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Go-ahead given for Iron Ore Pelletising plant for Chador Malu Mining and Industrial Co.
2003 March 20

A Japanese-led consortium has been given the go-ahead to start supplying equipment to Chador Malu Mining & Industrial Company of Iran for a new iron ore pelletising plant in Yazd province. Kobe Steel is leading the consortium for this contract, which also includes, TAIM-TFG, of Spain and the Japanese trading firms Marubeni and Mitsubishi. The iron ore plant, will have a production capacity of 3.4 million tonnes/year and will be in Ardakan, Yazd Province in Central Iran, with iron ore concentrate coming from the nearby Chador Malu beneficiation plant. Iron ore pellets will then be supplied to the direct reduction plants at the Mobarakeh Steel Complex, near Isfahan. Kobe Steel is responsible for main machinery and equipment, as well as plant engineering, project management, training, and technical assistance. Europe's ABB will supply low voltage distribution, medium and low voltage motors, process control and field instrumentation, worth 12 million US$. TAIM - TFG supply material handling equipment and Chador Malu will build the plant.. Total project costs are estimated at $300 million-400 million.

Mobarakeh expanding
2003 March 2

Iranís Mobarakeh Steel, operating a 2.500kt /year HRC mill in Esphahan, increased production by abt40% over the last two years.
Since the European Commission decided not to levy Anti Dumping duties on Mobarakeh's HRC, (it exported only 200KT to the European Community), the mills might increase exports to the EC considerably.

Mobarakeh is commissioning in the coming year, new lines to produce Tinplate, Hot Dip Galvanized and Pre-painted coils.
They also will expand CR capacity by 400KT/ year from around 800KT / year at present.

Iranís total steel exports were estimated at about 1.500kt for the Iranian year finishing in March 2003.
Steel imports for the past year into Iran amounted to about 3.000kt.

Iran steel mill cooperate with Germany, Italy
2003 February 27

Iranian steel mill, Hormozgan Steel, signed a contract with two German and Italian enterprises which have invested in the project to set up a new steel plant in 36 months. One official of Hormozgan Steel said that the complex consists of direct revival, metallurgy, and casting sections, which will be constructed on a 10-hectare plot of land 20 kms west of Bandar Abbas at the Mines and Metals Special Economic Zone." At the beginning, the required raw material will be imported from Bahrain, but when the project on its production is commissioned, it will be produced domestically at Golgohar mine in Sirjan. The official add,"The annual output of the metallurgical and casting section is predicted to be 1.650 million tons of steel in two metallurgical units each with a production capacity of 825,000 tons.

Hormozgan signs 2 major contracts for its new steel complex.
2003 January 29

Hormozgan Steel Complex signed on 25 -1-2003 two contracts for its steel complex in Bandar Abbas.
Nisco and Iran Mines & Mineral Industry Development & Renovation Organisation (Imidro),are holding negotiations with the Belgium arm of Fortis Bank on providing buy-back financing for both packages.
A contract worth $300 million-400 million, for the construction of a 1.5 million tons/year slab and lime calcining plant was signed with a consortium of Germanyís SMS Demag, Iran International Engineering Company (Iritec) and its Italy-registered subsidiary Irasco.
The estimated $140 million contract for set up of a 1.65 million tons per year direct reduction iron facility was signed by Germany-registered Mines & Metals Engineering (MME). Nisco will be the operator of the plant.
Financing will be arranged on a buy-back basis, with a structure similar to the one used for the expansion of the Mobarakeh Steel Complex. The buy-back agreement will cover both the projectís international and local content.
Talks are also being held between Imidro, Fortis and international steel traders to reach an offtake agreement. All arrangements are expected to be concluded in six-nine months.

Bids opened for 4 million t/year Steel Pellets plant in Kerman
2003 January 25

  Italyís Danieli & Company, with the Iran's Industrial Development & Renovation Organisation (IDRO), is the low bidder for the contract to build a 4 million tons per year pelletising plant in Kerman province.
The 3 other remaining groups bidding for the contract,were
-Kobe Steel - Japan, with Iranian IPT
-Lurgi - Germany, ABB, Spainís Taim and a local firm
-VAI - Austria,with 3 local firms.

Nisco favors the Lurgi technology in spite of an important price difference with the low bidder.
The only other offer with Lurgi technology came from VAI, which was slightly higher priced than Lurgi's.
Kobe had proposed its own technology.
Danieli/IDRO offered their own or Russian technology.
An award is expected by end March.
The plant will be run by Gol-e Gohar Iron Ore Company, the NISCO owned operator of Irans largest iron ore mines.
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