In order to keep up with seemingly insatiable Asian demand, Brazilian miner MMX (MMXMY.PK -3.3%)...

|By:, SA News Editor

In order to keep up with seemingly insatiable Asian demand, Brazilian miner MMX (MMXMY.PK -3.3%) will invest $2.9B to increase production at existing projects. This follows last week's news of MMX's $2.2B purchase of iron-ore shipping port, PortX.