Brazil – REG – Horizonte Minerals – Result of General Meeting

13 August 2010

Horizonte Minerals plc (‘Horizonte’ or ‘the Company’)

Result of General Meeting

Horizonte, the AIM quoted exploration and development company focused on Brazil and Peru, announces that at its General Meeting, held yesterday, all resolutions including, inter alia, the resolution to approve the Company’s acquisition of Teck Cominco Brasil S.A. from Teck Resources Limited were duly passed.

A further announcement relating to the expected timing of completion of the acquisition and re-admission of the enlarged Company to AIM will be made in due course.

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Brazil’s Cosan Q1 profit plunges

Aug 12 (Reuters) – Brazil’s Cosan (CZZ.N) >, the world’s largest producer of cane sugar and ethanol, reported a net profit of 8.7 million reais ($4.9 million) in the past quarter, down sharply from 337.3 million reais posted a year ago, as operating costs jumped.

Net operating revenue rose to 4 billion reais from 3.57 billion reais.

But the company (CSAN3.SA) saw a loss on foreign exchange versus a gain, taking a chunk out of profits.

The takeover of NovAmerica last year helped increase sugar and ethanol volumes and boost the company’s revenue.

Earnings before interest, taxes, depreciation and amortization, a key measure of cash flow known as EBITDA, rose to 358 million reais from 311.2 million reais.

Cosan’s earnings report is for the first quarter of its fiscal year, which starts on April 1 and ends on March 31, following the sugar cane harvesting cycle in Brazil’s center-south region. ($1=1.772 reais) (Writing by Reese Ewing; Editing by Anshuman Daga)

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Santander Chile inks $175 mln syndicated loan

Aug 12 (Reuters) – Chile’s top bank, Santander Chile, said on Thursday it inked a $175 million syndicated loan with eight banks, as the financial institution seeks to diversify its financing sources.

Santander Chile STG.SN said the 18-month credit priced at libor plus 80 basis points was subscribed with banks in Peru, Italy, Great Britain, Taiwan, Japan and Malaysia.

“The revenue from this loan will be used for general corporate purposes, mostly to finance loan activity,” the bank said in a statement.

Santander Chile has filed to issue either a 25- to 30-year $122 million bonds with a 3.9 percent coupon, IFR, a Thomson Reuters service, reported on Wednesday.

If you want to invest in Argentina, Uruguay, Chile or Brazil contact us at:

felipegonzalezvergara@gmail.com