DGAP-News: HMS Bergbau AG / Key word(s): Miscellaneous HMS Bergbau AG concludes two long-term marketing agreements 16.06.2011 / 07:31 --------------------------------------------------------------------- - Presence in Asian markets is being increased - Exclusive marketing opportunities for large amounts of coal have been secured - Additional purchasing option for 3,000,000 tonnes of coal Berlin, 16 June 2011: HMS Bergbau AG, an international coal supplier with operating know-how of coal mining, transport and trade, has signed two long-term cooperation agreements with local coal producers in Indonesia. With these exclusive marketing agreements, the company has secured its access to high-quality coal. In the first cooperation agreement, which was concluded with Bencoolen Coal Pte LTD., Singapore, represented by Patrick Alexander, the company agreed to purchase 1,000,000 tonnes. The first 50,000 tonnes are scheduled for delivery in August 2011. HMS Bergbau plans to market the high calorific value coal in the Asian region. In addition to the agreed delivery of 1,000,000 tonnes, HMS Bergbau AG secured exclusive access to further 3,000,000 tonnes of coal, the entire output of the coal mine currently being developed in Sumatra/Indonesia, by means of a first right of refusal purchase option. HMS Bergbau AG also entered into a marketing agreement with an Indonesian coal mine operator in East Kalimantan. Plans are to sell the agreed quantity on the Asian market as from August 2011. Further details are subject to a non-disclosure agreement. 'We have secured access to far more than 1 million tonnes of coal in Indonesia with these two marketing agreements. In the medium term, this will increase to a figure in excess of 4 million tonnes. This reconfirms the sustainability of our implemented strategy regarding the increase of our activities in the coal core market Asia. At the same time, we not only hope to expand our existing business relationships with these agreements but also generate positive impulses into entering marketing agreements with new coal producers. Our medium-term goal is to continuously expand the activities of our subsidiaries and representative offices in Singapore, Indonesia, Pakistan and India,' commented Heinz Schernikau, CEO of HMS Bergbau AG. 'With HMS, we have found an extremely active coal distributor with long-standing experience. This enables us to increase our focus on raising the output of existing mines as well as developing new projects. We are pleased to have found a partner in HMS which also supports our other development projects,' said Patrick Alexander, shareholder and representative of Bencoolen Coal Pte Ltd. 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. 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: 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 Am Hauptbahnhof 6 60329 Frankfurt T.: +49 (69) 74 30 37-00 F.: +49 (69) 74 30 37-22 Email: investors@hms-ag.com End of Corporate News --------------------------------------------------------------------- 16.06.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 128719 16.06.2011
DGAP-News: HMS Bergbau AG concludes two long-term marketing agreements
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