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Technology Stocks : KEMET Corp.
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To: techtonicbull who started this subject6/18/2003 12:14:47 AM
From: Henrik  Read Replies (1) of 906
 
Tantalum contracts to generate up to $123m revenue
13:42, Wednesday, 18 June 2003

Sydney - Wednesday - June 18: (RWE) - Tantalum Australia NL has
been awarded long-term contracts that will generate revenue of $56
million with the potential to reach $123 million.
Tantalum says the margins it will achieve in these contracts can
be regarded as normal and commercial for trading in such commodities.
A sales contract for the supply of tantalum materials has been
signed that incorporates a conditional agreement for the supply of
niobium products (a by-product of the tantalum business) that is
awaiting formal product qualification.
The sales contract is linked to supply agreements Tantalum has
entered with a European metal refining group, for the supply to Tantalum
of tantalum and niobium products and the supply by Tantalum to it, of
tantalum (Ta2O5)/niobium (Nb2O5) concentrates.
The tantalum material contracts will generate sales revenue of
about $56 million.
The contract includes the supply of tantalum and niobium raw
material concentrates by Tantalum.
Sales revenue of the potential niobium product contract is about
$22 million.
Minimum revenue over three years is expected to be $78 million
with indications that expansions to the volumes anticipated in years two
and three could increase the revenue to about $123 million.
This estimate excludes the favourable price adjustments that are
anticipated to take place in years two and three with recovery in the
world economy.
Tantalum Australia rose 0.9c to 7.5c and touched 8c.
===========================================================

Kemet Tantalum P/L Maintains 10% Equity Holding in TAA

TANTALUM AUSTRALIA NL 2003-06-11 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
KEMET has exercised its right to maintain its equity investment in
TANL at 10%.

TANL made a placement of shares to professional investors on 1 May
2003 that increased the issued capital of TANL. Pursuant to a Stock
Purchase Agreement dated 6 February 2002 between TANL and KEMET that
contains an anti-dilution clause, KEMET has the right to apply for
shares to maintain its equity investment at 10%. Shareholders of TANL
approved the inclusion of the anti-dilution clause at a general
meeting held on 9 April 2001.

Kemet Tantalum Pty Ltd is a wholly owned subsidiary of KEMET
Corporation. KEMET Corporation is the world's largest manufacturer of
solid tantalum capacitors.

P Farrah
COMPANY SECRETARY
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