Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last €14.00 EUR
Change Today 0.00 / 0.00%
Volume 0.0
TAEN On Other Exchanges
Symbol
Exchange
Dusseldorf
OTC US
Dusseldorf
As of 2:29 AM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

tantalus rare earths ag (TAEN) Snapshot

Open
€15.00
Previous Close
€14.00
Day High
€15.00
Day Low
€14.00
52 Week High
12/1/14 - €18.58
52 Week Low
04/23/15 - €9.50
Market Cap
58.1M
Average Volume 10 Days
729.0
EPS TTM
--
Shares Outstanding
4.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TANTALUS RARE EARTHS AG (TAEN)

Related News

No related news articles were found.

tantalus rare earths ag (TAEN) Related Businessweek News

No Related Businessweek News Found

tantalus rare earths ag (TAEN) Details

Tantalus Rare Earths AG engages in the exploration and development of rare earth minerals. The company’s principal property includes the TRE Project comprising 768 individual blocks with an area of 300 square kilometers located on the Ampasindava Peninsula in north-western Madagascar. It provides tantalum, niobium, zirconium, and gallium; and hafnium, tin, silver, and base metals. The company was incorporated in 2008 and is headquartered in Grünwald, Germany.

Founded in 2008

tantalus rare earths ag (TAEN) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

tantalus rare earths ag (TAEN) Key Developments

Tantalus Rare Earths AG Signs Supply Contract with ThyssenKrupp Metallurgical Products GmbH

Tantalus Rare Earths AG announced the signing of a multi-year supply contract for rare earth oxides with ThyssenKrupp Metallurgical Products GmbH. Under the agreement, ThyssenKrupp will annually purchase 30% of the output (up to 3,000 tons, once full production capacity is reached) of mixed rare earths oxide from the Tantalus' project in Northern Madagascar. ThyssenKrupp will act as Tantalus' exclusive distributer in Germany, and one of the distributors for Europe. The initial duration of the contract is three years from the start of commercial production at the project, with the option to extend it for a further seven years. The option for a total duration of 10 years is subject to ThyssenKrupp arranging debt funding for Tantalus covering 30% of the planned investments until annual production level of 10,000 tons of mixed rare earths oxide is reached. The pricing of the mixed rare earths oxide in this contract is linked to the content of various rare earths oxides present in the Tantalus product as well as to independently quoted market prices of such oxides. Rare Earth Elements identified in the Tantalus ionic clay deposit include Praseodymium, Neodymium, Terbium and Dysprosium, all in high demand for fast-growing magnet applications in the automotive and renewable energy industries. Tantalus will commence commercial production upon receipt of the necessary exploitation license, currently expected in the second half of 2016. After a ramp-up period of app. three years Tantalus is expected to reach its first phase full-production level of 10,000 tons per annum of mixed rare earths oxide.

Tantalus Rare Earths Signs Commercial Purchase Agreement with Shenghe Resources

Tantalus Rare Earths announced the signing of a commercial purchasing agreement with Shenghe Resources. Shenghe has agreed to purchase 30% of output or 3,000 tonnes of mixed rare earths oxide from Tantalus Rare Earths (TRE) project in Northern Madagascar annually. The initial duration of the contract is three years from the start of commercial production at the project. The TRE project is currently preparing for first production in 2016. Shenghe has an option to extend the contract by an additional seven years by providing Tantalus debt funding, amounting to 30% of the planned total investment required to reach commercial production of rare earths at the project. The Company will commence commercial production as soon as it receives an exploitation license, currently expected in the second half of 2016. Shenghe must exercise its option before Tantalus receives its exploitation license and provide funding before any investments into commercial production are made.

Tantalus Rare Earths AG Announces Executive Appointments

Tantalus Rare Earths AG announced two key appointments into its board and senior management. The Tantalus Supervisory Board has appointed Mr. Wang Yu as Chief Technology Officer. He joined the Tantalus Group Management Board as of December 15. Mr. Wang Yu was previously Secretary of the Board at China Minmetals Rare Earths Co. Ltd. Mr. Wang's background at the very top of the global rare earths industry brings the Company additional extensive know how of both the technological and the commercial side of rare earths business. Mr. Wang has been advising the Company since April 2014 in a role of a Senior Advisor. At senior management level Mr. Michel Mounavaraly joined Tantalus as Country Manager for Madagascar as of December 1. Mr. Mounavaraly has been working in various industries in Madagascar and other Indian Ocean Islands for over 30 years. He originates from Northern Madagascar, where Tantalus has its rare earths project, and thereby has knowledge on the local circumstances, both in terms of social and economic issues. Mr. Mounavaraly's past experience as founder and Managing Partner at one of the larger accounting/auditing companies in the Indian Ocean Islands provides him with the best possible background for managing the local operations in Madagascar for Tantalus Rare Earths AG.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
TAEN:GR €14.00 EUR 0.00

TAEN Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for TAEN.
View Industry Companies
 

Industry Analysis

TAEN

Industry Average

Valuation TAEN Industry Range
No financial data is available for TAEN.
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact TANTALUS RARE EARTHS AG, please visit www.tre-ag.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.