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Article: Anglo American and MMX Agree on Sale of 49% Interest in MMX Minas-Rio Iron Ore Project.
- Article from:
- Business Wire
- Article date:
- April 24, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RIO DE JANEIRO, Brazil -- Anglo American plc ("Anglo American") and MMX Minera[?]ao e Metalicos S.A. ("MMX") (BOVESPA:MMXM3) are pleased to announce that they, together with Centennial Asset Mining Fund LLC ("Centennial Asset"), a company controlled by Eike Batista, MMX's controlling shareholder, have entered into an agreement in principle pursuant to which a wholly-owned Luxembourg subsidiary of Anglo American would agree to purchase 100 of the shares of Centennial Asset Participa[?][?]es Minas-Rio S.A. ("Centennial Minas-Rio") (BOVESPA:CTMR3), and subscribe for additional shares of MMX Minas-Rio Minera[?]ao e Logistica Ltda. ("MMX Minas-Rio"), in a transaction that ...