Positions in the World

The Medet Mine (1964-1994) construction started in 1961 and it was the largest open pit mine in Europe and the third largest in the world for the time.
Efficient mining and processing of copper ore with copper grade lower than 0,4 % was organized here more than 40 years ago for the first time in the world. This is a practice which was later commonly applied in the mining industry.

The Executive Director Dr. eng. Lachezar Tsotsorkov is one of Bulgaria’s representatives in the organizational committee of the World Mining Congress and he has participated in 5 of his forums a so far. He presented a report on the company’s achievements in the environmentally friendly business management at the International Conference on Sustainable Development in New York. The prestigious international forum was established by the Karl Duisberg foundation under the auspices of the UN in 1997 and Assarel-Medet JSC represented the countries from Southeastern Europe.

Assarel-Medet JSC is actively involved in international business organizations and associations such as the World Mining Congress, the European Business Congress (through Assarel-Invest JSC) etc.

It joined the UN’s Global Compact for Sustainable Development in 2003 and it presented itself as a company which takes care for human rights protection, labor conditions and environment and which also gives support in studies dedicated to humankind’s progress.

The company is also among the first sponsors of the Bulgarian research in Antarctic organized by the Atlantic Club. Since January 31, 1995 the Bulgarian national flag and the flag on the company have been waving on the island of Livingston.

Film about the History of the Company

Positions in the Country

Assarel-Medet JSC Mining and Processing Complex is the first, biggest and leading Bulgarian company for open pit mining and processing of copper and other types of ore. It provides more than a half of the copper production in the country and it has a structure determining and unique place in the Bulgarian economy.

Being a leader in the Bulgarian mining industry the company is a pioneer in implementing new advances methods and technologies in the mining branch in our country reporting top production results.

Asserting its motto: “From Nature to people, from people to Nature”, Assarel-Medet sets the care for environment as a priority in its policy. The first in the country corporate environmental system for monitoring the impact upon the environment has been functioning on the territory of the mining and processing complex even since 1988.

Today Assarel-Medet is among the fifteen largest industrial enterprises and investors in Bulgaria. Being the first Bulgarian company which was awarded a Certificate for First Class Investor it has been implementing a large-scale operations modernization project at the amount of more than 100 million US Dollars since 2005 by introducing mining equipment, flotation equipment and automation systems which are unique in the country.

Assarel-Medet is ranked at the first place in the poll conducted by the Business Week Magazine as the most dynamically developing Bulgarian company in 2006 based on the reported increase in sales, incomes, productivity and employment.

Assarel-Medet is among the adherents of the national campaign for struggle against grey economy held by the Bulgarian Chamber of Commerce. According to published data of the National Incomes Agency the company is a top insurer in the mining industry with the highest monthly income of its employees in 2006. It was acknowledged as one of the best employers in the country and investor of the year in the mining industry for 2007.

As a leader in the Bulgarian mining branch, Assarel-Medet constantly implements and created the best managerial and production practices. In 1999 it was awarded with the first for the Bulgarian mining industry Certificate for Quality Management, ISO 9001 and in 2002 the first Certificate for Environment Protection, ISO 14001, in the country.

In 2003 Assarel-Medet became the first Bulgarian heavy industry company which implemented an Integrated Management System in compliance with the three major international standards: ISO 9001 for quality, ISO 14001 for environment protection and 18001 for healthy and safe labor conditions.



Positions in the Region

Assarel-Medet JSC is the largest company and a major leading factor for the social and economic development and image of the municipality of Panagyurishte and the municipality of Pazardzhik. Being a model of high corporate culture it fulfills its social responsibility with a priority focus to the environment protection, human capital development and support for the local community.

More than 1000 apartments, two schools, two kinder gardens, a culture center, a center of the miner, a stadium, a ski track, student’s camp, a church, a purification station and potable water pipelines, hotels, thousands of trade sites, etc. were built with the funds of the company on the territory of the town of Panagyurishte, the village of Panagyurski Kolonii and the town of Zlatitsa for the last decades.

The rendered support through donations is a traditional long-term one and most significant for the municipality of Panagyurishte. The company turns into reality the modern understanding for corporate social responsibility by showing commitment to the dynamic development and life standard improvement in Panagyurishte.

Assarel-Medet JSC provided the main financial support for the implementation of a number of significant infrastructural projects including the adjustment of the Luda Yana river bed, building of a covered market in Panagyurishte, improvement of the town’s park, overall reconstruction of the Tzar Osvoboditel circus, purchasing street cleaning equipment, building a monument of Rayna Knyagyna and many others only for the last few years.

The company renders a result-orientated support to healthcare by providing sophisticated and life-saving medical equipment for the needs of the local hospital and diagnostic center. It traditionally supports education, important cultural and patriotic initiatives, encourages the development of sport, tourism and youth activities and lends a hand to charity events and initiatives for people in unequal status.

Using its international business contacts Assarel-Medet advances the development of the town of Panagyurishte and actively assists the investment environment and contacts establishment between the municipality and leading European cities.

Town of Panagyurishte

Support for Infrastructure Projects

Social Responsibility