Chadormalu Mining and Industrial Company
Encyclopedia
Chadormalu Mining and Industrial Company (CMIC) was established in June 1992 in Tehran
, Iran
.
CMIC is the main iron ore concentrate producer by direct reduction
in the Middle East
with 7 million ton/year and produces up to 1,000,000 ton/year of crushed iron ore for blast furnace
s and export.
With a market capitalization
of $2 billion in 2007, CMIC is one of the largest companies listed on the Tehran Stock Exchange
.
CMIC has been awarded ISO 9000/14001 and OHSAS 18001 certificates.
Tehran
Tehran , sometimes spelled Teheran, is the capital of Iran and Tehran Province. With an estimated population of 8,429,807; it is also Iran's largest urban area and city, one of the largest cities in Western Asia, and is the world's 19th largest city.In the 20th century, Tehran was subject to...
, Iran
Iran
Iran , officially the Islamic Republic of Iran , is a country in Southern and Western Asia. The name "Iran" has been in use natively since the Sassanian era and came into use internationally in 1935, before which the country was known to the Western world as Persia...
.
CMIC is the main iron ore concentrate producer by direct reduction
Direct reduced iron
Direct-reduced iron , also called sponge iron, is produced from direct reduction of iron ore by a reducing gas produced from natural gas or coal. The reducing gas is a mixture majority of hydrogen and carbon monoxide which acts as reducing agent...
in the Middle East
Middle East
The Middle East is a region that encompasses Western Asia and Northern Africa. It is often used as a synonym for Near East, in opposition to Far East...
with 7 million ton/year and produces up to 1,000,000 ton/year of crushed iron ore for blast furnace
Blast furnace
A blast furnace is a type of metallurgical furnace used for smelting to produce industrial metals, generally iron.In a blast furnace, fuel and ore and flux are continuously supplied through the top of the furnace, while air is blown into the bottom of the chamber, so that the chemical reactions...
s and export.
With a market capitalization
Market capitalization
Market capitalization is a measurement of the value of the ownership interest that shareholders hold in a business enterprise. It is equal to the share price times the number of shares outstanding of a publicly traded company...
of $2 billion in 2007, CMIC is one of the largest companies listed on the Tehran Stock Exchange
Tehran Stock Exchange
The Tehran Stock Exchange is Iran's largest stock exchange, which first opened in 1967. The TSE is based in Tehran. As of July 2010, 337 companies with a market capitalization of US$72 billion were listed on TSE...
.
CMIC has been awarded ISO 9000/14001 and OHSAS 18001 certificates.