Mr. Schettino joins from MMX Mineração e Metálicos ("MMX"), where he was COO responsible for managing and expanding iron ore production facilities with approximately eight million tonnes of annual capacity in Minas Gerais state. Mr Schettino has more than 30 years of experience in project development and construction, including more than two decades as the operations director of significant iron ore, nickel, limestone and coal mining operations in Brazil, Chile and Colombia. In addition to managing operations, as COO of MMX he also spent the last two years directing the engineering development and implementation of its US$2.1 billion Serra Azul expansion project, expected to increase iron ore capacity to 29 million tonnes per year at the company's mines in Minas Gerais state. Prior to joining MMX, Mr. Schettino spent six years at Votorantim, Brazil's second largest mining group. From 2008 through 2010, he was Director of Primary Products at Votorantim Siderurgia, and was responsible for iron ore, limestone and coal mines in Colombia. His role as Business Director of Votorantim's nickel unit (2005) included overseeing a business of 2,000 employees generating revenue of approximately US$550 million. Mr. Schettino received a Bachelor's degree in Mining Engineering from Universidade Federal de Minas Gerais (UFMG).