AURUBIS AG

About

Aurubis AG (formerly Norddeutsche Affinerie AG) is listed on the stock exchange and is the largest copper producer in Europe (the second largest in the world) and the largest copper recycler worldwide.

Its headquarters is in Hamburg, Germany. After the acquisition of the Belgian copper producer Cumerio by Norddeutsche Affinerie AG on 18 February 2008, the company re-branded itself as Aurubis as of 1 April 2009.

Aurubis produces more than one million tonnes of copper cathodes annually and from them a variety of copper products. It employs about 6,300 people (September 2011).

Aurubis is a member of the Deutsche Börse's Prime Standard segment and is listed in the MDAX and in the Global Challenges Index (GCX).

Shareholder structure since 29 August 2011: 25% Salzgitter AG, 30% private investors, 35% other institutional investors.

  • Revenue – €13.336 billion (2011),
  • Total assets - €4.333 billion (2011),
  • Number of employees – 6.279 (2011).

Controversies

For almost two decades, Aurubis has been actively involved in copper and other mineral extractions in occupied Nagorno-Karabakh, becoming one of the biggest international partners of the Nagorno-Karabakh/Armenian industrial complex.

Annually, Aurubis purchases and imports 10,000 metric tonnes of blistered copper from the Armenian conglomerate Vallex Group, the largest tax payer in occupied Nagorno- Karabakh, which provides up to 35 percent of taxes to the budget of separatist regime and jobs for 1,200 people.

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