Corporate | 4 October 2013 10:02

HMS Bergbau AG expands Africa business

HMS Bergbau AG / Key word(s): Miscellaneous

04.10.2013 / 10:02

Corporate news from 4 October 2013

– Sales of up to 600,000 tonnes of coal on the basis of exclusive marketing agreements with IchorCoal and Vunene Mining

– Focus on further growth in Africa and Asia

Berlin, 4 October 2013: HMS Bergbau AG, an international coal trading company with a wealth of operational expertise in mining, transporting and trading coal, has concluded a sales agreement for up to 600,000 tonnes of African steam coal. This agreement runs for a period of one year and is based on an exclusive marketing agreement between HMS Bergbau AG, its majority shareholder IchorCoal and IchorCoal subsidiary Vunene Mining.

‘This agreement for the sale of such a significant volume of steam coal brings us one step closer to our strategic goal of increasing our presence on the thriving coal market in southern Africa,’ said Heinz Schernikau, CEO of HMS Bergbau AG. ‘The exclusive agreement with our parent company IchorCoal guarantees us a long-term competitive advantage in southern Africa, while, at the same time, generating substantial, projectable sales revenues with higher margins. We also intend to switch our operational focus to expanding African and Asian business in the future.’

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.

Contact:
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; Frankfurt in Open Market (Entry Standard)


End of News	DGAP News-Service

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