Tehran- Managing director of Sadr Tamin Investment Company and a delegation of senior managers paid a visit to gold mines in western province of Kurdistan on June 1. 

Amir-Hossein Naderi, chief executive of Sadr Tamin Investment Company (known by its stock ticker name TASSICO), visited Saqqez gold processing plant and Qolqoleh gold mine in the province to assess closely the production capacity and job-generation potential of these industrial and mines development projects.

Naderi began his Kurdistan trip by paying a visit to the family of the first Sunni martyr of Bukan who defended holy shrines in Iraq and Syria, public relations of Kurdistan Gold Mines Development Company reported.

Paying a tribute to the martyr and expressing gratitude to his family, Naderi said, “We must appreciate holy shrines’ martyred defenders because we owe our honor and dignity to those who sacrificed their lives for high human aspirations and revolution ideals.”

Deputy chairman of the board of directors of Sadr Tamin Investment Company insisted on accelerating executive operations to build Saqqez gold processing plant to make gold bars from Qolqoleh gold mine as he visited the project.

Meanwhile, Meghdad Majdi, managing director of Kurdistan Gold Mines Development Company, briefed the visiting delegation on capacities of the gold mine development to generate job and have gold production in one of the country’s less-developed regions.

“Key projects have been launched by the company in the exploration, extraction and processing sectors since 1401 (the Iranian year to March 2023) thanks to efforts made by experts, engineers and workers of the complex,” Majdi said, promising, “Saqqez gold bar factory will be inaugurated before the end of 1403 (Iranian year to March 2025).”

He also said that the company was founded in Kurdistan in 2013 to explore, extract and process gold in the western areas of the country with the goal of producing over 510 kilograms of gold bars, which would account for at least 5 percent of Iran’s gold need.

Naderi thanked the executive team of Kurdistan Gold Mines Development Company during the visit to the head office of the company in the town of Saqqez, calling on senior managers to speed up projects and focus on on-the-job education, interaction with and recruit of locals based on their qualifications and outline strategic goals of the company.

He added that the first gold holding company of the country would be launched in the near future as a subsidiary of Sadr Tamin Investment Company, urging managers to put industrialized mining on the agenda to “serve for the development of Iran with love”.

Majdi thanked managing director of TASSICO and its other managers for their supports. “We pledge to exert highest efforts to complete the project in highest quality as fast as possible to take steps in developing the beloved Iran,” he promised. 

Iran International Engineering Company (IRITEC) had been the contractor of the project to build Saqqez gold processing plant with an investment by TASSICO exceeding 12.5 trillion rials, Majdi said. He added that more than 3 trillion rials would be invested in other projects of the company in exploration and extraction of mines sectors.

Overall progress of these projects was about 14 percent and 350 more people would be employed by the company once the projects completed, Majdi explained.

Deputy governor-general of Kurdistan province and governor of Saqqez, Jafar Tavan, expressed his support for investment in the province to develop its industries and mines.