Taken from the 2013 AMG Annual Report
"AMG Graphite is continuing the geological and feasibility studies of the mine and processing project in Mozambique. AMG is evaluating further investment in the mine in combination with AMG’s long term goals and the global raw material supply situation."
Outlook
Demand for AMG Mining’s critical materials are being driven by further improvements in the global economy. Volumes for products used in “green technologies” such as energy efficient insulation, solar and lightweight aluminum materials should continue to improve. AMG Mining is optimizing its product mix, with a focus to increase volumes of higher value added products while limiting sales of lower margin products. Through the significant management and operational changes made over the prior year, AMG Mining is empowering its people to improve return on capital employed, increase profitability, and generate significant operating cash flow in 2014.
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