Board of Directors, Management and Committee
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The management of the EBX Group is comprised of the best professionals in the market. They are people who are passionate about what they do, and have a commitment to growth and innovation. We invest in talent and value experience.
 

Board of Directors
The Board of Directors of MMX Mineração e Metálicos S.A. is a collegial deliberative body that, according to the Bylaw of the Company, shall be composed of at least 5 (five) and maximum 11 (eleven) members, all of them under unified mandate of one year. Currently, the Administrative Board of the Company consists of 6 (six) members.


Among other functions is the responsibility of the Board of Directors:
  • Establish objectives, policies and overall direction of the Company businesses;
  • To appoint and remove the Company directors, assigning them powers;
  • Oversee the Directors management;

Pronounce itself in advance about the Management Report, Board accounts and financial statements for the year;

Pronounce itself in regard to any takeover bid of shares intended to the shares issued by the Company, through concept previously based, released up to 15 (fifteen) days after publication of the edict of the takeover bid of shares.

As stated in the Corporate Governance Policy of the Company, the Board must also ensure that the transactions involving related parties.

MMX Mineração e Metálicos S.A. also counts, in its corporate governance structure, with an Audit Committee, composed of 02 highly qualified members, which aims to assist the Board of Directors in carrying out their monitoring activities related to accounting practices in preparation of financial statements of the Company and its subsidiaries, and also the indication of the independent audit and evaluation. The Committee is subordinate to the Board of Directors of the Company acting independently with respect to the Board.

MMX Mineração e Metálicos S.A. recognizes the value of the good practices of corporate governance and strives constantly to improve them, working actively in the conduct of meetings with investors, holding talks with stakeholders, encouraging the participation of its shareholders at General Meetings and implementing in its undertakings the most advanced sustainable development techniques.

According to the New Market Regulation, members of the Board of Directors must sign, prior to their Term of Office, a Term Acceptance of the New Market Regulation and the rules of the Chamber of Arbitration of BM&FBOVESPA.
 
Board of Directors Position
Eike Fuhrken Batista Chairman

Studied Metallurgical Engineering at Aachen University in Germany. He is the founder of the EBX Group and is currently Chairman of the Board of Directors of OGX Petróleo e Gás Participações S.A. (since 2007), as well as Chairman of the Board of Directors of OSX Brasil S.A. (since 2009), MMX Mineração e Metálicos S.A. (since 2005), MPX Energia S.A. (since 2007), LLX Logística S.A (since 2007), IMX Holding S.A. (since 2011) and CCX Carvão da Colômbia S.A. (since 2012), all of which are also EBX Group companies. In addition, he served as CEO of OGX Petróleo e Gás Participações S.A. (2007-2012), Chairman and CEO of TVX Gold Inc. (1986-2001), a publicly-held gold mining company traded on the Toronto Stock Exchange and New York Stock Exchange.

Julio Alfredo Klein Junior Member of the Board of Directors

Mr. Julio Alfredo Klein Junior holds a degree in Accounting Sciences from Moraes Junior College of Brazilian Institute of Accounting and with a post-graduate in Management Accounting from Getúlio Vargas Foundation in 1988. Currently, he is a member of the Board of Directors of OSX Brasil S.A. – Em Recuperação Judicial ("OSX") (since 2013) and Óleo e Gás Participações S.A. – Em Recuperação Judicial (since 2013). He has also acted as member of the Auditing Committee of OSX since its creation in 2010 until 2013. His formation on Petrobras includes the Internal Auditors Preparation Course in 1984. He has worked in Petrobras where he was the Chief of the Costs Accounting Division and the Rules and Internal Control Division. He was member of the Audit Board, indicated by Gaspetro, in Gas Potiguar Company - Potigas (2003-2008) and in Bahia Gas Company – Bahiagas (2002-2003). He was liquidator of the Carbon Chemistry Industry of Santa Catarina – ICC, designated by Gaspetro (2002-2008). He acted as charmain of the Audit Board of the Petrobras Foundation of Social Security - Petros, indicated by Petrobras (1994-1998). He has been full professor of Industrial Accounting in Moraes Junior College.

Linhong Zhang Member of the Board of Directors

Director appointed by the shareholder Wisco Brasil Investimentos em Metalurgia Ltda. (“Wisco Brasil”) is the Investment Officer of Wisco Overseas Mineral Department and Financial Officer of Wisco Brasil since April, 2013. He started his career at Wisco Group in 2004, and held several positions, such as Financial Officer of Wugang Canada Resources Investment Limited and officer responsible for the assets management division. Linhong Zhang has a master degree in Finance from Northeastern University, business and management school, and has a degree in metallurgical engineering from Northeastern University, material science and metallurgy school.

Ricardo Furquim Werneck Guimarães Member of the Board of Directors

Graduated with a degree in Geology and Mining Engineering from Universidade Federal de Ouro Pedro and with a MBA in Business Management and Strategy from FEA/USP. Mr. Gonzalez has more than 20 years of experience in the mining industry. He developed his career at Vale, being responsible for the Operations at Carajás as General Manager. He worked at EBX Group as Mining Director, having participated in several MMX Mineração e Metálicos S.A. projects since its conception. In 2008, he held the position of COO (Chief Operating Officer) on Minas Rio Project (Anglo American). He returned to EBX Group in 2011, as officer at EBX Holding.

Young Bin Yim Member of the Board of Directors

Is an economist with bachelor degree at International Economics by the Seoul University and appointed to act as member of the Board of Directors of MMX Mineração e Metálicos S.A. by the shareholder, SK Networks Co., Ltd. He has more than 25 years of experience in SK Group, having acted as Vice-President of the Resource Business in China and, currently, is the Head of the Coal Business Division of SK Networks.

Yoshiyuti Hukai Independent Member of the Board of Directors

Mr. Yoshiyuti Hukai holds a degree in physics from the University of São Paulo and completed master's degree in engineering from the Technological Institute of Aeronautics and doctorate in nuclear engineering from the Massachusetts Institute of Technology. Mr. Yoshiyuti Hukai has worked at several institutions, in Brazil and abroad, accumulating knowledge and experience in the coordination of major infrastructure projects. Since 2009, serves as a consultant to Toyota, Vale, CPFL, Alupar-Alusa, Petra Energia, among others.

Board of Executive Officers

The Officers of the MMX Mineração e Metálicos S.A. are the legal representatives, responsible mainly for the daily management of the Company and the implementation of policies and guidelines established by the Board. According to the Corporations Law, the Company´s Officers must be resident in the country, may be a shareholder or not. Moreover, until a maximum of one third of the members of the Board of Directors may hold positions in the Board of Executive Officers.

The Officers are elected by the Board of Directors of the Company with a term of one year, reelection being permitted. The Company's Bylaw provides that the Board of Executive Officers is composed of at least 2 (two) members and a maximum of 8 (eight) members, of whom may be appointed as a Chief Executive Officer, an Investor Relations Officer and, the others, Officers without specific designation. Currently, the Board of Executive Officers of MMX Mineração e Metálicos S.A. is composed of 2 (two) members.

According to the New Market Regulation, the Officers must sign prior to taking office, Statement of Consent to the New Market Regulation and to the rules of the Arbitration Chamber of BM&FBOVESPA.

Currently, the Board of Executive Officers of MMX Mineração e Metálicos S.A. is composed of:
 

Board of Executive Officers Position
Ricardo Furquim Werneck Guimarães Chief Executive Officer and Investor Relations Officer

Graduated with a degree in Geology and Mining Engineering from Universidade Federal de Ouro Pedro and with a MBA in Business Management and Strategy from FEA/USP. Mr. Gonzalez has more than 20 years of experience in the mining industry. He developed his career at Vale, being responsible for the Operations at Carajás as General Manager. He worked at EBX Group as Mining Director, having participated in several MMX Mineração e Metálicos S.A. projects since its conception. In 2008, he held the position of COO (Chief Operating Officer) on Minas Rio Project (Anglo American). He returned to EBX Group in 2011, as officer at EBX Holding.

Audit Committee
The legislation in Brazil allows companies to create additional bodies to the Board of Directors and the Borad of Shareholders.

The Audit Committee main function is to advise the Board of Directors in carrying out its activities related to the accounting practices adopted in preparing the Company's financial statements and its subsidiaries and also indicating and evaluating the effectiveness of the independent auditors.

The Company's Audit Committee is subordinated to the Board of Directors. The Committee acts independently from the Company's Executive Board and consists of two (2) members elected for one (1) year (with the possibility of reelection). Members are appointed and dismissed by the Board of Directors and the Board of Shareholders appoints a representative who is responsible for chairing and coordinating the committee.

The Company does not have an Audit Committee at the moment.
Fiscal Committee
According to the Corporation Law, the Fiscal Committee is a corporate body independent of management and external auditors and that can function as permanent or non-permanent. The Company provides in its Bylaw the functioning of the Fiscal Committee as non-permanent and can be installed at the request of shareholders, in accordance with the applicable law.

When installed, the Fiscal Committee duties as set forth in the applicable regulation remain in operation until the first Ordinary General Shareholders Meeting after its installation. The main responsibilities of the Fiscal Committee are to oversee the activities of management, review the company's financial statements and report its findings to shareholders. According to the Corporations Law, the Fiscal Committee shall be composed of at least 3 (three) and no more than 5 (five) members and an equal number of alternates.

Currently, the Company's Fiscal Committee is not installed.

 

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