Timminco Limited

Timminco Limited

May 13, 2008 13:27 ET

Timminco Schedules Conference Call to Discuss Operational Review Report by PHOTON Consulting on May 14

Conference call also to be webcast at www.timminco.com

TORONTO, ONTARIO--(Marketwire - May 13, 2008) - Timminco Limited ("Timminco") (TSX:TIM) announced today it will host a conference call on Wednesday, May 14, 2008 at 4:30 pm ET to discuss the highlights of the operational review report completed by a team from PHOTON Consulting on Becancour Silicon Inc, Timminco's solar grade silicon business.

Michael Rogol, Managing Director of PHOTON Consulting will make a presentation and answer questions relating to the solar industry and BSI's position in the industry.

Mr. Rogol is a leading expert on solar energy and focuses on emerging trends in the sector. His recent work includes detailed reports on solar power based on a global review of several hundred solar power companies. Mr. Rogol's research on silicon use in the solar power sector has been included in numerous reports (e.g., Sun Screen, Sun Screen II, Solar Annual 2006, Solar Annual 2007, True Cost of Solar Power), at numerous conferences, (e.g., PHOTON's Solar Silicon Conferences) and in the "Silicon Space" column of PHOTON International magazine. Mr. Rogol's background in the energy sector includes more than a decade of experience working with large energy players while at McKinsey & Co, Cambridge Energy Research Associates, Washington Policy & Analysis and MIT's Laboratory for Energy & Environment. Mr. Rogol holds a BS in Engineering Systems from MIT, an MBA from MIT, a BS in Foreign Service from Georgetown University and was a Henry Luce East Asian Scholar in Korea.

Martin Meyers of PHOTON Consulting, will also participate. Mr. Meyers has nearly 30 years experience in the energy industry, including 18 years with Royal Dutch/Shell and nearly a decade at Cambridge Energy Research Associates (CERA), where he was a Director of Research. His experience includes plant design, operations, technical support and optimization. Martin holds an MBA from Concordia University and a B.A.Sc. (Chemical Engineering) from Queen's University in Kingston, Ontario.

To access the conference call by telephone, dial 416-644-3433 or 1-800-814-4890. Please connect approximately 15 minutes prior to the beginning of the call to ensure participation. The conference call will be archived for replay until Wednesday, May 21, 2008 at midnight. To access the archived conference call, dial 416-640-1917 or 1-877-289-8525 and enter the reservation number 21271874#

A live audio webcast of the conference call will be also 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.


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.


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". 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; the cost of solar grade silicon 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.

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