Tag Archives | Iranian Mines & Mining Industries Development & Renovation (IMIDRO)

UK-based Mining Firm in Iran Deal

UK-based Alexander Mining has announced that it has executed a commercial and technical partnership agreement with Turkish specialist mineral processing consulting company Proses Mühendislik, Danışmanlık, İnşaat ve Tasarım AS (“Proses”). The Agreement covers the potential application and use of Alexander’s proprietary processing technologies and know-how (“MetaLeach Technology”) in the Middle East, including Turkey and Iran […]

IMIDRO in Mining Deal with Czech Republic

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) signed a memorandum of understanding (MoU) with the Czech Republic to boost cooperation in the mining industry. The document was signed in a meeting in Tehran between IMIDRO Managing Director Mehdi Karbasian and Czech Deputy Minister of Industry and Trade Eduard Muricky. The MoU […]

PSEZ “Best Choice” for Petchem Investment

Iranian Minister of Petroleum Bijan Zangeneh says the Parsian Special Economic Zone (PSEZ) is the best place for petrochemical investment. Addressing a meeting of senior petroleum ministry officials held to discuss investment opportunities in the zone Sunday, the official voiced Iranian Ministry of Petroleum’s keenness to invest and support investments in the region. He expressed […]

Iran’s Iron Ore Concentrate Production Up 43%

By John Lee. Major Iranian iron ore companies produced 6,053,900 tonnes of iron ore concentrate during the two-month period from 20th March to 21st May 2017, a 43 percent increase on the 4,225,579 tonnes produced in the corresponding period of last year. Gol-e-Gohar Company ranked first with production of 2,140,000 tonnes of iron ore concentrate. […]

Feasibility Study of Guinea Bauxite Project Confirmed

Final feasibility study report of Conakry Guinea bauxite project was confirmed by IMIDRO and Conakry Guinea Minister of Geology and Mines. Both sides defined the terms of cooperation for cost reduction, implementation and financing project as well. According to the report of public relations of IMIDRO, this report confirmed and approved by Mehdi Karbasian chairman […]

Iran Launches Foreign Investment Plan for Steel Sector

The first foreign investment plan for the steel sector waws inaugurated in Eshtehard Industrial Park with the attendance of Minister of Industry, Mine and Trade and chairman of the board of Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO). According to the report of public relations of IMIDRO, deputies of Industry, Mine and […]

$1bn Deal to Develop Iranian Zinc Mine

By John Lee. The state-run Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO) has signed a deal with a consortium of six private companies to develop Mehdiabad, one of the world’s largest zinc mines. The group is led by the Mobin mining company, and the deal will involve “mine operation and construction of […]

IMIDRO Seeks $3bn Loan from NDFI

The mining sector needs to borrow $3 billion from the National Development Fund of Iran (NDFI) for its development and growth, chairman of the board of Iranian Mines and Mining Industries Development and Renovation (IMIDRO) said. Mehdi Karbasian added that with this loan the organization will be able to attract up to $9 billion in […]

Why Iran is Moving to Halt Exports of Raw Minerals

By Maysam Bizaer, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Mining could play a pivotal role in all economies, whether directly or indirectly, through providing materials for other industrial sectors. In Iran, the mining sector remains underdeveloped, despite the fact that the country is […]

Iran’s Steel Output Up by 24% in October

Iran’s total production of crude steel in October 2016 increased by 24 percent compared to the same month last year, the latest report by the World Steel Association said. Iran’s crude steel production in October 2016 stood at 1.64 million tons, indicating a growth of 24% compared with the same period in 2015, data released […]

China to issue $10bn to Finance Iranian Projects

By John Lee. China’s CITIC Group Corporation, formerly the China International Trust and Investment Corporation, has expressed its readiness to allocate a $10 billion loan for Iranian mineral projects, the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said. According to a report from Trend, company official Zhou Yafang said the required permissions […]

Outotec to Supply Iran Iron Project

By John Lee. Finland’s Outotec has been awarded a contract by Shangdong Province Metallurgical Engineering Co., Ltd. (SDM) for the delivery of process equipment to the Sangan Iron Concentrate Project in North-Eastern Iran. The Iranian Mines and Mining Industries Development & Renovation Organization (IMIDRO) owns the Sangan mines and SDM is their engineering partner. The […]

IMIDRO to Complete 34 Projects by Year-end

Iranian Mines & Mining Industries Development & Renovation (IMIDRO) intends to carry out 34 mining projects by the calendar yearend to March 19 2017, a senior industrial official said. Iranian Deputy Trade Minister and head of the IMIDRO, Mehdi Karbasian, said on Sunday that the projects will be completed with an investment of $7.2 billion. […]

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 […]

Full List of MoUs signed between India and Iran

Full list of memoranda of understanding signed during the visit of the Indian Prime Minister to Iran: Title of MoU Description Signatory from Indian side Signatory from Iran side 1. India-Iran Cultural Exchange Programme The objective is to extend the CEP for the period 2016-2019 covering the areas of culture and art; radio, TV, mass […]

Iran, India consider Joint Aluminum Smelter

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and India’s National Aluminum Company (NALCO) signed a memorandum of understanding (MoU) to explore the possibility of setting up a joint aluminum smelter in southern Iran. The MoU was signed during a ceremony on Monday, attended by Iranian President Hassan Rouhani and visiting Indian […]

Iran’s Steel Output Hits 5.5m Tons in 4 months

Iran has produced over 5.5 million tons of steel in the first four months of 2016, data released by the World Steel Association shows. Iran’s steel production from January to April 2016 stood at 5.57 million tons indicating a growth of 1.5% compared with the same period last year. The Islamic Republic had produced 5.488 […]

Iran Seeks Partners for $10bn Expansion in Aluminium

By John Lee. Bloomberg reports that Iranian miners are looking for $10 billion to develop a domestic aluminium (aluminum) industry. Mehdi Karbasian, managing director of the state-owned Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said Iran’s current production of 350,000 metric tons a year is below capacity of 470,000 tons due to […]

China to Set Up 3 Aluminum Projects in Iran

China’s Sinosteel Corporation has signed a Memorandum of Understanding (MoU) with Iranian Mines & Mining Industries Development & Renovation (IMIDRO) to implement three projects in Iran’s aluminum industry. Based on the MoU, subsidiary Sinosteel Equipment and Engineering Co. Ltd. will implement three projects, including: a plant for production of alumina powder ( 1.6 million tons); […]

France’s Fives wins Iran Aluminium Deal

By John Lee. French industrial engineering company Fives Group has been awarded a deal to set up a major aluminum plant in Iran. The $400-million deal was signed with the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), and will see Fives increase Iran’s production of aluminum anodes by 450,000 tons in a year. […]