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Port Construction in the Atacama Region of Ch

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Port Construction in the Atacama Region of Ch
Port Construction in the Atacama Region of Chile is Authorized
Port Construction in the Atacama Region of Chile is Authorized
Rio de Janeiro, December 23, 2010. MPX Energia S.A. (“MPX”) (Bovespa: MPXE3, GDR I:MPXEY) and MMX
Mineração e Metálicos S.A. ("MMX") (Bovespa: MMXM3, GDR I:MMXMY) announced today that the Comisión
Regional de Medio Ambiente (COREMA) of the Atacama Region in Chile has authorized the construction of a new port
(“Port” or “Project”), located 80 km to the southwest of the city of Copiapó. The Port is licensed to OMX Operaciones
Marítimas, an EBX Group company. The Project, which will employ world-class technology, consists of the construction
and operation of a public use port with three independent piers that will allow the loading and unloading of up to 6 million
tons of coal per year and 10 million tons per year of iron ore, among other products. The port has a natural depth of 25
meters and will also include storage facilities for coal, iron ore, ash, copper and grains, as well as a covered conveyor belt
system. The construction of the port is expected to take approximately 30 months to complete, following a total
estimated investment of US$ 300 million. The construction schedule of each pier will be adjusted according to the startup
dates of MPX and MMX's projects, as well as other projects planned for the region. “This port will guarantee efficient
coal supply to the Castilla Thermal Power Plant (“TPP”) at a competitive cost. With up to 2100 MW of capacity,
Castilla TPP is one of the largest projects currently under license in Chile and an important growth platform for MPX in
this country," said Eduardo Karrer, MPX CEO. Roger Downey, MMX CEO, added: “Logistics is the key component of
any iron ore system. The license of the Port is a major achievement in the development of our 10 million tons per year
project in Chile, which will be thus one of the most competitive additions to seaborne supply. Similarly to Sudeste
System, the MMX Chile Project has 50% of the production target already backed by long term offtake agreements.”
Rio de Janeiro, December 23, 2010.
Eduardo Karrer
CEO and IR Officer MPX Energia S.A.
Roger Downey
CEO and IR Officer
MMX Mineração e Metálicos S.A.
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