BEITEN BURKHARDT advises KGHM Cuprum Sp. Z.o.o. in exploring a natural copper deposit in Saxony. The Polish public-sector enterprise, which is also Europe’s largest copper producer, is one of three mining business aspiring to explore for the Lusatia deposits. While procedures around the “Spremberg” deposit (which was examined during the time of the German Democratic Republic) continues to be highly controversial, Saxony’s superior mining authority now announced that the concession to explore the largest deposit, “Weißwasser”, will be granted to Cuprum.
As a result, it is now possible to begin with geophysical examinations and test drilling. Identifying possible deposits is a prerequisite for the later mining of the precious metal. The copper deposit in the Lusatia region is estimated to contain more than 1.5 million tons, which would make it the largest in Germany. Considering the enormous copper price increases of late, mining will be worth while even if conditions are unfavorable.
BEITEN BURKHARDT advises KGHM Cuprum Sp. Z.o.o. with regard to the exploration and concession procedures required under mining law.
According to Berthold Mitrenga, leader of the firm’s practice group Public-Sector Economic Law/ Procurement Law, this is "yet another evidence of the wide-ranging technical competence in this group, and of BEITEN BURKHARDT in general."
Advisors to KGHM Cuprum Sp. Z.o.o. at BEITEN BURKHARDT:
Berthold Mitrenga (responsible Equity Partner); Peter Probst, Stephan Rechten (Public-Sector Economic Law); Olga Engelking (East European Desk).
As a result, it is now possible to begin with geophysical examinations and test drilling. Identifying possible deposits is a prerequisite for the later mining of the precious metal. The copper deposit in the Lusatia region is estimated to contain more than 1.5 million tons, which would make it the largest in Germany. Considering the enormous copper price increases of late, mining will be worth while even if conditions are unfavorable.
BEITEN BURKHARDT advises KGHM Cuprum Sp. Z.o.o. with regard to the exploration and concession procedures required under mining law.
According to Berthold Mitrenga, leader of the firm’s practice group Public-Sector Economic Law/ Procurement Law, this is "yet another evidence of the wide-ranging technical competence in this group, and of BEITEN BURKHARDT in general."
Advisors to KGHM Cuprum Sp. Z.o.o. at BEITEN BURKHARDT:
Berthold Mitrenga (responsible Equity Partner); Peter Probst, Stephan Rechten (Public-Sector Economic Law); Olga Engelking (East European Desk).
