Tag Archives | mining

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 […]

Iran’s Metal Exports Rise Sharply

By John Lee. Exports of zinc, aluminum, and molybdenum value chains were up 65%, 28%, and 30% respectively in the first nine months of the Iranian calander year. According to MNA, zinc chain exports reached 149,000 tons, valued at $302.3 million, a 5% increase in weight and a 65% increase in value compared to 21 […]

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 […]

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 […]

Iran Discovers Huge Iron Ore Reserves

By John Lee. Iran has reportedly discovered huge reserves of iron ore in Yazd province. Press TV quotes the Director General of Yazd’s Industry, Mine and Trade, Mohammad Reza Alamdar-Yazdi, as saying that new find is estimated to hold two billion tonnes of reserves, with iron content of 70 percent, at a depth of 1,500 […]

Video: Blast Traps at least 26 Miners in Iran

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. An explosion at a mine in northern Iran left at least 26 workers trapped in a mile-long tunnel filled with gas that hampered rescue efforts, media reports said:

Iran provides $66bn Loans to Mining, Industry

By John Lee. Iran has reportedly allocated loans amounting to over $66 billion to the mining, industry and trade sectors in the year just finished. Mohammad Reza Nematzadeh, Minister of Industry, Mines, and Trade, was quoted as saying that $46 billion in banking facilities were earmarked for mining and industry sectors while over $20 billion […]

$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 […]

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 […]

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 […]

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 … […]

Nigeria Calls for Closer Cooperation with Iran in Mining

Nigerian Minister of State for Mines and Steel Development Abubakar Bawa Bwari called for closer ties with Iran in various areas of mining industry. In a recent meeting with Iranian Ambassador to Nigeria Morteza Rahimi Zarchi, Bwari stated that Iran is advanced in coal to power and mining exploration which Nigeria could benefit from. The […]

Iran Mining Attracts $10bn

The Deputy Mine, Industry and Trade Minister, Mehdi Karbasian (pictured), has said that Iran’s mining sector has now more than $10 billion of investment pledges by Europeans and Chinese firms. Italy’s Danieli signed a joint venture agreement and agreed orders worth in total about 5.7 billion euros last week. Italian and Chinese companies are also […]

Iran’s Mines Could Bring ‘Much More’ Money Than Oil

Mojtaba Khosrowtaj (pictured), first deputy minister at the  Industry, Mines, and Trade Ministry has said that the country has the potential to generate more revenue from mining than it does from oil. Khosrowtaj told Bloomberg that metals such as copper and rare earth elements could be worth “much more” than Iran’s oil industry revenue of […]

Russia Investigates Hydrocarbons and Metals in Iran

Russia’s Rosgeo is considering gas, oil, gold and ore projects in Iran. CEO Roman Panov (pictured) told TASS: “Geophysical exploration of gas fields in the South Caspian region and services of drilling technologies and enhanced oil recovery are considered in respect of hydrocarbons. “We are viewing proposals on aerial geophysical studies of promising areas and […]

Iran to Seek Bids on 15 Mining Deals

Iran is to seek bids for 15 mining projects for international investors to develop, according to Bloomberg. Mehdi Karbasian (pictured), the deputy minister of Industries, Mines and Trade, said in an interview in Tehran that President Hassan Rouhani plans to visit France and Italy in November to sign development agreements on some of the projects. […]