Tag Archives | copper

MRC expands Iran Operations

Australian-based Mineral Commodities Ltd (ASX:MRC) through its wholly owned Iranian subsidiary Madan Rahjo Kanyab Company has announced that it has entered into agreements to acquire existing operations and to joint venture with in-country partners to explore and develop copper, gold, cobalt, nickel, zinc and potash-lithium projects in Iran. The Company has been actively establishing its […]

Amedeo Buys Stake in Iranian Copper Mine

UK-based Amedeo Resources has announced that it has acquired a 2.5-percent stake in Ganjine Kani Company (GKC) for US$500,000, a copper mining company close to the city of Mashhad in Iran. As part of the transaction, Amedeo has a 5-year option to acquire a further 5% of GKC for US$2 million. GKC is a producing […]

MACMID seeks up to $4bn for Copper, Steel Projects

A private Iranian company is seeking joint venture partners to help develop copper, steel and other projects in the country, according to report from Reuters. Managing director Ebrahim Sadeghi of Mahan Company for Mines and Industries Development (MACMID) said on Tuesday: “We are looking to bring in international partners to jointly develop local deposits … […]

FLSmidth: Iran one of our Most Important Markets

By John Lee. Danish-based engineering company FLSmidth has opened an office in Tehran on Tuesday. Following an opening ceremony hosted by the National Iranian Copper Industries Company (NICICO), Per Mejnert Kristensen (pictured), the President of FLSmidth’s cement division, told Tehran Times: “FLSmidth has a very long time history in Iran. We have been here for […]

Delegation from Major Copper Producer to Visit Iran

A high-ranking delegation from the German company Aurubis, the largest copper producer in Europe, plans to pay an official visit to Iran to explore avenues for closer cooperation between the two countries, a senior Iranian official announced. CEO of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) Mahdi Karbasian (pictured) said that […]

Glencore in talks to Develop Iran’s Copper Industry

By John Lee. Glencore is reported to be holding discussions with Tehran about setting up a copper industry in Iran. Iran wants to expand its copper production to 10 times the current levels by 2025, The Times said on Friday. While the Iranian government has signed a deal with commodities giant Glencore, Tehran has also […]

German Firm to Invest €1b in Iran’s Copper Industry

By John Lee. Germany copper company Mansfelder Kupfer und Messing GmbH has signed a memorandum of understanding to invest €1-billion in a number of project in Iran. IRNA reports that under the deal, signed with the National Iranian Copper Industries Company (NICICO), MKM would help Iran develop its downstream industries to obtain copper from copper […]