Iran Mineral Processing Company
Iran Mineral Processing Company is a Tehran Stock Exchange-listed zinc producer headquartered in Angooran, Zanjan Province. Known as Faravar and controlled by Iran Zinc Mines Development Company, it produces zinc ingots through hydrometallurgy and exports part of its output. The company is relevant to buyers and suppliers active in Iran’s zinc chain and to investors assessing export-linked non-ferrous metals exposure.
Operations & footprint
Products and services
Iran Mineral Processing Company is associated with mineral processing, zinc and lead value chains, concentrate processing, metal products, and commodity-linked industrial materials. Its activity connects Zanjan’s mining and metals base, mineral feedstock supply, processing technology, export-sensitive non-ferrous metals, environmental obligations, and downstream industrial users.
Operations and assets
The company operates hydrometallurgical zinc ingot production in Angooran, Zanjan Province. Its initial production capacity was 10,000 tonnes per year in 1994.
Geographic footprint
Operations are based in Angooran, Zanjan Province, Iran, with product exports extending its commercial reach beyond the domestic market.
Ownership & group structure
Ownership
Iran Zinc Mines Development Company held 51.850% in 2023. Armed Forces Social Security Investment Company (SATS) held 15.380%, and Omid Tose'e Mutual Investment Fund held 1.770%.
Parent company
Iran Zinc Mines Development Company was the majority shareholder, with a 51.850% stake in 2023.
Reported scale
Scale note: In an unspecified 11-month Iranian-year period, exports of zinc ingots accounted for 62.4% of operational revenue.
Commercial and investment relevance
In the Hormuz investment graph, Iran Mineral Processing Company connects mining inputs, mineral-processing capacity, zinc and lead value chains, commodity exchange exposure, export-sensitive materials, and Zanjan’s industrial cluster. It is useful for screening non-ferrous metals suppliers, processing bottlenecks, environmental-risk exposure, downstream industrial demand, and opportunities in mineral upgrading. Foreign-facing analysis should verify product mix, plant locations, feedstock sources, export activity, disclosure quality, environmental obligations, sanctions exposure, and counterparty reliability before commercial use. The company is a potential counterparty for zinc concentrate and other feedstock suppliers, zinc ingot buyers and logistics providers serving export flows. Its Zanjan location places it within one of Iran’s principal lead-and-zinc industrial areas.
Constraints, risk & compliance
Key risks and constraints
Operating exposure centres on reliable zinc-bearing feedstock supply, hydrometallurgical plant performance and the ability to sustain export sales. Product concentration in zinc ingots also links earnings closely to zinc-market conditions.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What does Iran Mineral Processing Company produce?
The company produces zinc ingots using a hydrometallurgical process.
Is Iran Mineral Processing Company publicly listed?
Yes. It has been listed on the Tehran Stock Exchange since 2002 under the symbol FRVR (فرآور), commonly known as Faravar.
Where does Faravar operate?
The company is headquartered and operates in Angooran, Zanjan Province, Iran.
Who controls Iran Mineral Processing Company?
Iran Zinc Mines Development Company held a 51.850% stake in 2023.