National Industries and Mining Development Company

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:
The subject of the activity of the company is the exploration, exploitation and exploitation of iron ore mines, the production of concentrates, pellets and iron ore, and the production of steel, and to carry out all affairs and operations directly and indirectly for the achievement of the company’s goals;

This company is in compliance with the provisions of the memorandum No. 19340 dated 1389/07/19 and the addendum dated 12.2.1932, and finally the investment agreement No. 14675 dated 14/13 1391, which was issued by the investment company of the National Development Group (as the investor) Is organized by IMIDRO Organization and aims to provide an appropriate framework for conducting and implementing thematic projects;

National Industries and Mining Development Company its owned by designated Tose-E Melli Group Investment Company. Tose-E Melli Group Investment Company is owned by Iran Bank Melli;

Bank Melli is designated pursuant to E.O. 13224 for assisting in, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, the IRGC-QF, which was previously designated pursuant to E.O. 13224 on October 25, 2007;

Industry:
Mining Industry

Involved In:
Nuclear Weapon Program
Missile Weapon Program

Also Known As:
NIMIDCO

Country:
Iran

Address:
Number 55, Pardis Street, N. Shirazi Street, Molla-Sadra Street, Vanak Square, Tehran, Iran

Phone:
021-88606307-9

Website:
www.nimidco.com

E-mail:
info@nimidco.com

Person of interests:
Dr. Fakhrullah Mola’i – Managing Director and Deputy Chairman of the Board
Engineer Mohammad Keshani – Chairman of the Board
Engineer mostafa asadi – Member of the Board
Dr. Kasra Ghafouri – Member of the Board
Farzin Hashempour – Human Resources Manager
Hassan Mehrabi – Financial manager
Mohammad Khani – Procurement Manager
Engineer Mehdi Zamani – Sangan Complex Manager
Gibreel Rezaie – Director of Public Relations

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 November 05, 2018 pursuant to E.O. 13224 for being owned or controlled by Bank Melli or one of Bank Melli’s subsidiaries;


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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.