HMS Bergbau AG

Regulatory Filings • Nov 5, 2009

News Details

Corporate | 5 November 2009 08:42

HMS Bergbau AG: Opening Indian office

HMS Bergbau AG / Miscellaneous

05.11.2009

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

---

Corporate News dated November 5, 2009

HMS Bergbau AG: Opening Indian office

▲ Further step on internationalization track
▲ Office in Mumbai
▲ Participation in demand for coal imports

Berlin, November 5, 2009: HMS Bergbau AG, is an international coal trading
group with operating expertise in coal production, logistics and trading.
Today the company announced that it is expanding its international trading
activities into Mumbai, India. The company has opened an office in Mumbai
with its local partner Growell Resources & Management Pvt. Ltd. Growell was
established in 1992 by Ashok Ghandi and has been trading commodities,
chemicals and fertilizers successfully since then. The objective of the
cooperation is to facilitate imports to India and to offer superior
customer service on the ground. Borth companies are able to contribute
their extensive expertise to the cooperation. While Growell is contributing
its extensive network of large-scale customers and the SME sector in India,
HMS Bergbau in particular is offering its know-how in coal sourcing from
Indonesia and South Africa as well as international logistics. Both parties
are confident that together they will be able to participate to a much
greater extent in the fastest growing coal import market.

'Global steam coal trade has quadrupled in the past 30 years and is
currently seeing annual growth rates of between five and nine percent.
India is developing into one of the largest coal importers worldwide.
Despite high domestic production, India is a net coal importer because of
its own energy consumption and in the past few years has had to increase
coal import volumes considerably. We believe that this trend in the world's
second most populous country will continue in the coming years. This is
mainly due to India's mounting demand for electricity,' explains Heinz
Schernikau, CEO of HMS Bergbau AG.

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 production
and logistics solutions primarily in Asia and Eastern Europe. In addition,
the company is developing environmental technologies, in particular
concerning underground CO2 capture and storage (CCS technology). 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
Hamburger Allee 26-28
60486 Frankfurt am Main
T.: +49 (30) 65 66 81-90
Email: investors@hms-ag.com

05.11.2009 Financial News transmitted by DGAP

---