Amsterdam, 26 October 2016 (Regulated Information) — AMG Advanced Metallurgical Group N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) is pleased to announce that it has awarded an EPC contract to Outotec Oyj, Finland, for the turnkey delivery of a lithium concentrate (spodumene) beneficiation plant at the Mibra mine in Brazil.
The annual production capacity of the plant will be 90,000 tons of lithium concentrate. The spodumene plant is expected to be operational in the first half of 2018.
AMG’s recent marketing activities have reinforced the economic assumptions behind the project, including the plan for a timely expansion to an annual capacity of 140,000 tons of lithium concentrate.
The recovery of lithium-bearing minerals from existing tailings, a by-product of AMG’s tantalum operations in Brazil, is expected to result in a cost-leading production process.
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).
For further information, please contact:
AMG Advanced Metallurgical Group N.V. +1 610 293 5804
Senior Vice President
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