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13 Jun 2015 23:13

Iran's domestic steel industry hard hit by Chinese dumping

(Minews) - A range of steel products produced in Iran have been hit as Chinese exports surge.The latest data released by Iranian Mines and Mining Industries Development and Renovation Organization, the major state-owned steel and mining holding company, shows that producers of girders and rebar have ...

Iran
 
13 Jun 2015 23:10

Iran world’s top cement exporter in 2014

(Minews) - Iran ranked first in cement exports worldwide by sending more than 19 million tons of cement overseas last year, says Morteza Lotfi, the vice president of Cement Industry Employers Association.Speaking on the sidelines of the Second International Cement Industrial Exhibition: Market, Export,...

Iran world’s top cement exporter in 2014
 
13 Jun 2015 23:01

Hamedan: Iran’s mining hub

(Minews) - Mineral industries account for 45% of industries in the western Hamedan Province, according to chairman of Hamedan Mine House, Rahim Mortezai.Hamedan has 280 operational mines and proven mineral reserves of 1.7 billion tons, representing 2.83% of the country’s total mineral reserves,...

Hamedan: Iran’s mining hub
 
11 Jun 2015 00:46

British unions plan strike on June 22 at Tata Steel

(Minews) - Unions representing workers at Tata Steel in Britain will go on strike on June 22, the GMB union said, marking the biggest industrial action in the British steel industry in over three decades.Other unions involved in the action are Community, Unite and UCATT. The four unions are in dispute ...

British unions plan strike on June 22 at Tata Steel
 
11 Jun 2015 00:44

Gold miner Newmont to buy Colorado mine from AngloGold

(Minews) - Newmont Mining Corp has agreed to buy the Cripple Creek & Victor gold mine in Colorado from AngloGold Ashanti Ltd for $820 million, giving the world's No. 2 gold producer an expanding asset in a mining-friendly jurisdiction.The acquisition is an opportunity for Colorado-based Newmont ...

Gold miner Newmont to buy Colorado mine from AngloGold
 
11 Jun 2015 00:39

Iran's stones sector potential remains untapped

(Minews) - Iran extracts about 17 million tons of decorative stones annually, only 4% of which is exported, generating revenues of about $200 million per year, chairman of Stone Association of Iran, Abolqasem Shafeie said on Sunday.“Currently only about 20% of the 1,900 stone mines in the country ...

Iran
 
11 Jun 2015 00:38

Can Indonesia save the sea-borne coal market?

(Minews) -  The coal industry always seems to be looking for a white knight to rescue it from some crisis, and it is perhaps ironic that Indonesia, the world's largest exporter, is the next great hope that is to save global miners from the current supply glut.The theory is that as Indonesia ramps ...

Can Indonesia save the sea-borne coal market?
 
11 Jun 2015 00:33

Iran's iron ore exports to end by 2017

(Minews) - Deputy minister of industry, mine and trade, Mehdi Karbasian, says the administration’s special plan to produce iron ore concentrate and iron ore pellets will end the export of unprocessed iron ore by March 20, 2017. Karbasian, who is also the head of Iranian Mines and Mining Industries ...

Iran
 
10 Jun 2015 00:22

Gemfields shines on rare rubies find

(Minews) - Precious stones miner Gemfields, the world’s biggest emerald producer, unveiled Tuesday it has found a rare pair of matching rubies from its Montepuez mine in Mozambique.The news added some sparkle to the company’s stock, which closed 4.17% higher in London at 2.50p.The stones,...

Gemfields shines on rare rubies find
 
10 Jun 2015 00:01

Iran rolls out huge untapped riches

(Minews) - Iran seeks to chisel out a name among the world’s major miners, courting international prospectors into a sector which boasts some of the world’s most stupendous riches but remains vastly underdeveloped. Last week, the country hosted a handful of foreign managers in the sector,...

Iran rolls out huge untapped riches
 
9 Jun 2015 23:55

Iran, Austria to cooperate on steel industry

(Minews) - An Austrian trade delegation visiting Iran underlined the country's willingness to develop cooperation with Tehran on railway transportation, steel industry, modern irrigation, drugs and medical equipment, recycling and waste water treatment."We are interested in joint cooperation in ...

Iran, Austria to cooperate on steel industry
 

At Iran mines & mining Industries conference held in Tehran

9 Jun 2015 23:49

Foreign players optimistic about mining cooperation

(Minews) - The two-day Iran Mines and Mining Industries Conference (IMIS 2015), held in Tehran last week, provided an opportunity for foreign mining industry experts to discuss the future of Iran’s mining sector.Representatives from giant global mining companies, international analysts and foreign ...

Foreign players optimistic about mining cooperation
 
9 Jun 2015 23:44

Indonesia to review coal mining licences in consolidation push

(Minews) - Indonesia will push for consolidation in its mining sector while coal prices are low and may soon revoke more than 4,000 licences that have caused problems, mining and energy minister Sudirman Said said on Monday.Indonesia ships about $2 billion of coal a month and is the world's top exporter ...

Indonesia to review coal mining licences in consolidation push
 
7 Jun 2015 21:49

Top miners slashed costs, spending to cope with price falls - PwC

(Minews) - The world's top 40 mining firms cut costs by a combined 5 percent and capital spending by 20 percent last year as they grappled with a plunge in prices that drove their market value to a 10-year low, a report showed on Thursday.Auditing firm PricewaterhouseCoopers' (PwC) annual survey, which ...

Top miners slashed costs, spending to cope with price falls - PwC
 
7 Jun 2015 21:40

Rio Tinto iron ore boss Andrew Harding says the cost-cut treadmill never stops

(Minews) - Rio Tinto iron ore boss Andrew Harding says he will push staff to keep running on the cost-cutting "treadmill" and retain the mining giant's mantle as the world's lowest-cost exporter, even as gains become smaller and harder to reach.The miner's strict focus comes amid an apparent ...

Rio Tinto iron ore boss Andrew Harding says the cost-cut treadmill never stops
 
7 Jun 2015 21:35

Aynak copper mine extraction project not in Afghanistan’s interest

(Minews) - Afghanistan’s Mine and Petroleum Minister Daud Shah Saba has said the Aynak copper mine extraction project is not in the interest of the country.Briefing the lawmakers in the Lower House of the Parliament – Wolesi Jirga, Saba said he will refrain from the signing of the contract ...

Aynak copper mine extraction project not in Afghanistan’s interest
 
7 Jun 2015 21:17

New innovative cement awaiting government support

(Minews) - Students from the Islamic Azad University of Abhar in the northwestern Zanjan Province have developed a special type of nano cement, used for the production of ultra-high performance concrete, Mehr News Agency reported.The young innovators have developed the capability to produce nano-silica ...

New innovative cement awaiting government support
 
6 Jun 2015 22:25

Chinese investors eye struggling iron miners in Australia

(Minews) - Weak iron ore prices have been taking their toll in the industry, leaving smaller, high-cost producers struggling to survive, particularly in Australia.But for some Chinese investors, the issue has become a key opportunity to secure cheap, ongoing supply of the steel making material, and ...

Chinese investors eye struggling iron miners in Australia
 
6 Jun 2015 22:16

Private sector invests in IMIDRO projects

(Minews) - The Iranian Mines and Mining Industries Development and Renovation Organization and its affiliated companies have invested more than 16.3 trillion rials ($563 million at official exchange rate) to develop the organization’s projects over the past 18 months, according to IMIDRO’...

Private sector invests in IMIDRO projects
 
6 Jun 2015 22:05

Norway will divest from coal in push against climate change

(Minews) - Norway’s $890 billion government pension fund, considered the largest sovereign wealth fund in the world, will sell off many of its investments related to coal, making it the biggest institution yet to join a growing international movement to abandon at least some fossil fuel stocks....

Norway will divest from coal in push against climate change