Subject: Investment, exploration, extraction and production of steel products

Province: Tehran

Address: No.8, Maaref St., Farhang Blvd., Saadatabad,Tehran - IRAN

Phone: 021 - 27340

Fax: 021 - 22 36 36 91

More Information: Middle East Mines Industries Development Holding Company (MIDHCO) - Public Joint stock, with the support of Pasargad Financial Group (Bank Pasargad) and more than 6,000 shareholders was established in the year 2007 with a registered asset of 1,000 billion Rials and in 2011 was accepted to the OTC Market. Today the number of shareholders have exceeded 11000 people and the asset has risen to 22000 biilion Rials.
MIDHCO, relying on expert and senior managers with long experience in mining and industry, through strategy planning, programming and designing several major projects in mining and mineral industries, has the objective of reaching to the production rate of 4.2 million tons per year in steel making industries, 50 thousand tons of copper cathodes per year and an investment of about 50000 billion Rials.
In the first phase, two iron ore Concentrate Plants with the capacity of 4 million tons each have been exploited in cities of Sirjan and Zarand .Direct Reduction Steel Making Project of one million tons, Coke making plant with acapacity of 800 thousand tons, coal preparation plant of 1.1 milion tons per annual capacity and Ferro Siliceous plant with acapacity of 12 thousand tons are coming into operation in 2012.