HMS BERGBAU AG
DGAP-News: HMS Bergbau AG / Key word(s): Investment/Miscellaneous Corporate News from 04 June 2019 Berlin, 04 June 2019: The Management Board of HMS Bergbau AG, one of the leading independent raw materials marketing and trading companies in Germany and the principal shareholder of Silesian Coal International Group of Companies S.A. ("Silesian"), announces that Silesian has been granted a positive environmental decision as per 3rd of June 2019 by the local environmental authority in Katowice, Poland, as part of a mining license application. A positive environmental decision is considered the final milestone on the road to receiving the final mining license. The environmental decision defines the framework conditions for the mining process in terms of its environmental impact. The application for the mining license can now proceed without further delay. The drilling in Orzesze, carried out by HMS and based on an exclusive exploration license, indicated potential coal reserves of 2.2 billion tonnes in-situ, of which approximately 672 million tonnes were identified as high-grade, recoverable coal according to the JORC standard. Silesian plans to develop the reserves using the existing infrastructure and to build production to roughly 3 million tonnes of coal annually at low cost (approx. 1/3 of the cost of a greenfield project) and within two and a half years of receiving the mining licence. The planned production is split equally between high-margin coking coal and thermal coal. The license region has a total area of approximately 20 km² and is located in the historic coal region of Katowice, Poland. HMS Bergbau AG currently owns 98.9 per cent of the Silesian Coal International Group of Companies S.A.
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, fertilizers and cement products. Its customers include renowned energy producers and other industrial consumers worldwide, with whom it works 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 International Group of Companies S.A., the company also has licences to explore coal reserves in Silesia. 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 Basic Board 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: info@hms-ag.com 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: investors@hms-ag.com
04.06.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| 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: | hms@hms-ag.com |
| Internet: | www.hms-ag.com |
| ISIN: | DE0006061104 |
| WKN: | 606110 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board) |
| EQS News ID: | 819001 |
| End of News | DGAP News Service |
819001 04.06.2019
