MMX Mineração e Metálicos S.A. (MMX)
Get all the information about MMX Mineração e Metálicos S.A. (MMX), a company operating mainly in the Mining & Metals sector. Connect with its key contacts, projects, shareholders, related news and more. The company has operations in Brazil, which include Distressed companies & Bankruptcy, Open pit mining, New Investment amount, Financing, Mining Companies, Contract Awarded, Project topics, Steel, New Stage, Industrial Contracting, Suspensions, Change in Schedule, Mergers & Acquisitions, Cancelled project, Iron ore, Subproject andChange in Ownership. Write to us at info@bnamericas.com or call us at +56 (2) 29410300 to schedule a demonstration of our platform.
Description:
MMX Mineração e Metálicos S.A. is a holding company focused on ore exploration, production and development, and the sale of iron ore, and it also has a stake in Porto Sudeste do Brasil S.A. The firm has an installed capacity to produce 7 million tons of iron ore through its two production systems: Southeastern and Corumbá. The Southeastern system is comprised of the Serra Azul and Bom Sucesso units, acquired in 2007 and 2008, respectively. In 2011, the company acquired exploration rights to the Pau de Vinho mine, owned by Mineração Usiminas, for a 30-year period. The Corumbá system, operational since 2005, produces mainly iron ore lumps and small quantities of fine-grained ore. MMX Mineração e Metálicos was founded in 2005 and is based in Rio de Janeiro, Brazil. Its main shareholder is Centennial Asset Mining Fund LLC, controlled by Brazilian tycoon Eike Batista. The company and its subsidiary MMX Corumbá Mineração S.A. are currently under a bankruptcy protection process.
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Key contacts
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The Brazilian miner also presented a plan to invest US$58mn in exploration.
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One of the main reasons for stepped up activity is the efforts by companies from different sectors to guarantee long-term supplies of inputs, espec...