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Sao Paulo, Brazil (Platts)--20Aug2014/538 pm EDT/2138 GMT One day after saying it would not file a judicial recovery petition, usually a prelude to seeking bankruptcy protection, Brazilian mining company MMX said Wednesday that low iron ore prices have forced a 30-day shutdown of operations at its Serra Azul mine. The mine closing was necessary due to "a prolong..

By Juan Pablo Spinetto 8월 20, 2014 MMX Mineracao & Metalicos SA (MMXM3), the mining unit of former billionaire Eike Batista, will temporarily stop operations at its &#111&#110ly producing mine as it seeks to avoid bankruptcy protection amid lower metal prices. The Brazilian iron-ore producer will give workers at its Serra Azul unit in Minas Gerais state a 3..

Aug 19, 2014 2:41pm EDT RIO DE JANEIRO, Aug 19 (Reuters) - Eike Batista's iron ore miner MMX Mineracao e Metalicos SA said &#111&#110 Tuesday it is not considering filing for bankruptcy, denying a local media report published late &#111&#110 Monday. "MMX clarifies that there are no deliberations in process &#111&#110 this matter at the co..

August 19, 2014 Someone is not happy. Shares in iron ore mining company MMX Mineração e Metalicos (BVMF:MMXM3) were falling by almost 8% Tuesday, hitting an all-time low, after a broadly read Brazilian magazine reported the company may file for bankruptcy protection. According to Veja Magazine (in Portuguese), the company founded in 2005 by mining magnate Eike Ba..

Sao Paulo (Platts)--18Aug2014/529 pm EDT/2129 GMT Operations at Brazil's Port of Sudeste in Rio de Janeiro will begin early in the fourth quarter, the port's part owner Trafigura said Monday. Trafigura, a Dutch commodities trading company, and Mubadala Development, Abu Dhabi's sovereign fund, completed the acquisition of 65% of the port from MMX in February. "Po..

Wed Aug 13, 2014 4:40am IST SAO PAULO, Aug 12 (Reuters) - The opening of Brazil's iron ore export terminal Porto Sudeste might be pushed back to next year, according to the CEO of steelmaker Usiminas, which has a contract to ship ore through the port. Dutch trading company Trafigura, which owns a controlling stake in the port with Abu Dhabi government investment fund..

Wed Aug 13, 2014 4:40am IST SAO PAULO, Aug 12 (Reuters) - The opening of Brazil's iron ore export terminal Porto Sudeste might be pushed back to next year, according to the CEO of steelmaker Usiminas, which has a contract to ship ore through the port. Dutch trading company Trafigura, which owns a controlling stake in the port with Abu Dhabi government investment fund..

Tue Aug 5, 2014 (Recasts to tie in Batista asset transfer news from Monday, deal details, group history, share prices) By Jeb Blount RIO DE JANEIRO, Aug 5 (Reuters) - Brazilian tycoon Eike Batista moved &#111&#110 Tuesday to settle his debts with Mubadala Development Co PJSC, the Abu Dhabi government investment fund, by agreeing to transfer his stock in a por..

(Follow @steelguru on Twitter for important updates) The Brazil Public Ministry in the state of Minas Gerais, a body of public prosecutors has begun an inquiry involving the country’s iron ore producer MMX. According to media reports, the inquiry follows an investigation, which denounced employees of the Minas Gerais state who would have practiced crimes that favor..

August 5, 2014 Mining magnate Eike Batista, &#111&#110ce Brazil’s richest businessman, is transferring 17.1 million shares, or 10.5% of his iron ore mining company MMX Mineração e Metalicos to a fund owned by the government of Abu Dhabi and led by billionaire Mohammed bin Zayed Al Nahyan. While Batista will remain the largest shareholder of the firm h..