Gol Gohar Mining and Industrial Company
Gol Gohar Mining and Industrial Company is a public Iranian iron ore mining and processing company founded in 1991 and listed on the Tehran Stock Exchange since 2004. Based in Sirjan, Kerman Province, it is associated with the Gol Gohar mine and produces iron ore concentrate, pellets, DRI and semi-finished casting products. Its US OFAC SDN listing is a material constraint for cross-border commercial activity.
Operations & footprint
Products and services
Iron ore extraction and processing into iron ore concentrate, pellets, direct reduced iron (DRI), and semi-finished casting products.
Operations and assets
The Gol Gohar iron ore mine is about 55 km southwest of Sirjan. The deposits are reported to comprise six separate areas spanning approximately 10 km by 4 km. Historical mine figures cite reserves of 1.135 billion tonnes in the early to mid-2000s and iron ore output of about 11 million tonnes in 2006; these figures should not be treated as current.
Geographic footprint
Operations are associated with the Gol Gohar mine in Kerman Province, approximately 55 km southwest of Sirjan.
Ownership & group structure
Ownership
Omid Investment Group, described in the supplied evidence as affiliated with Bank Sepah. Ownership percentages were not provided.
Commercial and investment relevance
Gol Gohar is relevant because it links Kerman’s mineral base to Iran’s steel value chain, industrial logistics, export exposure, energy use, and water constraints. For Hormuz, it should connect Kerman, Mining & Metals, Manufacturing, Trade & Transit, Power Shortage, Water Scarcity, Logistics Gap, and Currency Volatility. Gol Gohar connects mineral extraction with pellet, DRI and semi-finished steel inputs, making it relevant to buyers and suppliers in Iran’s domestic iron and steel chain. Its exchange listing may also be relevant to market participants assessing public disclosures and Iranian capital-market exposure.
Constraints, risk & compliance
Key risks and constraints
Material risk factors include sanctions compliance and the absence of verified current production and capacity data in the supplied evidence.
Sanctions and compliance considerations
The company is listed on the US OFAC Specially Designated Nationals (SDN) List and was sanctioned by the US Treasury Department in 2020. The supplied evidence also identifies exposure to US secondary sanctions and listings on the US Trade Consolidated Screening List, US SAM Procurement Exclusions and Taiwan’s Strategic High-Tech Commodities Entity List. Counterparties should obtain specialist legal and compliance advice before any engagement.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What does Gol Gohar Mining and Industrial Company produce?
It extracts iron ore and processes it into iron ore concentrate, pellets, direct reduced iron (DRI) and semi-finished casting products.
Where are Gol Gohar’s operations located?
The company is based in Sirjan, Kerman Province. The Gol Gohar iron ore mine is reported to be about 55 km southwest of Sirjan.
Is Gol Gohar Mining and Industrial Company publicly listed?
Yes. The supplied evidence states that it has been listed on the Tehran Stock Exchange since 2004 under TSE: GOLG1.
What sanctions considerations apply to Gol Gohar?
The company is listed on the US OFAC SDN List, with further sanctions-related listings identified in the supplied evidence. Any prospective transaction requires specialist legal and compliance review.