AMG Advanced Metallurgical Group N.V.
Published: 07:00 CET 02-11-2017 /GlobeNewswire /Source: AMG Advanced Metallurgical Group N.V. / : AMG /ISIN: NL0000888691
AMG Advanced Metallurgical Group N.V. Signs Engineering Contract for Lithium Concentrate Expansion
Amsterdam, 2 November 2017 (Regulated Information) --- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") is pleased to announce that it has mandated Outotec OYJ, Finland, to complete detailed engineering for a second lithium concentrate plant at the Mibra mine in Brazil. The annual design capacity of the second plant will be 90,000 tons, leading to a combined annual production capacity of 180,000 tons of lithium concentrate.
Parallel to the engineering work on the second lithium concentrate plant, AMG is finalizing plans to double the operating capacity of the Mibra mine.
The final investment decision for the second lithium concentrate plant is scheduled for December 2017. AMG expects the second lithium concentrate plant to be in production by the end of 2019.