AMG enters into long term tantalum supply agreement
(Thomson Reuters ONE) -
Amsterdam, 19 October 2012 (Regulated Information) --- AMG Advanced
Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") announces that its
subsidiary, CIF Mineracao S.A., has entered into an agreement to supply a
substantial portion of the MIBRA tantalum mine output to an industry
manufacturer.
The deliveries under this multiyear agreement will commence in the second
quarter 2013 from AMG's Brazilian MIBRA mine. The agreement includes
significant cash prepayments upon signing and commencement of shipments, and a
price adjustment mechanism for a portion of the contracted volumes if certain
market conditions are met.
AMG believes that its MIBRA mine is presently the world's largest producer of
"conflict free" tantalum. AMG's tantalum business fully supports the Electronic
Industry Citizenship Coalition's (EICC) goals. The EICC is a group of companies
working together to foster a culture of social responsibility throughout the
global Electronics and Information and Communications Technology (ICT) supply
chain. AMG is committed to aligning our own operations with the provisions of
the EICC Code of Conduct.
Tantalum is primarily used in capacitors for electronic equipment due to its
high capacitance that can be achieved in a small volume, thus helping enable
miniaturization of electronics.
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 consists of two operating divisions, Advanced
Materials and Engineering Systems, and owns an interest in publicly-listed
Graphit Kropfmühl AG (Deutsche Börse: GKR.DE).
The Advanced Materials Division 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, 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, 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.
Graphit Kropfmühl AG is a majority owned, publicly listed subsidiary of AMG.
Based on its secure raw material sources in Africa, Asia 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.
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 in Belgium, Russia and Japan (www.amg-nv.com).
For further information, please contact:
AMG Advanced Metallurgical Group N.V. +1 610 975 4901
Jonathan Costello
Vice President of Corporate Development and Corporate Communications
jcostello(at)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 enters into long term tantalum supply agreement:
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Source: AMG Advanced Metallurgical Group N.V. via Thomson Reuters ONE
[HUG#1650565]
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Datum: 19.10.2012 - 07:00 Uhr
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News-ID 194145
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