Announcement

Wednesday, August 11, 2010

MMX buys remaining 60pct stake in GVA Mineracao Ltda

Brazilian mining and metals company MMX Mineracao e Metalicos SA has concluded the acquisition of a 60% stake in the local mining company GVA Mineracao Ltda.

MMX said it will pay a total of USD 50.8 million, through 78 monthly installments.

The acquisition was made by MMX's subsidiary

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