Deutsche Rohstoff AG
Deutsche Rohstoff AG: Ceritech AG signs term sheet with Copebrás in Brazil for further Rare Earth project development
DGAP-News: Deutsche Rohstoff AG / Key word(s): Alliance
Deutsche Rohstoff: Ceritech AG signs term sheet with Copebrás in Brazil for further Rare Earth project development Mannheim/Leipzig. Ceritech AG, 67,9 % owned by Deutsche Rohstoff AG, announced today that is has signed a non-binding Term Sheet with the Brazilian company Copebrás Indústria Ltda (Copebrás). The Term Sheet outlines the future development of the extraction of Rare Earth Elements from phosphogypsum. Essential elements of the Term Sheet include the conduct of beneficiation test work and the preparation of an early stage economic feasibility study. Copebrás is the second largest phosphate fertilizer business in Brazil, and is wholly owned by the international resource company China Molybdenum Co. Ltd. (CMOC), following an acquisition from Anglo American in September 2016. One of the by-products of the production process is Rare Earth-bearing phosphogypsum. Ceritech intends to use this phosphogypsum to establish a low-cost Rare Earth producer by eliminating exploration and mining costs. With the signed Term Sheet, both parties intend to cooperate in additional beneficiation and downstream test work. The results are expected to become available in the second half of 2017. Mannheim, 28 June 2017 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:
28.06.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Deutsche Rohstoff AG |
Q7, 24 | |
68161 Mannheim | |
Germany | |
Phone: | 0621 490 817 0 |
Fax: | 0621 490 817 22 |
E-mail: | gutschlag@rohstoff.de |
Internet: | www.rohstoff.de |
ISIN: | DE000A0XYG76, DE000A1R07G4, |
WKN: | A0XYG7, A1R07G |
Indices: | Entry Standard (Performance TOP 30) |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt |
End of News | DGAP News Service |