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EBX Group was a conglomerate that comprises six companies listed in B3's Novo Mercado, including Dommo Energia, MMX, OSX, and CCX. It was founded by Brazilian businessman Eike Batista, who served as chairman of the conglomerate before his arrest in 2017. The group primarily invested in infrastructure and natural resources, also having initiatives in real estate, technology, entertainment, sports, gold mining, air, and railway catering.[1] The EBX Group was active in nine Brazilian states, Chile, Canada, Colombia, and New York City.[2]
The EBX Group activities started in the early 1980s with Eike Batista's Novo Planeta project, the first mechanized alluvial gold mine in the Amazon.[3] Over the course of that decade, Batista became chairman of the board and CEO of TVX Gold. It was starting with this company — listed in Canada's Toronto Stock Exchange – that Batista's relationship with the global capital markets began.[4]
Between 1980 and 2000, EBX earned US$20 billion in value through the implementation and operation of nine gold and silver mines in Brazil and Canada (Amapari, Casa Berardi, Crixás, Musselwhite, New Britania, Novo Astro, Novo Planeta, and Paracatu), as well as a mine in Chile (La Coipa, now owned by Kinross Gold). In the 2000s, he began operating three iron ore mines in Brazil (Mina 63, Tico Tico, and Ipê)
Between 2011 and 2012, EBX Group invested US$ 15.7 billion and partnered with General Electric,[5] following a partnership that claimed to generate 20,000 jobs in the construction and operation of its enterprises.[6]
Natural resources and infrastructure
The EBX Group's activities focused primarily on infrastructure and natural resources. MMX Mineração is one of the EBX Group's subsidiaries, a company operated through two systems and located in Corumbá, Mato Grosso do Sul.
In 2011, MPX—a mining company founded in 2005, belonging to the EBX Group—began operating the first commercial-scale solar power plant in Brazil in Tauá, Ceará.[7] In 2012, two of the company's thermoelectric power plants came into operation–Energia Pecém in Ceará and Itaqui in Maranhão.[8] In 2013, the company intended to begin operations of its Pecém II plant in Ceará and the first phase of operations of its thermoelectric power plant, UTE Parnaíba in Maranhão.[citation needed]
LLX, the group's logistics company, coordinated the construction of the Southeast Superport in São João da Barra, Rio de Janeiro, as a part of the company's plan to quadruple its production capacity in the coming years.[citation needed]. It was the home of Açu Shipbuilding Unit (UCN Açu),[9] in which OSX, EBX Group's offshore company, invested US$ 1.7 billion. OSX's focus was in the sectors of shipbuilding, exploration and production (E&P) unit chartering, and operations and maintenance (O&M) services.
In the oil and gas sector, OGX is responsible for the largest private sector exploratory campaign in Brazil. Founded in 2007, the company was one of the country's leading oil producers. In January 2012, OGX began extracting oil from the Waimea accumulation in Rio de Janeiro's Campos Basin.[10] OGX has a portfolio of 30 exploration blocks in Brazil in the Campos, Santos,[11] Espírito Santo, Pará-Maranhão, and Parnaíba Basins, as well as four exploration blocks in Colombia, located in the Cesar-Ranchería Basin and Lower Magdalena Valley.
CCX, the Colombian edition of MPX's coal mining assets, is developing an integrated greenfield coal mining project in Latin America. This project includes an underground mine (San Juan), two open pit mines (Cañaverales and Papayal), and a dedicated integrated logistics system, which consists of a 150km (93 mile) railway and a deepwater port capable of accommodating capesize-type vessels.[citation needed]
Colombia is also where the EPX Group's investments in gold mining are concentrated. In March 2011, the group acquired, through AUX, stock control of the Canadian mining firm Ventana Gold,[12] which owns mineral rights in northern Colombia's historical California-Vetas gold mining region.
REX is EBX Group's real estate company. Founded in 2008 to identify real estate opportunities, the company began operations in 2011 with a business focus on urban development and income-generating assets. Among other initiatives, the company's business portfolio includes restoration of Hotel Glória, which is now called Glória Palace Hotel; MD.X Medical Center, a center for integrated medicine; R3X Leblon Business Center; and Hotel Parque do Flamengo, all in the city of Rio de Janeiro.[citation needed]
EBX Group also exploits technology through SIX Intelligent Solutions. Created in October 2011, SIX arose from the acquisition of stock control over AC Engenharia, a company with 18 years’ experience in the Brazilian market, having as its focus the oil and gas operations sector. In April 2012, EBX Group and IBM announced a strategic partnership. The agreement includes IBM's acquisition of 20% of SIX Automation,[13] a subsidiary of SIX Intelligent Solutions, and the creation of a center for the joint development of technology solutions and R&D (research and development) focused primarily on the natural resources and infrastructure sectors, as well as outsourcing EBX Group's IT operations to IBM.[citation needed]
IMX, a joint venture with the American firm IMG Worldwide, is EBX Group's sports and entertainment company,[14] devoted to the staging of events and production of entertainment content in the sports, fashion, and music sectors. Also in 2011, EBX Group created NRX-Newrest,[15] to operate in Brazil's air and rail catering sectors. The result of the joint venture with Newrest (the only major global company that operates in all segments of catering and related services) is that NRX-Newrest will provide food services, as well as onshore and offshore operational support, cleaning and hospitality, and other services. EBX Group is also developing initiatives in the areas of sports,[16] entertainment,[17] hospitality, cuisine, health, and the environment in the city of Rio de Janeiro, where EBX is headquartered.
Synergies
MMX iron ore will be transported to the Southeast Brazil Superport, where it will be exported. Steel plates produced by steel mills installed in LLX's Açu Superport Industrial Complex will be used by OSX in the production of offshore equipment,[18] which will be chartered by OGX for its production of oil and gas. Coal from CCX's Colombian mines will be transported to MPX's thermoelectric power plants located along the Brazilian coast and to LLX's superport, and the energy generated will be supplied to the industries located in the industrial complex. The natural gas produced by OGX can supply MPX's thermoelectric power plants located in LLX's superport industrial complex. LLX's superport could serve as the onshore base for OGX's production of oil and gas. MPX will provide power to MMX's main operating unit in Minas Gerais.[citation needed]
EBX and its companies support more than 170 social and environmental initiatives in Brazil, among which are the preservation of three national parks (Maranhenses, Fernando de Noronha and Pantanal). Additionally, it has created and maintains three of its own reserves – the Private Natural Heritage Reserves (RPPNs) Engenheiro Eliezer Batista (tropical wetland), Quebrada del Morel (Atacama Desert), and Caruara (salt marsh). It also supports the management of four RPPNs in Brazil's Pantanal (Dorochê, Acurizal, Penha, and Rumo ao Oeste), and the creation of another ten in Ceará. EBX Group also supports Muriquiecological corridor, one of the largest restoration projects ever developed in the Atlantic Forest in Brazil, and the preservation of Colombia's Cañaverales Fountainhead.[citation needed]
In the social arena, family relocation programs (Vila Nova Canaã in Maranhão and Vila da Terra in São João da Barra, in Rio de Janeiro State); construction of the Pediatric Cancer Center (CPC) in Ceará; and support of Pro Child Hospital in Rio de Janeiro are some examples of the group's activities in recent years.[citation needed]
In Rio de Janeiro, EBX Group will allocate R$ 20 million a year[when?] until 2014, to the Pacifying Police Units (UPPs) project, a new model of public safety and policing. The funds will be used by the Rio de Janeiro State Security Department to purchase equipment and for investment in construction of infrastructure and logistics for its units.[citation needed]
EBX Group also invests in historical and cultural preservation. In the city of Belo Horizonte, it created and maintains the Mines and Metals Museum (MMM), which has been designed to showcase the relationship between the history and culture of Minas Gerais through two major economic activities of the state: mining and metallurgy. Dedicated to the state's major mines, there are 44 attractions and 11 major installations in 18 rooms, covering an area of almost 6,000 square meters (64,584 square feet). In virtual environments, visitors can interact with the spaces that were created, allowing them to dynamically experience the world of metals and minerals. The attractions were made more personal through MMM's historical and fictional characters, such as Dom Pedro II, the Baron de Eschwege and Xica da Silva, who introduce museum attractions to visitors in a playful and interactive manner.[citation needed]
Pará is a state of Brazil, located in northern Brazil and traversed by the lower Amazon River. It borders the Brazilian states of Amapá, Maranhão, Tocantins, Mato Grosso, Amazonas and Roraima. To the northwest are the borders of Guyana and Suriname, to the northeast of Pará is the Atlantic Ocean. The capital and largest city is Belém, which is located at the Marajó bay, near the estuary of the Amazon river. The state, which is home to 4.1% of the Brazilian population, is responsible for just 2.2% of the Brazilian GDP.
Brazil is geopolitically divided into five regions, by the Brazilian Institute of Geography and Statistics, which are formed by the federative units of Brazil. Although officially recognized, the division is merely academic, considering geographic, social and economic factors, among others, and has no political effects other than orientating Federal-level government programs. Under the state level, they are further divided into intermediate regions and even further into immediate regions.
Anglo American plc is a British multinational mining company with headquarters in London, England. It is the world's largest producer of platinum, with around 40% of world output, as well as being a major producer of diamonds, copper, nickel, iron ore, polyhalite and steelmaking coal. The company has operations in Africa, Asia, Australia, Europe, North America and South America.
Oi, formerly known as Telemar, is the largest fixed telephone operator and the fourth mobile telephone operator in Brazil, being the third largest telecommunication company in Latin America. It is headquartered in Rio de Janeiro.
Vale S.A., formerly Companhia Vale do Rio Doce, is a Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil. Vale is the largest producer of iron ore and nickel in the world. It also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, and cobalt, currently operating nine hydroelectricity plants, and a large network of railroads, ships, and ports used to transport its products.
The National Bank for Economic and Social Development is a development bank structured as a federal public company associated with the Ministry of the Economy of Brazil. The stated goal is to provide long-term financing for endeavors that contribute to the country's development. BNDES is one of the largest development banks in the world. Its non-performing loan ratio is also less favorable (2.2%) compared to the CDB's that stands below 1%.
Brazilian industry has its earliest origin in workshops dating from the beginning of the 19th century. Most of the country's industrial establishments appeared in the Brazilian southeast, and, according to the Commerce, Agriculture, Factories and Navigation Joint, 77 establishments registered between 1808 and 1840 were classified as "factories" or "manufacturers". However, most, about 56 establishments, would be considered workshops by today's standards, directed toward the production of soap and tallow candles, snuff, spinning and weaving, foods, melting of iron and metals, wool and silk, amongst others. They used both slaves and free laborers.
Mining in Brazil is centered on the extraction of iron, copper, gold, aluminum, manganese, tin, niobium, and nickel. About gemstones, Brazil is the world's largest producer of amethyst, topaz, agate and is a big producer of tourmaline, emerald, aquamarine, garnet and opal.
Eike Fuhrken Batista da Silva is a Brazilian-German serial entrepreneur who made and lost a multi-billion dollar fortune in mining and oil and gas industries. He engaged in a quest to promote Brazil's infrastructure with large-scale projects, such as the Porto do Açu.
Global Village Telecom (GVT) was a Brazilian telecommunications company that offers services on landline telephone, broadband for both consumer and business, Pay TV and voice over IP. GVT has been in the market since the end of 2000. GVT today operates under the Vivo brand.
Dommo Energia is a Brazilian publicly listed oil and gas company belonging to the EBX Group. Until 2017 it was known as OGX Petróleo e Gás Participações S.A. (OGX). Prior to a 2013 bankruptcy filing, OGX was Brazil's second largest oil company by market value after Petrobras.
MMX is the mining company of the EBX Group founded in 2005. It is engaged in the extraction, beneficiation and sale of iron ore and minerals in Brazil and Chile. The company was filed for bankruptcy in 2016, and it is part of the current investigation of fraud and money laundering linked to its owner Eike Batista.
Eneva is a power generation company based in Rio de Janeiro, Brazil. It is listed at the São Paulo exchange.
The Hotel Glória was a grand hotel in the Glória neighbourhood of Rio de Janeiro, Brazil. It was built by entrepreneur Rocha Miranda for the International Exhibition of 1922 to commemorate the centennial of Brazil's independence. It opened on August 15, 1922. The hotel was designed by Joseph Gire, who also designed the Copacabana Palace. It was reportedly the first reinforced concrete building to be built in South America and was erected with the aid of German engineers.
Minas-Rio is an iron ore mining project in Minas Gerais state, Brazil. It is one of the world's largest mining projects, and is initially expected to export 26.5 million tonnes of iron ore in 2013, through a 525 km slurry pipeline to a port at Açu; production potential is 53 Mtpa or higher.
The Associação Desportiva RJX and thereafter RJ Vôlei was a Brazilian volleyball team based in Rio de Janeiro, Rio de Janeiro state. They compete in the Brazilian Superliga and were the 2012–13 national league champions.
Brazil–Egypt relations are the historic and bilateral ties between the regions that now constitute modern Brazil and Egypt. Bilateral relations were established in 1924, and Brazil currently operates an embassy in Cairo, while Egypt has an embassy in Brasilia and a consulate-general in Rio de Janeiro. Both countries generally enjoy friendly ties and mutual agreements on many important global issues such as disarmament, nuclear non-proliferation and environmental issues among others. In addition to that, both are member states of the Summit of South American-Arab Countries in which they have signed agreements on cooperation in many different fields.
Events in the year 1956 in Brazil.
Richard William Warke is a billionaire businessman based in Vancouver, British Columbia. He is the chairman of the Augusta Group of Companies, including Titan Mining Corp and Solaris Resources Corp.
Luiz Rodolfo Landim Machado is a Brazilian sports director and petroleum engineer. He is the current president of Clube de Regatas do Flamengo, elected for the 2019–2021 term and reelected for the 2022–2024 term
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