MMX is a Brazilian mining company that produces and exports iron ore. It owns the Serra Azul mine and expansion project in Minas Gerais, as well as rights to mines in Corumbá, Mato Grosso do Sul. MMX has long-term off-take agreements with strategic partners Wisco and SK Networks for 64% of its future production. It owns 35% of Porto Sudeste, a deepwater port in Itaguaí, Rio de Janeiro that provides logistics for exporting MMX's iron ore. The presentation provides an overview of MMX's assets and projects, production targets, mineral reserves, and highlights recent corporate developments.

1. MMX MINERAÇÃO
August | 2014

2. DISCLAIMER
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.

3. MMX INTRODUCTION1.

4. 4
MMX Corumbá
Mineração
MMX Sudeste
100%94,52%
5,48% EBX
CONTROLLING
SHAREHOLDERS
57,42%
WISCO
10,5%
SK
NETWORKS
8,8%
OTHERS
23,28%
Serra
Azul
Bom
Sucesso
SHAREHOLDING STRUCTURE
35%
Porto Sudeste
do Brasil
65%

5. 5
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
Sistema Sudeste
MMX INTRODUCTION
*MMX entered into agreements with Vetria Mineração for the lease of mining rights in Corumbá.

6. 6
RESOURCE BASE
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.
COMPETITIVE
PRODUCTION
COST
STRUCTURE
Low stripping ratio;
Competitive scale;
Energy supply contract with MPX;
Infrastructure with integrated logistics.
GUARANTEED
LOGISTICS
Porto Sudeste at 50 Mtpy, expandable to 100 Mtpy, provides gateway to seaborne
markets;
Long Term Railway Contract with MRS.
SECURED OFF-
TAKE
64% of future production already committed through long-term contracts.
OPERATIONAL
TRACK RECORD
Main operations located in the traditional Serra Azul mining region, in Minas Gerais
Iron Ore Quadrangle.
HIGHLIGHTS

7. 7
HIGHLIGHTS
2012 AUGUST
2014
Conclusion of
the capital
increase in the
amount of R$
1.4 billion;
Renewal of the
lease contracts
for mineral
rights with the
CEFAR,
extending the
terms of validity
from 2021 to
2034;
Conclusion of the
contracting of
supplementary long term
funding for the Sudeste
Superport with BNDES, in
the sum of R$ 935 million;
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;
Sale of all shares
in Minera MMX de
Chile S.A. to
Inversiones Cooper
Mining S.A.
Definitive
agreements
executed by the
Company with
Trafigura and
Mubadala;
The merger of
MMX Porto
Sudeste S.A.
by MMX
Approval of
the business
plan’s revision
of the
Company;
Conclusion of the
investment
operations of
Trafigura and
Mubadala in
Porto Sudeste do
Brasil SA.;
MMX entered
into
agreements
with Vetria
Mineração for
the lease of
mining rights in
Corumbá, which
envisage the
assumption of
certain
contracts

8. 8
FINANCIAL HIGHLIGHTS
237
181
110
0
100
200
300
1Q13 4Q13 1Q14
Net Revenue (R$ million)
140
96
31
0
50
100
150
1Q13 4Q13 1Q14
Gross Profit (R$ million)
-131 -501
-600
-500
-400
-300
-200
-100
0
1Q13 4Q13 1Q14
Adjusted EBITDA (R$ million)
Adjusted EBITDA

9. SUDESTE SYSTEM2.

10. SERRA AZUL UNIT2.1

11. 11
Mine Porto SudesteRailway
Serra Azul unit is near to the MRS
railway - 7 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 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.
Integrated logistic:
Mine > Railway > Port as a
factor of Value Creation
WISCO
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 (14%).
Long-Term contract (20 years).
Wisco will off-take at least 50% of
MMX Sudeste production.
OFFTAKERS (SHAREHOLDERS)
SK NETWORKS
UNIQUE INTEGRATED LOGISTICS
SK and Wisco will together
offtake 64% of total production

12. QUADRILÁTERO FERRÍFERO
Iron ore Quadrangle
Minas Gerais

13. RAILWAY
Railway access connecting MRS
to the Porto Sudeste

14. Expansion project with integrated
logistic and pellet feed iron ore
14
SERRA AZUL
Highlights
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.
Project Status
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%

15. BR
38
1
Itatiaiuçu
Igarapé
São Joaquim
de Bicas
Brumadinho
Sarzedo
Mario Campos
N
Growth through consolidation while
leveraging existing infrastructure
SERRA AZUL
1 2
3 4
5
6
7
8
9
10
11
12
13
14
14
15
15
1 USIMINAS Western
2
3
4
5
6
7
8
9
MRI
USIMINAS Central
Arcelor Mittal
Minerita
Ferrous-Santanense
USIMINAS Eastern
Comisa
Emicon
10
11
12
MMX
USIMINAS Pau de Vinho
Ferrous – Esperança
13 Minera do Brasil
14 Vale
Itaminas15 15

16. Serra azul unit expansion project
UNIDADE SERRA AZUL
16
1 Beneficiation Plant
2
Tailings dam, about 40km away
from the mine, associated with
a tailings pipeline
3
Pipeline with approximately 7km
extension
4
Rail terminal connected to the
MRS rail network
5 Arch extensions
6 Waste deposit
7 Water supply
8 High voltage power station
9 Access
2
6
9
1
5
7
9 9
8
3 4
Itatiaiuçu
Igarapé
São Joaquim de Bicas
Mario Campos

17. Serra Azul Expansion
Beneficiation Plant

18. Earthwork
SERRA AZUL
1
Pump House, Sump and
Thickeners
2 Construction Site
1
1
3 Beneficiation
2
3
4 Grinding
4
5 Substation
6 Grinding
7 Piles
8 Primary Crusher
5
6
7
8
9 Primary Crusher
10
Water Storage
Tank
11
Construction Site
and Warehouse
12
Water Storage
Tank Inc.
9
10
11
12
13 Main Access
14 Administrative Buildings
15 Maintenance Workshop
13 14
15

19. PORTO SUDESTE DO BRASIL2.2

20. Overview
20
35% partnership with Trafigura and Mubadala, with
significant operational track record and extensive
financial capacity.
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
Port capacity.
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
Porto Sudeste | Itaguaí (RJ)

21. 21
Carlos Gonzalez CEO and IRO
Adriana Marques Manager
Phone + 55 21 2163-6197
+ 55 21 2163-6338
E-mail ri@mmx.com.br
MMX
INVESTOR RELATIONS

22. www.mmx.com.br