Mar 2007

Who we are...Who we are...

Costa Monteiro Participações

Cosipar Usipar MineraçãoAraguaia

MC LogisticaAMT Carajas

Florestal

Pig Iron Producer

20 years

634 (Valor 1000 Brasil 2006)

200 Largest Brazilian Exporter

(2005)

8 yr. Project

Start-up: 01/2007

Pig Iron

Steel

Cement

Port

Service Centre

London Based

Trading / Financial

US$ 450 MM (2006)

Largest Pig Iron Trader in the USA

(27% Market Share)

Logistic

Barge Company: 120.000 Ton/Mo.

Capacity

Start-up: 12/2006

Mining

Limestone, Graphite, Iron Ore

(research)

Reforestation

2007

Spin-off COSIPAR

COSIPAR Pioneering Company in Northern Brazil, COSIPAR Produces Basic Pig Iron for the

Export Markets since 1988. Currently, COSIPAR is One of the Major Merchant Pig Iron Producers in Brazil.

The Cosipar Mill:

4 Operational Charcoal Blast Furnaces – Annual Capacity: 480,000 Tons

Sinter Plant – Annual Capacity: 480,000 Tons

Cogeneration Plant – Potency: 10 MW

Reforestation Program Until 2015 – 32,000 Hectares

Seeding Nursery - Annual Capacity: 7 Million Seedlings

Equipment

4 Blast Furnaces: Capacity of 480,000 Tons/Year of Pig Iron

Sinter Plant: 480,000 tons of Sinter/Year

Electric Cogeneration: Self-Sufficient in Electric Energy Consumption

Location

Located in Marabá, Pará

Distance by railway: 170 km from Carajás Mine and 730km from Ponta da Madeira PortDistance by waterway: 480 km from Vila do Conde Port (Barcarena, PA) via Tocantins-Araguaia River Waterway

Vila do CondePonta daMadeira

Rio Araguaia

RioTocantins

Ferrovia Norte - Sul

MA

PA

TO

RiosRoFerrovias

Portos

PA150

BarcarenaBelém

Carajás

TucuruíFerrovia CarajásAçailância Santa Inês

São Luís

Marabá

Vila do CondeVila do CondeVila do CondeVila do CondeVila do Conde PortPonta daPonta daPonta daPonta daPonta daMadeiraMadeiraMadeiraMadeiraMadeira Port

Rio AraguaiaRio AraguaiaRio AraguaiaRio AraguaiaRio Araguaia

RioTocantinsRioTocantinsRioTocantinsRioTocantinsRioTocantins

Ferrovia Norte - SulFerrovia Norte - SulFerrovia Norte - SulFerrovia Norte - SulRailway Norte - Sul

MAMAMAMAMA

PAPAPAPAPA

TOTOTOTOTO

RiosRoadsFerrovias

Portos

RiosRiosRiosRiosRiversRFerroviasasRoads

esCitiessPortosPortosPortosPortosPorts

PA150PA150PA150PA150PA150

BarcarenaBarcarenaBarcarenaBarcarenaBarcarenaBelémBelémBelémBelémBelém

CarajásCarajásCarajásCarajásCarajás

TucuruíTucuruíTucuruíTucuruíTucuruíFerrovia CarajásFerrovia CarajásFerrovia CarajásAçailânciaAçailânciaAçailânciaAçailânciaAçailância Santa InêsSanta InêsSanta InêsSanta InêsSanta Inês

São LuísSão LuísSão LuísSão LuísSão Luís

MarabáMarabáMarabáMarabáMarabá

The Company and its Product

The Pig Iron Produced by COSIPAR is the Raw Material Used by the Steel and Foundry Industries.

Main Features

Density: 3.60 T/m3

Ingot Weight: 5.8-6.0 Kg

Absence of Non-Metalic Elements

Chemical Composition

Fe 94.50C 3.0 -4.5Si 0.30 – 1.50S 0.0250P 0.07

Element %

Environment

Seedlings Nursery: Produces 7 Milion/Year from 29 Different Eucalyptus Clones, in Addition to Native Species such as Mahogany and Wild Chestnut.

Reforestation: Project to Plant Eucalyptus on 32,000 Hectares by 2015.

FFC: Forest Fund of Carajás Founder – Every Ton of Exported Pig Iron Matched by a US$3/Ton Contribution for Reforestation Needs.

Clients

The only Brazilian Merchant Pig Iron Producer Holding Long-Term Supply Contracts with Triple A Companies in the USA:

USIPAR is an Integrated Pig Iron, Steel & Logistics Project Located in Barcarena-PA – 90km from Belem.

Following International

Trends in Modern Steelmaking, the

USIPAR Project is Located in an Area

Able to Receive Seaborne

Panamax Vessels.

USIPAR

USIPAR

Pig Iron Production Unit - Total Capacity: 3 Million Tons/Year. Lay-Out Allows for Further Expansion to 8 Million Tons/Year

Steel Production Unit - Total Capacity: 2 Million Tons/Year.

Port Operation Unit – > 10 Million Tons/Year.

Logistics Unit - Responsible for Usipar’s Raw Material and Products Operations as Well as Providing Logistics Services to Third Parties. (IE. Soybeans & Other Agricultural Goods).

Residual Processing Unit - (Fertilizers/Chemical Bonders) Total Capacity: 600,000 Tons/Year.

Service Center Unit – Roll Forming: Total Capacity: Up to 50,000 Tons/Year.

Usipar Project Timeframe

2012

Production of >1 MillionTons ofPig Ironon Coke

Basisand 1MillionTons of Steel

2011

Production of >1 MillionTons ofPig Ironon Coke

Basisand 1MillionTons of Steel

2009

January

Production of >500,000Tons ofPig Ironon Coke

Basis

JunePort

Services

February

Productionof 500,000

Tons ofPig Ironon Coke

Basis

Logistic Services

2007

OCTOBER

Beginning of

Construction

20041st Phase 2nd Phase 3rd Phase 4th Phase

USIPAR: Project PhilosophyOperational Project Costs to be Highly Competitive to Guarantee Appropriate Global Market Share for Usipar’s Products.

Each Phase/Project Unit Should be Economically Viable. Financial Costs Associated with Project Implementation to Minimize risks. Step-by-Step Implementation.

A Participation of the Project will be Available to Interested Partners Either in the Form of a Minority Shareholder Stake or Final Off-Takers.

Flexibility Regarding Adopted Technologies and Product Lines.

Usipar – Pig Iron Unit (11/06)

Ponta do Aço PortPonta do Aço Port

Business Unit of USIPAR Project

The port will be implemented in 3 phases until reaches the capacity to operate 3 vessels simultaneously in 3 berths.

Besides USIPAR own cargo the Port is expected to provide services to different companies/products

Pig Iron Steel Ore Agriculture commodities (soy beans, corn) Cement Liquid cargo including ethanol for export

Expected Volume: over 10 MM ton / year

Total Investment:US$ 1 Billion

Employment Creation:7,500 Employees (Direct & Indirect)

Annual Revenues: US$ 950 Million

Project Figures

America Metals Trading

Founded in December 2003 in the United Kingdom. Designated to Be the International Commercial Arm of the Costa Monteiro Group

Purpose:

Metallic Products Trading

International Logistics

Equipment Import

Target:

Trade at Least 50% More Volume than Own Production

AMT Today

Largest Brazilian Merchant Pig Iron Trader.

Largest Pig Iron Supplier to the US Market.

Incorporated in London with Registered Shares in Companies House.

Traded > 1.66 Million Tons of Pig Iron, Equivalent to 10% of the Global Market & 27% of the Brazilian Market.

America Metals TradingAmerica Metals Trading

America Metals TradingAmerica Metals Trading

AMT Brazilian Purchases

0

0.4

0.8

1.2

1.6

2

2004 2005 2006

Millio

n Ton

s

0%

5%

10%

15%

20%

25%

30%

Braz

ilian M

arke

t Sha

re

Pig Iron Market Share

Top Brazilian Merchant Pig Iron Trader Since 2004

Main Pig Iron Purchasers (2006)

EM C

20%

Cargill

13%

SG

7%

Funsider

7% Prim etrade

6%

Stena

6%

Stem core

5%

Others

9%

AMT

27%

Ports of ShipmentPorts of Shipment

AMT is the Only Trader Exporting Pig Iron from All Brazilian Ports, Both in the Northern and Southern Regions:

Trading > 1.66 Million Tons of Pig Iron, Equivalent to 10% of Global Market & 27% of the Brazilian Market.

Port Region Brazil Total AMT AMT Market SharePDM North 3,008 677 23%Itaqui North 473 238 50%Vila do Conde North 259 259 100%Paul South 1,580 321 20%Tubarao South 453 62 14%Rio de Janeiro South 322 105 33%

Total 6,095 1,662 27%

(000 Tons)

Discharge Ports in 2006Discharge Ports in 2006

USA

New Orleans:

Charleston:

Mobile:

Morehead City: CANADA

Contrecour, Quebec, Montreal:

MEXICO:

Veracruz:

MC LogMC Log

MC Log, Founded in 2005, is a Joint Venture of the Costa Monteiro Group and Mr. Eduardo Carvalho.Eduardo Carvalho Has Managed and Owned a Barge Company in the Amazon Basin for Over 20 Years.The Company Aims to be a Market Leader in River Bulk Transport in Brazil.In September 2006, MC Log Acquired Assets of NAVBEL – Including 16 Barges & 4 Push-Boats with an Annual Transport Capacity of 1.4 Million Tons.In December 2006, MC Log Concluded the Construction of 3 River Ports Along the Tocantins River – Maraba, Breu Branco & Tucurui.

In January 2007, MC Log Started Transporting Iron Ore & Limestone Between Maraba and Barcarena

The Carajas Railroad is a Consolidated Export Axis that Will Export > 100 Million Tons of Iron Ore in 2007.

Araguaia-Tocantins Waterway is a New Export Axis for Bulk Cargos from South Para, North Tocantins & Mato Grosso State.

Actual Axis

Porto deVila do Conde

Ponta daMadeira

R. Araguaia

R. Tocantins

Ferrovia Norte - Sul

MAPA

TO

RiverRoadsRailroad

CitiesPorts

New Axis

PA150

BarcarenaBelém

Marabá

Carajás

TucuruíFerrovia CarajásAçailância Santa Inês

São Luís

Xambioá

MC LogMC Log

BargesBarges

Maraba River PortMaraba River Port