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.
3. SUMMARY – MMX INTEGRATED SYSTEMS
Highlights.......................................................... 01 LLX Logística
Integrated Systems – Geographic Location...... 02
Geological Resources and Reserves............... 03 Highlights......................................................... 11
Açu Port........................................................... 12
MMX Corumbá System
MMX Mineração e Metálicos S.A.
Project Timeline................................................ 04
Project Progress Update.............................. 05 and 06 Corporate Structure...........................................13
MMX and Anglo American.................................14
MMX Amapá System CAPEX..............................................................15
MMXM3 in Novo Mercado.................................16
Project Timeline................................................ 07 Stock Performance............................................17
Project Progress Update.................................. 08 Toronto Stock Exchange...................................18
Corporate Governance......................................19
MMX Minas-Rio System Main Events in 2006 and 2007.....................20 and 21
Board of Directors & Executive Officers............22
Project Timeline............................................... 09
Project Details.................................................. 10
4. HIGHLIGHTS
A Newborn Company and an option for iron ore
supply from Brazil
High quality iron ore to be produced in three different
regions in Brazil, from three fully integrated independent
systems -> 38 million ton/year from 2011.
Successful IPO on July 24, 2006: US$ 509 million, the
largest offering held in Brazil.
Experienced management team to carry out and guarantee
the execution of all projects on time.
LLX Logística: additional value for MMX’s shareholders
and development of opportunities in Brazil.
Anglo American and MMX sign definitive share purchase
contract for the 49% interest in MMX Minas-Rio on May 14,
2007.
Committed to the best Corporate Governance practices. 4
1
5. MMX INTEGRATED SYSTEMS
MMX Integrated Systems develop and operate
iron ore mines, pig iron and semi-finished MMX Amapá System
plants and development of independent
Iron Ore Fines: 6.5 Mtpy
logistics. Pig Iron: 2.0 Mtpy
Semi-Finished: 0.5 Mtpy
MMX Minas-Rio System
Iron Ore Fines: 26.6 Mtpy
Pellets: 7.0 Mtpy
MMX Corumbá System
Iron Ore: 4.9 Mtpy
Pig Iron: 0.4 Mtpy Engineer Eliezer Batista
Semi-Finished: 0.5 Mtpy Natural Reserve
2
6. GEOLOGICAL RESOURCES AND RESERVES
MMX - Minas-Rio Project MMX - Corumbá MMX - Amapá
Itapanhoacanga J. Monlevade Sapo Serro Mina 63 Total
( Mt ) ( Mt ) ( Mt ) ( Mt ) ( Mt ) ( Mt ) ( Mt )
Measured/
301.3 - - - 47.2 73.6 422.1
Indicated
89.0 133.3 - - 14.2 104.5 341.0
Inferred
225.0 1480.0 422.0 150.0 2277.0
Conceptual
Note: Data as of March, 2006
Of the total 53 mining rights, 10 were researched in the first phase of the geological research program
and are now certified, 6 are being researched, and 37 mining rights remains to be researched.
Drilling performed since March 2006: 36,033 meters in 540 drill holes and 4,294 samples.
3
7. MMX CORUMBÁ SYSTEM - TIMELINE
Vertically Integrated High Value-Added Projects
Production of iron ore (Mt)
Production of pig iron (Mt) 3.5 4.9 4.9
2.2 2.9
Production of semi-finished (Mt) 0.1 0.4 0.3 0.2 0.5 0.5
0.7
2003 2004 2005 2006 2007 2008 2009 2010 2011
Engineering; Construction Start-up Start-up Mini
Asset acquisitions begin License for Pig Iron Mill Corumbá
drilling Pig Iron Mill Corumbá
Start-up
Corumbá
Mine
Note: In 2008 Corumbá System reaches full pig iron capacity production of 0.4 Mt, which will be used to feed the semi-finished plant.
4
8. MMX CORUMBÁ SYSTEM
Mine 63 – industrial plant operating since December 2005
Production capacity of 3.1 million tons/year of lump (85%) and
sinter feed (15%).
Tests performed by Lucchini (Steel Mill, potential offtaker) –
lump ore quality improves blast furnace operational
performance
Pig Iron Plant – Construction License granted in August
2006, construction initiated in September 2006
Start-up scheduled for July 2007
Supply agreement signed with Cargill in January 2007
Semi-finished Plant – Construction License granted in
December 2006
5
9. MMX CORUMBÁ SYSTEM
Acquisition of two farms in 2006 and due in 2007 as the first
step towards self-sufficiency in charcoal production (total area
of 6004 ha)
Hired the most renowned eucalyptus planting company in
Brazil – PLANTAR – to plant 48,250 acres in 5 years – in own
and third-party lands
MMX policy: conciliate economic development with
nature preservation
Eliezer Batista Natural Reserve – MMX’s commitment with
environmental preservation, 50 thousand acres in the
most preserved area in South Pantanal
6
10. MMX AMAPÁ SYSTEM - TIMELINE
Vertically Integrated High Value-Added Projects
Production of iron ore (Mt) 6.5 6.5 6.5 6.5
Production of pig iron (Mt) 4.8
1.3 1.5
Production of semi-finished (Mt) 0.4 0.3 0.1 0.5
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Engineering; Amapá Start-up Start-up Pig Start-up Mini
Asset acquisitions begin Railway Amapá Mine Iron Amapá Mill Amapá
drilling Concession
Construction
License for
Amapá Mine
Preliminary
License for
Santana Port
Note: In 2012 Amapá System reaches full pig iron capacity production of 2 Mt. Part of this output will be used to feed the semi-finished plant.
7
11. MMX AMAPÁ SYSTEM
Amapá Mine – Construction License granted in August 2006,
construction initiated in September 2006.
Start-up scheduled for 4Q07, production capacity of 6.5
million tons/year of iron ore.
20-year supply contract signed with Gulf Industrial Investment
Co. in November 2006.
Amapá Railway – 20-year concession contract.
Railway under operation connecting the mine to
the port in Santana.
Santana Private Port Terminal - ANTAQ grants
authorization for construction and operation in
January 2007.
Santana Private Port Terminal – Operating
License granted in April 2007.
8
12. MMX MINAS-RIO SYSTEM - TIMELINE
Vertically Integrated High Value-Added Projects
26.6 26.6
20.0
Production of iron ore (Mt) 8.0 7.0
Production of pellet (Mt) 3.0
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Begin Engineering Beginning of Start-up Start-up
Asset acquisitions drilling pipeline, port and Pellet Plant
and drilling of Minas -Rio Minas-Rio
new areas pellet plant System System
construction
Note: Beginning in 2011, part of the iron ore production will be used to feed the pellet plant.
9
13. MMX MINAS-RIO SYSTEM
Additional geologic resources;
Iron ore production of 26.5 million tons/year from
2011;
Off takers – GIIC and Japanese Trading Co. (under
negotiation)
Pelletizing tests performed by SGA and
Outokumpu – Lurgi confirms high quality of the
pellets.
Pipeline with approximately 525 km, crossing 32
municipalities;
Public hearings concluded on April 20, 2007;
Detailed topography concluded, right of way to be
concluded in September 2007.
Negotiations with 50% of the landowners (out of a total
1,017) in the course of the pipeline have been
concluded.
10
14. LLX LOGÍSTICA S.A. - HIGHLIGHTS
LLX Logística S.A. holding company for MMX’s logistics division.
LLX Minas-Rio Logística S.A. slurry pipeline and a 300-hectare iron ore port facility at the Açu Port.
LLX Açu Operações Portuárias S.A. remaining port area (5,700 hectares).
Key Elements considered in the creation of LLX:
Sound economic fundamentals will underpin Brazil’s next high growth cycle
Trade will play a key role in the process, raising substantially the demand for logistics system
Brazil is underinvested in its infrastructure and provides outstanding opportunities for companies
to invest in this sector
Isolation of logistics assets allows a better perception of its value, thus attracting a more focused
analyst community and new investors
Independent management
Management focused in finding new opportunities in logistics
11
15. LLX LOGÍSTICA S.A.
AÇU PORT
Construction License granted on May 14, 2007
Size of retroarea: 15,000 acres
Filtering Area Iron ore Offshore Pelletizing Petroleum Power Plants Steel Plants Tanking
storage area support Plants processing facilities
infrastructure plants
12
16. CORPORATE STRUCTURE Participation of Strategic Partners
70% 70% 51% 100% 100%
MMX Corumbá MMX Amapá MMX Minas-Rio MMX Metálicos LLX Logistica
30% Centennial 30% Cleveland 49% Anglo
Asset Corumbá Cliffs American 51% 70%
LLX Minas-Rio LLX Açu Oper.
Logística SA Portuária SA.
MMX Amapá – transaction with Cleveland Cliffs closed
on March 5, 2007.
MMX Minas-Rio – definitive share purchase contract with
Anglo American signed on May 14,2007.
49% Anglo American 30% Centennial Asset
Minas-Rio Project
13
17. MMX and Anglo American - A Compelling Transaction
Agreement with blue-chip Anglo American confirms MMX’s status as the best development-
stage iron ore asset outside the majors
Powerful combination of MMX’s skill sets in Brazil with Anglo American’s globally renowned
capabilities to develop and operate premium assets
Perfect strategic fit, given Anglo American’s future growth strategy and long standing
experience in Brazil
Joins two successful teams with experienced professionals
Significant reduction in MMX Minas-Rio’s future capital requirements
Earn-out structure fully aligned with shareholder’s interests
Unlocks value for MMX shareholders
14
18. CAPEX INFORMATION
Total funding for MMX Minas-Rio project concluded.
Firm commitment with major banks in Brazil and with BNDES.
CAPEX - Sources CAPEX Composition
MMX Amapá: US$467 million
3,927
MMX Corumbá: US$15 million
Debt - to be
defined 982
US$ 0.5 B
2,717
Equity 679
US$ 0.9 B
2,945
990
2,038
220 248
Debt - Firm
Commitment 55 742
US$ 2.5 B 165
Corumbá Amapá Minas-Rio Total
TOTAL: US$3.9 billion Debt Equity
15
19. MMXM3 IN NOVO MERCADO - BOVESPA
Capital Stock – 7,607,756 common shares FreeFloat - Geographic Distribution
1,0%
Controlling
Shareholder and
16%
Management 26%
68% Brazil
United States
Canada
EU
32%
Other
16%
FreeFloat 41%
MMXM3 is included in the Differentiated Corporate Governance Stock Index
Stock split program initiated in January 2007 – second stock split scheduled for July 2007; third stock
split in January 2008
16
20. MMXM3 IN NOVO MERCADO - BOVESPA
Positive progress is being recognized by the capital market: market cap reached US$ 4.4 billion
MMXM3 X IBOVESPA
Price (US$) Volume (US$ million)
580.00 40.00
MMXM3 195.5% 35.00
500.00 IBOVESPA 63.7% MMXM3
30.00
420.00
25.00
340.00
IBOVESPA 20.00
260.00
15.00
180.00
10.00
100.00 5.00
20.00 0.00
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ay
22 ov
16 ay
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15 b
23 ar
2- r
4- v
15 ec
28 ec
10 ec
1- ul
22 ug
15 ar
11 r
20 p
28 ep
11 e p
18 an
29 an
6- n
27 eb
7- b
19 pr
27 pr
8- pr
2 6 ct
7- ct
a
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Fe
u
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24
17
21. TORONTO STOCK EXCHANGE GDR LISTING
Level I GDR Program initiates in the Toronto Stock Exchange on June 6, 2007
GDR per share ratio of 20:1
Ticker Symbol: XMM
CUSIP: 60688E102
Procedure for purchasing: contact broker or The Bank of New York (XMM’s Depositary Bank)
GDRs are also negotiated in the US OTC exchange under the ticker MMXMY
The Bank of New York
Shareholder Relations Department
P.O. Box 11258
Church Street Station
New York, New York 10286-1258
US: 1-888-BNY-ADRS
Intl. Callers: 1-212-815-3700
Shareowner-svcs@bankofny.com
18
22. MMX CORPORATE GOVERNANCE
Commited to the best corporate governance practices:
Board of Directors composed of 9 members, 6 independent with 1-year mandate
Audit Committee composed of 3 members, all independent
Hiring independent auditors according to internationally accepted criteria
Capital stock composed entirely of common shares, with 100% tag along
Free float greater than 25%
Stock Option program for the executives, with no dilution for minority shareholders
Corporate Policy for disclosing information to the public
Ethics Code
Arbitration for solving corporate issues
19
23. MMX MAIN EVENTS IN 2006 AND 2007
Minas-Rio System MMX Minas-Rio
MMX Amapá Minas-Rio System Preliminary Corporate GIIC increases pellet
MMX enters Preliminary License SGA concludes License (Açu First Stock Split reaorganization feed supply contract
Novo Mercado (Port) iron ore tests Port) 2 for 1 creation of LLX to 13 million tons
07/25/06 08/23/06 10/20/06 12/27/06 01/25/07 03/22/07 03/27/07
08/16/06 09/21/06 12/01/06 01/15/07 03/05/07 03/26/07
MMX Amapá MMX Amapá CVM Amapá System MMX Amapá MMX Minas-Rio
Construction Cleveland Cliffs authorizes Received Cleveland Cliffs IBAMA establishes
License (Mining) proposes to Level I GDR authorization for Closing & public hearings
buy 30% stake Program private port CAPEX increase program for pipeline
construction
Corumbá System
Construction
License (Semi-
finished plant)
20
24. MMX MAIN EVENTS IN 2006 AND 2007
Corporate
MMX Corumbá Reorganization MMX Minas- Rio
Injuction stops creation of two Construction
pig iron plant subsidiaries License
constuction under LLX (Açu Port)
04/11/07 05/08/07 05/14/07
04/23/07 05/09/07 05/30/2007
MMX Corumbá MMX Minas – Rio MMX’s Mineral
Injunction is & Anglo Resources and
revoked, pig iron American Reserves obtain
plant construction Closing NI43-101
resumes certification
MMX & Anglo
GDRs listing
American agree on
approved by
sale of 49% interest
Toronto Stock
in MMX Minas-Rio
Exchange
iron ore project
21
25. MMX - BOARD OF DIRECTORS & EXECUTIVE OFFICERS
Eike Batista
Chairman & CEO
Board of Directors Board of Executive Officers
Michael Raphael de Rodolfo Landim Executive President
Eliezer
Stephen Almeida Investor Relations
Batista
Vitton Magalhães
Adriano Vaz Administrative &
Independent Members HSEC
Gilberto Hans José Luiz Peter Samir Chief Operating
Dalton Nosé
Sayão Mende Alqueres Nathanial Zraick Officer, Metallics
Joaquim Martino Chief Operating
Special Advisor Officer, Mining
Amaury
Temporal Nelson Guitti Chief Financial
Officer
Audit Commitee Paulo Gouvêa General Counsel
Samir José Luiz Peter Ricardo Antunes Commercial
Zraick Alqueres Nathanial Director
22
26. MMX MULTIPLYING VALUE
Experienced
management
team
Integrated and Long term
Independent supply
logistics relationships
Health, Safety,
Environmental
And Social
Responsibility
Low production
High value-added
cost at
projects, vertically
competitive
integrated
capital Investor Relations
expenditure Rodolfo Landim – Director
levels Mineral Resources of Investor Relations
with characteristics Elizabeth Cruz – Manager
that enable Gina Pinto - Analyst
high quality Tel. 55 21 2555-5634 / 5558/ 5563
ptoducts ri@mmx.com.br
WWW.MMX.COM.BR
