Tag Archives | aluminum

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 […]

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 […]

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 […]

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 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); […]

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 […]

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. […]