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    iron investing

    MMX Iron Considering 50% Increase

    Investing News Network
    May. 31, 2012 05:46PM PST
    Base Metals Investing

    Reuters reported MMX Mineração e Metais SA (SAO:MMXM3.) is studying iron ore mining projects in Brazil and Chile that could expand capacity by at least 50 percent.

    Reuters reported MMX Mineração e Metais SA (SAO:MMXM3.) is studying iron ore mining projects in Brazil and Chile that could expand capacity by at least 50 percent.

    As quoted in the market news:

    The projects, each with the potential for 10 million tonnes of output a year, are in the Bom Sucesso region of Brazil’s Minas Gerais state and near Copiapó in northern Chile, MMX CEO Guilherme Escalhão told the Reuters Latin America Investment Summit.

    Click here to read the full Reuters report.

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