Amsterdam, 10 August 2015 (Regulated Information) — AMG Advanced Metallurgical Group N.V. („AMG“) has agreed to amend the pricing and payment structure of the long-term tantalum sales contract of AMG Mineração, Brazil, with its major customer, Global Advanced Metals USA Inc. („GAM US“). In this context, AMG will receive a cash payment from GAM US and a 10% interest in Global Advanced Metals Pty Ltd („GAM“), the parent company of GAM US. GAM is majority owned by Resource Capital Funds, Denver, U.S.A. The restructured contract will not materially impact AMG’s earnings and cash flow forecast.
„In revising the contract terms with our major customer we have found a win-win solution. The 10% shareholding is combined with a Board seat of GAM and is another step in our relationship with GAM and Resource Capital Funds“ said Heinz Schimmelbusch, AMG’s CEO.
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, engineers, and produces advanced vacuum furnace systems and operates vacuum heat treatment facilities, primarily for the transportation and energy industries.
With approximately 3,000 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, Czech Republic, the 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.
Steve Daniels +1 610 293 5804
Vice President of Investor Relations
sdaniels@amg-nv.com
Disclaimer
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