AMG MINING

LITHIUM PROJECT Since 2011 the company has been working tirelessly in what is known as the largest investment in the history of the AMG Group worldwide . “ The total investment , which involves the construction of an ore treatment unit for the concentration of Spodumene ( Lithium Mineral ), expansion of the existing operational support infrastructure and construction of a dam , is over U $ 60 million ,” says the President of AMG Mining , Fabiano Costa .

According to the president , the project outcome will make them the largest producer , marketer and , potentially , the largest exporter of lithium concentrate in Brazil . “ We are

already working on the conceptual design of doubling the capacity of the future plant and we will become the largest producer in the chemical transformation sector , which is currently the fastest growing in the world , focusing in the batteries manufacturing and the electric vehicles market ,” Costa adds .

The project itself has generated more than 500 jobs during the deployment phases and when completed will increase the company ’ s revenue by almost five times , breaching the $ 300 million mark . Costa continues in celebratory voice : “ The expectation is an increase of EBITDA in even greater proportions due to the

50 July 2017