AMG SUBSIDIARY GRAPHIT KROPFMÜHL AG ANNOUNCES OPENING OF GRAPHITE MINE
(Thomson Reuters ONE) -
Amsterdam, 21 June 2012 --- AMG Advanced Metallurgical Group N.V.'s ("AMG",
EURONEXT AMSTERDAM: "AMG") subsidiary, Graphit Kropfmühl AG, Hauzenberg, Germany
("GK") announces that its graphite mine in Kropfmühl, Germany has reopened.
Graphite mining in Kropfmühl has become feasible due to increasing demand for
high purity natural graphite and global price developments.
GK processes over 25,000 tons of natural graphite per annum. This graphite
originates from GK's mines in Africa and Asia as well as from market sources.
GK intends to extract 300 tons of graphite from the Kropfmühl mine in 2012,
ramping up to approximately 1,300 tons in 2013. Securing resources through the
company's own raw materials deposits is a central goal in GK's corporate
strategy. GK is developing additional graphite deposits to increase its own raw
material supply, including ongoing exploration projects in Mozambique.
GK provides high purity natural graphite to the global market. Utilizing its
140 years of experience, GK is developing additional applications for high
purity natural graphite such as for energy saving insulation materials and
batteries for the electric car.
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.
GK restarts mine:
http://hugin.info/138060/R/1621380/518130.pdf
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Source: AMG Advanced Metallurgical Group N.V. via Thomson Reuters ONE
[HUG#1621380]
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Datum: 21.06.2012 - 12:01 Uhr
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