An agreement was signed in June for the foundation of the company KGHM HMS Bergbau AG. Its founders are KGHM CUPRUM Sp. z o.o. – CBR (a 100% subsidiary of KGHM Polska Miedź S.A.), which acquired 74.9% of the share capital, and HMS Bergbau AG (the remaining 25.1% of the share capital). This entity was founded under German commercial law, and its registered head office is in Berlin.
KGHM HMS Bergbau AG was founded for the purpose of exploration and development of deposits of copper and other metals in Europe. The first project to be pursued by the company will involve exploration within the territory of Saxony in Germany.
The foundation of KGHM HMS Bergbau AG is related to the Strategy of KGHM Polska Miedź S.A. for the years 2009 – 2018 which was approved in February 2009. With respect to that part of the Strategy involving development of the resource base, it assumes among others exploring for new deposits in the region.
HMS Bergbau AG, with its registered head office in Berlin, is one of the largest entities in Germany involved in the extraction and trade of coal, as well as providing logistical services. Since December 2008 the shares of this company have been listed on the Frankfurt Stock Exchange.