BRASIL: Batista's MMX Mining To Spend $2.9 Billion To Expand For China.

BLOOMBERG/
    Fresh off an appearance on America's primetime "60 Minutes" program, Brasil's multi-billionaire Eike Batista (pictured) will spend $2.9 billion usd to expand iron-ore miner MMX Mineracao/ Metalicos Serra Azul mine and others and feed growing demands from econovore China and other Asian nations.