MMX MINERAÇÃO E METÁLICOS S.A.
CNPJ/MF: 02.762.115/0001-49
NIRE: 33.3.0026111-7 (Publicly Held Company)
The leasing of these mining rights contemplates (i) an iron ore processing plant with annual production capacity of 2 million tons of iron ore, (ii) mining rights requisitions and concessions, and mine survey requisitions and permits for an area of over 100,000,000 m², and (iii) a stock of already mined iron ore.
As per the agreement, the lease value is a fixed annual amount of five hundred thousand U.S. dollars (US$ 500,000.00) to be paid in monthly installments of one- twelfth (1/12) of said amount, in Brazilian real, from the 4th month of the date of signing the agreement and valid for 36 months, and this amount could be partially reduced when the acquisition of all the shares issued by MMX Corumbá by Vetria is concluded.
The transaction also includes the signature of a document, to be executed by
Vetria, for a future acquisition of the whole shares issued by MMX Corumbá.
Both the leasing of mining rights and the possible acquisition of all the shares issued by MMX Corumbá by Vetria are conditioned on the fulfillment of certain conditions precedent, which include obtaining the respective approvals from the appropriate government authorities, including release of the tax lien on the shares issued by MMX Corumbá in order to sell the asset.
SP - 10578421v5 1
Rio de Janeiro, July 29th , 2014.
Carlos Roberto de Castro Gonzalez
Chief Executive Officer and Investor Relations Officer
About MMX:
SP - 10578421v5 2
MMX, an EBX group mining company, was established in 2005. The Company
produces about 7 million tons of iron ore per year. Recently, the Company concluded negotiations to sell 65% of Porto Sudeste do Brasil S.A. (previously named MMX Porto Sudeste Ltda.), a port terminal under construction in Itaguaí, in the State of Rio de Janeiro. As of end-2014, the Company will have guaranteed access to transocean markets for the iron ore produced in Serra Azul Unit, in Minas Gerais. Currently, MMX is currently reviewing its business model. For more information, visit the website: http://ri.mmx.com.br
Investors and Press: Adriana Marques +55 21 2163 6197 ri@mmx.com.br
Juliana Campos + 55 31 3516 7542
SP - 10578421v5 3
distributed by |