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

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

Info:
Iranian Zinc Mines Development Company engages in production of lead and zinc. Iranian Zinc Mines Development Company is based in Tehran, Iran;

OFAC designated IZMDC pursuant to E.O. 13224 for being owned or controlled by Taktar Investment Company;

Taktar Investment Company is OFAC designated entity, for being owned or controlled by Technotar Engineering – Entity that is designated for being owned or controlled by Mehr Eqtesad Iranian Investment Company;

Mehr-e Eqtesad-e Iranian Investment Company is owned or controlled by Mehr Bank (entity owned by the sanctioned Basij Resistance Force);

According to U.S. Treasury:
Technotar Engineering, which is an engineering firm owned by Mehr Eqtesad Iranian Investment Company, specializes in the production of refueling equipment, but it has recently purchased Taktar Investment Company.

Taktar Investment Company in turn purchased Iran’s Zinc Mines Development Company (IZMDC), Iran’s preeminent, multibillion-dollar zinc and lead mining and processing holding company, which owns several subsidiary mining, smelting, and mineral production complexes. Technotar and Taktar serve as intermediaries to obscure Mehr Eqtesad Iranian Investment Company’s control over IZMDC. Calcimin, which is owned by IZMDC, acts as an intermediary to maintain ownership over four additional mineral companies: Bandar Abbas Zinc Production Company, Qeshm Zinc Smelting And Reduction Company, Zanjan Acid Production Company, and Parsian Catalyst Chemical Company;

IZMDC is afiliate with:
Calcimin, Acid Makers Alvand Rouinkaran, Andishemhvaran Co., Bafgh Zinc Smelting Co., Angooran, Miners, RECo, Iran Mineral Processing Co., ZIDC Company, Qeshm Zinc Melting and Reduction, Shomalshargh Shahrood, Persian Catalyst Chemical Co., Zangan Zinc Industry, Bandar Abbas Zinc Production, Iran Zinc Production Co., National Iranian Lead and Zinc Co., Pooya Alpha Machin, Angooran;

Iran Zink and Mines Development Company owns Andisheh Mehvaran Investment Company. Andisheh Mehvaran acted as an investment firm for IZMDC, obtaining profit from its investments in large entities such as Parsian Bank, Sina Bank, and Bahman Group;

Designated Mehr-e Eghtesad-e Iranian Investment Company owns Iran Zinc Mines Development Company;

Also Known As:
Iran Zinc Mines Development Co.
IZMDC

Involved In:
Nuclear Weapon Program

Country:
Iran

Address:
No. 13, 8th Street, Ghaem Maghame Farahani Ave., Tehran, Iran
No.45, 4th Street, Amir Alame Ghazanfarian Avenue, Etemadiyeh , Zanjan, Iran

Phone:
0098-21-88540095
0098-2433-423000

Website:
www.izmdc.com

E-mail:
info@izmdc.com

Person of interests:

Board of DirectorsSideAgent
Muhammad Baqir FaqihChairman of the BoardAtieh Iran Investment Company (Private Joint-stock Company)
Ardeshir Saad MuhammadiDeputy Chairman and CEOCalessimin Company (Public Joint Stock Company)
Ali Reza Nikzad leaderMember of the BoardAndisheh Moharan Investment Company (Private Joint-stock Company)
Seyed Ali RizzadehMember of the BoardNegin Beach Royal (private equity company)
Mohammad Ghobadi SamaniMember of the BoardHorizon Neilly Persian Gulf Company (Joint Stock Company)

Operational Scheme:
Bonyad support network IRGC’s financial lifeline

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 October 16, 2018 pursuant to Executive Order 13224, for being owned or controlled by Taktar Investment Company;
» Designated Mehr-e Eghtesad-e Iranian Investment Company owns Iran Zinc Mines Development Company;


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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.