German raw material

German raw material AG
legal form	Corporation
ISIN	DE000A0XYG76
founding	2006
Seat	Mannheim , Germany
management	Thomas Gutschlag ; Jan-Philipp Weitz
Number of employees	22nd
sales	109 million euros (2018)
Branch	raw materials
Website	www.rohstoff.de
	As of December 31, 2018

The German commodity AG (DRAG) is a German, publicly traded holding company for raw materials and mining company based in Mannheim . The company develops and operates various subsidiaries and locations in Germany, the United States, Canada and Australia.

history

The company was founded in March 2006 by the lawyer Titus Gebel and the economist and former manager of the German stock exchange Thomas Gutschlag. The subscribed capital was € 400,000 when it was founded. In 2007 there was an increase to € 645,000. In the same year the establishment of the subsidiary carried Rhein Petroleum GmbH and participation with 17.4% at the Canadian Aurora Resources Inc . Rhein Petroleum acquired exploration permits for crude oil and natural gas in the Rhine Valley and in Bavaria. The company has the largest inventory of such permits in southern Germany.

The company acquired exploration permits for the rare earth area of Storkwitz (approx. 38,000 tons) near Delitzsch and the tin areas of Geyer (58,250 tons) and Gottesberg ( 121,000 tons of tin and 63,600 tons of copper). In 2008, the subscribed capital increased to € 806,250 through the entry of BASF Venture Capital. One third of the shares in Rhein Petroleum were sold to Activa Resources and one third to Herzford International. The stake in Aurora Resources Inc. was increased to 19%. In the following year the name was changed to Devonian Metals Inc. and the company's share was increased to 46.23%. The remaining shares are owned by Glencore .

In 2009, the subscribed capital rose to € 897,259. The share in Rhein Petroleum increased to 80%. The remaining co-owner was Herzford International.
In Australia, Deutsche Rohstoff Australia Pty Ltd. was established. founded. The company acquired several mining and exploration permits from the Australian company Plentex. In autumn 2010 Deutsche Rohstoff Australia developed the gold mine Georgetown Mine in North Queensland and mining began on January 11, 2011. At the end of 2011, production was stopped again and in autumn 2012 the company was sold to JKO Mining .

On May 27, 2010 the company went public. 4.1 million euros were acquired through a capital increase. The share capital rose to € 4,353,620. As part of a trial operation, gold was extracted from the Rhine and silver from a quarry in Hesse. Medals were minted from the metals extracted.

In January 2011, Tulip Oil Holding acquired the 20% share in Herzford International and a 55% share from Deutsche Rohstoff in Rhein Petroleum.

In January 2011, Tekton Energy LLC was also founded. Deutsche Rohstoff's stake in this oil and gas production company was initially 57%. The Americans Jerry Sommer and Earl Norris owned the remaining shares.

In May 2011, Wolfram Camp Mining Pty Ltd. was acquired for seven million Australian dollars. acquired. The company has an 85% stake in the tungsten - molybdenum mine "Wolfram Camp", which has been closed since 2008 . With the purchase of Tropical Metals Pty. Ltd. Deutsche Rohstoff AG acquired the rights to the Bamford Hill tungsten mine and the remaining 15% in "Wolfram Camp".

In July 2011, the exploration licenses for tin for the Geyer and Gottesberg areas were transferred to the newly founded company Sachsenzinn GmbH. In September 2011, Deutsche Rohstoff and the Australian company Helmsec Global Capital Limited founded Tin International Pty. Ltd. Deutsche Rohstoff has a share of 68%. Sachsenzinn GmbH was transferred to Tin International as a subsidiary. In November 2011 the company Seltenerden Storkwitz AG was founded with a share of 63% of Deutsche Rohstoff. The exploration permit for the rare earth region Storkwitz near Delitzsch was brought into this company .

Tekton Energy began producing oil using the hydraulic fracturing process in April 2012 . In spring 2012, ore mining began in the Wolfram Camp open-cast mine.

In September 2012, Tulip Oil Holding took over another 15% of Rhein Petroleum GmbH. Sachsenzinn began exploring and classifying the tin deposits in the Ore Mountains in 2012 . In the same year the explorations of the rare earths Storkwitz AG began.

In February 2013 the company received the exploration permit for the tin deposit near Sadisdorf in Saxony . In August 2013, Rhein Petroleum began the first test wells for crude oil near Crumstadt in the former “Stockstadt” oil field.

In March 2014, Tekton Energy's main assets were sold. The management team and Deutsche Rohstoff AG subsequently founded Cup Creek Energy. The rest of the Tekton Energy company becomes Elster Oil & Gas. In June 2014 Wolfram Camp Mining was sold to the tungsten producer Almonty Industries and Deutsche Rohstoff AG received a 25% stake in this company in return.

In January 2015, 15% of the Australian exploration company Hammer Metals is acquired and in June of this year Salt Creek Oil & Gas is founded in the United States.

The company is managed by a two-person board. On December 31, 2014, Titus Gebel resigned from his position as board member and CEO. Thomas Gutschlag, the previous CFO, took over the management of the company on January 1, 2015. Jörg Reichert was added to the board. Jörg Reichert was replaced by Jan-Philipp Weitz on January 1, 2017. In 2017 the company's headquarters were relocated from Heidelberg to Mannheim.

Company data

year	Companies		Group
year	Sales and other income	Profit of common business operation	Sales and other income	Profit of common business operation
2006	€ 3,000	−9,601 €
2007	€ 61,397	−491,988 €
2008	€ 40,117	−1,601,480 €
2009	€ 100,874	−272,547 €
2010	€ 1,311,983	€ 298,299	€ 2,612,175	−733,273 €
2011	€ 9,091,482	€ 7,962,553	€ 23,669,695	€ 7,856,393
2012	€ 7,627,462	€ 3,144,863	€ 15,163,105	€ 658,801
2013			€ 18,606,646	−7,809,309 €
2014			€ 133,553,883	€ 84,661,645
2015	€ 11,309,851	€ 4,961,262	€ 10,424,556	€ 1,659,550
2016	€ 9,085,116	€ 14,134,702	€ 19,667,189	€ 2,803,053

Shareholder structure

The share capital of € 5,322,147 in registered shares was distributed as follows as of December 31, 2012:

71.45% free float
11.00% Titus Gebel
9.30% Thomas Gutschlag
6.00% BASF Venture Capital
2.25% Union Investment

subsidiary company

In January 2018, Deutsche Rohstoff was involved in the following companies:

Companies	Amount of participation	Foundation or takeover	sale	comment	Web link
Devonian Metals Ltd.	47%	2007		The company holds zinc / lead / silver mining licenses at Wrigley. The remaining shares are owned by Glencore	http://www.devonianmetals.com/
Rhein Petroleum GmbH	10%	2007		The company has permits for the exploration and production of oil and natural gas in the Rhine Valley and Bavaria . The Dutch company Tulip Oil Holding owns 90% of the shares.	http://rheinpetroleum.de/
Ceritech AG formerly: Seltenerden Storkwitz AG	66.2%	2011		The company has the permit to explore rare earths in northern Saxony. 2014 Change of name to Ceritech AG after the rare earth deposits proved to be uneconomical and new business models in gypsum processing were developed	https://ceritech.com/
Elster Oil & Gas formerly: Tekton Energy LLC	93%	2011		In 2012, Tekton Energy began producing oil from shale gas deposits in the Windsor / Wattenberg gas production area in northern Colorado . 2014 sale of most of the assets. The rest of the company became Elster Oil & Gas, with the aim of developing and expanding production areas.	http://elsteroil.com/de/
Tin International Ltd.	61.5%	2011		Exploration permits for tin deposits are held in Geyer and Gottesberg via the subsidiary Sachsenzinn GmbH .	http://www.tin-international.com/de/
Wolfram Camp Mining Pty Ltd. Tropical Metals Pty Ltd.	100%	2011	2014	Operation of a tungsten-molybdenum mine in Queensland. Sale to Almonty Industries
Cub Creek Energy	88.5%	2014		Exploration, development and development of oil production in the Windsor / Wattenberg gas production area	http://cubcreek.rohstoff.de/de/
Salt Creek Oil and Gas	90.2%	2015		Identification, acquisition and development of American oil and gas deposits	http://saltcreekoilandgas.com/de/
Almonty Industries	13.3%	2014		Establishment of a tungsten producer	http://www.almonty.com/