German commodity trader signs coal agreement with Shumba Energy

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HMS Bergbau AG has signed a memorandum of understanding with Shumba Energy, which will provide it with access to over 2 Bt of high-quality coal.This implies that HMS Bergbau AG, one of Germany’s leading independent commodity trading and marketing companies, has significantly expanded its operating activities in South Africa through its wholly owned subsidiary HMS Bergbau Africa.

The signed agreement sets out the principles for exclusive marketing of the coal through the HMS Bergbau AG international partner network. Both companies expect the production to start in 2019.

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