Corporate | 23 June 2009 15:02
HMS Bergbau AG / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- HMS Bergbau AG founds new subsidiary KGHM HMS Bergbau AG starts searching for copper in Saxony Berlin, June 23, 2009 - HMS Bergbau AG, Berlin, has joined forces with KGHM Cuprum Sp. z o.o., Wroclaw/Poland, to form a company to explore, extract and produce copper, silver and other mined products in Europe. The new joint venture KGHM HMS Bergbau AG is headquartered in Berlin and HMS Bergbau AG holds a 25.1 % stake in it. The JV's first project will be to explore for copper in Saxony, and it has already obtained the requisite license. The growing global demand for metals such as copper and silver spells an immense potential for the new company, which will benefit from collaboration between the two parent companies. KGHM Cuprum Sp. z o.o. is a wholly-owned subsidiary of KGHM Polska Mied? S.A., Lubin/Poland, the world's second largest silver producer and eighth largest copper manufacturer. The company's know-how in these fields will be supplemented by the global commodity marketing expertise of HMS Bergbau AG, which can draw on long-standing experience in coal trading and prime relationships with German commodity players. HMS Bergbau AG: Berlin-based HMS Bergbau AG is an independent coal trading house specialising in just-in-time deliveries of thermal coal to power plants and other industrial consumers. The company is one of the leading coal trading companies in Germany and markets its products to renowned consumers worldwide. HMS is actively expanding its activities to span coal production and logistics solutions primarily in Asia and Eastern Europe. In addition, the company is developing environmental technologies, in particular concerning underground CO2 capture and storage (CCS technology). HMS has been listed at Germany's Frankfurt Stock Exchange since December 2008. Contact Claudia Wieland Tel. +49 (0)911-9597871 Fax +49 (0)911-9597880 E-Mail cwieland@hms-ag.com www.hms-ag.com 23.06.2009 Financial News transmitted by DGAP ----------------------------------------------------------------------