MMX Metálicos Corumbá Acquires Planted Pine Forest in Mato Grosso do Suladmin
Wednesday, August 27th 2008
MMX Mineração e Metálicos S.A. informs its shareholders and investors that its subsidiary, MMX Metálicos Corumbá Ltda. (“MMX Metálicos”), has acquired approximately 1 million cubic meters of planted pine forest in the municipality of Ribas do Rio Pardo, in the state of Mato Grosso do Sul. The timber will be transformed into charcoal and will supply approximately 25% of MMX Metálico’s pig iron plant demand for the years 2009, 2010 and 2011.
With this acquisition, the Company takes a very important step towards the consumption of charcoal produced exclusively from planted forestry assets.
This initiative, as well as its on going self-sufficiency plan in charcoal production from Company´s own planted forests, reinforces MMX’s commitment to sustainable and environmentally responsible operations.