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FAB/DERA Mineral Resources Round-Table Discussion at CRONIMET Mining
Ensuring sustainable supplies of copper, molybdenum and rare earths to the German economy was the key theme of the "Mineral Resources Round-Table Discussion" organised jointly by FAB (German Federation of International Mining and Mineral Resources) and DERA (German Mineral Resources Agency) on 21 June 2012. The host of this year's event was Karlsruhe based Cronimet Mining.
Around 50 high-profile representatives from the worlds of business and politics, including representatives of the German Ministry of Economics and Technology and the Canadian German Chamber of Industry and Commerce, as well as experts from universities and trade associations, discussed new mineral resource potentials, projects and current market developments. In terms of copper, molybdenum and rare earths, the participants in the Mineral Resources Round Table see good prospects for diversification. The key focus here is to ensure that the mineral resource needs of German industry are met.
"Metals such as rare earths are of particular significance for the development of future technologies, for example wind power and electromobility. For all three raw materials it is important to realise all potentials both in terms of mining and recycling," stated Peter Buchholz, the new Head of DERA.
Thomas Heil, CEO of CRONIMET Mining, also emphasised the importance of the extractive industries: "Mineral resource policy and security has rarely been so high on the economic, political and public agenda. Through dialogue and knowledge exchange we are creating a framework to enable us to continue to contribute actively to the security of German mineral resource supplies."
Martin Wedig, Managing Director of FAB, was interested in the large number of national and international mineral resource projects that offer potential for future developments and supply of the German economy: "Project financing remains a major challenge. It will be crucial in future to strengthen the value chain between primary production and processing with German knowhow, services and technologies."
This event in Karlsruhe signals the establishment of an annual "Mineral Resources Round-Table Discussion" at different locations of members of the FAB as an open dialogue forum. The aim is to facilitate indepth knowledge exchange between representatives from the worlds of business and politics and to discuss the challenges of securing mineral resource supplies from a political, operational and economic perspective.
The German Mineral Resources Agency (DERA) is part of the German Federal Institute for Geosciences and Natural Resources (BGR) and advises German companies on the devel-opment of alternative strategies for securing mineral resource supplies and provides wideranging information on potential price and delivery risks as well as mineral resource potentials in individual countries. The FAB/DERA Mineral Resources Round-Table Discussion is part of DERA's overall mineral resource dialogue with business.
The German Federation of International Mining and Mineral Resources (FAB) is a federation of German companies that are active in international mining and in various service activities related to mineral resource extraction. FAB with its 60 members is part of the Ger-man Association of Mineral Resources and Mining (VRB) and represents the international concerns of its members.
ABOUT CRONIMET MINING
CRONIMET Mining AG, a subsidiary of the family-run CRONIMET Group, is a strategic investor and dealer in raw materials and has its headquarters in Karlsruhe, Germany. With 13 subsidiaries across three continents and its own raw material storage facilities in South Africa and Armenia, the company employs a workforce of around 3,400 who are active in the areas of exploration, production and trading in raw materials for the metal production industry. In 2011 CRONIMET MINING AG sold around 130.000 tonnes of primary raw materials and industrial intermediate products.
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