Tag Archives | Mahan Industries and Mines Development Company

MACMID seeks up to $4bn for Copper, Steel Projects

A private Iranian company is seeking joint venture partners to help develop copper, steel and other projects in the country, according to report from Reuters. Managing director Ebrahim Sadeghi of Mahan Company for Mines and Industries Development (MACMID) said on Tuesday: “We are looking to bring in international partners to jointly develop local deposits … […]

Mittal signs €1bn iron deal in Iran

India’s Mittal Steel signed a €1-billion contract on Tuesday to produce iron in southern Iran. According to Press TV, the contract signed with Mahan Industries and Mines Development Company – a subsidiary of Iran’s Tourism Financial Group – envisages extracting iron and building a processing plant in the southern province of Kerman. Mahan has not specified […]