Minas-Rio produced 22.94 million mt of iron ore in 2021, Anglo reported Jan. 27. BAMIN's C1 product cash cost on the ship (FOB) in Brazil should be $20/mt after the railway is completed, Sobotka said. Seaborne iron ore prices shot up Jan. 28 on a positive mid-term demand outlook.
MMX MINERAÇÃO E METÁLICOS S.A. : News, information and stories for MMX MINERAÇÃO E METÁLICOS S.A. | Bolsa de Valores de Sao Paulo: MMXM3 | Bolsa de Valores de Sao Paulo
1 day agoIron Ore Nears 2023 Low as China's Steel Demand Remains Weak. Liz Yee Xing Ng, Bloomberg News., (Bloomberg) -- Iron ore edged lower as investors weighed weak steel demand in China along with the re-opening of a key export port in Australia. Prices of the steel-making ingredient fell as much as 1.9% in early trading Monday …
RIO DE JANEIRO, Sept 2 (Reuters) - Swiss trading house Trafigura said on Wednesday it has agreed to buy two iron ore mines from MMX Sudeste Mineracao SA, the Brazilian mining firm run by...
Dutch trading company Trafigura has made a bid to acquire the mining operations of Brazilian iron ore producer MMX Sudeste, according to a restructuring plan published …
Jan 25, 2023 In 2020, Vale S.A. was by far the largest company in the mining and metallurgical sector in Brazil, based on net revenue. The company, one of the …
(Adds company comment, background on Batista's EBX Group; updates prices) By Jeb Blount RIO DE JANEIRO, Sept 10 (Reuters) - Brazilian tycoon Eike Batista is in talks to cede control of mining ...
Thursday, 24 June 2021 23:10:34 (GMT+3) | Sao Paulo Eike Batista, one of the major shareholders at Brazilian holding company MMX, might lose as much as $400 million in a 2008 bond issued by Anglo American, according to a media report by O Globo.
Thursday, 01 April 2021 20:52:34 (GMT+3) | San Diego Two investors, including Rubican Capital Partners and China Development Integration Limited, have …
As previously reported by SteelOrbis, struggling Brazilian iron ore producer MMX had presented a recovery plan in July this year, in which Trafigura could pay up to …
Brazil's iron ore firm MMX Mineração e Metalicos (BVMF:MMXM3), the mining unit of former billionaire Eike Batista, is in talks to sell over 300,000 tons of the ore it has in stock as it seeks ...
Brazil's MMX said late Wednesday it approved the lease and possible sale of its Corumba, high-grade iron ore unit, part of… Sunday, November 27, 2022 SUBSCRIBE
The Brazilian miner also said it is giving its 400 workers at Serra Azul a month-long paid-"collective vacation," while it reviews its business plan to bolster cash …
Wuhan Iron & Steel Group, China's third-biggest steel maker, has agreed to pay $US400 million ($441 million) for stakes in Brazil's MMX Mineracao e Meta{aac}licos SA ...
Corumbá is a small surface mine in Mato Grosso do Sul state, Brazil. It is owned by MMX, a subsidiary of the EBX group. The mine currently produces a sole lump product, though in the past it also produced a fines one for both export and domestic customers. In July 2013, MMX stopped production at Corumbá citing the need to …
MMX's planned investment in the entire Amapa complex, including the mine, pig iron plant, steel smelter, port and railway infrastructure, is $1 billion, the company …
The pipeline will carry a slurry of water and fine, processed iron ore to the port of Ilheus in Brazil's Bahia state, as part of Honbridge 3.6 billion dollars Sul America de Metais (SAM) project ...
Bahia Mineracao (BAMIN)'s Pedra de Ferro high-grade iron ore mine in northeast Brazil is to raise its output to 26 million mt/year within 42 months, with the potential to become Brazil's third largest iron ore exporter, Benedikt Sobotka, CEO of developer Eurasian Resources Group said in an interview. Not registered?
The Brazilian miner also said it is giving its 400 workers at Serra Azul a month-long paid-"collective vacation," while it reviews its business planto bolster cash as iron ore prices...
Low iron ore prices have taken their toll on the Brazilian market, with local mining company MMX the first to be affected. 2014 REVIEW: Whatever happened to slab prices in Asia? The slab market is "crazy", we were told at the beginning of the year. We should have listened. 2014 REVIEW: Weak demand hits Turkish scrap market
The Brazilian miner also said it is giving its 400 workers at Serra Azul a month-long paid-"collective vacation," while it reviews its business plan to bolster cash as iron ore prices...
Brazilian miner MMX, part of former tycoon Eike Batista's (pictured) debt-laden EBX group, is reportedly set to restart operations at its Ipê iron ore mine midway through this year, local paper O ...
Brazil is China's second-largest source of iron ore after Australia. Vale's Southern and Southeastern Systems accounted for around 40% of the company's iron ore production in the first nine months of 2021. Vale is used to operating in southern Brazil with periodic disruptions to railways for iron ore shipments and operates three major port ...
Cash, Debt & Royalties Under the preliminary accord announced Tuesday, MMX agreed to exclusive talks with Trafigura Beheer and Mubadala, the filing said. If a final agreement is reached, the companies plan to buy an estimated $400 million of new MMX stock to finance the completion of MMX's Sudeste Port and iron ore terminal west of Rio …
MMX said at the time it depended on its subsidiary, MMX Sudeste Mineração, to carry out its own bankruptcy protection plan. As a result of this week's court decision, which maintained the previous court's order, MMX said it will appeal again.
SAO PAULO: The world's biggest steel producer, Europe-based ArcelorMittal, is interested in buying into Brazil 's MMX Miner to bolster its iron ore supplies, Brazilian media reported Wednesday. "We are in talks with MMX," the head of ArcelorMittal's Brazilian operations, Sebastiao Costa Filho told O Estado de Sao Paulo …
Açailândia, Paris, 24 February 2022 — The International Federation for Human Rights (FIDH) and Justiça nos Trilhos released a report today on the human rights and environmental abuses associated with the iron and steel value chain originating in mines of Brazil's Carajás corridor.
If a final agreement is reached, the companies plan to buy an estimated $400 million of new MMX stock to finance the completion of MMX's Sudeste Port and iron ore terminal west of Rio de Janeiro. The purchase will give Trafigura and Mubadala 65 percent of the port, which has a planned capacity of 50 million tonnes of ore a year and …
Low iron ore prices have taken their toll on the Brazilian market, with local mining company MMX the first to be affected. 2014 REVIEW: Whatever happened to …
Brazil's iron ore production reached 422.7Mt in 2021 and is expected to achieve a CAGR of more than 3% during 2023-2026. This growth was supported by increased output from the country's largest …
Brazilian iron ore miner MMX (Bovespa: MMXM3) has received the second iron ore shiploader for its Sudeste port in Rio de Janeiro state, the company said in a statement. The first...
Vale continues to dominate Brazil's iron ore mining sector, producing 77.4% of the country's iron ore production in 2020. With its efforts to ramp up production, we expect Vale to meet its targets of 370mnt of production capacity for 2022. While this goal was reduced in September 2021 from its previous target of 400mnt, it still represents ...
(Adds company comment, background on Batista's EBX Group; updates prices) By Jeb Blount RIO DE JANEIRO, Sept 10 (Reuters) - Brazilian tycoon Eike Batista is in talks to cede control of mining company MMX ...
Thursday, 01 April 2021 20:52:34 (GMT+3) | San Diego Two investors, including Rubican Capital Partners and China Development Integration Limited, have signed a contract with Brazilian iron ore company MMX to help aid it, MMX said. Two MMX subsidiaries, MMX Sudeste and MMX Corumbá Mineração, also signed the contract.
Europe-based ArcelorMittal, is interested in buying into Brazil's MMX Miner to bolster its iron ore supplies. Benchmarks . Nifty-131.85. NSE Gainer-Large Cap . Adani Green 47.0. FEATURED FUNDS. Pro Investing by …
Brazilian steelmaker Companhia Siderurgica Nacional (CSN), which owns iron ore business CSN Mineração, wants to become the world's fifth largest iron ore producer, according to Levant, an investment company. A report by Levant said CSN aims to double iron ore output capacity by 2026. CSN will invest BRL 12 billion ($2.52 billion) …
There are two reasons for this startling fact. First, steel is made using metallurgic methods that our Iron Age forebears would find familiar; second, it is part of seemingly everything, including ...
Tuesday, 29 March 2022 19:24:19 (GMT+3) | Sao Paulo Brazilian steelmaker Companhia Siderurgica Nacional (CSN), which owns iron ore business CSN Mineração, wants to become the world's fifth largest iron ore producer, according to Levant, an investment company. A report by Levant said CSN aims to double iron ore output …
Brazil: Chinese Buy Stake in MMX Steel By Bloomberg News Dec. 1, 2009 The Wuhan Iron & Steel Group, a Chinese steelmaker, agreed to pay $400 million for a …
RIO DE JANEIRO (Reuters) - Brazilian junior miner MMX MMXM3.SAsees iron exports from Brazilian mines soaring more than fifteen-fold to 32 million tons within …