Karbasian Announced: Iran Steel Exports Hit 6 MT
Iran Steel exports increased from 200 thousand to 6 million tonnes in 11th government, Chairman of the board of IMIDRO announced.
During the current Iranian year (started March 20, 2017) mineral products prices have an increasing trend. So, small mines should be aggregated and formed a consortium in order to reduce costs, Mehdi Karbasian said.
“We attracted 2 billion euros investment in 7 provincial Steel projects. At the beginning of the 11th government there were many problems in country’s mining industry but we tried to solve most of them”, Deputy Mine, Industry and Trade Minister expressed.
He noted the foreign investment situation in mining sector and said: South Aluminum Project attracted one billion dollars finance. Also, Mehdi abad consortium convinced one of the credible companies to invest in Iran.
Karbasian declared that during the last Iranian year 400 million tonnes of iron ore, 350 million tonnes of coal and 50 tons of gold were added to the country’s mineral reserves.
The first step for attraction of foreign investment is interaction and communication with global banking and insurance systems. In this case, after president Rouhani’s visit to Italy and France in last Iranian calendar year(ended 20 March2017), we established economic relations and transfer money with insurance companies such as SACE, Cofas, Hermes in Germany and South Korea. Then, we entered the cycle of obtaining loans, investment and licenses, he said.
source: imidro
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Gold loses some luster after Trump’s decisive win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Families gather at South African mine shaft where hundreds are feared stuck underground
Higher silver supply to reduce global deficit by 4% in 2024
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Resolute Mining says it will pay Mali $160 million in tax dispute
Trump chooses oil fracking boss as energy secretary
Gold loses some luster after Trump’s decisive win
