MMTA Welcomes New Member Company: KGHM Polska Miedz SA
The MMTA is delighted to welcome its newest member. On joining the Association, the company provided the following overview of its operations.
KGHM SA is a company with over 50 years' experience in the mining and processing of copper ore. The company was founded in 1961 with the mission of developing the single largest ore deposit in Europe, located in Lower Silesia and discovered four years earlier (in 1957). KGHM, by exploring and processing copper ore, is one of the world leaders in the production of electrolytic copper and silver metallic.
Copper ore mining is concentrated in three mines: "Lubin", "Rudna" and "Polkowice-Sieroszowice", processing the ore: Ore Enrichment Plant, and the production of copper, silver and other copper products at the "Głogów" and "Legnica" smelters, and the "Cedynia" rolling mill.
The structure of the Company is one of other Divisions supporting the core business.
The two main products of KGHM - copper and silver - are characterized by a very high quality. The production assortment of KGHM is supplemented by gold, lead, sulphuric acid, rhenium and salt. The quality of the two main products of KGHM is confirmed by certificates from global stock exchanges in London, Shanghai, Dubai and New York.
The KGHM Group, apart from the Parent Entity, comprises 83 subsidiaries. Some of these possess their own capital groups. The largest of these is KGHM INTERNATIONAL LTD. (previously Quadra FNX Mining Ltd.), comprising 34 entities. KGHM bought the Canadian Company in March 2012.
KGHM International’s expansion is of strategic importance to the company. This will secure its future earnings, gradually increase shareholder value and strengthen the company's position in the global market. KGHM is also contributing to the growth of the Polish economy, as a producer of strategic raw materials (copper) and rare-earth metals (molybdenum, platinum).
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