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MMX Mineracao e Metalicos SA (MMXM3.SA)

MMXM3.SA on Sao Paolo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Usinas Siderurgicas de Minas Gerais SA Usiminas ends port services contract with MMX Porto Sudeste Ltda
Monday, 22 Jun 2015 07:42am EDT 

Usinas Siderurgicas de Minas Gerais SA Usiminas:Informs that its controlled company Mineracao Usiminas SA (MUSA) notified MMX Porto Sudeste Ltda of the immediate termination, by MUSA, of the port services contract executed by the parties in February 11, 2011.Such termination by MUSA is based in the reiterated breach, by Porto Sudeste, of its obligation to complete the port and to put it in operation, which should have occurred in April 1 2012, as well as the default of its obligation to pay the contractual penalties in connection with such breach.  Full Article

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