The National Iranian Copper Industry Company continued to achieve significant economic gains in the first quarter of this year, yielding an impressive quarterly yield of about 30 percent for its stockholders, according to Mining News. Behrooz Rahmati, a consultant managing director and director of shares, investment and company affairs in this regard, said that in the winter of 2016, the rising world price of copper began to hit global markets, and so far this trend has been ongoing. Due to these developments, as well as the after-market conditions, Copper shares with an unparalleled luck with the capital market, which brought about 70% positive returns to shareholders of Copper Company in the middle of 2017.
With the departure of the United States in May 2018, many thought that the stock market would face a lot of problems, and that the shares of export-oriented companies would face negative and negative effects, but not only that did not happen, but we are seeing Fomly shares in The end of spring 2018 has created a marginal return of around 30% for the stockholders of the company. This occurred despite the fact that, despite the 13% return on the total stock market index in the spring of 2018, the shares of the National Iranian Copper Industry Company in the same period had more than twice the yield, equivalent to more than 120%, compared to the total stock index. In addition, by the end of June, 2018, the stock market value of the company amounted to 205.8 trillion Rials, the highest historical value of the company`s market value.
In response to the question of which company Cop has won in the Iranian stock market by the end of June 2018? The figures released from the stock exchange show that the company`s copper rating at the end of 2017 among 50 more active stock companies has been upgraded with a dramatic jump from 30 to 4, and by the end of June this year, with an upgrade to a fourth quarter Last year it was ranked third in terms of market value. The company also ranked fourth in the nominal value of shares (capital amount registered), the company`s highest historical rating since the acquisition of its stock company in the stock exchange since February 2006.
What is the mercy of answering the question of whether there is a correct summing up of the concept of development in the copper industry? He said: "The development approach in the copper company has always existed, but there has been a controversy over the prospect and development and production." In this regard, the National Copper Company, as the trustee of the upstream copper industry, has been considering plans to increase its production and improve its position over the past one decade. In the last decade, the Copper Space Prospectus document has changed several times for the capacity it was supposed to create. In these plans, the initial capacity that was considered in the mid-80s was to increase production capacity from 200,000 tons to about 400,000 tons of cathode copperThen, in the late 80`s and early 90`s, the program changed, and the production level upgraded to 700,000 metric tons of cathode copper was correctly targeted. Again, in 1992 and 93, the development plans of the company were under review due to the reduction of world prices for copper, and the capacity of 700 thousand tons was re-adjusted to 400 thousand tons. One of the reasons for these changes in the field of copper industry development is a different view in the country, some of which believe that we are only going to the stage of production of concentrates, and some believe that the end of the production chain (cathode) and even the downstream industries will proceed.
He added: "My point is that we should choose an intermediate between these two options, based on the policies of the resistance economy as well as the political atmosphere of the society, so that we can partly complete the production chain, that is, create the maximum value added. It is true that about 80 percent of the profit margin is reached by the end of the concentration period, but there are no conflicts in which we can complete the production chain and refine and refine, and the next 20 percent of the profit will be distributed to the shareholders of the company.In addition, in the face of the country`s economic difficulties and international economic pressures and one of the main problems of the country`s employment debate, the development of copper industry can solve some of the problems related to unemployment, so I agree with this that the priority with the field Mine and dense, but we also have a basic look at the smelting and refining industry and the downstream industry, so that we can provide a portfolio of full-scale copper production products to domestic and international markets.
Managing Director and Managing Director of Stock Affairs, Investment and Assemblies of Copper Co. commented on the Copper Company`s view on these views, now with changes that occurred in the area of management of the National Copper Company and also due to the increase in world prices of copper to about $ 7,000 per ton , A major overhaul of the company`s development plans aimed at increasing the production capacity and activating a number of projects that have been stopped for several reasons, including global copper prices over the last few years, re-establish and re-establish long-term and sustainable development of the company on the agenda. And there is a lot of hope going on to make an increasing trend Copper industrial production capacity more quickly, therefore, with these changes, we hope to see the return of the main position of this company in the world as deserving and our country`s share of copper or copper cathode production increase and even increase by about 3 to 4 times the current level, which seems to me to achieve Given the unpopular copper mineral potential of the country, the high profit margin of the copper industry in the world, the continuous growth of the world`s copper consumption and its stable market will be very accessible, and in this regard, the National Iranian Copper Industry Co. as the mother company and the upstream country of copper Who is responsible for the development and extraction of minerals and cathode copper production in the country, determination It has made itself responsible for the sustainable production and sustainable development of the copper industry.
In the end, he also said about the copper program to increase the company`s capital: "Given that under the current conditions of the country we do not have access to finance with low interest rates in the international space, I believe that capital increase is one of the best and easiest and perhaps cheapest financing models Company development projects in Iran. Accordingly, following the approval of the Copywriting Board of the Copper Company on Apr.30.18, a Supply Counseling Contract
has been concluded with one of the supply companies. By holding coordination meetings and exchanging information on these matters, various management departments and representatives of the company are now drafting a justification for increasing capital Provision will be made if the shareholder agrees with the stockholders and the stock exchange, the company will increase its capital by about 50%.
Adding to the fact that the rating of information companies of stock companies is one of the important items affecting the decisions of capital market participants in transactions, added: This rating and rating, which is issued quarterly by the Securities and Exchange Organization, is one of the most important parameters for shareholders, especially shareholders. Wisdom, by reviewing it, can be made transparent and comprehensible, and, accordingly, plan and take advantage of its trading in the exchange. based on the latest rankings from the stock exchange, the company`s rating has been upgraded from 181 to 132 in the fourth quarter of 2017, and the latest ratings for the first quarter of this year have not yet been released by the Stock Exchange, which is expected to rank further in the recovery process Self, again, finds a better upgrade.
Stating that the unpredictability of global markets and items affecting copper prices that differences in funding and EPS company that incurs Rating Information Company has said points notification according to the "Points timeliness" and "Rating reliability ` Information published by the company is calculated. In recent times, the timing of the release of information for the copper company is excellent and in some periods, like the last two, we have received the maximum possible score. Therefore, reducing the company`s rating is mainly related to earning a low score about the reliability of the information released.
In this context, we can point out the significant disagreements between the first EPS with the actual EPS for the financial years of the company, which can be considered as the most important factor in lowering the reliability of the information retention capability and, finally, the low rating of the company (transparency rating). The aforementioned difference for the fiscal year 2016 and 2017 was positive at 152 and 188 percent, respectively.
Managing director and director of corporate affairs, investment affairs and assemblies of Copper Co., said that Copper shares totaled 1130% in the past 12 years, with an average annual return on investment. Shareholders who have been shareholders since the company`s admission to the stock exchange has been around 94% per annum. Given these figures, it is self-evident that the copper shares have always been a stock and dynamic shareholding in the stock exchange, which has always yielded significant positive returns to shareholders for the time being.
Moreover, the strategic dimension of the metal and copper industry has the greatest advantage for investment and development in the country compared to other basic metals such as aluminum, lead, zinc, nickel, tin and even precious metals such as gold, silver, platinum and steel. It can be regarded as the heaven of mineral investors in the world and in Iran. Also, a look at the global production of copper in 2017 (about 23 million tons), shows that this steel is the third most widely used and strategic metal in the world after steel (about 1691 million tons) and aluminum (63.4 million tons). The presence of these factors has led, fortunately, to the shareholders of the copper company as well as the capital market participants to have a positive outlook on this share and to look at this share over the past years as a fundamental and influential contribution.
In addition, in the past years, despite having some cross-sectional problems, Copper has always maintained a sustainable development trend as a critical factor for the trust of capital market participants to a firm, which is also an important factor in the confidence of shareholders in copper stocks.
In another part of his speech, he outlined the position of development in the copper industry: According to each company, in order to be able to survive in the international environment, there is no other way than the development of the copper company, not only by virtue of the conditions The specialty of this industry, this important in the field of copper is also more important, and of course this development must also be carefully studied and developed with a long-term and sustainable attitude. In the field of development of copper, any development based on Feasibility Study International Bankable, ie, a technical and economic study based on international standards commonly used in the world, is 100% economic and the cost will be returned to the investor. It can be said that in other areas of metals, this guarantee cannot be easily granted to shareholders of companies, but in the copper industry, investors can be sure that investment and development of copper industry plans will not be a concern.