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Strategic plan

Strategic plan

Vision and Mission

vision
 A leading company in the field of exploration, extraction, and processing of mineral resources in the country and a pioneer in the value chain of mining and mineral industries, especially gold, on a national scale.
missions
Creating sustainable value in the mining and mineral industries value chain by relying on the three stages of mining: exploration, extraction, and processing of mineral resources, while adhering to environmental regulations and fulfilling social responsibilities to maximize the wealth and interests of shareholders and stakeholders.
Strengths
✔ The ability, experience, and management of Sadr Tamin Investment Company as the main shareholder.
✔ Utilizing the knowledge and technical capabilities of domestic experts, especially in the Kurdistan region, to advance technical and engineering issues from the earliest stages of conceptual design to commercial operation.
✔ Significant potential mineral resources in the Kurdistan region (presence of mines with considerable reserves near the currently owned mines of the company weakness
✔ Insufficient attention to the preparation and updating of basic geological, geochemical information, and mineralization potentials in the mining areas owned by the company.
✔ The databases of existing mines are not aligned with international standards.
Small-scale projects of the company compared to similar units in the country and globally.
Opportunities
✔ Stable demand for gold in the country and region.
✔ Availability of relatively low-cost, skilled, and educated labor in the country.
✔ Access to abundant energy resources in the country.
✔ Growth potential in downstream chains such as jewelry and similar products as a demand market for the company’s main product (gold).
✔ Increasing focus on gold mining and refining industries, the emergence of multinational companies active in this field, and the possibility of establishing strategic collaborations.
 Threats
 ✔ Intensified trade sanctions and their various effects (difficulty in supplying equipment, parts, and consumables in the production line, reduced bargaining power, increased operational costs, transportation, and severe price fluctuations).
✔ Water crisis in the country and the potential reduction of available water resources in the future.
✔ Declining quality of higher education in the country, especially in technical and engineering fields related to the gold industry, and a focus on knowledge enhancement instead of skill training.
✔ The negative impact of currency stabilization policies on the company’s profit margins.
✔ Imposition of unilateral restrictions by natural resources, environmental protection, and cultural heritage organizations on mining activities in the country.
✔ Inadequate advanced technologies due to sanctions.
✔ Lack of sufficient access to banking facilities and project financing channels.

Quantitative goals within a 5-year horizon (end of 1405)

- Producing 500 kg of gold bars per year - Identifying new mineral resources and reserves in order to expand the capacity of the factory's production line - Implementing various ISO standards in all departments of the company - Achieving the National Organizational Excellence Award