DOCSLIB.ORG

Mubadala to Invest $2 Billion in Eike Batista's EBX Group As Part Of

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Mubadala to Invest $2 Billion in Eike Batista's EBX Group As Part Of Mubadala to invest $2 billion in Eike Batista’s EBX Group as part of strategic partnership 26 March 2012 – Mubadala Development Company (Mubadala), the Abu Dhabi-based strategic investment and development company, and Mr. Eike Batista, the founder of EBX Group (“EBX”) of Brazil, today announced the signing of a strategic partnership agreement. Under the terms of the agreement Mubadala will make a US$2 billion primary investment in exchange for a 5.63% preferred equity interest in Centennial Asset Brazilian Equity Fund LLC and other offshore holding companies of Mr. Batista. The proceeds of Mubadala’s investment will be used to reinforce the group’s already strong capital structure so as to help fund new enterprises across multiple business areas including recently announced partnerships by EBX. Mubadala’s investment is structured as a preferred equity security that gives it, in addition to certain rights and protections consistent with a minority investment of this size, a 5.63% economic interest in EBX including an indirect interest in both its publicly listed holdings, OGX, OSX, MMX, LLX, MPX and core privately-held assets such as AUX, REX and IMX. The agreement also gives Mubadala participation in both EBX and Mr. Batista’s pipeline of future investment opportunities, such as technology companies, cement, fertilizers, entertainment and others. In addition, the partnership creates a platform and framework for further collaboration between the two organizations in areas of mutual interest. Khaldoon Khalifa Al Mubarak, Mubadala CEO and Managing Director, said: “Partnering with world-class companies is a key element of our investment and development strategy and we are proud to announce this partnership with Eike and EBX, one of Brazil’s and the world’s leading and most dynamic groups. This well-structured transaction marks our first significant direct investment into one of the fastest growing markets and is an important step in Mubadala’s development of strategic opportunities in Brazil and Latin America. We are confident that this partnership will pave the way for future collaboration.” Mr. Batista, founder and controlling shareholder of EBX, said: “We are delighted to welcome Mubadala to Brazil through this landmark transaction, Mubadala’s first significant direct investment into Brazil. This is the first time we have invited a strategic partner to invest at our holding company level. The investment considerably strengthens the entire group and its ability to successfully implement current and future projects. Mubadala, after conducting thorough due diligence of our companies recognizes the great potential of our Latin American assets. We are very proud to welcome our new partner and believe that this transaction strengthens the relationship not only between our two groups, but also our two countries.” LEGAL NOTICE: The strategic partnership constitutes a minority investment by Mubadala in Centennial Asset Brazilian Equity Fund with no changes to the control, management or day-to- day activities of Mr. Eike Batista’s publicly listed vehicles: OGX, OSX, MMX, LLX and MPX. About Mubadala Development Company Mubadala Development Company (Mubadala) is a catalyst for the economic diversification of Abu Dhabi. Established and owned by the Government of Abu Dhabi, the company’s strategy is built on the creation of partnerships and on long-term investments that deliver strong financial returns and tangible social benefits for the Emirate of Abu Dhabi and that contribute to the growth and diversification of its economy. Mubadala brings together and manages a multi-billion dollar portfolio of local, regional and international investments and partners with leading global organizations to operate businesses across a wide range of industry sectors. These include semiconductor technology, aerospace, energy, healthcare, information communications and technology, infrastructure, real estate and hospitality, and services ventures. For more information about Mubadala please visit http://www.mubadala.ae. About EBX Group EBX is made up of five publicly traded companies listed on the BM&FBOVESPA Novo Mercado, the segment with the highest levels of corporate governance: OGX (oil & gas), MPX (energy), LLX (logistics), MMX (iron-ore mining) and OSX (offshore naval industry). EBX is investing US$ 15.5 billion in investments between 2011 and 2012 in Brazil, generating 20,000 jobs. In the next 10 years, EBX will invest US$ 50 billion in the country. The Brazilian business group develops structured projects, focused on state-of-the-art technology and the generation of wealth starting from scratch. EBX mainly invests in infrastructure and natural resources sectors. It also heads up initiatives in the real estate, technology, entertainment and sports sectors. It seeks to overcome inefficiencies in the country and strives to eliminate bottlenecks and stimulate the growth of the Brazilian economy. With headquarters in Rio de Janeiro and activities in nine Brazilian states, EBX maintains offices in New York (USA), Colombia and Chile. For more information about EBX please visit http://www.ebx.com.br. For media enquiries, please contact: Grupo EBX Andréa Pereira – EBX Communications 55 21 2555-7170 [email protected] Nilson Brandão – EBX Communications 55 21 2555-7170 [email protected] Maria Fernanda de Freitas – EBX Comunications 55 21 2555-1826 [email protected] Ellen Barry – Teneo Strategy (New York) 212.886.1620 917.536.8298 [email protected] Mubadala Development Company Ben Craddock - Mubadala Communications +971 5095 32304 [email protected] Simon Moyse - RLM Finsbury (UAE) +971 5015 05869 [email protected] Steven Goldberg - RLM Finsbury (New York) +1 646 805 2027 +1 917 375 5537 [email protected] .
Load more

Recommended publications
  • Introdução Environmental Prognosis
    RIMA 345 kV Transmission Lines Porto of Açu – Campos INTRODUCTION INTRODUCTION ............................................................... 4 Find out what are the main characteristics of the Transmission Line ABOUT THE PROJECT .................................................... 7 Understand the construction and operation of the Transmission Line ENVIRONMENTAL DIAGNOSIS ....................................... 14 Survey of information on physical resources (soils, rocks, relief, rivers, climate), biotic (Fauna and Flora) and socioeconomic (population, culture, infrastructure and economy) ENVIRONMENTAL CHANGES ......................................... 40 Assessment of the environmental impacts that may occur in different media ENVIRONMENTAL MANAGEMENT ACTIONS ................. 49 Measures that will minimize negative impacts and enhance positive impacts ENVIRONMENTAL PROGNOSIS ..................................... 54 Future scenarios for the physical, biotic and socioeconomic environments, considering the implementation or not of the enterprise. CONCLUSIONS ................................................................ 58 Retrieval of the main points presented in the RIMA and conclusion on the viability of the Transmission Line GLOSSARY ....................................................................... 59 Explanation of some of the terms used in the RIMA TECHNICAL TEAM ........................................................... 64 Professionals involved in the preparation of the EIA / RIMA ENVIRONMENTAL IMPACT REPORT 345 kV Transmission
    [Show full text]
  • Mining in Brazil Plenty of Room to Grow
    Mining in Brazil Plenty of room to grow. TABLE OF CONTENTS Brazil: an overview............................................p80 This report was researched and prepared by Global Producing in Brazil...........................................p84 Business Reports (www.gbreports.com) for Engineering Services..................................................p93 & Mining Journal. Minas Gerais....................................................p97 Editorial researched and written by Ana-Maria Miclea, Clotilde Bonetto Gandolfi, Razvan Isac and Nathan Allen. For more details, please contact info@gbreports. Cover photo courtesy of Votorantim. A REPORT BY GBR FOR E&MJ SEPTEMBER 2013 MINING IN BRAZIL Brazil: an Overview On a slow track but boasting tremendous potential Brazil is home to roughly 9,000 mining money into a jurisdiction that could not offer of independence and autonomy that such companies and a mineral production which clear rules of play. an entity would possess, some commenta- was valued at $51 billion in 2012, a slight As expected, the code addresses three tors point to the success of the National Pe- decrease of 3% compared to 2011. None- main issues: royalties, the concessions sys- troleum Agency, set up in 1997 to regulate theless, the country’s mining industry has tem, and the establishment of a new inde- Brazil’s burgeoning oil and gas industry as a had an impressive run in recent years, more pendent mining agency, the National Mining positive sign. than doubling its output since 2009 and Agency (ANM). But it does not offer an in- One element that is conspicuous by its ab- recording a positive trade balance of $29.5 stant solution to all the industry’s woes. On sence in the new code is any modification to billion last year.
    [Show full text]
  • Email [email protected]
    L. FELIPE MONTEIRO INSEAD Europe Campus Boulevard de Constance, Fontainebleau, 77305, France Phone + 33(0)1 60 72 48 87 (Office) Email [email protected] http://faculty.insead.edu/felipe-monteiro/home http://www.linkedin.com/in/felipemonteiro ________________________________________________________________________________________ Academic Employment History INSEAD Senior Affiliate Professor of Strategy, May 2019-present Academic Director, Global Talent Competitiveness Index (GTCI), 2018-present Affiliate Professor of Strategy, 2016-April 2019 Assistant Professor of Strategy, 2012-2016 University of Pennsylvania, The Wharton School Senior Fellow, Mack Institute for Innovation Management, 2013-present Assistant Professor of Management, 2008 –2012 London School of Economics and Political Science (LSE) Fellow, Department of Management, 2006-2007 Harvard University, Graduate School of Business Administration (HBS) Senior Researcher and Case Writer, Latin America Research Center, 2000-2002 Education London Business School (LBS), University of London Ph.D. in Strategic and International Management, 2008 London Business School (LBS), University of London M.Res. (Master of Research) in Business and Management, 2005 COPPEAD, Graduate School of Business Administration, Federal University of Rio de Janeiro (UFRJ) M.Sc. in Business Administration, 2000 Exchange MBA student, Anderson School, University of California at Los Angeles (UCLA) Faculdade Nacional de Direito, Law School, Federal University of Rio de Janeiro (UFRJ) LL.B – Bachelor of Laws (JD equivalent), cum laude, 1995 Research and Teaching Interests Global knowledge sourcing, multinational management, knowledge sharing processes, global innovation management, emerging markets multinationals, field research methods 1 Publications A. Articles Published in Referred Journals [1] Decreton, B, Monteiro, LF, Frangos, J.M., and Friedman, L. 2021. Innovation outposts in entrepreneurial ecosystems: Why so many of them fail to be effective brokers and how to make them more successful.
    [Show full text]
  • Brazil Institute Annual Report 2009-2010
    Brazil Institute Annual Report 09–10 Contents 1 Leadership and Vision Message from the President of the Wilson Center 1 Message from the Chair of the Advisory Council 1 Message from the Director of the Institute 2 Staff 3 Scholars 3 Advisory Council 3 4 Woodrow Wilson Awards Woodrow Wilson Awards 2009 4 Brazil Institute Mourns the Death of Dr. Zilda Arns 5 7 Major Initiatives WWICS-USAID/LAC Project: Latin America and the Caribbean’s Future — Critical Thinking for a Changing Environment 7 Outreach 8 Social Media 8 9 Publications and Events 28 Wilson International Center for Scholars Mission Statement 28 Wilson Center Board of Directors 29 Leadership and Vision | 1 Leadership and Vision A Message from our new President and Director of the Wilson Center Jane Harman Established in 2006, the Brazil Institute is part of the great legacy I inherited from my predecessor, the Honorable Lee Hamilton, when I became president of this institution. The Wilson Center honors the memory of Woodrow Wilson by bridging his two pas- sions — scholarship and policy. At the center, we bring together the thinkers and do- ers — policymakers, scholars and business leaders — in the hope that a frank and open dialogue will lead to better understanding, cooperation and public policy. During my two decades as a Member of Congress, I traveled several times to Brazil to examine shared interests between our two countries like energy security, climate change and international security cooperation. The Brazil Institute provides a sophisticated understanding of these issues, and the prospects of the bilateral relationship on the eve of President Obama’s trip to Brasilia and Rio was the topic of the first discussion I attended, the day before becoming President here.
    [Show full text]
  • Feasibility Study on Transport of Iron Ore Using the Paraguay-Paraná River System
    Feasibility Study On Transport of Iron Ore Using The Paraguay-Paraná River System Multidisciplinary Project - CIE4061-096 January 2017 Pieter de Wet 4155424 Louise Remmelts 4158946 Féline Mollerus 4231295 Bram ter Meulen 4255054 Preface As a part of the master programme of TU Delft, students have the opportunity to do a Multidisciplinary Project. During such a project a group of students integrate multiple studies and skill sets developed in prior years into one comprehensible research. We, Pieter de Wet (Offshore Engineering), Bram ter Meulen (Sustainable Energy Technology), Louise Remmelts (Architecture and premaster Transport Infrastructure and Logistics) and Féline Mollerus (Biomedical Engineering), took this opportunity and organized a Multidisciplinary Research Study in cooperation with the faculty of Port Engineering of the University of Buenos Aires, which has an agreement with the TU Delft to facilitate such projects. We would do an investigation on the feasibility of exploiting iron ore deposits far inland in Bolivia and Brazil. Before the project started not everyone in our group knew each other very well but we had one thing in common, our international ambition. The reason we started an international multidisciplinary project was because we all were excited to have an international experience to broaden our horizon. We were all very excited about Buenos Aires and the project description was very interesting as well. We would like to thank the people who have helped us uring our project. Firstly we would like to thank Henk-Jan Verhagen, who helped us finding the project and getting in touch with the people from Hidrovia S.A. and the University of Buenos Aires.
    [Show full text]
  • Iron Ore Exploitation in Conceição Do Mato Dentro (MG) Has Social and Environmental Impacts
    Iron ore exploitation in Conceição do Mato Dentro (MG) has social and environmental impacts DATE SUMMARY 03/11/2011 Conceição do Mato Dentro lives the DISTRICT dilemma between preserving its cultural MG - Conceição do Mato and tourist vocation and the mining Dentro activity. The reason for this is a new mineral project, the Minas-Rio System, LATITUDE which is already under implementation - by Anglo American, with capacity to produce 26.5 million tons/year of iron LONGITUDE - ore, from the second half of 2013, when it comes into operation. CASE DESCRIPTION The municipality of Conceição do Mato Dentro (MG) is located in the middle of Serra do Espinhaço, 168 km of Belo Horizonte, and near the Serra do Cipó National Park The reason for the dilemma is the Minas-Rio System, under (PORTAL CMD, 2010). With 1,726,829 km2 and a population implementation in the region. The system was initially of 17,908 inhabitants (IBGE, 2010), the municipality has a designed by MMX Mineração e Metálicos, of the EBX Group, historic heritage dating back to the 18th century, high and is being run by the South African Group Anglo American, biodiversity, natural riches, such as the Tabuleiro Waterfall - which bought the business in 2008 (FURBINO, 2010) and the second highest waterfall in Brazil – as well as cultural created Anglo Ferrous Brazil to implement it (KATTAH; diversity, being considered the ‘Capital of Ecotourism” MASSOTE, 2009). Total investments in the project revolve (PORTAL CMD, 2010). around US$ 7 billion (MAPA DA INJUSTIÇA AMBIENTAL E The city is divided between the preservation of its historical, SAÚDE NO BRASIL, 2009).
    [Show full text]
  • EBX Group Consolidates Overseas Presence
    EBX Group Consolidates Overseas Presence OGX PETRÓLEO E GÁS PARTICIPAÇÕES S.A. CNPJ/MF: 07.957.093/0001-96 Public Held Company BOVESPA: OGXP3 Notice to the Market EBX GROUP CONSOLIDATES OVERSEAS PRESENCE • Eike Batista’s Group creates EBX International, to be based in New York. • Peter Nathanial appointed as the President of EBX International and to be supported by Marcello Horcades Coutinho as director. • Expansion is aimed at achieving a closer relationship with financial and strategic investors in the United States, Europe, Asia and the Middle East. Eike Batista’s EBX Group is consolidating its overseas presence through the creation of EBX International and the opening of an office in New York. As a result of this international expansion, the group — which is headquartered in Rio de Janeiro and has operations in nine states in Brazil — will intensify relationships with investors located in the United States, Europe, Asia and the Middle East while also enhancing its ability to prospect for new business opportunities. EBX International will be headed up by business executive Peter Nathanial, who will be based in New York, and will be supported by another executive, Marcello Horcades Coutinho, as company director. Recently hired by the group, Mr. Nathanial was a partner of Impala Partners and from 2007 to 2009 was the Chief Risk Officer and member of the Executive Committee of RBS - The Royal Bank of Scotland Group – based in Edinburgh. Prior to this, he spent sixteen years with Citigroup in international business management roles based in Zurich, London, Moscow, Warsaw and New York. Mr. Nathanial was independent Board member of MMX, the group’s mining company, from April, 2006 until today.
    [Show full text]
  • Education Academic Employment History R
    L. FELIPE MONTEIRO INSEAD Europe Campus Boulevard de Constance, Fontainebleau, 77305, France Phone + 33(0)1 60 72 48 87 (Office) Email [email protected] http://faculty.insead.edu/felipe-monteiro/home http://www.linkedin.com/in/felipemonteiro ________________________________________________________________________________________ Education London Business School (LBS), University of London Ph.D. in Strategic and International Management, 2008 London Business School (LBS), University of London M.Res. (Master of Research) in Business and Management, 2005 COPPEAD, Graduate School of Business Administration, Federal University of Rio de Janeiro (UFRJ) M.Sc. in Business Administration, 2000 Exchange MBA student, Anderson School, University of California at Los Angeles (UCLA) Faculdade Nacional de Direito, Law School, Federal University of Rio de Janeiro (UFRJ) LL.B – Bachelor of Laws (JD equivalent), cum laude, 1995 Academic Employment History INSEAD Senior Affiliate Professor of Strategy, May 2019-present Academic Director, Global Talent Competitiveness Index (GTCI), 2018-present Affiliate Professor of Strategy, 2016-April 2019 Assistant Professor of Strategy, 2012-2016 University of Pennsylvania, The Wharton School Senior Fellow, Mack Institute for Innovation Management, 2013-present Assistant Professor of Management, 2008 –2012 London School of Economics and Political Science (LSE) Fellow, Department of Management, 2006-2007 Harvard University, Graduate School of Business Administration (HBS) Senior Researcher and Case Writer, Latin
    [Show full text]
  • Press Release ABB Wins Contract for Its First Gearless Mill Drive System in Iron Ore Processing
    Press Release ABB wins contract for its first gearless mill drive system in iron ore processing Two 23 megawatt gearless mill drive systems enable grinding optimization, energy and cost savings at Serra Azul mine, Brazil. Baden, Switzerland, December 7, 2011 – ABB, the leading power and automation technology group, was recently contracted to supply gearless mill drive (GMD) systems for two 38-foot semiautogenous grinding (SAG) mills at the Serra Azul iron ore mine in Brazil. The Serra Azul mine unit, owned by MMX Mineração e Metálicos, an EBX Group company, is located in the iron quadrangle of Minas Gerais, next to Belo Horizonte - the heart of the Brazilian mining state. The Tico-Tico and Ipê mines form this unit with a current production capacity of 8.7 million tons of iron ore per year. ABB’s scope of supply includes two GMD systems for 38-foot 23 megawatt SAG mills comprising transformers, ring motors and complete containerized electrical houses (e-houses). The variable speed drive solution allows for optimization of the grinding processes for ores with varying properties and different mill loads. The GMD eliminates the need of critical high maintenance mechanical equipment such as gearbox, ring gear and pinion. It enables operational optimization, energy and costs savings, high system efficiency and availability while reducing maintenance needs at the same time. This order is ABB’s first GMD reference in iron ore processing. ABB’s strong presence in Latin America and its state-of-the-art grinding solutions helped to secure the contract. The Serra Azul order will be ABB’s seventh installed unit in Brazil and the 48th in Latin America.
    [Show full text]
  • Biodiversity-And-Ecosystem-Services-Brazilian-Business-Experiences-2012 En.Pdf
    Credits CEBDS - Brazilian Business Council for Sustainable Development Av. das Américas, 1.155 – grupo 208, 22631-000, Rio de Janeiro, RJ, Brazil Phone: +55 (21) 2483.2250, e-mail: [email protected], site: www.cebds.org Content and editors PADMA Environmental Consulting Phone: +55 (21) 3437-3238, e-mail: [email protected], website: www.apadma.com General Coordination CEBDS - Brazilian Business Council for Sustainable Development Translation AT Tradução e Interpretação Design I Graicci Comunicação e Design Printed by Grafito Gráica e Editora Circulation 1000 copies Photography Image bank SXC The other images were provided by the companies whose cases appear in this publication. Sponsors: 5 06 Overview 09 Message from the President 10 Introduction 13 What is CEBDS? 14 What is CTBio? 14 CTBio’s Work Plan Summary 15 Ecosystem Services and the Business Sector 15 Companies and sectors 15 Discussing and integrating the issue into business strategies 16 Ecosystem services relevant to business 16 Company likelihood of exposure to risks and opportunities 17 Assessment of the relationship between business and ES 17 Companies’ initiatives for the conservation of ES 18 Barriers to carrying out ES assessments 18 Reasons to include ES into business 19 Public policies and ES 20 Tools to assess Ecosystem Services 22 Case studies 39 Conclusion 41 Recommendations 42 References 6 CEBDS Brazilian Business Council for Sustainable Development – Overview 77 Companies’ capacity to include biodiversity the relationship between productive practices, and ecosystem services in business strategies is dependence, and impact on ecosystems, as well increasingly important given the evolving debate as on possible risks and opportunities associ- and regulations on these topics in corporate ated with including biodiversity and ecosystem social environmental management.
    [Show full text]
  • The Agrovision New Brasil 2020 Promotion Project
    THE AGROVISION BUSINESS CONSULTING - Government, Diplomatic, Companies, Environmental Advising and Audits; Laws; Taxation; Finance; Establishment and Implementation of Holding; Due Dilligences; Business Plan; F&AS; Competitive Intelligence Plans, Selection, Implemen tation and Monitoring of Direct Investments, external or internal, in Partnership in Agribusiness, Mining, Forestry, Energy, Biofuels, Construction and Infrastructure; RSDP/CIDP. (Brasilia-BRAZIL) “The Agrovision New Brazil 2020 Project” “COMPLETE DIAGNOSTIC, TENDRES AND BETTER OPPORTUNITIES FOR INVESTMENTS DIRECT OR PARTNERSHIPS IN GOOD BUSINESS PRODUCTION AND/OR PROCESSING OF MINERALS, FOODS, BIOFUELS, TIMBER, CRAFTS, ESSENCES, MEDICINAL PLANTS.. CONSTRUCTIONS ETC.. IN NORTH CENTRAL AND NORTHEAST REGIONS FOR FAST EXPORTS AND / OR CONSUMPTION IN LATIN AMERICA (after the full access to the Pacific, via Peru or Bolivia / Chile, or much more deep, efficient, cheap and quick Ports in the Atlantic; more sufficient and cheap energy and self-sufficiency in cheap fertilizers/fuels and mainly fast conclusions of new Railways, Waterways, Ports and other works under fast implementation between 2005 and 2019“) (Note: This diagnosis is self-explanatory, but it requires reading programmed, time- consuming - minimum 3 hours - and quite analytical. In the beginning, there is a RESUME in the form of presentation and in the end is the descriptive overview and updates until 2012) Prof. MB Cezar Clímaco AGROVISION – Brasília (DF) December 2012 Brazilian Grains, Foods, Timbers & Bioenergies Flows
    [Show full text]
  • Hereby Inform Their Shareholders and the Market in General That
    MMX MINERAÇÃO E LLX LOGÍSTICA S.A. METÁLICOS S.A. Publicly Held Company Publicly Held Company CNPJ/MF 02.762.115/0001-49 CNPJ/MF 08.741.499/0001-08 NIRE 33.3.0026111-7 NIRE 33.3.0028154-1 CENTENNIAL ASSET PARTICIPAÇÕES SUDESTE S.A. Publicly Held Company CNPJ/MF 10.846.981/0001-46 NIRE 33.3.0029023-1 MATERIAL FACT NOTICE MMX Mineração e Metálicos S.A. ("MMX "), LLX Logística S.A. ("LLX ") and Centennial Asset Participações Sudeste S.A. (“Centennial ”, jointly with MMX and LLX, the “Companies ”), in compliance with article 157, paragraph 4th, of the Brazilian Federal Law No. 6,404 of 15 December 1976, as amended (“Brazilian Corporations Law ”), and CVM Instruction ( Instrução CVM ) No. 358 of 3 January 2002, as amended, hereby inform their shareholders and the market in general that: The Companies and their controlling shareholder have entered into a preliminary agreement (“Preliminary Agreement ”) with SK Networks Co., Ltd. (“SK Networks ” and together with the Companies the “Parties ”) establishing the main terms and conditions of a transaction (the “Transaction ”) pursuant to which, subject to the appropriate Board, shareholder and other approvals (if any) of the Parties and the Parties agreeing on the definitive Transaction documentation: (i) SK Networks will purchase from MMX newly-issued common shares of MMX in an amount equal to US$700 million at a per-share price of R$13.963; (ii) MMX will make a voluntary exchange offer to purchase from LLX shareholders and Centennial a 100% interest in the LLX Sudeste Port for, approximately, US$2.3billion, as detailed below; and (iii) SK Networks and MMX will enter into iron-ore offtake arrangements with respect to the production of the MMX Sudeste mines and MMX Chile mines.
    [Show full text]