Reuters quoted Mr Roger Downey CEO of MMX as saying that Chinese steelmaker Wuhan Iron & Steel has yet to decide whether it will buy shares of Brazilian iron ore miner MMX as part of a USD 2.2 billion capital injection.

WISCO owns 21.5% of MMX.

It may be noted that MMX plans to issue 267.2 million new shares at a price of BRL 13.963 each to help fund the purchase of iron ore mines and the buyout of logistics company LLX Sudeste.

(Sourced from www.reuters.com)