DGAP-News: Deutsche Rohstoff AG:
(firmenpresse) - Deutsche Rohstoff AG / Key word(s): Miscellaneous
13.09.2010 09:46
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Deutsche Rohstoff AG: Loan of four million Euro obtained
Georgetown goldmine funding
Heidelberg. Deutsche Rohstoff AG has obtained a loan of four million Euro
from a private investor. It will be used to bring into production and to
further develop the Georgetown goldmine in Queensland, Australia. The term
of the loan is twelve months; interest rates correspond to standard market
conditions.
'We are very glad to considerably extend our funding. This allows us to put
the Georgetown goldmine into operation before the end of the year and to
prepare the changeover to sulphidic ore dressing which is scheduled for
mid-2011', says Dr Thomas Gutschlag, CFO of Deutsche Rohstoff AG.
The private investor and Deutsche Rohstoff AG intend to extend cooperation
beyond the loan and to jointly develop commodity projects.
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.
Heidelberg, September 13, 2010
Contact:
Dr. Titus Gebel
Deutsche Rohstoff AG
+49 6221 652 4730
gebel(at)rohstoff.de
13.09.2010 09:46 Dissemination of a Corporate News, transmitted by DGAP -
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Datum: 13.09.2010 - 09:46 Uhr
Sprache: Deutsch
News-ID 32183
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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