CCX CARVÃO DA COLÔMBIA S.A. CNPJ/MF: 07.950.674/0001-04 NIRE: 33.300.278.443 (Companhia Aberta) COMUNICADO AO MERCADO REUNIÃO PÚBLICA COM ANALISTAS (CONFORME PREVISTO NO CALENDÁRIO ANUAL DE EVENTOS CORPORATIVOS)
CCX CARVÃO DA COLÔMBIA S.A. (BM&FBovespa: CCXC3) (“Companhia” ou “CCX”), em atendimento ao artigo 157, parágrafo 4º, da Lei nº 6.404/76, e na forma da Instrução da Comissão de Valores Mobiliários (“CVM”) nº 358/02, vem comunicar aos seus acionistas e ao mercado em geral que: 1.
Conforme previsto no Calendário Anual de Eventos Corporativos da Companhia, o qual foi devida e tempestivamente divulgado pela Companhia em consonância com a legislação aplicável, estava previsto para a data de hoje a realização da Reunião Pública com Analistas.
2.
A Companhia organizou-se para a realização do referido evento corporativo, tendo inclusive disponibilizado toda a logística e infraestrutura para a realização da Reunião Pública com Analistas na presente data, razão pela qual estiveram presente à sede da Companhia o seu Diretor Presidente e, ao mesmo tempo, Diretor de Relações com Investidores, bem como a equipe técnica e os advogados da Companhia para prestar esclarecimentos e informações eventualmente solicitadas.
3.
Entretanto, o evento não chegou a ser formalmente realizado, uma vez que nenhum investidor, analista de mercado ou outro interessado compareceram à Reunião Pública com Analistas.
4.
A despeito do não comparecimento de qualquer interessado ao evento corporativo pré-agendado e da sua consequente não realização, um breve resumo das informações que seriam apresentadas na reunião constitui o Anexo I a esta correspondência.
5.
A Companhia permanece à disposição de seus acionistas e do mercado em geral para eventuais esclarecimentos e informações sobre o tema.
CCX Carvão da Colômbia S.A. Gunnar Gonzalez Pimentel Diretor Presidente e Diretor de Relações com Investidores RI CCX: E-mail:
[email protected] / Website: www.ccx.com.co/ri
CCXC3 : CCX CARVÃO DA COLÔMBIA S.A ANNUAL PUBLIC MEETING
RIO DE JANEIRO – DECEMBER 2015
Company Highlights: Brazilian listed company at BM&FBovespa in the “Novo Mercado” (New Market) segment which represents the highest level of demand in terms of corporate governance. Market Cap of approximately R$60MM on Dec 28, 2015. Key executives: Gunnar Gonzalez Pimentel – CEO and IR Director Eike Fuhrken Batista – Director, President of the Board of Directors (Chairman) and Controlling Shareholder
Holds a large scale world class coal mining integrated project in Colombia sold under an APA in March/2014 which is currently subjected to an Arbitration on ICCB for termination claimed from the buyer (Yildirim).
Corporate Structure: Eike Fuhrken Batista
56,22%
Centennial Asset Mining Fund LLC
Centennial Asset Brazil Equity Fund LLC
3,96%
1,48% CCX Carvão da Colômbia S.A
100% CCX Brasil Participações S.A
100% CCX Áustria GmbH
100%
83,19%
CCX Vienna GmbH
16,81% CCX Colombia S.A.
Free Float
38,34%
Development: CCX is a company formed to focus on the development of an integrated coal mine, railway and port project in Colombia. Most of its assets are now under the APA signed with YCCX in March of 2014. The APA is currently subjected to an Arbitration procedure on ICCB started by YCCX on March this year, 2012 - 05 now claiming the termination of the contract from October of 2015.
2011
2014 2013
PIN and Port Spin Off CCX
APA signed with Yildirim
CCX San Juan CCX Projects recognized by Gov. Integrated Project, 43.101 for Cañaverales and CCXC3 listing at as PIN – National San Juan Papayal Interest Projects Novo Mercado 2010 - 01 Environmental concessions were BM&FBOVESPA Resol. From Permits sold to YCCX for Up to 30Mtpy ANI with ~ 62% EBX / 38% st USD 125 million 1 Business Pre-Feasibility guidelines for public float (USD 35 million Plan Environmental Study for Port Concession received and USD integrated mining License for 90 million NI 43-101 Acquisition of project Cañaverales 2008 subjected to Port Site (SJ) Independent fulfillment of some DAA Port (SJ) statement conditions Acquisition of for resources DAA Railway (SJ) st precedent 1 Mining 2,000 hectares and reserves for remaining) Papayal and Rights Natural deep Cañaverales Coal water port concessions acquired by MPX as an investment in an integrated Colombia was chosen due to its strategic location, quality and availability of coal and its mining friendly history and political environment. energy system
2010 - 04
2015
Conditions precedent of the APA achieved and Arbitration started by Yildirim On October 1st Yildirim claimed the termination of the APA. CCX disagreed. Arbitration changed. On September 30th CCX informed Yildirim that have satisfied all conditions precedent of the APA under his responsibility. On March CCX was informed that Yildirim was requesting an arbitrage to enforce the transfer of the assets under the APA. 2
Project Location: Project Location: La Guajira
Port Project
Cerrejon mine
CCX Project
Project in-flight picture:
Project Area
SAN JUAN RESOURCES – CCX Main Project (under the APA)
Measured Indicated Inferred
More than US$450Million invested since 2008 in the project for resources/reserve definition 6.2Bn ton resources, of which approx. 92% are Measured & Indicated (NI 43101 certified) High quality coal with little to nonimpurities
• Average 6,700kcal/kg • Sulphur < 0.50% 1,200 km´s of 3D High resolution seismic lines completed 50,000 meters of drilling completed
8
INTEGRATED INFRASTRUCTURE DEVELOPMENT(under the APA) Provides 100% control of market access Railroad
Best in class design by Worley-Parsons
–66,100 man-hours of engineering Naturally favorable conditions
–Total rail length: 150km –Flat route (200m grade over full distance) –Preliminary permits received –No environmentally sensitive terrain (e.g. no national parks)
–Adjacent to existing national road –Rights of way: easements and expropriation permitted pursuant to the Mining Code Expandable in the short term
INTEGRATED INFRASTRUCTURE DEVELOPMENT(under the APA) Provides 100% control of market access
Port
Best in class design by Worley-Parsons and Moffat & Nichol
–59,500 man-hours of engineering Land acquired and preliminary permits received (DAA) Port Concession already issued by Government of Colombia (October 2013) Overview
–Port capacity: 35Mtpa of coal, expandable in the near term
–360m double berth, each side with capacity to berth a Capesize vessel
–Natural deep water port
HIGH QUALITY THERMAL COAL AT LOW COST (under the APA) Quality compliance coal at low delivered cost
Global Thermal Coal Cash Costs (CIF China) (1) 2012E $/tonne
High energy content compliance coal with very low impurities CCX cash costs compare favorably globally on both an FOB and CIF China basis –No washing required First quartile cash costs Expansion of the Panama canal will reduce freight costs to China by $5 - $10 / tonne Thermal Coal kcal/kg
Ash% (As Received Basis)
S%
Benchmark (API2)
6,300
San Juan
6,289
6.8
0.5
Cañaverales
5,839
5.6
0.4
Papayal
6,764
9.6
1.1
Note 1.Energy content adjusted as per Wood Mackenzie
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