Info:
OFAC is designating ChadorMalu Mining and Industrial Company pursuant to E.O. 13871 for operating in the iron, steel, aluminum, or copper sectors of Iran;
Chadormalu Mining and Industrial Company is the main Iron Ore Concentrate producer for Iron Making by Direct Reduction in Iran. Beside of Iron Ore concentrate the Company Produce also up to 1,000,000 ton/year crushed Iron Ore for using in Blast Furnaces in Iran as well for Export purpose;
Initial shareholders were the National Iranian Steel Company (51%) and Bank Sepah (49%). The company turned into a Public Joint Stock and was admitted into the Iran Securities and Exchange Organization in the Iranian calendar month of Mehr1382 (September/October 2003). Capital: 17100 billion rials
Shareholders:
Omid Investment Management Company 37.6%
– Omid Investment is owned by Bank Sepah – Entity in connection with IRGC;
Mines and Metals Development Investment Company 16.4%
– MMDIC is owned by Esfahan’s Mobarakeh Steel Company – Entity in connection with IRGC;
Mobarakeh Steel Company 10.4%
– Mobarakeh Steel Company is owned by Mehr Eqtesad Iranian Investment Company – Entity in connection with IRGC;
Provincial Investment Company (Edalat shares) 20.7%
other real and legal shareholders 14.9%
SARMAD Company has been established in March 2012 with the joint venture between two major industrial companies, Chadormalu mining & industrial Co and Mines and Metals Development Investment Company (MMDIC);
Shareholders of these companies have connections to the terrorist organizations IRGC. Income from this company, IRGC uses to sponsor terrorist organizations, sponsor terrorist attacks around the world, develop weapons of mass destruction and new ballistic missiles;
Established:
1992
Industry:
Mines and Metal Industry
Involved In:
Nuclear Weapon Program
Also Known As:
Chadormalu mining & Industrial Co. (Public Joint Stock Company)
Chadormalu mining & Industrial Co.
CMIC
Chadormalu Mining and Industrial Company
Country:
Iran
Address:
No. 56, Esfandyar, Vali-e Asr ave. Tehran. I.R.Iran
Phone:
88882858
Website:
www.chadormalu.com
Email:
info@chadormalu.com
Reason for the color:
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on January 10, 2020 pursuant to Executive Order 13871 for operating in the iron, steel, aluminum, or copper sectors of Iran;
» ChadorMalu Mining and Industrial Company owned by sanctioned entities;