MMX is planning a US$2.5 billion expansion of its Serra Azul iron ore complex, one of the largest operations in South America, located in Brazil’s famed Iron Quadrangle of Minas Gerais.

With MMX wanting to triple the complex’s current capacity to 29 million tonnes per year, we were engaged to prepare a detailed report that investigated both the mine development and the mine’s pit-to-port logistics capabilities, and provide an analysis of its potential for financing. We investigated all aspects of the expansion project including technical, commercial, mining, and environmental components, and evaluated construction and mining operations requirements. In particular, we reviewed the potential project finance structures and market inputs such as offtake, and costs of finance as well as potential finance products. To do this we undertook financial modelling, risk mitigation analysis, and presented a range of scenarios for financial and commercial implementation.

It was a great collaboration between MMX management and Advisian international staff, resulting in MMX Board member and Director for New Business and Project Deployment and Operations Antonio Alberto Froes Schettino saying that MMX was very pleased with our professionalism, work ethic and specialist advice.