Ruling puts and end to dispute dating back to 2013.
Eike Batista Mining News
Disgraced Brazilian tycoon on trial for insider trading has signed development deals with a South Korean pharmaceutical company and a dog cloning scientist.
Ex-billionaire Eike Batista’s main mining unit became the third of his companies to file for bankruptcy protection in a year.
The news comes only a day after MMX announced it was temporarily halting operations at its only producing mine.
Shares in the company fell by almost 8% on the news, hitting an all-time low.
The ex-billionaire will remain the largest shareholder of the firm he founded in 2005.
The country's securities regulator, known as CVM, has found Batista waited 10 months to disclose that four oil fields were not commercially viable.
Hint: He lost about 99% of his wealth this year.
Sale of Canaverales and Papayal open-pit mines expected to be completed by year-end.
Share prices of oil and gas firm OGX soar as CEO fired and rumours float that Eike Batista may cede control.
A list of the biggest mining fines of 2013 - so far.
Inversiones Cooper Mining buys MMX.