03
Jul
13:16
Brazil's MMX to sell Sudeste iron ore complex
Multinational commodity trader Trafigura will take control of MMX Mineração e Metálicos’ Sudeste iron ore complex in Serra Azul in Minas Gerais state in Brazil, Kallanish learns from the troubled miner. The sale of assets is part of the MMX judicial recovery plan to cover part of its BRL 740 million ($191.6m) debt with creditors.
As part of the deal, Trafigura guarantees to cover BRL 70 million of the miner’s debt.
The re…
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