Saar and Moselle mining company
The Saar- und Mosel-Bergwerks-Gesellschaft , headquartered in Karlingen (today Carling , France ), was a mining company owned in the Saarland - Lorraine coalfield.
The company was founded in 1873. In 1900 a consortium consisting of Hugo Stinnes , August Thyssen , Hugo Sholto von Douglas and the Dresdner Bank , represented by Waldemar Mueller , took over the company.
The consortium expanded and modernized the Saar-Moselle by sinking new shafts, building new systems and acquiring additional mine fields, particularly in Merlenbach, Freimengen (today: Freyming-Merlebach , France) and Spittel.
In 1910 Stinnes sold his stake to the German-Luxemburgish Mining and Hütten-AG under his influence. After a dispute with August Thyssen, Deutsch-Luxemburg acquired Thyssen’s shares in 1916, to which the German Emperors union was now entitled.
After the First World War , the company was on French territory. In 1919, Saar-Mosel was therefore confiscated and liquidated by the French government. German Luxembourg was compensated for this in worthless paper currency by the German Reich .
In 2003 the last mine in Merlebach was shut down.