GERMAN RAW MATERIAL: CURRENT HOLES IN USA CLEARLY UNDER BUDGET
GERMAN RAW MATERIAL: CURRENT DRILLING IN USA SIGNIFICANTLY UNDER BUDGET Profitability of Rhein Petroleum drilling confirmed / New bond planned Mannheim. Drilling from the Olander site, which Cub Creek Energy began in June and completed in September, will be completed next week. Production is expected to start in December. Due to the current decline in activities in the US oil [...]
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GERMAN RAW MATERIAL: ELSTER PUBLISHED PRODUCTION RESULTS
Mannheim / Denver. Elster Oil & Gas (Elster) today published the production rates for new wells that started production from various wells in February and March. Elster holds a share of around 35% in these wells. In the first 30 days of stable production, Elster accounted for around 7.493 barrels of oil equivalent (BOE) per day, of which [...]
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GERMAN RAW MATERIAL: HAMMER METALS AND NEWMONT MINING AGREEMENT EARN-IN JOINT VENTURE IN THE MOUNT ISA REGION
Heidelberg. The Australian Hammer Metals Limited ("HMX"), in which Deutsche Rohstoff has a 16,37% stake, announced today that it has signed a joint venture agreement with Newmont Mining. Newmont (www.newmont.com) is one of the world's leading gold producers, headquartered in Denver, Colorado. The two companies will cover an area of 250km2 in the Mount Isa region [...]
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GERMAN RESOURCE AG: ALMONTY INDUSTRIES CONVERTIBLE CONVERTIBLE DRAWN ABOVE 4 MILLION CANADIAN DOLLARS
Completion of the merger of Almonty with Woulfe / total financing CAD 7,78 million September 11, 2015 Heidelberg / Toronto. Almonty Industries announced today that the merger with Woulfe Mining has been successfully completed. At the same time, the company closed a $ 7,78 million financing. As part of this financing, Deutsche Rohstoff AG subscribed to a convertible bond in the amount of [...]
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DEUTSCHE ROHSTOFF AG: HAMMER METALS INCREASES COPPER RESOURCE OF THE "OVERLANDER" SUB-GROUP BY 53%
New JORC estimate confirms 1,77 million tons of ore with 1,2% copper content Heidelberg. The Australian Hammer Metals Limited ("HMX"), whose largest shareholder is Deutsche Rohstoff, has announced a new JORC-compliant (2012 Edition) resource estimate for the "Overlander" sub-area. The now available estimate results from the sum of the derived ("inferred") and indicated ("indicated") resources for [...]
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Deutsche Rohstoff and Almonty Industries settle all claims related to the acquisition of the Wolfram Camp Mine
BY DEUTSCHE ROHSTOFF ON FEBRUARY 25, 2015 Heidelberg / Toronto. Deutsche Rohstoff and Almonty Industries announce that they have concluded an agreement with which all claims under the provisions of the share purchase agreement (SSA) of September 22, 2014 are now fully settled. According to this agreement, the amount of the convertible bond that Deutsche Rohstoff AG received as part of the sale of Almonty is reduced [...]
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German Commodity: Investment Almonty Industries Announces Planned Merger with Woulfe Mining
BY DEUTSCHE ROHSTOFF ON JANUARY 27, 2015 · ADD COMMENT Leading tungsten producer outside of China is established in Heidelberg. Almonty Industries announced today that it has entered into a letter of intent with Woulfe Mining to merge the two companies into the leading tungsten producer outside of China. The transaction is expected to close in the next 30 days. The full report can be found on [...]
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German commodity: Tekton completes sale successfully
BY DEUTSCHE ROHSTOFF ON MAY 30, 2014 Net inflow of a total of USD 220 million / option to a further USD 60 million in Heidelberg / Denver. Tekton Energy has announced the completion of the examination phase by the buyer, the previous cooperation partner Extraction Oil & Gas from Denver. The sale of the Windsor project is now complete. In addition to the advance payment of 18 [...]
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German raw material: Tekton Energy reports production results and gives an update on the sales process
BY DEUTSCHE ROHSTOFF ON APRIL 30, 2014 250.761 BOE in the first quarter / completion of the sale on or before May 30 expected Heidelberg / Denver. Tekton Energy announced today that in the first quarter of 2014 a total of 250.761 barrels of oil equivalent (BOE) were produced from the wells operated by Tekton. After deducting the shares of partners and the taxes on landowners, [...]
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German raw material: tin license Sadisdorf with considerable potential
40.000 tons of tin possible / Preparations for dismantling in Gottesberg are progressing Heidelberg / Chemnitz. Chemnitz-based Sachsenzinn GmbH, a subsidiary of Deutsche Rohstoff AG, has received a positive assessment of the tin deposits in Sadisdorf in the Eastern Ore Mountains from the renowned Australian engineering office CSA Global (www.csaglobal.com). After reviewing the historical data, CSA assumes that it is possible in the [...]
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