REFILE-Brazil's LLX obtains permit to build Sudeste Port

Mon Aug 3, 2009 5:56pm IST

Related Topics

(Refiling to correct day in first paragraph)

RIO DE JANEIRO Aug 3 (Reuters) - LLX Logistica LLXL3.SA, the Brazilian logistics company controlled by billionaire Eike Batista, said on Monday it received regulatory approval for the construction of the Sudeste Port, a port terminal that could handle 50 million tonnes of iron ore annually in its initial phase.

The Rio de Janeiro-based company said the license, issued by Rio de Janeiro State's Environmental Institute, is a key requirement for the construction, which is scheduled to begin in the second half of 2009. The port is expected to start operations in 2011. (Reporting by Guillermo Parra-Bernal, editing by Maureen Bavdek)