National Iranian Copper Industries Co.

Risk Level:
99% May harm your business future; Persons or entities that engage in transactions with this entity will be exposed to sanctions or subject to an enforcement action;

Working with this entity means supporting Iranian Regime, Regime Terrorist Activities & development of WMD

Status:
Top Alert – Entity designated / sanctioned for terror, WMD and human rights violation

Info:
National Iranian Copper Industries Co., which encompasses all operations of copper mines in the country. The functions of this company include among others: To extract and operate mines of copper; to produce high grade products of ore and copper products such as cathode, slab, billet, and 8-mm wires. Among the most important copper mines of the country one may name: Sarcheshmeh and Miduk in Kerman, and Songon in East Azerbaijan.

Bank Mellat, Bank Tejarat, Bank Refah Kargaran, Iran Export Development Bank owns shares in National Iranian Copper Industries Co.;

National Iranian Copper Industries Co. is client of Neka Novin, entity linked to the Atomic Energy Organization of Iran (AEOI);

Outotec has been awarded multiple orders, worth a total of Eur265 million ($326 million), for technology deliveries to National Iranian Copper Industries Co.’s copper and molybdenum projects in Iran;

Also Known As:
National Iranian Copper Industries
National Iranian Copper Industries Company
Kerman Sarcheshmeh Copper Mines Co.

Established:
1972

Country:
Iran

Address:
No. 2161 – Next to the Saei Park – Vali Asr Ave – Tehran

Phone:
+982182138000

Website:
www.en.nicico.com

Email:
pr@nicico.com

Reason for the color:
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on January 10, 2020 pursuant to Executive Order 13871 for operating in the iron, steel, aluminum, or copper sectors of Iran;
» NICICO is owned by entities that are sanctioned by OFAC;


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IFMAT Color Guide

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We sort entities who are connected with terrorist activities, in two sections, first by risk and second by geolocation.
GeoLocation divisions are divided into two fields, Black List and Gray List.
BlackList is a list of all companies, organizations and figures who originate from Iran.
GrayList is a list of all companies, organizations and figures out of Iranian borders, and doing business with Iran.
We identify risk of entities by COLOR selection, each color marks the risk level of the entity.(by declining order)
 
TOP ALERT
Designated / Sanctioned / Illicit entities
 
HIGH ALERT
Entities affiliated with Designated / Sanctioned / Illicit entities.
 
MEDIUM ALERT
Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.
 
RISK ALERT
Entities in a problematic sector - Sector controlled by the Top Alert entities.
 
GENERAL ALERT
Legitimate entities - we cannot determine whether an entity is completely green, and that is due to the facts that the Iranian economy is not transparent enough for us. Be sure.