KGHM POLSKA MIEDŹ S.A.
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ABOUT KGHM POLSKA MIEDŹ S.A.

KGHM Polska Miedź S.A. was established in 1961 as an industrial complex Kombinat Górniczo-Hutniczy Miedzi with its mission to explore the largest deposit of copper ore in Europe (spread over an area of 470 km2), which had been discovered in Lower Silesia four years earlier. At the end of 2011, inter alia, after investing in Canada, the Company was ranked the eighth largest producer of electrolytic copper and the largest producer of metallic silver worldwide. Due to subsequent acquisitions in 2012, the Company’s position in global rankings will be even higher.


KGHM is a modern, innovative enterprise which emphasises stability, responsibility and development of its employees and the organization. The State Treasury is the largest shareholder of the Company, holding 63 589 900 shares, which represents 31.79% of its share capital. The cutting-edge methodology of excavating and processing copper ore applied by KGHM Polska Miedź S.A., as well as its modern organization and management systems allow to produce copper and silver and other raw materials without which the development of modern technologies would have been impossible, in an environmentally-friendly manner. In accordance with the corporate slogan, KGHM Polska Miedź S.A. creates the future by producing traditional raw materials for today.


The discovery of a rich deposit of copper ore in the very heart of Europe – the largest single deposit on the entire continent, made on 23 March 1957 by Ph.D. Eng. Jan

Wyżykowski, was one of the greatest geological sensations of the second half of the 20th century. It changed the image of the entire region, which was turned into one of the most important and most modern industrial regions in Poland.

 

Company Profile



KGHM Polska Miedź S.A. has a fully integrated process in which the end-product of one stage is the half-finished product used in the next stage. Currently, excavated deposits are at the depth from 600 to 1 300 meters, but KGHM is already constructing shafts which will make it possible to exploit deposits at the depth of 1 400 meters. If we assume that for the coming 15–20 years the mining production will remain at the current level, the viability of the mining plants owned by the Company is estimated for the following 40–50 years.

 

Copper ore is transported from the mines to processing plants for enrichment. As a result, copper concentrate is produced. Ore Enrichment Plants manufacture approximately 2 million tonnes of the concentrate annually, containing approximately 24% of copper, which is delivered to smelters in which it is smelted and fire refined into copper anodes. This is subsequently subjected to electrolytic refinement into copper cathodes. From these cathodes, wire rod and round billets are produced. KGHM mines extract approximately 30 million tonnes of copper ore annually, containing 1.64% of the “red gold” and considerable amounts of silver. And from above the deposits of copper ore, rock-salt is excavated.

Shareholder


KGHM mines extract approximately 30 million tonnes of copper ore, containing 1.64% of the “red gold” and considerable amounts of silver.

Report on shortcuts
Jan Kochanowski (1530­-1584) – poet and playwright of the Renaissance period, graduate
of the Kraków Academy and the Universities of Koenigsberg and Padua, secretary to
King Zygmunt II August of Poland. Considered one of the most outstanding authors of the
Renaissance in Europe and the most eminent Slav poet who contributed to the development of the Polish literary language.
*Translation:
Teresa Bałuk-Ulewiczowa, Ph.D.
Insitute of English Philology
Jagiellonian University in Kraków