About Somincor
Somincor is a company based in Castro Verde (Portugal) founded in 1980, and was acquired by Boliden in December 2024. Mining of copper, zinc, and lead is conducted by Somincor. Somincor offers products and services including Zinc and Copper. Its legal entity is Boliden Group.
Company details
Somincor was founded in 1980 as a mining company in Portugal. Operations are based in Castro Verde, where extraction of copper, zinc, and lead ores is carried out. The company is involved in the metals mining sector, managing underground and open-pit activities. Focus is maintained on resource development and production within the Iberian region, with emphasis on regulatory compliance and environmental standards.
- Headquarters Castro Verde, Portugal
- Stage Acquired
- Email••••••••
- Phone•••• ••••
- Website somincor.com.pt
- Social LinkedIn Facebook
- Acquired by Boliden (Dec 2024)
- Legal Name Boliden Group
Products & Services of Somincor
Somincor offers a comprehensive portfolio of products and services, including Zinc and Copper.
Zinc is mined and processed for industrial applications such as galvanizing and alloys
Copper is extracted and refined for use in electrical wiring and construction materials
Funding Insights of Somincor
- Total Rounds 3
- Last Round Grant — $20,818
- First Round $871,421
(Feb 2016)
- Investors Count 1
All 3 funding rounds of Somincor with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2017 | $20,818 | Grant | – | – | |
| Jun 2017 | $559,406 | Grant | – | – | |
| Feb 2016 | $871,421 | Grant | – | – |
2 investors in total: 2 institutional.
Investors in Somincor
Somincor has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Boliden and European Union.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Exploration and mining services for metals are provided by Boliden. | 1924 | boliden.com | Stockholm, Sweden |
Investor details for Somincor
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Somincor
4 dated milestones of Somincor across 44 years, from founding to its latest funding, stage changes and deals.
- Founded Somincor is founded.
- Funding First funding round of $871K.
- Funding Latest funding round, Grant, of $21K.
- Exit Acquired by Boliden.
Web traffic of Somincor
The website of Somincor (somincor.com.pt) receives about 1.1K visits a month.
- Monthly visits1.1K
▲ 8.7% vs previous month
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Frequently Asked Questions about Somincor
Somincor was founded in 1980 and raised its 1st funding round 36 years after it was founded.
Somincor is headquartered in Castro Verde, Portugal. It is registered at Castro Verde, Beja, Portugal.
Somincor was founded in 1980 as a mining company in Portugal. Operations are based in Castro Verde, where extraction of copper, zinc, and lead ores is carried out. The company is involved in the metals mining sector, managing underground and open-pit activities. Focus is maintained on resource development and production within the Iberian region, with emphasis on regulatory compliance and environmental standards.
Somincor offers Zinc and Copper.
Somincor has 2 investors. Key investors include Boliden, and European Union.
Somincor operates through Boliden Group.
Yes. Somincor was acquired by Boliden in December 2024.