Minas-Rio Impairment Considerations and Project Delivery

PROJECT OVERVIEW CONCEIÇÃO DO MATO DENTRO Mine and Beneficiation (Minas Gerais) SANTO ANTÔNIO DO GRAMA MG Pipeline 525 km TOMBOS RJ Port (RJ) AÇU 5.8b Resources US$c.30/t 26.5 Mtpa initially 68% Fe Cash cost (FOB) Up to 90 Mtpa in expansion Pellet feed 7

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