CORPORATE PRESENTATION       JULY 2008
DISCLAIMER This presentation relating to MMX Mineração e Metálicos S.A. (“MMX”) includes “forward-looking statements”, as ...
MMX & Anglo American Transaction          Corporate Structure before Restructuring and Anglo’s proposal                70%...
MMX & Anglo American Transaction          Corporate Structure after Restructuring and the approval of Anglo’s proposal    ...
MMX & Anglo American Transaction     Summary –    Payment to IronX shareholders (including tag along) totaling US$5,518,54...
MMX & Anglo American Transaction     Transaction Timeline       Announcement of the Transaction: January 17, 2008       Ex...
MMX IN THE STOCK MARKETS – BOVESPA AND TSX     Capital Stock – 304,609,840 common shares                     FreeFloat - G...
MMXM3 IN NOVO MERCADO - BOVESPA                 Price(US$)                                                                ...
MMX – POSITIVE PROGRESS RECOGNIZED     MARKET CAP INCREASED 7x REACHING US$10 B             IRON ORE MARKET GROWTH        ...
NEW MMX    MMX is the exclusive vehicle for mining projects: now developing the 4th System                                ...
MMX CORUMBÁ SYSTEM – MARKETING STRATEGY Our Marketing strategy contemplates the sale of the production through Long Term S...
MMX CORUMBÁ SYSTEM - TIMELINETotal Production                                                                             ...
MMX SUDESTE SYSTEM* - HIGHLIGHTS     MMX                                    AVG acquisition - concluded in December, 2007 ...
MMX SUDESTE SYSTEM* - TIMELINE          Total estimated capex of US$40 million for 2008+ 2009 approved                    ...
MMX SUDESTE* – REGIONAL LOCATION                 Mining Rights - lay Out                                  SOMISA (J Mendes...
LLX LOGÍSTICA S.A. – Highlights                                  LLX was created in March 2007, aimed at exploring the    ...
LLX – PROJECTS   LLX will build 3 major port systems in the Southeast region of Brazil                                    ...
LLX – PORT AÇU                      LLX Minas-Rio (Ore) / LLX Açu (non-Ore)          300ha back area;                     ...
LLX – PORT BRASIL – Overview Port Brasil is a private port located in São Paulo State, the country’s primary economy engin...
LLX – PORT BRASIL – Logistics Connections    Port Brasil will be connected by 1800 km of railway track (ALL) and by a four...
LLX – PORT SUDESTEMain Activities:     The port is located in the State of Rio de Janeiro, adjacent to Itaguai Port at Sep...
LLX – PORT SUDESTEMMX Sudeste* iron ore logistics to Port Sudeste:                                                        ...
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Corporate presentation – july 2008

  1. 1. CORPORATE PRESENTATION JULY 2008
  2. 2. DISCLAIMER 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 written consent. Investor Relations www.mmx.com.br/ri Nelson Guitti – Officer Praia do Flamengo 66, 10º floor Rio de Janeiro, Brazil 22210-030 Elizabeth Cruz – Manager Gina Pinto - Analyst Tel. 55 21 2555-5634 / 5558/ 5563 ri@mmx.com.br
  3. 3. MMX & Anglo American Transaction Corporate Structure before Restructuring and Anglo’s proposal 70% 70% 51% 100% 85% 100% MMX Corumbá MMX Amapá MMX Minas-Rio MMX SUDESTE* LLX Logistica MMX Metálicos 30% Centennial 30% Cleveland 49% Anglo 15% OTPP Asset Corumbá Cliffs American 51% 70% LLX Minas-Rio LLX Açu Minas-Rio Project 49% Anglo American 30% Centennial Asset Participações Logística* Former AVX Mineração 1
  4. 4. MMX & Anglo American Transaction Corporate Structure after Restructuring and the approval of Anglo’s proposal MMX current Controlling Current Minority shareholders Shareholders & Shareholders of MMX of MMX 100% 100% 57% 43% IronX MMX Metálicos 70% 51% 70% 51% 70% 100% MMX Amapá MMX ( 2 ) MMX ( 3 ) MMX LLX LLX (1) Minas-Rio Corumbá SUDESTE* Minas-Rio Açu 30% 49% 30% 49% 30% Cleveland Cliffs Centennial Asset Centennial Asset Corumbá Participações Logística( 1 ) Includes 100% of Metallics Amapá; ( 2 ) Includes MMX´s option in 50% of future Pelletizing Plant; (3) Includes 100% of Metallics Corumbá 2* Former AVX Mineração
  5. 5. MMX & Anglo American Transaction Summary – Payment to IronX shareholders (including tag along) totaling US$5,518,547,123.63 – US$18,056 per share Establishment of royalties agreement, where IronX pays equivalent to 2.415% of the EBITDA (excluding Sales, General and Administrative Expenses but including the Stay in Business Capital Expenditures, as defined in the respective agreement) of MMX Minas-Rio, limited to US$50 million annually, and 3.276% of the EBITDA (duly adjusted as defined in the respective agreement) of MMX Amapá, limited to US$14 million annually. Current MMX shareholders will receive equivalent LLX public shares and integral maintenance of participation in the Company: Conditions Completion of MMX S.A. restructuring terms in addition to IronX shares buy-sell agreement between Controller and Anglo MMX restructuring approval by MMX Board of Directors at Board Meeting and by the shareholders at the Shareholders’ Meeting Final transaction documentation and terms approval by Anglo’s Board of Directors 3
  6. 6. MMX & Anglo American Transaction Transaction Timeline Announcement of the Transaction: January 17, 2008 Execution of Share Purchase Agreement signing between Anglo and Controller: March 31, 2008 MMX’s Board meeting approved the Company’s partial split-up and authorized to call the Shareholders’ Meeting: April 7, 2008 Extraordinary Shareholders’ Meeting: June 19, 2008 Controller stake sale financial closing: after Shareholders’ Meeting IronX and LLX listing on Bovespa: after Shareholders’ Meeting IronX’s remaining shareholders’ tag along offer: after public listing of IronX and consequent CVM public offering registrationFurther annoucements will be made in due course upon execution of the definitive transaction documents 4
  7. 7. MMX IN THE STOCK MARKETS – BOVESPA AND TSX Capital Stock – 304,609,840 common shares FreeFloat - Geographic Distribution 2% 2% Controlling 9% Shareholder and 9% Management Brazil 34% FreeFloat United States 21% Canada EU 66% 41% GDRs Asia Other 16% BOVESPA (MMXM3) TSX (XMM) MMXM3 is included in the Differentiated GDRs commenced trading on June 27, 2007 Corporate Governance Stock Index GDR per share ratio of 1:1 Ordinary shares, 100% tag along Depositary Bank: The Bank of New York Successful IPO on July 24, 2006: US$ 509 million, 5
  8. 8. MMXM3 IN NOVO MERCADO - BOVESPA Price(US$) MMXM3 X IBOVESPA US$ 33 40 35 MMXM3 625.5% IBOVESPA 164.2% 30 25 20 MMXM3 IBOVESPA 15 10 5 0 (US$MM) 35,0 29 29 30 812 1000 30,0 800 23 25,0 21 20 20,0 16 16 450 600 15,0 13 10 13 11 400 5 6 4 9 104 549 10,0 3 4 6 22 129 136 200 5,0 19 2 0,2 0,2 1 1 12 20 21 44 27 41 65 59 77 84 95 0,0 0 Nov/06 Nov/07 Jul/06 Jul/07 Jan/07 Jun/07 Jan/08 Jun/08 Aug/06 Dec/06 Feb/07 Mar/07 Apr/07 Aug/07 Dec/07 Feb/08 Mar/08 Apr/08 Oct/06 May/07 Oct/07 May/08 Sept/06 Sept/07 Volume Traded * Number of Trades**daily average 6
  9. 9. MMX – POSITIVE PROGRESS RECOGNIZED MARKET CAP INCREASED 7x REACHING US$10 B IRON ORE MARKET GROWTH MANAGEMENT DELIVERING AS PROMISED ADDED VALUE 7
  10. 10. NEW MMX MMX is the exclusive vehicle for mining projects: now developing the 4th System Amapá System Royalties • Açu Pellet Plant Option • Minas-Rio Royalties MMX Corumbá System Iron Ore: 4.9 Mtpy Pig Iron: 0.4 Mtpy Semi-Finished: 0.5 Mtpy MMX Sudeste System * Iron Ore: 20 Mtpy Engineer Eliezer Batista Natural Reserve New MMX includes marketable Securities + Cash + Royalties* Former AVX Mineração 8
  11. 11. MMX CORUMBÁ SYSTEM – MARKETING STRATEGY Our Marketing strategy contemplates the sale of the production through Long Term Supply Agreements. Long Term Supply Agreements already signed with traditional steel companies. Iron Ore 64% of iron ore Customer Term Quantity production in 2008 AMERICAS 2007-2012 500 ktpa already commited under existing LT EUROPE 2007-2012 640 ktpa Supply Pig Iron Plant *** 700 ktpa Agreements. Pig Iron Customer Term Quantity Cargill´s take AMERICAS 2007-2012 308 ktpa represents 75% of total pig iron production. 9
  12. 12. MMX CORUMBÁ SYSTEM - TIMELINETotal Production 3.5 4.9 4.9 1.5 2.1 0.7 0.1 0.4 0.4 0.2 0.4 0.5 0.4 0.5 2003 2004 2005 2006 2007 2008 2009 2010 2011 Engineering; Start-up Start-up Mini Asset acquisitions begin Pig Iron Mill Corumbá drilling Corumbá Start-up Start-up Corumbá second iron Mine ore plant Iron ore (Mt) Pig iron (Mt) Semi-finished (Mt) MMX Corumbá System Iron Ore: 4.9 Mtpy Pig Iron: 0.4 Mtpy Semi-Finished: 0.5 Mtpy 10
  13. 13. MMX SUDESTE SYSTEM* - HIGHLIGHTS MMX AVG acquisition - concluded in December, 2007 for US$224 million in 5 annual installments Minerminas acquisition – concluded in March, 2008 for US$ 115,6 million in 7 semi-annual installments Export contracts under negociation New aquisitions to be concluded Port Açu Current sales – around 75% to the domestic market Current logistics: MRS railway and Sepetiba Port Future logistics: MRS railway system connecting to Port Sudeste Port Sudeste* Former AVX Mineração 11
  14. 14. MMX SUDESTE SYSTEM* - TIMELINE Total estimated capex of US$40 million for 2008+ 2009 approved MMX Sudeste* High quality products – sinter feed (63%) + lump (21%)+ pellet feed (16%) AVG + Minerminas Production capacity expantion to 20 Mtpy under analysis New acquisitons Engineering studies are being carried to define the capex for expansion from 2009 UNDER UNDER 10 ANALYSIS ANALYSIS 6.6 6.1 2007 2008 2009 2010 2011 2012 Asset Studies to acquisitions increase capacity* Former AVX Mineração 12
  15. 15. MMX SUDESTE* – REGIONAL LOCATION Mining Rights - lay Out SOMISA (J Mendes) J Mendes Itatiaiuçu Itatiaiuçu Santanense Minerita COMISA Global (J Mendes) Minerminas EMICON Serra da Farofa AVG + Minerminas Pau de Vinho (J Mendes) Esperança*Former AVX Mineração 13
  16. 16. LLX LOGÍSTICA S.A. – Highlights LLX was created in March 2007, aimed at exploring the significant growth potential in infrastructure and logistics services through the development of major port systems in the Southeast region of Brazil. Its main strengths are: Strategic locations and large back-areas; Low-cost operational model; Long Term contracts with diversified sectors and synergies generated within the EBX Group; Experienced management team; Social and Environmental Responsibility. 14
  17. 17. LLX – PROJECTS LLX will build 3 major port systems in the Southeast region of Brazil Port Açu - “Super Port” Mixed-use terminal sized to berth carriers up to 200,000 tons Back-area covering 7,800 ha Draft of 18.5 m Main Products: Iron Ore from MMX Minas-Rio Pipelines; steel, coal, granite, ethanol/ oil derivatives, LNG and containers. Port Sudeste Port terminal located in the Itaguaí Industrial Area Accessed by MRS railway Best poised to capture transportation of Minas Gerais main Iron Ore producers Draft of 18.5 m Area covers 52.1 ha Port Brasil - “Super Port” Mixed-use port terminal Total Area of 1,950 ha Draft of 18.5 m Main Products: Containers, iron ore, agricultural bulk, liquid bulk and fertilizers. 70 km from its main competitor, with huge competitive advantage: major expansion area and 2x current container capacity Every Port facilitiy has been designed to comply with ISPS (International Ship and Port Facility Security Code) regulations 15
  18. 18. LLX – PORT AÇU LLX Minas-Rio (Ore) / LLX Açu (non-Ore) 300ha back area; 7,500 ha of adjacent industrial complex Connecting bridge; with: power plants, steel complex, oil Access channel; industries, assembly plants among Breakwater; others; Dredging; Right to build additional berths; Iron ore handling terminal at Port Açu 2 main revenue streams: 1) handling and (economics supported by MMX Iron Ore services fees and 2) industrial area lease; throughput, under a pre-established IRR Shared infrastructure agreement to be target – 15% true-up clause). established with LLX Minas-Rio will give LLX Açu access to the connecting bridge, access channel and breakwater. 16
  19. 19. LLX – PORT BRASIL – Overview Port Brasil is a private port located in São Paulo State, the country’s primary economy engine Mixed-use port terminal designed for operating containers, iron ore, agricultural bulk, liquid bulk andfertilizers . A major container player with a capacity of over 4 million TEUs to be reached modularly by 2032; Deepest draft : 18.5 m, longest uninterrupted quay and largest yard among its competitors in Port of Santos,designed to serve Super Containerships (> 11,000 TEUs) and Capesize vessels; Direct link to rail (ALL) and a four-lane highway (Padre Manoel da Nobrega); Located outside public port area, strong competitive advantage due to reduced costs.One single operator, vis-à-vis Santos where shipping companies have to negotiate with several differentterminals;One single back-area (Santos has several, in different sites of the port) thus avoiding the need of expensivecontainer repositioning;Opportunity to consolidate operations in a single terminal with a contiguous industrial park which will houseseveral high value added industries such as electro-electronics ,metal mechanics and assemblers. 17
  20. 20. LLX – PORT BRASIL – Logistics Connections Port Brasil will be connected by 1800 km of railway track (ALL) and by a four lane highway (Padre Manoel da Nóbrega) 18
  21. 21. LLX – PORT SUDESTEMain Activities: The port is located in the State of Rio de Janeiro, adjacent to Itaguai Port at Sepetiba Bay. The whole area of 512,000 m² is dedicated to iron ore operation. Draft of 18.5 m. The region is served by railway (MRS) and road (Coastal Highway BR-101); the federal government has just approved investment in a road connecting the port area to the Rio-São Paulo highway; The area is already available. Licensing and construction can be done in relatively short time; operation of the iron ore terminal (storage and shipping) could start in 2011. Iron Ore Up to 25.0 mtpy 19
  22. 22. LLX – PORT SUDESTEMMX Sudeste* iron ore logistics to Port Sudeste: Port Sudeste Overview Igarapé MRS AVX Port Açu Port SudesteCurrently Transportation contract secured with MRS and port access with CSN Sepetiba Terminal until 2011, when Port Sudeste starts up.* Former AVX Mineração 20

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