RIO DE JANEIRO, BRAZIL--(Marketwire - May 13, 2010) - MPX Energia S.A. (BOVESPA: MPXE3) (GDR I: MPXEY), an EBX Group company that invests in integrated systems including the exploration and commercialization of natural resources, logistics, as well as the generation and commercialization of electric energy, today releases its results for the first quarter of 2010 and updates shareholders on the progress of its projects.
- MPX releases MPX Colombia's Business Plan with 1.7 billion in potential coal resources and a 20 Mty integrated mining system
- ANP approves transfer of 7 onshore blocks in Parnaiba Basin to SPE in which MPX holds a 33.3% stake
- MPX files Environmental Impact Assessment to develop up to 1,863 MW in the Parnaíba Basin
Quarter Highlights and Subsequent Events:
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In April 2010, The Brazilian Petroleum, Natural Gas and Biofuels Agency (ANP) approved the transfer of 70% of the rights and obligations related to 7 exploratory onshore blocks in the Parnaíba Basin held by OGX Petróleo e Gás S.A. to OGX Maranhão Petróleo e Gás Ltda., a special purpose entity in which MPX holds 33.3%.
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In 1Q10, MPX has filed the Environmental Impact Assessment (EIA/RIMA) for the MPX Parnaíba power generation system, constituted by gas-fired plants that may add up to 1,863 MW. The land acquired for the construction of the system is strategically located at 50 km from a 500 kV substation and 30 km from water supply.
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In March 2010, MPX released MPX Colombia's Business Plan. The MPX Colombia system will have 3 open-pit mines as well as underground mining, and also integrated railroad and and port to export coal production.
Earnings Release 1Q10: http://mpx.infoinvest.com.br/enu/982/20101TReleasedeResultadoseng.pdf
Contact Information:
MPX Contacts
Investor Relations:
Flavia Heller
+55 21 2555-4244
Maurício Tabet
+55 21 2555-4241
ri.mpx@mpx.com.br
www.mpx.com.br/ri
Press Relations:
Roberto Gonzales
+55 21 2555-4695 / +55 21 8011-0101