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CSN and CSN Mining Made an Agreement to Transfer All Rights for the Purchase of Chapecó Energy Company
The agreement made by CSN and CSN Mining was made at the beginning of this month of July, in partnership with CSN Energy, the Astra Infrastructure fund, and BMPI, for the amount of R$ 427.5 million.
With this, CSN Mining will assume CSN’s contract position for the acquisition of the Chapecó energy company. Both the mentioned assignment and transfer will require the necessary corporate approvals for such transfer.
The Purchase of the Chapecó Energy Company by CSN Mining 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 Mining’s business expansion strategy through investments in renewable energy and self-production of energy for greater competitiveness, the company stated.
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The latest procedures carried out by the companies, which already consider CSN Mining as the buyer of the Chapecó energy company, remain subject, among other suspensive conditions, to approval by competitive and regulatory government authorities.
About CSN Mining
CSN Mining S.A. is the second-largest iron ore exporter in Brazil and is among the five most competitive companies in the transoceanic market; therefore, the company planned the acquisition of the energy company in Chapecó to further increase its market competitiveness.
With all its certified reserves, the company holds among its assets the Casa de Pedra and Engenho mines, the Pires beneficiation complex, has a stake in the MRS railway, and a captive terminal for iron ore export at the Port of Itaguaí (TECAR).
Its integrated operation and high-value assets allow CSN Mining to be one of the most efficient mining companies in the sector, with a prominent position in cost and quality.
The company was consolidated in 2015 from the merging of CSN’s and Namisa’s mining assets, being divided between CSN (87.52%) and a consortium made up of major Asian steelmakers (12.48%).
CSN Mining showed excellent operational results in 2020, completing its initial public offering (IPO) on B3 on February 18, ranking among the 10 largest IPOs in the history of the Brazilian stock exchange by volume.
Sustainability of CSN Mining
The CSN Mining Sustainability Policy outlines numerous practices aligned with Corporate Policies on Health, Safety at Work, and the Environment.
The material designates some conduct criteria that strengthen the commitment of employees and third-party companies to workplace safety performance, environmental performance, and the quality of the company.
Casa de Pedra Mine, One of the CSN Mining Assets, Is One of the Oldest Miners in Brazil
The oldest iron mining operation 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 processed at the Central Plant or at Mobile Plants, which are located near the extraction areas.
The miner currently has a production capacity of 30 million tons per year of iron ore. The products resulting from the beneficiation process are: granulated, sinter feed, and pellet feed.
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