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IRAN COPPER
Concerning the distribution map of copper deposits of Iran, the following zones of copper mineralization can be delineated:
1.Orumieh-Dokhtar Zone, which is further divided into three areas viz. Southern (Kerman), Central (Anarak-Kashan) and Northern.
2.Western Alborz Zone (Taleghan-Tarom-Hashtjin belt)
3.Sabalan Zone (west of Ardebil, Ahar-Jolfa belt)
4.Kavir-Sabzevar Zone (Binaloud and Taknar areas)
5.Lut Zone
6.Makran Zone
While there are indications of copper mineralization in Iran from Upper Proterozoic to Pliocene, most of the copper deposits of the country belong to Tertiary (especially Oligocene and Miocene) time. Phases of copper mineralization in Iran can be categorized into the followings:
Upper Precambrian-Cambrian; with no major copper deposits but a few indications.
pper Paleozoic; which are in association with some of the metamorphic rocks of Late Paleozoic e.g. Taknar Series with are igneous or pyroclstic in origin.
Cretaceous-Paleocene have indications of massive sulphide reserves of copper associated with ophiolite suites.
Tertiary contains most of Iran's copper reserves which are closely related with the Neogene domal structures.
Over 500 deposits and indications of copper are known to exist in Iran but only 100 of them have been subjected to scientific survey and investigation, 10 of which are actively mined. The total reserves of the country based on the results of surveys carried out till date are estimated at around 3 billion tons of ore containing more than 30 million tons of copper. This comprises about 7 percent of the world's known reserves putting Iran in the sixth or seventh position in the world in terms of copper reserves. Nevertheless, explorations work on all the known copper indications are not yet complete and the chance of having new finds (especially of porphyry type) can not be ruled out.
Considering the geology of the copper deposits of Iran, it can be definitely stated that the amount of resources are much more than what has been discovered till date. Potentially, Iran must contain more than 10 percent of the world's copper reserves.

Tradable Contracts in IME
1- Spot Contract : In this contract, the buyer should pay the contract total price plus the broker’s fees in cash and seller must supply the traded goods to the buyer within a maximum of three days.
2- Forward Contract :In this contract, the buyer pays the contract total price at the time of transaction and seller will supply the goods on the agreed date and time.
3- Contract on Credit :In this contract, commodity is supplied to buyer immediately and its price is paid to seller on maturity date.
4- Futures Contract:In this contract, the seller commits to sell a specified amount of an underlying asset to the buyer against a specified amount of money on a specified maturity date, the seller delivers the asset at a specified maturity and the buyer pays the amount of the contract. The parties authorize the clearing house to withdraw from their collateral an amount proportional to price fluctuations and trend. Either party may, before maturity date, and through conversion of commitment, transfer its obligations to a third party, and exit of contract after settlement. All contracts shall be settled on the agreed maturity date.
5- Options Contract:This includes call option and put option.

Oil Exchange
Pursuant to the resolution of the Iranian administration on launching the oil exchange in two phases and specifying the Kish Island which is a free trade zone as the venue for trading the oil contracts the following measures have been taken:
The launching of the Phase I of the exchange for petrochemicals and downstream products of the oil industry. This phase commenced on February 19, 2007 both in Kish Island and Tehran identically and up to the moment all of the petrochemicals and some of the oil products including bitumen, naphtha and base oils have been offered and traded in the exchange. The total quantity traded within this period amounts to 7,674,860 metric tons.
The Kish trading floor with a state-of-the-art and modern premises and launched operation from December 22, 2008. Due to the rules and regulations for the free zones the international and foreign traders and businesses are free to come to do their transactions in Kish without restrictions.
Currently, the transactions of exporting commodities and contracts of IME in oil-based products and petrochemicals are executed in the Kish trading floor.