GolGohar Iron Ore Coompany was incorporated in 1969 is located in southern Iran, in southwest of Kerman province when the company`s deposits were discovered by Iran Barite Company. The total deposits of iron ore in the region are estimated to be over 1.135 billion tons situated in 6 ore bodies Soon after, GolGohar Iron Ore Co was established as a joint venture between the National Iranian Steel Company and Sepah Bank of Iran. GolGohar follows a mining tradition in this region which dates back 900 years and extracts different kinds of ore like Fine Iron Ore (Magnetite & Hematite), Lump Iron Ore ( Magnetite & Hematite), Magnetite Iron Ore Concentrate, Hematite Iron Ore Concentrate, Iron Ore Pellets. The transportation is provided by the connection of the company to the Trans-Iranian Railway through the Tehran-Bandar Abbas line. At GolGohar, 6 million tons per year of concentrate is produced through crushing, dry and wet grinding, and magnetic separation methods using low intensity magnetic separators. Dry magnetic separation extracts 65% of the final product and the rest is obtained by a process of wet magnetic separation.
Basic Information
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Chief Executive Officer
Ownership Details
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38.25%
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23.03%
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10.72%
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2.64%
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1.86%
Subsidiaries
Sirjan Jahan Steel Complex Company Puplic Joint Stock
51.52%
Sirgan Gohar-Tarabar Mineral Transport Company Public Joint Stock
32%
Tajali Mines & Metals Development Company Public Joint Stock
16%
Company Performance
Financial values in the chart are available after Golgohar Mining & Industrial Company Public Joint Stock report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency IRR. Absolute financial data is included in the purchased report.
Net sales revenue
61.83%▲
Total operating revenue
61.84%▲
Operating profit (EBIT)
18.33%▲
Net Profit (Loss) for the Period
42.11%▲
Operating Profit Margin (ROS)
-5.98%▼
Net Profit Margin
-2.72%▼
Return on Equity (ROE)
0.7%▲
Debt to Equity Ratio
-8.06%▼