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Investor Presentaiton

WHY BRAZIL • Brazil has a very supportive economic environment. A stable political system and security of tenure on mineral licences. Brazil is in the top 5 producers in the world of primary products and commodities. Economy growing at 7.5% per annum. Real has appreciated some 14% against the USD this year. There is a very significant and growing level of foreign investment in the Brazilian mineral sector including investments in iron ore, gold, nickel, bauxite and oil & gas. Global funds are flowing into Brazil at a staggering pace. The national oil company, Petrobras, recently raised over $70 billion in record time. Brazil has sophisticated banking and finance systems. It also has good communications and a fast growing system of road, shipping and rail infrastructure. MINAS NORTE MINERACAO LTDA 3
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