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Brazil iron miner MMX shares tumble on report may file bankruptcy

Bonjour Kwon 2014. 9. 24. 08:15

Aug 19, 2014 - 16:38 GMT

RIO DE JANEIRO – Shares in Brazilian tycoon Eike Batista's iron-ore miner MMX Mineracao e Metalicos SA fell nearly 6% to an all-time low on Tuesday on a report that the company is going to ask a Brazilian court for protection from creditors. Brazilian magazine Veja reported late on Monday that the company is planning to file for bankruptcy protection by the end of this month, … (continue reading)

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