CSN and CSN Mineração entered into an agreement for the transfer of all rights for the purchase of Companhia de Energia de Chapecó

The agreement made by CSN and CSN Mining was carried out at the beginning of the current month of July, in partnership with CSN Energia, the Astra Infraestrutura fund and BMPI, in the amount of R$ 427,5 million.

As a result, CSN Mineração will assume CSN's position in the contract for the acquisition of the energy company in Chapecó. Both the aforementioned assignment and transfer will have the corporate approvals required for such transfer.

The purchase of the Chapecó energy company by CSN Mineração aims to expand the mining company's business

The purchase by CSN's mining division of the Quebra-Queixo power plant, with an installed capacity of 120MW, aims to support and also strengthen CSN's business expansion strategy through investments in renewable energy and self-production of energy for greater competitiveness, the company declared.

The last procedures carried out by the companies, which already consider the CSN Mineração as buyer of the Chapecó energy company, remain subject, among other suspensive conditions, to approval by government competition and regulatory authorities.

About CSN Mineração

CSN Mineração SA is the second largest iron ore exporter in Brazil and is among the five most competitive companies in the transoceanic market. the energy Chapecó, to further increase market competitiveness.

With all its reserves certified, the company has among its assets the mines of Casa de Pedra and Engenho, the Pires beneficiation complex, it has a stake in the MRS railroad and a captive terminal for exporting iron ore at the Port of Itaguaí (TECAR ).

Its integrated operation and its high-value assets make CSN Mineração one of the most efficient mining companies in the sector, with a leading position in terms of cost and quality.

The company was consolidated in 2015 from the merger of the mining assets of CSN and Namisa, being divided between CSN (87,52%) and a consortium composed of large Asian steel companies (12,48%).

CSN Mineração showed excellent operating results in 2020, concluding its initial public offering (IPO) on B18 on February 3, ranking among the 10 largest IPOs in the history of the Brazilian stock exchange in terms of volume.

Sustainability at CSN Mineração

CSN Mineração's Sustainability Policy determines numerous practices aligned with the Corporate Health, Workplace Safety and Environment Policies.

The material designates some conduct criteria that strengthen the commitment of employees and outsourced companies with the performance of work safety, environment and company quality.

Casa de Pedra Mine, one of the assets of CSN Mineração, is one of the oldest mining companies in Brazil

The oldest operating iron ore mining company in Brazil, Casa de Pedra has over 6 billion tons in resources and 3 billion tons in reserves.

The ore from Casa de Pedra is mined in four bodies and goes on to be processed in the Central Plant or in the Mobile Plants, which are located close to the extraction areas.

The mining company currently has a production capacity of 30 million tons of iron ore per year. The products resulting from the beneficiation process are: granulated, sinter feed and pellet feed.