Timminco Announces Schedule for Second Quarter 2008 Earnings Release
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TORONTO, ONTARIO, Aug 05 (MARKET WIRE) --
Timminco Limited ("Timminco")(TSX: TIM) announced today it will host a
conference call on Monday, August 11, 2008 at 5:00 pm ET to discuss its
financial results for the second quarter ended June 30, 2008. Timminco
will report its second quarter financial results via news release on
Monday, August 11, at approximately 4:30 pm ET.
To access the conference call by telephone, dial 416-644-3418 or
1-800-732-1073. Please connect approximately 15 minutes prior to the
beginning of the call to ensure participation. The conference call will
be archived for replay until Monday, August 18, 2008 at midnight. To
access the archived conference call, dial 416-640-1917 or 1-877-289-8525
and enter the reservation number 21278781#.
A live audio webcast of the conference call will also be available at
www.timminco.com. Please connect at least 15 minutes prior to the
conference call to ensure adequate time for any software download that
may be required to join the webcast. The webcast will be available for
replay at www.timminco.com following the live presentation.
ABOUT TIMMINCO
Timminco is a leader in the production and marketing of lightweight
metals, specializing in solar grade silicon for the rapidly growing solar
photovoltaic energy industry. Using its proprietary technology, Timminco
processes metallurgical grade silicon into low cost solar grade silicon
for use in the manufacture of solar cells. Timminco also produces silicon
metal, specialty ferrosilicon and alloy magnesium for use in a broad
range of industrial applications serving the aluminum, chemical,
pharmaceutical, electronics and automotive industries.
CAUTIONARY NOTE ON FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information", as such term is
defined in applicable Canadian securities legislation, concerning
Timminco's future financial or operating performance and other statements
that express management's expectations or estimates of future
developments, circumstances or results. Generally, forward-looking
information can be identified by the use of forward-looking terminology
such as "expects", "believes", "anticipates", "budget", "scheduled",
"estimates", "forecasts", "intends", "plans" and variations of such words
and phrases, or by statements that certain actions, events or results
"may", "will", "could", "would" or "might" "be taken", "occur" or "be
achieved". In this news release, such information includes statements
regarding the timing for release of financial information.
Forward-looking information is based on a number of assumptions and
estimates that, while considered reasonable by management based on the
business and markets in which Timminco operates, are inherently subject
to significant operational, economic and competitive uncertainties and
contingencies. Timminco cautions that forward-looking information
involves known and unknown risks, uncertainties and other factors that
may cause Timminco's actual results, performance or achievements to be
materially different from those expressed or implied by such information,
including, but not limited to, limited history with the solar grade
silicon business; expansion of the solar grade silicon business
generally; production capacity expansion at the Becancour facilities;
protection of intellectual property rights; increasing and maintaining
the purity of solar grade silicon; long-term contracts for supplying
solar grade silicon; selling prices for solar grade silicon; price
volatility for silicon metal; pricing and availability of raw materials
for the silicon businesses; dependence upon power supply for silicon
metal production; price volatility for magnesium metal; magnesium supply
chain interruptions; dependence upon key customers of magnesium extruded
products; manufacturing cost reduction initiatives; financing
requirements for capital expenditures; limitations under existing credit
facilities; foreign currency exchange; dependence upon key executives and
employees; customer concentration; completion and integration of
potential acquisitions, partnerships or joint ventures; risks with
foreign operations and suppliers; environmental, health and safety laws
and liabilities; equipment failures; transportation disruptions;
conflicts of interest; intellectual property infringement claims; new
regulatory requirements; labour disputes; and changes in tax laws. These
factors are discussed in greater detail in Timminco's Annual Information
Form for the year ended December 31, 2007, which is available via the
SEDAR website at www.sedar.com.
Although Timminco has attempted to identify important factors that could
cause actual results, performance or achievements to differ materially
from those contained in forward-looking information, there can be other
factors that cause results, performance or achievements not to be as
anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate or that management's expectations
or estimates of future developments, circumstances or results will
materialize. Accordingly, readers should not place undue reliance on
forward-looking information. The forward-looking information in this news
release is made as of the date of this news release and Timminco
disclaims any intention or obligation to update or revise such
information, except as required by applicable law.
Sedar File Profile #00000838
Contacts:
Timminco Limited
Robert Dietrich
Executive Vice President - Finance and CFO
(416) 364-5171
(416) 364-3451 (FAX)
Email: rdietrich@timminco.com
The Equicom Group
Lawrence Chamberlain
(416) 815-0700
(416) 815-0080 (FAX)
Email: lchamberlain@equicomgroup.com
Copyright 2008, Market Wire, All rights reserved.
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