Offtake Agreement


Offtake Agreement

 

CSN Mineração S.A. (“Company”) informs its shareholders and the general market that it has signed, on this date, an Iron Ore Sale and Purchase Agreement with ITOCHU Corporation (“Itochu”) for the supply of iron ore from the pellet feed plant P15 at Casa de Pedra Mine (“P15”), in the volume of 6.0 million tons per annum during the mining years from 2026 to 2054 (“Offtake Agreement”). The Offtake Agreement signed with Itochu further represents the fulfillment of one of the conditions of the export prepayment financing agreement entered into with the Japan Bank for International Cooperation and a syndicate of banks, secured by Nippon Export and Investment Insurance, aimed at supporting the Company in its P15 construction project, as disclosed by the Company on 30/03/2023.