Memorandum of Understanding entered into with Copelmi for purchasing mining rights of the Seival...
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Transcript of Memorandum of Understanding entered into with Copelmi for purchasing mining rights of the Seival...
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8/11/2019 Memorandum of Understanding entered into with Copelmi for purchasing mining rights of the Seival Mine
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Memorandum of Understanding entered into with Copelmi for purchasing mining rights of the
Seival Mine
Rio de Janeiro, October 10, 2014 ENEVA S.A. ( ENEVA or Company ) (BM&FBOVESPA: ENEV3, GDR I:
ENEVY) informs its shareholders and the market in general that it has executed a Memorandum of
Understanding with Copelmi Minerao Ltda. ( Copelmi ) which, inter alia , provides for the capitalization
of Seival Sul Minerao Ltda. ("SSM") ( Transaction ), the leaseholder of the exploration rights of the
mineral coal deposits of the Seival Mine and of which both ENEVA and Copelmi hold a share of 70% and
30%, respectively. Subject to conditions precedent, the Transaction aims to purchase, on behalf of SSM, the
shares of the Companhia Nacional de Minerao Candiota (CNMC) , the current owner and lessor of themining rights of Seival Mine.
SSM capitalization will be funded solely by Copelmi. Upon completion of the Transaction, Copelmi and
ENEVA shall each hold, in the SSM, 70% and 30% of the shares, respectively.
Ownership of the mining rights shall allow to market the coal extracted from the Seival Mine, even to third
parties. Notwithstanding, the coal supply to the projects of Seival and Sul thermoelectric plants is still
guaranteed and will governed by the terms and conditions agreed in the contracts which will eventually be
signed.
The Company will keep its shareholders and the market informed on any relevant developments of this
notice to the Market.
Fabio BicudoCEO and Investor Relations Officer
ENEVA S.A.
ABOUT THE SEIVAL MINEThe Seival Mine, located in Candiota/RS, holds resources of more than 450 million tons of coal and, due to its location, stands as apotential and strategic supplier of coal to Sul and Seival thermoelectric plant projects, in which ENEVA currently holds direct andindirect shares amounting to 75%.ABOUT ENEVA
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8/11/2019 Memorandum of Understanding entered into with Copelmi for purchasing mining rights of the Seival Mine
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ENEVA is a power generation and trading company, with complementary businesses in natural gas exploration and production. TheCompany currently has approximately 2.4GW of gross installed capacity in operation and is building over 518MW of additionalcapacity, which places it among the largest private power generation companies in Brazil. ENEVA also owns an interest in naturalgas onshore blocks in the Parnaba Basin.
Investor Relations:Rodrigo Vilela+55 21 3721-3030 [email protected]
Press:
Carla Assemany +55 21 3721-3359 / +55 21 99953-7255Marina Duarte +55 21 3721-3373 / + 55 21 98132-0459
