MMX Board Approves Lease, Possible Sale of Corumba Iron Ore Mine
Posted by Michelle HowardThursday, July 03, 2014, Brazil's MMX said late Wednesday it approved the lease and possible sale of its Corumba, high-grade iron ore unit, part of efforts to raise cash and restructure the troubled mining company controlled by Brazilian tycoon Eike Batista. The Rio de Janeiro-based company, formally known as MMX Mineracao e Metalicos SA, did..