News List
2/2% increase in world steel production
According to the World Steel Association, according to the reports of 63 countries a 2.2 percent growth of 152.6 million tonnes last month is seen, but in fact it was a 3.72 percent drop from July. In the meantime, China’s output rose 3.2 percent in August, with 86.4 million tonnes. India’s production grew 17.4…
Coal consumption will only begin to decline after 2027 as renewables such as wind and solar energy take over
China’s continued reliance on coal-fired electricity plants is pushing the country “off track” from the Paris Agreement goal of limiting global warming to less than 1.5 degrees Celsius by the end of the century, according to energy analysts. The world’s largest energy consumer, China will increase its coal consumption until 2026 and will only…
Iran 10th largest steel producer in the world
Iran produced 19.7 million metric tons (mt) of crude steel in the first eight months of 2023, retaining its position as the tenth largest steel producer in the world, according to new data. Figures released by the World Steel Association on Monday showed that from January to the end of August 2023, global crude…
Localization program of $750 million in mine and mining industries leading by IMIDRO
The foreign exchange saving of Mining companies & Mining Industries’ Localization Program is expected to reach about $750 million this year. In this planning, mining companies and mining industries will participate in steel, copper, aluminum and coal chain and special economic zones. Last year’s localization target was more than $500 million. Earlier, in line…
Mehdiabad connected to the national electricity grid / Cold testing of the factory began in August
According to Public Relations of IMIDRO: Hamid Reza Hedayat, the manager of this complex, announced the connection of the Mehdiabad to the nationwide electricity grid. He added: In order to provide electricity for the construction of the Mehdiabad Lead and Zinc Processing Plant, Bahadoran 33/132/400 kV Substation has been established at a distance of…
Positive outlook for global metals market
A survey by the research institutes indicates that the commodity market will continue to rise in the last five months of 2023. According to the analysis of the Chinese economy and the fluctuations in the U.S. dollar, the average price of some metals and minerals such as steel and gold is expected to increase…
Launching 13 industrial megaprojects
The Minister of Industry, Mine &Trade , Abbas Aliabadi presented the list of 13 mega projects in the coming days, and added that knowledge-based companies can work in these megaprojects individually or in teamwork. Abbas Aliabadi in a meeting with members of the National Association of Knowledge-based Companies added: our goal is creation and…
IMIDRO Plans to Attract Investment for Development in 10 Mines
IMIDRO plans to attract private sector investment by the end of the current Iranian Calendar year (ended March2024) in order to develop 10 mines, IMIDRO’s mines manager announced. According to the report of public relations of IMIDRO, IMIDRO and IMPASCO plans to attract private sector investors for development of iron ore, coal, zinc &…
Due to China fundamentals, iron ore prices increase
The spot price of iron ore has climbed to a five-month high amid improving sentiment and some supportive fundamentals in China, the world’s top buyer of the steel raw material. However, there are also some factors that may limit the extent of the rally in coming weeks, such as the likely official moves to…
China,s revision of mine safety law after deadly accidents
China’s mine safety administration is drafting revisions to the country’s mining safety law, an official said on Monday, after two coal mine accidents killed more than 60 people this year. The law, implemented in 1993 and revised in 2009, has some “prominent problems”, Xue Jianguang, a director at the State Administration of Mine Safety,…
