AMG affiliate Timminco provides update on credit facility

- February 1st, 2010

AMG Advanced Metallurgical Group N.V.’s (EURONEXT AMSTERDAM: “AMG”) 42.6% owned affiliate, Timminco Limited (TSX: TIM) reported that its senior secured lender has agreed to delay the requirement for an additional $5 million of minimum availability reserve that would have become effective as of February 1, 2010, until March 1, 2010.

AMG Advanced Metallurgical Group N.V.’s (EURONEXT AMSTERDAM: “AMG”) 42.6% owned affiliate, Timminco Limited (TSX: TIM) reported that its senior secured lender has agreed to delay the requirement for an additional $5 million of minimum availability reserve that would have become effective as of February 1, 2010, until March 1, 2010.

The press release is quoted as saying:

Other key products produced by AMG include specialty alloys for titanium and superalloys, coating materials, tantalum and niobium oxides, vanadium chemicals and antimony trioxide.

Click here to access the entire press release

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