Iranian Mines and Mining Industries Development and Renovation Organization

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

Info:
Iranian Mines & Mining Industries Development & Renovation, known as IMIDRO, is a major state-owned holding company active in the mining sector in Iran. IMIDRO has 8 major companies and 55 operational subsidiaries active in steel, aluminium, copper, cement and mineral exploitation fields;

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) is an Iran-based entity that is owned or controlled by Iran’s Ministry of Industries and Mines. IMIDRO is a major holding company that provides services to and aims to expand Iran’s mining and mineral goods sector;

Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) owns 49 percent of the KWSteel Kuwaiti company’s share;

KWSteel has been affiliated with AscoTec (a.k.a. Ascotec GmbH), a steel company active in Iran and owned by subsidiaries of the National Iranian Steel Company (NISCO), which is affiliated with the Iranian Ministry of Industry and Mines;

Industry:
Mining Industry

Involved In:
Nuclear Weapon Program
Missile Weapon Program

Established:
2001

Also Known As:
IMIDRO
Iran Mining Industries Development and Renovation Organization
Iranian Mines and Mineral Industries Development and Renovation

Country:
Iran

Address:
No. 51, Ghobadiyan Street, Valiasr Street, Tehran, 1968917173, Iran

Phone:
98 21 88 82 91 81 9

Website:
www.imidro.gov.ir

E-mail:
[email protected]

Person of Interests:
Mohammadreza Nematzadeh (Minister of Industry & Chairman)

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 11/05/2018 pursuant to Executive Order 13224;
» Identified by the U.S. Treasury Department on 08/03/2010 to be owned or controlled by the Government of Iran;

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