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Mining Cooperation Deal Signed With Oman

EghtesadOnline: Iran-Oman Chamber of Commerce has signed a memorandum of understanding with Iran Mine House to promote the presence of Iran’s mining companies in the neighboring country, improve mineral exports through Oman, facilitate joint investments and form specialized mining committees.
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Publish Date:03/August/2020 | 08:26

Cryptominers Given One Month to Register Smuggled Hardware

EghtesadOnline: Cryptocurrency miners have one month to register smuggled mining equipment, said a deputy minister of Industries, Mining and Trade, the body in charge of authorizing crypto mining industry.
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Publish Date:02/August/2020 | 13:44

Cryptocurrency Mining in Limbo

EghtesadOnline: Power plants can supply authorized cryptocurrency miners so long as the electricity is sold at the agreed (lawful) tariffs, a spokesperson for the Power Generation, Distribution and Transmission Company (Tavanir) said.
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Publish Date:29/July/2020 | 13:24

Specialized Judicial Centers to Handle Commercial Disputes

EghtesadOnline: A specialized judicial center will be launched in Tehran within the next three months for resolving commercial disputes, says the head of the Ministry of Industries, Mining and Trade's Business Environment Study and Monitoring Center.
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Publish Date:08/July/2020 | 10:02

Tavanir: Reward for Reporting Illegal Cryptocurrency Mining

EghtesadOnline: The government will offer incentives to whistleblowers who name unauthorized cryptocurrency miners to the relevant authorities, managing director of Power Generation, Distribution and Transmission Company (Tavanir) said.
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Publish Date:08/July/2020 | 09:51

Facemask Exports Banned Again Amid Rising Covid-19 Cases

EghtesadOnline: The Ministry of Industries, Mining and Trade has prohibited exports of facemasks, less than a week after it gave the green light to manufacturers to ship their surplus output to the foreign markets.
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Publish Date:07/July/2020 | 10:31

Mining Investment Gains Impetus

EghtesadOnline: The Iranian Mines and Mining Industries Development and Renovation Organization has implemented 165 major projects worth about $20 billion in Iran’s mining and mineral industries since its formation in 2002, says IMIDRO Chairman Khodadad Gharibpour.
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Publish Date:06/July/2020 | 11:20

Over 200 Industrial Units Resume Operations in Q1

EghtesadOnline: In the first quarter of the current Iranian year (started March 20), a total of 211 inactive industrial units across Iran resumed operations with the help of Iran Small Industries and Industrial Parks Organization, affiliated to the Ministry of Industries, Mining and Trade.
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Publish Date:05/July/2020 | 11:15

Major TSE-Listed Mining Firms' Sales Rise 55% to $1.9 Billion

EghtesadOnline: The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has released a new report on the sales of 72 heavyweight Tehran Stock Exchange-listed mining and mineral companies.
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Publish Date:04/July/2020 | 24:14

Iran's Iron Ore Exports in Steady Decline

EghtesadOnline: Iran has been reducing the export of iron ore in the past few years in line with plans to curb the export of unprocessed minerals and encourage the mining industry to create added value, Deputy Minister of Industries, Mining and Trade Dariush Esmaeili said.
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Publish Date:28/June/2020 | 08:28

Mining Investments Rise 60% to $3.2b

EghtesadOnline: About $3.2 billion were invested in Iran’s mining and mineral industries during the last fiscal year (ended March 19, 2020) to register a 60% rise compared to the year before, says the spokesperson of the Iranian Mines and Mining Industries Development and Renovation Organization.
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Publish Date:08/June/2020 | 07:52

Iran's Mineral Extractions at 470m Tons

EghtesadOnline: A total of 470 million tons of minerals were extracted in Iran in the last fiscal year (ended March 19, 2020), says Minister of Industries, Mining and Trade Reza Rahmani, adding that the figure is expected to exceed 500 million tons this year (March 2020-21).
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Publish Date:10/May/2020 | 09:15

1,000 Cryptocurrency Miners Given Permits

EghtesadOnline: The Ministry of Industries, Mining and Trade has issued 1,000 plus licenses for cryptocurrency mining units so far, an official with Iran’s ICT Guild Organization said.
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Publish Date:25/January/2020 | 24:20

Recapitalization of Industries Tops List of Borrowers

EghtesadOnline: Loans to raise working capital of industrial units had a 72% share of the total loans given to mining and industrial companies in the first seven months of the current calendar year to Oct. 22.
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Publish Date:15/December/2019 | 13:05

Mining Royalty Payments Hit $63m

EghtesadOnline: Iranian miners paid 7.19 trillion rials ($63.4 million) in mining royalties to the government during the first five months of the current Iranian year (March 21-Aug. 22).
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Publish Date:30/September/2019 | 11:51

Legal Crypto Mining in Iran: Getting Started

EghtesadOnline: The government's move in July to regulate cryptocurrency mining as a legal industrial activity has been broadly welcomed by miners, though they say minor adjustments in regulations would create room for miners to make significant contribution to the economy.
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Publish Date:21/September/2019 | 24:31

Iran Government Legalizes Cryptocurrency Mining

EghtesadOnline: After months of speculation over the fate of mining and trading cryptocurrencies in Iran, the government late on Sunday announced that it recognizes mining cryptocurrency as a legal industrial activity.
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Publish Date:30/July/2019 | 11:37

Iran to Expand Mineral Explorations

EghtesadOnline: The Iranian Mines and Mining Industries Development and Renovation Organization is pursuing plans to expand mineral explorations to cover 300,000 square kilometers by the end of the second term of President Hassan Rouhani (August 2021), says deputy minister of industries, mining and trade.
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Publish Date:23/July/2019 | 10:02

Bitcoin Mining Taking Toll on Iran Power Network

EghtesadOnline: The production of a single unit of bitcoin withdraws about 200 million rials ($1,400) in state subsidies, the Energy Ministry’s spokesman for the power department said.
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Publish Date:01/July/2019 | 10:53