Batista Miner Counting on Trafigura to Emerge From Debt Woes

Updated on
  • CEO expects to sell mining, logistics assets by year-end
  • MMX is also working on restructuring holding company debt

A year ago, former billionaire Eike Batista’s iron-ore unit was halting output and battling creditors as prices plunged. Now it’s planning to reemerge with the help of commodities trader Trafigura Beheer BV.

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