Deals
Batista Miner MMX Extends Jump on Glencore Deal Talks: Rio Mover
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MMX Mineracao & Metalicos SA, Brazilian billionaire Eike Batista’s iron-ore producer, headed for the biggest four-day rally in a year after saying it’s in talks to sell a stake or assets to companies including Glencore Xstrata Plc and Trafigura Beheer BV.
MMX rose 1.8 percent to 1.70 reais at 11:23 a.m. in Sao Paulo, taking its four-day gain to 33 percent, the most since July 2012. The rally is paring MMX’s decline this year to 65 percent, the worst performance of emerging-market miners worth at least $500 million after India’s MMTC Ltd.