MMX Asks Holders for Equity

Brazil’s MMX Mineracao e Metalicos plans to raise up to BRL1.37bn ($646m) in fresh equity capital through a rights offering, the miner says. The plan is for existing shareholders to subscribe to up to 349m shares at BRL3.92 each through January 13. MMX shares closed Monday at BRL3.72. Controller Eike Batista bought 31m shares in October, taking his position in the company to 46.4%.