Gohar Zamin Iron Ore Company
Gohar Zamin Mining and Industrial Company is a publicly listed Iranian iron ore miner and processor operating at the Gol-e-Gohar complex near Sirjan, Kerman Province. Trading as KGOHAR on Iran Fara Bourse, it produces concentrate, pellets and graded ore for domestic steelmakers, with surplus export capacity and a developing DRI plant extending its role in the steel value chain.
Market position
Gohar Zamin operates Anomaly No. 3, the largest iron ore reserve block in the Gol-e-Gohar mining zone, and ranks among Iran’s three largest upstream producers of iron ore concentrate and pellets.
Operations & footprint
Products and services
Gohar Zamin Iron Ore Company mines and processes iron ore in the Gol Gohar mineral zone near Sirjan, producing iron ore, crushed ore, concentrate, pellets, and related mining and mineral-processing outputs. Its activity includes open-pit mining, crushing, beneficiation, concentrate production, pelletizing, mine infrastructure, waste stripping, industrial services, and supply of iron ore inputs to Iran's steel value chain.
Operations and assets
The company operates open-pit mining assets at Anomaly No. 3 in Gol-e-Gohar, with estimated iron ore reserves of about 640 million tonnes. Its processing base comprises three concentrate lines with combined design capacity of 6.0 million tonnes a year and a 5.0-million-tonne-a-year pellet plant. A 1.7-million-tonne-a-year Megamodule DRI plant was under construction or phased operationalisation as of 2024.
Geographic footprint
Mining and processing are centred on Anomaly No. 3 in the Gol-e-Gohar region, about 55 km southwest of Sirjan, Kerman Province. Rail and road links connect the operation with domestic steel hubs and Shahid Rajaee Port in Bandar Abbas. The company also maintains its central administrative office in Tehran.
Competitors and peer set
Golgohar Mining and Industrial Co.; Chadormalu Mining and Industrial Co.; Central Iron Ore Co. of Iran; Sangan Iron Ore Complex.
Ownership & group structure
Ownership
Major shareholders include Golgohar Mining and Industrial Co. (approximately 28.37%), Omid Investment Management Group Co., a Bank Sepah affiliate (approximately 26.16%), Ghadir Investment Co., a MODAFL/Armed Forces Social Security affiliate (approximately 21.28%), and Mining and Metals Development Investment Co. (approximately 19.12%).
Subsidiaries and group companies
Participates in regional infrastructure consortia, including the Persian Gulf Water Transfer Company (WASCO) for industrial desalination and water transport.
Reported scale
Employees: 1,000–5,000 direct employees, alongside several thousand contractor personnel. Scale note: Annual revenue is generated predominantly through domestic Iran Mercantile Exchange sales of concentrate and pellets, supplemented by spot exports.
Commercial and investment relevance
Gohar Zamin is relevant for investors assessing Iran's iron-ore supply, pellet and concentrate capacity, listed mining exposure, Kerman's mineral corridor, steel feedstock security, water constraints, energy costs, and export competitiveness in mining and metals. It can support analysis of how ore grade, processing capacity, transport links, water supply, tailings management, domestic steel demand, and commodity prices affect mining economics. Due diligence should review updated Codal disclosures, IFB trading status, ownership, reserves and resource statements, concentrate and pellet capacity, production utilization, sales mix, export destinations, water and power supply, environmental permits, mine-life assumptions, logistics contracts, and exposure to sanctions or restrictions on mining equipment and steel trade. Gohar Zamin is an upstream feedstock supplier to Iranian steelmakers including Mobarakeh Steel, Khouzestan Steel, Esfahan Steel and Hormozgan Steel. Concentrate and pellet sales are principally conducted through the Iran Mercantile Exchange, while surplus output can support export transactions.
Constraints, risk & compliance
Key risks and constraints
Operations in the Sirjan mining belt depend on desalinated and transferred water supplies. Electricity curtailments, gas-allocation cuts, rail bottlenecks and the mine’s high waste-to-ore ratio can constrain production, processing economics and delivery performance.
Sanctions and compliance considerations
The company operates in Iran’s iron and steel sector, which is subject to US sectoral sanctions under Executive Order 13871. Its shareholder base also includes entities associated with Bank Sepah and MODAFL-linked investment interests, requiring counterparty and ownership screening for cross-border transactions.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What does Gohar Zamin Mining and Industrial Company produce?
The company mines iron ore and produces graded ore, iron ore concentrate, pellets and sponge iron/direct-reduced iron.
Where are Gohar Zamin’s main operations?
Its mining and processing operations are at Anomaly No. 3 in the Gol-e-Gohar region near Sirjan, Kerman Province, with an administrative office in Tehran.
Is Gohar Zamin a listed company?
Yes. Its shares trade on Iran Fara Bourse’s Second Market under the ticker KGOHAR (کگهر).
What are Gohar Zamin’s main operating constraints?
Material constraints include water dependence in the Sirjan mining belt, electricity and gas supply interruptions, rail bottlenecks and a high waste-to-ore ratio.