Press

Alireza Khamehzar, President of the South Khorasan Chamber of Commerce, Industries, Mines and Agriculture, emphasizing the province’s exceptional mining potential, announced that all necessary conditions for investment in the mining sector are in place. He stated: “The red carpet for mining development has been rolled out in South Khorasan, and we are fully prepared, with the support of the private sector and national investors, to expand value creation and mineral processing within the province.”

Not so long ago, when the U.S. dollar was trading at around 9,400 tomans, Abdolnaser Hemmati, then Governor of the Central Bank, came under sharp criticism from both Parliament and the government—so intense that even rumors of his dismissal began to circulate.

Crimes that disrupt the country’s economic order have gained heightened significance in recent years because, beyond inflicting serious damage on national interests and the economic system, a substantial proportion of the perpetrators are influential white-collar individuals. These actors have exploited their positions against the economic interests of the country and the general public, thereby fostering the spread of widespread corruption and social dissatisfaction. Accordingly, one of the main reasons for the lack of effective prevention and enforcement against such crimes must be sought in the weakness of an efficient and coherent criminal policy to address them.

Yaghout Mining and Metals Development of the Middle East, as a subsidiary of Minerals and Metals Development Investment Company, has over the past two years consolidated its position as one of the country’s most active mining drilling and exploration contractors. This achievement has been driven by the adoption of advanced technologies, equipment modernization, skilled human resources, and the implementation of a structured knowledge management system.

The transfer of 59 service categories from the First Hall to the Second Hall of the Currency Exchange Center effectively marks an official farewell to government-subsidized and NIMA exchange rates for these items, replacing them with a rate close to the free-market dollar. This shift directly passes the gap between the previous rate of around 77,000 tomans and the current level of 107,000 tomans per dollar (an instantaneous rate change) onto medical bills, international tuition fees, travel expenses, research services, and dozens of other foreign-currency-based costs. As a result, it places simultaneous pressure on household livelihoods, the financial balance of businesses, and the government’s fiscal equilibrium.

A memorandum of understanding aimed at developing joint cooperation in domestic, regional, and international markets was signed on the sidelines of the 22nd International Metallurgy Exhibition between Mobarakeh Steel Engineering Company and the Iranian Mines and Mining Industries Commercial Company.

A member of the Board of Directors of Central Bafgh Alloy Steel announced plans for the first melt and the launch of the first phase of this major project within the next 18 months, saying that the plan, which will create employment for 530 people directly and 5,000 indirectly, is targeting the markets of Europe and Central Asia.

The Purchasing Deputy of Khouzestan Steel said: “A thirtyfold increase in energy carrier prices and the excessive export of concentrate will create a serious challenge for production.”

Khouzestan Steel aims to capture regional markets with its three-pillar strategy.

While analysts are largely focused on the political and military implications of the upcoming meeting between Mohammed bin Salman and Donald Trump in Washington, Riyadh’s moves in “mining diplomacy” may signal the beginning of a new chapter in the global race for critical minerals—an arena that now influences everything from energy security to the strategic calculus of major powers, and one that directly affects the future of regional mining companies, including those in Iran

In a society where the importance of contracts diminishes, the rule of law is weakened — and wherever the law is weakened, heavy costs will eventually be paid. No negligence in this regard comes without a price. These costs do not appear only in courts or international arbitration panels; if major national contracts are involved, they manifest in rising risk premiums, capital flight, weakened public trust, and the erosion of professional ethics.

On 1 November 2007, Pardis Petrochemical Complex launched its first production phase, marking a major step in Iran’s petrochemical industry. Established with the mission of supporting food security and sustainable development, the complex is now, after 18 years, recognized as the largest producer of ammonia and urea in the Middle East.