A German coal trader is unfazed by decade-low coal prices that pushed producers into bankruptcy as it seeks to open Poland’s first mine in four decades. HMS Bergbau AG plans to invest more than 100-million euros ($111-million) to begin output from a mine in southern Poland by 2018, Dennis Schwindt, head of business development at the Berlin-based trader, said in an interview. The mine will be more competitive than state-backed peers and financing will be concluded after the company receives a mining license, he said.
