News
Five percent growth in iron ore production in the first six months
In the first half of the current year, the 10 largest iron ore companies in Iran produced approximately 24.67 million tons of concentrate, reflecting an increase of more than 5% compared to the previous year.
Madan Media
The Janja Copper Mining and Industrial Megaproject
The Janja Copper Mining and Industrial Megaproject is progressing with the goal of establishing a 130,000-ton copper concentrate plant and a 3,000-ton copper cathode plant. This project is being managed by the Investment and Development of Mines and Metals Company (WMIN) and is expected to be operational within the next three to four years.
Madan media – Vista
The Necessity of Expanding Export Markets
The President of the Iran Chamber of Industry, Mine, and Trade pointed out the challenges in education and the shortage of skilled human resources in the mining sector, emphasizing the necessity of expanding export markets.
Vista
Increase in inflation in the mining sector
According to the report of the Iranian Statistics Center, in Shahrivar 1403, producer inflation in the mining sector reached 6.2 percent, which indicates an increase in costs in this area. This amount has grown significantly compared to the previous month (2.6 percent), and point-to-point inflation has reached 28.5 percent and annual inflation has reached 29.5 percent.
Iran Statistics Center
Investment in mines
In order to realize the 13% growth of the mining sector in the 7th development plan, the need for investment and fundamental changes in policies is felt. Many obstacles such as investment restrictions and economic problems stand in the way of this growth.
ECO IRAN
Global iron ore market by 2030
It is expected that the global iron ore market will experience a production surplus by the end of this decade, driven by increased output from major producers such as Australia and Brazil. The Simandou deposit in West Africa, one of the largest untapped high-grade iron ore reserves, is expected to begin production by late 2025 or early 2026, significantly boosting Africa’s exports.
News
Five percent growth in iron ore production in the first six months
In the first half of the current year, the 10 largest iron ore companies in Iran produced approximately 24.67 million tons of concentrate, reflecting an increase of more than 5% compared to the previous year.
Madan Media
The Janja Copper Mining and Industrial Megaproject
The Janja Copper Mining and Industrial Megaproject is progressing with the goal of establishing a 130,000-ton copper concentrate plant and a 3,000-ton copper cathode plant. This project is being managed by the Investment and Development of Mines and Metals Company (WMIN) and is expected to be operational within the next three to four years.
Madan media – Vista
The Necessity of Expanding Export Markets
The President of the Iran Chamber of Industry, Mine, and Trade pointed out the challenges in education and the shortage of skilled human resources in the mining sector, emphasizing the necessity of expanding export markets.
Vista
Increase in inflation in the mining sector
According to the report of the Iranian Statistics Center, in Shahrivar 1403, producer inflation in the mining sector reached 6.2 percent, which indicates an increase in costs in this area. This amount has grown significantly compared to the previous month (2.6 percent), and point-to-point inflation has reached 28.5 percent and annual inflation has reached 29.5 percent.
Iran Statistics Center
Investment in mines
In order to realize the 13% growth of the mining sector in the 7th development plan, the need for investment and fundamental changes in policies is felt. Many obstacles such as investment restrictions and economic problems stand in the way of this growth.
ECO IRAN
Global iron ore market by 2030
It is expected that the global iron ore market will experience a production surplus by the end of this decade, driven by increased output from major producers such as Australia and Brazil. The Simandou deposit in West Africa, one of the largest untapped high-grade iron ore reserves, is expected to begin production by late 2025 or early 2026, significantly boosting Africa’s exports.
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