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