The Commodities trader has teamed up with Abu Dhabi'ssovereign wealth fund Mubadala Development Company to invest $400m inSudeste Superport in the state of Rio de Janeiro, according to a statement.
Listed company MMX Mineracao e Metalicos (MMX), in whichBatista holds a controlling stake, is building the facility which will haveinitial capacity to handle 50 million tonnes per annum (mtpa) of iron ore whenit begins commercial operations in the middle of next year.
Trafigura
