AMG Critical Materials N.V.
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Publicatie datum
10 aug 2015 - 07:02
Statutaire naam
AMG Critical Materials N.V.
Titel
AMG Advanced Metallurgical Group N.V. Amends Long-Term Tantalum Supply Contract
Bericht
Amsterdam, 10 August 2015 (Regulated Information) --- AMG Advanced Metallurgical Group N.V. ("AMG") has agreed to amend the pricing and payment structure of the long-term tantalum sales contract of AMG Mineração, Brazil, with its major customer, Global Advanced Metals USA Inc. ("GAM US"). In this context, AMG will receive a cash payment from GAM US and a 10% interest in Global Advanced Metals Pty Ltd ("GAM"), the parent company of GAM US. GAM is majority owned by Resource Capital Funds, Denver, U.S.A. The restructured contract will not materially impact AMG's earnings and cash flow forecast.
"In revising the contract terms with our major customer we have found a win-win solution. The 10% shareholding is combined with a Board seat of GAM and is another step in our relationship with GAM and Resource Capital Funds" said Heinz Schimmelbusch, AMG's CEO.
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