RIO DE JANEIRO, BRAZIL--(Marketwire - August 3, 2009) - Pursuant to the article 157,
paragraph 4 of Law No. 6.404 of December 15th, 1976, as amended, and in
accordance with Brazilian Securities Exchange Comission ("CVM") Rule No.
358 of January 3rd, 2002, MMX Mineração e Metálicos S.A. (BOVESPA: MMXM3)
("MMX" or the "Company") hereby informs its shareholders and the market
that its Board of Directors approved a change in the senior management of
the Company at a meeting held as of today.
Mr. Roger Allan Downey was appointed as the new Chief Executive Officer of
MMX. Until now, Mr. Eike Batista accumulated the functions of Chief
Executive Officer and Chairman of the Board of the Company, and will remain
in the last position. Mr. Chequer Hanna Bou-Habib, who accumulated the
roles of Commercial and Investor Relations Officer, will dedicate
exclusively himself to the leadership of the commercial area and Roger
Downey will assume the position of Investor Relations Officer.
Roger Downey joins MMX from Credit Suisse, where he was responsible for
coverage of the mining and steel companies in Latin America since 2005.
Before that, Roger Downey worked for 14 years in the mining industry in
sales, marketing, business development and strategy areas of important iron
ore world producers, such as Vale and Rio Tinto.
Mr. Joaquim Martino Ferreira, until now Executive Officer of MMX, leaves
the executive functions to become Special Adviser of EBX Group for mining
activities. Thus, Mr. Joaquim Martino will continue contributing with his
extensive experience in deployment and operation of mining projects.
Additionally, Mr. Joaquim Martino will be nominated to become a member of
MMX's Board of Directors, as Vice Chairman, what will be voted in an
Extraordinary General Shareholder's Meeting to be held soon, as approved at
the Meeting of Board of Directors today.
For the controlling shareholder of MMX, Mr. Eike Batista, "A promising
future, of significant wealth creation, dawns for MMX. We have already
created extraordinary value for the Company since 2006, which has been
shared with all shareholders. We put 2 iron ore systems into operation in
record time, with high grade iron ore, low cost and integrated logistics.
We have also designed a magnificent project, world-class, now being
developed by Anglo American Group. Joaquim Martino's experience leading a
competent technical team was crucial for this to become reality. We will
continue to rely on his expertise in EBX Group and Roger Downey will be
essential to consolidate MMX's current business plan and to identify new
paths for growth."
Roger Allan Downey
CEO and IR Officer
MMX Mineração e Metálicos S.A.
About MMX: MMX is a mining company which currently has two integrated
systems in operation, MMX Corumbá and MMX Sudeste, representing a total
installed capacity of 10.8 million tons per year of iron ore, which can be
expanded to up to 40 million tons per year. MMX has a recognized
differentiated status in Brazil in terms of the outstanding quality of its
mineral assets and its ability to design integrated projects with ensured
logistics. MMX has also mining rights in Chile through its subsidiary
Minera MMX de Chile, with promising deposits of iron ore and logistics also
ensured, through the port under development by the EBX group. In 2008 MMX
sold to Anglo American group two integrated systems originally developed by
the Company, Amapá and Minas-Rio, in a transaction evaluated at USD 5.5
billion.
MMX MINERAÇÃO E METÁLICOS S.A.
CNPJ/MF: 02.762.115/0001-49
Publicly Held Company
NIRE: 33.3.0026111-7
Contact Information: Contacts
Media:
Danielle Bastos
danielle@insightnet.com.br
+55 21 2509 5399
Investor Relations:
Priscylla Setimi
+55 21 2555 5558