Graphit Kropfmühl AG: Graphite mining recommences in Kropfmühl
(firmenpresse) - Graphit Kropfmühl AG / Key word(s): Enterprise/
Graphit Kropfmühl AG: Graphite mining recommences in Kropfmühl
DGAP-Media / 21.06.2012 / 12:00
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On 21 June 2012, the graphite mine at the Kropfmühl site was officially
reopened with a celebration to mark the occasion. Graphite mining in
Kropfmühl has once again become feasible due to the growing demand for
graphite and the price developments on the world markets.
The Supervisory Board and Management Board of Graphit Kropfmühl AG decided
in 2011 to make the required investments to recommence graphite extraction
in Kropfmühl.
During the course of a year, Graphit Kropfmühl AG processes over 25,000
tonnes of graphite. This graphite originates from the company's own mines
in Africa and Asia as well as from procurement sources worldwide. With an
initial team of 10 employees, the Kropfmühl mine will extract graphite at a
depth of 220 metres. Around 300 tonnes of graphite are already set to be
extracted in 2012. Mining activities will then gradually be expanded. In
2013, the company plans to source approx. 1,300 tonnes of graphite from the
Kropfmühl mine.
Securing resources through the company's own raw materials deposits is a
central goal in the corporate strategy of Graphit Kropfmühl AG. That is why
the company is increasingly working on tapping further deposits of its own
for securing the supply in the long term. To this end, exploration projects
are currently being carried out in countries such as Mozambique.
Graphit Kropfmühl AG has been synonymous with raw materials expertise for
140 years. Extensive experience, specialist knowledge and constant research
work have made GK a trend-setting graphite refinement company
internationally. Cutting-edge applications for graphite have emerged in the
'Energy saving' sector (e.g. in construction chemistry) as well as in
batteries for electro-mobility.
The majority of Graphit Kropfmühl AG shares are held by AMG Mining AG,
Munich a subsidiary of AMG Advanced Metallurgical Group N.V., Amsterdam.
Pocking-based RW silicium GmbH has been a wholly-owned subsidiary of
Graphit Kropfmühl AG since 1998. RW silicium is the only German
manufacturer of silicon-metal, which is mainly used in the chemicals and
aluminium casting industries.
In 2011 the company generated record revenue of EUR 118.9 million, making
it the most successful financial year in the history of Graphit Kropfmühl
AG.
Management Board
End of Media Release
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Language: English
Company: Graphit Kropfmühl AG
Langheinrichstraße 1
94051 Hauzenberg
Germany
Phone: +49 (0)8586/609-197
Fax: +49 (0)8586/609-111
E-mail: ir(at)gk-graphite.com
Internet: www.gk-graphite.com
ISIN: DE0005896005
WKN: 589600
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP-Media
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174849 21.06.2012
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Datum: 21.06.2012 - 12:00 Uhr
Sprache: Deutsch
News-ID 158608
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