Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Swiss trading house Trafigura said on Wednesday it has agreed to buy two iron-ore mines from MMX Sudeste Mineracao, the Brazilian mining firm run by fallen tycoon Eike Batista and under bankruptcy protection. Trafigura did not give the price, but said in an email that under the deal, it would acquire the Tico-Tico and Ipe iron-ore mining and processing assets, which have a capacity of about six-million tonnes per year according to MMX's website.
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