MMX Mineracao e Metalicos S.A. (BOVESPA:MMXM3) seeks partners. MMX said that the search for a partner to help fund its expansion had become harder as the price of iron-ore fell. "Deterioration of price in the market has made for difficult talks," MMX Chief Executive Officer Carlos Gonzalez said.

While talks are continuing, he added, some non-binding proposals have been revised.