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How debt woes brought Batista's Brazil empire to the brink

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SAO JOÃO DA BARRA, Brazil (Reuters) - As Brazilian billionaire Eike Batista's EBX industrial empire crumbles, it increasingly resembles his most visible accomplishment, the Port of Açu. In other words, a pile of sand in the middle of a swamp. To build the $2 billion iron ore and oil terminal, shipyard and industrial park 300 kilometers (190 miles) north of Rio de Janeiro, the world's largest dredging ship cut through the beach and dug 13 kilometers (8 miles) of docks out of dune and marsh. To keep tenants dry, the sandy waste is being piled as much as 5 meters over the surrounding flood plain. The complex, one and a half times the size of Manhattan, has another 3-kilometer pier that can dock...

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