MMX Mineração e Metálicos S.A. Public Announcement
| Source: MMX Mineracao e Metalicos S.A.
RIO DE JANEIRO, BRAZIL--(Marketwire - July 11, 2008) - MMX Mineração e Metálicos S.A.
(BOVESPA: MMXM3) ("MMX" or the "Company"), pursuant to article 157 §4o of
Law 6404/76, and CVM Instruction No. 358/02, and by OFÍCIO/CVM/SEP/GEA-2/N
degrees156/08 and OFÍCIO/CVM/SEP/GEA-2/N degrees158/08, hereby makes the
following announcement in response to the press articles circulated this
Friday concerning certain actions perpetrated by the Federal Police, on
behalf of its subsidiary MMX Amapá Mineração Ltda. ("MMX Amapa"), a company
of the EBX Group that concentrates the group's investment in the State of
Amapa:
1. The Federal Police visited MMX Amapa's premises in the State of Amapa
and its headquarters in Rio de Janeiro this morning to carry out a search
warrant issued by the Federal Court of the State of Amapa to obtain
documents and information concerning an investigation over alleged offenses
in the public auction for the concession of the Amapa Railway, which is
part of the MMX Amapa System.
2. MMX Amapa denies all allegations concerning any transgression or offence
regarding the aforesaid public tender that resulted in the granting by the
local State Government of a concession for MMX Amapa to operate the Amapa
Railway.
3. The Federal Police also credits MMX Amapa with the alleged offence of
smuggling "gold mined in its mines in the State." MMX Amapa does not carry
out any gold mining activity in the State of Amapa or in other region of
the country and is not involve in any smuggling activity.
4. Before today's actions, MMX Amapa, having heard rumors concerning a
federal investigation, made itself available to the local authorities for
the purposes of providing information and cooperating with any ongoing
investigations.
5. Subsequently, having learned of the Federal Court of Amapa's decision,
MMX Amapa filed an appeal before the 1st Federal Circuit Court in Brasilia
to obtain access to all investigation materials concerning the company.
The Circuit Court ruled in favor of MMX Amapa's appeal, and the company is
awaiting disclosure of the information by the local Federal Court.
6. MMX Amapa clarifies that there are no imprisonment orders or criminal
charges against its executives or against any executive or employee of any
other company belonging to the EBX Group.
7. The EBX Group hereby emphasizes its absolute intention to cooperate with
any legal investigation regarding its businesses, and reaffirms the
absolute transparent and legal way with which it has conducted its business
in the state of Amapa, and anywhere else.
8. MMX Amapa further declares that it will employ all legal means to defend
its assets and projects and the interest of its shareholders, who have
proved to be true believers of the organization know as the EBX Group.
For more information, please contact ri@mmx.com.br