MMX Minas-Rio Receives the Final Construction License for Its Slurry Pipeline
June 09 2008 - 7:24PM
Marketwired
RIO DE JANEIRO, BRAZIL (BOVESPA: MMXM3) (TSX: XMM), in
compliance with article 157 of Law 6,404/76, and CVM Instruction
358/02, hereby makes the following public announcement:
The Federal Environmental Agency - IBAMA issued on June 2, 2008
the Construction License 515/2008 to MMX Minas-Rio Minera��o S.A.
("MMX Minas-Rio"), a Company's subsidiary, complementary to the
Construction License 492/2008 granted on March 7, 2008, authorizing
the conclusion of the construction of the MMX Minas-Rio slurry
pipeline ("Pipeline").
The Pipeline will have the capacity to transport 26.6 million
tons of pellet feed per year and will cover a distance of 525km,
crossing 32 municipalities. It will connect the MMX Minas-Rio
mines, located in the state of Minas Gerais, to the Port A�u, a
Port Terminal that is under construction by LLX Minas-Rio Log�stica
Comercial Exportadora S.A. ("LLX Minas-Rio"), on the northeast of
the State of Rio de Janeiro.
The Port A�u construction started in September 2007. The
consortium ARG-CIVILPORT is developing the offshore structure to
handle iron ore and other cargos such as steel products, coal,
liquid bulks and containers. The operations start-up of the Port
A�u is expected for 2010.
For additional information, please contact ri@mmx.com.br.
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