The Chadormalu Mining and Industrial Company (CMIC) ( fa, شرکت معدنی و صنعتی چادرملو, ''Sherkat-e Ma'dani va San'ati-ye Châdormalu'') was established in June 1992 in
Tehran
Tehran (; fa, تهران ) is the largest city in Tehran Province and the capital of Iran. With a population of around 9 million in the city and around 16 million in the larger metropolitan area of Greater Tehran, Tehran is the most popul ...
, Iran.
CMIC is the main
iron ore
Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the fo ...
concentrate producer by
direct reduction in the Middle East, with seven million ton per year; it produces up to 1,000,000 ton/year of crushed iron ore for
blast furnace
A blast furnace is a type of metallurgical furnace used for smelting to produce industrial metals, generally pig iron, but also others such as lead or copper. ''Blast'' refers to the combustion air being "forced" or supplied above atmospheric ...
s and export.
With a
market capitalization
Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders.
Market capitalization is equal to the market price per common share multiplied by t ...
of $2 billion in 2007, CMIC is one of the largest companies listed on the
Tehran Stock Exchange.
CMIC has been awarded
ISO
ISO is the most common abbreviation for the International Organization for Standardization.
ISO or Iso may also refer to: Business and finance
* Iso (supermarket), a chain of Danish supermarkets incorporated into the SuperBest chain in 2007
* Iso ...
9001, ISO 14001, and
OHSAS 18001 certification.
[
]
See also
* IMIDRO -Iranian Mines & Mining Industries Development & Renovation
* Mining in Iran
Mining in Iran is still under development, yet the country is one of the most important mineral producers in the world, ranked among 15 major mineral-rich countries, holding some 68 types of minerals, 37 billion tonnes of proven reserves and ...
* Transport in Iran
References
External links
*
{{TSE Companies of Iran
Mining companies of Iran
Non-renewable resource companies established in 1992
1992 establishments in Iran
Companies listed on the Tehran Stock Exchange
Iranian entities subject to the U.S. Department of the Treasury sanctions