Amsterdam, 30 August 2010 --- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") has signed a definitive agreement to acquire significant antimony mining rights and an adjacent antimony metal smelter in Turkey for a total investment of up to approximately $20 million, including the assumption of certain liabilities, other operational improvements, and options to acquire additional mining rights. The acquisition is subject to certain regulatory approvals and is expected to be closed within 30 days.

The strategic rationale of the acquisition is to secure supply of antimony metal used in AMG's antimony trioxide operation for the specialty chemical flame retardant market. AMG is the largest producer of antimony trioxide in Europe, processing over 10,000 tons of antimony metal per annum. In June 2010, the European Commission identified antimony as one of 14 critical raw materials for the European Union.

AMG expects that the acquisition will contribute substantially to increasing the profitability and cash generation of AMG's antimony trioxide business as the supply of antimony metal, particularly from China, has become increasingly restricted.

One of AMG's objectives is to reduce the volatility inherent in its specialty material portfolio by optimizing its position in the various value chains, including upstream integration wherever cost leadership can be obtained. In 2010 AMG has expanded its tantalum and niobium mine in Brazil, and successfully produced chemical grade lithium concentrate from its pilot plant at the same mine. This is a continuation of AMG's multi-mineral strategy to create incremental products and revenues from existing resources.