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 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: ALMONTY ANNOUNCES FUSION AGREEMENT WITH WOULFE MINING
Woulfe Management recommends that shareholders accept the Heidelberg offer. Almonty Industries, a subsidiary of Deutsche Rohstoff AG, today signed a merger agreement with Woulfe Mining Corp. announced. The agreement provides for all Woulfe shares to be exchanged for Almonty shares, subject to the approval of the Toronto Stock Exchange Commission (TSX), the Supreme Court of British Columbia and a [...]
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Tariffs on rare earths are abolished
Rare earth export taxes will be abolished on May 1, the Chinese Ministry of Finance announced in a statement on Thursday. A move that analysts say will stimulate China's exports of the rare resource. On rare earths (SE) - a group of minerals vital to the technology and defense industries - as well as tungsten, [...]
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DERA publishes new raw material list
NEWS 23.03.2015/300/XNUMX | MARKT DERA publishes new raw materials list The German Raw Materials Agency (DERA) today published the new DERA raw materials list for global supply concentration. Around a third of the almost XNUMX examined mineral raw materials and commercial products show increased price and delivery risks in this regard. They include steel refiners such as niobium, vanadium and tungsten, but also high-tech metals such as rare earths, germanium, platinum metals [...]
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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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Even rare earths affected by tax reform
In the future, rare earths in China will no longer be taxed according to quantity, but rather according to price. Experts fear a further increase in the illegal trade in the coveted raw materials. The resource tax is to be massively increased across China. According to the government's will, a tax of 22 percent is to be levied on light rare earth elements from northern China [...]
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Rare earth: China must eliminate chaos in the industry
Illegal mining, black markets, smuggling - China's rare earth (SE) mining industry is sinking into chaos. According to a high official, this chaos caused prices to collapse and other massive problems. The government must intervene. Jia Yinsong, a senior official of the Ministry of Industry and Information Technology (MIIT), said at the Sixth Forum of the Chinese SE Industry (CREI) [...]
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German commodity sells Australian tungsten camp mine
BY DEUTSCHE ROHSTOFF ON JUNE 30, 2014 Sales price 18 million Canadian dollars / participation in the larger tungsten producer Heidelberg / Toronto. Deutsche Rohstoff AG today signed an agreement to sell all shares in the Australian companies Wolfram Camp Mining and Tropical Metals, which it holds 100%. The companies operate the Wolfram Camp tungsten and molybdenum mine in Queensland / Australia. The buying price […]
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