In the Name of God the Compassionate the Merciful

 Table of Contents

A)      Introduction

B)      Structure of Company

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1-       Introduction of Company

1 – 1 – History of Establishment

1 – 2 – Scope of Activity

1 – 3 – Shareholders

1 – 4 – Managers and Board of Directors of Company

1 – 5 – Central Office and Branches of Company

2-       Facilities and Scopes of Activity

2 – 1 – Producing Centers

2 – 2 – Fixed Assets

2 – 3 – Mines and Deposits

2 – 4 – Products

2 – 5 - Production Capacity (Nominal and Real)

2 – 6 – Production Process

2 – 7 – Products' Market and Rivals

C) Performance of Company in Recent Three Years

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3 – Production and Sales

3 – 1- Actual Production

3 – 2 – Sales (Domestic – Export)

3 – 3 – The Way of Pricing and Sales of Products

4- Financial Information and Data

4 – 1 – Fundamental Financial Statements

4 – 1 – 1 – Profit cum Loss Account in recent three years

4 – 1 – 2 – Balance sheet in recent three years

4 – 2 – Combination of cost price of products in recent three years

5 – Procurement of Raw Materials

5 – 1 – Raw materials and procurement resources

5 – 2 – Changes in price of raw materials

6- Situation of Manpower and Training

6 – 1 –Combination and structure of manpower

6 – 2 – Training

D) Future Programs

7 – 1 – Expansion and development projects for first phase

7 – 2 – Expansion and development projects for second phase

E) Noticeable and Remarkable Points

8 – Noticeable points at the time of envisioning

8 – 1- Legal claims and complaints against and/or pro the company

8 – 2 – Important points on report of auditor and legal inspector of company

8 – 3 – Important incidents (chronology) after balance sheet formulation date

F) Other Information and Data   

A)      Introduction

As of Oct. 11, 2006, Name of the National Iranian Copper Industries Company (NICICO), as 434^th company accepted in group of "Manufacturing Fundamental Pricy Metals and Non-Ferrous Metals", has been registered and envisioned at the side panel of Tehran Stock Exchange (TSE) with coded 27 – 20 – 11 and symbol of "Femeli".

It should be mentioned that stocks of this company were transacted at Tehran Stock Exchange (TSE) on Feb. 4, 2007.

B)      Structure of Company

1 – Introduction of Company   

1 – 1 – History of Establishment  

"Kerman Sarcheshmeh Copper Mines Company (P.J.S)" was set up by the government of the Islamic Republic of Iran in 1351 (1972). On August 29, 1972, the company was registered under number 15957 at Tehran Province Industrial Ownership and Companies' Registration Department. In the year 1976 upon revising company's establishment law and adopting changes on some cases of its articles of association, the name of company was renamed to the National Iranian Copper Industries Company (NICICO). In the same direction, Central Office of the company was relocated to Kerman Province (65^th Km of Rafsanjan, Location of company). Following this change, the aforementioned company was registered under number 2430 at Kerman Province Non-Trade Institutes and Companies' Registration Department on March 10, 1992. Exploitation from mines of company started in 1361 (1983). In the year 2002 upon setting up Iran Mines and Minerals Industries Development and Renovation Organization (IMIDRO), the National Iranian Copper Industries Company (NICICO) was introduced as one of the major and main companies of the organization.

By virtue of proceeding of the Extraordinary General assembly of shareholders dated Dec. 30, 2004, entity of the company was turned from Private Joint Stock (Pvt.J.S) to Public Joint Stock Company (P.J.S) and following Number 32/69596, this company was registered on March 18, 2005 at Companies' Registration Department General. It should be mentioned that this subject has been advertised and archived in the official gazette of the Islamic Republic of Iran on April 17, 2005.

1 – 2 – Scope of Activity of Company  

Scope of activity of company, according to Article 2 of its articles of association, includes as follows:

"Exploration, exploitation, and extraction from mines of Iran's copper mines, production of high-purity copper ore and copper metal products, distribution and selling high-purity products of copper ore and copper metal, distributing and selling products both inside and outside the country (whether domestic or foreign), participating in investment-prone projects pertinent to the copper industries, as well as conducting all operations and financial, trade, industrial mineral and service transactions directly and/or indirectly, performing all operations pertinent to all and/or each of subjects as mentioned in above both inside and outside the country, etc.

1 – 3 – Shareholders

 The government of the Islamic Republic of Iran is considered as the first and initial founder of the National Iranian Copper Industries Company (NICICO). The changes of capital of the company, since its establishment, will be as the following table:

(Amount in million rials)

Presently, registered capital of the company stands at 5, 789, 644/6 million rials, divided into 5, 789, 644, 600, 000 stocks, each worth 1,000 rials.

Hereunder is considered as ten (10) major shareholders of the company:

1 – 4 – Managers

The information pertinent to the members of the Board of Directors and managing director of the company is as follows:

1 – 6 – Central Office and Branches of NICICO:

The Central Office of the company is located at: No. 1091, Near Saei Park, Vali-e Asr Ave., Tehran – IRAN . It should be mentioned that the aforementioned company has not any other branches.

Hereunder are considered as information pertinent to land area, and built-up area and buildings of the company: