MIRA INFORM REPORT

 

 

 

 

Report Date :

24.12.2012

 

IDENTIFICATION DETAILS

 

Name :

CERRO MATOSO S.A

 

 

Registered Office :

Calle 114 No. 9-01 Torre A Of. 509, Bogotã

 

 

Country :

Colombia

 

 

Date of Incorporation :

Not Available 

 

 

Com. Reg. No.:

Not Available 

 

 

Legal Form :

Private Subsidiary company

 

 

Line of Business :

Subject is engaged in Copper, Nickel, Lead and Zinc Mining

 

 

No. of Employees :

Not Available 

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – June 30th, 2012

                                                   

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

Colombia

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Colombia - ECONOMIC OVERVIEW

 

Colombia's consistently sound economic policies and aggressive promotion of free trade agreements in recent years have bolstered its ability to face external shocks. Real GDP grew 5.7% in 2011 and inflation ended 2011 at 3.7%, continuing almost a decade of strong economic performance. All three major ratings agencies have upgraded Colombia''s investment grade. Nevertheless, Colombia depends heavily on oil exports, making it vulnerable to a drop in oil prices. Economic development is stymied by inadequate infrastructure, weakened further by recent flooding. Moreover, the unemployment rate of 10.8% in 2011 is still one of Latin America''s highest. The SANTOS Administration''s foreign policy has focused on bolstering Colombia''s commercial ties and boosting investment at home. The US-Colombia Free Trade Agreement (FTA) was ratified by the US Congress in October 2011 and is pending implementation in 2012. Columbia has signed or is negotiating FTAs with a number of other countries, including Canada, Chile, Mexico, Switzerland, the EU, Venezuela, South Korea, Turkey, Japan, and Israel. Foreign direct investment - notably in the oil sector - reached a record $10 billion in 2008 but dropped to $7.2 billion in 2009, before beginning to recover in 2010, and it appears to have reached a record high $13 billion in 2011. Colombia is the third largest Latin American exporter of oil to the US. Inequality, underemployment, and narcotrafficking remain significant challenges, and Colombia''s infrastructure requires major improvements to sustain economic expansion. In late 2010, Colombia experienced its most severe flooding in decades with damages estimated to exceed $6 billion. The rains resumed in 2011 causing further damages to crops and infrastructure as well as killing hundreds of Colombians and displacing millions.

         

 

Source : CIA

 

 


Company name & address  

 

Cerro Matoso S.A.

Calle 114 No. 9-01 Torre A Of. 509

BogotÃ,

Colombia

Tel:       57 47 723 200

Fax:      57 47 722 185

Web:    www.bhpbilliton.com

 

 

Synthesis 

 

Employees:                 NA

Company Type:            Private Subsidiary

Corporate Family:          87 Companies

Ultimate Parent: BHP Billiton Limited

Financials in:                 USD (Millions)

Reporting Currency:       US Dollar

Annual Sales:               125.0

Total Assets:                NA

 

 

Business Description     

 

Copper, Nickel, Lead and Zinc Mining

 

Industry            

Industry           Metal Mining

ANZSIC 2006:   08 - Metal Ore Mining

NACE 2002:      1320 - Mining of non-ferrous metal ores, except uranium and thorium ores

NAICS 2002:     21223 - Copper, Nickel, Lead, and Zinc Mining

UK SIC 2003:    1320 - Mining of non-ferrous metal ores, except uranium and thorium ores

UK SIC 2007:    0729 - Mining of other non-ferrous metal ores

US SIC 1987:    1021 - Copper Ores

 

           

Key Executives   

 

Name

Title

Wayne Clowery

Vicepresidente Financiero

Eucaris Guerrero

Director de Sistemas

Basilio López

Jefe de Impuestos

Eduardo Oviedo

Contador General

Karen Martínez

Gerente de Comunicaciones

 

news

 

Title

Date

Cerro Matoso, Paz del Rio negotiate to extend concessions - report
ADP Latin America News (137 Words)

20-Dec-2012

BHP Billiton's Cerro Matoso contract signing imminent - report
BNamericas (English) (240 Words)

18-Dec-2012

Lawmakers bring case against Cerro Matoso contract extension, court accepts for evaluation
BNamericas (English) (223 Words)

9-Oct-2012

Colombia's comptroller says Cerro Matoso owes USD 33.9m
ADP Latin America News (149 Words)

3-Oct-2012

Decision on Cerro Matoso provides legal assurance, executive says
BNamericas (English) (219 Words)

28-Sep-2012

 

 

1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1

2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1

 

 

Corporate Overview

 

Location

Calle 114 No. 9-01 Torre A Of. 509

Bogotá, Colombia

Tel:       57 47 723 200

Fax:      57 47 722 185

Web:    www.bhpbilliton.com

           

Sales USD(mil):                         125.0

Assets USD(mil):                       NA

Employees:                              NA

Industry:                                   Metal Mining

Company Type:                         Private Subsidiary

Quoted Status:                          Not Quoted

Vicepresidente Financiero:         Wayne Clowery

 

Contents

Industry Codes

Business Description

Financial Data

 

Industry Codes

 

ANZSIC 2006 Codes:

08         -          Metal Ore Mining

 

NACE 2002 Codes:

1320     -          Mining of non-ferrous metal ores, except uranium and thorium ores

 

NAICS 2002 Codes:

21223   -          Copper, Nickel, Lead, and Zinc Mining

 

US SIC 1987:

1021     -          Copper Ores

 

UK SIC 2003:

1320     -          Mining of non-ferrous metal ores, except uranium and thorium ores

 

UK SIC 2007:

0729     -          Mining of other non-ferrous metal ores

 

Business Description

Copper, Nickel, Lead and Zinc Mining

 

Financial Data

Financials in:

USD(mil)

 

Revenue:

125.0

1 Year Growth

NA

 

 

 

Corporate Family

Corporate Structure News:

 

BHP Billiton Limited
Cerro Matoso S.A.

Cerro Matoso S.A. 
Total Corporate Family Members: 87 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

BHP Billiton Limited

Parent

Melbourne, VIC

Australia

Metal Mining

72,226.0

46,370

 

Asset/product line purchase by Harry Winston Diamond Corporation proposed/announced.See corporate structure news on BHP Billiton Limited for details
Asset/product line purchase by PetroChina Company Limited proposed/announced.See corporate structure news on BHP Billiton Limited for details

BHP Billiton Nickel West Pty. Ltd.

Subsidiary

Melbourne, VIC

Australia

Metal Mining

251.0

4,863

 

Olympic Dam Corporation Pty Ltd.

Subsidiary

Melbourne, VIC

Australia

Metal Mining

 

2,880

 

Westminer Insurance Pte Ltd

Subsidiary

Singapore

Singapore

Insurance (Property and Casualty)

 

 

 

BHP Billiton Iron Ore

Subsidiary

Melbourne , VIC

Australia

Metal Mining

5,756.6

2,270

 

BHP Billiton Illawarra Coal

Subsidiary

Unanderra, NSW

Australia

Coal

250.3

1,300

 

BHP Billiton SSM

Subsidiary

Perth, WA

Australia

Metal Mining

7,172.1

3,390

 

Billiton Aluminium Sa Ltd

Subsidiary

Richards Bay, Kwazulu-Natal

South Africa

Metal Mining

9,693.3

1,017

 

Bhp Billiton Petroleum International Pty. Ltd.

Subsidiary

 

 

 

 

 

 

Bhp Minerals Holdings Proprietary Limited

Subsidiary

 

 

 

 

 

 

The Broken Hill Proprietary Company Pty Ltd

Subsidiary

 

 

 

 

 

 

Bhp Billiton Shared Services Malaysia Sdn. Bhd.

Subsidiary

Kuala Lumpur

Malaysia

Business Services

 

165

 

Bhp Billiton Indonesia, Pt

Subsidiary

Balikpapan, East Kalimantan

Indonesia

Engineering Consultants

 

100

 

Worsley Alumina Pty. Ltd.

Joint Venture

Collie, WA

Australia

Gold and Silver

29.3

1,200

 

Queensland Nickel

Subsidiary

Yabulu, QLD

Australia

Metal Mining

250.3

1,000

 

BHP Billiton Petroleum (Americas) Inc.

Subsidiary

Houston, TX

United States

Oil Well Services and Equipment

145.9

950

 

BHP Billiton

Branch

Waterflow, NM

United States

Non-Metallic Mining

432.7

1,000

 

BHP Billiton

Branch

Farmington, NM

United States

Non-Metallic Mining

23.8

55

 

Bhp Billiton Petroleum (Colombia) Corp.

Branch

Bogota, Cundinamarca

Colombia

Oil and Gas Operations

 

30

 

BHP Billiton

Branch

Anchorage, AK

United States

Oil Well Services and Equipment

4.3

19

 

BHP Billiton Petroleum

Branch

Tulsa, OK

United States

Oil Well Services and Equipment

3.3

19

 

BHP Billiton

Branch

Houma, LA

United States

Non-Metallic Mining

3.7

10

 

BHP Billiton Petroleum

Branch

Houma, LA

United States

Non-Metallic Mining

0.7

2

 

BHP Billiton Metais S.A.

Subsidiary

Rio de Janeiro, RJ

Brazil

Metal Mining

709.9

848

 

Bhp Billiton Canada Inc

Branch

Yellowknife, NT

Canada

Non-Metallic Mining

244.9

700

 

BHP Billiton Petro Americas

Subsidiary

Houston, TX

United States

Oil and Gas Operations

175.0

600

 

BHP Billiton Petroleum

Subsidiary

Perth, WA

Australia

Oil and Gas Operations

6,133.1

600

 

BHP Copper Co

Subsidiary

Tucson, AZ

United States

Metal Mining

30.2

100

 

BHP Copper Co

Branch

Miami, AZ

United States

Non-Metallic Mining

100.6

300

 

BHP Copper Co

Branch

Angels Camp, CA

United States

Oil Well Services and Equipment

4.3

19

 

BHP Petroleum Inc

Subsidiary

Houston, TX

United States

Oil and Gas Operations

 

2

 

BHP Mine Tar Supply Inc

Branch

North Tazewell, VA

United States

Construction - Supplies and Fixtures

1.2

1

 

BHP Billiton Petroleum (Bass Strait)

Subsidiary

Melbourne, VIC

Australia

Oil and Gas Operations

 

 

 

BHP Billiton Petroleum

Subsidiary

Melbourne, VIC

Australia

Oil and Gas Operations

 

 

 

Petrohawk Energy Corporation

Subsidiary

Houston, TX

United States

Oil and Gas Operations

2,099.4

598

 

KCS Energy, Inc.

Subsidiary

Houston, TX

United States

Natural Gas Utilities

 

152

 

Petrohawk Operating Company

Subsidiary

Houston, TX

United States

Natural Gas Utilities

 

100

 

Petrohawk Operating Co

Branch

Forgan, OK

United States

Oil and Gas Operations

6.1

3

 

Petrohawk Energy

Branch

Tulsa, OK

United States

Oil Well Services and Equipment

3.3

60

 

Petrohawk Energy

Branch

Haughton, LA

United States

Oil Well Services and Equipment

5.9

30

 

Petrohawk Holdings LLC

Subsidiary

Wilmington, DE

United States

Oil and Gas Operations

4.9

19

 

Petrohawk Energy

Branch

Victoria, TX

United States

Oil Well Services and Equipment

4.6

19

 

Petrohawk Energy

Branch

Waynesboro, MS

United States

Oil Well Services and Equipment

3.5

19

 

Petrohawk Energy

Branch

Edmond, OK

United States

Oil Well Services and Equipment

3.3

19

 

Petrohawk Energy

Branch

Edmond, OK

United States

Oil Well Services and Equipment

3.3

19

 

Petrohawk Energy

Branch

Edmond, OK

United States

Oil Well Services and Equipment

3.3

19

 

Petrohawk Energy

Branch

Cuero, TX

United States

Oil Well Services and Equipment

4.6

8

 

Petrohawk Energy

Branch

Shreveport, LA

United States

Oil Well Services and Equipment

1.0

5

 

Petrohawk Energy

Branch

Elm Grove, LA

United States

Oil and Gas Operations

6.9

3

 

Petrohawk Energy

Branch

Pauls Valley, OK

United States

Natural Gas Utilities

3.6

2

 

BHP Titanium Minerals

Subsidiary

Melbourne, VIC

Australia

Metal Mining

 

300

 

TEMCO

Subsidiary

George Town , TAS

Australia

Iron and Steel

29.2

285

 

Groote Eylandt Mining Company Pty.

Subsidiary

Alyangula, NT

Australia

Metal Mining

175.0

250

 

GEMCO

Subsidiary

Alyangula, NT

Australia

Metal Mining

29.2

250

 

BHP Billiton Canada Inc

Subsidiary

Vancouver, BC

Canada

Non-Metallic Mining

 

30

 

Bhp Billiton Diamonds (Belgium)

Subsidiary

Antwerpen

Belgium

Retail (Department and Discount)

24.2

28

 

Samancor Manganese (Pty) Ltd

Subsidiary

Meyerton, Gauteng

South Africa

Business Services

10,316.7

 

 

BHP Billiton S.A. Holdings Ltd.

Subsidiary

Johannesburg

South Africa

Coal

 

 

 

Cerro Matoso S.A.

Subsidiary

Bogotá

Colombia

Metal Mining

125.0

 

 

Hillside Aluminium Ltd

Subsidiary

Richards Bay, Kwazulu-Natal

South Africa

Miscellaneous Fabricated Products

7.0

 

 

BHP Billiton plc (S. Africa)

Subsidiary

London

United Kingdom

Metal Mining

 

 

 

Bhp Billiton Finance B.V.

Subsidiary

's-Gravenhage, Zuid-Holland

Netherlands

Consumer Financial Services

 

 

 

Billiton Investment 1 B.V.

Subsidiary

's-Gravenhage, Zuid-Holland

Netherlands

Miscellaneous Financial Services

 

 

 

Bhp Billiton Sa Investments Ltd.

Subsidiary

London

United Kingdom

Business Services

 

 

 

BHPB Freight Pty. Ltd.

Subsidiary

Melbourne, VIC

Australia

Railroads

 

 

 

BHP Mitsui Coal Pty. Limited

Subsidiary

Brisbane, QLD

Australia

Coal

 

 

 

BHP Billiton Superannuation Fund

Subsidiary

Sydney South, NSW

Australia

Investment Services

 

 

 

BHP Billiton Finance Limited

Subsidiary

Melbourne, VIC

Australia

Consumer Financial Services

 

 

 

BHP Billiton Aluminium (RAA) Pty Ltd

Subsidiary

Allanson, WA

Australia

Miscellaneous Fabricated Products

 

 

 

Boddington Gold Mine

Subsidiary

Perth, WA

Australia

Gold and Silver

62.6

566

 

BHP Billiton Aluminium (Worsley) Pty

Subsidiary

Collie, WA

Australia

Miscellaneous Fabricated Products

 

 

 

BHP Billiton Aluminium Australia Pty

Subsidiary

Collie, WA

Australia

Miscellaneous Fabricated Products

 

 

 

BHP Billiton Group Operations Pty.

Subsidiary

Melbourne, VIC

Australia

Business Services

 

 

 

BHP Billiton Marine & General

Subsidiary

Melbourne, VIC

Australia

Miscellaneous Financial Services

 

 

 

BHP Billiton Minerals Pty. Ltd.

Subsidiary

Perth, WA

Australia

Metal Mining

 

 

 

BHP Billiton Olympic Dam Corporation

Subsidiary

Melbourne, VIC

Australia

Metal Mining

 

 

 

BHP Coal Pty Limited

Subsidiary

Brisbane, QLD

Australia

Coal

 

 

 

BHP Queensland Coal Investments Pty.

Subsidiary

Brisbane, QLD

Australia

Coal

 

 

 

Dendrobium Coal Pty. Ltd.

Subsidiary

Port Kembla, NSW

Australia

Coal

 

 

 

Endeavour Coal Pty. Ltd.

Subsidiary

Port Kembla, NSW

Australia

Coal

 

 

 

Hunter Valley Energy Coal Pty. Ltd.

Subsidiary

Melbourne, VIC

Australia

Coal

 

 

 

Illawarra Coal Holdings Pty. Ltd.

Subsidiary

Wollongong, NSW

Australia

Coal

 

 

 

QNI Pty. Ltd.

Subsidiary

Yabulu, QLD

Australia

Miscellaneous Financial Services

 

 

 

QNI Metals Pty. Ltd.

Subsidiary

Brisbane, QLD

Australia

Metal Mining

 

 

 

QNI Resources Pty. Ltd.

Subsidiary

Perth, WA

Australia

Metal Mining

 

 

 

QNI Western Australia Pty. Ltd.

Subsidiary

Brisbane, QLD

Australia

Miscellaneous Financial Services

 

 

 

UMAL Consolidated Pty. Ltd.

Subsidiary

Brisbane, QLD

Australia

Coal

 

 

 

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Wayne Clowery

 

Vicepresidente Financiero

Finance Executive

 

Eduardo Oviedo

 

Contador General

Accounting Executive

 

Basilio López

 

Jefe de Impuestos

Corporate Tax Executive

 

Fredyy Cano

 

Contralor

Controller

 

Karen Martínez

 

Gerente de Comunicaciones

Corporate Communications Executive

 

Eucaris Guerrero

 

Director de Sistemas

Information Executive

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.07

UK Pound

1

Rs.89.54

Euro

1

Rs.72.77

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

 

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