AMG Signs Definitive Agreement to Acquire Antimony Mining Rights and Secure Future Raw Material Supply

  AMSTERDAM, THE NETHERLANDS, Aug 30 (MARKET WIRE) -- 
AMG Advanced Metallurgical Group N.V. (EURONEXT: AMG) (AMSTERDAM: AMG)
has signed a definitive agreement to acquire significant antimony mining
rights and an adjacent antimony metal smelter in Turkey for a total
investment of up to approximately $20 million, including the assumption
of certain liabilities, other operational improvements, and options to
acquire additional mining rights. The acquisition is subject to certain
regulatory approvals and is expected to be closed within 30 days.

    The strategic rationale of the acquisition is to secure supply of antimony
metal used in AMG's antimony trioxide operation for the specialty chemical
flame retardant market. AMG is the largest producer of antimony trioxide
in Europe, processing over 10,000 tons of antimony metal per annum. In
June 2010, the European Commission identified antimony as one of 14
critical raw materials for the European Union.

    AMG expects that the acquisition will contribute substantially to
increasing the profitability and cash generation of AMG's antimony
trioxide business as the supply of antimony metal, particularly from
China, has become increasingly restricted.