AMG Advanced Metallurgical Group N.V. Announces Completion of Ancuabe Graphite Mine Commissioning Process
(Thomson Reuters ONE) -
Amsterdam, 8 May 2017 --- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT
AMSTERDAM: "AMG") is pleased to announce that Graphit Kropfmuhl GmbH ("AMG
Graphite") has successfully completed the commissioning process at its Ancuabe
graphite mine in the Cabo Delgado province of Mozambique. AMG Graphite is an
operating division of AMG and an affiliate of Alterna Capital Partners LLC
("Alterna").
Production activities will restart in May 2017, with a projected annual
production capacity of 9,000 metric tons. AMG Graphite is the first and
currently sole graphite producer in the Ancuabe area of Mozambique.
AMG's Mozambique assets include permitted mining concession 4C which encompasses
the functional graphite producing plant at Ancuabe and exploration license
3659L at Nipacue, where a graphite deposit with a JORC compliant mineral
resource estimate of 900,000 metric tons has been developed.
About AMG
AMG is a global critical materials company at the forefront of CO(2) 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).
About Alterna Capital Partners
Alterna is a private equity firm that invests in capital assets and companies
with significant involvement in the ownership, operation or financing of capital
assets. Alterna seeks to make investments within the energy, industrial, power,
transportation and related sectors. Alterna was founded in 2008 and manages
over $1.25 billion across two funds and co-investments (www.alternacapital.com).
For further information, please contact:
AMG Advanced Metallurgical Group N.V. +1 610 293 5804
Steve Daniels
Senior Vice President
sdaniels(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.
Ancuabe FINAL:
http://hugin.info/138060/R/2101808/796926.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: AMG Advanced Metallurgical Group N.V. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 08.05.2017 - 07:01 Uhr
Sprache: Deutsch
News-ID 540722
Anzahl Zeichen: 5107
contact information:
Town:
Amsterdam
Kategorie:
Business News
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