Railway fleet receives 213 new domestically-made locomotives, wagons

During the ceremony, Saied Rasouli, the head of Islamic Republic of Iran Railways (known as RAI), said that the number of domestically produced locomotives and wagons has increased by 58 percent, adding that according to a memorandum signed last year with the Budget and Planning Organization (BPO), by the end of the next Iranian calendar year (March 2021) another 974 locomotives will be added to the country’s rail fleet. According to the official, a total of 1791 locomotives and wagons worth 20 trillion rials (about $476.2 million) are planned to be added to the county’s railway fleet. “By the end of the current Iranian year [March 19, 2020], 37 passenger wagons, 30 locomotives and 217 freight wagons will be added to the rail network,” Rasouli added. The official noted that currently the average age of the country’s passenger and freight wagons stands at 24 years, and the number will decrease significantly when the new wagons join the fleet. Back in June, Rasouli had announced that 20 trillion rials (about $476.2 million) has been allocated for renovation of 1000 passenger and freight wagons and also locomotives in the current Iranian calendar year (began on March 21). He said this amount has been allocated by the Planning and Budget Organization. In this year, which is named as the year of "Pickup in Production" by the Supreme Leader Ayatollah Seyed Ali Khamenei, all efforts of RAI are for renovating the railway fleet of the country by relying on domestic producers, the official further stressed. According to Saeed Mohammadzadeh, the previous head of RAI, development of Iranian railways requires more than 32,000 wagons and locomotives in the next four years when the railway infrastructures are developed in the country.source: Tehran Times

Railway fleet receives 213 new domestically-made locomotives, wagons

300km new railway to be inaugurated by next March

Copper slips as US data stokes worries about rate-cut policy

El Salvador sitting on $3 trillion worth of unmined gold, president says

Gold price could extend record run into 2025, Heraeus says

Trump tariff risk roils gold and silver as New York prices jump

Rio Tinto’s $2.5 billion lithium plan is a win for Milei

Copper price jumps on China policy, but we’ve been here before

Zimbabwe wants 26% free-carry stake in new mining projects

Glencore ties up with Cyclic Materials in copper recycling push

Lithium supply surplus set to stay with battery makers’ help

China tightens rules to curb methane emissions from coal mines

Rio Tinto, BHP, and BlueScope to build ‘green iron’ plant

Arcadium Lithium investors sue miner over Rio Tinto takeover

Skeena advances Eskay Creek permitting, unlocks Orion funding

US foreign investment panel split on Nippon-US Steel deal

Norge Mining acquires Europe’s largest natural graphite producer

Australia’s CEFC invests $75m in homegrown critical minerals

Forensic technology aids Brazil’s crackdown on illicit Amazon gold trade

Mobarakeh steel is producing green steel through scrap recycling

BHP seeks Brazil growth to emerge from shadow of mining disaster

Norilsk Nickel plans to sell all it produces in 2025