Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Companhia Siderurgica Nacional    CSNA3   BRCSNAACNOR6

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Brazil's EBX May Join Bidding For New Rio Iron Ore Port -Report

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/02/2012 | 06:32pm CET

Brazil's EBX Group, owned by billionaire Eike Batista, may join the bidding for a new iron ore port area in Rio de Janeiro state, southeast Brazil, O Estado de S. Paulo newspaper said Tuesday, without saying where it got the information.

The port area, known as "Area do Meio" or "Middle Area," is expected to be put up for auction next month by the federally-owned port administrator Companhia Docas de Rio de Janeiro, Estado said.

The Area do Meio is sited at Itaguai between existing ports operated by mining company Vale SA (VALE, VALE5.BR) and steelmaker and mining company Companhia Siderurgica Nacional SA (SID, CSNA3.BR), or CSN. Companhia Docas recently said that the area is to be let out for port development to offer export access to companies producing iron ore at the Serra Azul mountain range in Minas Gerais state, which is linked to Itaguai by a railroad owned by companies including Vale, CSN and steelmaker Usinas Siderurgicas de Minas Gerais SA (USIM5.BR. USZNY), or Usiminas.

Earlier this year, Usiminas and steelmaker ArcelorMittal (MT, MT.FR, MT.AE) confirmed that they were in talks to form a consortium to participate in bidding for the port.

EBX group mining company MMX Mineracao e Metalicos SA (MMXM3.BR) is currently developing an iron ore port at Itaguai capable of exporting 50 million metric tons a year of ore.

MMX will look at the details of the Area do Meio tender when the prospectus for the tender is published, the company told Dow Jones Newswires on Wednesday.

According to Barclays Capital, the Area do Meio terminal will entail investments of around 1.5 billion Brazilian reais ($785 million) and still needs to go through the full environmental licensing process.

The port's iron ore handling capacity should reach around 25 million tons a year, in a 25-year renewable concession, according to Barclays.

-By Diana Kinch, Dow Jones Newswires; 55 21 2586 6086; diana.kinch@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on COMPANHIA SIDERURGICA NACI
2016 COMPANHIA SIDERURGICA NACIONAL : Material Fact - Restatement and republication o..
2016 BUYINS.NET : FRP, IYJ, UPRO, TXRH, SID, VIS Are Seasonally Ripe To Go Up In the ..
2016 COMPANHIA SIDERURGICA NACIONAL : CSN Plans to Sell Congonhas Equities to CBSteel
2016 U.S. affirms duties on steel from Brazil, India, UK, South Korea
2016 COMPANHIA SIDERURGICA NACIONAL : Material Fact - Sale of Metalic
2016 COMPANHIA SIDERURGICA NACIONAL : Siderurgica Nacional reports 2Q loss
2016 COMPANHIA SIDERURGICA NACIONAL : Notice to the Market - Election of Investor Rel..
2016 COMPANHIA SIDERURGICA NACIONAL : Notice to the Market - Clarification on Transno..
2016 COMPANHIA SIDERURGICA NACIONAL : Material Fact - Usiminas Share Subscription
2016 COMPANHIA SIDERURGICA NACIONAL : Material Fact - USIMINAS Share Subscription
More news
Sector news : Steel - NEC
07:15p Banks, builders boost European shares as Trump-trade back on
11:18a Banks, basic resources lift European shares on Trump-trade
02/25DJVale's CEO to Exit Amid Political Pressure -- WSJ
02/24DJVale CEO Murilo Ferreira to Step Down in May -- 2nd Update
02/24DJCorrection to Vale CEO Story
More sector news : Steel - NEC
News from SeekingAlpha
01/09 MY MARKET OUTPERFORMANCE TRIAL : Vol I
01/03 BARRON'S : 14 emerging market stocks you should have owned last year
2016 PREMARKET GAINERS / LOSERS AS OF 9 : 10 am
2016 Companhia Siderurgica Nacional's (SID) CEO Benjamin Steinbruch on Q3 2016 Res..
2016 Companhia Siderurgica Nacional 2016 Q3 - Results - Earnings Call Slides
Advertisement
Financials ( BRL)
Sales 2016 16 955 M
EBIT 2016 2 168 M
Net income 2016 -1 035 M
Debt 2016 25 097 M
Yield 2016 0,02%
P/E ratio 2016 -
P/E ratio 2017
EV / Sales 2016 2,46x
EV / Sales 2017 2,19x
Capitalization 16 623 M
More Financials
Chart COMPANHIA SIDERURGICA NACI
Duration : Period :
Companhia Siderurgica Naci Technical Analysis Chart | CSNA3 | BRCSNAACNOR6 | 4-Traders
Full-screen chart
Technical analysis trends COMPANHIA SIDERUR...
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 12
Average target price 7,39  BRL
Spread / Average Target -38%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Benjamin Steinbruch Chairman & Chief Executive Officer
Paulo Rogério Caffarelli Principal Financial Officer
Fernando Perrone Independent Director
Yoshiaki Nakano Independent Director
Antonio Bernardo Vieira Maia Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
COMPANHIA SIDERURGICA ..9.68%5 355
VALE SA35.90%54 412
ARCELORMITTAL18.44%27 236
NIPPON STEEL & SUMITOM..7.43%23 363
POSCO--.--%21 605
NUCOR CORPORATION2.25%19 950
More Results