AMG Mining Secures Graphite Mining Concession Posted on November...

AMG Mining Secures Graphite Mining Concession

Posted on November 7, 2012 by admin

November 7, 2012 (Source: Marketwire) — AMSTERDAM, NETHERLANDS, AMG Advanced Metallurgical Group N.V. (“AMG”) (EURONEXT: AMG) (AMSTERDAM: AMG) announces that its subsidiary, AMG Mining AG has been granted a 15 year mining concession in Mozambique for natural graphite.
The concession area comprises an open pit graphite mine and processing plant in the Ancuabe region of the Cabo Delgado province. AMG intends to restart graphite mining activity in this concession, which was last active under a previous owner in the 1990s. AMG is currently performing an environmental impact assessment, detailed engineering and feasibility study. AMG estimates upon reaching full production, this concession can produce 6,000 metric tons of medium flake graphite concentrate annually.
The Ancuabe natural graphite mine is part of AMG’s strategy to secure raw materials from its own natural resources and to reduce dependency on third party suppliers. The high purity flake natural graphite from the Ancuabe mine will be used in multiple high tech applications tailored to market needs​

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