Who will now belong to the Mining Company MMX

A large investment company belonging to the Abu Dabi government (the United Arab Emirates) formed a consortium along with the raw material trader Trafigura Beheer BV (Amsterdam) and applied for the purchase of the Brazilian mining company MMX Mineracao E Metalicos.

It is reported that two more companies apply for the purchase of MMX Mineracao E Metalicos: Glencore Xstrata (the largest mining company) and the Brazilian railway company MRS Logistica.

The press secretary of Mubadala said that the company is actively negotiating not only with the Grupo EBX, but also by other MMX shareholders, due to the fact that some assets of the acquired company will become a very successful investment. As for the rest of the applicants, no one decided to comment on this issue.

The purchase price is discussed with its owner by billionaire Ack Batista. After all, it is formed and taking into account the not yet operating seaport of Sudeste. According to experts, its capacities will be enough to transport 19 million tons of iron ore per year. Naturally, this fact will make significant adjustments to the cost of acquisition.

The reason for the sale, according to the Batista himself, lies in the fact that he decided to divide the a convocation, consisting of mining, logistics and energy companies, in order to reduce the debt load of $ 11 billion.

In addition, the billionaire has already made a deal with the MPX Energia and the port-logistics company LLX Logistica. He is not going to dwell on this, his plans also include the sale of OGX Petroleo E Gas Participacoes, which is engaged in oil production, and the CCX Carvao Da Colombia coal enterprise.