mining
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New Rules for Cryptomining
EghtesadOnline: First Vice President Mohammad Mokhber on Sunday announced new rules for crypto assets, adding some detail to regulations approved in 2019.
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Mining Sales Earn $8.7 Billion, Exports Hit $4.8b in 5 Months
EghtesadOnline: Mobarakeh Steel Company saw the highest volume of sales during March 21-Aug. 22 with 705.49 trillion rials ($2.22 billion), up 31% YOY.
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H1 Domestic Industrial, Mining Investments Reviewed
EghtesadOnline: Atotal of 5.76 quadrillion rials ($19.2 billion) worth of investments were made in industrial units for which establishment permits were issued by the Ministry of Industries,…
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Investment in Mining Disproportionate to Resources
EghtesadOnline: The mining sector’s impact is not limited to promoting economic growth, its contribution to the creation of equal employment opportunities, poverty alleviation, advancement of…
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Q1 Mining PPI Exceeds 110%
EghtesadOnline: The average Producer Price Index for the mining sector in the four-quarter period ending June 21, which marks the end of the first quarter of the current fiscal year, increased…
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Mining Development Projects Worth $1.6b Come on Stream
EghtesadOnline: Major mining development projects with an investment of $1.6 billion were inaugurated by President Hassan Rouhani via videoconference in Kerman Province on July 8.
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Cryptominers Admonish Higher Power Tariffs
EghtesadOnline: The Energy Ministry's recent move to raise electricity prices for cryptomining has drawn the indignation of miners who claim the measure will tempt illegal mining and capital…
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IMIDRO’s Mining Investments to Reach $2.2b in Fiscal 2020-21
EghtesadOnline: Investments of state-owned Iranian Mines and Mining Industries Development and Renovation Organization and its subsidiaries in mining projects will reach $2.2 billion in the current…
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Mining PPI Inflation at 58.9% in Third Quarter
EghtesadOnline: The average Producer Price Index for the mining sector in the four-quarter period ending Dec. 20, 2020, increased by 58.9% compared with the same period of last year, according…
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Tehran Hosting ‘Iran ConMin 2021’
EghtesadOnline: The 16th International Exhibition of Mines, Mining, Construction Machinery and Related Industries and Equipment, also known as “Iran ConMin 2021”, was inaugurated by Industries…
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MSC Remains Leading Producer
EghtesadOnline: Latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization shows Mobarakeh Steel Company remains Iran’s biggest steelmaker.
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Unusual Power Cuts Put Illegal Crypto Mining in the Limelight
EghtesadOnline: President Hassan Rouhani has instructed the security apparatus to find and end illegal cryptocurrency mining following rare power outages across the country.
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Iran: Crackdown on Illegal Crypto Farms
EghtesadOnline: Authorities closed 1,620 illegal cryptocurrency mining farms that were used 250 megawatts of electricity since July 2019, when mining was legalized, spokesman of the Power Generation,…
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Iran Exports 50% of Tile, Ceramic Output
EghtesadOnline: Atotal of 278.22 million square meters of tiles and ceramic were produced in Iran during the first eight months of the current fiscal year (March 20-Nov. 20) to register a 4.5%…
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Construction Sector Expands 5.4 Percent in 2nd Quarter
EghtesadOnline: The gross domestic product of Iran’s construction sector, which is the sub-sector of “industries and mining, sans oil” group, witnessed a 5.4% expansion in the second quarter…
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New IMIDRO Chief Appointed
EghtesadOnline: Minister of Industries, Mining and Trade Alireza Razm-Hosseini appointed Vajihollah Jafari to replace Khodadad Gharibpour as the chairman of Iranian Mines and Mining Industries…
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State Dominance, Sanctions Hindering Mining Sector
EghtesadOnline: Awide range of factors have hindered the growth of Iran’s mining sector, including the government dominance, the small share of private sector, lack of consistent policies and…
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Semnan Province Exports Reach $155m in Seven Months
EghtesadOnline: Atotal of 140,000 tons of commodities worth $155 million were exported from Semnan Province to 42 countries during the first seven months of the current Iranian year (March 20-Sept.…
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17 Industrial Products Register Growth in Six Months
EghtesadOnline: The Ministry of Industries, Mining and Trade's report for the first half of current Iranian year (March 20-Sept. 21) showed 17 industrial products (out of 28 under review) registered…
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Mining PPI Inflation at 44% in Q2
EghtesadOnline: The average Producer Price Index for the mining sector in the four-quarter period that ended on Sept. 21 increased by 44% compared with the same period of last year, according…
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Mining Sector Development Plans Making Headway
EghtesadOnline: A total of 309 mining projects became operational during the first half of the current Iranian year (March 20-Sept. 21), registering a 7.7% growth compared with the same period…
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H1 Public Complaints Against Goods, Service Providers Surveyed
EghtesadOnline: A total of 111,337 public complaints were filed against goods and service providers with the industries, mining and trade organizations of Iranian provinces in the first half…
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Growth in Production of 16 Industrial Commodities
EghtesadOnline: The Ministry of Industries, Mining and Trade's review of the first five months of the current Iranian year (March 20-Aug. 21) shows the production of 16 industrial products (out…
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Industrial Productivity Growth Low Despite Rising Power Consumption
EghtesadOnline: Power consumption of industries has increased by 12% since the beginning of the current fiscal in March compared to a year ago, but the rise has not transformed into decent productivit…
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63% Rise in Inbound Cigarette Smuggling
EghtesadOnline; A total of 7.36 billion cigarettes were smuggled into Iran during the five months to Aug. 21, indicating a 63.2% increase compared with the corresponding period of last year,…
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Mining, Academic Entities Sign 219 Deals Since March 2019
EghtesadOnline: The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and its affiliated organizations have signed 219 research and development agreements with…
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Duty-Free Potato Exports Authorized
EghtesadOnline: The export of potatoes has been exempted from tax and customs duties by the Ministry of Industries, Mining and Trade.
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Domestic Raw Materials Meet 100% of Construction Demand
EghtesadOnline: Iran’s building and construction industry meets 100% of its requirements for raw materials from the local market, says Jafar Sarqeini, the caretaker of the Ministry of Industries,…
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Growth in Output of 18 Industrial Products
EghtesadOnline: The Ministry of Industries, Mining and Trade's review of the first four months of the current Iranian year (March 20-July 21) shows that the output of 18 industrial and mineral…