Deutsche Rohstoff[quot
In the Metals sector, the Group has two subsidiaries and a very important stake in the Canadian company Almonty Industries. Almonty, in which Deutsche Rohstoff holds a stake of about 12.8%, is an established producer of the highly coveted metal tungsten. Due to its density and hardness, it is used for alloys in many cases. It is indispensable for many high-tech products. Almonty has an outstanding position in this field and is increasingly developing into the most important tungsten producer outside of China.
Almonty is currently mining at the Panasqueira mine in Portugal. The South Korean Sangdong project is currently in the development phase and will supply significant quantities of tungsten at very favorable production costs when commissioned.e=][/quote]
In South Korea, where Almonty Industries has started to build a new tungsten mine, intensive consultations were held with local associations and non-governmental organizations. The population is informed very promptly about the progress of the project. Many jobs are awarded locally. The approval of the project is overwhelming: all major stakeholders have expressed their full support for its implementation as soon as possible.
In all cases, we consider it an essential part of our work to achieve added value for the people directly and indirectly involved and to avoid negative influences. wrote: