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Reuters reports MMX (SAO:MMXM3) said a study showed the firm’s iron ore resources stood at 3.1 billion tonnes.
Reuters reports MMX (SAO:MMXM3) said a study showed the firm’s iron ore resources stood at 3.1 billion tonnes.
The market news is quoted as saying,
MMX said in a statement that SRK Consulting carried out the study at Serra Azul, its principal mine, as well as the Pau de Vinho mine. The new estimate was 106 percent higher than the previous one in March.