DGAP-News: Metalcorp Group: update on Guinea operations

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This is incorrect - SBG's mining operations have never been halted.

Metadata

Provider:

EQS

Retrieved on:

Thursday, January 20, 2022

Information

Tags:

Mineral, SBG, Oslo Stock Exchange, Metal, ISIN, Mining, Industry, Marketing, Appellate court, Frankfurt Stock Exchange, Deutsch, Open Market

Geotags:

GUINEA, LUXEMBOURG, CONAKRY

Summary

Key Points:

This is incorrect - SBG's mining operations have never been halted.
This preliminary proceeding was cancelled in favour of SBG by the Appeal Court of Conakry, Guinea on 4 January 2022.
Metalcorp Group is a diversified global service provider in the metals and minerals industry including procurement, marketing, mining and processing of such products.
Metalcorp Group carries out a risk averse back-to-back business model underpinned by a significant asset base.

DGAP-News: Metalcorp Group S.A.

/ Key word(s): Miscellaneous

Metalcorp Group: update on Guinea operations

20.01.2022 / 13:05

The issuer is solely responsible for the content of this announcement.

Metalcorp Group: update on Guinea operations

Luxembourg, 20 January 2022 - Metalcorp Group S.A., a global service provider for the procurement, production, mining and marketing of metals and minerals, herewith states its position on media reports suggesting that the mining operations of the Guinea bauxite subsidiary Société des Bauxites de Guinée (SBG) have been halted. This is incorrect - SBG's mining operations have never been halted. There was a preliminary proceeding initiated by a supplier whose appointment was cancelled by SBG due to the supplier's non fulfilment of its contractual obligations. This preliminary proceeding was cancelled in favour of SBG by the Appeal Court of Conakry, Guinea on 4 January 2022. This had no economic impact on either SBG or Metalcorp.

Metalcorp looks forward to publishing its preliminary full year 2021 results on 27 January 2022.

About Metalcorp Group S.A.:

Metalcorp Group is a diversified global service provider in the metals and minerals industry including procurement, marketing, mining and processing of such products. The company's divisions are aluminium, metals and concentrates, bulk and ferrous. Metalcorp Group carries out a risk averse back-to-back business model underpinned by a significant asset base. The 2021/2026 bond (ISIN: DE000A3KRAP3) and the 2017/2022 bond (ISIN: DE000A19MDV0) are traded on the Open Market of Deutsche Börse AG ("Freiverkehr" of the Frankfurt Stock Exchange), while the 2017/2022 bond (ISIN: NO0010795701) is traded on the Oslo Stock Exchange.

For further information:

Better Orange IR & HV AG

Frank Ostermair, Linh Chung

+49 89 8896906-25

[email protected]

20.01.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

1270951 20.01.2022