Mines and Metals Development Investment

Risk Level:
89% May harm your business future;

This entity is connected with designated / sanctioned entities who are helping Iranian Regime Terrorist Activities & development of WMD

Status:
High Alert – Entity affiliated with Designated / Sanctioned / Illicit entities

Info:
Mines and metals development investment company (MMDIC) is a leading regional mining and metals group that focuses on exploring, mining, processing and marketing the mineral resources and metallic products in Iran;

Esfehan Mobarakeh Steel Company owns shares in MMDIC. OFAC designated Esfahan’s Mobarakeh Steel Company pursuant to E.O. 13224 for assisting, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, Mehr Eqtesad Iranian Investment Company. Mehr Eqtesad Iranian Investment Company, acts as an intermediary for the economic entrenchment of the Basij and Bonyad Taavon Basij, both connected to IRGC;

MMDIC is shareholder in Arfa Iron Co , & Saramd Iron Co;

Chadormalu Mining and Industrial Company was established by investment of Bank Sepah and National Iranian Steel Co. At the present time, its shareholders are Omid Investment Management Corporation, Iranian Mines and Mining Industrial Development and Renovation Organization (IMIDRO), Mines and Metals Development Investment Co. (MMDIC) and other shareholders;

Mines & Metals Development Investment Company (MMDIC) is working on a project with SPIMMCO from Iran – Buying the main producing line of Armenian Tire factory, de montaging, separating, cutting and shipping as scrap metals to Iran for SABA company.(MMDIC subsidiary);

Shareholders of these companies have connections to the terrorist organizations IRGC. Income from this company, IRGC uses to sponsor terrorist organizations, sponsor terrorist attacks around the world, develop weapons of mass destruction and new ballistic missiles;

Clients:
Chadormalu Mining & Industrial Co.
Golgohar Mining & Industrial Co.
Sabanour Mining & Industrial Development Co.
Gohar Zamin Iron Ore Co.
Arfa Iron & Steel Co.
International Metal Production & Development Co.
Parsland Mines & Industrial Development Co.
Iranian Catalist Development Co.
T.C. Co.
Sadid Mahan Steel Co.
Shahid Ghandi Corporation Complex
Sarmad Iron & Steel Co.

Established:
1997

Industry:
Mines and Metal Industry

Involved In:
Nuclear Weapon Program

Also Known As:
Mines and Metals Development Investment Company
MMDIC

Country:
Iran

Address:
Tehran 19868, Iran, Africa, Esfandiar Blvd, # 3, PO Box 467-19615

Phone:
009821 22043353-0098212204565

Website:
www.mmdic.com

Email:
info@mmdic.com

Person of interests:
Azizollah Asari (General Director)

Reason for the color:
» Mobarakeh Steel owns shares in MMDIC;


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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.