About the company
Company History
Initially established as Janghang Smelter in 1936, LS MnM has grown into a world-class metals/materials company.
Here are some of the milestones we have accomplished on the way.
Cultivating the potential for future leaps forward
At the time of its establishment in 1936, the annual production capacity of Janghang Smelter was only 1,500 tons, which then expanded to 50,000 tons by mid-1970s. As the heavy chemical industry became the center of the national industrial structure, in 1979, the Onsan Smelter, a large-scale copper smelter equipped with an annual capacity of 80,000 tons of flash smelting facilities, was established.
In December 1979, about three years after construction began, Onsan Copper Smelter Co., Ltd. completed the construction of a copper smelter with an annual production capacity of 80,000 tons of electrolytic copper and flash smelting facilities
Korea Mining & Smelting carried out the first facility expansion project in September 1972 and started operation of the 2nd Refinery Plant in August 1975, securing a production capacity of 2,000 tons of electrolytic copper per month.
In order to meet the growing demand for copper due to rapid industrialization, Korea Mining & Smelting Corporation designed a five-year plan to increase copper production. In order to secure funds for this project, Korea Mining & Smelting Corporation transferred management rights to Lucky Group through privatization, following which the company name was changed to Korea Mining & Smelting Co., Ltd.
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1979
12 Completed the construction of the Onsan Copper Smelter.
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1975
08 Started the operation of the 2nd Refinery Plant.
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1971
06 Privatized as Korea Mining & Smelting Co., Ltd.
