Metalcorp Group experiences further growth in the second quarter and redeemed outstanding June 2022 bonds (ISIN NO0010795701)

Metalcorp Group experiences further growth in the second quarter and redeemed outstanding June 2022 bonds (ISIN NO0010795701)

Luxembourg, 7 June 2022 – Metalcorp Group S.A., a subsidiary of Monaco Resources Group S.A.M. and a global service provider for the procurement, production, mining and marketing of metals and minerals, continues to perform strongly since reporting a record Q1 2022. Volumes are further increasing across the business divisions, with full year 2022 revenues on track to exceed EUR 1.2 billion.

Highlights year-to-date 2022:

• For the Metals and Concentrates division, copper volumes are up 25% year on year, Q2 platinum group metals’ volumes are set to increase c 80% in Q2 vs Q1, and ferrochrome volumes are up c 50% in Q2 vs Q1.
• Bulk and Ferrous raw material sales to primary steel producers continue to increase in Q2, with volumes 70% higher than budget. An additional major new European blue-chip engineering client was secured during Q2.
• Full capacity utilization at both recycling aluminium plants with further expansion planned at Stockach to increase production by 50,000 tonnes per year.

Metalcorp Group’s Co-CEO Carlos Leite said: “Metalcorp is also benefiting from volumes ramping up in the new business activities that we recently launched. We are seeing further volume growth associated with the procurement of raw materials and marketing of the Italiana Coke’s end products to the ferrous industry, and volumes are increasing significantly in our platinum group metals business, underpinned by the alternative energy market, and also driven by industrial consumers no longer procuring products from Russia.”

The Group intends to invest further to take advantage of the growth in demand for aluminium and steel products from recycled scrap metal.

On 6 June 2022, the bond listed until then on the Oslo stock exchange with ISIN NO0010795701 was redeemed.

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).

Metalcorp Group S.A. is a subsidiary of Monaco Resources Group S.A.M

For further information:
Frank Ostermair, Linh Chung
Better Orange IR & HV AG
+49 89 8896906-25
metalcorp@better-orange.de

Anouar Belli
Metalcorp Group S.A.
+352 2799 0145 55
abelli@metalcorpgroup.com