Iron ore and Coal

Explaining the development plans of Golgohar Co.

Explaining the development plans of Golgohar Co. at the annual General Meeting of the General Corporation
Explaining the development plans of Golgohar Co.
Mining New - The Annual General Meeting of Golgohar Mineral and Industrial Company was held on the 7th of July this morning with 85 percent participation of shareholders at the Ministry of Interior hall in Tehran.
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At the beginning of the meeting, Nasser Taghizadeh, CEO of Golgohar Mining and Industrial Co., said: "We have always focused on the leadership of the Supreme Leader, and the Golgohar collection has always been in the direction of guidance. The Supreme Leader will move to increase production and employment and support domestic producers.

He added: "The Islamic Republic of Iran has been suffering from numerous problems during the recent years due to its defeat, but we have already handled these problems, and now we will pass through this difficult and well-deserved stage."

In the following, Taghizadeh presented the company`s financial report and said: Golgohar Company was the first to produce concentrate and iron ore in the country by producing 37 percent of the country`s iron ore and concentrate in 1396.

He added: Golgohar Company, with 35% of the country`s pellets, was first placed in 1396. Despite the nominal capacity of 10 million tons of pellets, at Golgohar Company, more than 11 million tons of pellets were produced at the company, which is a great honor for the company.

Golgohar CEO said: Golgohar`s sales rose by 66% year-on-year in comparison with the previous year. The net profit of the company grew by 109% in 1396, due to the miracle of increased production and price control.

In the following, Taghizadeh presented the company`s financial report and said: Golgohar Company was the first to produce concentrate and iron ore in the country by producing 37 percent of the country`s iron ore and concentrate in 1396.

He added: Golgohar Company, with 35% of the country`s pellets, was first placed in 1396. Despite the nominal capacity of 10 million tons of pellets, at Golgohar Company, more than 11 million tons of pellets were produced at the company, which is a great honor for the company.

Golgohar CEO said: Golgohar`s sales rose by 66% year-on-year in comparison with the previous year. The net profit of the company grew by 109% in 1396, due to the miracle of increased production and price control.


He continued: Golgohar Co., along with manufacturing and executive, is the main shareholder of other companies, especially in Golgohar region, which has also increased profits and sales over the past year. Taqizadeh noted that another of his talks on development activities carried out by Golgohar Company in subsidiary companies, added: Gohar Iron ore pelletizing unit has more than 72% physical progress and will benefit by early next year The vector will arrive. Goharzamin Iron Ore Concentrate Line 3 will be operational at 2 to 2.7 million metric tons early next year. In addition, the 2.7 million tons of Sponge Iron Unit, Golgohar Iron and Steel Development Company (Kosar), entered the experimental phase last week and a unit of 3 million tons of steel sheet is under construction.


The capital of the project was to be made through the Austrian bank, which, with the changes, if the loan is canceled, the project capital will be financed from the domestic resources and the project will be completed at the time. He said the cold briquetting unit unit of Golgohar iron and steel development company is one of the other plans of Golgohar, which will be operational by the end of 1397. The world`s first melting plant, September, will be marketed this year. He said: "The most important projects of Golgohar`s
The Persian Gulf pipeline project, which will be carried out with follow-up, we will bring water to Sirjan by the first half of this year.

Managing Director Golgohar r was able to make the discoveries a top priority for Golgohar Company and said that important agreements have been reached between Golgohar and IMIDRO. We have good news about discoveries that will be announced soon. There is also a consortium of Mobarakeh, Chadormalu and Golgohar Company that we are planning to produce 10 million tons of steel in Chabahar. The plan is currently in the study phase. At the end of Taqizadeh, he stated: "As we crossed the ups and downs in previous years, we are also in the current stage to do our best to build Iran."


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