Azerbaijan gold output up 64.4% in Jan-Feb
(Minews) - Gold production in Azerbaijan during January - February period this year totalled 336 kilograms, surged by 64.4% from the corresponding period last year.The country also produced 12.2 kilograms of silver during the first two months of this year, declined 79% from a year earlier, ABC.AZ reported ...
Iran's concentrated copper output surpasses 728,000 tons in 11 months
(Minews) - The Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced that concentrated copper produced in the 11 months of current Iranian calendar year by three companies reached 728,600 tons.The figure showed a one percent growth compared to the same period last year....
German technicians visit alumina production line in Azarbaijan province
(Minews) - A group of German technicians visited the production line of alumina from nepheline syenite in Sarab, Azarbaijan province under administration of Iranian Mines & Mining Industries Development & Renovation (IMIDRO) on Saturday.The technicians have been dispatched by a German company ...
Iran exports over 17.5m tons of cement, clinker in 11 months
(Minews) - Minister of Industries, Mines and Trade announced on Saturday that in the first 11 months of the year (started on March 21, 2014) more than 17.5 million tons of cement and clinker were exported, almost 98 percent being ahead of the target set for the exports in the sector this year.More than ...
Who benefits from the iron ore supply glut?
(Minews) - One question that skulks like an elephant in a room where the iron ore industry has gathered is who has benefited the most from bulging global supplies.The Anglo-Australian pair of BHP Billiton and Rio Tinto are happy to tell you how they have successfully ramped up output at costs low enough ...
China ends ban on foreign majority control in steel sector
(Minews) - China on Friday moved toward ending a ban on foreign majority control of its steel companies, a potential shot in the arm widely seen by analysts as coming too late for the nation’s beleaguered industry.The country’s top economic planning agency, the National Development &...
Japan continues to re-embrace coal
(Minews) - Japan is continuing to re-embrace coal to make up for its lack of nuclear energy, with plans for another power station released Thursday bringing the number of new coal-fired plants announced this year to seven.Utilities in Japan are eager to take advantage of coal’s relative cheapness ...
Mehdiabad mine development plan on track
(Minews) - Close to 30 million metric tons of minerals will be extracted from Mehdiabad zinc and lead mine in the central Yazd Province in one year, reported the public relations of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) last week.Based on the report,...
CME reports incorrect copper prices
(Minews) - Exchange operator CME Group Inc. sent out incorrect copper settlement prices on Friday, the second time in a week that the company published erroneous futures market data.CME Group, which owns the New York Mercantile Exchange and its Comex division, transmitted incorrect preliminary settlements ...
China's Jan-Feb crude steel output falls 1.5 pct
(Minews) - China's crude steel output fell 1.5 percent to 130.5 million tonnes for the first two months of 2015, government data showed on Wednesday, as a supply glut and slower demand growth led mills to bring forward scheduled maintenance to curb output.Average daily steel output slipped to 2.212 ...
Vale transfers Guinea mining stake to BSG Resources
(Minews) - Brazilian mining giant Vale SA said Friday it has transferred its stake in a troubled mining joint venture in the West African country of Guinea back to its partner, BSG Resources Ltd.The Guinean government stripped the companies of their rights to a highly coveted iron-ore concession in ...
Iran's mining sector hurt by sliding iron ore prices
(Minews) - The sharp global decline in iron ore prices has led to lower profitability in the mining sector, dissuading some countries from investing in Iran’s mining sector, Eghtesadnews reported.Some companies from the UAE had earlier shown interest to invest in Iran’s steel and mining ...
IMIDRO ahead of exploration plan
(Minews) - The Iranian Mining and Mines Industries Development and Renovation Organization (IMIDRO) has explored 188,000 square kilometers of the country’s area during the 11 months of the current Iranian calendar year (to end March 20), IRNA quoted IMIDRO as reporting.This is while the organization ...
Flood of aluminum seen heading for market as financiers eye exit
(Minews) - A deluge of aluminum, held as collateral in financing deals, could be released back onto global markets as surging Chinese exports of the metal cause surcharges for physical material to extend their dramatic slide.Premiums - which lurched lower for the first time last month after years of ...
Russia gold production seen rising by 3 pct in 2015
(Minews) - Russia's 2015 gold production is likely to rise by 3 percent in annual terms to 298 tonnes, Sergei Kashuba, head of Russia's Gold Producers Union, told reporters on Wednesday.While a slump in the rouble since early 2014 has made many investors wary of starting new investment projects, Russian ...
Iran boosts steel import duties as protectionism gathers pace
(Minews) - Iran has raised duties on certain steel imports to between 10 and 20 percent as protectionism in the global steel sector gathers pace amid a flood of sales from top producer China.China's steel exports rose 50.5 percent last year to a record 94 million tonnes, or about a quarter of world ...
Rio Tinto sees iron ore mines closing at slower pace in 2015
(Minews) - Global miner Rio Tinto expects some 85 million tonnes of iron ore capacity to be taken out of the world market in 2015 because a price slump has made it too costly to produce, on top of an estimated 125 million tonnes last year.Chinese mines - among the least efficient globally - will absorb ...
Copper cathodes will be offered only at IME
(Minews) - Head of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), Mehdi Karbasian says as of April 21 copper cathodes will only be sold at the Iran Mercantile Exchange (IME), in a move aimed at eliminating middlemen, IME website reported.Following the sudden ...
(Minews) - Mining companies produced more than 31 million metric tons of iron ore during the first 11 months of the current Iranian year (to end March 20), which shows close to 1% growth compared to the same period last year, Iranian Mines and Mining Industries Development and Renovation Organization ...
European countries preferring Iran's steel products to Chinese, Russian
(Minews) - Managing Director of Iran's Mobarakeh Steel Company Bahram Sobhani said European customers prefer his company's steel products to Chinese and Russian products even if they need to pay a higher price."The consumers of Mobarakeh steel products prefer this company's products to Chinese ...
