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Amsterdam, 4 June 2012 AMG Advanced Metallurgical Group N.V.’s (“AMG”, EURONEXT AMSTERDAM: “AMG”) wholly owned subsidiary, AMG Mining AG (“AMG Mining”) has informed Graphit Kropfmühl AG, Hauzenberg, Germany (“GK”) that it owns approximately 93.6% of GK’s shares and that it intends to enter into negotiations regarding the execution of a merger agreement pursuant to which GK will be merged into AMG Mining.

In connection with the merger, a squeeze-out of the other GK shareholders pursuant to section 62 paragraph 5 sentence 1 of the German Transformation Act (Umwandlungsgesetz – UmwG) and sections 327a et seq. of the German Stock Corporation Act (Aktiengesetz – AktG) will be effected.  AMG Mining has requested a resolution at the GK ordinary General Meeting to transfer all minority shareholders’ outstanding shares to AMG Mining in exchange for cash compensation.  GK’s ordinary General Meeting is scheduled for August 27, 2012.

GK’s vertically integrated high purity natural graphite business, with mines in Europe, Asia and Africa, is a key component in the previously announced formation of AMG Mining.  The formation of this new business unit will better facilitate the management and operation of AMG’s vertically integrated mining businesses.
  

Credit Facility Expansion

AMG has exercised the incremental term and revolving facility feature of its primary multicurrency term loan and revolving credit facility and secured approximately $62 million in incremental credit from its banking consortium.  AMG’s total credit facility is now a U.S. dollar equivalent $377 million with no incremental change in the borrowing costs.  The term of this facility remains the same, with an April 2016 maturity date.  AMG intends to use the proceeds of the incremental facility to refinance GK’s existing debt facilities, of which $28.1 million was outstanding as of March 31, 2012, and to fund the squeeze out of minority shareholders.     

About AMG

AMG creates and applies innovative metallurgical solutions to the global trend of sustainable development of natural resources and CO2 reduction.  AMG produces highly engineered specialty metal products and advanced vacuum furnace systems for the Energy, Aerospace, Infrastructure and Specialty Metals and Chemicals end markets.  AMG consists of two operating divisions, Advanced Materials and Engineering Systems, and owns an interest in publicly-listed Graphit Kropfmühl AG (Deutsche Börse: GKR.DE).

The Advanced Materials Division develops and produces specialty metals, alloys and high performance materials. AMG is a significant producer of specialty metals, such as ferrovanadium, ferronickel-molybdenum, aluminum master alloys and additives, chromium metal and ferrotitanium, for Energy, Aerospace, Infrastructure and Specialty Metal and Chemicals applications.  Other key products include specialty alloys for titanium and superalloys, coating materials, tantalum and niobium oxides, vanadium chemicals and antimony trioxide.

The Engineering Systems Division designs, engineers and produces advanced vacuum furnace systems and operates vacuum heat treatment facilities, primarily for the Aerospace and Energy (including solar and nuclear) industries.  Furnace systems produced by AMG include vacuum remelting, solar silicon melting and crystallization, vacuum induction melting, vacuum heat treatment and high pressure gas quenching, turbine blade coating and sintering.  AMG also provides vacuum case-hardening heat treatment services on a tolling basis.

Graphit Kropfmühl AG is a majority owned, publicly listed subsidiary of AMG.  Based on its secure raw material sources in Africa, Asia and Europe, Graphit Kropfmühl is a specialist in the production of silicon metal and the extraction, processing and refining of natural crystalline graphite for a wide range of energy saving industrial applications. 

With over 3,000 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, Czech Republic, United States, China, Mexico, Brazil, Turkey, Poland, India and Sri Lanka and has sales and customer service offices in Belgium, Russia and Japan (www.amg-nv.com).   

For further information, please contact:

AMG Advanced Metallurgical Group N.V.  +1 610 975 4901
Jonathan Costello
Vice President of Corporate Development Corporate Communications
jcostello@amg-nv.com

Disclaimer

Certain statements in this press release are not historical facts and are “forward looking.”  Forward looking statements include statements concerning AMG’s plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG’s competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG’s business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information.  When used in this press release, the words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,” “should,” and similar expressions, and the negatives thereof, are intended to identify forward looking statements.  By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved.  These forward looking statements speak only as of the date of this press release.  AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statement contained herein to reflect any change in AMG’s expectations with regard thereto or any change in events, conditions, or circumstances on which any forward looking statement is based.


This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

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(i) the releases contained herein are protected by copyright and other applicable laws; and
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information contained therein.

Source: AMG Advanced Metallurgical Group N.V. via Thomson Reuters ONE

Article source: http://www.reuters.com/article/2012/06/04/idUS36347+04-Jun-2012+HUG20120604

New Zealand Olympic BMX rider Sarah Walker. Photo / Kenny Rodger

The difficulty of earning Olympic medals has been highlighted recently as athlete sleeper cells emerge from hibernation to challenge in London, threatening NZ podium contenders. Andrew Alderson looks at several events where medals seemed ‘probable’ last year but have now slipped into the ‘possible’ category.

Previous world championship results can seem hollow when Olympic threats begin emerging. A new generation of prime Kiwi athleticism is set to discover if they have the hearts and heads to match the world’s best under pressure. Here are several examples of those coming under scrutiny:

Men’s double sculls

Nathan Cohen came within one place of a bronze medal in 2008 with Rob Waddell. With fellow two-time world champion Joseph Sullivan, the campaign has snagged. Last place in the B final at the Lucerne World Cup means serious work is required over the next two months to restore confidence. Still, in 2008, the Evers-Swindell twins missed one world cup event through illness and only won the B final in the other. Adding to Cohen and Sullivan’s woes is the form of defending Olympic champions David Crawshay and Scott Brennan.

The Australians had two years off after Beijing, came fourth last year and took silver last weekend in Lucerne.

Women’s single sculls

Crack Belarussian Ekaterina Karsten is still to race this season, world champion Mirka Knapkova is easing into top form, China’s Xiuyan Zhang won the initial World Cups and Azerbaijani Nataliya Mustafayeva upstaged fifth-placed Emma Twigg in Lucerne – so there are plenty of challenges to Twigg’s podium dream after she earned bronze at the last two world championships.

Women’s pair

The latest recipe on Juliette Haigh and Rebecca Scown’s website 1boat2girls.co.nz is for beef cannelloni. They’ll need several hearty feeds of it to re-establish themselves in an event they have dominated for two seasons. At Lucerne they lost for just the second time in their two-year partnership, beaten by the British who are shaping as Olympic favourites on home water. The same crew beat them last year, also at Lucerne. The New Zealanders then pipped them by 0.08s at the world championships. The United States are a threat and, as defending Olympic champions, Romania are likely to produce a crack unit. Insiders say Haigh and Scown need to work on their speed in the first 500m.

Men’s Omnium

Shane Archbold captured the public imagination with his omnium silver medal at last year’s track cycling world championships. With his hairstyle a possible candidate for the hall of fame on ratemymullet.com – the 23-year-old is a dynamo in cycling’s ‘sextathlon’ – a flying lap against the clock, points race, elimination, individual pursuit, scratch race and time trial. He dropped to fifth at this year’s world championships, let down by 16th in the points race and seventh in the pursuit while other riders such as Australia’s Glenn O’Shea stormed into contention. In the aftermath he assessed the situation in a state of disbelief: “I’m not winning, so something is going wrong.”

Women’s BMX

After fourth at Beijing, Sarah Walker has remained on the podium at big events (including a win at the 2009 world championships). However, last month’s BMX world championships in Birmingham culminated in ninth overall. Walker at least had her riding mojo back just six weeks after dislocating her shoulder. She had only been back on her bike a week and had not practised on the 8m-high start ramp until Birmingham. The downside is world championship gold and silver medallists Magalie Pottier and Eva Ailloud of France are on the rise and Brit Shanaze Read has won three of the last four world championships.

Men’s Javelin

Stuart Farquhar remains the answer to one of the more obscure pieces of track and field trivia: Which New Zealand athlete who isn’t Val Adams led the world in 2012? The 30-year-old’s 86.31m throw, set at a meet in Hiroshima on April 29, is still the mark to beat two months out from the Games. Farquhar has positioned himself as a threat but the key is performing in Olympic competition. He has to withstand fellow spear-chuckers like Olympic champion Andreas Thorkildsen and world champion Matthias de Zordo.

Women’s Hockey

Back in July the Black Sticks earned bronze at the Champions Trophy in Amsterdam. It was the first medal for a New Zealand hockey team at a Champions Trophy. The team has equalled its highest world ranking (sixth) and have also produced consistent results against an international benchmark like Australia, including a goal difference victory in the three-match Oceania Cup. Germany and the Netherlands are still considered out in front but Britain and Argentina loom as potential spoilers to a first medal for the New Zealand women. The team’s form slumped with sixth at the Champions Trophy in Argentina earlier this year.

Women’s Triathlon

A flat course and a British runner who has tattooed a map of it in her mind are the biggest threats to Andrea Hewitt becoming New Zealand’s first female triathlon medallist at an Olympics. Hewitt is one of the athletes to beat with consistent performances in the past year, carving one and a half minutes off her average 10km run over the last three years. However, several athletes may benefit more from the flat track in London, threatening her medal chances. Hewitt (ranked 1 in the world) and Brit Helen Jenkins (2) are the top two triathletes in the world but Jenkins has the advantage of almost living in the Hyde Park venue, committing every nuance to memory during years of training. She won the practice event there last year.

By Andrew Alderson | Email Andrew

Article source: http://www.nzherald.co.nz/sport/news/article.cfm?c_id=4&objectid=10810350

Cologne may be the four most populated cities in Germany. Today the city is actually a beautiful cultured destination with great leisure facilities, pubs and retailers. Even so, during WWII, Cologne was heavily bombed and damaged. Following years of restoration operate it has been rebuilt to portray the great historic Roman city it use to become.

Travelling to Cologne
Flying will be the recommended alternative of transport because the city has Kln/Bonn Konrad Adenauer Airport positioned 10km in the centre. Also, for folks arriving from nations which might be outside Europe, Frankfurt Airport may be the closest and provides transfers for the 200km journey. Trains and big roads make it easy to get for the city by way of other approaches.

Accommodation in Cologne
Hotels would be the most popular option of accommodation in Cologne. Nevertheless, test for the festival dates as this may seriously have an effect on the availability of rooms. Hotels are great because they supply diverse classes of rooms and are conveniently situated around the city.

A Short Historical past of Cologne
Cologne features a vast historical past as it is the eldest city in Germany. The city has wonderful significance in Roman Historical past as it is one particular of four sanctified cities that formed the north corner spot in the Empire.

On the starting of the thirteenth century Cologne was renowned for currently being the biggest fortified city on the planet. Nevertheless, it has been changed about a whole lot considering that then as 90% of Cologne was destroyed throughout WWII.

City Attractions and Sights
Since the heavy bombing in WWII, restoration efforts have observed the city burgeon in to the historic Roman centre that it used to be. The Cologne Cathedral (Klner Dom) that was initially established in 1248 was rebuilt to its previous state. It’s an essential feature with the city and one of the worlds most impressive Cathedrals.

If you are considering museums then head for the Aldstadt city’s most renowned museums are this sort of because the Museum Ludwig. For rest verify out Claudius Spa that is certainly found in the Rheinpark area despite the fact that, you will need a vehicle to produce the journey.

Shopping in Cologne
Cologne includes a wonderful selection of stores that cater for everybody’s needs. Probably the most popular purchasing areas are inside the centre in which there are numerous huge. Other smaller streets that head out from the centre have more special stores and indoor markets. The buying places are sectioned off for pedestrians, attractive and effectively laid out.

Food and Drink
Cologne has an excellent range of leading high quality restaurants that provide all varieties of international food. You will find also several attractive cafes and bars at the same time as all takeaway choices.

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