The company has secure a second five-year exploration licence in the Erzgebirge (meaning Ore Mountain) region of Saxony, which completely encloses its Zinnwald project.
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German carmaker will invest 870 million euros ($985 million) by 2020 to develop e-vehicle components, including batteries and charging stations.
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China’s Contemporary Amperex Technology (CATL) plans to produce 60 gigawatt hours by the fifth year of its German plant operations.
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Prior to this discovery, it was thought that mainly men were allowed to use the blue stone.
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The Germany-based fertilizer producer raised production outlook as weather-related production stoppages at one of its plant will be shorter than previously thought.
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The company plans to move forward with the plan only once the feasibility study at its Zinnwald project is completed, in the second quarter of next year.
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