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AMG Advanced Metallurgical Group N.V.: AMG Advanced Metallurgical Group N.V. Subsidiary Bogala Graphite Expands Exploration Activities

2014-07-29 17:32:00
Ticker Giełda ISIC Kraj Miasto
AMG XAMS Netherlands Amsterdam








Amsterdam, 29 July 2014 --- AMG Advanced Metallurgical Group N.V. ("AMG",

EURONEXT AMSTERDAM: "AMG") announces that AMG Mining's majority owned Bogala

Graphite Lanka Plc ("Bogala"), is starting an exploration program at the Rangala

mines in Sri Lanka.



The Rangala mines, which are 100% owned by Bogala, are located 8 km southeast of

the Bogala mines.  Significant commercial quantities of high purity graphite

have been identified at the Rangala deposit, which last operated as an active

mine in 1983.  Bogala has applied for a mining license from the Sri Lanka

Geological Survey & Mines Bureau for the Rangala deposit.



Bogala Graphite Lanka Plc is the largest global producer of high purity vein

graphite, which has superior electrical and thermal conductivity due to its

crystalline structure.  AMG Mining AG is Bogala's majority shareholder.  AMG

Mining is one of the world's leading graphite producing and refining companies,

with mining activities in Asia, Europe and Africa.







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 Processing 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 and vanadium

chemicals.

AMG Engineering designs 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.

AMG Mining produces critical materials utilizing its secure raw material sources

in Africa, Asia, Europe, and South America.  AMG Mining produces critical

materials such as high purity natural graphite, tantalum, antimony and silicon

metal.  These materials are of significant importance to the global economy and

are available in limited supply.  End markets for these materials include

electronics, energy efficiency, green energy, and infrastructure.

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 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 Communications

jcostello@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.





July 29 2014:

http://hugin.info/138060/R/1841793/640983.pdf







This announcement is distributed by GlobeNewswire on behalf of

GlobeNewswire clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and

other applicable laws; and

(ii) they are solely responsible for the content, accuracy and

originality of the information contained therein.



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

[HUG#1841793]





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