HMS Bergbau AG

Regulatory Filings • Jun 23, 2009

News Details

Corporate | 23 June 2009 15:02

HMS Bergbau AG founds new subsidiary

HMS Bergbau AG / Miscellaneous

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HMS Bergbau AG founds new subsidiary
KGHM HMS Bergbau AG starts searching for copper in Saxony

Berlin, June 23, 2009 - HMS Bergbau AG, Berlin, has joined forces with KGHM
Cuprum Sp. z o.o., Wroclaw/Poland, to form a company to explore, extract
and produce copper, silver and other mined products in Europe. The new
joint venture KGHM HMS Bergbau AG is headquartered in Berlin and HMS
Bergbau AG holds a 25.1 % stake in it. The JV's first project will be to
explore for copper in Saxony, and it has already obtained the requisite
license.

The growing global demand for metals such as copper and silver spells an
immense potential for the new company, which will benefit from
collaboration between the two parent companies. KGHM Cuprum Sp. z o.o. is a
wholly-owned subsidiary of KGHM Polska Mied? S.A., Lubin/Poland, the
world's second largest silver producer and eighth largest copper
manufacturer. The company's know-how in these fields will be supplemented
by the global commodity marketing expertise of HMS Bergbau AG, which can
draw on long-standing experience in coal trading and prime relationships
with German commodity players.

HMS Bergbau AG:
Berlin-based HMS Bergbau AG is an independent coal trading house
specialising 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.

Contact
Claudia Wieland
Tel. +49 (0)911-9597871
Fax +49 (0)911-9597880
E-Mail cwieland@hms-ag.com
www.hms-ag.com

23.06.2009 Financial News transmitted by DGAP