August 19, 2014 / 6:42 PM / in 3 years

Brazil miner MMX says not filing for bankruptcy, denies report

RIO DE JANEIRO, Aug 19 (Reuters) - Eike Batista’s iron ore miner MMX Mineracao e Metalicos SA said on Tuesday it is not considering filing for bankruptcy, denying a local media report published late on Monday.

“MMX clarifies that there are no deliberations in process on this matter at the company,” the firm said in a statement.

Shares of Rio de Janeiro-based MMX fell nearly more than 7 percent to an all-time low earlier on Tuesday due to the report, which appeared on the website of the Brazilian magazine Veja. (Reporting by Stephen Eisenhammer; Editing by Meredith Mazzilli)

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