This document provides an overview and disclaimer for MMX Mineração e Metálicos S.A. In 3 sentences: MMX is a Brazilian mining and metals company focused on iron ore production. It operates the Corumbá System in Brazil and owns assets in the Sudeste System including Serra Azul and Bom Sucesso, as well as assets in Chile through Minera MMX de Chile. The document cautions that statements in the presentation relating to projections and plans constitute forward-looking statements and are subject to risks and uncertainties that could cause actual results to differ materially.

1. January’09
MMX
The only one of its kind

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
Chequer Bou-Habib - IRO
Marilia Botelho – Manager
Priscylla Setimi - Analyst
Tel. 55 21 2555-5634 / 5558/ 5563
ri@mmx.com.br

3. An EBX Group Company

4. EBX´s publicly held companies
All companies are listed in BOVESPA´s Novo Mercado Corporate Governance segment, consolidating a
market capitalization of close to US$ 9 Bi*.
Core Business: Core Business: Core Business: Core Business:
Logistics Mining Oil & Gas Power Generation
Market Cap: Market Cap: Market Cap: Market Cap:
US$ 192 M* US$ 412 M* US$ 8,1 Bi* US$ 396 M*
Controlling Controlling Controlling Controlling
Shareholder: Shareholder: Shareholder: Shareholder:
58% 63% 61% 76%
*Source: Broadcast as of January, 22h 2009; BRL 2,3299/USD (BACEN)
4

5. A unique story

6. The only one of its kind
MMX uniquenesses:
high quality iron ore;
low cash cost, due to the high in situ ore content and
high productivity;
Corumbá MMX Sudeste
System Sudeste secured logistics, through long-term agreements with
System
rail, barges and port services providers, including LLX Sudeste
Port, an EBX group company;
the only independent operating Brazilian
MMX de
Chile
junior mining company;
experienced Management in identifying high value
mining assets, as well as developing and operating them;
proven capability in delivering value to
shareholders.
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. 6

7. In 30 months since IPO (July’06), a lot has been delivered…
Jul
2006
Implementation of MMX Amapá System - mine, railroad and port - in 14-month record
time;
implementation of MMX Corumbá iron ore mine in 8 months;
implementation of MMX Corumbá pig iron furnaces in 12 months;
basic engineering studies of MMX Minas-Rio;
development of strategic partnerships with Anglo American and Cleveland Cliffs;
close of long-term off-take agreements with traditional steel makers in Brazil and
seaborne market;
business restructuring : spin-off of LLX and sale of assets – MMX Minas-Rio and MMX
Amapá - to Anglo American;
development of MMX Sudeste System: assets acquisition, development of secured
logistics and expansion plans;
going abroad: Minera MMX de Chile and the good perspectives of iron ore in Chile.
Dec
2008
7

8. MMX today: creating value once more based on new assets
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 or under development by MMX: Corumbá System started-up in 2005 (Mining) and 2007 (Metallics); Bom Sucesso under basic
engineering studies
Assets acquired by MMX (AVG: dec-07; Minerminas: jan-08) 8

9. Sudeste System
Serra Azul & Bom Sucesso

10. Located at Iron Ore Quadrangle, MMX Sudeste System has an unique
combination of high grade iron ore, low cost and secured logistics.
BOM SUCESSO TENEMENT
LLX SUDESTE PORT
10

11. Serra Azul site: 8.7 Mtpy of capacity reached on Oct’08
Operations Sales & Logistics
Assets acquisitions concluded in Jan’08;
Jan’ Railway capacity secured through long-term
long-
Construction of Magnetic Concentration Plant and a agreement with MRS up to 15 Mtpy;
Mtpy;
series of operational improvements allowed Serra Azul Port capacity secured with CSN Terminal de Carga
site to reach 8.7 Mtpy as annual installed de Itaguaí Port: 2 million tons annually, from 2009 to
Itaguaí
production capacity in Nov, 2008; 2011;
Port capacity from mid-2011 till 2032 will be secured
mid-
through long-term agreement with LLX Sudeste Port
long-
(under final discussions);
Long-term Off-take agreements with domestic
miners and steel makers;
Developing long-term relationship with foreign steel
long-
makers through trialshipments, aiming at becoming a
consistent international supplier.
Concentration Magnetic Plant – Start-up Oct 30’08
11

12. Bom Sucesso site: outstanding magnetite content and logistics
Expected Quality:
Fe: 67.2%
SiO2: 2.5%
AL2O3: 0.5%
P: 0.033%
PPC: 0.6%
FeO: 8.8%
View from the west hillside of the Bom Sucesso mountain ridge
Acquisition of mining rights concluded on July’08;
July’
Unique magnetite content (30%);
The closestiron ore asset to the Brazilian
coast – 240km (lower rail tariff);
Greenfield basic engineering studies and environmental
licensing under development;
Railway capacity under negotiation with MRS to extend
Tests
current contract for additional 17 mt up to 2032.
12

13. MMX Sudeste: aggressive expansion plan to become an
international player
Production Capacity
2009 to 2013
32,1
33,7 Expansion plan built up in 3 phases:
Bom Sucesso Phase I: the installed annual capacity to
Serra Azul 17,4
17,4 reach 8.7 Mtpy has been achieved in Oct’08
18,5 I D
upon the start-up of the Magnetic SE DE
A U
Concentration Plant; PH CL
N
CO
8,7 8,7
18,5
14,7 16,3
4,3
8,7 8,7
4,3
Phase II: Serra Azul brownfield expansion up
2008E* 2009 2010 2011 2012 2013
to 16.3 Mtpy – approx Capex US$360MM
PHASE I PHASE II PHASE III
* Expected production Current under detailed engineering and licensing
studies
492 Total Capex*
US$ 1,026 MM
Phase III: Bom Sucesso greenfield project,
362
251 241
adding 17.4 Mtpy of high magnetite iron ore –
105
168 approx Capex US$640MM
31 146 130
73 11 Current under basic engineering studies
23 -
11
2008 2009 2010 2011 2012
*Capex and timeline to be confirmed upon conclusion of detailed engineering studies and analysis of market conditions; average exchange rate R$2.12 13

14. LLX Sudeste Port: dedicated to iron ore
Initial ore handling
capacity of 25 Mtpy
(Licensing process for 50
Mtpy);
The project includes a
521,000 m² area with
direct ocean access that is
being developed for iron
ore handling and
stockpiling;
20.0 meters depth
Sized to berth large
vessels of up to 200,000
tons.
14

15. Chile

16. Iron Ore in Chile: quality & logistics
50km distant from the Chilean coast
approx 1,760 hectares
Pellet feed with high magnetite content
Existing railroad (FERRONOR)
Patrícia
4 mining rights (2 purchase and options
Bella
agreements)
USD 44,5 million
(USD 26 million already paid)
Fortuna-
Fierro 2-year drilling campaign to begin in 1Q09
USD 17 million
Preliminary tests in Ouro Preto pilot plant:
-Fe: 67,50%
Teatino
s - SiO2: 2,5%
- Al2O3: 0,85%
- P: 0,015%
16

17. Logistics: Puerto Punta Cachos
EBX has 240,000 ha property at Atacama region
Permits to develop the urban, industrial and port
zones
Water availability with permits
Guaranteed site contract for:
Puerto
Punta Cachos 89ha of premium area (port)
782 ha of retro-area
Unlimited scalability for a long-term
development
Located close to mining players
Opportunities for industrial businesses:
Port / Thermo
17

18. Corumbá System
Mining & Metallics

19. MMX Corumbá Mineração
Development in 2008:
conclusion of NE&Rabicho mineral rights acquisition;
implementation of new mine route, reducing transportation
inside the mine from 12.5km to 2.5km (costs and time
savings);
construction of tailings dam;
implementation of water recovering system;
implementation of industrial jigging test;
new mining rights under registration
Corumbá lump ore
Production Capacity** 6,3
2009 to 2013
Significant impact on costs
3,1
NE & Rabicho Mine
63 Mine 3,2 3,2
2,1
1,4
3,2 3,2 3,2
MMX announced adjustments on Corumbá iron 1,4
2,1
ore mine due to demand constraint, mainly the
2008E* 2009 2010 2011 2012
Pig Iron plant, the major client. PHASE I PHASE II PHASE III
* Expected production
**Capex and timeline to be confirmed upon conclusion of detailed engineering studies and analysis of market conditions 19

20. MMX Corumbá: Sales & Logistics
Logistics
Transport is made by barges down the Paraguay River
delivering products to South American customers and to
Rosario Port, where cargo is shipped to Europe.
MMX has long-term contracts with local and international
barge operators;
Rosario Port in Argentina: Handymax vessels
Ladário Port
Sales
The single client for iron ore in the domestic market is
MMX own pig iron plant (35%) sales at market prices;
MMX has Long Term Supply Agreements – 5 years, in
average - with traditional steel makers in South America
and Europe.
20

21. MMX Metálicos Corumbá: Pig Iron plant
Pig Iron:
2 blast furnaces already with total installed capacity;
partnership with local charcoal suppliers, aiming at improving charcoal production techniques;
forestry program in progress:
self-sufficiency to be reached in 2017;
acquisition of pinus forests to expedite own charcoal production rate.
MMX announced adjustments of pig iron
output due to the current economic scenario,
as of end of November. Operations are
expected to resume upon the improvement in
global economic conditions.
21

22. Thank you!
www.mmx.com.br
ri@mmx.com.br
55 21 2555 5634 / 2555 5558 (RI)