Through note Mirabela Mining issued a statement to employees on the challenges facing the company. "Throughout the year 2015 Mirabela came trying to seek alternatives that could enable the strengthening of its financial health, given the challenging scenario that the company is. One of these alternatives was to plead with the Government of Bahia the release of part of the ICMS credits, whose total amount is more than enough to rebalance the company financially. The company has been holding meetings with government officials since August 2015, but so far, all of the Bahia State Government positions on the release of ICMS credits were unsatisfactory. Even the company seeking incessantly more feasible ways for the continuation of its business in the municipality of Itagibá, there is also no government concrete proposal regarding this election. Mirabela is always open a transparent dialogue with the government and, given the financial difficulties of the company, it is necessary that this time the Government of Bahia present feasible and concrete decisions in the shortest time so that the company can achieve financial sustainability of your business. "
MBN Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held
