Enough weapons grade fuel for five atomic devices.
IRAN Mining News
Four leading Asian economies currently account for almost of Iran's exports of oil
Turkish gold exports rose to $12.7bn in the first eleven months of 2012 compared to the $1.47bn exported in the whole of the previous year.
Turkey's deputy minister said on Thursday that Iran has evaded U.S. economic sanctions in the last six months by using Turkish payments for energy to import gold.
Iran inaugurated on Saturday an iron ore concentrate plant, with the production capacity of two million tons per annum, in the city of Zarand, southeastern Kerman Province, ILNA reported.
The European Union announced on Tuesday the imposition of sanctions against state-owned Iranian oil and gas firms in response to Tehran's ongoing nuclear ambitions.
The miners work at a depth of 300 meters in two shifts of 6 hours per day and are hired on a contract basis for 400,000 tomans (about $200) per month
Global refined copper production rose by 3% year-on-year to 4.95 million tons in the first quarter (Q1) of this year with significant increase in Spain, Iran and India, as per latest data released by World Bureau of Metal Statistics (WBMS).
A senior Iranian official says the country is set to improve its global ranking in the copper production industry to the world's 7th in the current Iranian year (started March 20).
"The only thing that's got us up is oil," Frank McGhee, senior precious metals dealer with Integrated Brokerage Services in Chicago told The Wall Street Journal.
Gasoline consumption in the United States has been dropping for years.
Iranian news agencies on February 29 quoted Central Bank Governor Mahmud Bahmani as saying that "each country can pay using its own currency" and that "if a country should so choose, it can pay in gold."
Iran may be diverting uranium for use in weapons research, according to a report by the UN International Energy Agency (IEA), a nuclear watchdog.
Although some Asian firms have found creative ways of doing business with Iran, European iron ore traders and shipping companies are shying away completely from transacting with the country as US-led sanctions start to have an impact.
In a spat similar to one the two countries had over crude that has seen Iranian oil shipments bound for country halve for January, China has warned local firms about Iranian iron ore.
The head of National Iranian Copper Industries Co (NICI) has insisted that with the $7 billion investment made in the industry, copper production will hit 700,000 metric tons. According to Ardashir Sad Mohammadi, managing director of NICI Co, more than...
Production of steel billets in Khouzestan Steel Company (KSC) increased by more than 20 percent in the first six months of the current Iranian year (started March 21), said the company's managing director. Abdolmajid Sharifi said the company produced
Russia and Iran are creating a $1.2 billion joint venture between state company Russian Technologies and Tehran state Bank Saderat to tap into Iran's colossal zinc deposits, Kommersant daily reported Tuesday.
Over 9.3 million tons of concentrated and granulated iron ore were mined in the country in the first four months of the current Iranian year (started March 21), showing an increase of 5.2 percent compared to the figure for the same period last year.
Managing-Director of Qeshm Zinc Smelting Complex Mehdi Kalateh announced that Iran's Qeshm Island in the Persian Gulf exported over 20,000 tons of zinc ingots in the last Iranian year
Steel production in Iran hit 4.645 million tons in the first quarter of current Iranian calendar year of 1390 (started on March 21), registering 16.3 percent increase compared to the figure for the corresponding period last year.
Some 484.8 million tons of crude steel was produced in Asia during the mentioned period, showing 6.7 percent increase in comparison to corresponding time span the year before, the report added.
Crude Steel production in Iran almost doubled to 20 million tons in the five years period from 2005 to 2010.
Iron ore concentrate production in the first quarter of last year reached 6.694 million. During the said period, the top producer was Chadormalu Mining & Industrial Co. whose production reached 2.428 million tons.
Outotec has agreed with Tech Talk company of Dubai on the delivery of flash smelting technology for the expansion of National Iranian Copper Industries Company's copper smelter located in Sarcheshmeh, Iran. Outotec's scope of delivery includes the supervision of detail engineering, supply of proprietary equipment as well as installation supervision and training services. The contract value is approximately EUR 61 million.