Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____
RELEVANT NOTICE
COMPANHIA SIDERÚRGICA NACIONAL
Rua São José nº 20, Grupo 1602
Rio de Janeiro/RJ
Corporate Taxpayers’ ID# (CNPJ) 33,042,730/0001-04
COMPANHIA SIDERÚRGICA NACIONAL informs its shareholders and the market that its Board of Directors approved on this date, (i) investments up to US$3.6 billion in a 4-year period starting from the respective signing contract, to enable
the production of 6 million tonnes of additional slabs per year, with the installation of four blast furnaces with 1.5Mt/year each. The two first ones will be located in Itaguaí, State of Rio de Janeiro, and the other two furnaces location
will be defined in a timely manner, and (ii) review of “CSN Iron Ore Project”, encompassing the capacity expansion of Casa de Pedra Mine, Coal Terminal, as well as the setting up of the second Pellet Plant, with resulting investments of
US$1.5 billion, facing the need to meet the new level of iron ore production of 53 million tonnes in 2011.
Rio de Janeiro, March 27, 2006.
Companhia Siderúrgica Nacional
Benjamin Steinbruch
Investor Relations Executive Officer
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COMPANHIA SIDERÚRGICA NACIONAL
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| By: |
/S/ Benjamin Steinbruch
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Benjamin Steinbruch
Chief Executive Officer and
Acting Chief Financial Officer | ||
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.