German coal marketing and trading company, HMS Bergbau, have acquired a 25.1% stake in South African company, Zamfin Capital, through its subsidiary HMS Bergbau Africa.
The deal will bring HMS Bergbau Africa access to coal processing capacity of 350 000 tpm in the Delmas area of Mpumalanga Province to the east of Johannesburg. The processing plant is located in close proximity to South Africa’s largest power plant, the Kendal power plant.
As part of the transaction, HMS Bergbau Africa also concluded an exclusive marketing agreement with Zamfin Capital and its parent company, Zamfin Group.
“With this acquisition, HMS Bergbau strengthens its position in the strategically important Mpumalanga region of South Africa and can supply domestic, as well as export, markets with the required coal qualities,” the company said in a press release.
Further details of the transaction were kept confidential. Based in Berlin, HMS Bergbau specialises in the international purchase and sale of coal and other raw materials, such as ore, metals and cement products.
Edited by Jonathan Rowland.
Read the article online at: https://www.worldcoal.com/coal/05072016/hms-bergbau-buys-stake-in-zamfin-capital-2016-1073/