KGHM Polska Mied?

Early history and foundation

In 1951, the construction of the Copper Smelter in Legnica was commenced to smelt copper from the ore mined in the so-called old Lower Silesian copper basin .

In 1957, Jan Wy?ykowski discovered copper ore deposits near Lubin and Polkowice .

On December 28, 1959 by the decision of the Ministry of Heavy Industry, Zak?ady Górnicze "Lubin" was established as a state owned company and in 1961, transformed into Kombinat Górniczo-Hutniczy Miedzi , which was supposed to deal with the extraction and processing of copper extracted from the newly discovered fields. At the same time, KGHM incorporated two copper mines in the area of the piedmont of the Sudetes from the old copper-bearing basin .

Expansion

In the years 1962-1975, Tadeusz Zastawnik was the director of KGHM . In 1968, the construction of the "Lubin" and "Polkowice" mines and the modernization of the Legnica smelter ended. The construction of the G?ogów smelter started, and at the end of the 1960s, geologists discovered new, even richer copper deposits in Rudna.

In January 1996, the "Polkowice-Sieroszowice" Division was established, which was established as the result of the merger "Polkowice" and "Sieroszowice" mines.

From the day the state enterprise was established, until August 9, 1976, the Minister of Heavy Industry, and then the Minister of Metallurgy supervised operations.

Transformation

On September 9, 1991, the state-owned enterprise Kombinat Górniczo-Hutniczy Miedzi in Lubin was transformed into a sole-shareholder company of the State Treasury - KGHM Polska Mied? SA. On September 12, 1991, the company was entered in the commercial register kept by the District Court in Legnica and on the same day, the court removed the former entity from the register of state-owned enterprises.

Integration

On December 6, 2011, the management boards of KGHM Polska Mied? SA and Quadra FNX Mining Ltd. signed an agreement on the takeover of the Canadian enterprise by KGHM. On February 20, 2012, the general meeting of shareholders of Quadra FNX Mining Ltd. accepted the transaction of a friendly takeover of 100% of shares in the company Quadra FNX by KGHM Polska Mied? SA, and on March 5, 2012, the above transaction was closed.

Since then, Quadra FNX has been operating under the new name of KGHM International Ltd. The transaction value amounted to approximately $2.8 billion. The purchase was financed with funds of KGHM After the acquisition, the size of the combined resource base is 37.4 million tons of copper . The combined annual copper production was then 526 thousand tonnes. One of the key assets of KGHM International Ltd. is the Sierra Gorda field. The deposit is located in Chile and contains 1.3 billion tons of ore rich in copper, gold and molybdenum. It was expected that copper mining from Sierra Gorda would start in 2014 and exceed 200,000 tons per year.

Recent developments

In May 2015, a new production line was launched at the Nitroerg plant in Bieru? .