in production of DRI against 5,189,000 MT produced in last year.

Mining News Pro - In the spring of 2018, the country`s largest aluminum companies grew more than 10.6 percent year-on-year to more than 91 thousand tons.

Mining News Pro - The Sariogonian gold mine of Qarveh can be considered the most abundant mine in recent years, the mineral that exploits those adventures.

Mining News Pro - Iran`s iron ore exports have generally been weakened due to increased demand for high-grade iron ore and China`s ash as well as a decrease in imports from the main buyer, China.

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