LOCATION

A business, also known as an enterprise, company or a firm is an organizational entity involved in the provision of goods and services to consumers. Businesses are prevalent in capitalist economies, where most of them are privately owned and provide goods and services to customers in exchange for other goods, services, or money. Businesses may also be social non-profit enterprises or state-owned public enterprises targeted for specific social and economic objectives. A business owned by multiple individuals may be formed as an incorporated company or jointly organised as a partnership. Countries have different laws that may ascribe different rights to the various business entities.

Business can refer to a particular organization or to an entire market sector, e.g. “the music business”. Compound forms such as agribusiness represent subsets of the word’s broader meaning, which encompasses all activity by suppliers of goods and services. The goal is for sales to be more than expenditures resulting in a profit or gain or surplus.

Supportive Government

  • Mining encouraged at  EU and Federal Germany Levels
  • Raw Material Supply
  • EU and State grants and subsidies available
  • member of FAME project providing funding for mineral processing test work

The State of Saxony Very Supportive

  • Stated ambition to make the district a centre of mining excellence.
  • Actively encouraging new exploration and development.
  • Local Erzgebirge has 800 years of mining history, world’s oldest School of Mines.

Location Benefits

  • Excellent infrastructure and nearby major markets for potential products.
  • Security of supply is critical for German manufacturers and a has formed a group aimed at securing supply.
  • Germany has much lower mining labour costs than Australia or Canada (around 30-40%) and no tin royalty.
  • There is currently active mining in the district (marble and fluorite) so no new precedents need to be set.