STXNEWS LATAM-Brazil's Vetria agrees to lease MMX's Corumba mining unit

martes 29 de julio de 2014 17:09 GYT

Miner Vetria Mineração, owned by Triunfo and ALL , said on Tuesday it has agreed to lease the mining rights of MMX's Corumba unit in the Brazilian state of Mato Grosso do Sul.

The rights have a fixed price of $500,000 per year and an option for the future purchase of the all shares issues by MMX Corumba unit. MMX, formally known as MMX Mineracao e Metalicos SA, is part of Brazilian tycoon Eike Batista's troubled mining, oil and logistics empire.