Chinese local authority shuts steel mills in pollution fight
(Minews) - Local authorities in China have closed a number of steel mills after they failed to meet environmental standards, industry sources said on Thursday, as the central government toughens its fight against pollution.Premier Li Keqiang told the opening session of the National People's Congress ...
IMIDRO to invest in rural areas
(Minews) - Based on a new resolution passed by the parliament on Sunday, the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), the Industrial Development and Renovation Organization of Iran (IDRO), and the Iran Small Industries and Industrial Parks Organization (ISIPO) ...
Mine discoveries growing in Iran
(Minews) - According to official statistics released by the ministry of industry, mine, and trade, 80 mine discovery certificates were issued during the 10th month of the current Iranian calendar year (December 22-January 20), indicating 3.9% growth compared to the previous month when 77 certificates ...
MB DRI & PELLET: What we learned at this week's Abu Dhabi conference
(Minews) - Pellet premiums and prospects for direct reduced iron (DRI) steelmaking in the Middle East-North Africa (Mena) region peppered sober debate at Metal Bulletin’s 3rd World DRI and Pellet Congress.The conference, held on March 2-4 at the Ritz-Carlton in Abu Dhabi, was smaller than last ...
Iran to impose anti-dumping duty on steel imports
(Minews) - In a meeting between the ministry of industry, mine, and trade and steel manufacturers, it was decided that 10-20 percent duty will be imposed on the import of steel products, in a bid to protect domestic steelmakers against China's dumping policy, announced deputy industry minister, Mehdi ...
Iran’s cement output hits 61m tons in 11 months
(Minews) - Iran produced 61 million tons of cement in the first eleven months of the current Iranian calendar year, which began on March 21, 2014), the ILNA news agency reported on Tuesday.Moreover, 64 million tons of clinker -- lumps or nodules, usually 3–25 mm in diameter, produced by sintering ...
Goa miners seek abolition of export duty on iron ore
(Minews) - Goa miners today demanded complete withdrawal of export duty on iron ore produced in the state saying its low-grade variant has few takers in the country and outward shipments are also not profitable given the current subdued global prices."There is a need for withdrawal of export duty ...
Rio Tinto thermal coal mine in Australia cleared to expand
(Minews) - Australia's Bengalla coal mine has been cleared to boost output by a third and operate for another two decades, majority owner Rio Tinto said on Wednesday.Rio Tinto subsidiary Coal & Allied and 40 percent partner Wesfarmers Ltd have been seeking the clearance by the New South Wales state ...
Copper glut fades on mine cuts as China buys stockpiles
(Minews) - Copper mines from Australia to Zambia are confounding forecasters as slumping prices and mine disruptions threaten to erase a global production surplus.Companies including BHP Billiton Ltd and Rio Tinto Group have reported accidents and equipment breakdowns while announcing 2015 spending ...
Steel plant expansion to add 3mt to capacity
(Minews) - The sponge iron production unit of Chabahar Steel Plant will become operational by September next year, IRNA quoted deputy industry minister and director of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), Mehdi Karbasian, as saying on Sunday.The plant ...
Iran planning to expand investment in Afghanistan's mineral resources
(Minews) - An Iranian mining industry official said that the country is keen to expand its investment activities in Afghanistan, in mining and processing industries in particular.Amir Khorrami Shaad, a senior official at the Iranian Mines and Mining Industries Development and Renovation (IMIDRO), said ...
This pink diamond gold coin is set to make history
(Minews) - The Perth Mint unveiled Tuesday a gold coin worth over US$6,000 (almost A$9,000), which features a rare Argyle pink diamond to depict a Kimberley sunset over a boab tree in the northwest wilderness region of Western Australia.Struck in two ounces (56 grams) of 22-karat gold to proof quality,...
Global iron ore surplus seen by World Bank lasting two years
(Minews) - If history is any guide the global glut in iron ore may persist for as long as two years, according to the World Bank, which forecasts that the steel-making raw material will average $75 a metric ton this year. “From experience from earlier iron ore episodes as well as other metal markets,...
Potential of Iranian steel industry equal to 2.5m barrels of oil
(Minews) - Vice Chairman of Iron Ore Association Bahram Shakuri said the prospects of steel production in the country is estimated at 55 million tons which will obtain a revenue equal to 2.5 million barrels of oil if the value chain is completed.Pointing to the global drop in metal prices and lack of ...
IMIDRO support for downstream mineral industries
(Minews) - Supporting downstream industries and completing the production chain of the mining sector were described by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) as the group’s major strategic plans.“Boosting production in the mining and mineral ...
IMIDRO pursues overseas technical, engineering markets
(Minews) - An official at the Iranian Mines and Mining Industries Development and Renovation (IMIDRO) said the organization is following up implementation of projects abroad with an aim of exporting technical and engineering services and preparing the ground for the presence of investors.Amir Khorrami ...
Iran discovers huge iron ore, coal reserves
(Minews) - Deputy Minister of Industry, Mines and Trade Mehdi Karbasian said two huge iron ore and coal reserves were discovered in Iran in the first half of current Iranian calendar year (started on March 21, 2014).Karbasian, who is also, chairman of the Iranian Mines and Mining Industries Development ...
(Minews) - Iran Mercantile Exchange (IME)’s industrial and mining trading floor featured various commodities offered by the National Iranian Copper Industries Company (NICIC) on Sunday. The IME said that 4,000 tons of copper cathodes, with the base price of 193,047 rials per kg, 3,...
India to raise import tax on steel to counter China threat
(Minews) - India will raise the import duty on steel by 5 percentage points from April 1, Finance Minister Arun Jaitley said on Saturday, to stem a flow of cheap supplies from China and Russia.The government would raise the tariff to 15 percent from 10 percent, Jaitley said in his budget for the next ...
Australia's gold output at decade high as miners cash in on currency drop
(Minews) - Australia recorded its highest annual rate of gold production in a decade in 2014, accelerating the depletion of high-grade mine reserves, a survey released on Sunday said.Gold output in Australia, the second highest producing nation after China, rose to 284 tonnes in 2014, up 11 tonnes or ...
