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News In Brief 2020

Advent International, Cinven and the RAG-Stiftung take over thyssenkrupp elevator business

The international private-equity firms Advent International (Advent) and Cinven announced together with RAG-Stiftung, Essen/Germany, that they have signed binding agreements with thyssenkrupp AG to acquire thyssenkrupp Elevator Technology. As part of the transaction, thyssenkrupp AG will reinvest in the elevator business and acquire a substantial minority share in the company. This underlines the attractive value creation potential of the business ...

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RAG Aktiengesellschaft offers compensation for mining-related tremors – agreement reached with VBHG

Residents of certain areas near the former West, Prosper-Haniel, Lippe, Auguste Victoria and Ost mines are entitled to file claims for the period from 2008 until the closure of the relevant mine. Underground coal mining in the Ruhr region resulted in repeated tremors at the ground surface on some occasions. The frequency, temporal density and intensity varied depending on the ...

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STEAG building for the future of energy

A new and highly efficient combined cycle gas turbine (CCGT) power plant in Herne/Germany, will secure the supply of electricity and heat in the heart of the Ruhr area in the future (Figure 1). The new power plant will use the principle of combined heat and power generation (CHP), is therefore particularly resource-friendly, and in the future will replace the ...

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STEAG provides climate-friendly geothermal energy in Erding

STEAG New Energies GmbH, Saarbrücken/Germany, and the Zweckverband Geo-wärme Erding (Erding Geothermal Energy Association) are expanding the existing Erding 1 combined heat and power plant, which will enable up to 18 % of the total heating requirements of the Bavarian district town of Erding to be covered by geothermal energy in the future (Figure 1). This climate-friendly method will also supply the Erding ...

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Private households are using less energy for heating and lighting

The energy demand for heating and lighting in Germany has decreased in the last ten years (Figure 1). According the current calculations by the Working Group on Energy Balances (AG Energiebilanzen), the heating demand in 2018 was 17 % lower than in 2008. A significant proportion of this change is due to temperature differences between the two years. After compensating for ...

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Renewables opening doors for innovative energy solutions in mining

The year 2019 was the turning point for renewable energy projects at remote mines. More than a dozen projects were commissioned or announced. Mining companies have adopted solar and wind power to reduce their energy cost and carbon footprint in a rather lengthy process. In the last years, successful flagship projects have removed concerns about production loss and independent power ...

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WESTKALK plans own extraction system

With regards to work safety, health- and environmental protection the enterprise WESTKALK Vereinigte Warsteiner Kalksteinindustrie GmbH & Co. KG, Warstein/Germany, is planning to install an own extraction system for limestone spillage in their jet mill at the factory in Kallenhardt (Figure 1). This is supposed to improve the plant’s cleanliness and reduce dust exposure for staff members and surroundings long-term. ...

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Significant progress made on closure operations in 2019

More than a year has passed since the last two mines of the RAG Aktiengesellschaft, Essen/Germany, ceased production. Despite the halt in production, however, work continues both above and below ground at the mines of Prosper-Haniel in Bottrop and Ibbenbüren in the Tecklenburg region. Indeed, there were a number of tasks that remained to be completed in a reliable and ...

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German Works Councils’ Prize: Distinction for a centennial project

The works councils of RAG Aktiengesellschaft, Essen/Germany, and the social partners of the company were the recipients of a special honour at the most recent award ceremony for the German Works Councils’ Prize in Bonn. On the occasion of the annual Conference of German Works Councils, they were presented with a special prize that was awarded for the first time ...

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STEAG continues to grow on the renewable energy market

STEAG Solar Energy Solutions (SENS), the most recent subsidiary of the STEAG Group, Essen/Germany, is growing steadily in the field of renewable energy. André Kremer, Managing Director of SENS, and Matej Lednicky, Head of Transaction Management Infrastructure with the investment company KGAL Investment Management GmbH & Co. KG, confirmed their cooperation in Italy when they signed the contract in Milan. ...

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