MMX Mineracao e Metalicos SA Falida. Stock Analysis MMXM3.SA

MMX Mineracao e Metalicos SA (MMX) is a Brazil-based company primarily engaged in the iron ore mining. The Company and its subsidiaries are active in the extraction, processing, transformation and sale of iron ore. Its product portfolio mainly includes lump ore (granulated ore ready to be transformed into pig iron), sinter feed (ore dust), pellet feed (fine ore used in the manufacturing of pellets) and fine ore. In addition, MMX is involved in logistic operations, through Superporto Sudeste, which is a private, mixed-use port terminal project, dedicated exclusively to handling iron ore. The Company's subsidiaries includes MMX Corumba Mineracao SA, Minera MMX de Chile SA, MMX Sudeste Mineracao Ltda and PortX Operacoes Portuarias SA, among others. On November, 2013, hte Company announced that, following information disclosed to the market on September 4, 2013, it concluded sale of the total of shares of its subsidiary Minera MMX de Chile SA to Inversiones Cooper Mining SA.