Information on the effects of the accident involving the recovery boiler at the Głogów I Copper Smelter and Refinery

Friday, 13 October, 2017
27/2017

The Management Board of KGHM Polska Miedź S.A. announces that today, the Company completed its initial estimates of the impact of an accident involving the recovery boiler, which is responsible for cooling and de-dusting the process gases from the flash furnace, which occurred on 3 October at the Głogów I Copper Smelter and Refinery (HMG I). The accident at the boiler was caused by a certain amount of sinter (a combination of dust and metals which accumulate on the boiler) becoming detached and falling, which damaged the boiler’s seal. The accident at the recovery boiler resulted in the need to cease production by the HMG I flash furnace. After reviewing the scope and timeframe of the required repair work, as of today, completion of the repairs of the boiler and the re-start of production by HMG I is planned for 27 October 2017. The decrease in the amount of electrolytic copper produced as a result of this accident is estimated at approx. 14 thousand tonnes.

Legal basis: Art. 17 (1) of MAR (Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (Official Journal of the European Union dated 12 June 2014, no. L 173/1)

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