- MMX Corumbá Mineração produces iron ore from its Corumbá System in Brazil. Production is expected to ramp up to 6.3 million tonnes per year by 2011. The iron ore produced is of high quality with over 64% iron content. - Between 2008-2011, MMX invested in expanding its mining operations and production capacity in Corumbá. Production of lump and fines increased steadily during this period. By 2011, production included 1.5 million tonnes of sinter feed and 3.8 million tonnes of hematitinha and lump. - This investment supported MMX's goal of increasing its overall production scale and iron ore output to 40 million tonnes per year by 2015

1. Corporate Presentation | October, 2008
THE GROWTH HISTORY
GOES ON...

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
Nelson Guitti – Officer
Marilia Botelho – Manager
Priscylla Setimi - Analyst
Tel. 55 21 2555-5634 / 5558/ 5563
ri@mmx.com.br

3. Corporate Structure
Controlling Shareholders Free Float
64.12% 35.88%
70% 100% 100% 100%
MMX Corumbá
MMX Corumbá MMX Metálicos
MMX Metálicos Minera MMX
Corumbá System MMX Sudeste
MMX Sudeste
MMX Sudeste
Mineração
Mineração Corumbá
Corumbá de Chile
30% Centennial
Asset Corumbá
100% 100% 100%
Bom Sucesso
Bom Sucesso AVG
AVG Minerminas
Minerminas Sudeste System
Bom Sucesso
Greenfield projects developed by MMX: Corumbá System started-up in 2005 (Mining) and 2007 (Metallics); Bom Sucesso start-up scheduled for 2012.
Assets acquired by MMX (AVG: dec-07; Minerminas: jan-08)

4. Assets
MMX S.A. is the exclusive vehicle of EBX Group for investments in mining and metals, focusing on
the production capacity increase through organic growth and the development of new opportunities.
MMX Corumbá System
Iron Ore: 6.3 Mtpy
Pig Iron: 0.4 Mtpy
Billets: 0.4 Mtpy
MMX Sudeste
Forestry Program:
34,000 hectares of MMX Sudeste
eucalyptus forest.
Self-sufficiency in
Iron Ore: 33.7 Mtpy
charcoal by 2017.
Pelletizing Plant 50%-Option
(at Açu Port)
Royalties on MMX Minas-Rio
production
Minera MMX de Chile
Royalties on MMX Amapá
New Business Development production

5. Management
Eike Batista
Eike Batista
CEO & Chairman of
CEO & Chairman of
Board of Directors
Board of Directors
1
1
Joaquim Martino
Joaquim Martino
Executive Officer
Executive Officer
2
2 3
3 4
4
Vitor Feitosa
Vitor Feitosa Chequer Bou-
Chequer Bou- Nelson Guitti
Nelson Guitti
COO
COO Habib
Habib CFO and Investor
CFO and Investor
Commercial Director
Commercial Director Relations
Relations
1
1 Joaquim Martino Former Director of Pelletizing and Metallics, former Director of Carajás Mine and Ponta da Madeira Port (VALE), former
Superintendent of Casa de Pedra Mine (CSN) and former Mining Director of MMX – 27 years of experience
2
2 Vitor Feitosa Former Geology Coordinator, former Chief of Mine Planning and former General Manager of Sustainable Development of
SAMARCO – 24 years of experience
3
3 Chequer Bou-Habib Former Marketing and Administration Director of VALE office in Brussels, former President of SAMITRI, former President of
FERTECO, former CEO of GIIC (VALE subsidiary), former General Director of AVG Mineração (MMX) – 24 years of experience
4
4 Nelson Guitti Former Financial Director of BR DISTRIBUIDORA and former Executive Director of Strategy and Planning of GASPETRO –
20 years of experience

6. High Performance in Strategic Management
Anglo & Cleveland Cliffs
Partnership with MMX Minas-Rio
strategic players 70% Capex contracted
Long Term Off-
Environmental Licensing Take Agreement
Pro-activity (voluntary Eliezer Batista Natural Reserve Traditional Steel
public hearings) Companies
Commitment with the
Environment
July July
2006 2 years 2008
MMX Amapá OTPP
Implementation in Financial Market LLX Logística S/A
record time (14 months) trust
MMX Corumbá Focus on
Mine implemented in 8 infrastructure
months; Pig iron plant projects
implemented in 12
months

7. Effectiveness in projects implementation
Implementation of Amapá
14 Months
System
December, 2004 December, 2007
“Explorers”
1st shipment
September, 2006 December, 2007
Environmental Licensing and Start-up
beginning of construction

8. Results reflected on the outstanding performance of MMX shares
MMXM3 X IBOVESPA (US$)
800
Since IPO
700 (07/24/06 = 100)
600
500 MMXM
400 3 IBOVESPA US$ 4.68
300
277,53
200
100 166,43
0
Oct-06
Nov-06
Oct-07
Nov-07
Jul-06
Aug-06
Dec-06
Jan-07
Feb-07
Jun-07
Jul-07
Aug-07
Dec-07
Jan-08
Feb-08
Jun-08
Jul-08
Aug-08
Sep-06
Apr-07
May-07
Sep-07
Apr-08
May-08
Sep-08
Mar-07
Mar-08
35,0 1600
(US$MM) 29 29 30 31 1414
30,0 1400
25,0 23 23 1200
21 812 1000
20,0 17 1085
16 16 800
15,0 13 450 1107
13 11 600
6 10
5 4 9 104 8
10,0 6
3 22 4 400
19 41 549
5,0 2 1
12 20 21 44 65 59 77 84 95 129
136
200
0,2 0,2 1 27
0,0 0
Nov/06
Nov/07
Jul/06
Jan/07
Jun/07
Jul/07
Jan/08
Jun/08
Jul/08
Apr/07
Apr/08
Set/08
Aug/06
Sep/06
Oct/06
Dec/06
Feb/07
Mar/07
May/07
Aug/07
Sep/07
Oct/07
Dec/07
Feb/08
Mar/08
May/08
Aug/08
*daily average
Volume Traded * Number of Trades*

9. MMX´s Performance Pillars
Iron Ore Market growth
Management delivering as promised
Added value

10. Sustainable Operation: a MMX Value
Health & Safety • Recordable Incidents Frequency Rate
• Occupational Diseases Frequency Rate
• Compliance with hygiene standards
• Compliance with environmental standards 100
• Water consumption
80
• Water recirculation
• Compliance with water grants 60
40
Water
20
resources Relationship with
0 communities
• ETHOS Social Responsibility
Indicators
• Domestic waste • Energy efficiency
generation • Use of renewables
• Reuse of industrial waste Waste Energy
• Charcoal from planted forests

11. Environment: social and environmental awareness and accountability
Strong and close integration with local communities and partnership with technical entities
in social and environmental questions
Guided visits in the Forest site for local students;
Trainee programs;
Forest handling and fire prevention textbooks;
Implementation of communitarian plant nursery and
Stewardship Management
environmental education; Plan - Pantanal
Tree planting program in communities adjacent to the
Forestry Program site;
Local charcoal production and forest diagnosis;
Environment
Week
Permanent local fauna and flora studies;
Seed nursery of native plants for restoring
altered areas.
Ceramic workshop

12. Environment: commitment with Nature
Eng. Eliezer Batista Private Natural Heritage Reserve – 20 thousand protected hectares
MMX, committed with sustained
development principles, has acquired
and maintains the Eng. Eliezer
Batista Private Natural Heritage
Reserve, in the heart of Pantanal
(largest wetland in the world), an
impressive and relevant area in terms
of bio-diversity and natural richness.
This Heritage Reserve will be the first research and studies center of wetlands in the planet, where there are
hundreds of mammals, including jaguars, 300 species of fishes and more than 700 species of birds, some of them
considered endangered species. The Reserve has its Stewardship Management Plan ready since the beginning,
reflecting MMX´s commitment with preservation.

13. Technological innovation: a value creation tool
Research Lab
Projects based on qualified and
robust technical research, using
recognized ultimate technologies
contributing to CAPEX and OPEX
reduction.
Vertical Mill
Roller Press
Ceramic Filter

14. The Growth History Goes on…

15. The Growth History Goes on: 40 Mtpy
Mining Production – Mpty
40.0 40.0 40.0
38.4
MMX Corumbá 6.3 6.3 6.3
6.3
MMX Sudeste
21.6
3.2
32.1 33.7 33.7 33.7
10.8 11.9
6.2 2.1 3.2 18.5
1.9 8.7 8.7
4.3 Total CAPEX
2008 2009 2010 2011 2012 2013 2014 2015 US$ 1,509 million
Metallics Production– thousand tons/years
452 452 452 452
400 400 400 400 400 400 400
357
231 Pig Iron
Billets
34
- -
2008 2009 2010 2011 2012 2013 2014 2015

16. Business Development
Exploration
Exploration
599 areas (mineral grants)
599 areas (mineral grants)
approximately 16,000 km2
approximately 16,000 km2
8 States in Brazil and Chile.
8 States in Brazil and Chile.
iron ore, manganese, copper, bauxite, and others
iron ore, manganese, copper, bauxite, and others
Acquisitions
Acquisitions
MMX is continuosly evaluating business opportunities, searching for increase in production scale and value
MMX is continuosly evaluating business opportunities, searching for increase in production scale and value
creation, in Brazil and abroad (Minera MMX de Chile).
creation, in Brazil and abroad (Minera MMX de Chile).

17. Corumbá System
Mining

18. MMX Corumbá Mineração: Production Ramp-Up & Capex
Production - Mtpy 6.3 6.3 6.3 6.3 Expected Quality (%)
Corumbá
Sinter Feed 1.5 1.5 1.5 1.5 Lump Hematitinha Sinter Feed
Hematitinha (coarse fines) Fe 64.4 64.6 64.7
Lump SiO2 4.6 4.4 3.7
1.0 1.0 1.0 1.0
Al2O3 1.5 1.3 1.4
3.2 3.2
P 0.058 0.065 0.070
PPC 1.1 1.3 1.7
0.8 0.8
2.1
1.9 0.3 0.3
0.5 3.8 3.8 3.8 3.8
0.2
1.9 2.1 2.1
1.4
2008 2009 2010 2011 2012 2013 2014 2015
19.8
18.5
CAPEX US$ 62 million
12.2 11.5
2008 2009 2010 2011

19. MMX Corumbá: Logistics
1.700 km
Current route
Transport in barges down the Paraguay River delivering
3 km
products to South American costumers and shipments to
Europe and USA at Rosario Port:
2.75
Long Term Agreements with international barge
operators.

20. Corumbá System
Metallics

21. MMX Metálicos Corumbá: Production Ramp-Up & Capex
Production Ramp-Up (thousand ton/year)
452 452 452 452
400 400 400 400 400 400 400
357
231 Pig Iron
Billets
34
- -
2008 2009 2010 2011 2012 2013 2014 2015
Pig iron production feeds Billet production.
120
101 Total CAPEX (2008-2015)
US$ 333 million
29
21
17 15 15 15
2008 2009 2010 2011 2012 2013 2014 2015

22. MMX Corumbá: Timeline
2008 2009 2010 2011 2012 2013
Development Construction
Basic Construction
Mina 63
Engineering License
Beginning of
construction
Operation
Operation
License
Start Up 2nd phase
Operation
NE & Rabicho
Development Construction Operation
Construction License Operation Start Up
Basic
license
Engineering
Preliminary Beginning of
License construction
Development Construction Operation
Beginning of Operation license
Billets
Basic and detailed
engineering construction
Start Up

23. MMX Corumbá: Forestry Program – responsible stewardship and
biomass self-sufficiency
After starting up a forest program in 2006, MMX will ramp up charcoal production to reach
self-sufficiency by 2017.
Program:
Target: 34,000 hectares of eucalyptus planting;
Use of innovative technologies – ferti-irrigations;
Partnership with universities and experts;
Partnership with locals for planting - technology and seeds provided by MMX;
Totally mechanized planting process;
Emissions and effluents control;
Environmental education for local communities.

24. MMX Corumbá: Biomass self-sufficiency under way
After starting up a forest program in 2006, MMX will ramp up charcoal production to reach
self-sufficiency by 2017.
Acquired Forests
Ow n Forests
100%
32% 32%
28% 67% 67% 67%
25% 25%
25%
33%
3% 7% 7% 7%
2009 2010 2011 2012 2013 2014 2015 2016 2017

25. Sudeste System
Serra Azul & Bom Sucesso

26. MMX Sudeste: Production Ramp-Up & Capex
Production - Mtpy
33.7 33.7 33.7 Expected Quality (%)
32.1 Serra Azul Bom Sucesso
Pellet Feed Sinter Feed Pellet Feed Pellet Feed
Sinter Feed Fe 66.2 66.4 67.2
Lump SiO2 3.1 2.9 2.5
21.4 23.0 23.0 23.0
18.5 Al2O3 0.9 0.5 0.5
4.8 P 0.045 0.046 0.0339
PPC 1.0 1.1 0.6
8.7 8.7 FeO* 8.8
1.1 1.1 12.3 * aprox 30% magnetite
4.3 9.5 9.5 9.5 9.5
0.1 6.5 6.5
3.2
0.9 1.1 1.1 1.4 1.2 1.2 1.2 1.2
2008 2009 2010 2011 2012 2013 2014 2015
535.7
CAPEX US$ 1,1 billion
290.7
241.3
34.9
10.9
2008 2009 2010 2011 2012

27. MMX Sudeste: Logistics
Serra Azul Serra Azul Business Site:
Conveyor belt linking mine site to railroad
terminal (8km)
Bom Sucesso Business Site:
pipeline linking mine site to MRS (40km)
Railroad:
Long Term Agreement with MRS to grant
transport availability
Bom Sucesso Port:
LLX Port Sudest: second half of 2011
Serra
Azul

28. MMX Sudeste: Timeline
2008 2009 2010 2011 2012 2013
Development Development Construction Operation Operation
Basic Detailed Beginning of Operation Start Up
engineering engineering construction (Hard License (Hard (Hard Itabirite
Procurement Itabirite Plant) Itabirite Plant) Plant)
Serra Azul
Preliminary
Operation License
license
(Soft Itabirite Start Up (Soft
Construction Plant) Itabirite Plant)
Construction
license
Beginning of
construction (Soft
Itabirite Plant)
Development Development Construction Operation Operation
Bom Sucesso
Conceptual and Detailed Beginning of Operation license Start Up
basic engineering construction
engineering
Preliminary
license
Construction
license

29. Cash Uses & Sources – US$ MM
782
598
CAPEX US$ 1.509 bi
657 Acquisitions US$ 417 MM
429 336
Uses
138 274
77 169 28
62
125
62
15 15 15 Total US$ 1.926 bi
2008 2009 2010 2011 2012 2013 2014 2015 2008-2015
782
Cash from Operations US$ 975 MM
Debt US$ 951 MM
598 318
Sources
302
336
152
464
138
295
183 28
138 15 15 15
8 - - -
2008 2009 2010 2011 2012 2013 2014 2015

30. Thank you!
www.mmx.com.br
ri@mmx.com.br
55 21 2555 5557 / 2555 5634 (RI)