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 flight.
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 Iranian year (ending March 20), in line with plans for boosting Iran's production capacity, IMIDRO announced in a report published on its website.
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 to the latest data released by the Statistical Center of Iran.
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 Minister Alireza Razm-Hosseini at Tehran’s International Fairgrounds on Jan. 30.
EghtesadOnline: Latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization shows Mobarakeh Steel Company remains Iran’s biggest steelmaker.
EghtesadOnline: President Hassan Rouhani has instructed the security apparatus to find and end illegal cryptocurrency mining following rare power outages across the country.
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, Distribution and Transmission Company (Tavanir) said.
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% decline compared with the similar period of last year’s output, data released by the Ministry of Industries, Mining and Trade show.
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 of the current year (June 21-Sept. 21) compared with the corresponding period of last year, the Statistical Center of Iran’s latest report shows.
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 Development and Renovation Organization.