RIO DE JANEIRO, BRAZIL--(Marketwire - August 13, 2009) - MPX Energia S.A. (BOVESPA: MPXE3)
(GDR I: MPXEY), an EBX Group company focused on the energy sector, with a
diversified generation portfolio, maintaining activities in fuel supply,
generation and commercialization of energy, with a differentiated concept
in the Brazilian energy sector, today releases its results for the second
quarter of 2009 and updates its shareholders on the progress of its
projects.
Quarter Highlights and Subsequent Events
-- MPX guarantees part of long term financing for Porto do Pecém II TPP
On May 12, 2009, MPX obtained a long-term credit line of up to R$ 323
million from Banco Itaú BBA to finance Porto do Pecém II TPP.
-- Long term financing contracts signed with BNDES and IDB for
implementation of Pecém I
In July 2009, financing contracts were signed with BNDES (Banco Nacional de
Desenvolvimento Econômico e Social) and IDB
(Inter-American Development Bank) to fund the implementation of Pecém I
TPP. Contracts guarantee
long-term loans of R$ 1.4 billion (BNDES) and US$ 327 million (IDB).
-- John T. Boyd begins analysis of data obtained in exploration campaign in
Colombia
During 2Q09, drilling campaign in Colombia continued, concentrating efforts
in La Guajira. First results were very positive and indicated possibility
of open-pit coal mining.
-- MPX stock split approved
On July 17, at an Extraordinary General Meeting, MPX shareholders approved
a stock split in the ratio 1:20. From July 20 on, shares started trading
ex-split.
-- Change in ratio of ordinary shares to Global Depositary Receipts (GDRs)
approved
Following stock split, CVM approved a change in the ratio of ordinary
shares to GDRs. Each GDR now corresponds to 1 ordinary share.
The conference call will be held on Friday, August 14, 2009, at 10:30 am
(US ET) in English with simultaneous translation to Portuguese
Access numbers:
- Brazil: +55 11 4688-6340
- US toll free: (+1)888-379-7579
- Other countries: (+1)786-924-7444
- Password: 6290489#
Participants are requested to connect 10 minutes prior to the time set for
the conference call.
Contact Information: Contact IR
Flavia Heller
IR Manager
Daniel Haddad
IR Analyst
(+5521) 2555-4061
ri.mpx@mpx.com.br