RIO DE JANEIRO, BRAZIL, September 17 /CNW/ - MMX Mineracao e Metalicos
S.A. (BOVESPA:MMXM3)(TSX:XMM)(Pink Sheets: MMXMY) ("MMX" or the "Corporation")
announces the following recent developments in the Minas-Rio System:
- MMX Minas-Rio Mineracao S.A. ("MMX Minas-Rio") signed a letter of intent
with the consortium formed by Confab Industrial S.A., Siat S.A. and
Marubeni-Itochu Steel Inc., for the supply of pipes required for the
construction of the Minas-Rio System slurry pipeline. The contract envisages
the supply of approximately 539 km of welded steel pipes with 24 and 26-inch
diameter. Deliveries are scheduled between March and December 2008.
- LLX Minas-Rio Logistica S.A. ("LLX Minas-Rio") and the consortium
ARG-CIVILPORT signed a letter of intent for the offshore construction work of
the Acu Port. The construction of the Acu Port commenced today.
The slurry pipeline will connect the iron ore mines in Minas Gerais to
the Acu Port, which compose the MMX Minas-Rio System, that is being developed
by MMX's subsidiaries, MMX Minas-Rio and LLX Minas-Rio.
We reiterate that confirmation of the businesses which are object of the
letters of intent depend on the signing of the respective supply contracts
between the parties.
Rio de Janeiro, September 17, 2007.
For further information:
For further information: MMX - Investor Relations Elizabeth Cruz, 55 21
2555-5634 or Gina Pinto, 55 21 2555-5558 email@example.com www.mmx.com.br/ri