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Deutsche Rohstoff AG
Share Issue/Capital Change • Jun 3, 2019
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Corporate | 3 June 2019 09:47
Deutsche Rohstoff AG: Almonty pushes Sangdong development forward
DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous
03.06.2019 / 09:47
The issuer is solely responsible for the content of this announcement.
**Deutsche Rohstoff AG: Almonty pushes Sangdong development forward
Korean government owned utility finances construction of power line/New video online**
Mannheim/Toronto. The development of the Sangdong Mine in South Korea, 100% owned by Almonty Industries, is progressing. The company has now announced, that it has signed a contract with the South Korean utility company KEPCO (Korea Electric Power Cooperation) for the construction of an exclusive 10 MW line to supply the mine and processing facilities. The cost of USD 1.7 million for the power line will be fully covered by KEPCO under an industrial development program. The power line is to be completed by June 2020, a few months before the mine is scheduled to go into operation.
Almonty has also published another video that illustrates the importance and great opportunities of the Sangdong Mine.
It can be viewed at http://www.almonty.com/company/company-videos/ .
Mannheim, 3 June 2019
Deutsche Rohstoff identifies, develops and divests attractive resource projects in North America, Australia and Europe. The focus is on the development of oil and gas opportunities within the United States. Metals, such as gold, copper, rare earth elements, tungsten and tin complete our portfolio. For more information please visit www.rohstoff.de.
Contact
Deutsche Rohstoff AG
Dr. Thomas Gutschlag
Tel. +49 621 490817 0
03.06.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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| Language: | English |
| Company: | Deutsche Rohstoff AG |
| Q7, 24 | |
| 68161 Mannheim | |
| Germany | |
| Phone: | 0621 490 817 0 |
| Fax: | 0621 490 817 22 |
| E-mail: | [email protected] |
| Internet: | www.rohstoff.de |
| ISIN: | DE000A0XYG76, DE000A1R07G4, |
| WKN: | A0XYG7, A1R07G |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 818297 |
| End of News | DGAP News Service |