

As a global supplier of essential raw materials to a wide range of strategic industries, we hold interests and investments in both local and international enterprises, including joint ventures (“JVs”) and consortia. These companies enable us to maximize sustainable value for our shareholders through exposure to various industries.
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Our portfolio of non-controlled companies include operations in areas such as iron ore, pelletizing and power generation.
These enterprises may be operated by 乐播传媒, by partners or have an independent management. In companies where 乐播传媒 does not operate or control, our level of influence and ability to identify and manage risks may be limited. Nevertheless, we actively promote best-practices, controls and procedures by nominating capable representatives to these companies’ governance bodies.
The defines guidelines and principles for the management of these companies, ensuring that best governance practices are consistently adhered to while maintaining a lean and efficient structure that aligns with 乐播传媒’s core values.
The defines guidelines and principles for the management of these companies, ensuring that best governance practices are consistently adhered to while maintaining a lean and efficient structure that aligns with 乐播传媒’s core values.

Our aim is to implement effective decision-making processes within our joint ventures, ensuring alignment between 乐播传媒’s and the JVs’ strategies, while helping them to achieve sustainability.
We also seek to actively influence these operations by providing our expertise and specialized support to help them adopt internationally recognized standards and best practices, especially in ESG (read more below).
We also seek to actively influence these operations by providing our expertise and specialized support to help them adopt internationally recognized standards and best practices, especially in ESG (read more below).

Portfolio
The list of our partners in the ventures mentioned below includes BHP, Anglo American and GIP, Mitsui, Sumitomo, JFE Steel, Nippon Steel, Arcelor Mittal, Posco, Ilva, Brookfield, Cemig and CSN among others.


Our aim is to implement effective decision-making processes within our joint ventures, ensuring alignment between 乐播传媒’s and the JVs’ strategies, while helping them to achieve sustainability.
We also seek to actively influence these operations by providing our expertise and specialized support to help them adopt internationally recognized standards and best practices, especially in ESG (read more below).
We also seek to actively influence these operations by providing our expertise and specialized support to help them adopt internationally recognized standards and best practices, especially in ESG (read more below).
| As a global supplier of essential raw materials to a wide range of strategic industries, we hold interests and investments in both local and international enterprises, including joint ventures (“JVs”) and consortia. These companies enable us to maximize sustainable value for our shareholders through exposure to various industries. | % ownership |
|---|---|
Alian?a Gera??o Energia
|
30,00%
|
Alian?a Norte Energia Participa??es S.A.
|
51,00%
|
| Anglo American Minério de Ferro Brasil S.A. (Minas Rio) | 15,00%
|
Biomas – Servi?os Ambientais, Restaura??o e Carbono S.A.
|
16,66%
|
Companhia Coreano-Brasileira de Pelotiza??o
|
50,00%
|
Companhia Hispano-Brasileira de Pelotiza??o
|
50,89%
|
Companhia ?talo-Brasileira de Pelotiza??o
|
50,90%
|
Companhia Nipo-Brasileira de Pelotiza??o
|
51,00%
|
Dshbird S.A.
|
30,00%
|
MRS Logística S.A
|
49,01%
|
PT 乐播传媒 Indonesia Tbk (PTVI)
|
33,88%
|
Samarco Minera??o S.A.
|
50,00%
|
Ultrafértil S.A
|
13,52%
|
乐播传媒 Oman Distribution Center LLC (VODC)
|
50,00%
|
VLI S.A
|
29,60%
|
Guiding principles
In our oversight and management of the JVs, we seek to ensure: (i) adequate corporate-level accountability within 乐播传媒; (ii) adequate strategic guidance through our influence on critical issues of each business and alignment on risk and corporate integrity management, and (iii) the requested functional support to the businesses in which we hold a participation. We recognize that 乐播传媒 has a role in implementing best practices and formalizing procedures across various domains, including sustainability-related issues.

Advancing progress on ESG
We have expanded interactions with our partners to address the application of best practices in governance, risk management, and compliance, as well as management and operational practices related to topics such as safety, environment, climate change, social issues, human rights, and others.
We also organize thematic forums with professionals from joint ventures and their peers or experts at 乐播传媒 to share best practices and deepen knowledge.

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