MMX Mineracao e Metalicos SA
MMX Mineracao e Metalicos SA (MMX) is a Brazil-based company engaged in the metal and mining industries. The Company's activities consist of integrated mining, mineral processing, and production and logistics operations for the steel and intermediate iron ore products industry, in the states of Rio de Janeiro, Minas Gerais and Mato Grosso do Sul. The Company also operates in Chile. In August 2008, the holding Anglo American acquired a 70% stake of MMX Amapa and the remaining shares of MMX Minas-Rio. Additionally, MMX initiated the development of the logistics projects of the EBX Group. the Company's subsidiaries are MMX Corumba Mineracao Ltda, MMX Metalicos Corumba Ltd and MMX Sudeste Mineracao Ltda, among others.
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Wall Street broke the four-day run of gains overnight as a higher-than-expected US Producer Price Index in November raised concerns on inflation. Asian markets ended mixed Tuesday. China's Shanghai Composite and Hong Kong's Hang Seng Index fell after China's State Council said it plans to cool the rapidly rising residential property prices in some cities.
Asian shares were mostly steady on Tuesday after significant rebounds in the previous trading session. Yesterday the Dow index concluded the last trading day of November in positive territory. It was its fifth consecutive monthly gain, despite a bad news from Dubai.
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