Petroleum / Mining in Germany
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GERMANY, 2015/05/14
German company ThyssenKrupp Metallurgical Products has been given exploitation rights for rare earths in Burundi - a country in turmoil over President Pierre Nkurunziza's bid for a third term.
Private mining company Rainbow Rare Earth Limited explored an area of 39 square kilometers (15 square miles) in the Gakara area for about four years. Conditions seemed ideal: Hundreds of thousands of tons of ores like bastnaesite and monazite were simply waiting to be extracted.
The company was granted a mining license by Burundi's government in March 2015. Operations are expected to start by the end of this time- Rainbow Rare Earth intends to extract 5,000 tons of ore annually.
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GERMANY, 2013/12/09
The price of fell below $94 on Wednesday next Germany, Europe's major economy, reported anemic increase for the initial quarter.
Benchmark oil for June delivery was down 64 cents to $93.57 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange.
Germany avoided recession in the initial three months of the year, growing 0.1 % compared with the previous three-month period's 0.7 % drop. However, traders expected to see slightly stronger increase of 0.3 %.
On Tuesday, West Texas Intermediate crude fell 96 cents to close at $94.21 next the International Energy Agency raised its estimate for U.S. oil production while cutting its prediction for world crude request. Analysts said assessments such as the one from the Paris-based IEA were keeping crude prices in check.
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GERMANY, 2013/08/27
Broad-based domestic request drove the strongest German quarterly expansion in additional than a year between April and June, fuelling optimism Europe’s major economy will outperform in 2013 and support the nascent eurozone recovery.
Details released on Friday showed a construction flurry next the harsh winter, firms’ strong appetite for machines and equipment and healthy private consumption all underpinned a 0.7 % quarterly rise in gross domestic product (GDP)
