| CSN issues new iron ore reserve certification report for the Casa de Pedra and Engenho mines | |
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Investor Relations - News
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Material Fact
CSN issues new iron ore reserve certification report for the Casa de Pedra and Engenho minesounces 4Q15 Results
São Paulo, March 11, 2015 - COMPANHIA SIDERÚRGICA NACIONAL (BOVESPA: CSNA3; NYSE: SID) hereby informs its shareholders and the public in general that, on this date, the Board of Directors acknowledged and received the new certification report of the iron ore reserves of Casa de Pedra and Engenho mines ("Report").
The Report was prepared by Snowden do Brasil Consultoria Ltda. in accordance with the methodology adopted by the Australasian Code for Reporting of Exploration Results, Mineral Resource and Ore Reserves pursuant to JORC Code 2012 and industry best practices. The Report certifies reserves of 3,021 million tons of iron ore, which represents an 85% increase in comparison to the amount certified in the last report prepared in April 2007 by Golder Associates.
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Companhia Siderurgica Nacional
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CODE : SID |
ISIN : US20440W1053 |
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Companhia Siderurgica is a development stage company based in Brazil. Companhia Siderurgica is listed in United States of America. Its market capitalisation is US$ 3.8 billions as of today (€ 3.6 billions). Its stock quote reached its lowest recent point on October 11, 2002 at US$ 0.70, and its highest recent level on December 01, 2006 at US$ 9.98. Companhia Siderurgica has 1 387 520 000 shares outstanding. |