MMX Sudeste, a subsidiary of Brazilian iron ore producer MMX, is expected to resume iron ore operations at its Ipe mine sometime during the first half of this year, according to a media report.
The company, which is currently under bankruptcy protection, was sold to Trafigura and Mubadala, which are reportedly looking to resume iron ore activities at the Ipe mine. According to the media report, the mine should resume activities by H1.
“Everything is going at a very interesting pace, indicating the mine could restart by H1,” said MMX’s president, Ricardo Werneck.