Angouran zinc and lead extraction on the rise
(Minews) - The Angouran Lead and Zinc Complex exported 62,055 metric tons of ore to processing facilities in the first month of the Iranian calendar year; indicating 41% growth compared to the similar period last year, Eghtesad-News reported citing statistics provided by the IMIDRO.The company ...
EU to impose duties on imports of electrical steel
(Minews) - The European Union will impose anti-dumping duties from Thursday on imports of a grade of electrical steel from China, Japan, Russia, South Korea and the United States, its second set of measures this year to protect European steel producers.The European Commission has set tariffs on imports ...
BHP, Rio Tinto face political heat in Australia over strategies
(Minews) - BHP Billiton and Rio Tinto face mounting political pressure in Australia over taxes and flooding the global iron ore market while the price of the steel-making commodity plummeted.Independent federal Senator Nick Xenophon has called for an inquiry into the impact on the Australian economy ...
Rusal sees aluminium price stabilising in tough market
(Minews) - Russia's United Company Rusal Plc quadrupled its quarterly core earnings on Wednesday, helped by a weaker rouble and lower costs, and said it would remain focused on supply discipline and cost control.The world's top aluminium producer said while all-in aluminium prices had fallen 20 percent ...
Iran’s mining sector in high demand for foreign investment
(Minews) - There is a high demand for foreign investment in Iran’s mining projects, so that many multinational companies have put in their investment requests, according to Iranian Deputy Industry, Mining, and Trade Minister Mehdi Karbasian. Companies from Germany, Spain, Denmark, Belgium, England,...
Cement industry gearing up for regional markets
(Minews) - Based on negotiations held with officials at the Iran Mercantile Exchange (IME), cement will once again be offered at the IME's export trading floor within the next month, ISNA cited the secretary of the Cement Industry Employers Association, Abdolreza Sheykhan, as saying."Cement was ...
Iran's aluminum sector looks set to boom
(Minews) - The rapid growth in aluminum output in the first month of the current Iranian calendar year (ended April 20) has brought hope that the country may graduate from the current 19th biggest global aluminum producer to the 17th, ISNA reported.The statistics provided by the Iranian Mines and Mining ...
Almahdi's aluminum ingot production rising
(Minews) - According to the Ministry of Industry, Mine and Trade, the production of aluminum ingots and anodes in Almahdi Company has been on the rise over the past four months, Mehr news agency reported. The company’s average production over the period has reportedly been 510 metric tons of ingots ...
U.S. offers over $35 million for hard-hit coal communities
(Minews) - The United States has released $35.5 million to help communities hit hard by the decline in coal mining to diversify their economies and retrain displaced miners, U.S. Labor Secretary Thomas Perez said on Monday.Perez announced the move at the Shaping our Appalachian Region (SOAR) summit ...
S.African trade delegation explore Iran business opportunities
(Minews) - A South African delegation, comprised of 60 businessmen from mining, telecommunications, engineering, agro-processing, and transport sectors, met officials of Iran’s Chamber of Commerce, Industries, Mines, and Agriculture in Tehran. The delegation, headed by South African Foreign Minister ...
Peru says halts talks with Southern Copper over possible 'wrongdoing'
(Minews) - Peru's energy and mines minister said on Monday that she has halted talks with Southern Copper Corp over its stalled $1.4 billion Tia Maria project until the miner explains its role in possible "wrongdoing."The government summoned German Larrea, the chief executive officer of Southern ...
Iran to construct cement, medicine factories in Iraq
(Minews) – The Iranian minister of cooperatives, labor, and social welfare, who is on an official visit to neighboring Iraq, announced that Iran plans to build two new factories in the Arab country in the near future.Speaking to reporters upon his arrival at Baghdad airport on Monday evening, ...
Areva may cut 3,500 French jobs, sell mines
(Minews) - Struggling French nuclear power group Areva may sell mining assets and cut as many as 3,500 jobs, or 10 percent of its domestic workforce in a restructuring, newspaper Le Figaro said on Wednesday.Areva management is preparing to present the planned cuts to unions at the 87 percent state-owned ...
The first consignment of bitumen exported from Lengeh Port
(Minews) - Director of Ports and Shipping Office of Lengeh Port said on Saturday that the first consignment of bitumen in current year was exported. The weight of the shipment was 3,100 tons.Esmaeil Makizadeh told reporters that destination of the consignment was the United Arab Emirates.He added that ...
Foreign companies welcome participation in Iran’s coal projects
(Minews) - Managing Director of Central Alborz Coal Company said Iran’s talks with 5+1 have changed international conditions as such that today foreign companies, European in particular, are according warm welcome to cooperation with Iran in the field of coal.Speaking to reporters in Savadkouh,...
Glencore blames rivals for creating metals glut
(Minews) - The head of global mining and trading company Glencore said rivals were to blame for an oversupply of metals which depressed its share price.Despite a partial recovery in the last few months, Glencore's shares are down about 6 percent from a year ago, under pressure from a rout in prices ...
China lures India with deep sea mining cake
(Minews) - A week before Indian Prime Minister Narendara Modi is set to visit the country, China said it was ‘eager to cooperate’ with India on deep sea mining in the Indian Ocean, reports Press Trust of India. China's sweetheart deal is to break through India's resistance to its attempt ...
(Minews) - According to deputy minister of industry, mine and trade, Ja’far Sarqini, 2,200 mines out of 7,600 mines in the country remained inactive over the past Iranian calendar year (ended March 20).The inactivity of almost 29% of the national mines is a real cause for concern for a country ...
Silver mine supply is running out of steam
(Minews) - After 12 straight years of gains, global silver production is expected to fall in 2015 as lower prices take a toll.Silver mine production rose 5% in 2014 to reach 877.5 million ounces, the 12th successive gain and a new record, according to the World Silver Survey, published by industry lobby ...
Aluminium Bahrain Q1 net profit more than doubles
(Minews) - Aluminium Bahrain (Alba), owner of one of the world's largest aluminium smelters, reported a 117 percent rise in first-quarter net profit on Thursday.The company's net income for the first three months of 2015 was 37.2 million dinars ($98.7 million), up from 17.1 million dinars in the same ...
