Mining News Pro - With a good understanding of the importance and role of production in the industrial and economic cycle of the country, Mobarakeh steel began the year 1403 by setting numerous records and increasing productivity in April and May, and a brilliant performance in production, product sales and profitability for stakeholders and shareholders. “In addition to the successes achieved in the field of production, this company has also succeeded in earning income from sales; So that in the first two months of the year, with the sale of one million and 514 thousand tons of products in both domestic and export markets, it earned 481 thousand and 925 billion Rials, which shows a 20% increase compared to the same period last year,” says Mahdi Koveiti, economic and financial deputy of MSC. “In general, considering the sales performance of the first two months of the year and the successes achieved in production, it is expected that the profitability of the company in the first quarter of the year will be in a more favorable situation compared to the previous year. At the same time, we hope that by God's grace and with the efforts of all our colleagues, with the continuation of this process, we will see more profitability and productivity growth in Mobarakeh Steel,” he added.
Monday, June 10, 2024 - 22:02:11
Iron ore futures extended their decline to a fifth straight session on Wednesday, hitting a seven-week trough, pressured by faltering steel demand and expectations of higher shipments to top consumer China in June.
Wednesday, June 5, 2024 - 20:55:13
Mineral Resources said on Wednesday it had entered a binding agreement to sell a 49% interest in its Onslow iron project’s dedicated haul road for A$1.3 billion ($864.24 million) to a Morgan Stanley infrastructure fund.
Wednesday, June 5, 2024 - 20:50:53
South Korean President Yoon Suk Yeol and the leaders of African countries agreed on Tuesday to forge deeper trade and business cooperation and launched a “critical minerals dialogue” aimed at sustainable development of the continent’s resources.
Monday, June 3, 2024 - 02:03:30
Iron ore dropped to the lowest level in more than six weeks on worries over the outlook for Chinese demand, which has been hammered by the protracted property crisis.
Monday, June 3, 2024 - 01:51:37
Mining News Pro - Achieving the desired quality in products requires quality production in each of the production stages.
Monday, June 10, 2024 - 21:59:46
London-listed Antofagasta on Wednesday signed a $1.5 billion investment deal to improve water supply at its Chile mining operations.
Wednesday, June 5, 2024 - 20:59:34
Russian aluminum giant Rusal is in negotiations with the government of Sierra Leone on a bauxite mining concession, the RIA state news agency reported on Wednesday, citing the west African country’s mining minister.
Wednesday, June 5, 2024 - 20:58:00
Glencore Plc is considering selling its stake in Kazakh mining company Kazzinc amid interest from potential buyers in China, people familiar with the situation said.
Wednesday, June 5, 2024 - 20:56:22
Aluminum producer Novelis Inc. has postponed a plan to raise as much as $945 million in an initial public offering that would have been one of the biggest listings in the US this year.
Wednesday, June 5, 2024 - 20:49:32
China’s copper inventories are growing at exactly the time of year when they should be shrinking fast — an anomaly that underscores concerns about demand in the world’s biggest market.
Wednesday, June 5, 2024 - 20:52:56
State revenue from gold mining companies in Mali fell 26% last year, hit by lower taxes, a document from the west African country’s mines ministry showed on Wednesday.
Wednesday, June 5, 2024 - 20:47:38
Net purchases of gold by global central banks rose to 33 metric tons in April from a revised net buying of 3 tons in March, the World Gold Council (WGC) said, signalling continuing strong appetite from the sector despite high prices for the metal.
Tuesday, June 4, 2024 - 02:06:57
Copper fell below $10,000 a metric ton as traders weighed a sharp rise in global inventories and soft US job openings data that reinforced bets that the Federal Reserve will be able to cut interest rates this year.
Tuesday, June 4, 2024 - 02:02:06
Probe Gold is looking to raise more than C$15 million ($11 million) via a private placement led by Beacon Securities and Canaccord Genuity to fund its exploration efforts in Quebec.
Friday, May 31, 2024 - 20:14:13
Mining News Pro - The sales and transportation manager of Mobarakeh Steel Company announced the increase in the delivery of products to customers as a success and another step in the direction of maximum and timely response to the needs of customers and creation of common value for the society by Mobarakeh Steel.
Monday, June 10, 2024 - 22:06:15
Russia’s Rosatom and France’s Orano denied they have held talks about a potential deal regarding uranium assets held by Orano in Niger, the groups said, rejecting a report saying they were in discussions.
Tuesday, June 4, 2024 - 01:58:48
Chilean state-owned Codelco said on Thursday it had reached a collective contract agreement with two workers’ unions representing employees at its Andina mine ahead of a planned deadline, helping avert the risk of a strike at the site.
Thursday, May 30, 2024 - 20:07:17
US construction company Vulcan Materials on Monday rejected what it considers the “illegal expropriation” of its investments in Mexico and said it remains open to a negotiated solution with the Mexican government.
Monday, May 27, 2024 - 18:44:32
A company owned by Australian mining billionaire Andrew Forrest will no longer develop the world’s biggest hydropower project in Democratic Republic of Congo, according to President Felix Tshisekedi’s office, which has replaced the firm with a Nigerian oil producer.
Wednesday, May 22, 2024 - 14:43:37
Mining News Pro - With a good understanding of the importance and role of production in the industrial and economic cycle of the country, ...Monday, June 10, 2024
Iron ore futures extended their decline to a fifth straight session on Wednesday, hitting a seven-week trough, pressured by faltering steel ...Wednesday, June 5, 2024
Mineral Resources said on Wednesday it had entered a binding agreement to sell a 49% interest in its Onslow iron project’s dedicated haul ...Wednesday, June 5, 2024
South Korean President Yoon Suk Yeol and the leaders of African countries agreed on Tuesday to forge deeper trade and business cooperation ...Monday, June 3, 2024
Mining News Pro - Achieving the desired quality in products requires quality production in each of the production stages.Monday, June 10, 2024
London-listed Antofagasta on Wednesday signed a $1.5 billion investment deal to improve water supply at its Chile mining operations.Wednesday, June 5, 2024
Russian aluminum giant Rusal is in negotiations with the government of Sierra Leone on a bauxite mining concession, the RIA state news ...Wednesday, June 5, 2024
Glencore Plc is considering selling its stake in Kazakh mining company Kazzinc amid interest from potential buyers in China, people familiar ...Wednesday, June 5, 2024
China’s copper inventories are growing at exactly the time of year when they should be shrinking fast — an anomaly that underscores concerns ...Wednesday, June 5, 2024
State revenue from gold mining companies in Mali fell 26% last year, hit by lower taxes, a document from the west African country’s mines ...Wednesday, June 5, 2024
US Steel Corp and Japan’s Nippon Steel have received all regulatory approvals outside of the United States for their proposed $14.9 billion ...Wednesday, May 29, 2024
Newmont confirmed on Wednesday that two members of its workforce died this week at the Cerro Negro mine located in the ...
Canada and Australia have agreed to promote shared priorities related to the extraction, processing, and refining of ...
Gold prices flirted with record highs on Monday as investors continue to bet on the safe-haven metal in anticipation of ...
A small plane carrying Rio Tinto (ASX, LON: RIO) workers crashed near Fort Smith in Canada’s remote Northwest ...
Rescuers on Sunday pulled out all 15 subsistence mine workers who were trapped in an underground shaft at Redwing mine ...
Mining News Pro - The collapse of an artisanal gold mine in southeastern Venezuela near an Indigenous community killed ...
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Mining News Pro - South African President Cyril Ramaphosa has authorized the deployment of 3,300 army personnel to help ...
Mining News Pro - At least 32 people have died and 14 remain missing after a mine fire in Kazakhstan, the Ministry for ...
Mining News Pro - The second exclusive Eurasia Expo will be held at the permanent location of the Tehran International ...
Mining News Pro - The head of Imidro's executive board emphasized on the increase of exploration activities in ...
Mining News Pro - Amin Ebrahimi said that the resilience of the country's steel industry has reached an alarming limit ...
Mining News Pro - The 19th International Metallurgy Exhibition (IranMetafo) was held at the permanent location of Tehran ...
Mining News Pro - Middle East Mines and Mineral Industries Development Holding Company received the social ...
Mining News Pro - National Iranian Copper Industries Company has been listed among the top 10 companies in IMI-100 ...
Mining News Pro - The country's mining sector is far behind in terms of mineral exploration and the bureaucracy, lack of ...
Mining News Pro - HOSCO received the customer satisfaction award in the Eleventh Conference of Customer satisfaction in ...
Mining News Pro - The copper market has cooled since touching record levels above $10,000 a tonne in May, but ...