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
Dr. Thomas Gutschlag
Deutsche Rohstoff AG
Friedrich-Ebert-Anlage 26, 69117 Heidelberg
Tel: 06221/652 4730
Koppelstätter Kommunikation GmbH
Friedrichstraße 2, 76530 Baden-Baden
Tel: 07221/97372 11
Fax: 07221/97372 22