companies

Subsidiaries

Iranian Babak Copper Co.(IBCCO)

Iranian Babak Copper Co.(IBCCO)
portal Iranian Babak Copper Co.(IBCCO):
http://ibcco.midhco.com

directorate Iranian Babak Copper Co.(IBCCO)

  • Mr. Aliasghar Pourmand
  • Mr. Ali Palizdar
  • Mr. Mohammadreza Mirzaei
  • Mr. Reza Ashrafsemnani
  • Mr. Azizolah Sarchami
  • + See complete board list

Background

Iranian Babak Copper Company (IBCCO) was recently founded and registered in Tehran with the reference No. of 379679. IBCCO’s asset is 10,000,000,000 Iranian Rials. It is a subsidiary of the Middle East Mineral Industries and Mines Development Holding Company (MIDHCO). Both IBICCO and MIDHCO are 100% private companies. MIDHCO, the parent company, was established in 2007 by Passargad Bank, the largest private bank in Iran with over 6,000 shareholders. MIDHCO’s registered asset is equivalent to US$ 100,000,000 and is approved to be increased to US$ 500,000,000 by its shareholders. The company succeeded in planning and designing and investing in several industries and mine projects in the fields of copper and steel. Invested capital of these projects is estimated to be about US$ 2.5 billion among which are the two copper projects to be handled by IBCCO, namely Shahr-e-Babak hydrometallurgy plant and copper tube plant.

 

Main Objectives of IBCCO

IBCCO’s fields of activities cover a wide range from copper mine to downstream products as following:

-Field investigating and exploiting copper mines.

-Mineral processing of small and medium sized copper mine, establishment of copper plants – cathode production using both pyro- and hydro- metallurgy processes.

-Establishment of downstream copper plants such as pipe and tubes, copper wire and rods, foils, profiles, and etc.

-Import and export of materials and goods, equipment and machineries for copper projects.

-Techical supervision, management and commercial activities in the above mentioned fields.

 

Ongoing Projects:

A 50,000 tpa cathode production using bioleaching technology.
Feasibility study of this plant has been conducted and the project has been approved by the board of directors and the line of credit has been opened. The technology provider has been selected and contract has been signed. Engineering, Procurement and construction of this plant is estimated to be less than 3 years. The copper tube plant is supposed to consume 25% of cathode to be produced by this plant. Capital investment is estimated to be around US$ 120,000,000.
A 12,000 tpa copper tube production using up-cast technology.
Similarly, several options were studied and both local and regional markets were studied and copper pipes and tubes have been selected as the first products to be produced by IBCCO. Among several downstream copper factories, board of directors approved to conduct a cooper tube plant using up-cast and ASMAG equipment.  Other products will be produced in next phases. Construction time-table is two years and capital investment is estimated to be around US$ 30,000,000. Produced copper tubes will be of the best quality and up to 80% of it shall be exported to countries such as UAE, Saudi Arabia and Turkey.

 

directorate Iranian Babak Copper Co.(IBCCO)

Contacts Iranian Babak Copper Co.(IBCCO)

  • address: No.193, 3rd floor of Mana Building, Shahid Motahari Ave., Tehran, Iran.
  • tell: +98 21 88542875
  • fax: +9821 88542877
  • mail to: info@ibcco.mihco.com