India to Export Rails Worth $150m to Iran
In a bid to develop railroad and other infrastructure at Chabahar Port, Indian steel companies will export rails worth $150 million to Iran in July.
The Indian daily business newspaper Mint reported on its website that both countries have deliberated on moving the historic pact between the nations further on the strategic port in southern Iran, which will give India access to Afghanistan and Europe by passing Pakistan. Moreover, IRCON will build a rail line in Chabahar to move goods right up to Afghanistan. The rail links are being built so that the landlocked Afghanistan can get access to the Iranian port as an alternative to the Pakistani port of Karachi. The pact to develop Chabahar and other infrastructure was signed during Indian Prime Minister Narendra Modi’s visit to Iran last month. India says it plans to invest billions of dollars in setting up industries ranging from an aluminum smelter to a urea plant in Chabahar Free Trade Zone.
source: Financial Tribune
Top News
Five last month
Two last year
US Energy Dept finalizes $2.26bn loan for Lithium Americas’ Nevada mine
Abandoned copper mines embraced as fast track to boost output
Glencore posts lower metals output for first nine months, reiterates outlook
Mercuria eyes equity in African assets, new metals boss says
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Traders see gold as a surefire bet as coin-toss election looms
Gold price surge adds glitter to tarnished miners
Environmentalists sue over US approval of ioneer’s Nevada lithium mine
Gold price shows little reaction to jobs data
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
Liberty Gold advances Black Pine project permitting
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years