about

Who are we What we do What is our goal?

Time of establishment and capital MIDHCO

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..

Topic of activity MIDHCO

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..

Management model OF MIDHCO

Midco's management model is based on strategic control, in the sense that the regulation of the same rules and standards governing affiliated companies is the responsibility of the headquarters of the holding and will monitor them. The subsidiaries in their corporate offices are independent and have their own board of directors.

  • Slogan MIDHCO

     

    Our development instigates from the mine

  • Target MIDHCO

     

    Promotion of shareholder value

  • Property MIDHCO

     

    Health, speed, accuracy, order, unity

 

The area of governance MIDHCO

This specialty holding is aimed at investing in the mining and mineral sector of the country. Thus, all subsidiary companies in the Mecco range provide this special purpose.

  • Determine the vision, goals, missions and strategies in the holding set.
  • Determine the strategy of the holding set.
  • Managing macroeconomic risks and coordination between tripartite committees.

اFive year horizon MIDHCO

Product name the amount of
Steel Bullion 4/2 million tons
Iron Ore pellets 7/5 million tons
Iron Concentrate 8 million tons
Metal Coke 800Thousand tons
Coal Concentrate 4/2 million tons
Frosilis 7/5 million tons
Copper cathode 8 million tons
Copper tube 800Thousand tons

 

Midco's story