Mining and steel Industries
Arzesh Afarinan Pasargad is a shareholder of one of the largest mining and steel holdings conducting a chain of mining operations from extraction of iron ore to production of crude steel,
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 numbers of shareholders have exceeded 11000 people.
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.
In the first phase, two iron ore Concentrate Plants have been exploited in cities of Sirjan and Zarand .Direct Reduction Steel Making Project , Coke making plant, coal preparation plant and Ferro Siliceous plant are coming into operation in 2012.
The 14 subsidiary companies of MIDHCO are active in Iran and abroad, creating synergy in the Holding Company.
- ZISCO
- SISCO
- BISCO
- IBCCO
- MEMSECO
- MEMRADCO
- PCPCO
- MIEPCO
- FESICO
- MANAGC
- MESCO
- MESBROKER
- GMI
- WMI
Besides the companies which are designed for implementing copper and steel industries projects, are responsible for providing specialized services.
|
Capacity
|
Product
|
|
8 MT
|
Iron Ore Concentrate
|
|
7/5 MT
|
Pellet
|
|
4/2 MT
|
Steel
|
|
1 MT
|
Sponge Iron
|
|
800 KT
|
Coke
|
|
550 KT
|
Coal
|
|
50 KT
|
Copper
|
|
12 KT
|
Pipe Copper
|
|
12 KT
|
Ferrosilicon
|