2. 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.
DISCLAIMER
5. HIGH QUALITY MINING ASSETS IN TRADITIONAL
MINING DISTRICTS
Sudeste System
Serra Azul Unit
Bom Sucesso Unit
Corumbá System
Sudeste Superport
Two operating systems: Serra Azul and
Corumbá
Current Capacity: 10.8 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
Expanding up to around 40 Mtpy in Brazil,
through fully integrated systems: Private
port
Strategic port location
5
6. 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.
64% of future production already committed through long-term contracts
Experience management team with implementation and operational expertise
Installed Capacity of 10.8 Mtpy (Serra Azul and Corumbá sites)
Sudeste Superport at 50 Mtpy, expandable to 100 Mtpy, provides gateway to
seaborne markets
Long Term Railway Contract with MRS
Low stripping ratio
Competitive scale – New beneficiation plant
Energy supply contract with MPX
Infrastructure with integrated logistics
Resource Base
Secured Off-take
Operational
Track Record
Guaranteed
Logistics
Competitive
Production Cost
Structure
INGREDIENTS FOR A SUCCESSFUL IRON ORE
BUSINESS
6
7. New certification of mineral resources (SRK and Coffey Mining) totaling 3.6 billion
tons considering Serra Azul Unit, Mina Pau de Vinho and Bom Sucesso
Conclusion of the contracting of supplementary long term funding for the Sudeste
Superport with BNDES, in the sum of R$ 935 million
Renewal of the lease contracts for mineral rights with the CEFAR, extending the
terms of validity from 2021 to 2034
Arrival of 2 Ship Loaders in the Sudeste Superport
Conclusion of the capital increase in the amount of R$ 1.4 billion
BNDES approves eligibility for a long term financing for Serra Azul
Conclusion of the offshore civil works at the Sudeste Superport
Issuance of debentures at the amount of R$ 600 million
Public hearings in Itaguaí and Mangaratiba for the expansion of the Sudeste
Superport to 100 Mtpy
Beginning of construction of the Serra Azul Unit expansion
Installation License authorizing the Serra Azul Unit expansion
April
2013
January
2012
A LOT HAS BEEN DELIVERED
7
11. UNIQUE INTEGRATED LOGISTICS
Since Iron ore is a bulk commodity, an integrated logistic (mine
railway port) is the key factor for a successful operation
Mine SuperportRailway
Serra Azul unit is near to the
MRS railway - 10 km from the
mine, a distance currently
traversed by trucks.
MMX has a long term contract
with MRS railway, which connects
the mine with the CSN’s port and
the Sudeste Superport, both
located in Itaguaí.
Sudeste Superport will have
50Mtpy iron ore shipping
capacity. The Superport will have
a depth of 20 meters, enough to
handle Capesize vessels.
Offtakers (Shareholders)
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 Capital (9%).
SK and Wisco will together
offtake 64% of total production
Long-Term contract (20 years). Wisco will
off-take at least 50% of MMX Sudeste
production.
11
14. Contract signed on December 28th 2011.
Long term contract through 2026.
Provides for a volume of up to 36 million tons of iron ore per year.
MRS CONTRACT
MMX signed a long term contract for railway services
14
15. SERRA AZUL
Expansion project with integrated logistic and pellet feed iron ore
Highlights
Production target: 29 Mtpy
64% of production already committed through long-term contracts
997.4 million tons of reserves already secured by SRK
Execution Update
Beginning of construction of Serra Azul Unit expansion
Construction license issued in April, 2012
Acquisition of stirrers, thickeners, gyratory crushers, ball mills, SAG
mills and vertical mills for the new beneficiation plant
Contract with CNEC WorleyParsons
Contract with MPX to supply power for 15 years at a base-price of
R$125/MWh
Expected Quality – Ouro Preto pilot plant test work
Fe: 66.65% P: 0.025%
SiO2: 3.23% Mn: 0.018%
AL2O3: 0.54% LOI: 0.75%
15
19. Primary CrusherGrinding
Construction Site
Beneficiation Main Access
Water Storage Tank
Grinding
Primary Crusher
Pump House, Sump
and Thickeners
Substation
Piles Construction Site
and Warehouse
Water Storage Tank
Inc.
Administrative
Buildings
Maintenance
Workshop
Earthwork
SERRA AZUL
23. SUDESTE SUPERPORT
Overview
Licensed to 50 Mtpy, expandable to 100 Mtpy
Licensing for 100 Mtpy underway, public
hearing held on May, 2012
Navy Approval to 100 Mtpy
Loading: 2 ship loaders of 25 Mtpy each
Construction works for the tunnel and
offshore infrastructure completed
Fully funded (BNDES)
23
Sudeste Superport - Itaguaí
24. USIMINAS AGREEMENT
SRK resources audit : 805 million tons
Pau de Vinho target production: 8 Mtpy
Significant synergies with current
mining operations at Serra Azul
13.5% of production at Pau de Vinho
will be delivered to Usiminas
MMX will be responsible for the
licensing, CAPEX and operation for 30
years
Volumes:
■ Up to 12 Mtpy
80% Take-or-Pay
Usiminas can renew the contract in
2016 for 1 to 5 years
Pau de Vinho Joint Mining Sudeste Superport Handling
24
27. Sudeste Superport
Stockyard Elevation 6 m
27
Stockyard 32
Stockyard 6
Road Access
Stacker Reclaimer
Rolling Way
Car Dumpers
Stacker Reclaimer
Infrastructure
Car Dumpers Control Room
41. CORUMBÁ
Highlights
Current Capacity: 2.1 Mtpy
Long-term contracts signed with local and
international barge operators
SRK audit resources report: 192 million tons
plus a potential of an additional 123 million
tons
41
42. Investor Relations
Carlos Gonzalez – CEO and IRO
Adriana Marques – Manager
Daniella Maia - Analyst
Phone + 55 21 2163-6197
+55 21 2163-4366
ri@mmx.com.br
