PRESS RELEASE: Deutsche Rohstoff AG: Group Development update, dated 03/05/2011 06:45
About Kiefernberg:
Nickel
Kiefernberg, Germany (100%): A pre-feasibility study on the processing of nickel laterite ores showed that in view of the current price level cost-efficient mining may not be expected. Consequently, we will not continue to pursue this project. The anyway minor residual book value totalling EUR 22,600 will be fully depreciated in the 2010 financial statements.
some info from drag
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