Corporate | 20 December 2012 09:23
HMS Bergbau AG / Key word(s): Miscellaneous
20.12.2012 / 09:23
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Corporate News dated 20 December 2012
HMS Bergbau AG: Consistent implementation of strategy to focus operations
purely on trading
- Sale of Polish subsidiary HMS Niwka Coal Production Sp. z o.o.
- Revenues from sale to cover project costs
- Focus turned to Asian coal market
Berlin, 20 December 2012: HMS Bergbau AG, a global coal trading company
with operating expertise in the production, transportation and trade of
coal products, has sold all of its shares in HMS Niwka Coal Production Sp.
z o.o. to Ichor Coal N.V.. Ichor Coal N.V. will take over responsibility
for the continued development of the coal mining project and the licensing
process for the re-opening of the mine Niwka Modrzejow. From now on Ichor
Coal will bear all costs associated with the project and make available the
personnel resources to further advance the project. If the HMS Niwka coal
project is successfully implemented, Ichor Coal intends to appoint HMS
Bergbau AG as a sales partner for all coal products stemming from the
project.
By selling the Polish subsidiary to its parent company Ichor Coal N.V., HMS
Bergbau AG is consistently implementing its strategy to focus its
operations on trade and sales predominantly in the Asian and the African
coal market.
'The revenues from the sale of HMS Niwka cover all costs that have arisen
from the development of the Polish company,' said Sebastian Giese, CFO of
HMS Bergbau AG. 'In addition, the funds that had originally been ringfenced
for the project are now also available for the continued strategic
development of HMS Bergbau AG.'
The Management Board
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 trading
and logistics solutions primarily in Asia and Africa. 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
End of Corporate News
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Language: English
Company: HMS Bergbau AG
An der Wuhlheide 232
12459 Berlin
Germany
Phone: 030 65 66 81-0
Fax: 030 65 66 81-15
E-mail: hms@hms-ag.com
Internet: www.hms-ag.com
ISIN: DE0006061104
WKN: 606110
Listed: Freiverkehr in Berlin, Düsseldorf; Open Market (Entry
Standard) in Frankfurt
End of News DGAP News-Service
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197517 20.12.2012