DGAP-News: Deutsche Rohstoff AG: Almonty's Sangdong project receives preliminary Export Credit Cover
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DGAP-News: Deutsche Rohstoff AG
/ Key word(s): Financing
Deutsche Rohstoff AG: Almonty's Sangdong project receives preliminary Export Credit Cover Mannheim. Almonty Industries, in which Deutsche Rohstoff holds a 12.8% stake, has cleared the decisive hurdles for the project financing of the Sangdong mine in South Korea. After the financing bank, the KfW-IPEX Bank from Frankfurt, had already given a binding commitment at the beginning of February, the Austrian bank "Österreichische Kontrollbank" (OeKB) has now issued a preliminary Export Credit Cover (ECA), which secures 80% of the loan granted by KfW to Almonty. The financing volume amounts to USD 76 million. Loan documents are now being drafted and prepared to move to financial closing. Mannheim, 24 February 2020 Deutsche Rohstoff identifies, develops and sells attractive raw material deposits in North America, Australia and Europe. The focus is on the development of oil and gas deposits in the USA. Metals such as gold, copper, rare earths, tungsten and tin complete the portfolio. Further information can be found at www.rohstoff.de Contact
24.02.2020 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: | [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: | 982111 |
| End of News | DGAP News Service |
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982111 24.02.2020
Deutsche Rohstoff AG Stock
Currently there is a rather positive sentiment for Deutsche Rohstoff AG with 5 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 40 € is below the current price of 43.0 € for Deutsche Rohstoff AG, so the potential is actually -6.98%.
