MMX Metálicos Corumbá Acquires Planted Pine Forest in Mato Grosso do Sul
27 August 2008 - 8:56AM
Marketwired
MMX Minera��o e Met�licos S.A. ("MMX" or "the Company") (Bovespa:
MMXM3) (TSX: XMM) informs its shareholders and investors that its
subsidiary, MMX Met�licos Corumb� Ltda. ("MMX Met�licos"), 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 Met�lico'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
MMX Minera��o e Met�licos S.A.
Nelson Jos� Guitti Guimar�es
Chief Financial and Investor Relations Officer
iShares MSCI Min Vol Eme... (TSX:XMM)
Historical Stock Chart
From Dec 2024 to Jan 2025
iShares MSCI Min Vol Eme... (TSX:XMM)
Historical Stock Chart
From Jan 2024 to Jan 2025