CERRO MATOSO S.A.
WORLD CLASSFERRONICKELWho we are•Cerro Matoso S.A. is currently one of thelargest Ferro Nickel producers in theworld, producing more than 50,000 tons ofNi contained per year
•Subsidiary of BHP Billiton, the largest
integrated mining group in the world withoverall sales exceeding USD 25 billion

Where we are
CMSA is located in the northernpart of Colombia in Montelíbano,Córdoba

CARTAGENAThe Mine is located 805 km. to theNorth of Bogotá, the Capital cityand378 km. to the Southwest of theport of Cartagena.

BOGOTÁ

BRASILNECUADORPERÚCORPORATE INFORMATION• CMSA is a world class ferronickel producer.
• 100% of its production is for the export market.
FY 01 = 70 million lbs.
FY 02 = 93.5 million lbs.
FY 03 = 107.8 million lbs.
FY04 = 110.6 million lbs
Generation of labor• Direct Employees = 940• Average time of service: 11 years.
• 3 Foundations: 190 employees.
• 900 contractor employeesand more than 2000 indirect jobs.
• CMSA is the largest electricity user in Colombia: Approximately 1300 GW-hequivalent to US$40millions.

Our Process

RotarykilnDriersElectricFurnace
andRefinery .

Stacker reclaimer& material handling

HISTORIC PRODUCTION
60,00050,00040,00030,00020,00010,000

083

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

´00

'01

'02

'03

'04

NICKEL PRODUCTION(MillionLbs.)

160

New capacitty
140

120

100

80

60

40

20

Increased production due to debottlenecking
projects

0(US$ 17.5 millones)
1982

1987

1992

1997

2002

2007

2012

1982 - 1999

757 Million Lbs.

2000 - 2020(e)2.399 Million Lbs.

1982 - 2020(e)3.156 Million Lbs.

2017

SOCIAL RESPONSIBILITYFUNDACION SAN ISIDRO

Contribute to thestrengthening of theregional economy

Promote thedevelopment ofgood citizens andnew leaders

Promote theFacilitate appropriate
development of aCommunity capable technology transfer
to the Community
to handle its
own development

FUNDACIÓN EDUCATIVA MONTELIBANOFUNDACIÓN PANZENÚ

Provide quality education to all emplyee’s children
extended to other members of the Municipality
Coverage: 1315 estudiantes
Highest rank in primary and middle educationin Colombia

Provide medical services to all
employees and their families

SOCIAL RESPONSIBILITYSan IsidroFoundationFUNDACIÓN EDUCATIVAMONTELÍBANOFUNDACIÓNPANZENÚ

USD $ 4.300.000

USD $ 13.200.000

USD$ 9.500.000

Effects of CMSA over the Municipality
Finances and public investment
ROYALTIESNew needs and conditions in recieving
Communities

Change ofstructure ofMunicipal
FinancesNew
investment
opportunities

Institutional
management
and better
decisionmaking policies

CMSA Ni EXPORTS TO JAPAN GROWING (NISSHIN STEEL THE DRIVING FACTOR)CMSA Ni EXPORTS TO JAPAN (Lb Ni)
TOTAL EXP JAPANMITSUIDAIDONIPPONNISSHIN

1200000
1100000
1000000
9000008000007000006000005000004000003000002000001000000
Ene-05

Nov-04Sep-04

Jul-04

May-04Mar-04

Ene-04

Nov-03

Sep-03

Jul-03May-03Mar-03

Ene-03

Nov-02

Sep-02

Jul-02

May-02Mar-02

Ene-02CMSA FeNi EXPORTS TO JAPAN – GROSS FIGURESCMSA Ni lb Exports to JapanCMSA FeNi kg Exports to JapanNi lb

FeNi kg
10.000.000

8.000.000

9.000.000

7.000.000

8.000.000

6.000.000

7.000.000

5.000.000

6.000.000

4.000.000

5.000.000

3.000.000

4.000.000

2.000.000

3.000.000

1.000.000

2.000.000-1.000.000

Total 2003

-Total 2003

Total 2004

Ene - Mar 05

Total 2004

Ene - Mar 05

CMSA FeNi in US$ Exports to Japan
US$$ 50.000.000$ 45.000.000$ 40.000.000$ 35.000.000

2003

2004

2005 (1T)

US$ (M)

26,8

44,9

10,2

$ 25.000.000

Lb Ni (M)

6,6

7,4

1,6

$ 15.000.000

MT FeNi (000’s)

8,3

9,0

1,9

$ 5.000.000$ 30.000.000$ 20.000.000$ 10.000.000$-Total 2003

Total 2004

Ene - Mar 05

SECURITY - CONTROLQUALITY
ISO9001
ENVIRONMENT
ISO14001
SAFETYOHSAS18001