C Si Ni Cr V Ti Ta Sc Li Sr Zr Fe Cu Zn Sn B Al Ce U Mn Mo Nb Sb

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In recent years, technological innovation, growth in clean energy, increased focus on strategic resource management and the development of emerging markets has increased the demand on raw materials. In addition, geopolitical/economic changes are impacting the supply of critical raw materials. AMG: Critical, Secure, Connected AMG’s long-term goal remains unchanged: to provide metallurgical solutions to the growing trend of sustainable development of natural resources and CO 2 reduction for the Energy, Aerospace, Infrastructure and Specialty Metals and Chemicals markets. The demand on critical raw materials and technologies needed to meet this goal is increasing. Structural changes involving infrastructure growth in emerging economies, natural resource scarcity and control, increasing demand for safe and secure environmentally responsible energy production and demand for more fuel efficient transportation continue to evolve. AMG, through vertical integration, seeks to secure many of the critical materials required to serve these growing end markets. AMG’s unique market position, with a combination of vacuum technology leadership, recycling services, conversion activities, and mines, is well positioned to capitalize on the long-term growth of critical raw materials and technologies. EU Critical Raw Materials The European Union (EU) issued the “Critical Raw Materials for the EU” 1 report (“EU Report”) in June 2010. The EU Report noted that “the EU is highly dependent on imports of ‘high tech’ metals such as cobalt, platinum, rare earths, and titanium. Such materials play an essential role in the development of innovative ‘environmental technologies’ for boosting energy efficiency and reducing greenhouse gas emissions. The EU Report concluded that some raw materials can be considered to be particularly critical, because of three reasons: their significant economic importance for key sectors, high supply risks and lack of substitutes”. AMG’s Secure Supply AMG believes that its MIBRA mine in Brazil is presently the world’s largest producer of “conflict free” tantalum, as described in the United States “Conflict Minerals Law”, enacted in July 2010. This law requires U.S. listed companies to report and make public the use of so-called “conflict minerals” from the Democratic Republic of the Congo or adjoining countries in their products. Tantalum is primarily used in capacitors for electronic equipment due to its high capacitance that can be achieved in a small volume, thus helping enable miniaturization of electronics. Through its secure contracts with producers of oil from the Canadian Oil Sands, AMG is the world’s largest recycler of spent catalysts used for the production of ferrovanadium and ferronickel-molybdenum. Ferrovanadium is a key component in the production of carbon steel used for infrastructure. FeNiMoly ® is used to create high quality stainless steel and special bar quality steel. In 2010 AMG acquired significant antimony mining rights and an adjacent antimony metal smelter in Turkey. The acquisition secured a significant supply of antimony metal used in AMG’s antimony trioxide operation for the specialty chemical flame retardant market. Natural graphite from AMG’s mine in Sri Lanka is used to produce a wide variety of products including insulation for infrastructure and electric motors for transportation. 1 Ad-hoc Working Group on defining critical raw materials Critical raw materials for the EU The ad-hoc Working Group is a sub-group of the Raw Materials Supply Group and is chaired by the European Commission. 8 AMG: Critical, Secure, Connected
Supply Risk Critical Raw Materials for the EU This report studied the “criticality” of 41 minerals. Based on a criticality methodology, the EU Report made conclusions regarding the economic importance and supply risk of the 41 minerals. The EU Report chart is below. The minerals in which AMG is involved are highlighted. AMG has secure raw material sources for 4 of the 14 minerals that the EU Report considered to be “critical raw materials”. AMG: Securing Supplies of Critical Raw Materials AMG has a wholly owned mine in Brazil that produces tantalum and niobium concentrates. AMG is the world’s largest recycler of spent catalysts used for the production of ferrovanadium and ferronickel-molybdenum through its secure contracts with producers of oil from the Canadian Oil Sands. In Turkey, AMG owns significant antimony mining rights and an adjacent antimony metal smelter. Through Graphit Kropfmühl, AMG has a high purity natural graphite mine in Sri Lanka. Mo Ni V Ferro Vanadium Vanadium Chemicals Ta Nb Rare Earths Ce Sb Tantalum Niobium PGM Germanium Magnesium Antimony Gallum Barytes Perlite Diatomite Talc Clays Beryllium Lithium Limestone Gypsum Ti Bentonite Silver Feldspar Copper Titanium Indium Tungsten Fluorspar Ta C Graphite Tantalum Cobalt V Rhenium Magmesote Vanadium Tellurium Manganese Iron Zinc Aluminum Bauxite Nickel Ni Chromium Li Si Silica Cu Cr Mo Molybdenum Fe Zn Al Economic Importance Critical Raw Materials Sb Antimony C Graphite Nb Niobium AMG: Critical, Secure, Connected 9
Page 1 and 2: Li 6.9 LITHIUM Sc 45.0 Ti 47.9 Sr Z
Page 3 and 4: Silicon Metal—used for solar ener
Page 5 and 6: ADVANCED MATERIALS AMG produces hig
Page 7 and 8: It is a strategic objective of AMG
Page 9: We continue to focus on products an
Page 13 and 14: carbon steel electronics superalloy
Page 15 and 16: Silicon Metal—used in the product
Page 17 and 18: N Nickel & Molybdenum- used in high
Page 19 and 20: Chromium —alloy used to produce s
Page 21 and 22: Sb Antimony—added to plastics as
Page 23 and 24: Dr. Schimmelbusch was appointed Chi
Page 25 and 26: The Advanced Materials Division’s
Page 27 and 28: Outlook Regional Breakdown Antimony
Page 29 and 30: Although the market environment for
Page 31 and 32: value proposition to ESD’s market
Page 33 and 34: Graphit Kropfmühl Graphit Kropfmü
Page 35 and 36: Risk Management and Internal Contro
Page 37 and 38: Senior Leverage covenant to 3.00x.
Page 39 and 40: Management Board Statement of Respo
Page 41 and 42: Male/US and Peru Date of birth: Oct
Page 43 and 44: Supervisory Board discussed the ris
Page 45 and 46: The Selection and Appointment Commi
Page 47 and 48: AMG OPTION PLAN (ALL CURRENCy AMOUN
Page 49 and 50: adjustment is not needed. The Super
Page 51 and 52: Sustainable Development AMG FACILIT
Page 53 and 54: association or collective bargainin
Page 55 and 56: Greenhouse Gas Emissions (thousands
Page 57 and 58: Global Reporting Initiative AMG sup
Page 59 and 60: Corporate Governance General AMG Ad
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the Management Board has a conflict
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Other than the above-mentioned agre
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Financial Review Year ended Decembe
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In thousands of US Dollars Period e
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Financial Statements Financial Stat
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Consolidated Statement of Comprehen
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Consolidated Statement of Changes i
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Notes to the Consolidated Financial
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Percentage held (directly or indire
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Measurement of the recoverable amou
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All financial information is presen
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(d) Derecognition of financial asse
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(ii) Intangible assets The fair val
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joint venture is impaired. If this
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the subsidiaries have a 100% intere
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The carrying amount of deferred tax
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4. Segment reporting For management
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Year ended December 31, 2009 Revenu
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Acquisition of mine in Turkey On Au
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10. Finance income and expense 2010
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Deferred tax assets and liabilities
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13. Property, plant and equipment C
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14. Intangible assets Cost Goodwill
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(3) ALD’s value in use was determ
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For the entities which are joint ve
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19. Restricted cash Restricted cash
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number of shares is then compared w
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subsidiaries with respect to the re
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Assumptions regarding future mortal
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Movement in fair value of plan asse
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At December 31, 2009, the number of
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as responsible for the clean-up ass
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29. Other liabilities Other liabili
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Interest on financial instruments c
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Change in price Effect on profit be
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Fair value hierarchy The Company us
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The open foreign exchange forward s
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34. Capital commitments The Company
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The compensation of the management
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Loans and Receivables On December 1
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AMG Advanced Metallurgical Group, N
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3. Intangible assets Intangible ass
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7. Receivables from associates and
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The following is the calculation of
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Other Information Article 25 and 26
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Shareholder Information Supervisory
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C Si Ni Cr V Ti Ta Sc Li Sr Zr Fe Cu Zn Sn B Al Ce U Mn Mo Nb Sb

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