KGHM Polska Miedź
| KGHM Polska Miedź SA
|
|
|---|---|
 |
|
| legal form | Spółka Akcyjna |
| ISIN | PLKGHM000017 |
| founding | 1961 |
| Seat |
Lubin , Poland
|
| management | Marcin Chludziński ( Chairman of the Board ) Andrzej Kisielewicz ( Chairman of the Supervisory Board ) |
| Number of employees | 33,534 |
| sales | 22.7 billion zloty (5.2 billion euros ) |
| Branch | Mining |
| Website | www.kghm.pl |
| As of December 31, 2019 | |
KGHM Polska Miedź is a Polish mining group based in the Lower Silesian city of Lubin . The company operates copper and silver mining in Poland and is also active in Canada (copper, nickel , precious metals ), the United States (copper, gold , molybdenum ) and Chile (copper, molybdenum, gold).
The company's share is traded on the Warsaw Stock Exchange and is included in its leading indices WIG 20 and WIG30 .
Business areas
KGHM mines copper (571,000 t in 2011) and silver (1260 t in 2011), but also gold , lead and rock salt . In 2011, the company achieved sales of PLN 20.1 billion with 18,615 employees . The ores are smelted in their own copper works in Legnica . With an annual production of over 1,200 tons, KGHM is the most important silver producer in the EU and ranks 3rd worldwide. The company has stakes in 19 companies; a total of 30 companies belong to the capital group.
CEO
- Krzysztof Skóra (until January 18, 2008)
- Michal Krutin (February 2008 to July 2009)
- Herbert Wirth (since July 20, 2009)
Unions
As of June 30, 2008, KGHM had 13 unions with 43 company organizations, in which 15,702 employees or 85.47% of the 18,372 workforce are members. The biggest are:
- Union of Employees in the Copper Industry ZZPPM
- NSZZ "Solidarność"
- NSZZ "S-80"
- ZZ Polska Miedź union
The miners , the physical workers and the rescue workers in the mining industry are also organized separately.
KGHM International
On December 6, 2011, KGHM bought the Canadian company Quadra FNX Mining for $ 3.34 billion . This strengthened the subsidiary KGHM International . KGHM International currently operates 5 mines in the USA , Canada and Chile and employs around 2,500 people. Funding in North and South America is becoming increasingly important.
Robinson
Robinson is an open pit copper mine in the US state of Nevada that has existed since 1907 . Despite its over 100-year history, it is KGHM International's most productive copper mine. Smaller amounts of gold and molybdenum are produced as by-products during copper mining . In 2011 Robinson employed just under 600 people, extracting 43,000 t (95 million pounds ) of copper and 933 kg (30,000 ounces ) of gold.
The copper-gold mixture is brought by truck on Highway 50 to East Wendover, Utah , and from there on by rail.
Carlota
The Carlota opencast mine is located in the US state of Arizona . In 2012, 11,340 tons (25 million pounds) of cathode copper were extracted. It was originally supposed to be closed in 2012. The closure has been postponed and a new date has not yet been set as it depends on many factors.
Franke
The Franke mine is located in northern Chile in the Región de Antofagasta (Region II). In 2011, 640 employees extracted about 14,970 tons (33 million pounds) of cathode copper.
McCreedy West and Levack
The Morrison deposit is located in Sudbury , Ontario , Canada. In 2002 KGHM International acquired the Levack and McCreedy West mines. the Morrison camp was discovered in February 2005 through exploration work in Levack. Copper and nickel were mined again in Levack, and nickel production was stopped at the end of 2009. A cooperation agreement was concluded with the Swiss mining group Xstrata .
An agreement was signed with Xstrata for the extraction from the Morrison warehouse, which allows KGHM to use the infrastructure of the neighboring Xstrata mine in Craig. This increases the profitability of their own plants for both companies and allows the economical extraction of ores with a comparatively low copper or nickel content for KGHM.
Large nickel and copper deposits and smaller platinum, palladium and gold deposits were discovered in McCreedy West in 2002. In 2005 the production of copper, nickel and platinum began. At the end of 2008, the production of nickel was stopped for price reasons.
From the end of 2008, therefore, only copper was mined until mining stopped in 2011 because the copper content of the remaining ore reserves was too low. In July 2011, another agreement was signed with Xstrata. The copper ore from McCreedy West is now being processed by Xstrata in the nearby Strathcona processing plant .
Shareholder structure
The company's share capital is divided into a total of 200,000,000 series A bearer shares with a nominal value of PLN 10.00 each.
| Shareholders | Number of shares held | Share in the share capital | Share of voting rights |
|---|---|---|---|
| Polish state | 63,589,900 | 31.79% | 31.79% |
| Nationale-Nederlanden OFE | 10,104,354 | 5.05% | 5.05% |
| Aviva OFE | 10,039,684 | 5.02% | 5.02% |
| Free float | 116.266.062 | 58.14% | 58.14% |
Others
KGHM has been Zagłębie Lubin's main sponsor since it was founded . In the beginning, even the club's soccer players worked in the copper mines. To this day, the club and Lubin's supporters are closely linked to KGHM.
Individual evidence
- ↑ a b Leadership. Retrieved April 14, 2020 (English).
- ↑ a b c d SKONSOLIDOWANE SPRAWOZDANIE FINANSOWE ZA 2019 ROK. March 2020, accessed April 14, 2020 (Polish).
- ↑ KGHM
- ↑ The Silver Institute: Production ( Memento of the original from December 19, 2008 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice.
- ^ Robinson Mine | Ely, Nevada, USA (English)
- ↑ Carlota Mine (English) ( Memento of the original from August 27, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ^ Quadra FNX deal with Xstrata about Craig Mine infrastructure
- ↑ McCreedy West Mine (English)
- ^ Club / KGHM Zagłębie Lubin. Retrieved May 2, 2020 .
