In line with increasing investment in the mining and mineral industries sector and implementing macro policies of the Resistance Economy, including production, employment, economic empowerment, and utilizing territorial capacities and potentials, as well as enhancing and completing value chains, a cooperation and partnership memorandum of understanding (MoU) was signed between the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and Saderat Investment Holding.
This MoU was signed on Sunday, November 18, 2024, in the presence of Mohammad Aghajonlou, Chairman of the Board of IMIDRO, and Amirhossein Naderi, CEO of Saderat Investment Holding.
The cooperation and partnership between IMIDRO and Saderat Investment Holding (TASICO) in the development of coal mines owned by the holding aims to create large and economically viable mines. The collaboration focuses on the development of coal applications, especially for synthetic gas production and electricity generation, as well as the supply of raw materials for TASICO through the transfer of thermal coal mines.
Additionally, the agreement involves the transfer of exploration areas under IMIDRO’s control for the development of exploration, extraction, and processing of base metals, rare and valuable elements for Saderat Investment. Other aspects covered in the memorandum include the update of the country’s coal master plan, leveraging the capabilities of both parties in exploration, extraction, and mineral processing both domestically and internationally, as well as cooperation and investment in mining and mineral industry projects both inside and outside of the country.
Saderat Investment Holding (TASICO) is the mining holding of the Shasta Group, which operates in four main sectors: gold and precious metals, copper and copper alloys, coal and the coal chain, and salts and metallic ions. TASICO focuses on completing the value chain in these areas. In the past two and a half years, TASICO has made a serious entry into the gold sector by simultaneously constructing two gold extraction plants in the provinces of Sistan and Baluchestan and Kurdistan, which will significantly increase the country's gold production..