Trafigura and Abu Dhabi's sovereign fund Mubadala Development announced that they signed a memorandum of understanding (MoU) with Brazilian miner MMX for buying the company's majority stake of the company's Superporto Sudeste port. The companies would acquire 65% of the port's shares for about US$400 million. The port's Construction began on the Sudeste port in July 2010. It is designed to handle cape-size vessels and is expected to operate next year. It is expected to run 50 million tons of capacity in 2017 and the companies said that the capacity will be ultimately increased to 100 million tons per year. MMX is a subsidiary of the EBX group.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66214&division=A9
