AURUBIS AG

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PRESS RELEASE: Aurubis AG: Aurubis and Nussir terminate memorandum of understanding regarding future concentrate supply

08/26/2021 | 07:22am

DGAP-News: Aurubis AG / Key word(s): Miscellaneous Aurubis AG: Aurubis and Nussir terminate memorandum of understanding regarding future concentrate supply 2021-08-26 / 13:21 The issuer is solely responsible for the content of this announcement.

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Aurubis and Nussir terminate memorandum of understanding regarding future concentrate supply

- Decision made within the context of regular due diligence

- Sustainable conduct and business activities in the entire supply chain are integral components of Aurubis' corporate strategy

Hamburg, August 26, 2021 - On August 11, 2020, Aurubis signed a memorandum of understanding (MoU) with the Norwegian mine partner Nussir ASA with the goal of entering into a supply contract for copper concentrates at a later date. Nussir plans to operate the world's first fully electrified mine with zero CO[2] emissions. This would be completely in line with the targets of the Aurubis Sustainability Strategy regarding CO[2] reduction in the entire supply chain.

Since the signing, Aurubis has regularly reviewed the progress on site within the context of CSR (corporate social responsibility) due diligence. In the process, the company had to realize that, in addition to commercial conditions, certain social aspects of the project need to be given even greater consideration. Aurubis and Nussir have therefore made the decision to now terminate the memorandum of understanding.

"We regret that we have had to make this decision at this point in time. Our responsibility in the supply chain is fundamental," emphasizes Michael Hellemann, Senior Vice President Commercial at Aurubis AG. He says, "As much as we acknowledge and welcome the mine's approach of zero CO[2] emissions, for us, all sustainability criteria have to be fulfilled."

He sums it up as follows: "We can only be successful in the future if we continue spreading an understanding of sustainability in all areas and activities of the company."

Aurubis - Metals for Progress

Aurubis AG is a leading global provider of non-ferrous metals and one of the largest copper recyclers worldwide. The company processes complex metal concentrates, scrap metals, organic and inorganic metal-bearing recycling materials, and industrial residues into metals of the highest quality. Aurubis produces more than 1 million tons of copper cathodes annually, and from them a variety of products such as wire rod, continuous cast shapes, profiles, and flat rolled products made of copper and copper alloys. Aurubis produces a number of other metals as well, including precious metals, selenium, lead, nickel, tin, and zinc. The portfolio also includes additional products such as sulfuric acid and iron silicate.

Sustainability is a fundamental part of the Aurubis strategy. "Aurubis responsibly transforms raw materials into value" - following this maxim, the company integrates sustainable conduct and business activities into the corporate culture. This involves a careful approach to natural resources, responsible social and ecological conduct in everyday business, and sensible, healthy growth.

Aurubis has about 7,200 employees, production sites in Europe and the US, and an extensive service and distribution system in Europe, Asia, and North America.

Aurubis shares are part of the Prime Standard Segment of the German Stock Exchange and are listed in the MDAX and the Global Challenges Index (GCX). Further information at www.aurubis.com

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2021-08-26 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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Language:     English 
Company:      Aurubis AG 
              Hovestrasse 50 
              20539 Hamburg 
              Germany 
Phone:        +49 (0)40 / 78 83 - 31 78 
Fax:          +49 (0)40 / 78 83 - 31 30 
E-mail:       a.seidler@aurubis.com 
Internet:     www.aurubis.com 
ISIN:         DE0006766504 
WKN:          676650 
Indices:      MDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, 
              Dusseldorf, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1229139 
 
End of News   DGAP News Service 
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1229139 2021-08-26

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(END) Dow Jones Newswires

August 26, 2021 07:22 ET (11:22 GMT)

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