Chadormalu Mining and Industrial Company

Introduction and history:
 

Chadormalu mine was identified in 1940 by an Iranian engineer with the name of Mr. Sobhani under the supervision of a German geologist named Komel. Preliminary geological research was done during the years 1963-64 by digging exploratory tunnels. General explorations in the region and aerial magnetometry, which had started in 1968 in an area of 40,000 square kilometers, led to the recording of magnetic anomalies in the entire Bafgh Saghand and Zarand regions of Kerman. Additional discoveries were made in 1973-1978. After the Islamic Revolution of Iran, Chadormaloo mines were considered as an independent project. In 1983, negotiations for further studies and detailed design with the Swedish company LKAB began, but did lead into success. In 1986, the German consulting engineers of E.B.E company were selected for preliminary studies and detailed design and the engineering contract of phase one in 1986 and phases 2 and 3 in 1990 was signed between the National Iranian Steel Company and the aforementioned consulting engineers. After conducting phase 1 studies, the consultant, with the approval of the National Iranian Steel Company, selected the Chadormaloo iron ore processing method through weak field separator, strong field magnetic separator, hematite flotation to reduce phosphorus and apatite recovery (phosphorus concentrate) and detailed design. They started based on this method. In parallel with the mentioned engineering activities, the license to start the executive operation was issued in 1989 by the then Program and Budget Organization and the plan was implemented.

Geographical location of the mine:

Chadormalu iron ore mine is located in the heart of the central desert of Iran, on the northern slope of the gray mountains of Chah Mohammad in the southern margin of Saghand salt field, 180 km northeast of Yazd and 300 km south of Tabas city. Due to the geographical location of the desert, Chadormaloo has a dry and cold climate in winter and hot in summer. The amount of cold in winter nights sometimes reaches 16 degrees below zero and the temperature in summer rises up to 45 degrees. The wind speed has reached 90 kilometers per hour, which causes sandstorms.

Company products and consumers:

The main products of the company are concentrate, granulated iron ore (coarse and fine grain) and apatite concentrate. Consumers of iron ore products are steel complexes, which produce steel products by direct reduction method. Iron ore is the main raw material required in the steel industry. According to the consumers of iron ore product, steel complexes, which produce steel products by direct reduction method. Iron ore is the main raw material required in the steel industry. Therefore, one of the important economic advantages in the production of steel in any country is the use of domestic iron ore. In Iran, steel mills, especially Mobarakeh Steel and Isfahan Steel, use this advantage. Using domestic iron ore, according to the existing considerations, in addition to foreign exchange savings, provides the ground for a major reduction in the price of steel products in these two units.

Company type:
Public Joint Stock Company

Date of establishment of the company:

Chadormalu Mining and Industrial Company was registered in June 1992 under No. 2257 in the Companies Registration Office of Yazd city. Then, according to the decision of the Extraordinary General Assembly dated 07/11/1998, the center of the company was transferred to Tehran and was registered under No. 145857 in the General Office of Registration of Companies and Non-Commercial Institutions of Tehran. 

Location of the company:

The central branch of the company is located in No.66, Esfandiar Blvd, Valiasr Str., Tehran, and the company has no branch. Chadormalu Mining and Industrial Complex is located in Yazd province, 180 km northeast of Yazd city, on the edge of Saghand desert.

Founders and shareholders of the company:

Chadormalu Mining and Industrial Company was initially established with the investment of Sepah Bank and the National Iranian Steel Company. Currently, the company's shareholders are: Omid Investment Management Company, Iran Mines and Mining Industries Development and Renovation Organization, Mines and Metals Development Investment Company and other real and legal shareholders.

Company activities:

The subject of the company's activity is: exploration, extraction and exploitation of iron ore mines and production of concentrate from it and production of pellets, production of iron ore (lamp over) production of steel products, installation and commissioning and maintenance and repair and technical inspection of equipment service and Machinery required by the company, purchase and supply of all types of machinery and equipment and facilities and materials required to perform the subject of the company's activity, performing engineering services, consulting, management training and providing technical knowledge from inside or outside to realize the subject of activity Company. Partnership and investment with real and legal persons and domestic and foreign banks and credit institutions in other companies and mining and industrial projects, concluding contractual agreements in order to provide technical and engineering services and exploitation of mines and its processing and undertaking all commercial relations, such as sales and purchases, exports and imports and all operational matters that are directly or indirectly necessary to implement the subject of the company. Publication of sale of bonds and participation bonds in accordance with the relevant laws and regulations, participation and investment in the establishment of new companies inside and outside the country and any kind of purchase and sale of securities, obtaining financial facilities and services from banks and non-bank credit institutions according to laws and the relevant regulations, performing any type of operations and transactions that are necessary to achieve the purposes of the company. 

Initial capital and changes in the company's capital:

According to the minutes of the Extraordinary General Assembly dated 2003/04/21, the nominal value of the shares was reduced from 10,000 Rials to 1,000 Rials and the legal personality of the company was changed from a private company to a public company. These changes were registered under No. 17437 dated 2003/07/29 in the Registry of Companies and Non-Commercial Institutions of Tehran. In 2003, after taking the necessary measures to accept the company's shares in the Tehran Stock Exchange, finally on 2003/10/04  as the three hundred and fifty-sixth company listed on the stock exchange in the group "Extraction of metal ores" with the code (13- 10-01) and with the symbol (Kachad) was listed in the list of prices of the stock exchange organization and its specifications are available on the website www.irbourse.com, other additional information is available in the section of stock affairs and assemblies. 

Chadormalu Mining and Industrial Company Integrated Management System Policy Statement:

Chadormalu Mining and Industrial Company is active in the field of iron ore extraction, processing and production of concentrate and its conversion into pellets that can be used in the steel industry. Using the most advanced technology and modern equipment by monitoring the activities of contractors, customer satisfaction, in order to sustainable development and environmental protection, the main goal is to ensure the health and safety of human resources. The company uses all its resources of the organization to achieve all these goals. 
In order to show and prove its ability to continuously supply products that meet customer needs by maintaining the environment and ensuring the safety of employees and stakeholders, the company's management creates and implements ISO 9001-2008 quality management standard, ISO14001-2004 environmental management standard and Occupational Health and Safety Management OHSAS 18001-2007. The management of the organization, in order to continuously improve, commits itself to the following:

 

I have reviewed the policies and objectives on an annual basis and appointed the Director of Information Technology and Systems Development as the Management Representative. He is responsible for overseeing the performance of the integrated management system. I ask all colleagues to carefully study and implement the provisions of the integrated management system of Chadormaloo Mining and Industrial Company.
Management of "Mahmoud Nourian"