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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, 04 November 09
BINANI HOPES TO BUY INDONESIAN COAL MINE IN 2-3 MONTHS
"We are still negotiating, but hope to conclude the deal in the next two to three months," Binani Cement Managing Director Vinod Juneja to ...
Tuesday, 03 November 09
CHINA TO BE NET COAL IMPORTER IN 2009
China is accelerating its importation of coal to cope with fallen output caused by the consolidation of small coalmines, and is likely to become a n ...
Monday, 02 November 09
RIO TINTO WARNS ON CHEAP MONGOLIAN COAL
The Age reported that, Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could u ...
Monday, 02 November 09
ESSAR SEEKS COAL ASSETS IN SOUTH AFRICA
Paguntaka reported that, Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of E ...
Sunday, 01 November 09
MINES REGULATION AMENDMENT BILL TO BE TABLED IN PARLIAMENT
Thaindia News reported that, A bill seeking to amend the Mines and Minerals Development Regulation Act, 1957, will be introduced in the winter sessi ...
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