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AMG ADVANCED METALLURGICAL GROUP N.V. UPDATES GUIDANCE FOR 2018
Amsterdam, 5 September 2018 (Regulated Information) — AMG Advanced Metallurgical Group N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) is pleased to provide updated and improved guidance for 2018. Based on improving market conditions across AMG’s Critical Materials portfolio, AMG expects full year 2018 EBITDA to exceed $190 million.
This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
This press release contains regulated information as defined in the Dutch Financial Markets Supervision Act (Wet op het financieel toezicht).
About AMG
AMG is a global critical materials company at the forefront of CO2 reduction trends. AMG produces highly engineered specialty metals and mineral products and provides related vacuum furnace systems and services to the transportation, infrastructure, energy, and specialty metals & chemicals end markets.
AMG Critical Materials produces aluminum master alloys and powders, titanium alloys and coatings, ferrovanadium, natural graphite, chromium metal, antimony, lithium, tantalum, niobium and silicon metal. AMG Engineering designs, engineers, and produces advanced vacuum furnace systems and operates vacuum heat treatment facilities, primarily for the transportation and energy industries.
With approximately 3,300 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, the Czech Republic, the United States, China, Mexico, Brazil, India, Sri Lanka and Mozambique, and has sales and customer service offices in Russia and Japan (www.amg-nv.com).
For further information, please contact:
AMG Advanced Metallurgical Group N.V. +1 610 293 5804
Steve Daniels
Senior Vice President
sdaniels@amg-nv.com
Disclaimer
Certain statements in this press release are not historical facts and are “forward looking”. Forward looking statements include statements concerning AMG’s plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG’s competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG’s business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,” “should,” and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved. These forward looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statement contained herein to reflect any change in AMG’s expectations with regard thereto or any change in events, conditions, or circumstances on which any forward looking statement is based.
AMG Advanced Metallurgical Group N.V. Acquires remaining 49.9% interest in feldspar partnership
AMSTERDAM, Netherlands, Aug. 24, 2016 (GLOBE NEWSWIRE) — (Regulated Information) — AMG Advanced Metallurgical Group N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) is pleased to announce that AMG Mineração has acquired the remaining 49.9% interest in their unincorporated feldspar partnership from Colorminas, Brazil. The partnership between AMG Mineração and Colorminas was established in 2003 with the objective of producing and commercializing feldspar from tailings generated from AMG Mineração’s tantalum operations.
“The acquisition is in line with AMG’s strategy to streamline its organizational structure and enables AMG Lithium to eventually expand production, subject to the completion of a feasibility study and management approval, from the previously announced initial annual production capacity of 90,000 tons of lithium concentrate up to 140,000 tons of lithium concentrate,” said Mr. Fabiano Costa, President of AMG Mineração.
AMG Mineração’s Mibra mine produces 300,000 pounds of high purity tantalum oxides (Ta2O5) in concentrates annually primarily for use in capacitors for the electronics industry and produces 180,000 tons of feldspar for the local ceramics and glass industry.
About AMG
AMG is a global critical materials company at the forefront of CO2 reduction trends. AMG produces highly engineered specialty metals and mineral products and provides related vacuum furnace systems and services to the transportation, infrastructure, energy, and specialty metals & chemicals end markets.
AMG produces aluminum master alloys and powders, titanium alloys and coatings, ferrovanadium, natural graphite, chromium metal, antimony, tantalum, niobium and silicon metal. AMG Engineering designs and produces vacuum furnace equipment and systems used to produce and upgrade specialty metals and alloys for the transportation, automotive, infrastructure, and energy markets.
With approximately 3,000 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France,Czech Republic, United States, China, Mexico, Brazil and Sri Lanka, and has sales and customer service offices in Russia and Japan(www.amg-nv.com).
For further information, please contact:
AMG Advanced Metallurgical Group N.V.
+1 610 293 5804
Steve Daniels
Senior Vice President
sdaniels@amg-nv.com
Disclaimer
Certain statements in this press release are not historical facts and are “forward looking”. Forward looking statements include statements concerning AMG’s plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG’s competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG’s business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,” “should,” and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved. These forward looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statement contained herein to reflect any change in AMG’s expectations with regard thereto or any change in events, conditions, or circumstances on which any forward looking statement is based.
AMG Advanced Metallurgical Group N.V. Approves lithium project
Key Highlights
- AMG’s Supervisory Board approves project to construct a lithium concentrate (spodumene) plant at the Mibra mine inBrazil, with an initial annual production of 90,000 tons, expandable to 140,000 tons
- Production is expected to commence in the first quarter of 2018 and capital investment is estimated at approximately $50 million
- AMG expects to be the low cost producer of lithium concentrate globally
- Pre-feasibility study for the construction of a lithium chemical plant, with targeted annual production of between 14,000 tons and 20,000 tons lithium carbonate equivalent (LCE), will be completed in the fourth quarter 2016
AMSTERDAM, Netherlands, July 20, 2016 (GLOBE NEWSWIRE) — (Regulated Information) — AMG Advanced Metallurgical Group N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) is pleased to announce that the Supervisory Board of AMG has approved the construction of a lithium concentrate (spodumene) plant at the Mibra mine in Brazil.
“Following a number of years spent on preparatory activities, including the operation of a pilot plant at AMG’s Mibra mine in Brazil, we are delighted to announce our entrance into the lithium market,” said Dr. Heinz Schimmelbusch, CEO and Chairman of the Management Board. “The recovery of lithium-bearing minerals from existing tailings will enable AMG to be a cost leader in the lithium market, creating significant value for our shareholders.”
AMG’s new business segment, AMG Lithium, will commence operations in the first quarter of 2018, with an initial annual production capacity of 90,000 tons of lithium concentrate, expandable to 140,000 tons. Total capital investment is estimated at approximately $50 million and will be incurred primarily in 2016 and 2017.
The recovery of lithium-bearing minerals from existing tailings, a by-product of AMG’s tantalum operations in Brazil, is expected to result in a cost-leading production process.
This announcement follows the press release distributed on March 10, 2016, in which AMG announced that Outotec completed an affirmative prefeasibility study for the recovery of lithium-bearing mineral Spodumene.
In addition, AMG has completed an affirmative scoping study for the downstream conversion of lithium concentrate into lithium hydroxide and/or lithium carbonate. As part of this analysis, AMG performed a global site location study to determine the best location for a new lithium chemical plant.
Following the successful completion of the scoping and location studies, AMG has commissioned Hatch to complete a pre-feasibility study for the construction of a lithium chemical plant, with targeted annual production of between 14,000 tons and 20,000 tons lithium carbonate equivalent (LCE).
The previously published Technical Report on Mineral Resources states that AMG’s Mibra mine has 14.7 million tons of measured and indicated resources, including tantalum, niobium, tin and lithium. AMG estimates that the current life of the mineral resource is approximately 18 years, based upon current production levels.
Chemical grade lithium is primarily used in lithium-ion batteries and in the fine-chemical industry.
About AMG
AMG is a global critical materials company at the forefront of CO2 reduction trends. AMG produces highly engineered specialty metals and mineral products and provides related vacuum furnace systems and services to the transportation, infrastructure, energy, and specialty metals & chemicals end markets.
AMG produces aluminum master alloys and powders, titanium alloys and coatings, ferrovanadium, natural graphite, chromium metal, antimony, tantalum, niobium and silicon metal. AMG Engineering designs and produces vacuum furnace equipment and systems used to produce and upgrade specialty metals and alloys for the transportation, automotive, infrastructure, and energy markets.
With approximately 3,000 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France,Czech Republic, United States, China, Mexico, Brazil and Sri Lanka, and has sales and customer service offices in Russia and Japan(www.amg-nv.com).
For further information, please contact:
AMG Advanced Metallurgical Group N.V.
+1 610 293 5804
Steve Daniels
Senior Vice President
sdaniels@amg-nv.com
Disclaimer
Certain statements in this press release are not historical facts and are “forward looking”. Forward looking statements include statements concerning AMG’s plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG’s competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG’s business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,” “should,” and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved. These forward looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statement contained herein to reflect any change in AMG’s expectations with regard thereto or any change in events, conditions, or circumstances on which any forward looking statement is based.
AMG Advanced Metallurgical Group N.V. Announces completion of prefeasibility study for the recovery of lithium-bearing minerals from the volta grande mine
AMSTERDAM, Netherlands, March 10, 2016 (GLOBE NEWSWIRE) — (Regulated Information) — AMG Advanced Metallurgical Group N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) is pleased to announce that Outotec has completed an affirmative prefeasibility study for the recovery of Spodumene, a lithium-bearing mineral, from its Volta Grande mine tailings resource in Brazil.
As previously announced, AMG has been operating a Spodumene pilot plant at the Volta Grande mine, recovering lithium-bearing material from existing tailings.
Following completion of the prefeasibility study, AMG has commissioned Outotec to perform basic engineering for a Spodumene operation, with targeted annual production of 90,000 tons. AMG is also working with Outotec and Hatch, separately, to conduct scoping studies to determine the optimum chemical process route to convert spodumene concentrate into either lithium hydroxide monohydrate or lithium carbonate.
The Technical Report on Mineral Resources, published by AMG in April 2013, states that AMG’s Volte Grande mine has 19.3 million tons of measured, indicated and inferred resources, which includes tantalum, niobium, tin and lithium. The mineral resource estimates were prepared in accordance with the classification standards adopted by the Canadian Securities Administrators’ National Instrument 43-101 Standards of Disclosure for Mineral Projects.
AMG will provide further updates on the status of the project as appropriate.
About AMG
AMG is a global critical materials company at the forefront of CO2 reduction trends. AMG produces highly engineered specialty metals and mineral products and provides related vacuum furnace systems and services to the transportation, infrastructure, energy, and specialty metals & chemicals end markets.
AMG Critical Materials produces aluminum master alloys and powders, titanium alloys and coatings, ferrovanadium, natural graphite, chromium metal, antimony, tantalum, niobium and silicon metal. AMG Engineering designs and produces vacuum furnace equipment and systems used to produce and upgrade specialty metals and alloys for the transportation, automotive, infrastructure, and energy markets.
With approximately 3,000 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France,Czech Republic, United States, China, Mexico, Brazil and Sri Lanka, and has sales and customer service offices in Russia and Japan(www.amg-nv.com).
About Outotec
Outotec designs and delivers tailored solutions and life cycle services for minerals and metals, water, energy, and chemical processing.
For further information, please contact:
AMG Advanced Metallurgical Group N.V.
+1 610 293 5804
Steve Daniels
Senior Vice President
sdaniels@amg-nv.com
Disclaimer
Certain statements in this press release are not historical facts and are “forward looking”. Forward looking statements include statements concerning AMG’s plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG’s competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG’s business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,” “should,” and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved. These forward looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statement contained herein to reflect any change in AMG’s expectations with regard thereto or any change in events, conditions, or circumstances on which any forward looking statement is based.
AMG Advanced Metallurgical Group N.V. Announces tantalum mineral resources update at volte grande mine
Amsterdam, 22 April 2013 — AMG Advanced Metallurgical Group N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) announces that AMG Mineração, a subsidiary of AMG Mining, has updated its mineral resource estimates for its Volte Grande mine in Brazil in accordance with CIM Definition Standard and Canadian Securities Administrators’ National Instrument 43-101 (“NI 43-101”) Guidelines.
The Technical Report on Mineral Resources states that AMG Mineração’s Volte Grande mine has 14.7 million tons of measured and indicated resources. Those resources include tantalum, niobium, tin and lithium. This report is based upon drillings and research done during the 2011-2012 core drilling campaign and certain economic assumptions that reflect today’s current market prices and extraction costs.
Compared to the previous Mineral Resource Statement, which was completed in 2010:
* the measured and indicated mineral resource for the Volte Grande project increased by 8.9 million tons, to 14.7 million tons, an increase of approximately 150%,
* the inferred mineral resource increased by 4.0 million to 4.7 million tons, an increase of approximately 550%, and;
* the combined measured, indicated and inferred mineral resource increased by 12.9 million tons to 19.3 million tons, an increase of approximately 200%.
AMG estimates that the current life of the mineral resource is approximately 20 years, based upon current tantalum concentrate production levels, extraction and processing costs, and current economic conditions. The detailed table of the mineral resources is below:
+------------------------------------------------------------------------------+ | Table 1.5_1 | | AMG - Volta Grande Project | | Table of Mineral Resources (01/01/2013) - Applied cut-off : 69 ppm Ta | | Block Model 25m x 25m x 5m (Sub-blocks: 6.25m x 6.25m x 1.25m) | +------------+-------------+--------+-------+--------+-------+--------+--------+ |Resource |Mineralized |Volume |Tons |Ta (ppm)|Nb |Sn (ppm)|Li (ppm)| | |body |(Mm³) |(Mt) | |(ppm) | | | +------------+-------------+--------+-------+--------+-------+--------+--------+ | |Corpo A | 0.91 | 2.50 |275.26 |55.59 |294.92 |3,321.48| |Measured +-------------+--------+-------+--------+-------+--------+--------+ | |Corpo F | 0.03 | 0.07 |529.11 |49.27 |336.57 |2,172.25| +------------+-------------+--------+-------+--------+-------+--------+--------+ | Sub Total | 0.94 | 2.57 |282.41 |55.42 |296.09 |3,289.12| +--------------------------+--------+-------+--------+-------+--------+--------+ | | +------------+-------------+--------+-------+--------+-------+--------+--------+ | |Corpo A | 3.48 | 9.40 |340.37 |56.57 |262.15 |3,298.32| | +-------------+--------+-------+--------+-------+--------+--------+ |Indicated |Corpo C | 1.03 | 2.68 |267.02 |64.18 |576.47 |3,810.72| | +-------------+--------+-------+--------+-------+--------+--------+ | |Corpo F | 0.02 | 0.06 |688.12 |55.48 |348.12 |2,917.27| +------------+-------------+--------+-------+--------+-------+--------+--------+ | Sub Total | 4.54 |12.15 |325.90 |58.25 |332.03 |3,409.66| +--------------------------+--------+-------+--------+-------+--------+--------+ | | +------------+-------------+--------+-------+--------+-------+--------+--------+ | |Corpo A | 4.39 |11.90 |326.69 |56.36 |269.04 |3,303.19| | +-------------+--------+-------+--------+-------+--------+--------+ |Measured + |Corpo C | 1.03 | 2.68 |267.02 |64.18 |576.47 |3,810.72| |Indicated +-------------+--------+-------+--------+-------+--------+--------+ | |Corpo F | 0.05 | 0.13 |601.46 |52.10 |341.83 |2,511.26| +------------+-------------+--------+-------+--------+-------+--------+--------+ | Sub Total | 5.47 |14.72 |318.29 |57.75 |325.75 |3,388.58| +--------------------------+--------+-------+--------+-------+--------+--------+ | | +------------+-------------+--------+-------+--------+-------+--------+--------+ | |Corpo A | 0.51 | 1.36 |415.06 |67.31 |236.67 |4,124.58| |Inferred +-------------+--------+-------+--------+-------+--------+--------+ | |Corpo C | 1.26 | 3.29 |264.56 |64.13 |841.48 |3,808.72| +------------+-------------+--------+-------+--------+-------+--------+--------+ | Sub Total | 1.77 | 4.65 |308.51 |65.06 |664.86 |3,900.96| +--------------------------+--------+-------+--------+-------+--------+--------+
The mineral resource estimates have been prepared in accordance with the classification standards adopted by the Canadian Securities Administrators’ National Instrument 43-101 Standards of Disclosure for Mineral Projects. The mineral resource estimates have been prepared by, or under the supervision of, Fábio Valério Câmara Xavier, a Member of the Australian Institute of Geosciencesand a Qualified Person under NI 43-101.
About AMG
AMG creates and applies innovative metallurgical solutions to the global trend of sustainable development of natural resources and CO(2) reduction. AMG produces highly engineered specialty metal products and advanced vacuum furnace systems for the Energy, Aerospace, Infrastructure and Specialty Metals and Chemicals end markets.
AMG Processing develops and produces specialty metals, alloys and high performance materials. AMG is a significant producer of specialty metals, such as ferrovanadium, ferronickel-molybdenum, aluminum master alloys and additives, chromium metal and ferrotitanium, for Energy, Aerospace, Infrastructure and Specialty Metal and Chemicals applications. Other key products include specialty alloys for titanium and superalloys, coating materials and vanadium chemicals.
AMG Engineering designs, engineers and produces advanced vacuum furnace systems and operates vacuum heat treatment facilities, primarily for the Aerospace and Energy (including solar and nuclear) industries. Furnace systems produced by AMG include vacuum remelting, solar silicon melting and crystallization, vacuum induction melting, vacuum heat treatment and high pressure gas quenching, turbine blade coating and sintering. AMG also provides vacuum case-hardening heat treatment services on a tolling basis.
AMG Mining produces critical materials utilizing its secure raw material sources in Africa, Asia, Europe and South America. AMG Mining produces critical materials such as high purity natural graphite, tantalum, antimony and silicon metal. These materials are of significant importance to the global economy and are available in limited supply. End markets for these materials include electronics, energy efficiency, green energy and infrastructure.
With over 3,000 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, Czech Republic, United States, China, Mexico, Brazil, Turkey, Poland, India and Sri Lanka and has sales and customer service offices inBelgium, Russia and Japan (www.amg-nv.com).
For further information, please contact:
AMG Advanced Metallurgical Group N.V.
+1 610 293 5804
Steve Daniels
Senior Vice President
sdaniels@amg-nv.com
Disclaimer
Certain statements in this press release are not historical facts and are “forward looking.” Forward looking statements include statements concerning AMG’s plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG’s competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG’s business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,” “should,” and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved. These forward looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statement contained herein to reflect any change in AMG’s expectations with regard thereto or any change in events, conditions, or circumstances on which any forward looking statement is based. April 22 2013: http://hugin.info/138060/R/1694928/557546.pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reutersclients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: AMG Advanced Metallurgical Group N.V. via Thomson Reuters ONE [HUG#1694928]
AMG successfully produces lithium concentrate
Amsterdam, 30 April 2010 — AMG Advanced Metallurgical Group N.V. (“AMG,” EURONEXT AMSTERDAM: “AMG”) announced that its Advanced Materials Division has successfully produced chemical grade lithium concentrate from its pilot plant at its MIBRA mine in Brazil. This is a continuation of AMG’s multi-mineral strategy to leverage its existing natural resources to create incremental products and revenues.
AMG has operated a pilot plant for the separation of lithium minerals and albite, a byproduct from tantalum containing pegmatite, since the fourth quarter 2009. The final investment decision for full industrial scale production of lithium concentrate will be made upon completion of the pilot plant work and feasibility study with affirmative results in the second half of 2010. AMG’s first phase of operation would include an expected annual capacity to produce 36,000 tons of lithium concentrate (6.5% lithium oxide (Li(2)0) contained) by 2012. Adding lithium is a continuation of AMG’s strategy to extract additional valuable materials from AMG’s primary ore body, the MIBRA mine located in Brazil. Chemical grade lithium is primarily used in lithium-ion batteries and in the specialty glass and fine-chemical industries.
AMG’s MIBRA mine is one of the world’s largest and most cost efficient tantalum mines and has 30 years of indicated and estimated tantalum resources. AMG has commissioned an independent geological firm to certify the lithium containing reserves in the mine.
About AMG
AMG, incorporated in the Netherlands, is a global leader in the production of highly engineered specialty metal products and advanced vacuum furnace systems. AMG serves growing industries worldwide with its unique combination of metallurgical engineering expertise and production know-how. AMG is a market leader in many of its products and systems, which are critical to the production of key components for the aerospace, energy (including solar and nuclear), electronics, optics, chemicals, construction and transportation industries. AMG has two operating divisions of businesses, Advanced Materials and Engineering Systems, and owns interests in publicly-listed companies Graphit Kropfmühl AG (Deutsche Börse: GKR.DE) and Timminco Limited (TSX: “TIM”).
The Advanced Materials Division develops and produces niche specialty metals and complex metals products, many of which are used in demanding, safety-critical, high-stress environments. AMG is one of a limited number of significant producers globally of niche specialty metals, such as ferrovanadium, ferronickel-molybdenum, aluminum master alloys and additives, chromium metal and ferrotitanium, used by steel, aluminum, chemical and superalloy producers for aerospace, automotive, energy, electronics, optics, chemicals, construction and other applications. Other key products produced by AMG include specialty alloys for titanium and superalloys, coating materials, tantalum and niobium oxides, vanadium chemicals and antimony trioxide.
The Engineering Systems Division designs, engineers and produces advanced vacuum furnace systems and operates vacuum heat treatment facilities. AMG is a global leader in supplying technologically-advanced vacuum furnace systems to customers in the aerospace, energy (including solar and nuclear), transportation, electronics, superalloys and specialty steel industries. Examples of furnace systems produced by AMG include vacuum remelting, solar silicon melting and crystallization, vacuum induction melting, vacuum heat treatment and high pressure gas quenching, vacuum precision casting, turbine blade coating and sintering. AMG also provides vacuum case-hardening heat treatment services on a tolling basis to customers through facilities equipped with vacuum heat treatment furnaces.
Graphit Kropfmühl AG is a majority controlled, publicly listed subsidiary of AMG. Based on its secure raw material sources in Africa, China and Europe, Graphit Kropfmühl is a specialist in the production of silicon metal and the extraction, processing and refining of natural crystalline graphite for a wide range of energy saving industrial applications.
Timminco Limited is a publicly listed affiliate of AMG. Timminco produces silicon metal for the chemical, aluminum, electronic and solar industries.
Timminco also produces solar grade silicon, using its proprietary technology for purifying silicon metal, for the solar energy industry.
AMG operates globally with production facilities in Germany, the United Kingdom, France, Czech Republic, the United States, Canada, Mexico, Brazil, Sri Lanka and Australia and also has sales and customer service offices in Belgium, Russia, China and Japan (website:www.amg-nv.com).
For further information, please contact:
AMG Advanced Metallurgical Group N.V.
+1 610 293 5804
Steve Daniels
Senior Vice President
sdaniels@amg-nv.com
Disclaimer
Certain statements in this press release are not historical facts and are “forward looking.” Forward looking statements include statements concerning AMG’s plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG’s competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG’s business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,” “should,” and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved. These forward looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statement contained herein to reflect any change in AMG’s expectations with regard thereto or any change in events, conditions, or circumstances on which any forward looking statement is based.