AMG Advanced Metallurgical Group N.V. Provides Information Regarding the National Truckers Strike in Brazil
May 29 2018 - 8:19AM
Amsterdam, 29
May 2018 (Regulated
Information) --- AMG Advanced
Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") has
temporarily shut down certain tantalum mining and processing
operations in Brazil as a result of the ongoing national truckers
strike.
At this stage AMG does not expect a material
financial impact as a result of the strike, subject, however, to
the length of the labor dispute. Furthermore, AMG does not expect
the industrial action to have a material impact on the ongoing
commissioning of AMG Mineracao's first lithium concentrate
processing plant at the Mibra Mine in Minas Gerais, Brazil.
AMG will provide further updates in due
course.
This press
release contains inside information within the meaning of Article
7(1) of the EU Market Abuse Regulation.
This press
release contains regulated information as defined in the Dutch
Financial Markets Supervision Act (Wet op het financieel
toezicht).
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 Critical Materials produces
aluminum master alloys and powders, titanium alloys and coatings,
ferrovanadium, natural graphite, chromium metal, antimony, lithium,
tantalum, niobium and silicon metal. AMG Engineering designs,
engineers, and produces advanced vacuum furnace systems and
operates vacuum heat treatment facilities, primarily for the
transportation and energy industries.
With approximately 3,300
employees, AMG operates globally with production facilities in
Germany, the United Kingdom, France, the Czech Republic, the United
States, China, Mexico, Brazil, India, Sri Lanka and Mozambique, 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
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.
May 29 2018
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
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