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KGHM ZANAM wins on the Russian market

Jun 24, 2021

The company ZANAM VOSTOK - a subsidiary of KGHM ZANAM from the KGHM Polska Miedź SA Group, registered in 2016 and operating in the Russian Federation - submitted the best offer for the supply of specialized mining machinery for the Russian PAO Gaiski GOK (Ural Mining and Metallurgy Combine). This is another success of the copper giant on the Russian market.
 
- An element of our strategy is the acquisition of foreign markets by the companies of the KGHM Group. Our mining machinery manufacturer KGHM ZANAM fits perfectly into these assumptions. The company won a large contract in the German market and was now the best bidder in the Russian market. We will deliver Polish loaders and drilling rigs there, said Marcin Chludziński, President of the Management Board of KGHM Polska Miedź SA
 
The contract signed by ZANAM VOSTOK concerns the delivery of a total of 12 mining machines for the Russian company. It includes: three ŁK1 loaders for the Uczaliński GOK mine, eight loaders of the same type for the Gai GOK mine and one SWW-1 / 1H drilling rig for the Gai GOK mine. The deliveries will be made in 2022, except for one ŁK1 loader for the Uczaliński GOK mine. In this case, at the special request of a foreign contractor, the machine will be delivered to him this year.
 
All the mines listed are owned by the UGMK mining holding. It is the largest producer of copper and zinc in the Russian Federation. Each subsequent signed contract takes the cooperation between ZANAM VOSTOK and the Russian holding to a higher level. Business relations with the UGMK holding confirm the strong brand of KGHM on foreign markets of machinery and specialized equipment for mining.
 
- In May this year, we announced that we were finalizing business negotiations with the Russian contractor and we are satisfied that the relevant signatures were included in the contracts so quickly, despite many difficulties in conducting business activities resulting from the COVID-19 pandemic - says Bernard Cichocki, President of the Management Board of KGHM ZANAM SA - Another contract won on the Russian market shows that the decision to establish the subsidiary ZANAM VOSTOK was correct. In the case of the contract that was just signed, our products competed in an open tender and turned out to be the best. It should be emphasized that the most important criterion in the tender procedure was not only the price, but above all, the quality of the machines - emphasizes Bernard Cichocki.
 
In May 2020, a company from the KGHM Group operating in Russia signed a contract for the supply of ten machines to the Gaiski GOK mine: six ŁK-1M loaders and four SWT-3K transport vehicles. In turn, earlier, in February 2019, a contract was concluded for the supply of nine ŁK-1M chargers. The machines were also delivered to the Gaiski GOK mine.
 
KGHM ZANAM has also been a trusted business partner of the German mining holding K + S AG for several years. In April, a contract was signed for the supply of 13 wheel-articulated loaders to Germany.
 

Source: https://media.kghm.com/pl/informacje-prasowe/kghm-zanam-wygrywa-na-rosyjskim-rynku

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KGHM International Ltd., a subsidiary of KGHM Polska Miedź S.A., serves as a holding company and an administrative services company for KGHM’s North American assets, which include underground mines and a large underground project in Canada, and two open-pit mines in the United States. KGHM International Ltd produces above 120 million pounds of copper, as well as gold, silver, platinum, palladium, molybdenum, and nickel in North America annually.

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KGHM International Ltd., a subsidiary of KGHM Polska Miedź S.A., serves as a holding company and an administrative services company for KGHM’s North American assets, which include underground mines and a large underground project in Canada, and two open-pit mines in the United States. KGHM International Ltd produces above 120 million pounds of copper, as well as gold, silver, platinum, palladium, molybdenum, and nickel in North America annually.