The Year’s Highlights

Financial Capital

US$
2.4
billion
in net revenue.

Completion of the IPO process, with shares listed on the New York and Toronto stock exchanges, mobilizing total funding of
US$
570
million

US$
668
million
in adjusted EBITDA.

US$
700
million,
bond issue, maturing in 2027.

Manufacturing Capital

Approval of the Aripuanã FEL 2 (Front-End Loading) Project

Approval of the FEL 3
and authorization for execution of the Vazante dry waste disposal project

Progress to 90% of the shaft for the Vazante mine’s useful life extension project

US$
198
million
in asset investments (Capex)

6.3%
increase in copper production

Operations start-up for Ambrosia Sul, the first part of a project to expand the useful life of the Morro Agudo mine

US$
94
million
investment in mineral exploration and project development, which included US$ 8.47 million in R&D investments, with a focus on innovation

Human Capital

5,446
own employees.

Global structured Integration Plan

Improvement of the Peru Safety Plan

Valor Econômico newspaper’s Valor Executive Award 2017 given to CEO Tito Martins in the Mining and Metallurgy category

Intellectual Capital

Five startup projects – mapped by the Mining Lab program in the fields of renewable energy and nanotechnology applied to mining – are in the operational testing phase

In Valor Econômico newspaper’s ranking of the 150 most innovative enterprises, the company placed third among the five leading firms in the Basic industry and Metallurgy sector

To achieve operational efficiencies, a Competitiveness management area was established to collaborate on new project design and development

Social Capital

US$
14.6
million
invested in community-based projects, with 172 sponsored projects in 20 localities

More than
10
thousand
people benefited by social investments

Launch of the Somos Todos (All Together) corporate volunteers program, which saw
2,010
volunteer hours, benefitting more than
5 thousand
individuals

Progress achieved in third party management through the implementation of Contract Cells and processes to improve safety

Natural Capital

For the fourth consecutive year, the company was listed in Exame magazine’s Sustainability Guide as the Most Sustainable Company in the Mining, Steelworks, and Metallurgy sector

Specific greenhouse gas emissions maintained at 0.879 t CO2e

Start-up of the biomass boiler in Três Marias, which represents a
22.1%
reduction in GHG emissions from the plant, with savings estimated at
US$
3.7
million
per year.

100%
of the water used at Cerro Lindo is drawn from the sea (desalinated)

Water Management Plan Review, which resulted in improvements to the water risks tool

Implementation of water accounting in all units to better control the water matrix in each locality