HMS Bergbau signs exclusive contract with Indonesian coal producer

Berlin-based international coal trading HMS Bergbau AG announced on Wednesday to have signed an exclusive contract with a coal producer based in Indonesia.

?The long-term contract secures the supply of a considerable annual trading amount of steam coal to HMS Bergbau AG,? the Company said without disclosing further detail.

'Thanks to the exclusive contract signed with the Indonesian company we have taken another step toward securing large-scale supplies of high-grade coal resources. Indonesian coal contains a very limited amount of ash and sulfur. Increasingly stringent environmental regulations are making this factor progressively more significant,? explains Heinz Schernikau, CEO of HMS Bergbau.

?We continue to see considerable growth potential in Indonesia. Our subsidiary HMS Indonesia is therefore planning to attain own concessions to secure long-term coal resources.? (alex)