Corporate | 14 June 2011 16:07


HMS Bergbau AG: Focus on core market Asia


HMS Bergbau AG / Key word(s): Miscellaneous

14.06.2011 / 16:07

– Increased participation in coal growth markets

– Realignment of company investments

Berlin, June 14 2011: HMS Bergbau AG, an international coal supplier with operating know-how of coal mining, transport and trade, will sharpen its focus on the growth market Asia in the future.

'We aim to increase our activities in the Asian coal market and increase our participation in rising coal exports in this region. We are ideally positioned as we have subsidiaries and representative offices in locations such as Singapore, Indonesia, Pakistan and India.
Particularly Indonesia, a major steam coal exporter, has become one of the most important coal mining countries in the world in recent years. The quality of its coal is excellent due to low ash and sulphur content as well as calorific values that meet market requirements. The majority of the Indonesian steam coal production is exported to the Pacific region, and only a small tonnage to the Atlantic market on account of the high transportation cost,' explained Heinz Schernikau, CEO of HMS Bergbau AG.

HMS Group also plans to pool its know-how for the European coal sector and switch its focus to secure, high-margin business. Whilst HMS Bergbau AG will continue importing Polish coal to Germany, it will stop exporting Russian coal to Poland. The company consequently disposed its investment in HMS Bergbau Polska Sp. z o.o., Katowice, Poland. Furthermore as a result of the company concentrating on its core business, it also sold its investment in KGHM HMS Bergbau AG, Berlin, Germany. HMS Group agreed to not disclose any further details about these agreements.

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 CO 2 capture and storage (CCS technology). HMS has been listed at Germany's Frankfurt Stock Exchange since December 2008.





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
Am Hauptbahnhof 6
60329 Frankfurt am Main
T.: +49 (69) 74 30 37-00
F.: +49 (69) 74 30 37-22
Email: investors@hms-ag.com



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