KGHM Polska Miedź

KGHM Polska Miedź S.A.

Company type	Public
Traded as	WSE: KGH WIG20 Component
ISIN	PLKGHM000017
Industry	Mining
Founded	1961
Headquarters	Lubin, Poland
Area served	Worldwide
Key people	Herbert Wirth, (President)
Products	gold, silver, copper
Revenue	€3.1 billion
Operating income	€0.6 billion
Net income	€0.6 billion
Total assets	€497.4 million
Number of employees	28,884 (2009)
Website	www.kghm.pl

KGHM Polska Miedź (KGHM Kombinat Górniczo-Hutniczy Miedzi Polish Copper) (WSE: 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.

KGHM is one of the largest Polish exporters, the largest employer in Lower Silesia, and a significant part of the WIG20 index – winner of a prestigious statuette for achievements in 2005. The Company was awarded the Bull and Bear prize by the Market Paper "Parkiet" in the category of best investment in a WIG20 company and the Pearl of the Polish Market prize in the raw materials and energy sector.

The Company generates enormous profits, and 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.

According to 2011 data, KGHM Polska Miedź is copper 9th in the world and silver 3rd in the world manufacturer. In March 2012 KGHM Polska Miedź announced acquisition of Quadra FNX, a Canadian owner of copper mines in Canada, USA and Chile and co-owner of Sierra Gorda project. The agreement will put Polska Miedź on the fourth place in copper production globally.

See also

• Silver as an investment

External links

• KGHM Polska Miedź
• Forbes Global 2000 (2007)