Website www.rag.de Founded 1968 | Key people Bernd Tönjes, CEO Number of employees 37,000 (2005) Parent organization RAG-Stiftung | |
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Type Public, Aktiengesellschaft Subsidiaries RAG Deutsche Steinkohle AG | ||
RAG AG, formerly Ruhrkohle AG, is the largest German coal mining corporation. The company headquarters are in Herne in the Ruhr area. The company was founded on 27 November 1968, consolidating several coalmining corporations into the Ruhrkohle AG.
On 12 September 2007 as a result of restructuring, the business areas of chemicals, energy and real estate were transferred to the new business entity Evonik Industries AG. Evonik Industries are headed by the RAG-Stiftung (English: RAG-Foundation), which uses corporate profits to finance the costs that arise due to the former mining activities in the Ruhr region.
References
RAG AG Wikipedia(Text) CC BY-SA