Corporate | 2 July 2014 08:03
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HMS Bergbau AG / Key word(s): Miscellaneous
HMS Bergbau AG carries out exploration in Poland – Subsidiary Silesian Coal holds two exploration licences for the Orzesze and Studzionka-Mizerów regions – Exploration drilling started in the Orzesze licence area in June 2014 – It is estimated that the areas have more than 1 billion tonnes of resources – HMS Bergbau AG will apply for a mining licence and is expected to receive one in the next eight to twelve months Berlin, 2 July 2014: HMS Bergbau AG, an international coal supplier with operating expertise of coal mining, transport and trade will drill two exploration wells at Silesian Coal Sp. z o.o. (previously Śląski Węgiel Żory – Suszec Sp. z o.o) – a wholly owned subsidiary of HMS Bergbau AG. Both drills in the Orzesze licence area will have a depth of 1,000 m. Drilling began on 23 June 2014. Silesian Coal Sp. z o.o. will apply for a mining licence for the Orzesze region based on this drilling and historical drilling results. HMS Bergbau AG acquired subsidiary Silesian Coal, which holds two exploration licences for the Orzesze and Studzionka-Mizerów regions, in January 2014. It is estimated that the areas, both of which are located in Silesia, boast over 1 billion tonnes of geological coal resources. The company expects to receive mining licences in eight to twelve months’ time – subject to the approval of the approving authorities. “Given the fact that high quality coking coal has been mined here for decades, we are confident that we will find reserves throughout the area. Accordingly, we are optimistic with regard to the results of two exploration wells”, commented Dr. Markowski, President of Silesian Coal Sp. z o.o. “By accessing the resources, we will strengthen our market position in Europe and will be able to act independently from other procurement channels. From today’s perspective, the exploration in the Silesian areas will have a lasting positive impact on the revenues and earnings of the Company”, commented Heinz Schernikau, CEO of HMS Bergbau AG. The Executive Board
About HMS Bergbau AG:
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 02.07.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| 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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