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HMS Bergbau AG
Regulatory Filings • Apr 20, 2021
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Ad-hoc | 20 April 2021 13:14
HMS Bergbau AG: Exclusive marketing rights secured by acquisiton of 51% in coal mine project in Botswana
HMS Bergbau AG / Key word(s): Investment/Miscellaneous
HMS Bergbau AG: Exclusive marketing rights secured by acquisiton of 51% in coal mine project in Botswana
20-Apr-2021 / 13:14 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Publication of Insider Information according to Article 17 MAR as of 20 April 2021
HMS Bergbau AG: Exclusive marketing rights secured by acquisiton of 51% in coal mine project in Botswana
Berlin, 20. April 2021 : HMS Bergbau AG, a leading independent raw material trading and marketing company in Germany, has reached an important milestone in its strategy to further vertically integrate into the commodity trading value chain by becoming a 51 percent shareholder in Maatla Resources (Pty.) Ltd, a project company in Botswana that aims to mine and market its own coal resources.
Maatla Resources (Pty.) Ltd in Botswana holds a mining license for around 90 million tons of coal. Production and commercialization of the coal is expected to commence within 12 months after the CAPEX funding has been arranged during the course of 2021. In a first phase, around 1.2 million tons of coal will be produced per year – with the option of mining and marketing around 3 million tons of coal per year in a second phase. As the main shareholder in Maatla Resources (Pty.) Ltd, HMS Bergbau AG has exclusively secured the worldwide marketing rights for the entire production.
For HMS Bergbau AG, the transaction represents a strategically important deepening of added value along its value chain while at the same time strengthening activities in a safe and stable investment environment on the African continent.
It was agreed not to disclose any further details of the contract.
The Management Board
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
Ostergrube 11
30559 Hannover
T.: +49 (511) 47 40 23 00
F.: +49 (511) 47 40 23 19
www.gfei.ag
Email: [email protected]
20-Apr-2021 CET/CEST 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, Frankfurt (Basic Board) |
| EQS News ID: | 1186692 |
| End of Announcement | DGAP News Service |