MMX Rises to Three Week High on New Iron Agreement

Dec. 29, 2011 04:26PM PST

Bloomberg reported MMX Mineracao & Metalicos SA (PINK:MMXMY) rose to a three-week high after signing a $5 billion shipment agreement.

As quoted in the market news:

MMX advanced (MMXM3) 3.3 percent to 6.67 reais at the close of trading in Sao Paulo, the highest since Dec. 6.
MRS Logistica (MRSA3B) SA will transport about 36 million tons of ore from mines to the Sudeste Superport each year for 26.463 reais per ton ($14.13), according to a regulatory filing yesterday.

Click here to read the full Bloomberg report.

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