Golgohar Mining and Industrial Company
Corporate brand
UnclaimedAn Iranian mining and industrial company centered on iron-ore extraction and downstream ironmaking materials.
Last updated August 31, 2026
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Overview
Golgohar Mining and Industrial Company is an Iranian mining and industrial enterprise based in Sirjan, Kerman Province. Its business is associated with the Gol Gohar iron-ore mine and with the processing of mined ore into materials used in Iran’s iron and steel value chain. The company’s activities span both primary extraction and downstream processing, including iron-ore concentrate, iron-ore pellets, direct reduced iron, and semi-finished casting products. The company was registered in 1991 at the Sirjan Registration Office under registration number 409. Its reported initial capital was 100 billion Iranian rials. After receiving an operating license in 1993, it began mining in zone No. 1 of the Gol Gohar mine in 1994. These stages established the company as an operator focused not only on mineral extraction but also on developing industrial processing capacity around the mine. A major corporate change occurred in 2003, when an ordinary general assembly approved the conversion of the enterprise from a private joint-stock company into a public joint-stock company. In 2004, its shares were admitted to the Tehran Stock Exchange under the ticker GOLG1. The listing placed Golgohar within Iran’s publicly traded mining and metals sector, although the available reference material does not provide current ownership details, market capitalization, revenue, production volumes, or shareholder composition. Operationally, the company’s stated value chain begins with the extraction of iron ore from the Gol Gohar mine. Ore is then processed in a number of industrial facilities into products at different stages of the ironmaking process. Concentrate and pellets are treated as upgraded forms of iron ore, while direct reduced iron and semi-finished casting products represent further processing toward steel production. The available material does not identify individual plant names, product brands, capacity figures, export destinations, or current production levels. In 2020, the United States Department of the Treasury sanctioned Golgohar Mining and Industrials Company as part of measures directed at Iran’s metals industries. The sanction is a significant external regulatory event affecting the company’s international operating environment, but the supplied sources do not establish its subsequent commercial consequences or whether the company’s status under the relevant sanctions programs later changed. On the available evidence, Golgohar remains an Iranian mining and industrial company whose identity is closely tied to the Gol Gohar iron-ore resource and to domestic downstream iron and steel materials.
History
Golgohar Mining and Industrial Company was registered in 1991 at the Sirjan Registration Office in Kerman Province, Iran, under registration number 409. The company was established with reported initial capital of 100 billion Iranian rials. Its formation provided an institutional structure for the development and operation of mining and related industrial activities at the Gol Gohar iron-ore resource. In 1993, Golgohar obtained an operating license. Mining operations in zone No. 1 of the Gol Gohar mine began in 1994, marking the transition from registration and licensing to active mineral extraction. The company’s business subsequently developed around a two-stage model. The first stage consisted of extracting iron ore from the mine. The second involved processing the primary ore in industrial facilities into higher-value or more production-ready materials, including iron-ore concentrate, pellets, direct reduced iron, and semi-finished casting products. The company underwent a legal and governance transformation in 2003. At an ordinary general assembly, shareholders approved changing its status from a private joint-stock company to a public joint-stock company. The following year, in 2004, its shares were listed on the Tehran Stock Exchange under the ticker GOLG1. This listing integrated Golgohar into Iran’s public capital market and reflected its development as a substantial mining and industrial enterprise rather than only a mine operator. The available historical material does not provide a detailed account of later plant expansions, management changes, production capacity, ownership structure, export activity, or financial performance. It does, however, identify a major regulatory event in 2020. The United States Department of the Treasury sanctioned Golgohar Mining and Industrials Company in the context of measures aimed at Iran’s metal industries. The supplied sources do not specify the precise designation basis, the company’s response, or the longer-term commercial effects of the action. On the documented record, Golgohar’s history is defined by the development of an Iranian iron-ore mining operation into a publicly listed industrial company with activities extending into ore beneficiation and ironmaking products.
- 2020
Sanctioned by the United States
[1]The U.S. Department of the Treasury sanctioned the company as part of measures targeting Iran’s metals industries.
- 2004
Listed on the Tehran Stock Exchange
[1]The company’s shares were listed on the Tehran Stock Exchange under the ticker GOLG1.
- 2003
Converted to a public joint-stock company
[1]An ordinary general assembly approved the conversion from a private joint-stock company to a public joint-stock company.
- 1994
Mining begins in Gol Gohar mine zone No. 1
[1]Mining operations commenced in zone No. 1 of the Gol Gohar mine.
- 1993
Operating license obtained
[1]The company obtained an operating license for its mining activities.
- 1991
Company registered in Sirjan
[1]Golgohar Mining and Industrial Company was registered at the Sirjan Registration Office under number 409, with reported initial capital of 100 billion Iranian rials.
Products and positioning
A vertically oriented Iranian iron-ore and downstream ironmaking-materials producer, combining mining with processing activities connected to the domestic steel industry.
Mining output · 1994
Iron ore
Iron ore extracted from the Gol Gohar mine is the company’s primary mineral output and the starting point for its downstream processing chain. The documented operation includes mining in zone No. 1 of the Gol Gohar mine. The available sources do not state current grades, annual production, reserves, or sales destinations.
Mineral processing
Iron ore concentrate
Iron ore concentrate is produced by processing primary ore into a more upgraded feedstock for ironmaking. It is one of the secondary products identified in the company’s operating scope. No product specifications, plant capacity, or current output figures are provided in the available reference material.
Ironmaking feedstock
Iron ore pellets
Pellets are a processed form of iron ore designed for use as an ironmaking feedstock. Golgohar’s documented industrial activities include pellet production as part of its downstream processing of mined ore. The supplied sources do not identify pellet grades, production facilities, volumes, or customers.
Reduced iron product
Direct reduced iron
Direct reduced iron is listed among the company’s processed products. It represents a further stage of iron-ore utilization beyond extraction and beneficiation and is associated with the iron and steel production chain. No technical specifications, capacity data, or individual product naming information is supplied.
Metal semifinished products
Semi-finished casting products
Semi-finished casting products are included in the company’s stated industrial activities and represent a downstream form of processing connected with metal production. The available material does not identify the specific forms, dimensions, grades, facilities, or markets associated with these products.
Brand decisions
2004
Tehran Stock Exchange listingOtherBackground
Following its conversion to a public joint-stock company in 2003, Golgohar entered Iran’s public equity market.
Action taken
The company’s shares were listed on the Tehran Stock Exchange under the ticker GOLG1.
Aftermath
The listing established a publicly traded identity for the mining and industrial company. No share price, offering size, or valuation information is available in the supplied sources.
2003
Conversion to a public joint-stock companyStrategyBackground
The company had operated as a private joint-stock company since its registration and mining development. An ordinary general assembly considered a change in its corporate form.
Action taken
The general assembly approved conversion to a public joint-stock company.
Aftermath
The conversion preceded the company’s 2004 listing on the Tehran Stock Exchange. The available sources do not provide further details about the transaction or its ownership effects.
Sources1 sources
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