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HMS Bergbau AG
Capital/Financing Update • Aug 12, 2016
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Capital/Financing Update
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Corporate | 12 August 2016 10:23
HMS Bergbau AG: HMS Bergbau AG locks in three year coal forwards from South Africa
DGAP-News: HMS Bergbau AG / Key word(s): Incoming Orders/Contract
2016-08-12 / 10:23
The issuer is solely responsible for the content of this announcement.
Corporate News dated 12 August 2016
HMS Bergbau AG locks in three year coal forwards from South Africa
▲ Coal sourced under the exclusive marketing agreement with IchorCoal
▲ Marketing of export coal from the Usutu and Penumbra mines in Mpumalanga Provence, South Africa
▲ Deliveries start in August 2016
Berlin, 12 August 2016: HMS Bergbau AG, an international commodity trading group with operating expertise in mining, handling and trading of bulk commodities with a main focus on coal, has announced details regarding a three-year sales agreement with an international off-taker. HMS Bergbau Africa (Pty) Ltd will source the high-quality coal for export from the Usutu and Penumbra mines, both under ownership and management of the IchorCoal Group. The sale was concluded on the back of an existing exclusive marketing agreement with IchorCoal. The contracting party is HMS Bergbau Africa (Pty) Ltd, a fully owned subsidiary of HMS Bergbau AG.
“Through this high-volume contract in South Africa, HMS Bergbau AG is not only expanding its existing partnership with IchorCoal N.V., but is also underscoring its export and marketing strength on the international coal market, in which we act as a reliable trading partner. At the same time, this agreement is a clear sign that coal markets are recovering. Accordingly, we expect further coal marketing agreements, not only in South Africa,” said Heinz Schernikau, CEO of HMS Bergbau AG.
The Management Board
About HMS Bergbau AG:
Berlin-based HMS Bergbau AG is one of the leading independent raw materials marketing and trading companies in Germany, specialising in the international purchase and sale of coal and raw materials such as ore, metals and cement products. Its customers include renowned energy producers and other industrial consumers worldwide, with whom we work closely to provide raw materials. HMS Bergbau AG is active primarily in Asia, Africa and Europe and also develops first-class raw material resources. Through its Polish subsidiary Silesian Coal Sp. z o.o., the company also has licences to explore coal reserves in Silesia. HMS Bergbau AG has also sold the coal products of IchorCoal N.V. for a considerable time and concluded a number of new supply agreements in 2015, particularly in Asia. HMS Bergbau AG also handled complex transport solutions for its customers. The company was established in 1995 and is listed on Germany’s Frankfurt Stock Exchange in the Entry Standard segment.
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: [email protected]
URL: www.hms-ag.com
HMS Investor Relations contact:
GFEI Aktiengesellschaft
Mailänder Straße 2
30539 Hannover
T.: +49 (511) 47 40 23 00
F.: +49 (511) 47 40 23 19
www.gfei.ag
Email: [email protected]
2016-08-12 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at 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: | [email protected] |
| Internet: | www.hms-ag.com |
| ISIN: | DE0006061104 |
| WKN: | 606110 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf; Open Market (Entry Standard) in Frankfurt |
| End of News | DGAP News Service |