MMX Mineração e Metálicos S.A. Nelson José Guitti Guimarães Chief Financial and Investor Relations Officer
MMX Metálicos Corumbá Acquires Planted Pine Forest in Mato Grosso do Sul
| Source: MMX S.A.
RIO DE JANEIRO, BRAZIL--(Marketwire - August 26, 2008) - MMX Mineração e Metálicos S.A.
("MMX" or "the Company") (Bovespa: MMXM3) (TSX : XMM ) 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.
For additional information, please contact ri@mmx.com.br