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Thursday, 05 November 09
HMS BERGBAU AG OPENING INDIAN OFFICE
 Further step on internationalization track Office in Mumbai Participation in demand for coal imports
HMS Bergbau AG, is an international coal trading group with operating expertise in coal production, logistics and trading. Today the company announced that it is expanding its international trading activities into Mumbai, India.
The company has opened an office in Mumbai with its local partner Growell Resources & Management Pvt. Ltd. Growell was established in 1992 by Ashok Ghandi and has been trading commodities, chemicals and fertilizers successfully since then. The objective of the cooperation is to facilitate imports to India and to offer superior customer service on the ground. Borth companies are able to contribute their extensive expertise to the cooperation. While Growell is contributing its extensive network of large-scale customers and the SME sector in India, HMS Bergbau in particular is offering its know-how in coal sourcing from Indonesia and South Africa as well as international logistics.
Both parties are confident that together they will be able to participate to a much greater extent in the fastest growing coal import market.
'Global steam coal trade has quadrupled in the past 30 years and is currently seeing annual growth rates of between five and nine percent. India is developing into one of the largest coal importers worldwide. Despite high domestic production, India is a net coal importer because of its own energy consumption and in the past few years has had to increase coal import volumes considerably. We believe that this trend in the world's second most populous country will continue in the coming years.
This is mainly due to India's mounting demand for electricity,' explains Heinz Schernikau, CEO of HMS Bergbau AG.
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 and Eastern Europe.
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.
Source: Ad-Hoc-News
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Wednesday, 11 November 09
INDIAN COAL IMPORT FROM SA IN OCTOBER
Reuters reported that India imported 2.4 million tonnes of coal from South Africa's Richards Bay Coal Terminal in October 2009, 35% of the total of ...
Wednesday, 11 November 09
INDONESIA ASKS DOMESTIC COAL FIRMS TO SET ASIDE 30PCT OF OUTPUT
Indonesian government said that it had asked domestic coal producers to set aside 30% of their output next year to meet demand from new coal fired p ...
Wednesday, 11 November 09
MINING ACQUISITIONS BECOMING MORE STRATEGIC - E&Y
Mining Weekly reported that, Although miners around the world are looking to position themselves for growth, companies are being more selective when ...
Tuesday, 10 November 09
THAI COAL MINER BANPU Q3 NET UP, BEATS FORECAST
Reuters reported that, Thailand's top coal miner, Banpu, said on Tuesday its third-quarter net earnings rose a higher-than-expected 22 percent, hel ...
Monday, 09 November 09
NAPOCOR DEFERS 50,000 T COAL TENDER
Top Philippine electricity producer National Power Corp. (Napocor) has indefinitely postponed a tender for supply of 50,000 tons of steam coal sched ...
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