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Golgohar Mining and Industrial Company

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Golgohar Mining and Industrials Company
Company typePublic company
TSE: GOLG1
ISINIRO1GOLG0001[1]
IndustryMining, Steel industry
Founded1991
FounderNational Iran Steel Company
Headquarters
Sirjan
,
Tehran, Iran
ProductsIron ore
Semi-finished casting products
Direct reduced iron
Pellet
Iron ore concentrate
OwnerOmid Investment Group (affiliated to Bank Sepah)
Websitewww.geg.ir

Golgohar Mining and Industrials Company (Persian: شرکت معدنی و صنعتی گل‌گهر, romanized: Sherkat-e San'ati va Ma'dani-ye golgohar), is an Iranian Mining company in Sirjan, Kerman, which was established in 1991.[2][3][4][5][6][7][8][9][10][11][12][13][14][15][16]

History

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Golgohar Mining and Industrial Company was registered in 1991 under number 409 at the Sirjan Registration Office with an initial capital of 100 billion Iranian rials. In 1993, the company obtained its operating license. Mining operations at zone No. 1 of Gol Gohar mine began in 1994. In 2003, based on a decision made at the ordinary general assembly, the company transitioned from a private joint-stock company to a public joint-stock company. The following year, in 2004, its shares were listed on the Tehran Stock Exchange as "GOLG1".[17][18]

Products

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The company activities include two stages. The first stage is iron ore extraction from Gol Gohar mine. The second stage includes the processing of primary iron ore in its various factories into secondary products such as pellet, direct reduced iron, Iron ore concentrate, and semi-finished casting products.[19][20][21]

Sanctions

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In 2020, the United States Treasury Department sanctioned Golgohar Mining and Industrials Company in order to target Iran metal industries.[22][23][24][25]

See also

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Notes

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  1. ^ "Golgohar Mining and Industrial Company, акция обыкновенная (IRO1GOLG0001, GOLG1)". InvestFunds.ru (in Russian). Retrieved September 30, 2024.
  2. ^ "IMIDRO Reviews Upstream Steel Output During March 20-Oct. 21". Financial Tribune. November 15, 2020.
  3. ^ "Iron Ore Concentrate Output at 3.8m Tons in 1 Month". Financial Tribune. May 18, 2020.
  4. ^ "Scope for Joint Development of Mines With Oman". Financial Tribune. December 15, 2015.
  5. ^ "Int'l Endurance Test for Domestic Steel Industry". Financial Tribune. December 18, 2015.
  6. ^ "Formation of Water Markets Can Help Address Paucity in Kerman". Financial Tribune. March 6, 2022.
  7. ^ "Domestic production of mining equipment saves Iran $838m in a year". Tehran Times. May 25, 2024.
  8. ^ "Domestic production of mining equipment saves Iran $450m in 11 months". Tehran Times. February 25, 2023.
  9. ^ "Pres. Rouhani arrives in Kerman to inaugurate projects". Mehr News Agency. February 1, 2018.
  10. ^ "TSE index hits new record". Mehr News Agency. August 8, 2013.
  11. ^ "Iran's annual iron ore concentrate output nears 50mn tons". Mehr News Agency. April 13, 2021.
  12. ^ "TSE index hit 50-year record high of 102,000 points". Mehr News Agency. June 18, 2018.
  13. ^ "Iran launches 2nd phase of water transfer from Persian Gulf". Mehr News Agency. March 14, 2021.
  14. ^ "Persian Gulf water transfer project inaugurated". Mehr News Agency. November 8, 2020.
  15. ^ "Iran's annual iron ore concentrate output nears 50mn tons". Trend News Agency. April 13, 2021.
  16. ^ "Iran's Golgohar Mining and Industrial Company achieves production growth". Trend News Agency. April 3, 2024.
  17. ^ "معرفی شرکت معدنی و صنعتی گل گهر: معرفی و پیشینه تاریخی". Donya-e-Eqtesad (in Persian). January 29, 2019.
  18. ^ "About Us". geg.ir.
  19. ^ "3 Kerman Mining Projects Inaugurated". middleeastmetals.ir. February 3, 2018.
  20. ^ "GolGohar Mining and Industrial Co. established a new record this year". miningnews.ir. October 19, 2020.
  21. ^ "1 Billion Tons Added to Iran's Iron Ore Reserves in Six Years". eghtesadonline.com. June 30, 2021.
  22. ^ "GOLGOHAR MINING AND INDUSTRIAL COMPANY". LURSOFT. Retrieved September 18, 2024.
  23. ^ "Sanctions List Search". OFAC.
  24. ^ "GOLGOHAR MINING AND INDUSTRIAL COMPANY". Open Sanctions.
  25. ^ "Treasury Targets Iran's Billion Dollar Metals Industry and Senior Regime Officials". U.S. Department of the Treasury. January 10, 2020.
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