MMX Iron Considering 50% Increase

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.