DGAP-News: HMS Bergbau AG expands Africa business
(firmenpresse) - DGAP-News: HMS Bergbau AG / Key word(s): Miscellaneous
HMS Bergbau AG expands Africa business
04.10.2013 / 10:02
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Corporate news from 4 October 2013
HMS Bergbau AG expands Africa business
- 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(at)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(at)hms-ag.com
End of Corporate News
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04.10.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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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(at)hms-ag.com
Internet: www.hms-ag.com
ISIN: DE0006061104WKN: 606110
Listed: Freiverkehr in Berlin, Düsseldorf; Frankfurt in Open
Market (Entry Standard)
End of News DGAP News-Service
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