Chadormalu Mining and Industrial Company [SEP] inception
Chadormalu Mining and Industrial Company
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 furnaces 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 9001
Chadormalu
Chadormalu () is an iron ore mine in the Yazd Province of Central Iran with an adjacent settlement and administration complex belonging to Chadormalu Mining and Industrial Company.
The mine is situated in an otherwise uninhabited stretch of the Dasht-e Kavir desert about 180 km northeast of Yazd and 300 km south of Tabas about 40 km off the Yazd - Tabas road.
The ore deposits at Chadormalu were discovered in 1940 and construction of the mine complex began in 1994. Production was started in 1999.