AMG Critical Materials N.V.
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Publicatie datum
25 sep 2015 - 07:07
Statutaire naam
AMG Critical Materials N.V.
Titel
AMG Advanced Metallurgical Group N.V. Secures Project Financing from DEG for Ancuabe Mine Project
Bericht
Amsterdam, 25 September 2015 (Regulated Information) --- AMG Advanced Metallurgical Group N.V. ("AMG") is pleased to announce that it has secured $9.4 million of project financing from DEG - Deutsche Investitions- und Entwicklungsgesellschaft, a subsidiary of KfW, for the Ancuabe Mine project in the Cabo Delgado province of Mozambique.
The commitment for the countries of sub-Saharan Africa is one of the strategic focuses of DEG, just as accompanying German companies in future markets. The investment generates currency earnings for Mozambique and creates up to 100 jobs in a poor rural area of the country.
AMG will restart mining operations in the second quarter of 2016, with an initial projected annual production of 6,000 metric tons. Once operational, AMG's GK Ancuabe Graphite Mine S.A. operation will be the first and currently sole graphite producer in the Ancuabe area of Mozambique.
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