KGHM Polska Miedz
 |
|
| Public | |
| Traded as | : KGH WIG30 Component |
| Industry | Mining |
| Founded | 1961 |
| Headquarters | Lubin, Poland |
|
Area served
|
Worldwide |
|
Key people
|
Herbert Wirth, (President) |
| Products | gold, silver, copper |
| Revenue |
 €4.4 billion |
|
€0.7 billion |
|
|
€1.1 billion |
|
| Total assets |
€5.5 billion |
|
Number of employees
|
28,884 (2009) |
| Website | www.kghm.pl |
KGHM Polska Miedź (KGHM Kombinat Górniczo-Hutniczy Miedzi Polish Copper) (: KGH) is one of the largest producers of copper and silver in the world. The mining & metallurgy company is based in Poland in Lubin. KGHM Polska Miedź S.A. owns shares in 33 entities, operating in various production and service-related areas. Their vision is to become a major global copper producer by increasing copper production to approximately 700,000 tonnes, and to remain active in activities aimed at the local community by creating jobs and protecting the environment. KGHM plans to increase sources of revenue outside of its core business.
In 1991, the company was established as a state enterprise and since 1997, their shares have been traded on the Warsaw Stock Exchange.
KGHM is one of the largest Polish exporters, the largest employer in Lower Silesia, and a significant part of the WIG30 index.
The company is divided into 10 divisions:
The Company holds a strategic interest for the Polish economy. The year 2007 saw record results in the production of electrolytic copper – 532,974 t – and of metallic silver – 1,215 t, and above all a record profit – nearly PLN 3.8 billion and a future promising steady growth and an increase in the value of the Company.
The company is a sponsor of tennis player Łukasz Kubot.
On 6 December 2011, KGHM acquired Canadian Quadra FNX Mining, now KGHM International Ltd.
They have also won the Randstad Award, which is given to the company in Poland who is voted to be the "most attractive" employer. Criteria in assessing this award include financial stability and employment security.
Basic activities and operation of the company include: Mining of non-ferrous metals, the extraction of gravel and sand, the production of copper, precious, non-ferrous metals and salt. The casting of light and non-ferrous metals, forging, pressing, stamping and roll forming of metal and the management of waste, as well. General construction activities with respect to mining and production facilities, generation and distribution of electrical energy and of steam and hot water. This also includes professional rescue services, scheduled and non-scheduled air transport and telecommunications and IT services.
KGHM International is a subsidiary of KGHM Polska Miedź with operations in the USA, Canada, and Chile. Current projects include construction of the Sierra Gorda copper-molybdenum in Chile and progression of the Victoria Project, a polymetallic project, in Sudbury, Ontario, Canada. KGHM International, formerly Quadra FNX Mining Ltd., was acquired by KGHM Polska Miedź on March 5, 2012. KGHM International has approximately 2,500 employees in North and South America. The subsidiary operates six mines: Robinson, Carlota, Franke, Levack, Podolsky, and McCreedy West.
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Wikipedia