Corporate | 26 July 2010 07:45
HMS Bergbau AG / Miscellaneous 26.07.2010 07:45 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Corporate News dated July 26, 2010 HMS Bergbau AG and P.T. Nusa Alam Lestari deepen their cooperation in Indonesia - New Mining projects to start in second half of 2010 - High-quality coal grades to be exported to the Asian market - New brand to be called 'NAL-HMS' Berlin, July 26, 2010: HMS Bergbau AG and P.T. Nusa Alam Lestari (NAL) have further deepened their exclusive marketing cooperation for exports of high and mid calorific value coal from Sumatra, Indonesia. This is another important milestone for the business activities of HMS Group in Asia. The companies agreed to extend their long-term and exclusive cooperation to include NAL's new mine developments Muara Bungo and Sinarma. HMS has committed financial resources in an undisclosed amount to assist NAL's mine development plan to further increase production capacity. HMS and NAL have already signed a long-term supply agreement for a 6500kcal/kg gad coal. NAL will use the funds to develop their 6300 gad, 5800 gad and 5500 gad low moisture coal mines which are expected to start production in the second half of this year. All produced coal will be marketed by HMS under the brand name 'NAL-HMS'. 'HMS looks forward to continue working with NAL and we are happy to have found such a reliable and professional partner in Sumatra to develop both our businesses on the basis of trust and mutual respect,' says Heinz Schernikau, CEO of HMS Bergbau AG. NAL is owned and managed by Mr. Bakhrial, a respected entrepreneur with roots in the timber industry. 'With this new agreement, NAL is able to focus on what it is best at, increase and improve the production of our high quality coal products in Sumatra. NAL and HMS share the same, family driven, philosophy and we are very happy to have tied up long-term with HMS Bergbau AG, a very reputable and experienced coal marketing company,' says Mr. Bakhrial. About HMS Bergbau AG: Berlin-based HMS Bergbau AG is an independent coal trading house specializing 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. About P.T. Nusa Alam Lestari: Sumatra-based P.T. Nusa Alam Lestari is a family-owned coal mining company specialized in high quality coal production in Sumatra. Established in 1999, NAL has become a fast developing local coal mining company providing reliable coal deliveries to local industrial consumers and since 2009 has started exporting coal to HMS. NAL has committed itself to all stages of the mining process with efficiency by having competent and skilled human resources, maintaining the safety and security at site as well as taking care of the preservation of the environment Company contact: HMS Bergbau AG An der Wuhlheide 232 12459 Berlin T.: +49 (30) 65 66 81-0 F: +49 (30) 65 66 81-15 Email: info@hms-ag.com URL: www.hms-ag.com HMS Investor Relations contact: GFEI Aktiengesellschaft Hamburger Allee 26-28 60486 Frankfurt am Main T.: +49 (69) 74 30 37-00 F.: +49 (69) 74 30 37-22 Email: investors@hms-ag.com 26.07.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------