IRAN Mining News

Iran to develop small-scale gold mines

The Hassan Rouhani government is kickstarting a program for the revitalization, activation, and development of the country’s artisanal mines.

Iran hangs gold coin ‘sultan’ in crackdown after US curbs

Iran executed a gold dealer known as the “Sultan of Coins,” in a warning to merchants not to exploit the country’s financial troubles as U.S. sanctions squeeze the economy.

OPEC+ faces risk of new oil surplus as prices slump

A technical committee representing the coalition projected on Saturday a global oil surplus will resurface in 2019.

Pompeo defends temporary waivers granted for Iran oil buying

The comments come a day before U.S. sanctions on Iran’s energy and shipping are due to snap back.

A golden escape  

The oil price is rising due to the upcoming restrictions on the sale of Iranian oil - the second of a two-part set of sanctions imposed on the Middle Eastern power following the Trump Administration’s decision in May to withdraw from the Joint Comprehensive Plan of Action (JCPA).

Gold coin `Sultan' faces death penalty as Iran hunts speculators

The government embarked on a drive to root out corruption and punish speculators it blames for exacerbating the currency crisis.

A Saudi Iran oil war could break up OPEC

Could OPEC be on the way out? Maybe.

What to watch in commodities: Iran, big oil, miners, gold, crops

It’s getting ugly out there. Commodities are getting shaken up as investors fret about the fall-out from the global trade war.

Emerging market meltdown could undermine oil rally

Higher production doesn't necessarily mean higher oil prices are entirely out of the question.

Iran to transfer yellowcake to uranium conversion facility

The uranium from which the yellowcake was derived was originally extracted from the Saghand mine.

Russia and Iran to revamp Fordow nuclear facility

The Russia-Iran conversations are taking place within the framework of the Joint Comprehensive Plan of Action on Tehran’s nuclear program.

2018 feels ripe for ‘big unexpected crisis,’ Eurasia group says

This year could see a geopolitical crisis on the scale of the financial crash a decade ago, Eurasia Group President Ian Bremmer says.

Dozens trapped, two killed in Iranian coal mine explosion

The blast took place at a mine located in Iran's northern Golestan province on Wednesday morning.

Iran foresees sharp rise in uranium production

Iran’s nuclear chief says the country will produce about 40 tonnes of uranium this year, more than half the total amount yielded over the preceding years.

New mine in Iran to add 800,000 tonnes of zinc concentrate every year

Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO) signed a $1-billion deal with private investors over the weekend to build the mine.

‘Trump effect’ on resurgent Iranian mining sector close to none — analysts

Any re-instatement of sanctions will, if at all, pose minimal additional hurdles to new investors, BMI Research says.

OPEC's bearish report provides little hope for oil markets

OPEC has released a new market whammy, offering up the cartel’s production figures, which largely jive with figures reported by the IEA.

Resurgent Iran to impact copper, zinc prices through 2020

Report: Lifting of sanctions will spark double digit copper output growth in Iran, home to world's second largest copper mine and largest zinc reserves.

Iran says in talks with Rio, Glencore about copper projects

Iran's national development plan targets production of 2 million tonnes of copper per year by 2025.

India mulls key investment to set iron ore plants in Iran

According to official figures, Iran has now more than $10 billion of investment pledges under its belt.

Iran goes beyond oil — to sign $5.4bn in mining deals with Italy, France

Iran is opening $29 billion of projects to foreign investors now that sanctions have been lifted.

Iran mining bigger opportunity than oil

Iran is opening $29 billion of projects to foreign investors once sanctions are lifted – acquiring new mining equipment and technology is a top priority.

Iran's mines could bring in even more cash than crude

Metals discovered from exploration worth about $700 billion.

Could mining in Iran supplant the country's oil business?

Iran is ranked among 15 major mineral-rich countries with potential reserves worth $770 billion.

Iran, World powers reach ‘historic’ nuclear deal

The agreement ends decades of economic sanctions against Iran, and includes reductions in centrifuges, international inspections.