DGAP-News: Deutsche Rohstoff AG:
(firmenpresse) - Deutsche Rohstoff AG / Miscellaneous
07.06.2010 10:12
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Deutsche Rohstoff Australia obtains Environmental Authority for gold
project in Australia
The mining company from Heidelberg has cleared a major hurdle and is
planning to start production in autumn
Heidelberg/Georgetown. Deutsche Rohstoff AG has taken a significant step
towards its goal of mining gold in Australia. The Georgetown gold mine is
to be brought into production as early as in autumn 2010. The Department of
Environment and Resource Management (DERM) of the Australian federal state
of Queensland has granted Deutsche Rohstoff Australia Pty Ltd the crucial
Environmental Authority for the Georgetown gold project on 1 June 2010. It
includes rights to mine gold ore in the licence areas of Red Dam and
Electic Light, to dress the ore in the processing plant Georgetown, and to
drain the tailings into a sedimentation pond.
Deutsche Rohstoff Australia is a 100 per cent subsidiary of Deutsche
Rohstoff AG. The authority's decision was preceded by extensive
environmental studies which investigated the impacts of gold mining and
processing on air, water, flora and fauna and, of course, the inhabitants
of the respective areas. Australia has very strict environmental licensing
requirements regarding gold production.
Deutsche Rohstoff Australia had applied for the Environmental Authority as
early as in September 2009. The application already included the mining
plan as well as the conceptual design of the processing plant and the
sedimentation ponds. In the last couple of months, several details have
been reconsidered together with the authority and the application has been
modified accordingly.
Dr Titus Gebel, CEO of Deutsche Rohstoff AG, commented as follows: 'By
obtaining the Environmental Authority, our gold project has taken a further
step towards production. We will continue to do everything to ensure the
environmental sustainability of this project.'
The Georgetown project currently comes with approx. 155.000 ounces of gold
and 165.000 ounces of silver, out of which 95 per cent meet the Australian
JORC standard. As a start, the company is planning to mine around 2000
ounces per month from autumn 2010 on.
With Dr Frank Leschhorn and Patrick N. Scott, the management comprises two
mining engineers with decades of experience in gold and coal mining. An
exploration programme to expand resources is scheduled to start this month.
Deutsche Rohstoff AG (Heidelberg, Germany), listed in the Entry Standard
segment of Frankfurt Stock Exchange, is establishing a new primary
producer. The company's focus is placed on gold, oil/gas and so called high
tech metals such as indium, gallium, rare earth metals, cobalt. All
projects are located in countries marked by political stability, the core
area being Germany. The business concept is based on redeveloping deposits
which have been well explored in the past. Production start is scheduled
for 2010.
Please visit www.rohstoff.de for more information
Heidelberg, 07 June 2010
Contact:
Dr. Thomas Gutschlag
+49 6221 652 47 30
gutschlag(at)rohstoff.de
07.06.2010 10:12 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
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Datum: 07.06.2010 - 10:12 Uhr
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