News List
Increase of electricity production by nearly three times within a year
IMIDRO is planning to increase its production of electricity by nearly three times within a year as part of a government program to diversify electricity supply in the country. Chairman of the board of IMIDRO stated : electricity output would reach 2 gigawatts (GW) in mid-summer next year for the industries. Mohammad Reza Movassaghi…
Ground breaking ceremony of three development projects in Khoor and Biabanak Potash Complex with presence of Movasaghi Nia
Chairman of the Board of IMIDRO with the presence of local and provincial authorities Carried Out the ground breaking of Three Development potash Projects of Khoor and Biabanak Complex. According to Public Relations of IMIDRO , these plans include the construction of new exploitation pools with an investment of 4,800 billion rials, construction of…
Australian iron ore miner Fortescue’s profit falls in FY23 as Iron Bridge impairment weighs in
Australian mining group Fortescue reported record shipments of 192 million tonnes of iron ore in its fiscal 2023 (FY23), up 2% compared to FY22 and at the top end of market guidance. However, Fortescue said its C1 production costs of US$17.54/wet metric tonne (wmt) were 10% higher than the previous year, primarily reflecting an…
Gold price edges higher as US dollar, bond yields retreat
Gold prices edged higher on Monday, helped by a retreat in the US dollar and bond yields, while investors await a slew of economic data this week for more clues on interest rate outlook.Spot gold rose 0.5% to $1,924.20 per ounce, approaching its highest in three weeks. US gold futures were 0.6% higher at…
$7.2 billion in 4 months, Iran’s exports to West Asia
West Asia Department of the Trade Promotion Organization of Iran, director general stated: Iran’s exports to West Asia hit $7.2 billion in the first four months of the current Iranian year. Farzad Piltan said on Sunday that $7.2 billion in goods weighing 20,850 million tons were exported from Iran to West Asia during the…
German steel production declines
Germany’s crude steel production fell by 0.5 percent annually by 2.96 million tons in july of this year. In the first seven months of the year, steel production fell 4.6 percent in compared with the previous year, with 21.48 million tons.Cast iron production increased by 7.0 percent in the seven months to 1.14 million…
Message of managing director of National Iranian Steel Company on the occasion of Employee Day
Managing director of National Iranian Steel Company in a message on the occasion of August 26, “Employee Day ” congratulated the government week and the days commemorating the great martyrs Rajaee and Bahonar, and considered this day as a day of celebration of the dignity of the human beings, whose hard working is their…
Opening of the Briquetting Unit of Qhaenat Steel Complex ; On the occasion of the Government Week
The Briquetting Unit of ghaenat Steel Complex was opened and put into operation yesterday afternoon on the occasion of the Government Week with the presence of the governor of South Khorasan, the representative of ghaenat people in the Islamic Consultative Assembly and a group of local Authorities and officials. According to the Public Relations…
The Governor of Kerman suggestion: ban of coal imports
The Governor suggested: if Isfahan,s coal imports are banned or released necessarily, part of the problem of Kerman province mines will be solved. Mohammad Mehdi Fadakar in the administrative council of Koohbanan , with the presence of Minister of Cooperatives, Labor and Social Welfare, stated :”Coal is shared between the cities of Kohbanan, Zarand…
Iran officially becomes member of BRICS
The Islamic Republic of Iran officially became a member of the BRICS bloc of emerging economies, the Iranian president’s deputy chief of staff for political affairs has announced.Iran joined the BRICS group of Brazil, Russia, India, China, and South Africa as a full member, Mohammad Jamshidi wrote on his Twitter page, according to the…
