Iranian Mines and Mining Industries Development and Renovation Organization

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

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

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;

Mining Industry

Involved In:
Nuclear Weapon Program
Missile Weapon Program


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


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

98 21 88 82 91 81 9



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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IFMAT Color Guide

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)
Designated / Sanctioned / Illicit entities
Entities affiliated with Designated / Sanctioned / Illicit entities.
Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.
Entities in a problematic sector - Sector controlled by the Top Alert entities.
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.