This presentation relating to MMX Mineração e Metálicos S.A. (“MMX”) includes “forward-looking statements”, as that term is defined in the Private Securities
Litigation Reform Act of 1995, in Section 27A of the Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. All statements
other than statements of historical facts are statements that could be deemed forward-looking statements and are often characterized by the use of words
such as “projects”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, “may”, “will”, or “intends”, or by discussions or comments about our
objectives, strategy, plans or intentions and results of operations. Forward-looking statements include projections regarding our operating capacity, operating
expenditures, capital expenditures and start-up dates.
By their nature, these forward-looking statements involve numerous assumptions, uncertainties and opportunities, both general and specific. The risk exists
that these statements may not be fulfilled or, even if they are fulfilled, the results or developments described in such statements may not be indicative of
results or developments in future periods. We caution participants of this presentation not to place undue reliance on these forward-looking statements as a
number of factors could cause future results to differ materially from these statements.
Forward-looking statements may be influenced in particular by factors such as the ability to obtain all required regulatory approvals on a timely basis or at
all, exploration for mineral resources and reserves, difficulty in converting geological resources into mineral reserves, and changes in economic, political and
regulatory conditions. We caution that the foregoing list is not exhaustive. When relying on forward-looking statements to make decisions, investors should
carefully consider these factors as well as other uncertainties and events.
MMX does not undertake to update our forward-looking statements unless required by law. This presentation is neither an offer to sell (which can only be
made pursuant to definitive offering documents) nor a solicitation of an offer to buy any securities in the United States, or any other jurisdiction. The
securities referred to herein have not been registered in any jurisdiction, and in particular, will not be registered under the U.S. Securities Act of 1933, as
amended, or any applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from
such registration requirements.
This presentation and its contents are proprietary information and may not be reproduced or otherwise disseminated in whole or in part without MMX’s prior
Operating system: Serra Azul;
Current Capacity: approximately 7 Mtpy;
Mining rights in traditional iron ore districts:
Brazil (Minas Gerais and Mato Grosso do Sul);
Production committed with strategic
consumers – China and South Korea –
through long-term contracts;
Brownfield start up in Brazil;
Strategic port location.
Sudeste System | MG
Serra Azul Unit
Corumbá System | MS*
Porto Sudeste | RJ
*MMX entered into agreements with Vetria Mineração for the lease of mining rights in Corumbá.
SRK and Coffey Mining certifications (Serra Azul, Pau de Vinho e Bom Sucesso): 3,6
billion tons of mineral resources. Reserves of 1 billion tons in Serra Azul.
Low stripping ratio;
Energy supply contract with MPX;
Infrastructure with integrated logistics.
Porto Sudeste at 50 Mtpy, expandable to 100 Mtpy, provides gateway to seaborne
Long Term Railway Contract with MRS.
64% of future production already committed through long-term contracts.
Main operations located in the traditional Serra Azul mining region, in Minas Gerais
Iron Ore Quadrangle.
increase in the
amount of R$
Renewal of the
rights with the
terms of validity
from 2021 to
Conclusion of the
supplementary long term
funding for the Sudeste
Superport with BNDES, in
the sum of R$ 935 million;
3.6 billion tons
Serra Azul Unit,
Mina Pau de
Vinho and Bom
Sale of all shares
in Minera MMX de
Chile S.A. to
executed by the
The merger of
Conclusion of the
Porto Sudeste do
the lease of
mining rights in
Mine Porto SudesteRailway
Serra Azul unit is near to the MRS
railway - 7 km from the mine, a
distance currently traversed by
MMX has a long term contract with
MRS railway, which connects the mine
with the CSN’s port and the Porto
Sudeste, both located in Itaguaí.
Porto Sudeste will have 50Mtpy iron
ore shipping capacity. The Superport
will have a depth of 20 meters,
enough to handle Capesize vessels.
Mine > Railway > Port as a
factor of Value Creation
Long-Term contract (20 years) to
trade iron ore. SK will take-off part of
the Sudeste System yearly production
equivalent to its participation in MMX
Long-Term contract (20 years).
Wisco will off-take at least 50% of
MMX Sudeste production.
UNIQUE INTEGRATED LOGISTICS
SK and Wisco will together
offtake 64% of total production
Iron ore Quadrangle
Railway access connecting MRS
to the Porto Sudeste
Expansion project with integrated
logistic and pellet feed iron ore
Production target: 15 Mtpy waiting of new partner;
64% of production already committed through long-term contracts;
997.4 million tons of reserves already secured by SRK.
Installation License issued in April, 2012;
Beginning of construction of Serra Azul Unit expansion (earth work completed in the beneficiation plant area);
Expected Quality – Ouro Preto pilot plant test work
Fe: 66,65% P: 0,025% AL2O3: 0,54%
SiO2: 3,23% Mn: 0,018% LOI: 0,75%
Growth through consolidation while
leveraging existing infrastructure
1 USIMINAS Western
USIMINAS Pau de Vinho
Ferrous – Esperança
13 Minera do Brasil
Serra azul unit expansion project
UNIDADE SERRA AZUL
1 Beneficiation Plant
Tailings dam, about 40km away
from the mine, associated with
a tailings pipeline
Pipeline with approximately 7km
Rail terminal connected to the
MRS rail network
5 Arch extensions
6 Waste deposit
7 Water supply
8 High voltage power station
São Joaquim de Bicas
35% partnership with Trafigura and Mubadala, with
significant operational track record and extensive
Long term contract with MMX Sudeste for port handling
services of 7 Mtpy with an expandable option to increase
to 13 Mtpy until 2015.
In case of Port expansion to up to 100 Mtpy, MMX’s
shipping right can also be increased by 13% of extended
The whole internal trading of iron ore will be made
through the Porto Sudeste.
MMX shall have an option to acquire an additional stake
of up to 7.5% in PortCo, for a final stake of up to 42.5%.
Porto Sudeste | Itaguaí (RJ)
Carlos Gonzalez CEO and IRO
Adriana Marques Manager
Phone + 55 21 2163-6197
+ 55 21 2163-6338