mining
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1,100 Unlawful Crypto Mining Farms Busted
EghtesadOnline: The Power Generation, Distribution and Transmission Company (Tavanir) has identified and shut 1,100 unlicensed crypto mining farms with the help of whistleblowers.
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Mining Sector’s Water Consumption Untenable
EghtesadOnline: The Majlis Research Center, the research arm of the parliament, says how average amount of water used to produce metals, namely gold and copper, in Iran is five times above internation…
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Majlis Rejects Industries Ministry Nominee
EghtesadOnline: Iran’s conservative-dominated parliament voted against President Hassan Rouhani’s pick for the post of industries, mining and trade minister in its Wednesday session.
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468 Industrial Units Revived Since March 20
EghtesadOnline: Atotal of 468 inactive industrial units across Iran have resumed operations from the beginning of the current fiscal year (March 20) to August 10 with the support of Iran Small…
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Six More Projects Worth Over $14 Million Come on Stream
EghtesadOnline: Six industrial projects worth 3.5 trillion rials ($14.83 million) came on stream in two provinces on August 6, under the auspices of the Ministry of Industries, Mining and Trade.
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Growth in 22 Industrial Products
EghtesadOnline: The Ministry of Industries, Mining and Trade's review of the first quarter of the current Iranian year (March 20-June 20) shows that the output of 22 industrial and mineral products…
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Tehran to Host Int’l Handmade Carpet Expo on Aug. 18-25
EghtesadOnline: The 29th International Handmade Carpet Exhibition is scheduled for August 18-25 at Tehran’s International Fairground, according to the capital’s Industries, Mining and Trade Organizati…
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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…
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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…
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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…
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Iran Gov't Halfway Through Guaranteed Wheat Purchase
EghtesadOnline: A total of 6 million tons of wheat worth 140 quadrillion rials ($577.32 million) have been purchased from local farmers in all 31 Iranian provinces in the current fiscal year…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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,…
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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…
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A new licensed bitcoin mining farm is getting set up in Iran
EghtesadOnline: The government of Iran is said to have issued a license to Turkey-based iMiner to mine bitcoin in Iran.
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Mining Sector's PPI Inflation Hits 52%
EghtesadOnline: The average Producer Price Index for the mining sector in the four-quarter period ending Dec. 21, 2019, increased by 52% compared with the same period of last year, according…
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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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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…
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Iran's H1 Mining Royalty Payments Hit $70m
EghtesadOnline: Iranian miners paid a total of 8.65 trillion rials ($70.95 million) in mining royalties to the government during the first half of the current Iranian year (March 21-Sept. 22).
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Iran Records 18% Industrial, Mining Growth in H1
EghtesadOnline: Iran's industrial and mining sector experienced 18% growth in the first six months of the current Iranian year (started March 21) compared with the preceding year's corresponding…
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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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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…
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7 Mineral Projects Ready to Come on Stream
EghtesadOnline: Seven mining and mineral projects are ready to be inaugurated in the provinces of Kerman, Zanjan, South Khorasan and Isfahan, the chairman of Iranian Mines & Mining Industries…
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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…