Company type: public company

 

It was registered in the Tehran Companies and Non-Commercial Institutions Registration Office on March 5, 1374 under number 119869. The subject of the company’s activity is establishment, purchase, participation in providing financial resources and investment in all kinds of companies, institutions and industrial units and mining, construction, agriculture, service and performing financial and credit activities inside the country as well as performing all consulting services in the fields of production, investment, development and completion, planning and budgeting, providing financial resources, marketing and system design management services, investing abroad in a cooperative manner and accepting and granting representation and performing other operations that are directly and indirectly necessary to achieve the aforementioned goals. In 1377, this company was accepted as a public company in the Tehran Stock Exchange. And now the shares of this company are traded under the symbol of mines.

 

1. This company, which is one of the subsidiary business units of the Steel Employees Support and Retirement Fund Institute, was established in 1374 and is a holding of metal minerals and public shares.

2. Among the activities of the investment company are development of mines and metals, establishment, purchase, participation, provision of financial resources and investment in all kinds of companies, institutions and units of industry, mining and agriculture, services and carrying out financial and credit activities inside the country.

3. Also, all consulting services in the fields of production, investment, development and completion of planning and budgeting, providing financial resources, marketing and designing management systems, foreign investment in a cooperative manner and granting agency are done by this company.

4. The shareholders of this company are Foulad Mobarake Isfahan, Social Security Insurance Fund of Villagers and Nomads, Sadr Tamin Investment and…

5. Reza Yazdakhasi is the chairman of the board of directors and Younes Elesti is the CEO of Mines and Metals Development. Abbas Hosni Kabuterkhani, Mojtaba Kabari and Mohammad Keshani are also members of the board of directors of this company.

6. Chadormelo Mining and Industrial Company, Gohar Zemin, Gol Gohar Mining Industry, Arfa, Gol Gohar Iron and Steel, Tabas Coke and Tejali Company are among the companies under the mining and metals development investment group.

7. The main activity of Mines and Metals Development Investment Company is focused on mining and processing iron ore. Of course, this company has recently entered the field of copper and with the participation of Zarin Holding, it has also entered lead and zinc mines and processing of this product. Also, this holding has entered the financial field by purchasing 28% of the shares of Supply, Civilization Capital and Arman Economic Leaders and is trying to strengthen this sector by creating a kind of financial arm.

8. In the extraordinary general assembly of this company, a capital increase of 36.2% was approved and its total capital reached 54 billion 900 thousand rials. Also, according to the report of the Board of Directors of the Assembly, about 30% of this capital increase will be provided from shareholders’ claims and cash receipts, and the remaining 6% will be provided from accumulated profits.

9. The symbol of this large stock market holding, which is in the metal ore mining group, is called “Vamadan”. In recent years, it has had significant quantitative and qualitative growth in its activities and plans to participate in the capital increase of its subsidiary companies.

10. This holding has participated in exhibitions such as the 2017 and 2019 investment exhibition, the Iran Mining Exhibition – the exhibition of mining, mining industries, mining machinery and equipment, road construction and related industries – in 2017 and 2019, and the Rabe Rashidi Innovation and Technology Exhibition in 2018.