Berlin-based coal trading company HMS Bergbau has locked in a three-year sales agreement with an international off-taker, the company said in a statement.
The agreement will see HMS Bergbau’s subsidiary, HMS Bergbau Africa, source coal for export from IchorCoal’s Usutu and Penumbra mines in Mpumalanga Province, South Africa. The sale was concluded on the back of an existing exclusive marketing agreement with IchorCoal.
“Through this high-volume contract in South Africa, HMS Bergbau is not only expanding its existing partnership with IchorCoal, but is also underscoring its export and marketing strength on the international coal market,” said Heinz Schernikau, CEO of HMS Bergbau.
“At this time, this agreement is a clear sign that coal markets are recovering. Accordingly, we expect further coal marketing agreements, not only in South Africa.”
HMS Bergbau is an independent marketing and trading company specialising in the purchase and sale of coal and raw materials, including ore, metals and cement products.
Edited by Jonathan Rowland,
Read the article online at: https://www.worldcoal.com/handling/15082016/hms-bergbau-secures-coal-sales-contract-2016-2231/