Also Known As:
Novin Khara Mineral Mining Extraction Company
A mineral and mining exploration and engineering company affiliated with the Atomic Energy Organization of Iran (AEOI).
Has worked with the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) on field inspections to identify potential areas suitable for mining.
As part of the re-imposition of U.S. sanctions on Iran, added on November 5, 2018 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13599, which targets entities controlled by the Government of Iran and Iranian financial institutions; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions.