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Company type | Aktiengesellschaft |
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FWB: NDA1 | |
Industry | Metals and Mining |
Predecessor | Norddeutsche Affinerie, Cumerio |
Founded | 1866 (as Norddeutsche Affinerie AG until 2009) |
Headquarters | , |
Number of locations | Germany, Belgium, Bulgaria, United States, Italy, Finland |
Area served | Europe, USA, Asia |
Key people | Roland Harings (CEO), Prof. Dr. Fritz Vahrenholt (Chairman of the supervisory board) |
Products | Copper extraction, recycling of copper and precious metals, manufactured copper products |
Revenue | € 18.52 billion (2021/2022) [1] |
Number of employees | 6,913 (September 30, 2022) |
Website | Aurubis.com |
Aurubis AG (formerly Norddeutsche Affinerie AG) is a global supplier of non-ferrous metals and one of the world's largest copper recyclers. The company processes complex metal concentrates, scrap, organic and inorganic metal-bearing recycling materials, and industrial residues into metals. Aurubis produces more than 1 million tons of copper cathodes per year, and from these, a variety of products, such as wire rods, continuous cast shapes, profiles, and flat rolled products in copper and copper alloys. Aurubis also produces a range of other metals, including precious metals such as selenium, lead, nickel, tin, and zinc. The portfolio includes other products, such as sulfuric acid and iron silicate.
Following Norddeutsche Affinerie AG's acquisition of the Belgian copper producer Cumerio on February 18, 2008, the company was renamed Aurubis on April 1, 2009.
Aurubis has about 6,900 employees, European and USA production sites, and a worldwide sales network.
Aurubis shares are listed in the Prime Standard Segment of the German Stock Exchange, the MDAX, the Global Challenges Index (GCX), and the STOXX Europe 600.
Aurubis names the company ‘Beit, Marcus und Salomon Gold- und Silberscheider’ (‘Beit, Marcus und Salomon Gold and Silver Parting’) in the Elbstrasse in Hamburg as its predecessor. It was first mentioned in the Hamburg merchant almanac in 1783, but Marcus Salomon Beit was already permitted to build a silver parting and smelting furnace in Hamburg in 1770. As time went on, the company did not only smelt coins and precious metal alloys but also silver ores, so a shift of production towards ore smelting occurred. After 1830, Hamburg ship owners started to ship copper ore on the emigration ships when they returned to Germany from North and South America and sometimes Australia. In 1846, the ‘Elbkupferwerk’ was founded on the river Elbe's island Steinwerder in cooperation with Johann Cesar Godeffroy and Siegmund Robinow.
The economic recovery led to the foundation of the ‘Elbhütten Affinerie- und Handelsgesellschaft’ in 1856, which merged the Elbkupferwerk with the Beit Gold and Silver Parting company. Delivery and smelting of copper and silver ores were processed in Steinwerder; the Elbstrasse site oversaw the processing by ‘affination’ in smelters and the sale of the products. The annual copper production amounted to 3,000 tonnes. On 28 April 1866, Norddeutsche Affinerie was founded as a stock corporation with the participation of Norddeutsche Bank and Allgemeine Deutsche Kreditanstalt. [2]
Copper has been produced at the ‘Peute,’ an industrial area of the Hamburg district Veddel, since 1910. The production plants occupy large parts of the industrial area.
Following the Nazi seizure of power in 1933, the Jewish members of the management board Richard Merton, Julius Levisohn, and Heinrich Wohlwill were forced to step down. [3] : 39 The Norddeutsche Affinerie profited from increased public investment and expanded its business significantly. By 1939, the company had provided nearly half the German copper demand and employed 1450 people. [3] : 37 In the aftermath of the November pogroms, the company took part in processing gold that was extorted from Jewish owners. [3] : 39–40 In 1939, Wilhelm Avieny of Metallgesellschaft and Hermann Schlosser, CEO of Degussa, were appointed to leading positions on the supervisory board of Norddeutsche Affinerie. Both were early supporters of the NSDAP and linked to Nazi politics due to the importance of their respective companies. [3] : 39 During World War II, Norddeutsche Affinerie was an essential supplier to the munitions industry and used forced labor to maintain production. At its peak in July 1944, 806 out of 1900 employees were forced laborers. [3] : 41
Norddeutsche Affinerie took over 91% of the Belgium copper producer Cumerio on 18 February 2008 after a lengthy dispute with the Austrian A-TEC Industries. A squeeze-out completed the acquisition of Cumerio on 15 April 2008. [4]
In May 2023, a serious industrial accident occurred at Aurubis's primary copper smelter plant in Hamburg. Following a nitrogen leak during regular maintenance, three fatalities were reported. [5]
The core business is the production of copper cathodes from copper concentrates, scrap, and recycled materials (copper refining). These include continuous cast wire rods, shaped rods, rolled products and strips, and specialty wire made of copper and copper alloys. Aurubis also processes precious metals. The Group produces and markets several elements of copper production as specialty products, including, but not limited to, sulfuric acid and iron silicate.
Aurubis customers include the copper semis industry, the electrical engineering, electronics, and chemical industries, as well as renewable energy suppliers. The construction and automotive sectors are also represented.
The company was listed in the encyclopedia of German world market leaders in 2010.
Aurubis shares belong to the Prime Standard segment of the German Stock Exchange (Deutsche Börse) and are included in the MDAX, STOXX Europe 600, and Global Challenges Index (GCX). With a share of 29.99 % of the Company's capital stock, Salzgitter AG is Aurubis' anchor investor. The remaining 70.01 % of the voting shares are considered free float. Shares of all shareholders subject to reporting requirements see table:
Share (in percent) | Shareholders [6] |
---|---|
29,99 [7] | Salzgitter AG |
3,17 | BlackRock Inc. |
4,4 | Dimension Holdings Inc. |
Status: October 4, 2022
Environmental and climate protection are among the key targets of Aurubis' corporate strategy and are outlined in the company guidelines. State-of-the-art plant technologies that set international benchmarks are used in environmental protection. The expansion of recycling activities in the Group helps to close material cycles in an environmentally friendly way and is thus an important contribution to sustainable development. Beyond compliance with legal requirements, voluntary commitments like the chemical industry's "Responsible Care" initiative are important instruments for continuously improving environmental and health protection performance at Aurubis. A uniform environmental standard was created and implemented for the Aurubis Group. The environmental management system at all of the main sites in the Aurubis Group is ISO 14001 certified. The Hamburg and Lünen sites, as well as Schwermetall Halbzeugwerk, are EMAS certified. [8]
In the past 30 years, a total of €359 million has been invested in environmental protection measures at the Hamburg site. Five agreements on improving environmental protection and increasing energy efficiency have been concluded with the Hamburg State Authority of Urban Development and Environment and successfully implemented. In February 2011, a sixth emission reduction agreement was concluded between Aurubis and the city of Hamburg. This sixth agreement comprises environmental protection measures with a capital expenditure totaling about €20 million and is in effect until 2016.
Aurubis, formerly Norddeutsche Affinerie, is considered to be the biggest heavy metal emitter in northern Germany. In the early 1980s, arsenic and cadmium, in particular, were shown to be present in the wastewater discharge and in the stacks’ exhaust air. [9] In 1985, an arsenic scandal occurred in Hamburg when heavy metals accumulated in the soil in eastern Hamburg, especially in agricultural areas. The scandal became a scandal because the Hamburg authorities tried to conceal it. The environmental protection group Physik-Geowissenschaften took water and soil samples showing that arsenic, cadmium, copper, zinc, and other heavy metals had accumulated in the harbor mud in front of the plant and were still entering the river Elbe in 2005 through cracks in the embankment.
In August 2020, Aurubis signed a contract with the Norwegian mining company Nussir ASA. The company plans to mine about 2 million tons of ore annually over the next 15 years. Several environmental and human rights organizations have criticized the project. [10] In the Society for Threatened Peoples (STP) statement, the problem is expressed as follows: "The Sami, who keep reindeer herds in the region of the future Nussir mine, are against new copper mining projects. From their point of view, the plans are to be seen as a violation of their right to free, prior, informed consent. Thus, Aurubis should not fulfill its copper contract with Nussir without the express consent of the Sami reindeer herders. Nils Utsi, chairman of the Repparfjord reindeer herders: The mine is in our animals' delivery room. If it is put into operation, we will lose our herds." [11] In August 2021, Aurubis terminated the contract due to these issues. [12]
Smelting is a process of applying heat and a chemical reducing agent to an ore to extract a desired base metal product. It is a form of extractive metallurgy that is used to obtain many metals such as iron, copper, silver, tin, lead and zinc. Smelting uses heat and a chemical reducing agent to decompose the ore, driving off other elements as gases or slag and leaving the metal behind. The reducing agent is commonly a fossil-fuel source of carbon, such as carbon monoxide from incomplete combustion of coke—or, in earlier times, of charcoal. The oxygen in the ore binds to carbon at high temperatures, as the chemical potential energy of the bonds in carbon dioxide is lower than that of the bonds in the ore.
Slag is a by-product of smelting (pyrometallurgical) ores and recycled metals. Slag is mainly a mixture of metal oxides and silicon dioxide. Broadly, it can be classified as ferrous, ferroalloy or non-ferrous/base metals. Within these general categories, slags can be further categorized by their precursor and processing conditions. "Slag generated from the EAF process can contain toxic metals, which can be hazardous to human and environmental health".
Nickeline or niccolite is a mineral consisting primarily of nickel arsenide (NiAs). The naturally-occurring mineral contains roughly 43.9% nickel and 56.1% arsenic by mass, but composition of the mineral may vary slightly.
Copper extraction refers to the methods used to obtain copper from its ores. The conversion of copper ores consists of a series of physical, chemical and electrochemical processes. Methods have evolved and vary with country depending on the ore source, local environmental regulations, and other factors.
Scrap consists of recyclable materials, usually metals, left over from product manufacturing and consumption, such as parts of vehicles, building supplies, and surplus materials. Unlike waste, scrap has monetary value, especially recovered metals, and non-metallic materials are also recovered for recycling. Once collected, the materials are sorted into types – typically metal scrap will be crushed, shredded, and sorted using mechanical processes.
Boliden AB is a Swedish multinational metals, mining, and smelting company headquartered in Stockholm. The company produces zinc, copper, lead, nickel, silver, and gold, with operations in Sweden, Finland, Norway, and Ireland.
The Bingham Canyon Mine, more commonly known as Kennecott Copper Mine among locals, is an open-pit mining operation extracting a large porphyry copper deposit southwest of Salt Lake City, Utah, in the Oquirrh Mountains. The mine is the largest human-made excavation, and deepest open-pit mine in the world, which is considered to have produced more copper than any other mine in history – more than 19,000,000 short tons. The mine is owned by Rio Tinto Group, a British-Australian multinational corporation. The copper operations at Bingham Canyon Mine are managed through Kennecott Utah Copper Corporation which operates the mine, a concentrator plant, a smelter, and a refinery. The mine has been in production since 1906, and has resulted in the creation of a pit over 0.75 miles (1,210 m) deep, 2.5 miles (4 km) wide, and covering 1,900 acres. It was designated a National Historic Landmark in 1966 under the name Bingham Canyon Open Pit Copper Mine. The mine experienced a massive landslide in April 2013 and a smaller slide in September 2013.
Arsenical bronze is an alloy in which arsenic, as opposed to or in addition to tin or other constituent metals, is combined with copper to make bronze. The use of arsenic with copper, either as the secondary constituent or with another component such as tin, results in a stronger final product and better casting behavior.
Prym is an internationally active group of companies. It consists of four independent divisions that operate under the umbrella of a holding company: Prym Consumer, Prym Fashion, Prym Intimates and Inovan. The roots of the company go back to the 16th century. It is one of the oldest operating companies in the World. In 1642, the company moved from Aachen, Germany, to Stolberg (Rhineland), Germany. The headquarters have been located there ever since.
Salzgitter AG is a German company, one of the largest steel producers in Europe with an annual output of around seven million tonnes.
Umicore N.V., known as Union Minière before 2001,. is a multinational materials technology company headquartered in Brussels, Belgium.
On 17 December 2008, Cumerio and Norddeutsche Affinerie AG (NA) became Aurubis - Europe's biggest copper producer.
Pirdop copper smelter and refinery is the biggest facility for smelting and refining of copper in South-Eastern Europe. The factory is situated between the towns of Pirdop and Zlatitsa in the Sofia Province, western Bulgaria. The plant, which was founded in 1958, had an initial annual capacity of 160,000 tons, which has been expanded to 340,000 tons at present.
Johann Cesar Godeffroy was a German trader, blackbirder and Hanseat.
The conservation and restoration of copper and copper-alloy objects is the preservation and protection of objects of historical and personal value made from copper or copper alloy. When applied to items of cultural heritage, this activity is generally undertaken by a conservator-restorer.
Plants for the production of lead are generally referred to as lead smelters. Primary lead production begins with sintering. Concentrated lead ore is fed into a sintering machine with iron, silica, limestone fluxes, coke, soda ash, pyrite, zinc, caustics or pollution control particulates. Smelting uses suitable reducing substances that will combine with those oxidizing elements to free the metal. Reduction is the final, high-temperature step in smelting. It is here that the oxide becomes the elemental metal. A reducing environment pulls the final oxygen atoms from the raw metal.
Balhashcvetmet, formerly known as BGMC, for Balkhash Mining and Metallurgical Combine, is a copper-smelting combine located on the northern coast of the Lake Balkhash in Balkhash, Kazakhstan.
A-TEC Industries AG was an international industrial holding company based in Vienna, Austria. It belonged to the Austrian industrialist Mirko Kovats. A-TEC was quoted on the Vienna stock exchange from the end of 2006 until February 2014. In 2007, the group of companies accounted for nearly 14.000 employees and had a turnover of more than 2 billion Euro. A-TEC was active in the areas of power plant construction, drive technology, industrial engineering and minerals & metals.
Silberhütte was once a village in the formerly free mining town of Sankt Andreasberg in the Harz mountains in Germany, but since its merger on 1 November 2011 it has been part of the borough of Braunlage. The name of the village goes back to the silver works that was existed here until 1912 and which smelted the ores from the mines around Sankt Andreasberg.
Heinrich Wohlwill was a German-Jewish engineer of electrochemistry.
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