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 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).

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@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


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Source: AMG Advanced Metallurgical Group N.V. via Globenewswire