3Q08
Small Font Size Large Font Size BackBack PrintPrint E-mailE-mail PDF DownloadDownload Share
MMX Mineração e Metálicos S.A. (“MMX” or the “Company”) (BOVESPA: MMXM3) announces the consolidated results of the third quarter of 2008 (3Q08) presented according to the Brazilian accounting principles, in reais.
  • The total iron ore production reached 1.377 million tonnes in the quarter, and an accumulated total of 4.041 million in the year;
  • The Gross Revenue from iron ore was R$174 million, 54% more than in theprevious period;
  • September had a record production of pig iron - 28 thousand tonnes - reaching 70 thousand tonnes in the period, 13% more than in the previous quarter;
  • During the quarter the pig iron sales generated a Gross Revenue of R$ 67,7 million;
  • MMX had a Gross Income of R$96.9 million, accumulating a total of R$179.6 million in the year;
  • The cash availability , by the end of the quarter, was of R$240 million;
  • MMX Metálicos Corumbá acquired a pinus planted forest, in the state of Mato Grosso do Sul, from which wood will be transformed into charcoal, with the purpose of supplying around 25% of MMX Metálicos' pig iron plant's needs during the years 2009, 2010 and 2011.
  • MMX initiated the development of new businesses in Chile, acquiring 2 mining rights for iron ore and signing an options contract for the acquisition of another two.
Contact IR
Speak with MMX to clarify doubts and offer suggestions. Click here
IR Alerts
Receive alerts from MMX and stay informed.
Copyright © 2010 MMX
All rights reserved
Private Policy | Terms of Use
RIWeb