Tehran- Sadr Tamin Investment Company and Dalahoo International Steel Trading Company signed a memorandum of understanding to cooperate in the field of contracting, exploitation, clearing, transfer, purchase, further participation of companies and investment in the mining sector, plans and projects in the field of mining and mining industries belonging to both parties, as well as improving the mining activities.

A representative of the southeastern city of Baft in the parliament, the managing director of Iran Steel Pensioners Fund, and CEOs of Sadr Tamin Investment Company and Dalahoo International Steel Trading Company were present at the ceremony to sign the MoU, which took place on Sunday, October 1, TASSICO’s news website reported.

Samadollah Mohammadi, Baft’s representative in the parliament, said that not much attention was paid to investing in Esfandagheh mines in the southeastern province of Kerman in the past. He added that it was hoped that the implementation of this memorandum would bring about positive outcomes for the people of Erzuiye in Kerman province and also for the fund due to the determination of the Minister of Cooperation, Labor and Social Welfare and the CEO of Iran Steel Pensioners Fund.

Amir-Hossein Naderi, the CEO of Sadr Tamin Holding, appreciated the efforts of the steel fund and the Dalahoo company and thanked Mr [Hojjat] Kazemi (CEO of Iran Steel Pensioners Fund) for his determination to increase synergy and cooperation between the steel fund and TASSICO.

 “We hope this memorandum will be a positive step towards [improving the condition of] retirees and the development of mines,” Naderi noted. 

Seyyed Hojjat Kazemi, CEO of Iran Steel Pensioners Fund, hoped that the MoU would open doors for expanding cooperation between the two parties.

“Under the MoU, we can press on with many projects of the fund’s subsidiary companies, such as Iran Central Iron Ore Company, Kerman Coal Mines Company and Esfandagheh [mines],” he explained. “Of course, our main goal is to implement the 20,000-ton ferrochrome project in Erzuiye now,” Kazemi stressed.

He noted that all the permits had been obtained from the higher authorities, especially the “honorable board of trustees”, to start the project so that the people of Arzuiyeh and all the dear retirees would benefit from its fruits.

Kazemi believed that given that Iran Steel Pensioners Fund and Sadr Tamin Investment Company were affiliated with the Ministry of Cooperation, Labor, and Social Welfare, the interaction and cooperation between the two parties would lead to positive results.

At the end of the meeting, Nooshadi, acting head of Dalahoo International Steel Trading Company and deputy managing director of the Iran Steel Pensioners Fund for economy and planning affairs, briefed the participants on the process of preparing the memorandum of understanding with TASSICO. He said the company was fully prepared for the implementation of the provisions of the MoU, hoping that the goals set by the parties would be fully realized.