The Project Enora

Field Exploration "ENORA"

SME AG currently has the mining search permit for commercial Purpose of the exploration field "ENORA" for the following mineral resources obtained: chromium, gold, cobalt, copper, nickel, silver, vanadium. The search of the SME AG focuses on cobalt, nickel and chromium.

The field exploration "ENORA" (Erzgebirgsnordrand), extends over the counties Mittelsachsen, Zwickau and the city of Chemnitz and covers an area of ​​600 km². After a successful search, SME AG will apply for a Provide authorization for the extraction of mineral resources.


In the ore-containing rock among others the following quantities of metals are geologically detected.
  Menge t aktueller Wert US $/t Wert des Vorkommens US $
Kobalt: 14.422 95.000,00 1.370.090.500,00
Nickel: 294.500 13.040,00 3.840.280.000,00
Chrom: 396.200 2.812,00,00



Cobalt has traditionally been used to harden steel, but its electrical ability has made the metal an essential part of rechargeable Batteries. This leads to a race for reserves in the primary deposits which are mostly located in the Democratic Republic of the Congo.

because of the electric car boom Bloomberg New Energy Finance estimates that the cobalt Demand by 2030 will be by 47 times.

the metal has become more expensive since January 1, 2017 on London Metal Exchange up 292% to $ 94,250.00 / t.

Cobalt Historical Prices Graph


Nickel is mainly used in the production of stainless steels and nickel alloys. The most important deposits are in Canada, Russia, New Caledonia, Australia and Cuba. Nickel price history from 01/01/2017 (10,200 US $ / t) to 22/03/2018 (13,040 US $ / t) = + 28%

Nickel Historical Prices Graph


Chromium and chromium compounds are used for a wide variety of applications in which its durability is used. The most important deposits are located in South Africa, Kazakhstan, India, Zimbabwe and Finland.

The current chrome price is $ 2,812.00 / t Chrome Price development from 01.03.2017 (€ 2,699 US $ / t) to 22.03.2018 (€ 2,812 US $ / t) = + 5%

Chrome Historical Prices Graph

About SME AG

Saxony Minerals & Exploration AG – SME AG is a stock company that obtained the mining rights and permit to extract the mineral resources tungsten, tin, indium, and other metals.


Saxony Minerals & Exploration AG - SME AG
Schwarze Kiefern 2
09633 Halsbrücke, Germany
Tel.: +49 (0)3731 369 474
Fax: +49 (0)3731 369 472
Copyright © 2019 Saxony Minerals & Exploration AG
We use cookies

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.