Press Release
Four New Market Members Join globalCOAL
LONDON AND SINGAPORE – 19 November 2010
globalCOAL® announced today that HC Trading Malta Ltd, Lubelski Wegiel Bogdanka S.A., Hess Energy Power & Gas Company and Traxys Europe S.A, have all joined the globalCOAL trading community as Market Members.
HC Trading is a subsidiary of the HeidelbergCement Group, a leading manufacturer of aggregates, cement and concrete listed on the Deutsche Borse. As the group’s trading arm, HC Trading is one of the largest international trading houses for cement and clinker in the world, with offices in Istanbul, Malta, Fort Lauderdale, Singapore, Shanghai and Dubai.
As one of Poland’s leading thermal coal producers, Lubelski Wegiel Bogdanka produced more than 5 million tonnes of coal in 2009. It operates one of the largest and most advanced mines in the Lubelskie Coal Basin and expects to grow its share of the Polish thermal coal market to 12% by 2014.
Hess is an independent energy company involved in the exploration and production of crude oil and natural gas, as well as the refining and marketing of refined petroleum products, natural gas and electricity. Hess is listed on the New York Stock Exchange.
Traxys is a global leader in financing, marketing, distribution and financial services for the mining, metals and minerals industries. Founded in 2003, Traxys today has 260 employees in more than 20 global locations.
“We are delighted to welcome this quartet of coal market participants to the globalCOAL trading community”, said Eoghan Cunningham, CEO of globalCOAL. “As four very diverse organisations, they reflect the breadth of our membership while corroborating globalCOAL’s appeal across a wide spectrum of coal market players.”
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