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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)