Assarel - Medet

Company mission:

Assarel-Medet JSC Mining and Processing Complex is the first, biggest and leading Bulgarian company for open pit mining and processing of copper ores providing around 50% of the national production of the vital metal for the human development - copper. The company is the biggest and main factor for the social and economic development and the image of the municipality of Panagyurishte and the district of Pazardzhik. It has a structural-determinant significance for the Bulgarian economy, as one of the leading industrial company with an important contribution to the raw materials independence and Gross Domestic Product of the country.

Assarel-Medet JSC processes about 13 million tonnes of ore per year, thus ensuring sustainable and stable development and production at thorough utilization of the mineral raw materials of the Assarel deposit.

The history of the leader in Bulgarian ore mining industry

dates back to the official commissioning of Medet Mining and Processing Complex on December 29, 1964. Assarel-Medet Technological Mining and Processing Complex was established in 1986 by consolidating the Medet Mining and Processing Complex (1964-1994) and the newly built production capacities of the Assarel Mine and Concentrator, commissioned on December 6, 1989. Assarel-Medet exists in the legal form of a joint-stock company since 1991, as its main activity is open pit mining and processing of copper and copper-pyrite ores, biochemical leaching of copper and the associated trade and engineering activities.

In the company chronicle

was the first for the country concession for a mining of ores and minerals, since 23 December 1998 and on 15 June 1999 the first privatization in the mining branch took place. It was gained by Assarel-Invest JSC – a joint stock company with majority participation of VA Copper Invest - a subsidiary company of the strategic foreign partner Voest Alpine Intertrading - Austria, and with 2377 participation of the workers and the management team of the company.

" Lights over the town" - Assarel - Medet history film

Assarel-Medet JSC is certified and works in compliance with the three major international standards – for quality management, environment protection and occupational safety and health.

In 1999 the company was awarded with the first certificate for quality management in the mining industry in compliance with ISO 9001 and in 2002 it was awarded with the first certificate in the country for environment protection, ISO 14001. In 2003 it defended the first certificate in the branch in compliance with OHSAS 18001 for occupational safety and health.

Assarel-Medet JSC is the first Bulgarian compay in the heavy industry, which in 2003 implemented an Integrated Management System for the three major international standards – for quality, environment and occupational safety.

Assarel-Medet JSC has been traditionally a pioneer in the mining industry with regards to the implementation of new state-of-the-art equipment and new technologies.

The first in the country company system for environmental monitoring, created jointly with the Bulgarian Academy on Sciences and other institutes, has been successfully functioning on the territory of the complex since 1988. The company has been successfully implementing a program for removal of previous environmental damages, caused prior to the company’s privatization, which was funded by the government, based on an agreement with the World Bank. It invests annually significant funds in new technologies, environmental projects, human capital development and ensuring the highest standard of occupational safety and health. After 1999, in these areas have been invested more than 500 million BGN, as the implemented old and new ecological projects are for a total of 50 million BGN. The company has three treatment plants, one of them was built after its privatization.

Video vision

Assarel-Medet JSC is the first Bulgarian company, which in 2005 was awarded with Certificate for First Class Investor by the Bulgarian Investment Agency for its large-scale project for operations modernization.

The company implemented unique for the country mining equipment and state-of-the-art flotation equipment, produced by leading world companies. Automated systems for technological processes control and monitoring were implemented in the Assarel Mine and Concentrator Plant, which ensure high efficiency, environmentally friendly and peak production results for the industry.

As a bright representative of the socially responsible Bulgarian business, Assarel-Medet JSC fulfills its activity transparently and in dialogue with all interested parties.

 It is an active member of the Bulgarian Industrial Association – Bulgarian Business Union, Bulgarian Chamber of Mining and Geology, Confederation of Employers and Industrialists in Bulgaria, Bulgarian Chamber of Mining and Geology, Bulgarian Chamber of Commerce and Industry, Bulgarian Business Leaders Forum, European Business Congress, and the UN Global Compact. The company is among the initiators and founders of the Alliance of Entrepreneurs in Panagyurishte, which unifies representatives of the local business and works for the implementation of joint projects. As an initiator of the idea for gasification of the Sregnogorie Region, Assarel-Medet is among the constituters of the Srednogorie Med – Pirdop industrial Cluster.


The numerous national and international awards, obtained for the past years are a token of the gained high prestige and social trust, as only after the privatization of the company, they are more than 50.

After conduction a public poll in 2003, the National Convent of Experts honored Assarel-Medet with the official statute of a company of high prestige and contribution to Bulgaria’s reputation. The company’s team is a bearer of the first Honorary Deed for merits to the town of Panagyurishte, bestowed in 2005 for the significant and sustainable input to the municipality’s development.

In 2006 Assarel-Medet JSC was bestowed the award Ikar for Innovations by the Bulgarian Industrial Association for the implemented state-of-the-art equipment and technologies. In 2007 the company was declared Investor of the Year in the Mining Industry by the Bulgarian Investment Agency and was awarded in the competition Investor in Environment by the Bulgarian Business Leaders Forum. In 2007 Assarel-Medet JSC was declared as one of the Best Bulgarian Employers in the national research of the international organization Hewitt and the Capital newspaper and in 2008 it was acknowledged as one of the best employers in a regional research for Central and Eastern Europe.

In 2009 the company was awarded by the Bulgarian Business Leaders Forum in the category Investor in society - for its socially responsible policy, and scale sponsorship project "Support for homeland – 2008”, and received the award Prometeya of Confederation of the Independent Unions in Bulgaria – for high standard of healthy and safe working conditions. In the same year the company was awarded with the first branch award for socially responsible campaign of companies from the mining industry, established by the Bulgarian Chamber of Mining and Geology, and in the national competition organized by ”Pari”-newspaper, Assarel-Medet was awarded the Grand Prize for Socially Responsible Company of the Year /environment, safety, human capital development and sponsorship/. The Executive Director Lachezar Tsotsorkov Dipl. Eng. PhD. was honoured as Manager of the year 2009 in the prestigious contest of Manager Magazine and Deloitte - Bulgaria.

In 2010 the company was certified by Ministry of Economy Energy and Tourism for contribution to the transition of Bulgaria towards low-carbon economy.


In the company now over 1300 people are working and another 400 are employed in subsidiaries and joint ventures.

The company before and after 1989 has built in the municipality of Panagyurishte over 1000 apartments, two schools, two kindergartens, a stadium, cultural center, dozens of shops, ski run and ski lift, sports grounds, correction of Luda Yana river, covered market, reconstruction of "Tsar Osvoboditel" Square and the city park, renovation of plumbing Zlokuchene-Panagyurishte and Pump Station Zlatyovitsa, sewage and street lighting, repair of churches and many others. The company and shareholders have provided education computer rooms and equipment for learning and childcare, a large number of medical equipment for hospital and Diagnostic Consultation Center, supported orphanages, hundreds of poor people, treatments and training in the country and abroad, public canteens, museums, cultural centers and theaters, supported the issue of hundreds of textbooks, books, exhibitions and many other projects.

Average annually after the privatization the company and its shareholders donated over 500 000 BGN for construction of infrastructure projects and development of health, culture, education, social activities, sports and tourism in the municipality of Panagyurishte. All this radically improve the city's landscape and significantly increase the standard of living in the municipality.

Strategic objective of the company:

To achieve a low cost-price per unit of the produced high quality metal copper and respectively for the produced concentrate, involved products and services through efficient and complex utilization of mineral raw materials and with long-term sustainable, healthy, safe and environment friendly mining operations, in accordance with the highest standards and good practices.

Vision of the company:

In a long-term plan Assarel-Medet JSC endeavors to ensure a dynamic, successful and sustainable corporate development, focusing upon good traditions, initiative, innovations and environment. The company will continue strengthening its high prestige and leadership positions in the mining branch in the country and abroad by implementing and creating the best production and management practices.

Motto of the company:

From the Nature to the People, from the People to the Nature!

Slogan of the company:

To start first means to start on time!

" To start first means to be on time" Video Clip