This document provides an overview of MMX Mineração e Metálicos S.A. in July 2009. It summarizes MMX's iron ore mining projects in Brazil including the Corumbá System, MMX Sudeste System, and expansion plans to increase production capacity. It also discusses MMX's iron ore assets in Chile and recent events including a memorandum of understanding with Wuhan Steel and the sale of MMX's pig iron plant in Corumbá. The financial results overview shows that MMX is working to improve its cash position through the issuance of debentures.
The document is a presentation from August 2009 by MMX Mineração e Metálicos S.A. about the company and its projects. MMX is focused on iron ore mining and metals production. It has the MMX Corumbá and MMX Sudeste Systems in operation and under expansion plans. MMX also has mining rights in Chile. The presentation provides details on production capacities, expansion plans, logistics and sales agreements for MMX's projects. It also discusses recent events including a MoU with Wuhan Steel and an agreement to sell MMX's pig iron plant in Corumbá.
The document is a June 2009 presentation from MMX Mineração e Metálicos S.A. It discusses MMX's status as the only independent Brazilian junior mining company focused on mining and metals production and organic growth. It summarizes MMX's accomplishments since its 2006 IPO, including implementing mining and logistics systems, strategic partnerships, and expanding into Chile. It also describes a recent non-binding MoU among MMX, LLX, and Chinese steel producer Wuhan Iron and Steel Corporation regarding potential opportunities for collaboration.
Bloomberg
VWAP = Volume Weighted Average Price
The chart shows MMX's share price performance from January 2009 to August 2009 in Brazilian Reais (R$) per share. It also shows the daily traded volume in R$ millions. The current share price as of September 8, 2009 is R$9.78, with the 20, 45 and 60 day volume weighted average prices being lower at R$8.59, R$8.15 and R$7.93 respectively. Daily traded volumes have varied between approximately R$20-120 million over this period.
The document provides an overview of MMX's iron ore projects in Brazil and Chile. It summarizes that MMX has unique iron ore assets including the Serra Azul unit in Brazil with over 1 billion tons of reserves and expansion potential. It also discusses MMX's integrated logistics network, including the Sudeste Superport which is being expanded to handle 50 Mtpy and has long-term off-take contracts with key shareholders Wisco and SK. The Chile project and Bom Sucesso unit in Brazil are also mentioned as projects that will supply high quality iron ore to international markets.
Western Copper and Gold holds significant gold, copper and molybdenum resources and reserves in its Casino Project located in the Yukon Territory, Canada. Casino contains 8.4 million ounces of gold, 4.4 billion pounds of copper, 494 million pounds of molybdenum and 61 million ounces of silver in proven & probable reserves.
MMX Corporate Presentation - September 2011mmxriweb
MMX is developing iron ore projects in Brazil and Chile to create new supply options for the global seaborne iron ore market. Their integrated projects include mines, railroads, and ports that will allow them to competitively supply high quality iron ore. Over 60% of future production is already committed through long term contracts. MMX has extensive iron ore resources, competitive production costs, and an experienced management team to execute their expansion plans.
Evraz presented its investor presentation for June 2010. Some key points include:
- Evraz is a leading global steel and mining company with operations across Russia, Europe, North America and Asia.
- In the first quarter of 2010, Evraz saw increases in revenue, EBITDA, sales volumes and production compared to the prior year period.
- Evraz maintains a strong balance sheet with manageable debt maturity profile and adequate cash balances. The company focuses on cost leadership through vertical integration and efficiency.
Elena V. KUZNETSOVA
Sergey A. KUZNETSOV Alexander V. KUZNETSOV
Managing Director, Managing Director,
OTKRITIE Bank. OTKRITIE Brokerage House.
Alexander V. KUZNETSOV Alexander V. KUZNETSOV
Managing Director, Managing Director,
OTKRITIE Securities. OTKRITIE Debt Center.
Alexander V. KUZNETSOV Alexander V. KUZNETSOV
Managing Director, Managing Director,
OTKRITIE Global Markets. OTKRITIE
The document is a presentation from August 2009 by MMX Mineração e Metálicos S.A. about the company and its projects. MMX is focused on iron ore mining and metals production. It has the MMX Corumbá and MMX Sudeste Systems in operation and under expansion plans. MMX also has mining rights in Chile. The presentation provides details on production capacities, expansion plans, logistics and sales agreements for MMX's projects. It also discusses recent events including a MoU with Wuhan Steel and an agreement to sell MMX's pig iron plant in Corumbá.
The document is a June 2009 presentation from MMX Mineração e Metálicos S.A. It discusses MMX's status as the only independent Brazilian junior mining company focused on mining and metals production and organic growth. It summarizes MMX's accomplishments since its 2006 IPO, including implementing mining and logistics systems, strategic partnerships, and expanding into Chile. It also describes a recent non-binding MoU among MMX, LLX, and Chinese steel producer Wuhan Iron and Steel Corporation regarding potential opportunities for collaboration.
Bloomberg
VWAP = Volume Weighted Average Price
The chart shows MMX's share price performance from January 2009 to August 2009 in Brazilian Reais (R$) per share. It also shows the daily traded volume in R$ millions. The current share price as of September 8, 2009 is R$9.78, with the 20, 45 and 60 day volume weighted average prices being lower at R$8.59, R$8.15 and R$7.93 respectively. Daily traded volumes have varied between approximately R$20-120 million over this period.
The document provides an overview of MMX's iron ore projects in Brazil and Chile. It summarizes that MMX has unique iron ore assets including the Serra Azul unit in Brazil with over 1 billion tons of reserves and expansion potential. It also discusses MMX's integrated logistics network, including the Sudeste Superport which is being expanded to handle 50 Mtpy and has long-term off-take contracts with key shareholders Wisco and SK. The Chile project and Bom Sucesso unit in Brazil are also mentioned as projects that will supply high quality iron ore to international markets.
Western Copper and Gold holds significant gold, copper and molybdenum resources and reserves in its Casino Project located in the Yukon Territory, Canada. Casino contains 8.4 million ounces of gold, 4.4 billion pounds of copper, 494 million pounds of molybdenum and 61 million ounces of silver in proven & probable reserves.
MMX Corporate Presentation - September 2011mmxriweb
MMX is developing iron ore projects in Brazil and Chile to create new supply options for the global seaborne iron ore market. Their integrated projects include mines, railroads, and ports that will allow them to competitively supply high quality iron ore. Over 60% of future production is already committed through long term contracts. MMX has extensive iron ore resources, competitive production costs, and an experienced management team to execute their expansion plans.
Evraz presented its investor presentation for June 2010. Some key points include:
- Evraz is a leading global steel and mining company with operations across Russia, Europe, North America and Asia.
- In the first quarter of 2010, Evraz saw increases in revenue, EBITDA, sales volumes and production compared to the prior year period.
- Evraz maintains a strong balance sheet with manageable debt maturity profile and adequate cash balances. The company focuses on cost leadership through vertical integration and efficiency.
Elena V. KUZNETSOVA
Sergey A. KUZNETSOV Alexander V. KUZNETSOV
Managing Director, Managing Director,
OTKRITIE Bank. OTKRITIE Brokerage House.
Alexander V. KUZNETSOV Alexander V. KUZNETSOV
Managing Director, Managing Director,
OTKRITIE Securities. OTKRITIE Debt Center.
Alexander V. KUZNETSOV Alexander V. KUZNETSOV
Managing Director, Managing Director,
OTKRITIE Global Markets. OTKRITIE
MMX aims to create choices in seaborne iron ore supply by expanding its production capacity beyond 50 million tonnes per year in Brazil and Chile. It owns integrated infrastructure including the Sudeste Superport, which provides access to global markets. MMX has a unique location, proven track record, and strong controlling shareholders to leverage its mineral resources of over 3 billion tonnes into value creation.
This document discusses North American Palladium as a diversified precious metals producer with its core asset being the Lac des Iles palladium mine in Canada. It notes that palladium supply is constrained by major producers in Russia and South Africa and that demand is growing, driven primarily by the automobile sector. The presentation outlines NAP's investment case as a growth-oriented palladium producer with a pipeline of projects and exploration upside, an experienced management team, and a strong balance sheet.
The investor presentation provides an overview of Evraz Group, a leading global steel and mining company. Some key points include:
- Evraz is the 14th largest steel producer globally with operations in Russia, Ukraine, Europe and North America.
- In the first quarter of 2010, Evraz saw a 23% increase in revenue and 39% increase in adjusted EBITDA compared to the same period last year.
- Evraz maintains a leadership position in construction steel and railway markets in Russia and the CIS while also having a strong international presence in plate and tubular products.
- The company focuses on maintaining its low-cost position through vertical integration and ongoing efficiency programs.
In 2 sentences or
This document discusses North American Palladium's Lac des Iles palladium mine. It notes that LDI is transitioning to long-life, low-cost operations by expanding underground mining via shaft. Production is expected to significantly increase to over 250,000 ounces per year once shaft mining reaches 5,500 tonnes per day by 2015. The mine expansion is on track and has a low execution risk due to the company's experience at LDI and existing infrastructure.
This document provides an overview of MMX Mineração e Metálicos S.A.'s iron ore supply projects in Brazil and Chile. It discusses MMX's Serra Azul iron ore mine expansion project in Brazil, which aims to produce 24 million tonnes per year of high-quality iron ore. It also details MMX's Sudeste Superport facility for exporting iron ore, with 50 million tonnes per year capacity expandable to 100 million tonnes. In addition, it mentions MMX's Bom Sucesso and Chile iron ore projects, which have the potential to supply 10 million tonnes per year each.
The document discusses the Rosemont copper mine project located in Arizona. Key points include:
- Rosemont has proven and probable reserves of over 546 million tons containing 0.45% copper.
- Measured and indicated resources total over 665 million tons containing over 5.2 billion pounds of copper.
- The mine is expected to produce over 220 million pounds of copper annually over a mine life of over 21 years.
- With an after-tax NPV of $3.3 billion and low costs of $0.62 per pound of copper, Rosemont is expected to be a very profitable project for Augusta Resource Corporation.
This document discusses North American Palladium's Lac des Iles palladium mine. It provides the following key points:
1) Lac des Iles is one of only two primary palladium mines in the world and is transitioning to a long-life, low-cost operation through a mine expansion project involving sinking a shaft.
2) Production is expected to increase to 145,000-155,000 ounces of palladium in 2011 and exceed 250,000 ounces annually once mining reaches 5,500 tonnes per day from the shaft in 2015.
3) Cash costs are forecast to decline significantly once shaft mining is established, improving the already strong investment case for North American Palladium as a growth-oriented
This document discusses North American Palladium as an investment opportunity. It presents NAP as a growth-oriented precious metals producer with its main operations being the Lac des Iles palladium mine in Canada, which is one of only two primary palladium mines in the world. It also has a gold division. The document notes NAP has a robust pipeline of projects, experienced management, and a strong balance sheet with no long-term debt to fund growth. It then discusses the investment case for palladium, noting constrained mine supply and increasing demand driven by automotive and electronics use.
First Quantum Minerals is a growing mining company that produces copper and gold. It has a solid base of existing mining operations in Zambia and Mauritania. The company has a robust pipeline of projects to significantly expand its copper production, including developing nickel mines in Australia and Finland. First Quantum also has exploration projects and is investing billions over the next few years to triple its copper output and become a major nickel producer. This growth from new projects and expansion will position the company for continued strength.
Aban Offshore is an Indian offshore drilling contractor with a fleet of 21 rigs. Recent contract renewals have increased the company's utilization rate to 75%. While lower oil prices pose short-term challenges, long-term demand for offshore drilling is expected to remain strong. The company trades at a discount to its peers due to high debt levels, but new contracts will improve cash flows and debt serviceability.
The containership market in 2007 experienced rapid growth early in the year as demand increased, filling all new ships. However, later in 2007 the subprime mortgage crisis dampened US imports and created economic uncertainty worldwide. As a result, competition for large new ships intensified. Several carriers launched huge newbuilding programs focused on 12,500 TEU ships for the Asia-Europe trade. Rising fuel costs led carriers to reduce ship speeds to cut costs and emissions, setting the stage for competition to shift to marketing and logistics.
MMX is a Brazilian mining company with iron ore assets in Minas Gerais and Mato Grosso do Sul states, currently producing around 8 million tonnes per year with plans to expand to 40 million tonnes through projects like the Serra Azul mine expansion and the Sudeste Superport facility. MMX has secured long-term offtake agreements for over 60% of its future production through contracts with Chinese and South Korean customers.
MMX is a Brazilian iron ore mining company with operating mines in Minas Gerais and Mato Grosso do Sul states, as well as the Sudeste Superport export facility. They have long-term supply contracts in place for over 60% of production and are expanding operations with the goal of reaching 40 million metric tons per year of iron ore production. The document provides an overview of MMX's assets and projects, operating results, and strategic partnerships.
MMX is a Brazilian iron ore mining company that is developing integrated iron ore supply systems in Brazil and Chile to supply the global seaborne market. The company's key assets include the Serra Azul mine and expansion project in Brazil, the Sudeste Superport, and iron ore exploration properties in Chile. MMX aims to have an annual production capacity of over 50 million metric tons per year through these assets and long-term supply contracts with major customers like China and South Korea.
- MMX reported positive EBITDA for the 5th consecutive quarter in 3Q11, though EBITDA declined 18% YoY to R$61.2 million due to higher costs. Sales volumes increased 2% QoQ to 2.1 million tons while gross revenues fell 8% to R$287.9 million.
- MMX completed its acquisition of 99.1% of PortX, the developer of the Sudeste Superport project, for R$238.8 million cash and shares. Construction of the port facilities is ongoing with the tunnel and rail loop scheduled for completion in 1H12. Total project CAPEX is estimated at R$1.276 billion through 2013.
MMX is a Brazilian mining company that operates iron ore mines in Brazil with current annual production capacity of 8 million tonnes, and plans to expand to around 40 million tonnes through developing its integrated mining systems including the Sudeste Superport, which has secured long-term offtake agreements with Chinese and South Korean partners for 64% of future production.
This document provides an overview of MMX's iron ore supply business in Brazil. In 3 sentences: MMX operates iron ore mines in Brazil and owns a port facility that can export up to 50 million metric tons per year of iron ore, expandable to 100 million metric tons, to customers in China and South Korea under long-term supply contracts; the port is integrated with MMX's mines by a railway and has begun construction to increase production capacity and export more iron ore internationally; the expansion aims to leverage MMX's large iron ore resources, logistics infrastructure, and customer relationships to become a major global supplier of seaborne iron ore.
MMX is a Brazilian mining company that produces and exports iron ore. It has two operating mining systems, Serra Azul and Corumbá, with a current combined capacity of 10.8 million tonnes per year. MMX is expanding its operations, most notably at its Serra Azul mine, where it is developing infrastructure including a new beneficiation plant, railway connections, and water pipelines to increase production to 29 million tonnes annually. A key part of its expansion is the Sudeste Superport, a new private port in Itaguaí, Rio de Janeiro that will have an initial capacity of 50 million tonnes per year and potential to expand to 100 million tonnes. MMX has secured long-
MMX is a Brazilian mining company with high quality iron ore assets in traditional mining districts. It currently has an operating capacity of 8 Mtpy through its Serra Azul and Corumbá systems. MMX is expanding its fully integrated Serra Azul system to reach around 29 Mtpy through a new beneficiation plant and leveraging existing infrastructure like its Sudeste Superport private port and railway connections. 64% of MMX's future production is already committed through long-term contracts with strategic consumers in China and South Korea.
This document summarizes MMX Mineração e Metálicos S.A.'s 2Q13 results. It reported a production of 1.8 million tons in 2Q13, up 17% quarter-over-quarter. Net revenues were R$284.5 million, up 20% over the previous quarter. The company renewed mining rights leases extending their validity to 2034 and received supplementary financing of R$935 million for its Sudeste Superport project. Photos of the Sudeste Superport project show its road and railway access, stockyard elevations, tunnels, substation, pier and other infrastructure.
The document provides an overview of MMX Mineração e Metálicos S.A., a Brazilian mining company focused on iron ore production, and outlines some of its recent accomplishments since going public in 2006 including developing new mining systems and securing logistics agreements, as well as its potential opportunities through a recent memorandum of understanding with Chinese steel producer Wuhan Iron and Steel Corporation. MMX aims to increase its production capacity through organic growth and new opportunities in Brazil and Chile.
MMX is a Brazilian mining company focused on iron ore production. It operates the Corumbá and Sudeste Systems. The Corumbá System resumed operations in May 2009 after being suspended. The Sudeste System has an aggressive expansion plan to reach 33.7 Mtpy of annual production capacity by 2013 through its Serra Azul and Bom Sucesso mines. MMX also has iron ore assets in Chile through its subsidiary Minera MMX de Chile.
MMX aims to create choices in seaborne iron ore supply by expanding its production capacity beyond 50 million tonnes per year in Brazil and Chile. It owns integrated infrastructure including the Sudeste Superport, which provides access to global markets. MMX has a unique location, proven track record, and strong controlling shareholders to leverage its mineral resources of over 3 billion tonnes into value creation.
This document discusses North American Palladium as a diversified precious metals producer with its core asset being the Lac des Iles palladium mine in Canada. It notes that palladium supply is constrained by major producers in Russia and South Africa and that demand is growing, driven primarily by the automobile sector. The presentation outlines NAP's investment case as a growth-oriented palladium producer with a pipeline of projects and exploration upside, an experienced management team, and a strong balance sheet.
The investor presentation provides an overview of Evraz Group, a leading global steel and mining company. Some key points include:
- Evraz is the 14th largest steel producer globally with operations in Russia, Ukraine, Europe and North America.
- In the first quarter of 2010, Evraz saw a 23% increase in revenue and 39% increase in adjusted EBITDA compared to the same period last year.
- Evraz maintains a leadership position in construction steel and railway markets in Russia and the CIS while also having a strong international presence in plate and tubular products.
- The company focuses on maintaining its low-cost position through vertical integration and ongoing efficiency programs.
In 2 sentences or
This document discusses North American Palladium's Lac des Iles palladium mine. It notes that LDI is transitioning to long-life, low-cost operations by expanding underground mining via shaft. Production is expected to significantly increase to over 250,000 ounces per year once shaft mining reaches 5,500 tonnes per day by 2015. The mine expansion is on track and has a low execution risk due to the company's experience at LDI and existing infrastructure.
This document provides an overview of MMX Mineração e Metálicos S.A.'s iron ore supply projects in Brazil and Chile. It discusses MMX's Serra Azul iron ore mine expansion project in Brazil, which aims to produce 24 million tonnes per year of high-quality iron ore. It also details MMX's Sudeste Superport facility for exporting iron ore, with 50 million tonnes per year capacity expandable to 100 million tonnes. In addition, it mentions MMX's Bom Sucesso and Chile iron ore projects, which have the potential to supply 10 million tonnes per year each.
The document discusses the Rosemont copper mine project located in Arizona. Key points include:
- Rosemont has proven and probable reserves of over 546 million tons containing 0.45% copper.
- Measured and indicated resources total over 665 million tons containing over 5.2 billion pounds of copper.
- The mine is expected to produce over 220 million pounds of copper annually over a mine life of over 21 years.
- With an after-tax NPV of $3.3 billion and low costs of $0.62 per pound of copper, Rosemont is expected to be a very profitable project for Augusta Resource Corporation.
This document discusses North American Palladium's Lac des Iles palladium mine. It provides the following key points:
1) Lac des Iles is one of only two primary palladium mines in the world and is transitioning to a long-life, low-cost operation through a mine expansion project involving sinking a shaft.
2) Production is expected to increase to 145,000-155,000 ounces of palladium in 2011 and exceed 250,000 ounces annually once mining reaches 5,500 tonnes per day from the shaft in 2015.
3) Cash costs are forecast to decline significantly once shaft mining is established, improving the already strong investment case for North American Palladium as a growth-oriented
This document discusses North American Palladium as an investment opportunity. It presents NAP as a growth-oriented precious metals producer with its main operations being the Lac des Iles palladium mine in Canada, which is one of only two primary palladium mines in the world. It also has a gold division. The document notes NAP has a robust pipeline of projects, experienced management, and a strong balance sheet with no long-term debt to fund growth. It then discusses the investment case for palladium, noting constrained mine supply and increasing demand driven by automotive and electronics use.
First Quantum Minerals is a growing mining company that produces copper and gold. It has a solid base of existing mining operations in Zambia and Mauritania. The company has a robust pipeline of projects to significantly expand its copper production, including developing nickel mines in Australia and Finland. First Quantum also has exploration projects and is investing billions over the next few years to triple its copper output and become a major nickel producer. This growth from new projects and expansion will position the company for continued strength.
Aban Offshore is an Indian offshore drilling contractor with a fleet of 21 rigs. Recent contract renewals have increased the company's utilization rate to 75%. While lower oil prices pose short-term challenges, long-term demand for offshore drilling is expected to remain strong. The company trades at a discount to its peers due to high debt levels, but new contracts will improve cash flows and debt serviceability.
The containership market in 2007 experienced rapid growth early in the year as demand increased, filling all new ships. However, later in 2007 the subprime mortgage crisis dampened US imports and created economic uncertainty worldwide. As a result, competition for large new ships intensified. Several carriers launched huge newbuilding programs focused on 12,500 TEU ships for the Asia-Europe trade. Rising fuel costs led carriers to reduce ship speeds to cut costs and emissions, setting the stage for competition to shift to marketing and logistics.
MMX is a Brazilian mining company with iron ore assets in Minas Gerais and Mato Grosso do Sul states, currently producing around 8 million tonnes per year with plans to expand to 40 million tonnes through projects like the Serra Azul mine expansion and the Sudeste Superport facility. MMX has secured long-term offtake agreements for over 60% of its future production through contracts with Chinese and South Korean customers.
MMX is a Brazilian iron ore mining company with operating mines in Minas Gerais and Mato Grosso do Sul states, as well as the Sudeste Superport export facility. They have long-term supply contracts in place for over 60% of production and are expanding operations with the goal of reaching 40 million metric tons per year of iron ore production. The document provides an overview of MMX's assets and projects, operating results, and strategic partnerships.
MMX is a Brazilian iron ore mining company that is developing integrated iron ore supply systems in Brazil and Chile to supply the global seaborne market. The company's key assets include the Serra Azul mine and expansion project in Brazil, the Sudeste Superport, and iron ore exploration properties in Chile. MMX aims to have an annual production capacity of over 50 million metric tons per year through these assets and long-term supply contracts with major customers like China and South Korea.
- MMX reported positive EBITDA for the 5th consecutive quarter in 3Q11, though EBITDA declined 18% YoY to R$61.2 million due to higher costs. Sales volumes increased 2% QoQ to 2.1 million tons while gross revenues fell 8% to R$287.9 million.
- MMX completed its acquisition of 99.1% of PortX, the developer of the Sudeste Superport project, for R$238.8 million cash and shares. Construction of the port facilities is ongoing with the tunnel and rail loop scheduled for completion in 1H12. Total project CAPEX is estimated at R$1.276 billion through 2013.
MMX is a Brazilian mining company that operates iron ore mines in Brazil with current annual production capacity of 8 million tonnes, and plans to expand to around 40 million tonnes through developing its integrated mining systems including the Sudeste Superport, which has secured long-term offtake agreements with Chinese and South Korean partners for 64% of future production.
This document provides an overview of MMX's iron ore supply business in Brazil. In 3 sentences: MMX operates iron ore mines in Brazil and owns a port facility that can export up to 50 million metric tons per year of iron ore, expandable to 100 million metric tons, to customers in China and South Korea under long-term supply contracts; the port is integrated with MMX's mines by a railway and has begun construction to increase production capacity and export more iron ore internationally; the expansion aims to leverage MMX's large iron ore resources, logistics infrastructure, and customer relationships to become a major global supplier of seaborne iron ore.
MMX is a Brazilian mining company that produces and exports iron ore. It has two operating mining systems, Serra Azul and Corumbá, with a current combined capacity of 10.8 million tonnes per year. MMX is expanding its operations, most notably at its Serra Azul mine, where it is developing infrastructure including a new beneficiation plant, railway connections, and water pipelines to increase production to 29 million tonnes annually. A key part of its expansion is the Sudeste Superport, a new private port in Itaguaí, Rio de Janeiro that will have an initial capacity of 50 million tonnes per year and potential to expand to 100 million tonnes. MMX has secured long-
MMX is a Brazilian mining company with high quality iron ore assets in traditional mining districts. It currently has an operating capacity of 8 Mtpy through its Serra Azul and Corumbá systems. MMX is expanding its fully integrated Serra Azul system to reach around 29 Mtpy through a new beneficiation plant and leveraging existing infrastructure like its Sudeste Superport private port and railway connections. 64% of MMX's future production is already committed through long-term contracts with strategic consumers in China and South Korea.
This document summarizes MMX Mineração e Metálicos S.A.'s 2Q13 results. It reported a production of 1.8 million tons in 2Q13, up 17% quarter-over-quarter. Net revenues were R$284.5 million, up 20% over the previous quarter. The company renewed mining rights leases extending their validity to 2034 and received supplementary financing of R$935 million for its Sudeste Superport project. Photos of the Sudeste Superport project show its road and railway access, stockyard elevations, tunnels, substation, pier and other infrastructure.
The document provides an overview of MMX Mineração e Metálicos S.A., a Brazilian mining company focused on iron ore production, and outlines some of its recent accomplishments since going public in 2006 including developing new mining systems and securing logistics agreements, as well as its potential opportunities through a recent memorandum of understanding with Chinese steel producer Wuhan Iron and Steel Corporation. MMX aims to increase its production capacity through organic growth and new opportunities in Brazil and Chile.
MMX is a Brazilian mining company focused on iron ore production. It operates the Corumbá and Sudeste Systems. The Corumbá System resumed operations in May 2009 after being suspended. The Sudeste System has an aggressive expansion plan to reach 33.7 Mtpy of annual production capacity by 2013 through its Serra Azul and Bom Sucesso mines. MMX also has iron ore assets in Chile through its subsidiary Minera MMX de Chile.
Corporate presentation follow up – january 2009mmxriweb
This document provides an overview and disclaimer for MMX Mineração e Metálicos S.A. In 3 sentences:
MMX is a Brazilian mining and metals company focused on iron ore production. It operates the Corumbá System in Brazil and owns assets in the Sudeste System including Serra Azul and Bom Sucesso, as well as assets in Chile through Minera MMX de Chile. The document cautions that statements in the presentation relating to projections and plans constitute forward-looking statements and are subject to risks and uncertainties that could cause actual results to differ materially.
The document is a presentation from October 2009 about MMX Mineração e Metálicos S.A. It discusses MMX's iron ore assets in Brazil including the Corumbá System and Sudeste System. It also mentions MMX's acquisition of mining rights in Chile. The presentation provides an overview of MMX's resources, production capacity, expansion plans, sales and logistics networks. A Memorandum of Understanding is also discussed between MMX, LLX and Wuhan Steel regarding a potential partnership.
The document summarizes the proposed transaction between MMX and SK Networks. Key points include:
- SK Networks will invest up to $2.2 billion in MMX through a capital increase in exchange for shares and rights to iron ore offtake.
- MMX will acquire Sudeste Superport, valued at $2.2 billion, through a combination of shares, cash, and royalties.
- SK Networks will receive 50% of production from MMX Chile mines and a percentage of MMX Sudeste production, securing them long-term supply.
The transaction aims to accelerate MMX's consolidation strategy and secure logistics and offtake for both companies.
The document discusses a potential deal between MMX and SK Networks. Key details include:
- SK Networks would invest up to $2.2 billion in MMX through a capital increase at $13.963 per share.
- MMX would acquire Sudeste Superport, valued at $2.3 billion, paid in MMX shares or cash and royalties.
- MMX and SK Networks would enter a long-term iron ore off-take agreement where SK Networks would receive 50% of MMX Chile production and a percentage of MMX Sudeste production based on their ownership stake in MMX.
MMX is a Brazilian mining company that aims to create choices in seaborne iron ore supply. The presentation discusses MMX's unique integrated logistics systems and projects in Brazil and Chile that will allow expansion beyond 50 million metric tons per year of iron ore production. Key projects discussed include the Serra Azul and Bom Sucesso mines in Brazil, which will be connected to MMX's Sudeste Superport by railway. The port is expected to begin operations in the third quarter of 2012. MMX also discusses its Punta Cachos port project in Chile and existing Corumbá mine operations in Brazil.
MMX is a Brazilian mining company that aims to create choices in seaborne iron ore supply. The document discusses MMX's unique integrated logistics systems and projects in Brazil and Chile that will allow expansion of iron ore production beyond 50 million metric tons per year. Key projects discussed include the Serra Azul and Bom Sucesso mines in Brazil, which will be connected to MMX's Sudeste Superport by railway. The port is fully funded and licensed for 50 million metric tons per year of capacity. MMX also discusses its Corumbá mine in Brazil and exploration project in Chile, which has a fully licensed deep water port.
Corporate presentation march 2011 corporate presentation - march 2011mmxriweb
MMX provides high-quality iron ore from its assets in Brazil and Chile. In Brazil, MMX operates the Serra Azul mine and plans to expand production capacity to 24 million metric tons per year by 2013 through investments of $2.96 billion. MMX also owns the Bom Sucesso project, which has magnetite ore with 30% iron content. MMX is developing the Sudeste Superport, which will start operations in 2012 and has capacity for 50 million metric tons annually. In Chile, MMX has acquired six iron ore properties near the coast with high-grade magnetite ore similar in quality to Serra Azul.
The document discusses MMX Mineração e Metálicos S.A., a Brazilian mining company. It notes that MMX has delivered on several projects and partnerships since its IPO in 2006, including developing its Sudeste iron ore system. MMX owns the Serra Azul and Bom Sucesso mines in the Sudeste system, which have high-quality iron ore reserves. MMX's Sudeste system has secured logistics to transport iron ore via rail and barges to the Sudeste Superport for export, utilizing MRS Logística railways and the Açu Superport. The document presents MMX as a unique, experienced mining company with a proven ability to deliver
The document provides an overview of Port Açu, a port terminal under construction by LLX Logística S.A. in Brazil. Port Açu is located in an industrial complex with 7,500 hectares and will include berths for loading iron ore, coal, liquid bulk, steel products, and containers. Construction started in 2007 and over $1.6 billion will be invested. Port Açu has already signed 46 memorandums of understanding with companies interested in using its facilities and is expected to handle over 766 million metric tons per year once fully operational.
LLX Logística S.A. operates strategically located ports in southeastern Brazil that allow larger vessels to dock, lowering transportation costs. The ports have long-term contracts with EBX companies and others to transport iron ore, steel products, coal, grains and other goods. While Brazilian ports currently operate at full capacity, creating bottlenecks, LLX's "Super Port" developments at Açu and Brasil aim to capitalize on Brazil's economic growth and increasing demand for port infrastructure through investments supported by long-term cargo commitments.
The document discusses MMX's plans to expand its iron ore production capacity in Brazil. MMX currently has two operating mining systems in Brazil with a production capacity of 10.8 million metric tons per year. MMX aims to expand beyond 40 million metric tons per year through its integrated mining systems and the Sudeste Superport. MMX has high quality mining assets in traditional iron ore districts of Brazil and key ingredients for a successful iron ore business including resource base, competitive production costs, guaranteed logistics through its private port and railway, and secured off-take agreements.
This document provides a disclaimer and forward-looking statements for a presentation about MMX Mineração e Metálicos S.A. It notes that the presentation contains forward-looking statements regarding MMX's operating capacity, expenditures, and start-up dates. It cautions readers that numerous assumptions and uncertainties exist regarding such statements. The risks include the ability to obtain regulatory approvals, difficulties converting resources to reserves, and changes in economic, political, and regulatory conditions. The document also states that MMX does not undertake to update forward-looking statements unless required by law and the presentation is not an offer to sell securities.
This document contains forward-looking statements and disclaimers about MMX Mineração e Metálicos S.A., including projections regarding operating capacity and expenditures. It cautions readers that numerous assumptions and uncertainties exist and results may differ from statements. The document also notes that MMX has delivered on investments and projects since its IPO, including partnerships, acquisitions, operations, and spin-offs. It presents MMX as a unique, high-quality iron ore producer with low costs due to high ore content and productivity, and secured logistics through rail and port agreements.
Presentation – 2007 global resourses conference (bmo)mmxriweb
This presentation provides an overview of MMX Mineração e Metálicos S.A., a Brazilian iron ore mining and production company. MMX operates three integrated iron ore systems in Brazil, with planned total annual production of 38 million tons by 2011. The company has obtained necessary permits and licenses to develop its projects and is progressing financing according to its business plan. MMX aims to supply high quality iron ore to the global market while maintaining environmental sustainability.
Apresentação – 2007 global resourses conference...mmxriweb
This presentation provides a progress report on MMX Mineração e Metálicos S.A., a Brazilian iron ore producer. Key points include: MMX will produce 38 million tons of high-quality iron ore annually from three integrated mining systems in Brazil starting in 2011. MMX has an experienced management team and a corporate structure allowing strategic partners to participate. Financing is advancing as planned, with most capital expenditures occurring early on and increasing production expected to generate free cash flows beginning in 2009. Permits have been obtained as scheduled since the company's IPO in 2006.
MMX is developing iron ore mining assets in Brazil with the goal of becoming a major exporter of seaborne iron ore. Their key assets include the Serra Azul mine and the Sudeste Superport export facility. Serra Azul has over 1 billion tons of reserves and MMX is expanding production capacity to 29 million tons per year. The Sudeste Superport is licensed for 50 million tons annually and has the infrastructure to load large ships for international export. MMX has secured long-term supply contracts for over 60% of production with strategic Chinese and South Korean partners.
MMX is developing iron ore mining assets in Brazil with the goal of becoming a major exporter of seaborne iron ore. Their key assets include the Serra Azul mine and the Sudeste Superport. Serra Azul has over 1 billion tons of reserves and is undergoing an expansion to reach 29 Mtpy of production capacity. The Sudeste Superport near Rio de Janeiro has approval for 50 Mtpy and is being expanded to 100 Mtpy to serve as an export hub for MMX's production via rail. MMX has also secured long-term offtake agreements for over 60% of production with strategic partners in China and South Korea.
MMX announced the sale of a 15% interest in LLX Logística S.A. to the Ontario Teachers' Pension Plan for US$185 million. This values MMX's remaining 85% stake in LLX at approximately US$1.05 billion. The sale is subject to definitive agreements and approvals. LLX owns deep water port facilities at Porto do Açu with a minimum 15 meter draft and capacity for large vessels. It also owns an adjacent 6,900 hectare industrial complex, providing opportunities for revenue from handling fees and land leases.
MMX is a Brazilian mining company that produces and exports iron ore. It owns the Serra Azul mine and expansion project in Minas Gerais, as well as rights to mines in Corumbá, Mato Grosso do Sul. MMX has long-term off-take agreements with strategic partners Wisco and SK Networks for 64% of its future production. It owns 35% of Porto Sudeste, a deepwater port in Itaguaí, Rio de Janeiro that provides logistics for exporting MMX's iron ore. The presentation provides an overview of MMX's assets and projects, production targets, mineral reserves, and highlights recent corporate developments.
O documento resume as operações e projetos da MMX Mineração. Apresenta os ativos da empresa no Sudeste do Brasil, incluindo a Unidade Serra Azul em operação e o Porto Sudeste, com foco no minério de ferro. Também destaca os principais eventos recentes, métricas financeiras e detalhes dos projetos de expansão.
MMX is a Brazilian mining company that produces iron ore. It has two operating systems, Serra Azul and Corumbá, with a current combined capacity of 7 million metric tons per year. MMX's iron ore is committed to strategic consumers in China and South Korea through long-term contracts. It has a port facility called Porto Sudeste that provides access to seaborne iron ore markets. MMX has mineral resources totaling 3.6 billion metric tons across its mining assets and aims to expand production capacity.
Este documento fornece um resumo da MMX Mineração, incluindo:
1) A MMX Mineração opera sistemas de mineração de minério de ferro em Serra Azul (MG) e Corumbá (MS) com capacidade total de produção de aproximadamente 7 Mtpa.
2) A empresa está expandindo a operação em Serra Azul para aumentar a produção para 15 Mtpa e 64% da produção futura já foi comprometida em contratos de longo prazo.
3) A MMX Mineração também opera o Porto Sude
1. MMX reported its 1Q14 results in June 2014, with production of 1.3 million tons (up 22% quarter-over-quarter but down 10% year-over-year) and sales of 1.2 million tons (down 15% quarter-over-quarter and 12% year-over-year). Net revenue was R$110.4 million (down 39% quarter-over-quarter and 53% year-over-year).
2. Net profit was R$ -69.2 million and adjusted EBITDA was R$ -501.3 million. Consolidated debt increased to R$2.791 billion.
3. Events in 1Q14 included
O documento apresenta os resultados financeiros da empresa no primeiro trimestre de 2014, incluindo uma queda na receita líquida, lucro líquido negativo e EBITDA ajustado negativo. Também destaca o investimento da Trafigura e Mubadala na Porto Sudeste do Brasil S.A. e o aumento da dívida líquida consolidada da empresa.
Este documento fornece um resumo da MMX Mineração, uma empresa de mineração de minério de ferro. Apresenta os ativos da empresa, incluindo as unidades de Serra Azul e Corumbá, e o Porto Sudeste do Brasil. Descreve também os planos de expansão da Unidade Serra Azul e do Porto Sudeste.
MMX is a Brazilian mining company that produces iron ore. It has two operating systems, Serra Azul and Corumbá, with a current capacity of 7 million tonnes per year. MMX has secured mining rights and resources totaling 3.6 billion tonnes. It has long-term off-take agreements with strategic partners in China and South Korea for 64% of its future production. MMX's Porto Sudeste provides access to seaborne markets and has the capacity to export up to 100 million tonnes per year.
O documento fornece informações sobre as operações de mineração e exportação de minério de ferro da MMX Mineração no Brasil. Apresenta os ativos da Serra Azul e do Porto Sudeste, com capacidade atual de 7 Mtpa e potencial de expansão para 15 Mtpa e 100 Mtpa respectivamente. Também descreve a unidade Corumbá com capacidade atual de 2,1 Mtpa e reservas de 192 Mtons.
1) A apresentação descreve o plano de negócios da MMX Mineração para o fornecimento transoceânico de minério de ferro através de seus ativos no Sudeste do Brasil.
2) Os ativos incluem as minas Serra Azul e Corumbá e o Porto Sudeste, com capacidade de 50 Mtpa e potencial para expansão para 100 Mtpa.
3) 64% da produção futura do Sistema Sudeste está comprometida com contratos de longo prazo com companhias da China e Coreia do Sul
MMX is a Brazilian iron ore mining company with operations in Minas Gerais and Mato Grosso do Sul. It has two operating systems, Serra Azul and Corumbá, with a current combined capacity of 7 million metric tons per year. MMX is expanding its Serra Azul unit and has secured long-term off-take agreements for 64% of future production with shareholders WISCO and SK Networks. It also owns Porto Sudeste, a private port in Itaguaí, Rio de Janeiro licensed to export 50 million metric tons per year of iron ore.
1) A MMX Mineração fornece informações sobre seus ativos de minério de ferro no Brasil, incluindo as unidades Serra Azul e Corumbá.
2) O documento descreve o porto Sudeste do Brasil, que tem capacidade para 50 Mtpa e possibilidade de expansão para 100 Mtpa.
3) As operações da MMX no Brasil incluem minas, plantas de beneficiamento, ferrovias e portos, com foco em logística integrada para exportação de minério de ferro.
1) A MMX Mineração fornece informações sobre seus ativos de minério de ferro no Brasil, incluindo as unidades Serra Azul e Corumbá.
2) O documento descreve o porto Sudeste do Brasil, que tem capacidade para 50 Mtpa e possibilidade de expansão para 100 Mtpa.
3) As operações da MMX possuem logística integrada entre a mina, ferrovia e porto, além de contratos de longo prazo para venda de minério.
MMX is a Brazilian iron ore mining company with operations in Minas Gerais and Mato Grosso do Sul. It has two operating systems, Serra Azul and Corumbá, with a current combined capacity of 7 Mtpy. MMX is expanding its Serra Azul unit and Porto Sudeste export terminal to increase production. Porto Sudeste is located in Itaguaí, Rio de Janeiro and has licenses for 50 Mtpy, expandable to 100 Mtpy. MMX has long-term off-take agreements in place with shareholders WISCO and SK Networks for 64% of future production.
1) O documento descreve os ativos e operações da MMX Mineração, incluindo as unidades de Serra Azul e Porto Sudeste.
2) A MMX tem recursos certificados de 3,6 bilhões de toneladas e capacidade de produção de 7 Mtpa.
3) O Porto Sudeste tem capacidade para 50 Mtpa e projeto de expansão para 100 Mtpa, com logística integrada à mina Serra Azul por meio da ferrovia MRS.
MMX is a Brazilian mining company that produces iron ore. It has two operating systems, Serra Azul and Corumbá, with a current combined capacity of 7 million metric tons per year. Serra Azul has reserves of nearly 1 billion metric tons and production is committed to strategic partners through long-term contracts. MMX's Porto Sudeste has capacity for 50 million metric tons annually and provides access to global seaborne markets. The company aims to expand production at Serra Azul while divesting its Corumbá assets.
O documento fornece informações sobre as operações de mineração e exportação de minério de ferro da MMX Mineração no Brasil. Apresenta os ativos da Serra Azul e do Porto Sudeste, com capacidade atual de 7 Mtpa e projetos de expansão. Também descreve o ativo de Corumbá com capacidade atual de 2,1 Mtpa. Explica a logística integrada entre a mina, ferrovia e porto para exportação do minério de ferro.
This document provides highlights from MMX Mineração e Metálicos S.A.'s 2013 results and subsequent events. Key points include:
- Production was 5.9 million tons, down 20% from the previous year. Sales were 6.6 million tons, down 4%.
- Net loss was R$2.057 billion, up 160% from the previous year. Adjusted EBITDA was R$-156.6 million, down 131%.
- Subsequent events include concluding an investment with Trafigura and Mubadala, approving a revised business plan, engaging financial advisors, and signing an agreement to sell MMX's Chile unit.
Este documento resume os resultados financeiros e operacionais da empresa para o ano de 2013, incluindo uma queda na produção e lucro líquido negativo. Apresenta também os principais eventos do ano, como a revisão do plano de negócios e a contratação de assessores financeiros para avaliar oportunidades. Fornece detalhes sobre a dívida consolidada da empresa e sua estrutura societária atual.
MMX Mineração is a Brazilian iron ore mining company with operations in Minas Gerais and Mato Grosso do Sul states. It has two operating systems, Serra Azul and Corumbá, with a current combined capacity of 7 million tonnes per year. MMX is expanding its flagship Serra Azul project which has over 1 billion tonnes of reserves and will have a capacity of 15 million tonnes per year. It also has its own Porto Sudeste terminal capable of shipping 50 million tonnes annually. 64% of MMX's future production is already committed under long-term contracts with its major shareholders Wisco and SK Networks.
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2. Disclaimer
This presentation relating to MMX Mineração e Metálicos S.A. (“MMX”) includes “forward-looking statements”, as that term is defined in the Private
Securities Litigation Reform Act of 1995, in Section 27A of the Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934.
All statements other than statements of historical facts are statements that could be deemed forward-looking statements and are often characterized
by the use of words such as “projects”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, “may”, “will”, or “intends”, or by discussions
or comments about our objectives, strategy, plans or intentions and results of operations. Forward-looking statements include projections regarding
our operating capacity, operating expenditures, capital expenditures and start-up dates.
By their nature, these forward-looking statements involve numerous assumptions, uncertainties and opportunities, both general and specific. The
risk exists that these statements may not be fulfilled or, even if they are fulfilled, the results or developments described in such statements may not
be indicative of results or developments in future periods. We caution participants of this presentation not to place undue reliance on these forward-
looking statements as a number of factors could cause future results to differ materially from these statements.
Forward-looking statements may be influenced in particular by factors such as the ability to obtain all required regulatory approvals on a timely basis
or at all, exploration for mineral resources and reserves, difficulty in converting geological resources into mineral reserves, and changes in economic,
political and regulatory conditions. We caution that the foregoing list is not exhaustive. When relying on forward-looking statements to make
decisions, investors should carefully consider these factors as well as other uncertainties and events.
MMX does not undertake to update our forward-looking statements unless required by law. This presentation is neither an offer to sell (which can
only be made pursuant to definitive offering documents) nor a solicitation of an offer to buy any securities in the United States, or any other
jurisdiction. The securities referred to herein have not been registered in any jurisdiction, and in particular, will not be registered under the U.S.
Securities Act of 1933, as amended, or any applicable state securities laws and may not be offered or sold in the United States absent registration or
an applicable exemption from such registration requirements.
This presentation and its contents are proprietary information and may not be reproduced or otherwise disseminated in whole or in part without
MMX’s prior written consent.
Investor Relations
Chequer Bou-Habib - IRO
Priscylla Setimi - IR
Tel. 55 21 2555-5558 / 5234
ri@mmx.com.br
6. MoU among MMX, LLX and Wuhan Steel
Non-exclusive, non-binding MoU with relevant opportunities for MMX and EBX group
The Announcement MMX potential upsides
• Off-take of the entire MMX Sudeste
• Integrated 5 million ton per year steel
production at benchmark prices;
plant at Açu Super Port;
• WISCO off-take of MMX Sudeste • Restatement of the port services
production; agreement among WISCO, MMX and
LLX; and
• Restatement of the port services
agreement among WISCO, MMX and LLX;
• Sale of a stake in MMX (9.09% for
• Acquisition of stake in MMX and US$ 120 million) and MMX Sudeste
MMX Sudeste; (23% for US$ 240 million) – cash in to
face CAPEX programs.
• Supply of steel products by WISCO
to BEX.
6
7. Who is Wuhan
The Chinese Wuhan Iron and Steel Corporation (WISCO) was created in 1955;
WISCO is the first giant iron and steel complex established after the founding of the People’s
Republic of China;
WISCO has an annual production capacity of 31 million tons, ranking the third in China and the 7th
largest steel producer in the world;
WISCO plans to expand its steel production capacity to 50 million tons per year, what will require a
supply of 80 million tons per year of iron ore;
The CEO of Wuhan happens to be also the President of CISA (China Iron and Steel Association);
WISCO is making great efforts to enter into the rank of the 500 top enterprises in the world and
become an important automobile sheets producer in China by 2010.
7
8. Sale of pig iron plant in Corumbá
The agreement:
MMX announced an agreement with Vetorial Siderurgia Ltda. ("Vetorial") for the sale of the pig iron
plant;
Vetorial will pay R$ 100 million for the Asset: 84% will be paid up front;
MMX Corumbá Mineração will supply iron ore to the facility, when owned by Vetorial;
The conclusion of the transaction is subject to due diligence;
The transaction is also subject to approval by the independent members of MMX’s Board of Directors.
About Vetorial:
Vetorial Siderurgia Ltda. is dedicated to pig iron production in Mato Grosso do Sul with a total
production capacity of 350 thousand tons per year.
8
10. The only one of its kind
MMX uniqueness:
high quality iron ore;
low cash cost, due to the high in situ ore content
and high productivity;
MMX Sudeste
Corumbá secured logistics, through long-term agreements with
System
Sudeste rail, barges and port services providers, including LLX
System
Sudeste Port, its sister company;
the unique independent operating Brazilian junior
mining company;
MMX de
Chile
experienced Management in selecting high value
mining assets, implementing and operating mining
projects;
proven ability in delivering value to shareholders.
MMX S.A. is the exclusive vehicle of EBX Group for investments in mining and metals, focusing on
the production capacity increase through organic growth and the development of new opportunities. 10
11. Since IPO (July’06), a lot has been delivered…
July
2006
MMX Amapá System, mine, railroad and port: system operational in a 14-month record time;
MMX Corumbá iron ore mine: operational in 8 months;
MMX Corumbá pig iron furnaces: implemented in 12 months;
Partnership with Anglo American and Cleveland Cliffs;
Spin off of LLX
Sale of assets to Anglo American: MMX Minas-Rio and MMX Amapá;
Development of MMX Sudeste System: acquisition of assets, logistics secured and expansion
plans to 33.7 million tons per year of iron ore;
Minera MMX de Chile: acquisition of mining rights and logistics already identified;
MoU with Wuhan: supply of iron ore and sale of stake both in MMX and MMX Sudeste;
Agreement with Vetorial: sale of Corumba’s pig iron facility.
July
2009
11
12. MMX structure
Controlling Shareholders Free Float
65.29% 34.71%
70% 100% 100% 100%
MMX Corumbá MMX Metálicos Minera MMX
Corumbá System MMX Sudeste
MMX Sudeste
Mineração Corumbá de Chile
30% Centennial
Asset Corumbá
100% 100% 100%
Bom Sucesso AVG Minerminas Sudeste System
Bom Sucesso
Bom Sucesso under basic engineering studies
Corumbá System started-up in 2005 (Mining) and 2007 (Metallics)
Assets acquired by MMX (AVG: dec-07; Minerminas: jan-08) 12
14. MMX Sudeste System: high grade iron ore, low cost
and secured logistics
Negotiation with MRS to transport 32 million tons/year.
Environmental license obtained;
Consolidation opportunity: mines in Serra Azul
can produce 60-80 million tons/year of iron ore Long term financing under negotiation;
50 million ton/year of iron ore can be
expanded to 100 million tons;
Start-up: second half 2011.
BOM SUCESSO TENEMENT
LLX SUDESTE PORT
14
18. Serra Azul site: 8.7 Mtpy of capacity reached on Oct’08
Operations Sales & Logistics
Acquisition of the assets concluded in Jan’08;
Railway capacity secured through long-term
Construction of Magnetic Concentration Plant agreement with MRS up to 15 Mtpy;
and operational enhancements: 8.7 Mtpy as
Port capacity secured with CSN Terminal de
annual installed production capacity in Oct, 2008.
Carga de Itaguaí Port: 2 million tons per year, from
2009 to 2011;
Port capacity from mid-2011 untill 2032 secured
through long-term agreement with LLX Sudeste
Port;
Long-term Off-take agreements with domestic
miners and steel makers;
Wuhan will be the main off-taker of MMX
Sudeste production.
Magnetic Concentration Plant – Start-up Oct 30’08
18
20. Bom Sucesso: outstanding magnetite content and
logistics
Expected Quality:
Fe: 67.2%
SiO2: 2.5%
AL2O3: 0.5%
P: 0.033%
PPC: 0.6%
FeO: 8.8%
View from the west hillside of the Bom Sucesso mountain ridge
Acquisition of mining rights concluded in July’08;
Unique magnetite content (close to 30%);
The closest iron ore asset to the shore – 240km (lower rail tariff);
Greenfield basic engineering studies and environmental licensing under
development;
Rail capacity under negotiation with MRS to extend current contract for
Tests
additional 17 mt up to 2032.
20
21. MMX Sudeste: aggressive expansion plan to become
an international player
Production Capacity
2009 to 2013 33.7 Expansion plan built up in 3 phases:
32.1
Bom Sucesso Phase I: the installed annual capacity to
Serra Azul 17.4
17.4 reach 8.7 Mtpy was achieve in Oct’08 upon
18.5 I D
the start-up of the Magnetic Concentration SE DE
A U
Plant; PH CL
N
8.7 8.7
18.5 CO
14.7 16.3
3.4
8.7 8.7
3.4 Phase II: Serra Azul brownfield expansion up
2008 2009 2010 2011 2012 2013 to 16.3 Mtpy – approx Capex US$360MM
PHASE I PHASE II PHASE III
Current under detailed engineering and licensing
studies
Total Capex*
492 US$ 1,026 MM
Phase III: Bom Sucesso greenfield project,
251 362 adding 17.4 Mtpy of high magnetite iron ore –
241
105
approx Capex US$640MM
168
Current under basic engineering studies
31 146 130
73 11
23
2008 2009 2010 2011 2012 21
*Capex and timeline to be confirmed upon conclusion of detailed engineering studies and analysis of market conditions; average exchange rate R$2.12
23. Iron Ore in Chile: quality & logistics
4 mining rights (2 purchase and
options agreements)
USD 44.5 million
Patrícia
Bella
50km distant from the Chilean coast
approx 1,760 hectares
Pellet feed with high magnetite
content
Fortuna- Existing railroad (FERRONOR)
Fierro
Preliminary tests in Ouro Preto pilot
plant:
- Fe: 67,50%
Teatino - SiO2: 2,5%
s
- Al2O3: 0,85%
- P: 0,015%
23
24. Logistics: Puerto Punta Cachos
EBX has 240,000 ha property in the Atacama region
Permits to develop the urban, industrial and port
zones
Water availability with permits
Guaranteed site contract for:
89 ha of premium area (port)
Puerto
Punta Cachos 782 ha of retro-area
Unlimited scalability for a long-term
development
Located close to mining players
Opportunities for industrial businesses:
Port / Thermo
24
27. MMX Corumbá Mineração
Production Capacity* Logistics
2009 to 2013
6.3
NE & Rabicho Mine
63 Mine 3.1
3.2 3.2
2.1
1.6
3.2 3.2 3.2 Ladário Port
2.1
1.6
2008 2009 2010 2011 2012
PHASE I PHASE II PHASE III
*Capex and timeline to be confirmed upon conclusion of detailed engineering
studies and analysis of market conditions
Sales
Transport is made in barges down the Paraguay River up to Rosario
Port: cargo shipment to Europe.
MMX has Long Term Supply Agreements – 5 years,
in average - with traditional steel makers in South MMX has long-term contracts with local and international barge
America and Europe. operators;
Rosario Port in Argentina: Handymax vessels 27
30. Financial Results (1Q09)
Debt vs Cash (R$ MM) Indebtedness
MMX has increased the maturity of its debt from 7 to 18
months in one year, as shown in the graph below:
Mar-08 Mar-09
3%
38%
62%
97%
Short Term Long Term
Debentures
Company is working on the improvement of its cash position for the forthcoming quarters, which will be possible with the
issuance of debentures to be underwritten by the Controlling Shareholder and related parties in the amount of US$ 200
million. These debentures shall be underwritten according to the Company’s cash requirements during a six-month period.
30