Tehran- Senior managers took part in a meeting on Tuesday, July 11 to measure the performance of Kurdistan Gold Mines Development Company.

Sadr Tamin Investment Company (also known by its Persian acronym TASSICO) hosted the meeting, which was attended by Ali Mahmoudi, an executive board member, Seyyed Mohammad-Saber Parvaresh, deputy TASSICO chief for companies’ affairs, Mohammad-Reza Rezvanianzadeh, deputy TASSICO chief for plans and projects, Meghdad Majdi, chief executive of Kurdistan Gold Company and other senior managers and directors, TASSICO’s website reported.

Majdi briefed the senior managers, who were meeting at TASSICO’s Conference Hall, on the performance of the Kurdistan Gold Company over the first quarter (March 21-June 21, 2023) of the Iranian year to March 19, 2024. 

The first three months of this year, Majdi said, was a relatively successful one in terms of implementation of those projects, which were targeted by the company’s managers at the end of the last Iranian year to March 2023.

The managing director of the company explained that two agreements, with a value of 300bn rials, were signed with Sadr Tamin Exploration and Drilling Company to have synergies with other subsidiaries of the holding (TASSICO).

“Sadr Tamin Exploration and Drilling Company started earlier this month the 10,000-meter drilling operation in Qolqoleh gold mine in Saqqez,” Majdi noted, adding that a two-stage tendering was held to select a qualified contractor for the exploration activities. “We are hopeful the contractor will be chosen and stationed at the site within the next two months,” he said.

The chief executive noted that the operation to extract gold from the gold deposit in Saqqez was underway, pledging a major progress in the coming months due to recent measures taken by the technical team of the company and adopting strategies that had been envisaged in the agreement signed with engineering, procurement and construction contractor of the gold processing unit.

Majdi stressed that acceleration of the process to build up the gold processing unit and development of gold exploration operations in the Qolqoleh gold mine to increase reservoirs had been on the agenda of the company to stick with orders by the managing director of TASSICO to “pay special attention to gold projects”.

Measures were also conducted to add adjacent mine lands to the overall mines of the company, he said.

The participants thanked senior managers of Kurdistan Gold Mines Development Company for their performance, expressing support to execute gold development projects to help secure interests of shareholders and other related bodies in the holding of TASSICO.

 

Established in 2013, Kurdistan Gold Mines Development Company has a capital of 100bn rials now. The company was founded to extract gold from mines in Saqqez in the western province of Kurdistan. The company is missioned to sustainably explore, extract, and process metallic and non-metallic minerals, especially precious metals.