1. Green Economy Forum 2018 Base Industry and Transition
:30
Green Economy Forum 2018
Base Industry and Transition
to Circular Economy
Tim Kurth
CEO, Aurubis Bulgaria
Sofia
7th of December 2018

2. Aurubis Group. Beyond the Classic Smelting
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Aurubis Group. Beyond the Classic Smelting
Non-ferrous metals recycling in 5 sites.
Lünen: world’s largest copper recycler.
Fehrbellin
Cable scrap
Hamburg
Copper scrap
Intermediates
E-scrap
Others
Lünen
Copper scrap
Alloy scrap
Shredder materials
Industrial residues
E-scrap
Copper-iron material
Others
Olen
Copper scrap
Pirdop
Copper scrap
Established in Hamburg in 1860s. Now Europe’s largest copper group.
6400 employees. 15 sites in 11 countries. Sales network in 24 countries worldwide.

3. Aurubis Bulgaria Second largest company in Bulgaria.
Leading EU producer of LME certified cathode copper Class A, brand ‘Pirdop’.
Over 9% of exports and 6% of imports of Bulgaria for 2017.
Largest taxpayer in the country.
BGN 1.2 B investment since 1998.
New BGN 260 M investment for the period
860 direct, over 2500 indirect jobs.
Sustainable social policy.
Support of education, culture, young talents, sports, healthcare.
Partner of the Bulgarian Presidency of the Council of the EU in 2018.
Visit of EU-28 Environment Attachés to the Pirdop copper smelter.

4. 60 Years of History Implementation of the Outokumpu technology
Raw materials terminal and acid terminal Port Burgas
Extended environment protection program
Expansion of Flotation Plant
First expansion of facilities
2010
1958
1966
1987
2008
2017
Opening of Pirdop copper plant
Implementation of reversed high density current in cathode production
New Smelter
New Tankhouse
Launch of Fit-For-Future project

5. The Aurubis Group Cycle
Copper cathodes
Precious metals
Nickel sulfate
Selenium, lead-tin alloy
Sulfuric acid, Iron silicate 46 Pd 47 Ag 78 Pt 79 Au 45 Rh 52 Te 82 Pb 28 Ni 34 Se 75 Re 50 Sn
Smelting and
refining process
Concentrates
Further
processing
Scrap / intermediates
Continuous cast shapes
Closing
the loop
Scrap
collectors
Wire rod
Consumers
Flat rolled products
Processors
and end users
Specialized applications for by-metals

6. Green Economy, Industry 4.0 Require Metals
Sustainable growth in non-ferrous metals demand

7. +200% +300% +1000% metals demand increase by 2050
5/19/2019 8:30 PM
Low-Carbon Energy Requires Metals
+200%
metals demand increase by 2050
Solar
metals demand increase by 2050
+300%
Wind
+1000%
metals demand increase by 2050
Energy Storage
Source: World Bank (2017)
Energy and mobility will be the driving force for many technical innovations in the coming years.
The majority of these would be inconceivable without metals.
The ongoing digitalization alone places growing demands on circuits, storage technology and high-performance chips.
These and many other challenges would be unmanageable without copper, gold, silver, nickel and additional metals, which are also produced by Aurubis.
Metals also play an important role in the development of other technologies of the future, such as wind power and synthetic fuels.
E-Mobility and autonomous driving are two key-words: with batteries and electric motors, hybrid and electric cars are particularly changing the raw material needs.
Nickel and manganese will play an important role in further developments -- and naturally copper.

8. Go Circular. Efficient Extraction, Less Waste
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Go Circular. Efficient Extraction, Less Waste
Base metals and their by-metals
Strong know-how
for expanding from copper to multi-metal
Looking for synergies between process steps and copper & lead metallurgy
Investment in R&D for innovative solutions
Moving to Future Complex Metallurgy
Copper is the primary metal supporting Aurubis and will also remain a very important metal for Aurubis in the future.
Copper concentrates provide a variety of by-metals; copper is therefore the optimal carrier metal of a multi-metal strategy.
Thanks to metallurgical expertise and experience in combining process steps, Aurubis is perfectly positioned to exploit the full potential of copper as a carrier of a variety of metals.
A good example of this is the connection of copper and lead metallurgy, through which Aurubis is able to efficiently make complex raw materials usable.

9. Go Circular. Three Case Studies
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Go Circular. Three Case Studies
Scrap
Water
Energy
Lünen
Pirdop
Hamburg
Kayser Recycling System
Rainwater Treatment Plant
Hafencity Heating Project
Innovative recycling solutions
High multi-metal recovery rates
Best environmental standards
Innovation developed by R&D
Lab testing before commissioning
Development of specific solutions
Industrial heat for households
Thermal energy from H2SO4 process
tons / y of CO2 prevented

10. E-waste recycled properly in Europe
Go Circular. Opportunities
Technology metals
Base metals
>95%
buildings
>90%
automotive
<35%
E-waste recycled properly in Europe
(2015)
For every one tonne of
e-waste Europe recycles,
two tonnes are a lost opportunity
>60%
packaging
… only if we maximize collection and recycling

11. Go Circular. Challenges
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Go Circular. Challenges
Non-ferrous metals can fully return to the economic cycle
Unlimited recycling without quality losses
Preserving natural resources
Saving energy
European industry needs legally binding norms
to enable the Circular Economy
Scrap processing standardс like EN for e-scrap
Conflicting policy objectives may impact efficiency:
Low-carbon targets
Indirect carbon costs in energy prices

12. Go Circular. Challenges
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Go Circular. Challenges
Solving the fayalite challenge
Non-ferrous metals industry produces large quantities of iron silicate (fayalite). Pirdop produces tonnes / y
Variety of potential implementations in construction
Saving natural minerals
Saving energy
Reducing landfill
Wastes of today
are resources of the future

13. Source: Wood Mackenzie, 2018 / own data
Taking Care. The Pirdop Example
SO2 emissions of copper plants (kg SO2 / t of copper)
SO2 emissions of Pirdop plant (kg SO2 / t of copper)
Hamburg copper plant 4
Pirdop copper plant 5
Average: European smelters International smelters 99
Pirdop
Hamburg
Dust emissions of Pirdop plant (g / t of copper)
Source: Wood Mackenzie, 2018 / own data
One of the most environmentally friendly copper producers in the world today
255 times dust emissions reduction since 2000
25 times SO2 emissions reduction since 2000

14. To turn the Supply Chain Europe needs a long-term industrial strategy
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The Ultimate Target
Manufacturing
Consumption
Collection
Recycling
Production
To turn the Supply Chain
into a Supply Circle
Base industry segment
Raw materials
Europe needs a long-term industrial strategy
Waste
The issues zone

15. Green Economy Forum 2018 Base Industry and Transition
:30
Green Economy Forum 2018
Base Industry and Transition
to Circular Economy
Tim Kurth
CEO, Aurubis Bulgaria
Sofia
7th of December 2018