Arab Finance: Company announced Iron and Steel for Mines and Quarries (ISMQ)On the results of its operations for the financial period ending in 30/09/2024Which showed achieving a net profit of 23.7 million pounds compared to 28.3 million pounds, while current activity revenues amounted to 84 million pounds.
The Iron and Steel Company for Mines and Quarries is an Egyptian joint stock company with a legal status affiliated with the Holding Company for Mineral Industries – Ministry of Public Business Sector, for the purpose of extracting and exploiting iron ore and all other mineral ores and quarry ores and trading in them internally and externally and conducting economic feasibility studies for mineral ores in research areas and mining projects inside Egypt. And outside of it, in addition to exploiting the company’s operating areas commercially, industrially, agriculturally, and touristically, with the intention of making a profit.
The Iron and Steel Company for Mines and Quarries works in the fields of geological exploration and optimal mining investment for various mining and quarry ores for the company’s current concession areas and other new areas. The company also explores and exploits other ores in new discoveries, improves their specifications, prepares economic feasibility studies, and trades them through new mining projects at the local or regional level, either alone or in partnership with relevant local or international institutions and companies.
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