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I n t h e N a m e o f G o d

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Contents:

Introduction ............................................................................................................. 3

Iran at a Glance .................................................................................................... 5

General Information............................................................................................................... 7

IRAN’S Competitive Position............................................................................................. 10

Rules & Regulation........................................................................................ 17

Legal Regimes Governing Foreign Investment in Iran........................................... 18

The Iranian Tax System....................................................................................................... 51

Investment Licensing Procedure.................................................................................... 61

Iran Mine & Mining Industries Sectors............................ 65

Target & Performance......................................................................................................... 66

IMIDRO at a Glance............................................................................................................... 73

Summary Sheets.............................................................................................. 93

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INTRODUTION

Integration with the world economy has now become a well-established policy of the Iranian government. In this respect the new Foreign Investment Promotion & Protection Act (FIPPA) in 2002, among other things, has opened new pathes toward closer and enhanced cooperation with other countries.

Iran has vast energy and mineral reserves, a young and well-educated population, an appetite for a more liberalized and privatized economy, and a strategic geographic location. After Turkey, Iran has the largest economy in PPP terms in the Middle East and Central Asia region with a sizeable and diversified non-oil sector.

The lifting of sanctions will lead to an opening of the market and international companies will be able to position themselves in the Iranian market. Despite sanctions as well as political and economic hiccups, Iran remains a significant market – not just because of its vast hydrocarbon resource base, but also because of its desire to be the region’s top technological and economic power house.

Iran can be considered one of the developing countries on the verge of becoming an “emerging economy”. In terms of industrial output, Iran is a significant developing economy.

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Iran at a Glance

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GENERAL INFORMATION

► Basic Data

► Climate

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Basic DataCountry Name: Islamic Republic of Iran

Capital : Tehran

Location : Middle East (32.00 N,53.00 E)

Time Zone: GMT + 3.5

Total Area: 1,648 thousand Sq Km

Mainland Area: 1,638 thousand Sq Km

Land boundaries 4,137 km

Sea boundaries 2,700 km (Including the Caspian Sea)

River boundaries 1,918 km

Border countries Afghanistan, Azerbaijan (Nakhichevan), Armenia, Iraq, Pakistan, Turkey, Turkmenistan

Population 77.6 million (2014)

Official Language: Farsi (Turkish, Kurdish and Arabic are also Spoken)

Type of Government : Islamic Republic

Administrative Divisions: 31 Provinces

Chief of State : Supreme Leader, Ayotollah Seyed Ali Hosseini Khamenei (since 1989)

National Holidays:

Islamic Republic Day: 1April; Revolution Day:11February; Noruz (New Year): 25-21 March(Note:additional holidays are celebrated widely in Iran)

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Climate

A four-season climatic endowment as a privilege to agricultural activities in the country and throughout all seasons;

Mid - Summer

Climate Factor North of Iran South of Iran

Temperature (c) Min: 5 Max: 50

Humidity (%) 70 10

Rainfall (mm) 165 0

Mid - Winter

Climate Factor North of Iran South of Iran

Temperature (c) Min: -28 Max: 31

Humidity (%) 90 20

Rainfall (mm) 1200 125

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IRAN’S COMPETITIVE POSITION

► Strategic Position

► Natural Resources

► Market Potentials

► Qualified & Competitive Labor Force

► Supportive Government Policies

► Economic Advantages

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Strategic PositionIslamic Republic of Iran with an area of 1,648,196 sq.km and a population of nearly 77.6 million has been located in South- West Asia. The country neighbors with Turkey and Iraq in west, Afghanistan and Pakistan in East, Armenia, Azerbaijan, Russia, Kazakhstan and Turkmenistan in North and Kuwait, Saudi Arabia, Qatar, Bahrain, United Arab Emirates and Oman in South through Persian Gulf and Oman Sea. Iran is so geographically positioned that developing countries which are consumers of the mining industries products are its neighbors to which there are suitable access to the regions’ markets in Iran.

Iran stands out prominently as the largest and most populous Islamic nation in the oil-rich region of the Western Asia. The country possesses major attributes of a regional power in the Western Asia by virtue of its geo-strategic location, geographical land mass and human resources. It has sizeable revenues from oil and gas exports. Despite the fact that Iran has only %1 of the world's population (77.6 million), the country owns %7 of the world's natural reserves including %11 of proven global oil reserves and %16 of the world's natural gas resources which translates into 133 billion barrels of oil (17 billion tons) and 27 trillion cubic meters of gas, totaling to 4000$ billion by current price of oil and gas.

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Mineral Reserve(million ton) Mineral Reserve

(million ton)

Oil 89.7 billion barrel Kaolin, Fire 70

Gas 26.3 trillion m3 Lead & Zinc 217

Asbestos 120 Magnetite 14

Barite 24 Manganese 9

Bauxite 271 Mica 1.1

Bentonite 40 Molybdenum 43

Boron 56 Nepheline 5,300

Chromite 3.5 Orpiment 0.03

Celestite 7 Phosphate Rock 98

Coal 630 Salt 429

Copper 1,721 Silica & Quartz 842

Feldspar 63 Silver 0.4

Fluorine 3.4 Talc 74

Gold Ore 74 Turquoise 500

Gypsum 1,637 Dimensional Stone 321

Iron Ore 2.679 Limestone 8,500

Natural Resources

Iran has the world’s largest combined hydrocarbon reserves (1st in terms of natural gas reserves and 4th in terms of oil reserves) with cheap extraction costs. It also has enormous mineral reserves, particularly in copper, iron ore, zinc and lead – a great deal of the mining sector has been privatized, and there is much need for technology and investment.Varied and plentiful reserves of natural resources ranging from oil and gas to metallic and non-metallic species reflecting the country’s accessibility to readily available raw materials.The existence of reach mining reserves beside energy may provide relative advantage of the mine and mining sector and considering the infrastructure for gas supply in the country’s southern coasts provides competitive advantages for this sector.

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Market Potentials

Vast domestic market with a population of 77.6 million growing steadily as well as quick access to neighboring markets with approximately 300 million inhabitants;With a population of 77.6 million, Iran ranks 17th in the world in terms of population and is the most populous country in the Middle East after Egypt. Approximately 2 million people turn 20 every year, entering production and consumption age; as an engine for growth, Iran’s young demography promises a significant and consistent economic boom (%64 of the population are below the age of 35). The population is also well educated with over 4 million university students (over half of whom are women) and a literacy rate of over %85. There is now a large middle class with increased income distribution equality and changing consumption patterns, with annual family net expenditure increasing rapidly.With respect to the economic growth of %5 per year and forecast for increasing growth rate during the sixth development plan as well as to nail to the objectives of development vision, the mining industries products in Iran has high potential. Moreover, Iran’s suitable relation with its neighbor countries such as Iraq, Afghanistan, Turkmenistan, and etc. as well as high potential of mining products consumption in these countries will make investment in Iran more attractive.

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Qualified and Competitive Labor Force

The existence of high, reliable universities with global ranking in Iran would lead to increase the quality of university graduate in Iran. The skilled workforce in different fields of engineering and management would be a suitable potential for the country’s growth and development.

► Iran has 80 public and 25 private universities as well as a lot of research institutes.► The number of students has increased from 170,000 students in 1979 to 4,350,000 million.► About 700,000 students graduate from universities annually. ► Iranian students studying in 2390 universities (governmental and nongovernmental).► Iran has 1,600,000 engineering students studying in Iranian universities.► Increasing labor productivity► The minimum daily wage is 270,722 Rials and the minimum monthly wage (months of 30 days) is 8,121,660 Rials.

Male Iran - 2015 Female

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Supportive Government Policies

The Law on foreign investment in Iran under the name of “Foreign Investment Promotion and Protection Act” (FIPPA) was ratified by the parliament in 2002.Some specific enhancements introduced by FIPPA for foreign investment in Iran can be outlined as follows:

► Broader fields for involvement by foreign investors including in major infrastructure,► Broader definition given to foreign investment, covering all types of investments from FDI to different types of project financing methods including :Civil Participation, Buy – Back arrangements, Counter trade and various BOT schemes;► Streamlined and fast track investment licensing application and approval process;► Creation of a one stop shop called the “Center for foreign investment Services” at the organization for investment for focused and efficient support for foreign investment undertaking in Iran,► More flexibility and facilitated regulatory practices for the access of foreign investors to foreign exchange for capital transfer purpose

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Economic Advantages

► The 18th largest economy in the world by purchasing power parity (ppp)► Consumption and the government plans billions of dollars worth of further investment to increase this share. ► The existence of experience in the exploitation of big mines and mining industries as well as downstream industries► Resource-rich economy► Labor-rich economy ► Young and educated population ► Large domestic market (Growing Consumer Class)► Location in the historic Silk Road and in the north- south trade corridors as well as neighborhood with many countries of considerable population► An increasingly sophisticated infrastructure and human capital base providing the foundation for an emerging knowledge – based economy.

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Rules & Regulation

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LEGAL REGIMES GOVERNING FOREIGN INVESTMENT IN IRAN

► The Backbone of the Investment Legislation

► Guarantees & Protections According to FIPPA

► Rights & facilities for the foreign investment

according to FIPPA

► Bilateral Agreements with other Countries

► Mine Act

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The Backbone of the Investment Legislation

The advantages brought by macroeconomic and political stability are buttressed by the Iran legal framework, which is designed to augment FDI .The legislation that regulates the foreign investments in Iran is in compliance with the international standards and all foreign investors are welcome in this country, without any discrimination, while it offers equal treatment for all investors.

The backbone of the investment legislation In Iran is made of:

► Foreign Investment Promotion and Protection Act (FIPPA) passed on 10 March 2002 and its Implementing Regulations of 15 October 2002.► The law pertaining to the Establishment of Free Trade-Industrial Zones in the Islamic Republic of Iran approved in 1993, the Regulations Governing Capital Investment in the Free Trade-Industrial Zones in the Islamic Republic of Iran approved in 1994, and subsequent amendments thereto. ► The Law on the Establishment and Administration of the Special Economic Zones in the Islamic Republic of Iran, coming into force in January 2006, has specified the manner in which foreigners can invest in the mainland Iran and the free zones and special economic zones.► Bilateral investment agreements with the respective government of the foreign investor.► Miscellaneous laws and decrees, have also stipulated how the foreign investors may invest in various economic sectors in the form of foreign direct investment (FDI) or in shape of financing, unincorporated partnership, buy-back, build-operate-transfer (BOT) and the like.

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Guarantees and Protections According to FIPPA

Foreign Capital is guaranteed against nationalization and expropriation, and in such cases the Foreign Investor shall be entitled to receive compensation (Article 9 of the FIPPA).

Should laws or government regulations lead to prohibition or cessation of approved financial agreements within the framework of this Act, then the government shall procure and pay the resulting damages (Article 17 of the FIPPA & Article 26 of the bylaws).

The purchase of goods and producer services of the foreign investment is guaranteed in cases where a state-run organ is the only buyer or supplier of

a product or producer service at a subsidized price (Article 11 of the bylaws).

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Rights and facilities for the foreign investment according to FIPPA► Creation of a one-stop institution called the “Center for Foreign Investment Services” at the Organization for Investment, Economic and Technical Assistance of Iran (OIETAI), for focused and efficient support of foreign investment undertakings in Iran; ► Acceptance of investments by any natural or legal non Iranian or Iranian person utilizing capital of foreign origin and granting the facilities envisaged in FIPPA to them (Article 1 of FIPPA).► Introduction of new legal options in respect of government-investors relations streamlined and fast-track investment licensing and approval process.► Having a choice to choose the investment method in the project as FDI or Foreign Investment in all sectors within the framework of “Civil Participation”, “Buy-Back” and “Build-Operate-Transfer” (BOT) schemes (Article 3 of FIPPA)► Foreign investments subject to this Act shall enjoy the same rights, protections and facilities available to domestic investments in a non- discriminatory manner (Article 8 of the FIPPA).

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► The Foreign Investment and its profits may be transferred in foreign currency or goods (Articles 18-13 of the FIPPA).► Acceptance of foreign investments in all the production, industrial, agricultural, transportation, communications, and services fields as well as in fields related to water, power, and gas supply and energy fields.► The possibility of the referral of investment-related disputes to international authorities (Article 19 of the FIPPA).► The possibility of land ownership in the name of the company (registered in Iran) in joint ventures (Article 24 of the bylaws).► Issuance of visas for three years in Iran for foreign investors, managers, experts and their immediate family members and the possibility of visa renewals (Article 20 of the FIPPA & Article 35 of the bylaws).► FIPPA provides full security against the risks which are generally referred to as "noncommercial risks". These risks are usually insured by the export credit and investment insurance agencies.► The FIPPA recognizes the transfer right as the most fundamental right of foreign investors. There is no limitation to the amount of the profit to be transferred as well as to capital and gains on capital to be repatriated.

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No. Country No. Country No. Country

1 Algeria 19 South Africa 37 Macedonia

2 Armenia 20 South Korea 38 Malaysia

3 Austria 21 Spain 39 Morocco

4 Afghanistan 22 Sri Lanka 40 North Korea

5 Azerbaijan 23 Sudan 41 Oman

6 Bahrain 24 Sweden 42 Pakistan

7 Bangladesh 25 Switzerland 43 Philippines

8 Belarus 26 Syria 44 Poland

9 Bosnia & Herzegovina 27 Tajikistan 45 Qatar

10 Bulgaria 28 Germany 46 Venezuela

11 China 29 Greece 47 Tunisia

12 Eritrea 30 Indonesia 48 Turkey

13 Ethiopia 31 Italy 49 Turkmenistan

14 Finland 32 Kazakhstan 50 Ukraine

15 France 33 Kyrgyzstan 51 Uzbekistan

16 Georgia 34 Kuwait 52 Yemen

17 Romania 35 Lybya 53 Zimbabwe

18Serbia &

Montenegro36 Lebanon 54 Cyprus

Bilateral Agreements with other CountriesIran has signed bilateral agreements with 54 countries for the protection of foreign investments. The main aim of bilateral investment agreements is to establish a favorable environment for economic cooperation between the contracting parties by defining standards of treatment for investors and their investments within the boundaries of the countries concerned. The aim of these agreements is to increase the flow of capital between the contracting parties, while ensuring a stable investment environment.

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Mining ActThe Mining Act, which includes thirty six articles, was passed in the public session held on Sunday- May 1998 ,17 in the Islamic Consultative Assembly of Iran. It was approved on June 1998, 13 along with its amendments by the Expediency Discernment Council. And it was imparted by presidential letter no. 25299 of July 1998, 20 to the Ministry of Mines and Metals.The Amendment to Mining Act, which includes fifty five articles, was passed on Sunday-November 2011, 13 by the Islamic Consultative Assembly of Iran. It was also approved on November 2011, 23 by the Guardian Council. It was imparted by presidential letter no. 178414 of December 2011, 10 to the Ministry of Industry, Mine and Trade.The amendment act to the Mining Act and its subsequent modifications, which include a single article, were passed in the public session held on Tuesday-November 2013 ,5 by the Islamic Consultative Assembly of Iran. It was also approved by the Guardian Council on November 2013, 11 . And it was imparted by presidential letter no. 140105 of December 2013 ,1 to the Ministry of Industry, Mine and Trade.Description:According to directive no. 13176/197/46 of September 2011, 15 by the Cabinet and due to the renamed titles of the Ministry of Mines and Metals and Ministry of Industries and Mines, in all articles that referred to the names of these two ministries, the names were replaced with “Ministry of Industry, Mine and Trade”. •Indicates items of the act that were modified, omitted or replaced in the amendment act of the mining act. •Indicates modifications that were applied to the act by the single article of the amendment act of the mining act and its subsequent modifications.Iranian mining engineering organization

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Chapter 1

Definitions & General ProvisionsArticle -1 The definitions of the terms used in this Act are as follows:

A) Mineral substance: Any natural substance or compound in form of solid, gas, liquid or solution in water formed due to geological processes.B) Mine: an area with mineral deposit. Mine: a mineral reserve which is economical to utilize.C) Mineral resource: Concentration or accumulation of one or more mineral substances occurring underground or in the surface or soluble form.D) Mining activity: An activity comprising exploration, equipping, extraction, ore dressing and processing.E) Mining industries: industries which use mineral substances as part of their raw materials.F) Ore Mineral: Substances of minerals existing in the deposits, bearing economic value.G) Mineral reserve (deposit): a mineral resource whose exploitation is economical.H) Reserve: Available mineral (ore) weight or volume in the mineral reserve (deposit).I) Exploration: Voluntary search and investigation with the purpose of finding mineral deposits. It includes such works as the following: ► Sampling and qualitative and quantitative tests ► Geological, geophysical, geochemical and remote sensing studies and such ► Surface and underground excavations. ► Borehole drilling and well logging. ► Determination of shape, quality and quantity of the mineral deposit and preparation of related maps.

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J) Extraction: The series of activities undertaken for the purpose of separation of ore from the deposit and transferring it to the mineral dump.K) Dump: Area outside extraction workshops, tunnels and pits wherein extracted minerals are tipped.L) Ore Dressing: All physical, chemical or physicochemical processes undertaken with the aim of purification of the extracted ore.M) Processing: Includes all the operations and modifications carried out on the mineral raw materials in order to produce industrial minerals.N) Gangue: Undesired materials separated from ore as a result of extraction of dressing.O) Industrial Soil: Soil with various industrial uses due to specific physical or chemical properties.P) Decorative Stone: Crystalline and non -crystalline sedimentary, igneous and metamorphic rocks, not containing ores separable under the present conditions and the processing of which, such as section and burnish, is common and economical, such as marble, marmoreal, travertine, granite and the likes thereof.Q) Crushed & Construction Stone: Various stones exiting in nature which do not contain ores separable under the present conditions, the processing of which is not common or economical, is not considered as decorative stone by the Ministry of Industry, Mine and Trade and generally used in building foundations, stone walls, road constructions, parapets and the likes thereof.R) Exploration License: Permit issued by the Ministry of Industry, Mine and Trade for undertaking mineral substance exploration works within a specific area.

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S) Discovery Certificate: A confirmation letter issued by the Ministry of Industry, Mine and Trade under the name of the holder of exploration license following completion of exploration work and discovery of ore.T) Holder of Discovery Certificate: a person in whose name discovery certificate is issued.V) Exploitation: The series of activities undertaken for the purpose of extracting and hence providing marketable mineral substances.U) Exploitation License: Permit issued by the Ministry of Industry, Mine and Trade of mine exploitation within specific boundaries.W) Holder of Exploitation License: Natural or juridical person, including governmental, cooperative and private, holding exploitation license from the Ministry of Industry, Mine and Trade.X) Short Term Exploitation Permit: Permit issued by the Ministry of Industry, Mine and Trade for the supply of construction materials, required for construction purposes, short-term exploitation of colluviums, limited and minimal deposits and laboratory processes.Y) Unclaimed Mines: Mines without holders of exploitation license, the assignment which is permissible by virtue of Act.Z) Royalty: Government revenue based on any form of exploitation per extracted ore unit.

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Article -2

According to Articles 44 and 45 of the Constitution, the responsibility to assume the right of eminent domain of the state over the mines of the country and protection of mineral reserves as well as issuance of permit for mining activities in this Act, supervision of the aforesaid affairs and provision of means for development of mining activities, facilitating the achievement of added value to mineral raw materials, development of export of ore minerals with added value creation of employment opportunities in this sector and enhancing the share of mining sector in the economic and social development of the country is vested in the Ministry of Industry, Mine and Trade.Exercising the aforesaid eminent domain doesn't prevent exercise of ownership of natural and juridical persons within the framework of the regulations.

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Article -3Mineral substances are categorized as follows:

A) The First Category of mineral substances consists of: Limestone, gypsum, ordinary sand and gravel, ordinary clay, marine shells, mineral pozzolan, aqua and rock salt, marl, crushed and construction stone, and the likes thereof.B) The Second Category of mineral substances consists of: ► Iron, gold, chromium, tin, mercury, zincs, copper, titanium, antimony, molybdenum, cobalt, tungsten, cadmium and other metals. ► Nitrates, phosphates, borates, alkali salts, sulfates, carbonates, chlorides (except for those named in the first category), and the likes thereof. ► Mica, graphite, talc, fire clays, feldspar, siliceous rock and sand, perlite, diatomite, zeolite, bauxite, red oxide, yellow earth, industrial soils, and the likes thereof. ► Precious and semi-precious stones, such as diamond, emerald, ruby, jade, turquoise, various types of agate, and the likes thereof. ► Various kinds of decorative and facade stones. ► Various kinds of coal and shale, bitumen and natural asphalt rock ► Mineral substances extractable from waters as well as mineral gases, except hydrocarbon gasses ► Mineral substances occurring in continental shelfC) The Third category of mineral substances consists of: ► all hydrocarbons except for coal including crude oil, natural gas, oil shale, oil coated sands, and the likes thereof.D) The Fourth Category of mineral substances consists of: ► all primary and secondary radioactive substances.

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Note 1: The category of such mineral substances related to the first and second categories that are not specified in the above categorization or which may be doubtful, as well as the category of substances consisting of different minerals that belong to different categories, shall be determined by the Ministry of Industry, Mine and Trade, on the basis of type, importance and the economic value of such mineral substances.

Note 2: The executive by-laws of this Act regarding mixing cases of substances of categories 1 to 3 with substances of category 4, method of exploitation and continuance of activity prepared by the Ministry of Industry, Mine and Trade in coordination with Atomic Energy Organization of Iran shall be approved by the Council of Ministers within three months from approval date of this Act.

Article -4

Executive policy-making and coordination regarding mineral substance categories shall be within the jurisdiction of Ministry of Industry, Mine and Trade with consideration of the Amendment Act of the Articles of the forthEconomic, Social and Cultural development plan Law of Islamic Republic of Iran and general policies the forty four (44) Principle of the Constitution and the framework of this Act except for cases related to the Ministry of Petroleum, the Ministry of Energy and the Atomic Energy Organization of Iran.

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Chapter -2 Exploration

Article -5

Exploration of mineral deposits may be undertaken by qualified natural and juridical persons. The Ministry of Industry, Mine and Trade is obliged to prepare required ground for natural and juridical persons to explore the mineral deposits throughout the country.

Note 1: The government is obliged to supply required credit in annual budget bill to prepare appropriate ground for exploration of the mineral deposits throughout the country.

Note 2: In the case of lacking any non-governmental applicant, the Ministry of Industry, Mine and Trade with consideration of relevant regulations and provisions may act to explore mining resources in less developed regions through developmental organizations.

Note 3: In order to aggregate and promote synergy of their basic geological and exploration activities, all Ministries, organizations and related agencies such as the Ministry of Petroleum are obliged to share their data constantly with the Ministry of Industry, Mine and Trade for the benefit of users.

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Article -6

Three Notes as Notes 3 ,2 and 4 are appended to this Article and its following Note is renamed to Note 1.Exploration of mineral deposits shall be undertaken after the exploration license is issued by the Ministry of Industry, Mine and Trade. The procedures of obtaining such license, exploration criteria, period of validity of the license, assignment of the appendant rights of such license, and any other appropriate issues shall be stipulated in the executive by-laws in accordance with the provisions of this Act.

Note 1: Exploration during exploitation shall not require issuance of exploration license. However, in case of exploration of a new mineral deposit or mineral substance, the discovery certificate of the holder of exploitation license shall be amended accordingly • with regard to the provisions of this Act, or a new certificate is issued.

Note 2: Applicants for exploration license are obliged to make a payment upon determination and delivery of unclaimed district based on tariff proposed annually by the Ministry of Industry, Mine and Trade and approved by the High Mine Council.

Note 3: Holders of exploration license, except for personal owner or owners in their own properties or endowed properties, are obliged to pay the government annually for each square kilometer of the discovery district since the issuance of Discovery Certificate, whose amount is proposed annually by the Ministry of Industry, Mine and Trade and approved bythe High Mine Council.

Note 4: Revenues due to the execution of Notes (2) and (3) of this Article are settled in to Treasury General and its equivalent is assigned in the annual budget of the Ministry of Industry, Mine and Trade for development of mines with priority for exploration.

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Article -7

The Ministry of Industry, Mine and Trade is obliged to issue the discovery certificate in the name of the exploration license holder following investigation and confirmation of exploration works. The type or types of mineral substances explored, the quality, quantity, limits, area and cost of exploration activities must be stated in the discovery certificate. This certificate shall be assignable to third parties within one year period as of the date of issue, subjected to the approval of the Ministry of Industry, Mine and Trade.

Note: In case no valuable mineral is found following explorationworks, no rights shall be created for the holder ofthe exploration license.

Article -8

Holders of discovery certificate may apply for the exploitation license of the reserves they explored, to the Ministry of Industry, Mine and Trade within one year following issuance of the discovery certificate. Non-submission of said application within the respite provided, shall result in the lapse of the said right of priority.

Note: In case of non-submission of the aforesaid application within the respite provided the exploration costs stated in the discovery certificate shall be paid by the holder of exploitation license of the mineral deposit explored, to the holder of the discovery certificate, in the manner which shall be stipulated in executive by-laws of this Act.

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Chapter -3 Exploitation

Article -9

Exploitation of mineral deposits shall require an exploitation license from the Ministry of Industry,Mine and Trade except for cases related to the Ministry of Energy, Ministry of Petroleum and the Atomic Energy Organization of Iran. The exploitation license is a an official and enforceable document that can be transacted, extended and mortgaged entailing usufruct of the mineral deposit by thelicense holder and also including the obligations thereof in execution of the contents of same. Maximum duration of an exploitation license is 25 years.

Note 1: Financial institution such as banks are obliged to accept mines having exploitation license as mortgage and warranty for awarding and repayment of financial facilities.

Note 2: Exploiter of mining reserves of second category except for discoverer exploiters and/or holders of discovery certificate are obliged to pay the discoverer with his option, up to half percent (%0.5) of extracted product in the pithead or its price with daily rate from the starting date of extraction up to the amount of reserve indicated in the discovery certificateto up to twenty five years as discovery right.

Note 3: Exploitation license conditions, state of its issuance, validity duration of each exploitation duration and provisions for the determination of the percent mentioned in the Note 2 are determined in the executive by-laws of this Act.

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Article -10

Exploiters of mineral deposits with the exclusion of discoverers are chosen only in usance stated in Article 7 among natural and juridical persons allowed for economic activity in Iran according to the laws of the country based on bidding which its conditions shall be articulated in the executive by-laws of this Act.

Note 1: According to the executive by-laws of this Act, producers of processed minerals, industrial units consuming minerals, natural and juridical expert persons holding mining occupational license, relevant mine explorers who have not succeeded to submit application for exploitation license and mining cooperative companies comprising of mine employeesprovided having technical and financial competence, are in order of priority in the time of assignment.

Note 2: After execution of this Article and legal formalities and in absence of any applicant, the Ministry of Industry, Mine and Trade, independently act for exploitation of mineral deposits with approval of High Mine Council.

Article -11

The Ministry of Industry, Mine and Trade shall be obligated to grant priority to the families of martyrs, war veterans, cooperative and joint stock companies and local qualified individuals in issuing mine exploration and exploitation license with due regard to the provisions of this Act.

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Article -12

For unity of direction and coordination in performing stated duties and authorities in this Act and preservation of the right of government holders of mining activity licenses and also provision of investment security in this sector, High Mine Council is comprised of the following members:

► Minister of Industry, Mine and Trade (Head)► One of high-rank judges upon the decision of the head of the judiciary► Head of Environmental Protection Organization► Mining deputy of Minister of Industry, Mine and Trade (secretary)► Head of Forests, Range and Watershed Management Organization► A lawyer familiar with codes in the field of mine and industry appointed by Minister of Industry, Mine and Trade► Head of Geological Survey► One of mining managers of the Ministry of Industry, Mine and Trade appointed by Minister of Industry, Mine and Trade► One of mining experts upon the decision of the Central Council of Iranian Mining Engineering Organization► One of experienced and proficient mining exploiter upon the decision of Iran Mine House► One of experienced and proficient mining exploiter upon the decision of Iran Chamber of Commerce, Industries and Mines

Note 1: The High Mine Council can invite natural and juridical persons as without-vote knowledgeable, shareholder or expert person to its meeting

Note 2: Selected members of the High Mine Council are appointed for duration of four hours and their further selection is allowed.

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Note 3: Duties and authorities of the High Mine Council are as follows:► Making decision regarding disagreement of holders of mining activity licenses should they agree to accept the decision of the High Mine Council.► Identification, modification and changing the quantity and quality of mineral deposit and increment or decrement of exploration and mining districts in proportion with amount of reserve and extraction► Discretion about cases out of the authority of holders of mining activity license► Making decision regarding computation of royalty for actual extraction less than the amount cited in the exploitation license► Other contents of this Act

Note 4: The decisions of the High Mine Council are definite and enforceable with a minimum of four votes but this is not bar objection in Administrative Justice Tribunal.

Note 5: The secretariat of the High Mine Council is established in the office of the Ministry of Industry, Mine and Trade.

Note 6: One member of the Islamic Consultative Assembly of Iran shall be present as an observer in the meetings of the High Mine Council that is proposed by the Commission of Industry and Mine and selected by the Islamic Consultative Assembly of Iran.

Note 7: Approvals of the High Mine Council are enforceable after confirmation of the Minister of Industry, Mine and Trade.

Article -13

The Ministry of Industry, Mine and Trade may issue at its own discretion, limited short term exploitation permits based on definitions of this Act.

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Article -14

A percentage of the pithead value of the mineral substance which is the subject of the exploitation license must be paid annually as royalty to the Ministry of Industry, Mine and Trade by the holder of the exploitation license at current prices as extracted or ore dressed or processed form in the approved budget framework upon the discretion of the said Ministry. The provisions for determination of time and amount of mentioned percentage shall be stated in the executive by-laws of this Act regarding prominent factors such as location and situation of mine, conditions and position of district, amount and type of ore dressing, situation of mineral deposit, method of extraction, commitments and preferential profit of exploiter. Incomes generated through implementation of this Article shall be deposited to the account of Treasury General.

Note 1: The basis of base value of mineral substances assigned through bidding subject of Article 10 of this Act for determination of royalty shall be stated in the executive by-laws of this Act.

Note 2: The mentioned percent for amount processed or ore dressed mineral substances are determined only for holders of mine exploitation license that perform processing or ore dressing. Otherwise, the price of extracted mineral in pithead is the basis of the determination mentioned percentage.

Note 3: Royalty for holders of short-term exploitation permits shall be the average loyalty of mines adjacent to the short-term exploitation mines Laboratory and applicability studies shall be exempted from payment of said duties up to amount of one ton.

Note 4: Government is obliged to account revenues due to execution of this Article in annual budget of which minimum sixty five percent (%65) to be spent by the Ministry of Industry, Mine and Trade in the framework of financial laws and regulation of the country and in line with optimal execution of tasks and duties for development of mines and mining industries of the country.

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Note 5: Holders of exploitation permits who endeavor for optimal exploitation and conservation of mineral deposits, enhancing productivity, research, development and exploration and preservation of environment in their mines shall be exempted up to twenty percent (%20) from payment of royalty upon confirmation of the High Mine Council.

Note 6: Government is obliged to add fifteen percent (%15) of received royalty to credits of that province in a manner that all of said credit to be assigned for building infrastructure and enhancing welfare and development of county with priority for parish of mine location.

Note 7: The amount of extraction mentioned in the license may be increased or decreased upon request of the holder of exploitation license and confirmation of the Ministry of Industry, Mine and Trade. In the cases that extraction to the amount mentioned in license is beyond the will and capability of the holder of exploitation license, this amount may be calculated equal to actual extraction upon confirmation of the High MineCouncil.

Article -15

Gangue materials produced as a result of mining activities if not used by the holder of exploitation license or holder of short-term exploitation permit during the validity of the license, shall belong to the Government and shall be utilized in the manner deemed appropriate by the Ministry of Industry, Mine and Trade.

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Article -16

In order to encourage investment in production of processed mineral substances, the Ministry of Industry, Mine and Trade shall be obligated to place these units under its supervisory protection and guidance, and protect private sector investments in such affairs and to undertake feasibility studies and prepare typical plans in this connection. The manner of implementation of the foregoing shall be stipulated in the executive by-laws.

Article -17

In order to enhance the processing and to encourage export of mineral substances of greater added value, as well as expansion of exploration and exploitation activities, the Government shall study proposals of the Ministry of Industry, Mine and Trade in connection with related production,commercial, financial and monetary policies and in case of approval, include same in development plans and also make the necessary projections in the annual general budget bills for the realization thereof.

Note: The Ministry of Industry, Mine and Trade shall be obliged to grant priority to the development of mineral processing and to their export in the executive plans thereof.

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Chapter 4 General Regulations

Article -18

The Ministry of Industry, Mine and Trade shall be obliged to gradually conform the status of the exploitation permits and licenses previously issued with the provisions of this Act, prior to expiration of their validity, and to issue new exploitation licenses, therefore subject to fulfillment of related obligations. The said actions must not in any case, vitiate the acquired rights of the said licenses.

Article -19

Anyone undertaking exploration, excavation, extraction or exploitation of mineral substances without obtaining exploration or exploitation license or short-term exploitation permit, shall be deemed usurper of public and state property and shall be penalized in accordance with related laws and regulations. In such cases, disciplinary officer shall be obliged, upon the request of the Ministry of Industry, Mine and Trade, to repress such activities forthwith and to report the accused to juridical authorities for trail.

Note 1: These activities are extensions of evident offence and Police is obliged to perform its lawful duties regarding thereof.

Note 2: Any seizure of natural or juridical persons without verdict from judicial references in a district of having mining activity license is accounted as forcible possession, in which police is obliged to remove seizure and trouble and present offender (s) to judicial references upon request of license holders or the Ministry of Industry, Mine and Trade.

Note 3: Any inconvenience caused by natural or juridical persons that inhibit mining activity is accounted as offence and offender plus compensation shall be sentenced to jail from one to six months or payment cash fine equal to double of inflicted that damage.

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Article -20

The Ministry of Industry, Mine and Trade shall give notice, providing appropriate respite to those holders of the exploration license, exploitation license and short term exploitation permit, who fail. In the event the said respite has expired and no action has been taken by the obligor, or the action taken deemed insufficient, the said obligor shall be compelled to payment of damage arising from non-fulfillment of related obligations and may be deemed incompetent for continuation of related operations. Such action shall not affect the validity of the exploitation license or the rights of third parties.

Note 1: Cases beyond will and capability of holders of said licenses are excluded from this Article.

Note 2: Cases involving damage of lacking competence and beyond will and capability of holder of exploration and exploitation license shall be articulated in the executive by–law of this Act.

Article -21

The former holder of exploitation license and holder of short-term exploitation permit shall be obligated to assign to the new holder of exploitation license such property and equipment associated with the mine, the removal of which shall, at the discretion of the Ministry of Industry, Mine and Trade, cause loss or damage to the mine, at the currentprice determined on the basis of valuation by the official experts of the Justice Administration. In case of non-assignment of the property and equipment related to the mine in accordance with the said conditions, the former holder of exploitation license or holder of short-term exploitation permit, shall bear the responsibility for compensation of the damage caused.

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Article -22

In cases where mining activities are required to be performed within cultivated land or properties with record of cultivation by individuals and there should be need for possession of same, following confirmation of theMinister of Industry, Mine and Trade, the executor of works shall be obligated to pay the rental or the price thereof to the owner of the property, without calculation of the value of the mineral deposits therein and in accordance with the current price valuation by the official experts of the Justice Administration. In case of refusal of the property owner from receiving these payments, to deposit same with the fund of the State Organization for Registration of Deeds and Properties, and thereforenecessary arrangements for execution of mining activities shall be provided by the Ministry of Industry, Mine and Trade in coordination with authorities in charge. Cultivation or the existence of record of cultivation of properties and the status of ownership of the owner or owners shall be established by appropriate authorities.

Note 1: In case execution or continuation of exploration or exploitation activities and extraction of mines situated outside the above-said properties needs excavations into canals or underground drifts, within customary depth of the said properties, the provisions of the above Article shall be applied, otherwise it shall be unrelated to the property. The customary depth criterion of this Note shall be established by an expert of the Justices Administration with due regard to the type of usage of the lands of the mining operation region.

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Note 2: The owner or owners of the aforesaid properties or the legal representative thereof, shall have right of priority for obtaining exploration license for deposits of construction stones and decorative and facade stones, located in the customary depth of their cultivated properties or properties with record of cultivation thereof, which shall be determined in the manner provided in the latter part of the above Note, subject to submission of application to the Ministry of Industry, Mine and Trade prior to issuance of exploration license for other applicants, in which the mineral substance explored up to the customary depth shall belong to the property owned by same, and in addition to exemption from payments of royalty, they shall be treated on the basis of the provisions of Article 10 andsub-paragraph 1 of paragraph A of the said Articles.

Note 3: In the event the property owner represses execution of mining activities subject of this Article, upon the request of the Ministry of Industry, Mine and Trade, disciplinary officers shall be obligated to forthwith abate the impedance and hindrance in accordance with regulations.

Article -23

Any action within and in the boundaries of areas permitted for mining activities by executive agencies, including Ministries, governmental companies and organizations, non-profit public institution, foundations of the revolution and subsidiary units thereof shall be subjects to obtainpermission from the Ministry of Industry, Mine and Trade.

Note: Should the execution necessity for governmental civil plans breach the rights of mining activity license holders, relevant executive agencies shall be obliged to pay the inflicted damages on invested assets on day price unless pay it to the state organization for Registration of Deeds and Properties if the license holder refuses to receive it, before execution of approved plan according to verdict of official expert or mining engineering organization expert.

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Article -24

To accelerate the exploration and exploitation of mineral deposits, when contacted, the related executive agencies and lawful proctor shall be obligated to announce their opinion within maximum of two months with respect to the inquiry of the Ministry of Industry, Mine and Trade inconnection with issuance of exploration license in following cases:

► Legal boundaries of roads and railways► Interior of cities and their legal boundaries► Legal boundaries of dams and water distribution networks and pools of dams and qanats► Interior of forests and ranges► Sanctum of holy shrines and historical buildings► Boundaries of garrisons and stations of armed forces► Regions declared as national parks, national natural monuments, wild life refuge and preserved regions► Fields with radioactivity higher than allowable limit Inquiry of related executive agencies by the Ministry of Industry, Mine and Trade shall be performed only one time for issuance of exploration license. Exploration license is issued by the Ministry of Industry, Mine and Trade for maximum three months after inquiry. Response must be given for total demanded area and no response shall be considered as approval of said agencies.

Note 1: Executive agencies shall be obliged to announce situation of legal boundaries to the Ministry of Industry, Mine and Trade within three months after official communication of this Act.

Note 2: The Atomic Energy Organization of Iran is obliged to announce exploration areas with radioactivity more than allowable limit to the Ministry of Industry, Mine and Trade within three months after official communication of this Act. Also, the Atomic Energy Organization of Iran shall announce new areas annually at first and the Ministry of Industry, Mine and Trade is obliged to inquire the Atomic Energy Organization of Iran in the said areas with observation of this Article.

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Note 3: The Ministry of Industry, Mine and Trade and Environmental Protection Organization are obliged to examine and decide about abandoned and precedent mines located in areas subjected on paragraph (G) of this Article and in the case of disagreement, if exploitation of these mine is expedient considering type of mineral substance and amount of reserve regarding national expediency, the Ministry of Industry, Mine and Trade shall act to restore and launch them with approval of Council of Ministers.

Note 4: The Ministry of Industry, Mine and Trade is tasked with integrate management, coordination and managing license taking, completion and issuance and through erecting single window with cooperation of other related agencies act in a manner that while observing simultaneity principle to response inquires, intended time ceiling for license issuance shall not exceed predicted time in the Act. In establishment of single window, other subordinate agencies are obliged to deliver due services through appointment of authorized agent in single windows or in cyberspace and do required assistance.

Note 5: If the provincial Industry, Mine and Trade Organization has objections to the inquiries by the relevant administrations, the issue is referred to the dispute board for Article 24 (recurrent) in order to be addressed within a maximum of fifteen days. Sessions held by this board are recognized with the presence of five members and the board judgment is binding and definite with absolute majority. This does not prevent objection to the Administrative Court.

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Article -24 (recurrent)

Members of the dispute board are as follows:► The governor or his/her relevant assistant as the head► The head of the provincial Industry, Mine and Trade as the secretary► An expert of mining delegated by the provincial Mining Engineering Organization► The head of the provincial Jihad-e Agriculture Organization► Representative of the objected relevant organization► One experienced benefiter expert at mining affairs delegated by the provincial House of Mining (if there is not provincial House of Mining, the representative is selected by the National House of Mining)► A lawyer familiar with mining issues that is selected and delegated by the head of the provincial Department of Justice

Article -25

Should the necessary mining activities for exploitation of a deposit be situated within national and natural resources area, action shall be taken in accordance with Note 4 of Article 3 of the state Forest and Pasture Protection and Exploitation Law enacted in 1967{ 1346{, and approved amendments thereof, however in substitution of the royalty and land rights provided in the aforesaid Note to compensate damages due to exploration or exploitation of mineral substances, expenditures due to exploration or exploitation of mineral substances on the basis of fifteen percent (%15) royalty due to exploration subject to Note 3 of Article 6 of this Act and also twelve percent (%12) of total royalty subject of Article 14 of this Act and its following Notes shall be collected by the Ministry of Industry, Mine and Trade and shall be deposited in account of Treasury General determined by The Ministry of Jihad-e-Agriculture in order to spent appropriately duringmining operation for reclamation and restoration of mining operation site.

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Article -26

Based on the request of Ministry of Information of this Act. industry, Mine and Trade, areas required for various mining activities comprising exploration, extraction, accumulation and exploitation of mineral substances or dumping the mine wastes shall be registered by Forests, Range and Watershed Management Organization. The area of which is stated in the license issued, shall be the operational territory of the related mine and shall be at the disposal of the Ministry of Industry, Mine and Trade in the form of public property to the end of the life-span of the mine, and any work beyond those stated in the license issued, shall be deemed usurpation of public property.

Article -27

For the purpose of appropriate utilization of the services offered by the experts in mining, geology and the related mining subjects, the Ministry of Industry, Mine and Trade shall be obligated to organize these groups in the framework of technical and engineering offices.The Government shall be obligated to draw up register of mining and geological experts and to present same to the Assembly within six months as of the approval date of this Act.

Article -28

With due regard to the geographical location of mines and the necessity of development of the mining sector, executive agencies shall be obligated to include mine location regions in the development plans and include these projects in their list of priorities and apply preferential rate tariffs to these projects.

Article -29

In order to maintain stability in economic considerations of projects related to mineral substance production, regulations resulting in imposition of unrelated and burdensome costs for production of the aforesaid substances shall be deemed unacceptable and void, as of the date of confirmation of this Act.

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Article -30

All financial claims of the Ministry of Industry, Mine and Trade from person, including natural or juridical, Iranian or foreign, after ascertainment ,subject of the provisions of Note 4 of Article 6 Article 14 and its Notes and Articles 20 and 25 of this Act shall be deemed as claims supported by execution prescribed instruments and on the basis of the provisions of Article 48 of the State National Audit Law enacted by the Islamic Consultative Assembly on 23.08.1987[ 01.06.1366[, shall be collectable and procedure of its execution shall be stated in the executive by-laws of this Act.

Article -31

To achieve sustainable development in the mining sector, the Government shall be obliged to establish Investment Insurance Fund at the Ministry of Industry, Mine and Trade, for full or partial provisions of contingent damages arising from non-discovery of valuable minerals and existinginvestments, in accordance with a charter which shall be approved by the Cabinet, and in case of exigency, make proposals in annual budget laws for the allocation of necessary budget for the share of the Government, according to their production policy.

Note: To assist activities of Mining Investment InsuranceCorporation, the Government shall be obliged to assign withproposal of the Ministry of Industry, Mine and Trade, maximumfive percent (%5) of total collected royalty subject of Article 14of this Act and its Note thereof to the said Corporation.

Article -32

This article is omitted.

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Article -33

All of the staff of the Ministry of Industry Mine and Trade along with its relevant firms and organizations in operation or one year after operation are not obliged to whether directly or indirectly benefit from the transactions and privileges referred to this act. In case of any violations, the violator is deprived of public services and the right to sign any mining act from five years to ten years. The violator is also deprived from winning the license of any mining operation.

Article -34

The Ministry of Industry, Mine and Trade is obliged to review and control the by-laws of this act in order to prevent destruction and spoilage of mining reserves, ensure fulfillment of obligations of explorers and benefiters, and respect safety measures to protect mine workers.

Note: The Ministry of Industry, Mine and Trade may get assistance from members of Iranian Mining Engineering Organization to do specialized jobs, supervision and inspection and assign some of non-governmental authorities in this field to that organization.

Article -35

Regulations included in this act including articles (,(10) ,(9) ,(8) ,(7) ,(6) ,(5 30) ,(20) ,(14) ,(13)), and (34) are prepared by the Ministry of Industry, Mine and Trade and cooperation of other relevant administrations withinthree months. The regulations are thereafter approved by the Cabinet.

Article -36

As of the date of enactment of this Act, Mining Acts enacted in ,}1938{ 1317 1957{ 1336{, remediation of Article 16 enacted in 1965{ 1344{ and 1362 1983{{, remediation of Mine Act enacted in 1985{ 1364{ and Article 9 of theAct for removing some burdens of production and industrial investment enacted on 29.7.2007{ 7.5.1386{ shall be nullified.

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THE IRANIAN TAX SYSTEM

► Taxation from Foreign Investors in IRAN

► Tax Bases & Rates

► Tax Exemptions

► Deductible Expenses

► Losses, withholding Taxes, Depreciation

► Value Added Tax

► Agreements for the Avoidance of Double Taxation

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Tax Bases and RatesThe Iranian tax system is divided into two general categories of direct and indirect taxes. Currently the share of direct taxes from the total tax revenues is almost 68%. There are two major types of direct taxes including income taxes and property taxes. Each category of direct taxes, in turn, is divided into sub-parts. Indirect taxes include taxes on imports and Value Added Tax (VAT). Taxes on imports are currently collected by the Iranian Customs and are not within the jurisdiction of the Iranian National Tax Administration (INTA).

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Direct Taxes

All non-Iranian real or legal entities for the income earned in Iran and also for the income gained through granting of license or other rights, technical and educational assistance or movie contracts in the territory of Iran are subject to taxation. Depending on the type of activity of the foreign investor, various taxes and exemptions are applicable, including profit tax, income tax, property tax, etc.

Foreign investors in Iran enjoy the same supports and privileges that are offered to the Iranian investors. This means both Iranian and foreign investors pay the same amount of taxes. Tax exemptions and discounts are also equally granted to domestic and foreign investors. Since foreign investments are usually active as legal entities, we will hereunder focus on rules and regulations for Corporate Income Tax.

Corporate Income Tax

Foreign legal entities residing abroad shall be taxed at the flat rate of %25 in respect of the aggregate taxable income derived from the operation of their investment in Iran or from the activities performed by them, directly or through the agencies in Iran.The legal entities shall not be subject to any other taxes on the dividends or partnership profits they may receive from the capital recipient companies.

Legal entities are obligated to, even within the exemption period, submit declaration and profit and loss balance sheets, provided from their official statutory books, maximum four months after the tax year (March 21 each year until March 20 of the next year) along with the list of partners and shareholders, their shares and addresses to the tax department within the area of the activity of the legal entity. If these legal entities do not submit the documents within the stipulated time span, the tax exemption will be null and void.

Taxation from Foreign Investors in IRAN

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Exemption Rate of Duration

The income made by non- governmental manufacturing and mining units whose operation licenses have been issued after April 1992 ,27 and are located outside a radius of 120 km either from the city of Tehran, or 50 km from the city of Isfahan or 30 km from the cities having a population of 300,000 and more

100% 5 years

The production units located deprived areas 100% 10 years

The income made through exports of industrial finished products 100% perpetual

The income made through exports of row material 20% perpetual

The income made through exports of all products already listed as those which are legal to be imported

100% perpetual

The income made through educational activities in universities, schools and vocational institutions 100% perpetual

The income generated through publishing, journalistic, cultural and art activities 100% perpetual

The income made by the cooperatives and guilds which produce handmade rugs and handicrafts 100% perpetual

All business activities in the Iranian trade zones are exempt from income and property tax 100% 20 years

The travelling and tourism institutions licensed by Ministry of Culture and Islamic Guidance 50% perpetual

The interest offered by banks and other credit institutions to fixed deposits, savings or current accounts

100% perpetual

The interest paid for government and treasury bonds 100% perpetual

The interest offered by foreign banks which receive loans have fixed deposits in Iranian banks 100% perpetual

The interest offered on land reform bonds 100% perpetual

The money paid by the National Development Fund 100% perpetual

The money paid by public funds for religious, educational and scientific activities 100% perpetual

The donations in cash or in kind as well as the membership fees received by associations, parties and private organizations

100% perpetual

The income generated by the agriculture and horticulture sector 100% perpetual

The income earned through swapping goods through Iran 100% perpetual

Tax ExemptionsThe Direct Taxation Law and other pertinent legislations have considered certain exemptions for the legal entities, The highlights of tax exemptions are as follows:

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Exemption Rate of

The salaries of the foreign diplomats and embassy staff, which are subject to reciprocal treatment, and of non-Iranian members of UN delegations and specialized international agencies

100%

The salaries of foreign experts sent to Iran on aid programs 100%

The salaries of local employees of Iranian embassies and consulates which are subject to reciprocal treatment

100%

The salaries of those working in villages and deprived regions 20%

The money paid as pensions, retirement allowances and termination of employment payments 100%

The service-related travel expenditure and allowances 100%

The housing, on-site accommodation, food and transport allowances and other non-cash benefits provided for manual labor

100%

The money paid by insurance companies in compensation for medical costs and financial damages caused by accidents

100%

The bonuses or gifts paid for New Year ’s eve if they are not more than one-twelfth of the annual base minimum salary

100%

The housing provided for civil servants 50%

The medical expenditures of employees payable by employers 100%

The salaries of the employees of the Armed Force and Intelligence Ministry as well as the salaries of war veterans and former prisoners-of-war (POWs)

100%

The bonuses or gifts paid in kind to employees, which do not exceed two-twelfth of the annual base minimum salary

100%

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Deductible Expenses Expenses which are deductible in the assessment of taxable income are listed in the Direct Taxes Act. These expenditures must be supported to a reasonable degree by documentary evidence and are exclusively connected with the earning of income during the year in question. The categories of deductible expenditure are as follows:

The cost of goods and raw materials Expenses incurred in the maintenance and upkeep of the premises owned by the enterprise

Personnel costs Transportation expenses

Rental of enterprise's premises in case of being rented

Expenses related to transportation and entertainment for employees, and warehousing costs

Rent of machinery and equipment Fees paid in proportion to the services rendered

Costs of fuel, electricity, lighting, water and communication

Interest and fees paid for the carrying out of the enterprise operation

Business insurance Cost of repair and maintenance of machineries and business equipment

Royalties, duties, rights and taxes paid Abortive exploration expenditures for deemed mines

Research, development and training expenditure

Membership and subscription fees connected with the business operations

Compensation paid for damages resulted from the business operations Bad debts, if proved

Cultural, sports and welfare expenditures paid to the Ministry of Labour and Social Affairs in respect of workers

Currency exchange losses computed in accordance with accepted accountancy practice

Reserves against doubtful claims Normal wastage of production

Losses of legal persons The reserve related to acceptable expenses of the assessment period

Minor expenses incurred in connection with the rented premises of the enterprise

Expenses for purchasing of books and other cultural and art goods for employees and their dependents

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Losses

Losses sustained by all taxpayers engaged in trading and other activities are accepted by the tax authorities; will be carried forward and written off against future profits for a period of three years. Withholding taxes

Five percent of every contract payment may be withheld by the payer and accounted to tax authorities. Such a withheld tax constitutes an advance payment of the final tax due.The payers of salaries are obliged, when paying or allocating the same, to compute and withhold there from the applicable taxes and to remit, within thirty days, the deducted amounts together with a list containing the names and addresses of recipients and the amount of the payments, to the local tax assessment office.

DepreciationDepreciation of assets is deductible in the assessment of taxable income. Depreciation rates range from %5 to %100 and the period over which assetsmaybe depreciated ranges from 2 to 15 years.

Losses, withholding Taxes, Depreciation

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Value Added Tax (VAT) in IRANThe VAT in Iran is levied on the sale of all goods and services and their imports, except 17 items listed in Article 12 of the VAT Act (VATA) as the exempted ones. The VAT, however, does not include the export of goods and services through official Customs gates. Therefore, the taxes paid for the export of goods and services will be refundable by submitting the Customs clearance sheets and valid documents. Currently, the VAT rate stands at 6 % (VAT rate for two special goods of cigarettes and jet fuel is relatively higher). To reduce the country’s dependency on oil revenue, the Law on the 5th Five-Year Development Plan provisioned an annual one-percent increase in the VAT rate to put it at %8 at the end of the Plan, i.e. 2016. Economic activities in free trade and industrial zones are exempted from the VAT.

Taxable Entities All entities involved in supply of goods and services and in trade activities are subject to the provisions of the VAT Law.Taxable TransactionsIn Iran, all transactions involved in the supply of goods and services or in the import and export activities are subject to the provisions of the VAT Law.

Taxable AmountTax is calculated based on prices of goods and services announced in invoices. However, if no invoice is available, no invoice is presented, or invoices prove to be fake – that is the prices are not real, tax auditors can calculated the tax based on prevailing prices of goods and services at the time of transaction. The following are excluded from the basis for calculating the tax:► Given discounts► VAT already paid by a supplier of the goods or services► Other indirect taxes payable in respect of the commodity or service at the supply timeThe tax levied on imported goods is calculated based on the customs value of goods, which include the purchase price, freight charges and insurance, as well as the import duties, which include customs duties and commercial profits tax.

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VAT ExemptionsThe supply and imports of the following goods are exempt from VAT:► Unprocessed agricultural products► Live poultry and livestock, aquatic products, honey bees and silkworms► Poultry feedstock as well as all types of fertilizers, pesticides, seeds and saplings► Flour, bread, meat, sugar, rice, cereals and soya, milk, cheese, vegetable oil, and baby food► Books, note books and all types of printing papers and writing pads► Gifts and donations given to ministries, state organizations, public entities on the condition that they are verified by the Council of Ministers and recipients► Goods imported by travelers in briefcases► Medicines, medical products, medical services (human, veterinary and plants), as well as rehabilitation and chiropractic services► Employment services taxed under the DTA► Services offered by banks, credit institutions and cooperatives as well as interest- free loans provided by cooperative funds► Public transportation services, including road, railway, air and sea transportation services► Hand - woven rugs► Research and educational services which are subject to a joint approval by the Ministry of Science and Technology; Ministry of Economic Affairs and Finance; Ministry of Health; Ministry of Education; and the Ministry of Cooperatives, Labour, Social Welfare;► Foodstuff for birds and pets► Radars and aeronautical navigation equipment for airports, as listed by the Ministry of Roads and Urban Development and the Ministry of Economic Affairs and Finance► Equipment exclusively used for defense and security purposes, as listed by the Ministry of Defense and the Ministry of Economic Affairs and Finance.► Business activities in the free trade zones and industrial zones

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Agreements for the Avoidance of Double Taxation

To facilitate cooperation between Iranian and foreign residents and to promote trade and economic exchanges with foreign countries, the Government of the Islamic Republic of Iran has applicable mutual Agreements for the Avoidance of Double Taxation. The List of Iran's Applicable Agreements for the Avoidance of Double Taxation are as follows:

Country Country

Azerbaijan Republic Belorussia

Algiers Russia

Turkmenistan Georgia

France Armenia

Indonesia Bulgaria

Turkey Sri Lanka

Kazakhstan Lebanon

Austria Uzbekistan

Bahrain Venezuela

China Switzerland

Qatar Poland

Jordan Spain

Pakistan Kuwait

Syria Malaysia

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INVESTMENT L I C E N S I N G PROCEDURE

► Foreign Investment Service Center

► Investment Licensing Procedure

► Documents Required by the OIETAI for the Issuance

of Foreign Investment Licensing Procedure

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The Center for Foreign Investment Services (the Center)was established at the premises of the Organization for Investment, Economic and Technical Assistance of Iran, pursuant to Article 7 of “ the Foreign Investment Promotion and Protection Act” of 2002. The Center is intended to provide an efficient organization for streamlining and expediting the affairs related to foreign investment undertakings in Iran. For this purpose, fully authorized liaison representatives from relevant executive agencies including the Ministry of Foreign Affairs, the Ministry of Commerce, the Ministry of Labor and Social Affairs, the State Organization for Tax Affairs, the Customs of the Islamic Republic of Iran, the Central Bank, the General Directorate for Registration of Companies and Intellectual Property, and the Organization for Protection of the Environment have been stationed at the Center. These representatives will assist foreign investors by ensuring efficient execution of the processing and services entrusted to their relevant agencies in connection with foreign investment projects.

Key services offered by the Center include:Dissemination of information and provision of necessary guidance to foreign investors concerning investment in Iran.

Necessary coordination concerning the issues related to foreign investment including issuance of the declaration of establishment , the environment protection license, the permits for subscriptions relation to water, electricity, fuel and telephone, the license foe exploration and exploitation of mines, etc. from the relevant authorities, prior to the issuance of the investment license.Necessary coordination for the securing of entry visa, residence and employment permits for foreign nationals involved in foreign investment projects.

Foreign Investment Service Center

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Necessary coordination concerning issues related to foreign investments subsequent to the issuance of the investment license including registration of joint venture company, registration of order for importation of machinery and equipment, and issues related to importation and repatriation of capital, customs and tax affairs, etc.

Coordination among various official agencies in connection with requests and applications made by projects involving foreign investment.

General supervision concerning the fulfillment of decisions surrounding foreign investment projects.

Conduct of affairs related to foreign investment by the Center has been organized in a manner that foreign investors can easily lay hand on all required information and services without any need for further referral to a host of different executive bodies. In fact, services rendered by the Center are not limited to prior-investment stages; foreign investors may, at any time and any stage ever after, refer to the Center and benefit from its services.

The performance of the Center since its establishment proves that the establishment of the Center is an effective step toward expediting the affairs of foreign investment undertakings. It is expected that further development of relations between the Center and foreign investors will increasingly enhance the efficiency of the Center in carrying out its assigned duties and responsibilities.

The Centers with the same tasks mentioned above established in the center of all provinces.

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Submission of

Application to

OIETAL

Report to FIB

Review

Application

by FIB *

Review

Application

by FIB

Communication

of Draft

License

Issuance of

Investment

License

Investment

License

Communicated

* Foreign Investment Board

5 Day 10 Day

Investment Licensing ProcedureRequest for Reconsideration

Documents Required by the OIETAI for the Issuance of Foreign Investment Licensing Procedure ► Application Form► Establishment License / Primary agreement / Preliminary agreement of the relevant Iranian organization► Official letter of the foreign investor to submit to the OIETAI ► The foreign investors background including a brief history of the company, the year of establishment, area of activities in case of foreign investor is a natural person, a photocopy of passport and resume shall be provided. ► A list of machinery, equipment and CKD part which may be imported into the country as a part of the foreign investor's capital (if available).► In case that part of the foreign investor’s share is in the form of technical know –how, a draft of the contract outlining the conditions of the transfer of technology.► Any further useful information.

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Iran Mine & Mining Industries Sectors

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Target & Performance

► Current Position of Resources & Mining

Industries of Iran

► The Sixth Development Plan

► Iron & Steel Sector

► Iron Ore Concentrate

► Annual crude steel

► Copper & Aluminum Sector

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Current Position of Resources & Mining Industries of Iran

Iran is rich not only in oil and gas, but in mineral deposits’, as well. Iran has the world’s largest zinc reserves and second-largest reserves of copper. It also has significant reserves of iron, Uranium, lead, chromate ,manganese, coal and gold .In addition to the major coal mines found in Khorasan Razavi, Kerman, Semnan, Mazandaran and Gilan, a number of smaller mines are located north of Tehran and in Azarbayjan and Esfahan provinces.

Deposits of lead, zinc and other minerals are widely scattered throughout the country. The mines at Sarcheshmeh in Kerman province contain the world’s second largest lode of copper ore. The government owns 90% of all mines and related large industries in Iran and would like to attract foreign investment for the development of the mining sector. As per Article 44 of Constitution of Iran, the government has been actively promoting the privatization of all mines.

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The Sixth Development PlanMine & mining industries is one of the main topics included in Iran’s Sixth Development Plan. According to this plan, the annual average value added growth rate of the mine sector will be %8.8, industry %9.3 as well as average annual growth rate of investment on the industry and mine sector %18.8. Besides, foreign resources with a share of %22 is one of the most important financing resources to reach the objectives of the Sixth Development Plan.IMIDRO’s qualitative objectives in the mine and mining sector are clearly defined in the Sixth Development Plan and shows that this sector requires USD 15 billion investment. This objective can be realized through attracting foreign financial resources, especially Foreign Direct Investment (FDI).

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Iron and Steel Sector in IRAN (2015)

Concentrate Iron OreCurrent Production: 26 Million Ton

Target for2025: 66.2 Million Ton

Lump and Fine Iron Ore Current Production: 30 Million Ton

Pig Iron (BOF) Current Production: 2.3 Million Ton

Target for 2025 :5.9 Million Ton

Total Crude Steel Current Production: 16 Million Ton

Target for 2025 :55 Million Ton

DRI (Direct Reduced Iron)Current Production: 15 Million Ton

Target for2025: 54.6 Million Ton

Pellletizing PlantCurrent Production: 22 Million Ton

Target for 2025: 54.6 Million Ton

Crude SteelCurrent Production: 14 Million Ton

Target for 2025: 49.1 Million Ton

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Iron Ore Concentrate Forecast Report

Company (Annual Product MT)

2016 2017 2018 2019 2020 2021 2022 2023

GolGohar Mining and Industrial Co. 12 12 12 14 14 14 14 14

Chadormalu Mining and Industrial Company 10.5 10.5 10.5 10.5 10.5 10.5 10.5 10.5

Iran Central Iron ore co. 4 5 5 5 5 6 6 7

Middle East Mines Industries Development Holding Company (MIDHCO) - JalalAbabd Plant

4 4 4 4 4 4 4 4

Sangan iron ore Mine (The total production capacity of Mobarakeh, IMIDRO, Melli Bank, ..)

9 14 15 17.5 17.5 17.5 17.5 17.5

Gohar Zamin 4 4 6 6 6 6 6 6

Middle East Mines Industries Development Holding Company (MIDHCO) - Sirjan Plant

2 2 2 2 2 2 2 2

SABANOUR Mining and Industrial Development Company. 1 1 1 1 1 1 1 1

Total Production 46.5 52 55.5 60 60 61 61 62

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Aluminum Sector in IRAN (2015)

Copper Sector in IRAN (2015)

AluminaCurrent Production: 241 Thousand Ton

Target for2025: 3 Million Ton

Copper AnodeCurrent Production: 134 Thousand Ton

AluminumCurrent Production: 352 Thousand Ton

Target for2025: 1.5Million Ton

Copper ConcentrateCurrent Production: 627 Thousand Ton

Copper ExtractionCurrent Production: 92 Million Ton

Copper CathodeCurrent Production: 200 Thousand Ton

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IMIDRO at a glance

► Iranian Mines & Mining Industries Development &

Renovation Organization (IMIDRO)

● Introduction

● IMIDRO’s Strategies in Mines & Mining Industries

● Performance in 2014/15

● IMIDRO's Mine Group

● IMIDRO’s Steel Group

● IMIDRO’s Copper Group

● IMIDRO’s Aluminum Group

● IMIDRO's Exploration Projects

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IMID

RO

History

97 Project Constructed(Mining, Steel, Zinc, Copper, Aluminum, Gold, Infrastructure...)

Total Current investment of 10B$(Steel, Zinc, Copper, Aluminum, Gold, Magnesium...)

12 B$ Investment

58project under development

Future

IntroductionIn execution of Article 6 of the Centralization of Industrial & Mining Activities Act and for the purpose of evaluating and determiningthe overall strategies and policies, executing the projects relating to the construction and the renovation of metal related industries, extraction and processing of mineral products as well as executing exploration projects,the Iranian Mines and Mining Industries Development & Renovation Organization (IMIDRO) was established and officially registered on (2001.05.02).It was then decided that this organization is to be administered in accordance to the Establishment of Industrial Development & Renovation Organization of Iran (IDRO) Act of (68-1967-1346) and the articles of associations of this organization. Based on the cabinet decree and in accordance to clause A of article 4 of Iran’s 4th Economic, Social and Cultural Development Plan Act, IMIDRO was defined as a specialized parent company of Ministry of Industries & Mines, which runs 32 subsidiary companies. However, a number of such companies have been privatized and IMIDRO has been through some structural changes since that time. Consequently, today, this organization controls 27 companies in total, which are active in steel copper, mine and cement industries.

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Our main strategies are as follows:

► Developing mining and mining related industries within the less developed regions of Iran which have competitive advantages.► Boost investments in the creation of high risk mining and industrial mining units supported by the latest technologies.► Increasing overseas mining and mining industries in order to complete the current value chain.► Developing modern financing methods to fund expansion projects.► Further optimizing and creating synergy and boosting compatibility within Iran’s mines and mining industries sector.► Developing knowhow and applied research and technology required by the mines and mining industries sector.► Bossing investment in the private sector, specializing in mines or mining industries and its related infrastructures.► Developing human resources in mines and mining industries sector.► Engaging in strategic marketing in order to further boost product and service (technical and engineering services) exports.

Our Mission

Our main mission is to contribute in creating wealth for our country by supporting, developing, further strengthening Iran’s

Product's NameOur Vision (year 2025)

Steel 55 Million MT

Copper Cathode 400.000 MT

Aluminum 1.5 Million MT

Zinc 500.000 MT

Mineral Products 200 Million MT

Gold 10 Ton

IMIDRO’s Strategies in Mines and Mining Industries

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2-year Growth2015-16

Plan2014-15 2014-14

ProductionPerformance

Growth

Excavation (million Tons) 14.3 18.3 20.4 42%

Central Alborz Coal (thousand Tons)

92 110 117 27%

Sangan Concentrate (thousand Tons)

829 1,500 2,000 141%

Lime Stone (Tons) 1,450 1,505 1,500 3%

Sabzevar Ferro Chrome (thousand Tons)

2 2.2 6 200%

Loading & Unloading of Jetty (thousand Tons)

3,800 6,000 6,000 57%

Almahdi Aluminum Ingot (thousand Tons) 171 172,5 1820 5%

Mahdi Abad Barite (thousand Tons) 0 329 400 21%

Sorted Iron ore (thousand Tons) 0 4,499 4,871 8%

Jajarm Alumina (thousand Tons) 0 251 256 2%

Mouteh Gold (Kilogram) 200 244 230 15%

Production Performance of the Subsidiaries in 2014- 15

IMIDRO's Annual Report

ANNUAL REPORT 2014-1527

Product ion Performance of the Subsidiar ies in 2014-15

Sales Breakdown of Subsidiaries in 2014-15

Production Performance

Growth2013-142014-15 2015-16

Plan2-year Growth

42%20.418.314.3Excavation (million Tons)

27%11711092Central Alborz Coal (thousand Tons)

141%2,0001,500829Sangan Concentrate (thousand Tons)

3%1,5001,5051,450Lime Stone (Tons)

200%62.22Sabzevar Ferro Chrome (thousand Tons)

57%6,0006,0003,800Loading & Unloading of Jetty (thousand Tons)

5%1820172,5171Almahdi Aluminum Ingot (thousand Tons)

21%4003290Mahdi Abad Barit (thousand Tons)

8%4,8714,4990Sorted Iron ore (thousand Tons)

2%2562510Jajarm Alumina (thousand Tons)

15%230244200Mouteh Gold (Kilogram)

Steel Group

Mine Group

Cement Group 22%

48%

30%

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IMIDRO's Annual Report

Group

Performance 2013-14 Performance 2014-15Percent Changes in2013-14 to 2014-15

Quantity (thousand tons)

Value (billion IRR)

Quantity(thousand tons)

Value (billion IRR)

Quantity Value

Steel 14,800 251,009 15,254 254,920 3 2

Copper 128 53,866 146 52,959 14 (2)

Aluminum 381 24,198 332 24,342 (13) 1

Mine 30,590 65,186 32,400 66,705 6 2

Cement 0 326 0 0 0 0

Other 0 7,303 0 3,562 0 0

Total 0 401,888 0 402,488 0 0.149

Group

Performance 2013-14 Performance 2014-15Percent Changes in2013-14 to 2014-15

Quantity (thousand tons)

Value (billion IRR)

Quantity(thousand tons)

Value (billion IRR)

Quantity Value

Steel 1,402 784 2,757 1,351 0 0

Copper 22 268 48 422 112 58

Aluminum 199 385 143 295 (28) (23)

Mine 62 5 843 39 1,260 686

Cement 0 0 0 0 0 0

Total 1,685 1,442 3,790 2,107 125 46

Comparative Sales Performance of Subsidiaries in 2014-15

Comparative Export Performance of Subsidiaries in 2014-15

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IMIDRO's Mine GroupIran’s iron ore reserves are estimated to be 2.5 billion tons which is %8 of total global reserves. Furthermore, this country possesses 11 million tons of zinc reserves which accounts for %4 of world’s total reserves. In addition, Iran is estimated to have 300 tons of gold reserves which are approximately %1 of global reserves.Iran produced 34.8 million tons of iron ore and 810.3 thousand tons of coal concentrate. The main objective of this group is to explore, equip, and exploit Iran’s major mines. This group is the domestic producer and supplier of coke and iron ore to the steel plants. In addition, the Mine Group produces other mineral required for making steel including, limestone, dolomite, sandstone and quartzite. Iran’s iron ore reserves are estimated to be 2.5 billion tons which is %8 of total global reserves. Furthermore, this country possesses 11 million tons of zinc reserves which accounts for %4 of world’s total reserves. In addition, Iran is estimated to have 300 tons of gold reserves which are approximately %1 of global reserves.Iran produced 34.8 million tons of iron ore and 810.3 thousand tons of coal concentrate. The main objective of this group is to explore, equip, and exploit Iran’s major mines. This group is the domestic producer and supplier of coke and iron ore to the steel plants. In addition, the Mine Group produces other mineral required for making steel including, limestone, dolomite, sandstone and quartzite.

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This group is composed of the following companies:

► Iranian Mineral Production & Supplying Co. (IMPASCO). This company has the Sabzevar Chromite, Angouran Lead and Zinc, Mouteh Gold, Esfordi Phosphate as well as Pirbekran Iron Ore mines.► Central Alborz Coal Co.► Eastern Alborz Coal Co. In addition to the mentioned companies, there are a number of ongoing expansion projects in this group, some of which include:► Sangan Pelletizing Project with a 5 million ton/annum capacity.► Phase II of Zarshouran Gold Mine.► Phase II of Sangan Concentrate Project with a 2.4 million ton/annum capacity.► Savadkouh Coke Making Plant with a 300 thousand ton/annum capacity for producing metallurgy coke.► Khomroud Coke Plant with a 400 thousand ton/annum capacity for producing coke concentrate (producing 750 thousand tons/annum of crude coke).► Kahnooj Titanium Project.► Khowr Potash Project.► Tabas Parvadeh 4 Project: Processed Coal IV with an annual production capacity of 750 thousand tons of crude coal and 450 thousand tons of coal concentrate.

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IMIDRO’s Steel GroupThe products of this group include: flat, hot and cold roll, galvanized and crude steel products, all of which conform to international andnational standards.Having manufactured 14.85 million tons of crude steel during the reporting period, IMIDRO which represents Iran in the Global Steel Community became the 14th largest steel producer in the world duringthe same period.

The Steel Group is comprised of the following companies:

► National Iranian Steel Co. (NISCO)This company has defined seven steel projects with the objective of increasing Iran’s steel production capacity. Having required finance in the amount of US1.86$ billion, these projects are currently under construction. By 2016 all of these projects are expected to be launched with full capacity. The main projects of this group are comprised of seven provincial projects including the Sabzevar, Baft, Shadegan, Neyriz, Miyaneh, Ghaenat and Sepiddasht Steel Projects. Once launched in the next two years, these projects are expected to boost Iran’s annual crude steel production capacity by 6 million tons.► Azarbaijan Steel Co.► Ahwaz Pipe & Rolling Co.► Mobarakeh Steel Co. (MSCO)

The expansion projects of this group include:

Completing the production capacity, of Esfahan Steel Company (ESC), Mobarakeh Steel Company (MSCO) as well as Electro Graphite Project (electro graphite is a raw material required by the steel industry).

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Iran’s copper reserves, which account for %4 of the world’s total reserves, amount to approximately 2,600 million tons. According to the reviews made, Iran is situated on the global copper belt which stretches from northwest to southeast of this country.Copper cathode production during the reporting period reached 193.6 thousand tons.National Iranian Copper Industries Company (NICICO) is the leading company in this group. This company is engaged in exploration, extraction and exploitation of Iran’s copper mines. This company is also involved in the production, distribution and sales of beneficiated products of copper ore and copper metal both domestically and overseas. Furthermore, the scope of activities of NICICO includes entering into partnerships and attracting investments in projects relating to copper industries as well as carrying out all financial, commercial, industrial and mining operations andservices within Iran or abroad, which directly or indirectly relate to all or each of the above-mentioned scopes of activity.The expansion projects in this group include: Sarcheshmeh and Songun Expansion Projects, Chehel Koureh Copper Project, Khatoun Abad and Shahr-e- Babak (Meydouk) Copper Melt Expansion Projects.

IMIDRO’s Copper Group

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IMIDRO’s Aluminum GroupIran produced 354.4 thousand tons of aluminium and 251.3 thousand tons of alumina during the reporting fiscal period.This group is composed of Iran Aluminum Co. (IRALCO), Almahdi Aluminum Co. and Hormozgan Aluminum Project (Hormozal). IMIDRO’s projects which are on this group’s agenda include: alumina production projects from Nepheline Syenite Sarab, Almahdi Anode Production, Jajarm Aluminum Plant Construction, South Aluminum, Masjed Soleiman Aluminum, Guinea Bauxite, Iran Aluminum Anode Production, Persian Gulf Alumina Production Iran Aluminum Co. (IRALCO) The establishment of this company was first decided and ratified by the Government in (68-1967) 1346 and the building construction and installation of equipment began two years later. In 02-1971 with two production lines and an annual capacity of 45,000 tons, this plant was finally utilized. Following the Islamic Revolution another three production lines were added to the existing lines. The initial production capacity reached 120 thousand tons/annum. Products include: T-bars thousand pound ingots, casting alloys,such as: slabs, and billets etc. As a company which is concerned with the protection of the environment, IRALCO began the constructionذ of an Aluminum plant equipped with 200 KA technology in 2002. This plant was launched five years later. Almahdi Aluminum Co.This company was established with an initial capital of US5.1$ billion and with the objective of producing 110 thousand tons of aluminum/annum, which could then be increased to 330 thousand tons/annum. By the end of 120 ,2002 pots were launched boosting production capacity to 55 thousand tons/per annum. Later during the 2004 and 2005 periods, another 120 boilers were constructed and hence, this complex reached its forecasted nominal annual capacity of 110 thousand tons (PhaseI). By May 2006 construction work on Phase II also known as the Hormozgan (Hormozal) Aluminum Project was commenced. Initialد investments of this project amounted to IRR 8,000 billion (including 800 Euros and IRR 2,000 billion). The main objective of this project was to launch 228 pots with annual capacities of 148 thousand tons. It is noteworthy that this project was constructed as a joint-venture between Iranian specialists and a foreign contractor completed within 40 months in September 2009.

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IMIDRO’s Exploration Projects

Geographical Location and Access RoadsSebarz ore deposit is located north east of Esfahan and 30 Km north west of Anarak. The abandoned mine can be accessed by Anarak-Nakhlak road. The deposit is located in Darreh Anjir Mountain. The highest and lowest point of the deposit is 2188 and 1400 meter, respectively.

The Activities Undertaken- General exploration;- Geological mapping with a scale of 1:1000 for an areal extent of 1 Km2;- Lithological studies for 500 samples.- 200 m3 trenching

Reserve Data- Probable reserves from tunnel to veins outcrop is estimates at 38395 ton with an average grade of %1.24 copper and %12 nickel.- Geological reserve of the Sebarz abandoned mine is nearly 57592 ton.Infrastructures:Deposit distance from railway: 53 Km Deposit distance from the main road: 7 KmPower Lines: 7 Km Big mines near the deposit: Nakhlak lead & zinc mines located at a distance of 15 Km

Sebarz Copper Exploration Area

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Loaction & Access RoadsThe exploration area of Shekarab Khowr Agate with an aerial extent of 348 hectare locates in an aerial distance of 20 Km south east of Khorbiabanak in Esfahan province.

The area can be accessed by the following roads:1. Nayeen-Anarak-Khowr and or 2. Damghan-Moaleman-Jandagh-KhowrThe Exploration Activities Undertaken:- General exploration;- 1:5000 mapping with an areal extent of 4 Km2;- Industrial lathe study of 4 samples; - Industrial cutting of 16 samples- Borehole drilling & trenching using mechanical shovel about 80 m3

Reserve Data- The proven reserve of the semi-precious stone of 15420 Kg and the possible reserve is 30840 Kg;- The main gems in this area includes Agate, especially gray and white blue, Chalcedony and Jasper;Infrastructures:- The distance of the deposit to the railway: 100 Km;- The distance of the deposit to the main shaft;- The distance of the deposit to the main road: 9 Km;- Power supply: 9 Km;- Big mines near the deposit: Khowr & Biabank Potash mine at the vicinity of the area;

Exploration Area of Shekarab Khowr Agate

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Geographical Location & Access RoadsVa iron ore deposit locates in Yazd province and 78 Km of Bafgh City and 10 Km southeast of Gazestan village. This anomaly can be accessed via an asphalt road of Bafgh-Kushk-Kohbanan. The Gazestan village can be reached after 70 Km of the asphalt road, and three Km to the south we can reach to a dirt road and the mine deposit can be reached after 10 Km eastward. The area located on 1:250000 topographical mapping of Ravar, no. NH2/40-, K551 series as well as Esfordi 1:50000 topographical mapping, no. 7153. The location of the study area is shown in picture 1-1.

Exploration Activities UndertakenProspecting Phase: Geological mapping at 1:200000 & 1:10000 as well as a gravimetric mapping.General Exploration Phase:- Geological & topographical mapping at 1:1000 & 1:5000 scale in the southwest and northeast of the deposit.- Digging 27 trenching with a footage of 2400 m3- Borehole drilling (19) with a footage of 1862.4 m in the southwest of the area.- Borehole drilling (37) with a footage of 9063.7 m in the northwest of the areaDetailed Exploration:- Collecting exploration data- Borehole drilling (15) with a footage of 4218 m in the southwest of the area- Borehole drilling (20) with a footage of 6041 m in the northeast of the area

Reserve DataIron ore proven reserve with a grade of %32.8 is estimated at 61.5 Mt. indicated reserve with a grade of %27.9 is 19Mt and the probable reserve with grade of %24.9 is estimated at 12.5 Mt. Total Va anomaly reserve with a grade of %28.5 is estimated at 93 Mt.Infrastructures:- An asphalt access road with a length of 70 Km from Bafgh as well as a dirt access road from Gazestan village to the mine with a length of 10 Km.- Power line located 10 Km from the mine site

Exploration Area of va Sheitor-Gazestan Iron Ore Anomaly Deposit

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Location & Access RoadsThe area can be accessed via 85 Km Zahedan-Mirjaveh asphalt road. The areal extent of the this exploration area is nearly 140 hectare.

Exploration Activities:- Completion of 1:1000 geological mapping;- Geophysical IP & RS as well as magnometry studies for 4000 point;- Complementary lithogeochemical studies for 300 samples;- Trenching using mechanical shovel for a volume of 1500 m3;- Borehole drilling , 4500 m;- Geotechnical borehole drilling, 1200 m;

Reserve Characteristics:- Estimation of C zone at 200,000 ton with a n average grade of 0.6 gr per ton;- Specification of an ore bearing vein in addition to previous explored veins in zone C.- Estimation of Zones A & B at 8 Mt with an average grade of 0.5 gr per ton;- Total reserves delineated so far 4300 Kg gold content;Infrastructures:- The distance of the deposit to the railway: 41 Km;- The distance of the deposit to the main road: 10 Km;- Power lines: 10 Km

Siahjangal Gold Exploration Area

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Location & Access Roads:The study are with an extent of 257 Km2 is located between 80 Km north east of Ardestan and north of Deghsorkh desert, 90 Km far from Ardestan.

Exploration Activities:- Geological mapping, 1:250000 and 1:100000 by Tecnoexport company in 1981;

Exploration activity undertaken in Mileh Area:- Geological mapping at 1:5000 scale in an areal extent of 3 Km2 area;- Lithogeochemical alluvial sampling and heavy ore , 220 samples;- Trenching and tunnel cleaning, 240 m3.

The Reserve Characteristics- Lead scarn ore in the form of vein and thin bed as well as carbonated copper (malachite – Azurite);- Veins containing lead mineralization with a length of 5-4 meter and thickness of 1 to 10 Cm;- The ore contains 0.11 gr gold per ton and 6.61 gr silver per ton

Kouhedam Gold Exploration Area

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Location & Access RoadsGardenehshir exploration area with an approximate areal extent of 3 Km2 locates at 45 Km southwest of Ardestan and 80 Km northeast of Esfahan.

Exploration Activities:- General lead & zinc exploration;- Geological mapping, 1:5000 in an areal extent of 3 Km2;- Trenching and tunnel cleaning for 50 m3;

The Reserve Characteristics:- mineralization in zones with thicknesses of 2 to 10 meter and more than 50 meters;- Remarkable lead & zinc reserve of sulphide and oxidized type with a relatively high grade;Infrastructures:- Deposit distance to railway: 20 Km;- Deposit distance to the main road: 10 Km- Power lines: 7 Km;

Gardanehshir Lead & Zinc Exploration Area

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Location & Access RoadsMileh exploration area with an areal extent of 48 Km2 locates in Esfahan province and 25 Km northeast of Anarak and 12 Km south of Nakhlak lead & zinc mine at Mileh-Doumsefid - Chahgorbeh mountain ranges.

Exploration Activities:- General exploration;- 1:25000 geological mapping in an area of 47 Km2 area;- Lithogeochemical alluvial sampling and heavy ore , 310 samples;- Trenching and tunnel cleaning, 50 m3.

The Reserve Characteristics:- An area with an extent of 8.9 hectare containing lead mineralization in the form of galena, zinc ore formation in the form of esphlerite and smithsonite as well as minor copper ores in the form of azurite and malachite. The lead average grade reaches to %57.- An area with an extent of 6.4 hectare in which the major mineralization include cooper ores in the form of malachite, chalcopyrite with little chalcocite,. The maximum grade of copper in this area is %25, zinc %16, and lead %20.- An area of 82.6 hectare which is a mineralization zone with a length of 1.15 Km, and thickness of between 5 to 10 meter and with an east-west trend and dip of 70 degree to the north. The maximum lead grade in this area is %25, zinc %0.17 and copper %1.4.- An area of 84.9 hectare containing copper mineralization with a maximum grade of %1.6 in the form of azurite, malachite and little chalcocite, chalcopyrite and covellite. The width of copper mineralization is 2 meter and its length is 250 meter, at most.- An area of 50.4 hectare including copper mineralization in the form of malchite associated with silica veins and with maximum elements grade of copper %4, lead %12 and zinc %0.17.Infrastructures:- Deposit distance to railway: 70 Km;- Deposit distance to the main road: 3 Km- The nearest big mines: Nakhlak lead & zinc mine;

Mileh Iron & Copper Exploration Area

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Geographical Location & Access RoadsZaghia iron ore mine (Anomalies II-C & IV) is situated at in the Central Iran basin, Yazd province, in 110 Km east of Yazd and 15 Km east of Bafgh as well as 12 Km southeast of Choughart iron ore mine. The mine can be accessed via Bafgh-Behabad asphalt road and after passing 12 Km to the east. The second access road the mine is a dirt road from Bafgh-Behabad asphalt road after Choghart mine railway bridge. After passing 12 Km to the asphalt road of Bafgh-Shadkam.

Exploration Activities Undertaken:- Prospecting & preliminary exploration;- Geophysical magnometry and gravitometry;- Geological mapping at the scale of 1:10000 a& 1:5000- Drilling 12 trenches with a length of 667 m, drilling five boreholes in 1976;- Geological & topographical mapping at the scale of 1:1000 & 1:5000 as well as drilling 4 6 boreholes in 2005;- Drilling 14 boreholes with a footage of 2947.8 m in 2005 at the anomaly located at the east of Zaghia iron ore mine;

Reserve DataThe total reserve is estimated at 19 Mt with a grade of %33.23 in Anomaly II-C and 32 Mt with grade of %24.64 in Anomaly IV; Based on the chemical analysis, the boreholes drilled by the MadanKav consulting Co. will probably increase the reserve base by 7 Mt and the final report is under preparation.Infrastructures:- A 23 Km asphalt access road to the mine site;- Power line available at the mine site

Zaghia Exploration Anomaly Area

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Geographical Location & Access RoadsChahbashe Manganese deposit locates at Yazd province, 15 Km east of Esfahan and 62 Km south of Naieen city. The exploration area can be accessed via the asphalt road of Naeen - Aghda, after passing Aghda-Mazraeno village (20 Km) and a dirt road of 25 Km. Benvid Manganese deposit locates 15 Km northwest of Chahbashe region. This picture show the location of Chahbashe in the Iran’ roads Atlas map Exploration Activities Undertaken- Prospecting and preliminary exploration operation as well as general and detailed exploration.- Geological & topographical mapping of Chahbashe region.- Drilling exploration boreholes and trenching.- Boreholes and trench sampling.- Borehole drilling (82) with a length of 7618.8 m.Core drilling, channel sampling,

Reserve Data- Total reserve with an average grade of %18.25 iron and %2.42 manganese estimated at 9519761 ton iron.Infrastructures- A dirt access road with a length of 25 Km to the deposit.- Power line located at nearly 2 Km of the deposit.- Homa railway station along Yazd-Esfhan rail line located 10 Km south of exploration area

Exploration Area 1 Chahbasheh

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Geographical Location & Access RoadsXVI-B deposit locates in Central Iran, Yazd province and 70 Km northwest of Bafgh and 66 Km northwest of Choughart iron ore mine. The access road to the study area is via a dirt road of Bafgh-Hassanabad village- Saghand with a length of 70 Km. The nearest village to the anomaly area is Ariz village located at southeast of the area.

Exploration Activities UndertakenProspecting activities:- Magnometry mapping with scale of 1:10000 in area of 8.3 km2- Gravimetrical mapping with scale of 1:10000 in area of 12 km2- Two borehole drilling with a footage of 829 m- Reserve estimated at 20 million ton with Fe= %02/30

Activities carried out by Madankav Co. Drilling of ten boreholes with a footage of 4331 m.

Reserve Information- Drilling of two boreholes in the prospecting stage determined the reserve base of 20 Mt for this mine.- Based on the new exploration data, the reserve is estimated to be 15 Mt. the Final report is under preparation.Infrastructures:- A dirt access road to the area with a length of about 70 Km.

Exploration Area of XVI-B Iron Ore Anomaly Deposit

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Summary Sheets

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Project Introduction

1. Project Title : Graphite Electrode Project

2. Sector: mining industry Sub Sector: mining

3. Products/ Service : Graphite Electrode

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

Establishing 30000 Graphite Electrode factory

6. Annual Capacity: 30,000 tones

Project status

7. Local / Internal raw material access 50 %

8. Sale:

50,000 tones

9. Construction Period 4 Year

10. project Status :

- Feasibility study available? Yes √ No

- Required land provided? Yes √ No

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken? Yes √ No

- Partnership agreement concluded with local / foreign investor? Yes No √

- Financing agreement concluded? Yes No √

- Agreement with local / foreign contractor (s) concluded? Yes √ No

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured? Yes No √

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined? Yes No √

- Purchase agreement for machinery, equipments and know–how concluded? Yes No √

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Graphite Electrode Project

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuroMillion Rials Rate

Equivalentin million

Euro

Total Investment 5,272,566 38207 138 120 258

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. company Profile :

- Name (Legal / Natural Persons):

- Company’s Name: Iranian mines and mining industries development and renovation organization

- Address : N.-39 sepahbod gharani St. , Tehran.

- Tel: 00982188829181 Fax: 00982188823048

- E-mail: info@imidro.org web site: www.imidro.org

- Local Entrepreneur: private sector: public sector: √ other:

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Project Introduction

1. Project Title : Calcined Petroleum Cock production from oil refineries residue

2. Sector: mining industry Sub Sector: mining

3. Products/ Service : Calcined Petroleum Cock,Naphta,Gasoil,LPG

4. Location: Free Zone Economic Special Zone Industrial Estate Main land

5. Project Description:

Calcined Petroleum Cock production from oil refineries residue

6. Annual Capacity: 172000 Calsined Cock

Project status

7. Local / Internal raw material access 100 %

8. Sale:

1 million tones

9. Construction Period 4 Year

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes

Yes

Yes √

Yes

Yes

Yes

No

No

No

No √

No √

No

No √

No √

No √

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Calcined Petroleum Cock production from oil refineries residue

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total Investment - - - 918 918

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. company Profile :

- Name (Legal / Natural Persons):

- Company’s Name: Iranian mines and mining industries development and renovation organization

- Address : N.-39 sepahbod gharani St. , Tehran.

- Tel: 00982188829181 Fax: 00982188823048

- E-mail: info@imidro.org web site: www.imidro.org

- Local Entrepreneur: private sector: public sector: √ other:

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Project Introduction

1. Project Title : PARSIAN Special Economic Zone Jetty Project

2. Sector: mining industry Sub Sector: mining

3. Products/ Service : 4 Jetty

4. Location: Free Zone Economic Special Zone Industrial Estate Main land

5. Project Description:

4 Jetty

6. Annual Capacity: 4 Jetty

Project status

7. Local / Internal raw material access 100 %

8. Sale:

9. Construction Period 4 Year

10. project Status :

- Feasibility study available? Yes √ No

- Required land provided? Yes √ No

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken? Yes √ No

- Partnership agreement concluded with local / foreign investor? Yes No √

- Financing agreement concluded? Yes No √

- Agreement with local / foreign contractor (s) concluded? Yes √ No

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured? Yes No √

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined? Yes No √

- Purchase agreement for machinery, equipments and know–how concluded? Yes No √

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PARSIAN Special Economic Zone Jetty Project

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuroMillion Rials Rate

Equivalentin million

Euro

Total Investment 6,495,190 38207 170 85 255

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. company Profile :

- Name (Legal / Natural Persons):

- Company’s Name: Iranian mines and mining industries development and renovation organization

- Address : N.-39 sepahbod gharani St. , Tehran.

- Tel: 00982188829181 Fax: 00982188823048

- E-mail: info@imidro.org web site: www.imidro.org

- Local Entrepreneur: private sector: public sector: √ other: Yes No √

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Project Introduction

1. Project Title : Tabas Parvadeh 4

2. Sector: mining industry Sub Sector: mining

3. Products/ Service : coal

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

Establishing 450,000 tones coal

6. Annual Capacity: 450,000 tones

Project status

7. Local / Internal raw material access 100 %

8. Sale:

450,000 tones

9. Construction Period 3 Year

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes

Yes

Yes √

Yes

Yes

Yes

No

No

No

No √

No √

No

No √

No √

No √

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Tabas Parvadeh 4

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total Investment 2,024.971 38207 53 55 108

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. company Profile :

- Name (Legal / Natural Persons):

- Company’s Name: Iranian mines and mining industries development and renovation organization

- Address : N.39- sepahbod gharani St. , Tehran.

- Tel: 00982188829181 Fax: 00982188823048

- E-mail: info@imidro.org web site: www.imidro.org

- Local Entrepreneur: private sector: public sector: √ other:

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Project Introduction

1. Project Title : Persian Gulf Alumina

2. Sector: mining industry Sub Sector: mining- refining

3. Products/ Service : Alumina

4. Location: Free Zone Economic Special Zone √ Industrial Estate Main land

5. Project Description:

Annual production of 1.6 M tones of alumina

6. Annual Capacity:1.6 M tones

Project status

7. Local / Internal raw material access 100 %

8. Sale:

1.6 M tones per year

9. Construction Period 3 Year

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes

Yes

Yes √

Yes

Yes

Yes

No

No

No

No √

No √

No

No √

No √

No √

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Persian Gulf Alumina

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total Investment 8,672,989 38207 227 423 650

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. company Profile :

- Name (Legal / Natural Persons):

- Company’s Name: Iranian mines and mining industries development and renovation organization

- Address : N.-39 sepahbod gharani St. , Tehran.

- Tel: 00982188829181 Fax: 00982188823048

- E-mail: info@imidro.org web site: www.imidro.org

- Local Entrepreneur: private sector: public sector: √ other:

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Project Introduction

1. Project Title : Guinea Bauxite

2. Sector: mining industry Sub Sector: mining

3. Products/ Service : Bauxite

4. Location: Free Zone Economic Special Zone Industrial Estate Main land

5. Project Description:

Annual production and transportation of 4 million tones of (slurry) bauxite to the Guinean ports and sending

the dried bauxite to Iran by ship.

6. Annual Capacity: 4 million tones

Project status

7. Local / Internal raw material access 0 %

8. Sale:

4 million tones

9. Construction Period 4 Year

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes

Yes

Yes √

Yes

Yes

Yes

No

No

No

No √

No √

No

No √

No √

No √

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Guinea Bauxite

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total Investment - - - 600 600

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. company Profile :

- Name (Legal / Natural Persons):

- Company’s Name: Iranian mines and mining industries development and renovation organization

- Address : N.-39 sepahbod gharani St. , Tehran.

- Tel: 00982188829181 Fax: 00982188823048

- E-mail: info@imidro.org web site: www.imidro.org

- Local Entrepreneur: private sector: public sector: √ other:

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Project Introduction

1. Project Title : Alumina Production from Nepheline Syenite

2. Sector: mining industry Sub Sector: mining- refining

3. Products/ Service : Alumina

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

Annual production of 200000 tonnes of alumina from Nepheline Syenite.

6. Annual Capacity: 200000 tonnes

Project status

7. Local / Internal raw material access 100 %

8. Sale:

- Anticipated export market …..….%

9. Construction Period 3 Year

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes

Yes

Yes √

Yes

Yes

Yes

No

No

No

No √

No √

No

No √

No √

No √

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Alumina Production from Nepheline Syenite

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total Investment 11,347,479 38207 297 553 850

- Net Present Value (NPV):

- Internal Rate of Return (IRR)

- Pay Back Period

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. company Profile :

- Name (Legal / Natural Persons):

- Company’s Name: Iranian mines and mining industries development and renovation organization

- Address : N.-39 sepahbod gharani St. , Tehran.

- Tel: 00982188829181 Fax: 00982188823048

- E-mail: info@imidro.org web site: www.imidro.org

- Local Entrepreneur: private sector: public sector: √ other:

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Project Introduction

1. Project Title : Toorod playa exploration project

2. Sector: Mining Sub Sector: Mining

3. Products/ Service : KCl , Mgcl2 , NaCl , Mg (OH) 2 ( or MgO)

4. Location: Free Zone Economic Special Zone Industrial Estate Main land

5. Project Description:

The extraction of salt and carnallite from the ponds will be done via heavy machines named Harvesters. After

the delivery of the harvested raw carnallite, the crystalline crop went to potash plant .

6. Annual Capacity: 60000 ton KCl, 150000 ton NaCl and 30000 ton Mg (OH) 2 ( or MgO)

500000 ton MgCl2

Project status

7. Local raw material access 100%

8. Sale:

Anticipated export market …..….%

9. Construction Period: 3 years

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes

Yes

Yes

Yes

Yes

Yes

Yes

No

No

No √

No √

No √

No √

No √

No √

No √

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Toorod playa exploration project

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment 4,500,000 38207 117 - 117

General Information

12. Project Type: Establishment: Expansion and Completion: √

13. company Profile :

- Name (Legal / Natural Persons):

- Company’s Name: Iranian mines and mining industries development and renovation organization

- Address : N.-39 sepahbod gharani St. , Tehran.

- Tel: 00982188829181 Fax: 00982188823048

- E-mail: info@imidro.org web site: www.imidro.org

- Local Entrepreneur: private sector: public sector: √ other: Yes No √

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Project Introduction

1. Project Title : Chabahar Aluminum Project

2. Sector: mining industry Sub Sector: refining

3. Products/ Service : Aluminum

4. Location: Free Zone Economic Special Zone √ Industrial Estate Main land

5. Project Description:

Annual production of 350,000 tones per year

6. Annual Capacity: 350,000 tones

Project status

7. Local / Internal raw material access 100 %

8. Sale:

350,000 tones per year

9. Construction Period 3 Year

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes

Yes

Yes √

Yes

Yes

Yes

No

No

No

No √

No √

No

No √

No √

No √

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Chabahar Aluminum Project

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total Investment 17,040,322 38207 446 719 1,165

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. company Profile :

- Name (Legal / Natural Persons):

- Company’s Name: Iranian mines and mining industries development and renovation organization

- Address : N.-39 sepahbod gharani St. , Tehran.

- Tel: 00982188829181 Fax: 00982188823048

- E-mail: info@imidro.org web site: www.imidro.org

- Local Entrepreneur: private sector: public sector: √ other:

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Project Introduction

1. Project Title : Aluminum Billet Project

2. Sector: mining industry Sub Sector: refining

3. Products/ Service : Aluminum Billet

4. Location: Free Zone Economic Special Zone √ Industrial Estate Main land

5. Project Description:

Establishing 50000 Billet aluminum factory

6. Annual Capacity: 50,000 tones

Project status

7. Local / Internal raw material access 50 %

8. Sale:

50,000 tones

9. Construction Period 3 Year

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes

Yes

Yes √

Yes

Yes

Yes

No

No

No

No √

No √

No

No √

No √

No √

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Aluminum Billet Project

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total Investment 458,484 38207 12 28 40

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. company Profile :

- Name (Legal / Natural Persons):

- Company’s Name: Iranian mines and mining industries development and renovation organization

- Address : N.-39 sepahbod gharani St. , Tehran.

- Tel: 00982188829181 Fax: 00982188823048

- E-mail: info@imidro.org web site: www.imidro.org

- Local Entrepreneur: private sector: public sector: √ other:

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Project Introduction

1. Project Title : Aluminum Can Project

2. Sector: mining industry Sub Sector: mining

3. Products/ Service : Aluminum Can

4. Location: Free Zone Economic Special Zone √ Industrial Estate Main land

5. Project Description:

Establishing 50000 can aluminum factory

6. Annual Capacity: 50,000 tones

Project status

7. Local / Internal raw material access 50 %

8. Sale:

50,000 tones

9. Construction Period 3 Year

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes

Yes

Yes √

Yes

Yes

Yes

No

No

No

No √

No √

No

No √

No √

No √

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Aluminum Can Project

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total Investment 3,935,321 38207 103 242 345

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. company Profile :

- Name (Legal / Natural Persons):

- Company’s Name: Iranian mines and mining industries development and renovation organization

- Address : N.39- sepahbod gharani St. , Tehran.

- Tel: 00982188829181 Fax: 00982188823048

- E-mail: info@imidro.org web site: www.imidro.org

- Local Entrepreneur: private sector: public sector: √ other:

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Project Introduction

1. Project Title : Aluminum Foil Project

2. Sector: mining industry Sub Sector: mining

3. Products/ Service : Aluminum Foil

4. Location: Free Zone Economic Special Zone √ Industrial Estate Main land

5. Project Description:

Establishing 50000 foil aluminum factory

6. Annual Capacity: 50,000 tones

Project status

7. Local / Internal raw material access 50 %

8. Sale:

50,000 tones

9. Construction Period 3 Year

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes

Yes

Yes √

Yes

Yes

Yes

No

No

No

No √

No √

No

No √

No √

No √

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Aluminum Foil Project

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total Investment 3,018,353 38207 79 186 265

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. company Profile :

- Name (Legal / Natural Persons):

- Company’s Name: Iranian mines and mining industries development and renovation organization

- Address : N.39- sepahbod gharani St. , Tehran.

- Tel: 00982188829181 Fax: 00982188823048

- E-mail: info@imidro.org web site: www.imidro.org

- Local Entrepreneur: private sector: public sector: √ other:

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Project Introduction

1. Project Title : Kahnooj Titanium project

2. Sector: mining industry Sub Sector: mining

3. Products/ Service : Iliminate concentrate, Titanomite concentrate Titania slag,pigment

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

Mining concentration and slag & pigment production

6. Annual Capacity: ( 70,000 Iliminate concentrate +Titanomit concentrate + Titania slag)+( 40000 pigment)

Project status

7. Local / Internal raw material access 50 %

8. Sale:

70,000 Iliminate concentrate +Titanomit concentrate + Titania slag)+( 40000 pigment)

9. Construction Period 4 Year

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes

Yes

Yes √

Yes

Yes

Yes

No

No

No

No √

No √

No

No √

No √

No √

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Kahnooj Titanium project

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total Investment 2,292,420 38207 60 200 260

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. company Profile :

- Name (Legal / Natural Persons):

- Company’s Name: Iranian mines and mining industries development and renovation organization

- Address : N.-39 sepahbod gharani St. , Tehran.

- Tel: 00982188829181 Fax: 00982188823048

- E-mail: info@imidro.org web site: www.imidro.org

- Local Entrepreneur: private sector: public sector: √ other:

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Project Introduction

1. Project Title : SavadKouh Coking Plant Project

2. Sector: mining industry Sub Sector: mining

3. Products/ Service : Aluminum Can

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

Establishing 300000 tone coke factory

6. Annual Capacity: 300,000 tones

Project status

7. Local / Internal raw material access 100 %

8. Sale:

300,000 tones

9. Construction Period 3 Year

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes

Yes

Yes √

Yes

Yes

Yes

No

No

No

No √

No √

No

No √

No √

No √

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SavadKouh Coking Plant Project

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total Investment 2,139,592 38207 56 102 158

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. company Profile :

- Name (Legal / Natural Persons):

- Company’s Name: Iranian mines and mining industries development and renovation organization

- Address : N.39- sepahbod gharani St. , Tehran.

- Tel: 00982188829181 Fax: 00982188823048

- E-mail: info@imidro.org web site: www.imidro.org

- Local Entrepreneur: private sector: public sector: √ other:

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Project Introduction

1. Project Title : 10 MT Complex Steel Making Project

2. Sector: Mining Industrial Sub Sector: Steel

3. Products/ Service : Gold, Iron, Silver

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

Extraction and Produce metal gold and stablishing the Iron concenteration plan in Esfahan privince

6. Annual Capacity:

Project status

7. Local raw material access ......%

8. Sale:

Anticipated export market …..….%

9. Construction Period 2 years

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes

Yes

Yes

Yes

Yes

Yes

Yes

No

No

No √

No √

No √

No √

No √

No √

No √

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10 MT Complex Steel Making Project

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

milliard Rials RateEquivalentin million

Euro

Total investment 100,000,000 34300 2933 2360 5293

General Information

12. Project Type: Establishment: Expansion and Completion: √

13. Company/person Profile:

- Name (Legal / Natural Persons):

- Company’s Name: ( NISCO)

- Address :

- Tel: +98-21-88912593 Fax:

- E-mail: web site: impasco@impasco.com

- Local Partnership: private sector: Government Sector: √ other:

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Project Introduction

1. Project Title : Jajarm Aluminum Plant.

2. Sector: industrial Sub Sector: primary industry

3. Products/ Service : Aluminum

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

In the first step, 70 pots will apply in the process. Process units are including reduction unit, electrical and

rectifier, pollutant adsorption, compressed air etc and required material are alumina, anode and cryolite.

6. Annual Capacity: 36,600 ton/year, in the first step

Project status

7. Local / Internal raw material access % : %100 of the required alumina can be provided from Iran

8. Sale:

Nowadays internal request is much more than production rate, so there is no problem for marketing in the field.

9. Construction period: according to time schedule, the factory will start in beginning of 1396.

10. project Status :

- feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- partnership agreement with foreign investors finalized?

- procurement agreement finalized?

- Agreement with local / foreign contractor (s) finalized?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- list of know-how, machinery, equipment of buyer/seller companies specified?

- Purchase agreement for machinery, equipment and know- how finalized?

Yes √

Yes √

Yes √

Yes

Yes

Yes √

Yes

Yes

Yes

No

No

No

No √

No √

No

No √

No √

No √

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Jajarm Aluminum Plant.

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment 1,264,631 33,465 37,789,659 151,584,285

- Value of foreign equipment / machinery : 105,054,607 Euro

- Value of local equipment / machinery : 208,000 Million Euro

- value of foreign technical know – how : 1,135,568 Euro

- value of local technical know – how: 105,000 Million Rial

- Net present Value (NPV): 1,472,594 Million Rial

- Internal Rate Of Return( IRR): 23.84%

- Pay Back Period : 6 year

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. Company/person Profile:

- Name (Legal / Natural Persons):

- Company’s Name: Jajarm alumina company

- Address : north khorasan- jajarm

- Tel: 05832272088 Fax: 05832273041

- E-mail: Info@iranalumina.ir web site: www.imidro.org

- Local Partnership: private sector: Government Sector: other:

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Project Introduction

1. Project Title : Found Magnesium Chloride

2. Sector: Mining Sub Sector: Mining

3. Products/ Service : Magnesium Chloride

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

Presently, the Project Site is not definitely know, due to non-allotment of the exploration areas.

5. Project Description:

Stablish a chloride Magnesiuam plant in Khowr & Biabanak Playa

6. Annual Capacity:12,500ton Mg 26,800ton karnallite

7,300ton Cacl2 Soultion

Project status

7. Local / Internal raw material access 100 %

8. Sale:

Anticipated export market …..….%

9. Construction Period

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes

Yes

Yes

Yes

Yes √

Yes √

Yes

No

No

No √

No √

No √

No √

No

No

No √

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Found Magnesium Chloride

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment 105,866 38207 3 - 3

- Value of equipment/ machinery: 29,256

- Value of technical know–how:

- Net Present Value (NPV): 113,715

- Internal Rate of Return (IRR): 42,49%

- Pay Back Period : 4,03

General Information

12. Project Type: Establishment: Expansion and Completion: √

13. Company/person Profile:

- Name (Legal / Natural Persons): Iran Minerals Production and Supply co. ( IMPASCO)

- Company’s Name: Iran Potash- Khowr & Biabanak

- Address : no 8 / mahroozade ally / shariati st/ Tehran – iran

- Tel: +98-21-22720305 Fax: +98-21-22720305

- E-mail: web site: info@iranpotash.com

- Local Partnership: private sector: Government Sector: other:

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Project Introduction

1. Project Title : Found Calcium Chloride Plan A

2. Sector: Mining Sub Sector: Mining

3. Products/ Service : Magnesium hydroide2 Calcium Chloride

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

Establish a calcium chloride plant to use the Final brine of solar ponds in khowr and Biabanak comp let

6. Annual Capacity: 1- 30.000 ton calcium chloride 2- 3500 ton Magnesium hidroyide

Project status

7. Local raw material access 100 %

8. Sale:

Anticipated export market …..….%

9. Construction Period 18 month

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes

Yes

Yes

Yes

Yes √

Yes

Yes

No

No

No √

No √

No √

No √

No

No √

No √

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Found Calcium Chloride Plan A

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

milliard Rials RateEquivalentin million

Euro

Total investment 149,144 38207 4 - 4

- Value of equipment/ machinery: 80,827

- Value of technical know–how:

- Net Present Value (NPV): 62,804

- Internal Rate of Return (IRR): 30.49%

- Pay Back Period : 4,7

General Information

12. Project Type: Establishment: Expansion and Completion: √

13. Company/person Profile:

- Name (Legal / Natural Persons): Iran Minerals Production and Supply co. ( IMPASCO)

- Company’s Name: Iran Potash- Khowr & Biabanak

- Address : no 8 / mahroozade ally / shariati st/ Tehran – iran

- Tel: +98-21-22720305 Fax: +98-21-22720305

- E-mail: web site: info@iranpotash.com

- Local Partnership: private sector: Government Sector: other:

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Project Introduction

1. Project Title : Koohdom Poly Metyal Project

2. Sector: Mining Sub Sector: Mining

3. Products/ Service : Gold, Iron, Silver

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

Extraction and Produce metal gold and stablishing the Iron concenteration plan in Esfahan privince

6. Annual Capacity:

Project status

7. Local raw material access ......%

8. Sale:

Anticipated export market …..….%

9. Construction Period 2 years

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes

Yes

Yes

Yes

Yes

Yes

Yes

No

No

No √

No √

No √

No √

No √

No √

No √

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Koohdom Poly Metyal Project

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

milliard Rials RateEquivalentin million

Euro

Total investment - - - 40 40

General Information

12. Project Type: Establishment: Expansion and Completion: √

13. Company/person Profile:

- Name (Legal / Natural Persons):

- Company’s Name: Iran Minerals Production and Supply co. ( IMPASCO)

- Address :

- Tel: +98-21-88912593 Fax:

- E-mail: web site: impasco@impasco.com

- Local Partnership: private sector: Government Sector: √ other:

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Project Introduction

1. Project Title :

Tabas Parvadeh Coal Mine Development

2. Sector: Mining Sub Sector: Mining

3. Products/ Service : Coking Coal

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

Regarding to approval of Iran comprehensive coal project and annual clean coking coal production objective

is 2500000 tons within 4 years. TPCCO is obliged to double the current nominal capacity. The second stage of

company development will be purchasing second long wall set. With purchasing this second long wall set,

mechanized coal excavation operations will be performed continuously during the year and practically the face

gaps will be zero and the annual coal production in Mine No 1 will increase by 300000 ton that can be beneficial

for TPCCO in technical and economical aspects. It should be mentioned that to achieve this goal, TPCCO and

Ostroj a.s Co. from Czech Republic have concluded an agreement.

6. Annual Capacity: 300,000 Ton

Project status

7. Local raw material access 100%

8. Sale: Final salable product 110000 ton clean coking coal

Anticipated export market 100%

9. Construction Period: 4 Months

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes

Yes

Yes

Yes √

Yes √

Yes

No

No

No

No √

No √

No √

No

No

No √

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Tabas Parvadeh Coal Mine Development

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment 526754 36000 15 - 15

- Value of equipment/ machinery: 493500 Million Rials

- Value of technical know–how:

- Net Present Value (NPV): 50750 Million Rials With rates: 20 %

- Internal Rate of Return (IRR): 23.7%

- Pay Back Period: 3year

General Information

12. Project Type: Establishment: Expansion and Completion: √

13. Company/person Profile:

- Name (Legal / Natural Persons):

- Company’s Name: Tabas Parvadeh Coal Company

- Address : Motahari Blvd., Tabas, Khorasan Jonubi, IR IRAN P.Code: 9791754956

- Tel: +98563282 4551 Fax: +98563282 2233

- E-mail: web site: info@tpc.co.ir

- Local Partnership: private sector: √ Government Sector: other:

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Project Introduction

1. Project Title : development equipment Tabas Parvadeh Coal mine

2. Sector: Mining Sub Sector: Mining

3. Products/ Service : Coking Coal

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

Regarding to approval of Iran comprehensive coal project and annual clean coking coal production objective is

2500000 ton within 4 years. TPCCO is obliged to double the current nominal capacity. Therefore development

plans were defined in stages and approved by the company shareholders. The first stage to improve production

was enhancement in mine preparation and development to minimize long wall panel gap cause by mine

preparations. The main project accomplishment factor would be refurbishment of available equipment and

procurement of new development systems.

6. Annual Capacity: 300000 Ton

Project status

7. Local raw material access 100%

8. Sale: Final salable product 110000 ton clean coking coal

Anticipated export market 100%

9. Construction Period: 9 Months

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes

Yes

Yes

Yes √

Yes √

Yes

No

No

No

No √

No √

No √

No

No

No √

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General Information

12. Project Type: Establishment: Expansion and Completion: √

13. Company/person Profile:

- Name (Legal / Natural Persons):

- Company’s Name: Tabas Parvadeh Coal Company

- Address : Motahari Blvd., Tabas, Khorasan Jonubi, IR IRAN P.Code: 9791754956

- Tel: +98563282 4551 Fax: +98563282 2233

- E-mail: web site: info@tpc.co.ir

- Local Partnership: private sector: √ Government Sector: other:

Development equipment Tabas Parvadeh Coal mine

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment 340,000 36000 10 - 10

- Value of equipment/ machinery: 340000 Million Rials

- Value of technical know–how:

- Net Present Value (NPV): 36164 Million Rials With rates: 20 %

- Internal Rate of Return (IRR): 25.5 %

- Pay Back Period: 3.5 years

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Project Introduction

1. Project Title : Tabas Parvadeh Coal Company

2. Sector: Mining Sub Sector: Mining

3. Products/ Service : Clean Coking Coal

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

Currently in most of world coal preparation plants with the similar sizing spiral circuit are being utilized. In Iran

Zarand and newly commissioned Savadkoh coal preparation plant are using spiral. By using this system in the coal

preparation plant efficiency will increase by 5% and considering various coals feed in the last years, it is expected

to increase clean coal production by 42000 tons.

6. Annual Capacity: 42,000 Ton

Project status

7. Local raw material access 100%

8. Sale: 42000 Ton

Anticipated export market 100%

9. Construction Period: 5 Months

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes

Yes

Yes

Yes √

Yes √

Yes

No

No

No

No √

No √

No √

No

No

No √

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General Information

12. Project Type: Establishment: Expansion and Completion: √

13. Company/person Profile:

- Name (Legal / Natural Persons):

- Company’s Name: Tabas Parvadeh Coal Company

- Address : Motahari Blvd., Tabas, Khorasan Jonubi, IR IRAN P.Code: 9791754956

- Tel: +98563282 4551 Fax: +98563282 2233

- E-mail: web site: info@tpc.co.ir

- Local Partnership: private sector: √ Government Sector: other:

Tabas Parvadeh Coal Company

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment 72,900 36000 2 - 2

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Project Introduction

1. Project Title : Import and Export Jetty Establishment (13 post jetty)

2. Sector: Transportation Sub Sector: See Transportation

3. Products/ Service : Jetty

4. Location: Free Zone Economic Special Zone √ Industrial Estate Main land

5. Project Description:

The integrity of multiple Steel, Aluminum and Petrochemical industries in Persian Gulf Mining and Metal

Industries Special Economic Zone has given the feasibility of establishing an import and export jetty in this

zone. Most of these industries are export oriented and they also provide some of their need material and

machinery by importing.

This package includes 7 jetties with total capacity of loading and unloading 39.5 million tons. It involves

3 cargo jetties for vessels up to 40 thousand tons, one jetty for 20 thousand tons vessels, 2 oil condensate

jetties for 90 thousand tons vessels and one jetty for sulfur minerals up to 70 thousand tons vessels.

6. Annual Capacity: 39.5 million tons

Project status

7. Local raw material access ......%

8. Sale:

Anticipated export market …..….%

9. Construction Period 2 years

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes

Yes

Yes

Yes

Yes

Yes

Yes

No

No

No √

No √

No √

No √

No √

No √

No √

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Koohdom Poly Metyal Project

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

milliard Rials RateEquivalentin million

Euro

Total investment 7,543,890 - 196.2 67 263.2

General Information

12. Project Type: Establishment: Expansion and Completion: √

13. Company/person Profile: Persian Gulf Mining and Metal Industries Special Economic Zone

- Name (Legal / Natural Persons): Supplying infrastructures for investors / Material Handling Services

- Company’s Name: Persian Gulf Mining & Metal Industries Special Economic Zone

- Address : 13 km Shahid Rajaee Port Road, Bandar Abbas, Iran

- Tel: 076-35592201 Fax: 076 33592211

- E-mail: info@pgsez.org web site: impasco@impasco.com

- Local Partnership: private sector: Government Sector: √ other:

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Project Introduction

1. Project Title : Rebar Rolling Mill

2. Sector: Mining Industry Sub Sector: Steel

3. Products/ Service : Rebar

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

The purpose of implementing this project is to construct rebar rolling mill with 500,000 tons per year capacity at

Khuzestan Steel Company.

6. Annual Capacity: 500,000 Tons per Year

Project status

7. Local raw material access 100 %

8. Sale:

%70 Local Market – %30 Export

9. Construction Period: 3 Years

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of know – how, machinery, equipment and know-how concluded?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes

Yes

Yes

Yes

Yes √

Yes √

Yes

No

No

No √

No √

No √

No √

No

No

No √

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Rebar Rolling Mill

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment 552,800 35000 16 34 50

- Value of equipment/ machinery: 34.3 Million Dollars

- Value of technical know–how:

- Net Present Value (NPV): 3,687 Billion Rials at rate of 12 %

- Internal Rate of Return (IRR): 26%

- Pay Back Period: 8 Years

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. Company/person Profile:

- Name (Legal / Natural Persons):

- Company’s Name: Khouzestan Steel Company

- Address: 10 Km Bandar Imam Khomeini Road , Ahwaz, Iran

- Tel +93 613 2908000-15 Fax: +93 613 2908080-2

- E-mail: info@ksc.ir web site: www.ksc.ir

- Local Partnership: private sector: √ Government Sector: other:

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Project Introduction

1. Project Title: Expansion of Shadegan Steel Company

2. Sector: Mining Industry Sub Sector: Steel

3. Products/ Service : Steel Rolling Products (Rebar, Plate)

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

Shadegan Steel Industry Co. aims to increase its production capacity from 1 to 3.6 million tons per year. At the end

of this project, Shadegan Steel Industry Company will be able to produce 1 million tons of Rebar and 2.6 million

tons of steel plate.

This Project is consist of 3 phases as follows:

Phase 1: Rebar Rolling – 1 M T per Year

Phase 2: Sponge Iron Module – 1.6 M T per Year , Slab Casting – 1.3 M T, Plate Rolling– 1.3 M T

Phase 3 :Sponge Iron Module – 1.6 M T per Year , Slab Casting – 1.3 M T, Plate Rolling– 1.3 M T

6. Annual Capacity: 3,600,000 Tons per year

Project status

7. Local raw material access 100 %

8. Sale:

%70 Local Market – %30 Export

9. Construction Period: 8 Years

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of know – how, machinery, equipment and know-how concluded?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes

Yes

Yes

Yes

Yes √

Yes √

Yes

No

No

No √

No √

No √

No √

No

No

No √

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Expansion of Shadegan Steel Company

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment 16,030,000 35000 458 990 1448

- Value of equipment/ machinery: 989.7 Million Dollars

- Value of technical know–how:

- Net Present Value (NPV): 36,949 Billion Rials at rate of 13 %

- Internal Rate of Return (IRR): 27%

- Pay Back Period: 11.5 Years

General Information

12. Project Type: Establishment: Expansion and Completion: √

13. Company/person Profile:

- Name (Legal / Natural Persons):

- Company’s Name: Khouzestan Steel Company

- Address: 10 Km Bandar Imam Khomeini Road , Ahwaz, Iran

- Tel +93 613 2908000-15 Fax: +93 613 2908080-2

- E-mail: info@ksc.ir web site: www.ksc.ir

- Local Partnership: private sector: √ Government Sector: other:

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Project Introduction

1. Project Title: Wide Slab

2. Sector: Mining Industry Sub Sector: Steel

3. Products/ Service : Wide Slab

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

In order to increase the capacity up to 5 million tons of semi-finished steel, remaining competitive and maintaining

domestic and foreign market share, Khouzestan steel company intends to create wide slab plant with a capacity

of 1.2 million tons per year.

6. Annual Capacity: 1,200,000 Tons per Year

Project status

7. Local raw material access 100 %

8. Sale:

80% Local Market – 20% Export

9. Construction Period: 3 Years

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of know – how, machinery, equipment and know-how concluded?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes

Yes

Yes

Yes √

Yes √

Yes

No

No

No

No √

No √

No √

No

No

No √

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Wide Slab

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment 805,000 35000 23 81 104

- Value of equipment/ machinery: 81 Million Dollars

- Value of technical know–how:

- Net Present Value (NPV): 5,173 Billion Rials at rate 12 %

- Internal Rate of Return (IRR): 30.1%

- Pay Back Period: 6.4 Years

General Information

12. Project Type: Establishment: Expansion and Completion: √

13. Company/person Profile:

- Name (Legal / Natural Persons):

- Company’s Name: Khouzestan Steel Company

- Address: 10 Km Bandar Imam Khomeini Road , Ahwaz, Iran

- Tel +93 613 2908000-15 Fax: +93 613 2908080-2

- E-mail: info@ksc.ir web site: www.ksc.ir

- Local Partnership: private sector: √ Government Sector: other:

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Project Introduction

1. Project Title: Zam Zam 3 - Sponge Iron

2. Sector: Mining Industry Sub Sector: Steel

3. Products/ Service : Sponge Iron (DRI)

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

To achieve production of 5 MT/Y crude steel, considering current capacity of sponge iron, more 1.7 MT/Y of

sponge iron is needed.

One of the major elements of steel making value added chain, is sponge iron production.

Well control over the sponge iron production process has several advantages (like reducing electrical energy

norm, improving DRI yield…) of the EAF and finally decreasing of the steel finished cost.

6. Annual Capacity: 1,700,000 Tons per Year

Project status

7. Local raw material access 100 %

8. Sale:

Internal Usage

9. Construction Period: 4 Years

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of know – how, machinery, equipment and know-how concluded?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes

Yes

Yes

Yes √

Yes √

Yes

No

No

No

No √

No √

No √

No

No

No √

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Zam Zam 3 - Sponge Iron

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment 3,080,000 35000 88 91 179

- Value of equipment/ machinery: 91.4 Million Dollars

- Value of technical know–how:

- Net Present Value (NPV): 5,507 Billion Rials at rate of 13%

- Internal Rate of Return (IRR): 31%

- Pay Back Period: 6.2 Years

General Information

12. Project Type: Establishment: Expansion and Completion: √

13. Company/person Profile:

- Name (Legal / Natural Persons):

- Company’s Name: Khouzestan Steel Company

- Address: 10 Km Bandar Imam Khomeini Road , Ahwaz, Iran

- Tel +93 613 2908000-15 Fax: +93 613 2908080-2

- E-mail: info@ksc.ir web site: www.ksc.ir

- Local Partnership: private sector: √ Government Sector: other:

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Project Introduction

1. Project Title: Sangan Concentrate Plant

2. Sector: Mining Sub Sector: Mining Industrial

3. Products/ Service : Iron ore concentrate

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

Construction of iron ore concentrate plant at sangan mine with annual capacity of 5 million ton.

6. Annual Capacity: 5 Mt

Project status

7. Local raw material access 100 %

8. Sale:

Anticipated export market 0 %

9. Construction Period: 3 Years

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of know – how, machinery, equipment and know-how concluded?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes

Yes

Yes √

Yes √

Yes √

Yes √

No

No

No

No √

No √

No

No

No

No

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Sangan Concentrate Plant

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquipment in Million

Dollars

Total Investment 7.203.999 35000 206 176 382

- Value of equipment/ machinery: 167 Million dollars

- Value of technical know–how: 4.96 Million dollars

- Net Present Value (NPV): 52 Million dollars for 18 Year with discount rate of 25%.

- Internal Rate of Return (IRR): 30.20 %

- Pay Back Period: 5.62 year

General Information

12. Project Type: CAUSE Establishment: √ Expansion and Completion:

13. Company/person Profile:

- Name (Legal / Natural Persons):

- Company’s Name: Mobarakeh Steel Company (MSC)

- Address: P.O.Box: 161-84815 Esfahan-Iran

- Tel 130-52735325 Fax: 130-52734324

- E-mail: info@mobarakeh-steel.ir web site: www.mobarakeh-steel.ir

- Local Partnership: private sector: √ Government Sector: other:

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Project Introduction

1. Project Title: Hormozgan Pelletizing Plant

2. Sector: Mining Sub Sector: Mining Industrial

3. Products/ Service : Iron ore concentrate

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

Construction pelletizing plant in Hormozgan Steel Company with annual capacity of 2.5 million tons.

6. Annual Capacity: 2.5 Mt

Project status

7. Local raw material access 100 %

8. Sale:

Anticipated export market 0 %

9. Construction Period: 3 Years

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of know – how, machinery, equipment and know-how concluded?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes

Yes

Yes

Yes √

Yes √

Yes √

Yes

No

No

No √

No √

No √

No

No

No

No √

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Hormozgan Pelletizing Plant

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquipment in Million

Dollars

Total Investment 2.429.169 35000 69 86 155

- Value of equipment/ machinery: 58 Million dollars.

- Value of technical know–how: 0.747 Million dollars.

- Net Present Value (NPV): 60 Million dollars for 18 Year with discount rate of %22.

- Internal Rate of Return (IRR): 31.63 %.

- Pay Back Period: 5.6 year.

General Information

12. Project Type: CAUSE Establishment: √ Expansion and Completion:

13. Company/person Profile:

- Name (Legal / Natural Persons):

- Company’s Name: Mobarakeh Steel Company (MSC)

- Address: P.O.Box: 84815 -161 Esfahan-Iran

- Tel 130-52735325 Fax: 130-52734324

- E-mail: info@mobarakeh-steel.ir web site: www.mobarakeh-steel.ir

- Local Partnership: private sector: √ Government Sector: other:

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Project Introduction

1. Project Title: Kharazi Hot Strip Mill plant

2. Sector: Mining Sub Sector: Mining Industrial

3. Products/ Service : Hot Coil

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

Construction of HSM plant with annual capacity of 3.5 million ton at Mobarakeh Steel company with the purpose

of balancing production line and increasing the capacity of high grade steel production.

6. Annual Capacity: 3.5 Mt

Project status

7. Local raw material access 100 %

8. Sale:

Anticipated export market %17.

9. Construction Period: 3 Years

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of know – how, machinery, equipment and know-how concluded?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes

Yes

Yes

Yes √

Yes √

Yes

No

No

No

No √

No √

No √

No

No

No √

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Kharazi Hot Strip Mill plant

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquipment in Million

Dollars

Total Investment 11.099.048 35000 317 186 503

- Value of equipment/ machinery: 304 Million dollars.

- Value of technical know–how: …. Million dollars

- Net Present Value (NPV): 70 Million dollars for 18 Year with discount rate of 20%.

- Internal Rate of Return (IRR): 23.32 %.

- Pay Back Period: 6.30 year

General Information

12. Project Type: CAUSE Establishment: √ Expansion and Completion:

13. Company/person Profile:

- Name (Legal / Natural Persons):

- Company’s Name: Mobarakeh Steel Company (MSC)

- Address: P.O.Box: 84815 -161 Esfahan-Iran

- Tel 130-52735325 Fax: 130-52734324

- E-mail: info@mobarakeh-steel.ir web site: www.mobarakeh-steel.ir

- Local Partnership: private sector: √ Government Sector: other:

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Project Introduction

1. Project Title: Hosco Pelletizing Plant

2. Sector: Mining Sub Sector: Mining Industrial

3. Products/ Service : Iron Firing Pellet

4. Location: Free Zone Economic Special Zone √ Industrial Estate Main land

5. Project Description:

Establishment of a pelletizing plant with the capacity 2.5 MT/Y by means of ‘Traveling Grate’ Technology and

Expandable to 5 MT/Y to supply required iron pellet of Hosco DRP.

6. Annual Capacity: 2.5 MT/Y

Project status

7. Local raw material access 100 %

8. Sale:

Anticipated export market ....%.

9. Construction Period: 36 months

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of know – how, machinery, equipment and know-how concluded?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes

Yes

Yes

Yes

Yes √

Yes √

Yes

No

No

No √

No √

No √

No √

No

No

No √

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Hosco Pelletizing Plant

11. Financial Table

Description

Local Currency Required Foreign Currency Required

Million dollar

Total MillionEuro

Million Rials RateEquivalent in million

Euro

Total Investment 2,477,263 35000 71 84 151

- Value of equipment/ machinery: 3.197.930 million rials.

- Value of technical know–how: ….

- Net Present Value (NPV): 2.094.955 million rials

- Internal Rate of Return (IRR): 31.63 %.

- Pay Back Period: 5.63

General Information

12. Project Type: CAUSE Establishment: Expansion and Completion: √

13. Company/person Profile:

- Name (Legal / Natural Persons):

- Company’s Name: Hormozgan steel complex

- Address: Bandarabbas- highway 13 km martyr rajai, Hormozgan steel complex

- Tel 076- 333530002-5 Fax: 076- 33530145

- E-mail: web site:

- Local Partnership: private sector: √ Government Sector: other:

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Project Introduction

1. Project Title : Wire Rod Mill

2. Sector: Mining Industry Sub Sector: Alloy Steel

3. Products/ Service : Manufacturing of Wire Rod

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

Our company intends to establish a New Rolling Mill Factory in accordance with its basic requirements including

of Wire Rod Products in IASCO site with capacity 250.000 Ton/Year.

6. Annual Capacity: 250.000 ton

Project status

7. Local raw material access 100%

8. Sale:

Anticipated export market 10%

9. Construction Period: 2 years

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes

Yes

Yes

Yes

Yes √

Yes √

Yes

No

No

No √

No √

No √

No √

No

No

No √

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Wire Rod Mill

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment 1,769,170 42300 42 23 65

- Value of equipment/ machinery: 20 million euro

- Value of technical know–how: -

- Net Present Value (NPV): 642070 Euro for 15 Year

- Internal Rate of Return (IRR): 26/21%

- Pay Back Period: 3/44 Year

General Information

12. Project Type: Establishment: Expansion and Completion: √

13. Company/person Profile:

- Name (Legal / Natural Persons): Managing Director: Mr. M.E.Ghadirian

- Company’s Name: IRAN ALLOY STEEL CO.(Public)

- Address: Azadegan Blvd., Martyr Dehghan Manshadi Blvd., Km 24 IASCO Road, Yazd, Iran

- Tel:+98-35-37253090- 96 Fax: +98-35-37254680

- E-mail: info@iasco.ir web site: www.iasco.ir

- Local Partnership: private sector: √ Government Sector: other:

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Project Introduction

1. Project Title : Yazd I (Billet)

2. Sector: Mining Industry Sub Sector: Alloy Steel

3. Products/ Service : Manufacturing of billet

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

Our company intends to establish a New meltshop Factory in accordance with its basic requirements including

of billet Products in IASCO›site with capacity 700.000 Ton/Year.

6. Annual Capacity: 700.000 ton

Project status

7. Local raw material access 100%

8. Sale:

Anticipated export market 0%

9. Construction Period: 33 Months

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes √

Yes √

Yes √

Yes √

Yes √

Yes √

No

No

No

No

No

No

No

No

No

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Yazd I (Billet)

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment 3,247,120 42300 100 140 240

- Value of equipment/ machinery: 160/48 million euro

- Value of technical know–how: -

- Net Present Value (NPV): 32/4 Euro

- Internal Rate of Return (IRR): 23/03%

- Pay Back Period: 3/48 Year

General Information

12. Project Type: Establishment: Expansion and Completion: √

13. Company/person Profile:

- Name (Legal / Natural Persons): Managing Director: Mr. M.E.Ghadirian

- Company’s Name: IRAN ALLOY STEEL CO.(Public)

- Address: Azadegan Blvd., Martyr Dehghan Manshadi Blvd., Km 24 IASCO Road, Yazd, Iran

- Tel:+98-35-37253090- 96 Fax: +98-35-37254680

- E-mail: info@iasco.ir web site: www.iasco.ir

- Local Partnership: private sector: √ Government Sector: other:

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Project Introduction

1. Project Title : Seamless Tube Mill Plant

2. Sector: Mining Industry Sub Sector: Alloy Steel

3. Products/ Service : Manufacturing of billet

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

We are going to install new Seamless Tube Plant, VD equipment and CCM Round Bloom Caster with following

specification in our new plant expansion.

6. Annual Capacity: 525.000 ton

Project status

7. Local raw material access 100%

8. Sale:

Anticipated Internal market 50 %

Anticipated export market 50 %

9. Construction Period: 3 Year

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes

Yes

Yes

Yes √

Yes √

Yes

No

No

No

No √

No √

No √

No

No

No √

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Seamless Tube Mill Plant

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment 1,146,400 13200 87 640 727

- Value of equipment/ machinery: 516/6 million euro

- Value of technical know–how: -

- Net Present Value (NPV): 548/2 million euro

- Internal Rate of Return (IRR): 28/04%

- Pay Back Period: 3/12 Year

General Information

12. Project Type: Establishment: Expansion and Completion: √

13. Company/person Profile:

- Name (Legal / Natural Persons): Managing Director: Mr. M.E.Ghadirian

- Company’s Name: IRAN ALLOY STEEL CO.(Public)

- Address: Azadegan Blvd., Martyr Dehghan Manshadi Blvd., Km 24 IASCO Road, Yazd, Iran

- Tel:+98-35-37253090- 96 Fax: +98-35-37254680

- E-mail: info@iasco.ir web site: www.iasco.ir

- Local Partnership: private sector: √ Government Sector: other:

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Project Introduction

1. Project Title : Iron Ore Concentrates

2. Sector: Mining Industry Sub Sector: Metal Base

3. Products/ Service : Iron Ore Concentrates

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

Presently, the Project Site is not definitely know, due to non-allotment of the exploration areas.

5. Project Description:

Iron Ore are the incoming materials, and Iron Ore Concentrates are the outgoing products.

Iron Ore Concentrates production helps to make balance in steel production chain in the country.

6. Annual Capacity: 2,700,000 TPY

Project status

7. Local / Internal raw material access 100 %

8. Sale:

Anticipated export market 100.%

9. Construction Period

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

No

No √

No √

No √

No √

No √

No √

No √

No √

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Iron Ore Concentrates Production Project with 2700000 TPY Capacity

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment 4736000 34500 137 - 137

- Value of equipment/ machinery :61 Million Euro

- Value of technical know–how :573000 Million Rials

- Net Present Value (NPV): 972718 Million Rials

- Internal Rate of Return (IRR):%24.62

- Pay Back Period : 3 years

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. Company/person Profile:

- Name (Legal / Natural Persons): legal

- Company’s Name: Persia Metal Spadana investment Company

- Address : Isfahan University Boulevard-st.Tawhid-Number 49

- Tel: +98-31-36281020 Fax: +98-31-36245568

- E-mail: web site: info@pmco.ir

- Local Partnership: private sector: √ Government Sector: √ other:

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Project Introduction

1. Project Title : Pellet Production Project with

2. Sector: Base Metal Sub Sector: Mine

3. Products/ Service : Pellet

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

Presently, the Project Site is not definitely know, due to non-allotment of the exploration areas.

5. Project Description:

Iron ore concentrates are the incoming materials, and Pellets are the outgoing products.

Pellets production helps to make balance in steel production chain in the country.

6. Annual Capacity: 2,500,000TPY

Project status

7. Local / Internal raw material access 100 %

8. Sale:

Anticipated export market 100.%

9. Construction Period

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

No

No √

No √

No √

No √

No √

No √

No √

No √

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Pellet Production Project with

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment 5422000 34500 157 - 157

- Value of equipment/ machinery: 46 Million Euro

- Value of technical know–how: 890,000 Million Rials

- Net Present Value (NPV): 965,425 Million Rials

- Internal Rate of Return (IRR): 24.12%

- Pay Back Period : 3 years

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. Company/person Profile:

- Name (Legal / Natural Persons): legal

- Company’s Name: Persia Metal Spadana investment Company

- Address : Isfahan University Boulevard-st.Tawhid-Number 49

- Tel: +98-31-36281020 Fax: +98-31-36245568

- E-mail: web site: info@pmco.ir

- Local Partnership: private sector: √ Government Sector: √ other:

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Project Introduction

1. Project Title : Iralco Anode plant

2. Sector: Mining Industry Sub Sector: Aluminum Industry

3. Products/ Service : Graphite Anode

4. Location: Free Zone Economic Special Zone √ Industrial Estate Main land

5. Project Description:

The product of plant is used for aluminum production process,the plant consist of green mill,anode baking

shop, silos for cpc and pitch storage, repair shop, store and all infrastructures .all the main equipment has been

purchased and the plant is under construction with %45 progress.

6. Annual Capacity: 100000 t/a

Project status

local / internal raw material access average is …… %50

8. Sale:

anticipated sell in foreign markets…. %100 sale to IRALCO

9. Construction period: 36 months

10. project Status :

- feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- partnership agreement concluded with local/foreign investor?

- financing agreement concluded?

- agreement with local / foreign contractor concluded?

- infrastuctural utilities (electricity,equipment,as well as seller,/ builder companies defined?

- list of know-how, machinrey, equipment, as well as seller/ builder companies defined?

- purchase agreement for machinery, equipments and know-how concluded?

Yes √

Yes √

Yes √

Yes √

Yes

Yes √

Yes √

Yes √

Yes √

No

No

No

No

No √

No

No

No

No

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Iralco Anode plant

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment 4,791,000 38207 125 - 125

- value of foreign equipment / machinery: 91million USD

- value of local equipment / machinery: -

- value of foreign technical know-how: 3.6million USD

- value of local technical know-how: -

- net present value (NPV): 14 million USD

- internal rate of return (IRR) : 21.2 %

- pay back period (PP) 7.7 Year

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. Company/person Profile:

- Name (Legal / Natural Persons): MAJID POORATTAR managing director of the company

- Company’s Name: Iranian Aluminum company (IRALCO)

- Address : Manabe tabiee Blvd , ARAK,Iran TEHRAN: NO49,MOLLASADRA,TEHRAN

- Tel: ARAK:08632162001 TEHRAN: 02188049024 Fax: 08634130233

- E-mail: web site: www.iralco.ir

- Local Partnership: private sector: √ Government Sector: other:

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Project Introduction

1. Project Title : ALUMINUM SMELTER PLANT

2. Sector: Mining Industry Sub Sector: Aluminum Industry

3. Products/ Service : PRIMARY Aluminum ingots

4. Location: Free Zone Economic Special Zone √ Industrial Estate Main land

5. Project Description:

Aluminum smelter plant with 350 kt/a capacity and 400KA technonogy consist of a patroom with 1170 m and

336 pots, anode plant with 180 kt/a capacity, rectifier station, power supply,alumina silos,cpc silos,all infrastructures

and other buildings

6. Annual Capacity: 350,000 tons per year

Project status

local / internal raw material access average is …… %20 local and %80 imported

8. Sale:

anticipated sell in foreign markets….% %50 local %50 export

9. Construction period: 42 months

10. project Status :

- feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- partnership agreement concluded with local/foreign investor?

- financing agreement concluded?

- agreement with local / foreign contractor concluded?

- infrastuctural utilities (electricity,equipment,as well as seller,/ builder companies defined?

- list of know-how, machinrey, equipment, as well as seller/ builder companies defined?

- purchase agreement for machinery, equipments and know-how concluded?

Yes √

Yes √

Yes

Yes

Yes

Yes

Yes √

Yes

Yes

No

No

No √

No √

No √

No √

No

No √

No √

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ALUMINUM SMELTER PLANT

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment - - - 1210.0 1210.0

- value of foreign equipment / machinery: 760 million dollar USD

- value of local equipment / machinery: 28 million dollar USD

- value of foreign technical know-how: million euoro

- value of local technical know-how: -

- net present value (NPV) : 361 million USD

- internal rate of return (IRR): 14.83%

- pay back period (PP): 8 Year

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. Company/person Profile:

- Name (Legal / Natural Persons): MAJID POORATTAR managing director of the company

- Company’s Name: Iranian Aluminum company(IRALCO)

- Address : Manabe tabiee Blvd , ARAK,Iran TEHRAN: NO49,MOLLASADRA,TEHRAN

- Tel: ARAK:08632162001 TEHRAN: 02188049024 Fax: 08634130233

- E-mail: web site: www.iralco.ir

- Local Partnership: private sector: √ Government Sector: other:

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Project Introduction

1. Project Title : Iralco combined cycle power planet

2. Sector: Mining Industry Sub Sector: Aluminum Industry

3. Products/ Service : electricity

4. Location: Free Zone Economic Special Zone √ Industrial Estate Main land

5. Project Description:

Iralco combined cycle power plant with 500MW capacity consist of two gas turbine and one steam section

the capacity of each one is 162 MW . The natural gas is available at site and all infrastructure also is included

6. Annual Capacity: 500MW

Project status

local / internal raw material access average is …… %100 LOCAL

8. Sale:

anticipated sell in foreign markets….% %100 Sale to iralco

9. Construction period: 36 months

10. project Status :

- feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- partnership agreement concluded with local/foreign investor?

- financing agreement concluded?

- agreement with local / foreign contractor concluded?

- infrastuctural utilities (electricity,equipment,as well as seller,/ builder companies defined?

- list of know-how, machinrey, equipment, as well as seller/ builder companies defined?

- purchase agreement for machinery, equipments and know-how concluded?

Yes √

Yes √

Yes

Yes

Yes

Yes

Yes √

Yes

Yes

No

No

No √

No √

No √

No √

No

No √

No √

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Iralco combined cycle power planet

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment - - - 300 300

- value of foreign equipment / machinery: 221 million dollar USD

- value of local equipment / machinery: -

- value of foreign technical know-how: 29 million euoro

- value of local technical know-how: -

- net present value (NPV) : 3/6 million Euro

- internal rate of return (IRR): 32/12 %

- pay back period (PP): 6 Year

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. Company/person Profile:

- Name (Legal / Natural Persons): MAJID POORATTAR managing director of the company

- Company’s Name: Iranian Aluminum company(IRALCO)

- Address : Manabe tabiee Blvd , ARAK,Iran TEHRAN: NO49,MOLLASADRA,TEHRAN

- Tel: ARAK:08632162001 TEHRAN: 02188049024 Fax: 08634130233

- E-mail: web site: www.iralco.ir

- Local Partnership: private sector: √ Government Sector: other:

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Project Introduction

1. Project Title : Aluminum smelting plant construction

2. Sector: Mining Industrial Sub Sector: Aluminum

3. Products/ Service : Aluminium ingot, billet, slab and alloys

4. Location: Free Zone Economic Special Zone √ Industrial Estate Main land

5. Project Description:

Annual capacity of phase No.1 is 300KT. The project also includes the construction of port facilities. The technology

of the plant is NEUI which helps producing high quality products by low energy consumption efficiently. The

phase no.1 will have 9 furnaces and 258 electrolysis units and anode production capacity will be 164KT per year.

The products of the smelting plant will be aluminium ingot, billet, slab and alloys. The construction phase is 41

months starting from the effective date. The project LC has been activated on 2015/01/10 and the commercial

contract effective date has been 2015/24/12. The investment cost of the project will be financed by China

Nonferrous Metal Industry’s Foreign Engineering and Construction Co (NFC), Iran’s credit line in China and the

rest will be sourced by equity.

6. Annual Capacity: (Phase 1:300KT per year)/(Complementary phases: 700KT per year)

Project status

7. Local raw material access -8. Sale:

Approximately 500 million dollars.

Anticipated export market: 60%

9. Construction Period: The construction phase is 41 months starting from the effective date. The project LC has

been activated on 10/01/2015.

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes √

Yes √

Yes √

Yes √

Yes √

Yes √

No

No

No

No

No

No

No

No

No

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Project Introduction

1. Project Title : Darezar Concentrator Project

2. Sector: Mine Sub Sector: Mineral Processing

3. Products/ Service : Copper Concentrate

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

produce copper concentrate from Darezar mine ore.

6. Annual Capacity: 150000 t/year copper concentrate

Project status

7. Local raw material access 100%

8. Sale:

Anticipated export market 100 %

9. Construction Period: 2 Years

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of know – how, machinery, equipment and know-howconcluded?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes

Yes

Yes

Yes

Yes √

Yes √

No

No

No

No √

No √

No √

No √

No

No

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Darezar Concentrator Project

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment 6,904,490 42000 164 161 325

- Value of equipment/ machinery: 157 MEuro +4480 Billion rials

- Value of technical know–how: 20 MEuro +150 Billion rials

- Net Present Value (NPV): 18,719,377 Million Rials

- Internal Rate of Return (IRR): 24.9%

- Pay Back Period: 4/6 Years

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. Company/person Profile:

- Name (Legal / Natural Persons): Moradalizadeh Ahmad

- Company’s Name: National Iranian Copper Industries Company

- Address: No 1091 Valiasr Ave,Tehran

- Tel:+98-21-8711101- 7 Fax: +98-21-8713477, 8717965

- E-mail: info@iasco.ir web site: office@nicico.com

- Local Partnership: private sector: √ Government Sector: other:

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General Information

12. Project Type: Establishment: Expansion and Completion: √

13. Company/person Profile:

- Name (Legal / Natural Persons):

- Company’s Name: South Aluminium Company (SALCO)

- Address : No. 35 .13th St., Asadabadi Av., Tehran, Iran

- Tel: +98-21-88720136 +98-21-88104495 Fax: +98-21-88720140

- E-mail: web site: www.salcocompany.com

- Local Partnership: private sector: √ Government Sector: √ other:

Aluminum smelting plant construction

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment 1,235,700 4,700 263 9,570 9,833

- Value of equipment/ machinery: 5,352 Million Yuan

- Value of technical know–how: 68 Million Yuan

- Net Present Value (NPV): 14,290,000 Million Rials (Discount rate: 12%)

- Internal Rate of Return (IRR): 16.89 %

- Pay Back Period: 8 Years

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Project Introduction

1. Project Title : Triple Super Phosphate Fertilizer (TSP)

2. Sector: Mine Sub Sector: Mineral Processing

3. Products/ Service : Triple super phosphate

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

Construction triple super phosphate fertilizer(TSP) plant to produce1,040,000 tons per year.

6. Annual Capacity: TSP fer lizer produc on on the amount of 1,040,000 tons per year

Project status

7. Local raw material access 100%

8. Sale:

Anticipated export market ........%

9. Construction Period: 3 Years

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of know – how, machinery, equipment and know-howconcluded?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

No

No √

No √

No √

No √

No √

No √

No √

No √

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Triple Super Phosphate Fertilizer (TSP)

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment 8.684.000 40000 217 - 217

- Value of equipment/ machinery: 71,336,000 $

- Value of technical know–how: 1,423,000 Million rials

- Net Present Value (NPV): 1,899,000 million rials

- Internal Rate of Return (IRR): 34.55%

- Pay Back Period: 6 Years

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. Company/person Profile:

- Name (Legal / Natural Persons): Moradalizadeh Ahmad

- Company’s Name: National Iranian Copper Industries Company

- Address: No 1091 Valiasr Ave,Tehran

- Tel:+98-21-8711101- 7 Fax: +98-21-8713477, 8717965

- E-mail: info@iasco.ir web site: office@nicico.com

- Local Partnership: private sector: √ Government Sector: other:

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Project Introduction

1. Project Title : Chahfiroozeh Copper Concentration Plant

2. Sector: Natural Resources Sub Sector: Mining

3. Products/ Service : Production of Copper Concentrate with the Grade of 25%

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

Construction of Chahfiroozeh Copper Concentration Plant Project with the capacity of 7 million tons of feed

(sulfide ore) per year with average grade of %0.4 to produce 100,000 tonnes of copper concentrates per year with

average grade of %25.

6. Annual Capacity: About 100,000 tonnes concentrate per year

Project status

7. Local raw material access 100%

8. Sale:

Anticipated export market 100%

9. Construction Period: 42 months

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of know – how, machinery, equipment and know-how concluded?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes

Yes

Yes

Yes √

Yes √

Yes √

No

No

No

No √

No √

No √

No

No

No

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Chahfiroozeh Copper Concentration Plant

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment 5,900,000 40,000 148 135 283

- Value of equipment/ machinery: 105 million euro

- Value of technical know–how: 9 million euro

- Net Present Value (NPV): 125 million Euro for first Year , %10 (Discount Rate)

- Internal Rate of Return (IRR): 15 % (at copper price of 6500 US $/ton)

- Pay Back Period: 6 Years from Start date of Plant Production (2019)

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. Company/person Profile:

- Name (Legal / Natural Persons): Elyas Irannejad (Managing Director)

- Company’s Name: Gohar Mess Mining and Industries Development Co.

Tehran Office:

- Address: No. 29, Floor 5. North Unit, 18th St. Before of Saee Park, Valiasr Ave., Tehran. Iran , Post Code:1461115118

- Tel +98-21-88718085 Fax: +98-21-88718197

- E-mail: info@iasco.ir web site: www.nicico.com

Shahr-e Babak Office:

- Address: Alley No. 7, Farabi St., Jahad Blvd, Shahr-e-Babak. Kerman, Post Code: -7751651354Iran

- Tel +98-34-34117199 Fax: +98-34-34117377

- E-mail: goharmess@gmail.com web site: www.Goharmess.ir

- Local Partnership: private sector: √ Government Sector: other:

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Project Introduction

1. Project Title : Daralou Copper Concentrator Plant

2. Sector: Copper Mine, Concentrator Plant and infrastructure Sub Sector: Extraction of non-ferrous metals

3. Products/ Service : Copper concentrate

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

Cconstruction, Commissioning and operation of Daralou Copper mine and operation of the processing plant to

produce Copper Concentrate and also construction of required infrastructures including Access Roads, Electrical

and water supply for operation period.

6. Annual Capacity: Mining capacity and plant federate are ~7 MT/A, and Plant concentrate production is ~100,000 T/A

Project status

7. Local raw material access 100 % Local

8. Sale: 100,000 ton per year copper concentrate

Anticipated export market:…… %

9. Construction Period: 4 Years

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of know – how, machinery, equipment and know-howconcluded?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes √

Yes

Yes √

Yes √

Yes √

Yes √

No

No

No

No

No √

No

No

No

No

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Daralou Copper Concentrator Plant

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment 21,013,137 40,000 525 99 672

- Value of equipment/ machinery: 140 million Euro

- Value of technical know–how:

- Net Present Value (NPV): 2,009,456 million Rials

- Internal Rate of Return (IRR): 23.3%

- Pay Back Period: 8 Years

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. Company/person Profile:

- Name (Legal / Natural Persons):

- Company’s Name: National Iranian Copper Industries Corporation

- Address: No.2161 , Valiasr Avenue , Tehran, Iran.

- Tel +98-21-8711101- 7 Fax: +98-21-8713477, 8717965

- E-mail: office@nicico.com web site: www.nicico.com

- Local Partnership: private sector: Government Sector: other:

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Project Introduction

1. Project Title : Kerman Acid Plants Construction Project

2. Sector: Mine Sub Sector: Mineral Processing

3. Products/ Service : Sulphuric Acid

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

Produce Sulphuric Acid From Smelter Gases

6. Annual Capacity: Sarcheshme: 610 000 t/a . khatoonabad: 600000t/a

Project status

7. Local raw material access 100 % Local

8. Sale:

Anticipated export market:…… %

9. Construction Period: 30 months

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of know – how, machinery, equipment and know-howconcluded?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes

Yes

Yes √

Yes √

Yes √

Yes √

No

No

No

No √

No √

No

No

No

No

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Kerman Acid Plants Construction Project

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment 7,634,998,59 42000 182 - 182

- Value of equipment/ machinery: 86.74 MEuro+2 Million Rials

- Value of technical know–how: 3.9 MEuro+109 Million Rials

- Net Present Value (NPV):

- Internal Rate of Return (IRR): 18.71%

- Pay Back Period: 7.71 years

General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. Company/person Profile:

- Name (Legal / Natural Persons): Moradalizadeh Ahmad

- Company’s Name: National Iranian Copper Industries Company

- Address: No 6121 Valiasr Ave,Tehran

- Tel +98-21-8711101- 7 Fax: +98-21-8717965

- E-mail: office@nicico.com web site:

- Local Partnership: private sector: Government Sector: other:

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Project Introduction

1. Project Title : Behabad Pelletizing Plant

2. Sector: Mining Sub Sector: Mining Industry

3. Products/ Service : Iron Ore Pellet

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

Considering the Constant and long lasting presence and attendance of the reputable shareholders of this company

(Including: Chadormalu mining & industry company, Ghadir Investment Company, Ghadir Industries & Mines

Development International Company and Iran Alloy Steel Co.) in inuestment, construction and development of

mining and industry, the shareholders of this company decided to establish a 3.4 MTPY (expandable to 5 MTPY)

Pelletizing Plant.

6. Annual Capacity: 3.4 MTPY (expandable to 5 MTPY)

Project status

7. Local raw material access 100% Local

Supplying Iron Ore concentrate mostly from Chadormalu Co. and blending with other local concentrate producers

8. Sale:

Anticipated export market: 50%

Domestic market: 50%

9. Construction Period: 3.5 years

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of Know–how, machinery, equipments, as well as seller/ builder companies defined?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes

Yes

Yes √

Yes √

Yes √

Yes

No

No

No

No √

No √

No

No

No

No √

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General Information

12. Project Type: Establishment: √ Expansion and Completion:

13. Company/person Profile:

- Name (Legal / Natural Persons):

- Company’s Name: Iranian Ghadir Iron & Steel Company

- Address :

- Tel: +98-21-88505188 Fax: +98-21-88505189

- E-mail: web site: www.igisco.com

- Local Partnership: private sector: √ Government Sector: other:

Behabad Pelletizing Plant

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment 5,646,000 37096 152 - 152

- Value of equipment/ machinery: 75,000,000 €

- Value of technical know–how: 32,000,000 €

- Net Present Value (NPV): 2680 billion rials (20%)

- Internal Rate of Return (IRR): 32.93%

- Pay Back Period: 5.8 years (including the construction period)

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Project Introduction

1. Project Title: GAMBRON Iron Melting Complex

2. Sector: Mining Industry Sub Sector: Steel

3. Products/ Service : LIGHT STEEL SECTION

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

Production of iron ore concentrate

Iron ore pellets

Direct Reduced Iron

Steel billet

Light steel sections

With a capacity of 1.5 million tons per year

6. Annual Capacity: 1.5 million tons per year

Project status

7. Local raw material access %

8. Sale:

Anticipated export market …..50….%

9. Construction Period: 3 Years

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of know – how, machinery, equipment and know-how concluded?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes

Yes

Yes √

Yes √

Yes

Yes

No

No

No

No √

No √

No

No

No √

No √

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GAMBRON Iron Melting Complex

11. Financial Table

Description

Local Currency Required ForeignCurrencyRequired

Million Euro

Total MillionEuro

Million Rials RateEquivalentin million

Euro

Total investment 25,000,000 38207 655 179 834

- Value of equipment/ machinery: 400 Million Dollars

- Value of technical know–how: 20 Million Dollars

- Net Present Value (NPV): 300 Billion Dollars

- Internal Rate of Return (IRR): 28%

- Pay Back Period: 3 Years

General Information

12. Project Type: CAUSE Establishment: Expansion and Completion:

13. Company/person Profile:

- Name (Legal / Natural Persons):

- Company’s Name: GAMBRON IRON MELTING COMPLEX

- Address: HEAD OFFICE: UNIT 6, NO.22, BEYHAGHI BLVE., ARJANTIN SQ

- Tel +93 613 2908000-15 Fax: +93 613 2908080-2

- E-mail: INFO@GAMBRONCOMPLEX.COM web site: WWW.GAMBRONCOMPLEX.COM

- Local Partnership: private sector: Government Sector: other:

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Project Introduction

1. Project Title: Rebar Rolling mill plant

2. Sector: Mining Industrial Sub Sector: Steel

3. Products/ Service : Rebar& Round& Wire rod steel mill Φ40-8 mm

4. Location: Free Zone Economic Special Zone Industrial Estate Main land √

5. Project Description:

The new rebar& Round& wire rolling mill plant capacity shall be 450.000 t/w, from one of the best supplier(Danieli

Italy), The main input of Raw material will be supplied by VianSteel Co. itself, with Billet size 150 * 150mm. Basic

needs such as water-gas-electricity already considered in the original design of Steel plant, and is available

6. Annual Capacity: 450.000 t/a

Project status

7. Local raw material access 100 %

8. Sale:

Anticipated export market ....%.

9. Construction Period: 20 months

10. project Status :

- Feasibility study available?

- Required land provided?

- Legal permissions (establishment license, foreign currency quota environment, etc.) taken?

- Partnership agreement concluded with local / foreign investor?

- Financing agreement concluded?

- Agreement with local / foreign contractor (s) concluded?

- Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured?

- List of know – how, machinery, equipment and know-how concluded?

- Purchase agreement for machinery, equipments and know–how concluded?

Yes √

Yes √

Yes √

Yes √

Yes √

Yes √

Yes √

Yes √

Yes √

No

No

No

No

No

No

No

No

No

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Rebar Rolling mill plant

11. Financial Table

Description

Local Currency Required Foreign Currency Required

Million dollar

Total MillionEuro

Million Rials RateEquivalent in million

Euro

Total Investment 2/477/263 35000 71 84.151.901 284,965,000

- Value of equipment/ machinery: 39,000.000 € (external)+ 140,000.000.000 Rials

- Value of technical know–how: 50.000 € (external) Steel Str. Internal (3000 tons)

- Net Present Value (NPV):

- Internal Rate of Return (IRR): 4 %.

- Pay Back Period:

General Information

12. Project Type: CAUSE Establishment: Expansion and Completion: √

13. Company/person Profile: Vian Steel Complex with nominal capacity 550.000 t/a Steel Billet construction Steel

- Name (Legal / Natural Persons):

- Company’s Name: Vian Steel Complex

- Address: No.16 , Esfandiar Blvd, Vali-e-Asr Ave, Tehran

- Tel 021-88884352-5 Fax: 021-88798927

- E-mail: info@viansteel.com web site: www.viansteel.com

- Local Partnership: private sector: √ Government Sector: other:

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