NICICO is owned by entities that are sanctioned by OFAC





According to National Iranian Copper Industries Co. (NICICO) official website (www.nicico.com), shareholders of NICICO are entities sanctioned by the U.S. treasury department for being involved in terror, WMD and human rights violation.

1. IMIDRO – 12.05%
2. Bank Mellat – 5.74%
3. Bank Tejarat – 2.46%
4. Bank Refah Kargaran – 1.64%
5. Iran Export Development Bank – 0.36%

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Source » NICICO

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