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impossibility, the judicial administrator must inform the Court and proceed directly to the applicant's patron requesting the complementation of the documentation. Deadline: 30 days. Then, if in terms, listen to the bankrupt / recovering and give notice to the parties of the opinion of the judicial administration, stressing that in bankruptcy proceedings, the case file must be opened to the Public Prosecutor for presentation of the final opinion.
Looks like 30 days till credit decision (hopefully).
https://www.jusbrasil.com.br/diarios/287461185/djsp-judicial-1a-instancia-capital-13-03-2020-pg-1113?ref=serp
https://sierranewsonline.com/15m-biomass-project-shifts-into-high-gear-in-north-fork/
Larger ships to be used at port,may help us if we get going.
https://santanadoamapa.blogspot.com/2020/01/
This is what they paid for their initial stake in MMX.
Anglo American to buy 49% of Brazilian MMX's Minas-Rio iron ore project
Anglo American is to purchase a 49-percent stake in new Brazilian iron ore miner MMX Mineração e Metálicos' biggest project Minas-Rio for around $1.15 billion
The purchase marks Anglo American's entry into Brazilian iron ore with a substantial commitment: the company will become the biggest joint venture partner in what could be Brazil's third-biggest iron ore producing concern, after CVRD’s and steelmaker CSN’s operations.
“The Minas Rio Project has an extensive reserve base, a long projected mine life and will be a low cost operation…This project, together with the planned Kumba expansions [in South Africa], will add significantly to Anglo American’s iron ore production resulting in consolidated iron ore production in excess of 100 million tpy in the next five years,” Anglo ceo Cynthia Carroll said in a statement.
The deal follows intense speculation that the Minas-Rio partnership would go to Japan's Sumitomo, one of several companies with which MMX had been talking about a possible partnership...
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Very hard to dissemiate from the various share stuctures.
31 March, 2008
Anglo American has signed an agreement to acquire a 63.5% shareholding in a new company IronX, which will own MMX's current 51% interest in the Minas-Rio iron ore project and 70% interest in the Amapá iron ore system.
Anglo American plc (“Anglo American”) is pleased to announce that, following its announcement dated 17 January 2008, it has signed an agreement with the controlling shareholder of MMX Mineração e Metálicos S.A. (“MMX”), Mr Eike Batista, Chairman & CEO of MMX, and certain other MMX shareholders (together “the Selling Shareholders”), to acquire a 63.5% shareholding in a new company (“IronX”) which will be demerged from MMX and will own MMX's current 51% interest in the Minas-Rio iron ore project and 70% interest in the Amapá iron ore system. Mr Eike Batista will be Chairman of IronX.
Anglo American has committed, after completion of this transaction, to extend an offer to the minority shareholders of IronX at the same price per share paid to the Selling Shareholders, the successful completion of which would result in Anglo American owning 100% of the Minas-Rio project, 70% of the Amapá system and 49% of LLX Minas-Rio, the owner of the Port of Açu. Anglo American acquired 49% of the Minas-Rio project as part of its original investment announced in April 2007, which included 49% of LLX Minas-Rio. These two projects, together with the planned Kumba expansions, will significantly increase Anglo American's participation in the seaborne iron ore market to approximately 150Mtpa by 2017 in line with Anglo American's strategic goal to become a significant player in the iron ore industry.
IronX's gross assets at 31 December 2007, on a proforma basis, were R$2.2 billion (US$1.2 billion) with a proforma operating loss for the year of R$25 million (US$13 million). Anglo American will pay US$5.5 billion in cash for 100% of the issued and outstanding shares of IronX, or approximately US$361.12 per IronX share (assuming one IronX share for each current MMX share).
A further announcement will be made in due course.
Notes to editors:
Anglo American plc is one of the world's largest mining and natural resource groups.
With its subsidiaries, joint ventures and associates, it is a global leader in platinum group metals and diamonds, with significant interests in coal, base and ferrous metals, as well as an industrial minerals business and a stake in AngloGold Ashanti. The Group is geographically diverse, with operations in Africa, Europe, South and North America, Australia and Asia. (www.angloamerican.co.uk)
MMX Mineração e Metálicos S.A. consists of integrated mining, mineral processing, production and logistics operations for iron ore and intermediate products for the steel industry. Principal projects include, MMX Corumbá System, MMX Amapá System,MMX Minas-Rio System and LLX Logística. (www.mmx.com.br)
The Minas-Rio iron ore project is located in the M
Further to the announcement dated 28 July 2008, Anglo American announces that it has completed the transaction through which Anglo American has acquired control of the Minas-Rio iron ore project and the Amapá iron ore system in Brazil for US$3.5 billion in cash.
Anglo American has acquired a 63.3% shareholding in IronX, which holds a 51% interest in the Minas-Rio iron ore project and a 70% interest in the Amapá iron ore system, at a price of R$28.147 (US$18.056) per IronX share. Anglo American has committed to extend the offer to the minority shareholders of IronX at the same price per share of R$28.147. The successful completion of the offer to the minority shareholders will result in Anglo American owning 100% of the Minas-Rio project, 70% of the Amapá system and 49% of LLX Minas-Rio, the owner of the Port of Açu, at a cost of approximately US$5.5 billion in cash for 100% of the issued and outstanding shares of IronX
Gregory Stangl, CEO of Phoenix Energy, “Our team can now focus on the next two projects in our pipeline. The second will be self-funded and we have already initiated conversations with our funders for our third Project.”