MMX is a Brazilian mining company focused on iron ore production. It operates the Corumbá and Sudeste Systems. The Corumbá System resumed operations in May 2009 after being suspended. The Sudeste System has an aggressive expansion plan to reach 33.7 Mtpy of annual production capacity by 2013 through its Serra Azul and Bom Sucesso mines. MMX also has iron ore assets in Chile through its subsidiary Minera MMX de Chile.

1. May 2009
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
Priscylla Setimi - IR
Tel. 55 21 2555-5558 / 5234
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$ 17,9 Bi*.
Core Business: Core Business: Core Business: Core Business:
Logistics Mining Oil & Gas Power Generation
Market Cap: Market Cap: Market Cap: Market Cap:
US$ 1,1 Bi* US$ 1,0 Bi* US$ 14,7 Bi* US$ 989 M*
Controlling Controlling Controlling Controlling
Shareholder: Shareholder: Shareholder: Shareholder:
58% 65% 61% 76%
*Source: Broadcast as of May, 12th 2009; BRL 2,0649/USD (BACEN)
4

5. A unique story

6. The only one of its kind
MMX uniqueness:
high quality iron ore;
low cash cost, due to the high in situ ore content and
high productivity;
MMX Sudeste
secured logistics, through long-term agreements with
Corumbá
System rail, barges and port services providers, including LLX Sudeste
Sudeste
System Port, its sister company;
the unique independent operating Brazilian
junior mining company;
MMX de experienced Management in selecting high value
Chile mining assets, implementing and operating mining projects;
proven ability 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. 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 : split-up 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.
Nov
2008
7

8. MMX structure
Controlling Shareholders Free Float
65.29% 34.71%
70% 100% 100% 100%
MMX Corumbá MMX Metálicos Minera MMX
Corumbá System MMX Sudeste
MMX Sudeste
Mineração Corumbá de Chile
30% Centennial
Asset Corumbá
100% 100% 100%
Bom Sucesso AVG 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 on Jan’08;
Jan’ Rail capacity secured through long-term agreement
long-
Construction of Magnetic Concentration Plant and a with MRS up to 15 Mtpy;
Mtpy;
series of operational enhancements led Serra Azul site to
Port capacity secured with CSN Terminal de Carga
reach 8.7 Mtpy as annual installed production de Itaguaí Port: 2 million tonnes annually, from 2009 to
Itaguaí
capacity in Nov, 2008; 2011;
Port capacity from mid-2011 till 2032 secured
mid-
through long-term agreement with LLX Sudeste Port;
long-
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 closest iron ore asset to the shore – 240km
(lower rail tariff);
Greenfield basic engineering studies and environmental
licensing under development;
Rail capacity under negotiation with MRS to extend current
contract for additional 17 mt up to 2032. Tests
12

13. MMX Sudeste: aggressive expansion plan to become an
international player
Production Capacity
2009 to 2013 33.7 Expansion plan built up in 3 phases:
32.1
Bom Sucesso Phase I: the installed annual capacity to
Serra Azul 17.4
17.4 reach 8.7 Mtpy was achieve in Oct’08 upon
18.5 I D
the start-up of the Magnetic Concentration SE DE
A U
Plant; PH CL
N
8.7 8.7
18.5 CO
14.7 16.3
3.4
8.7 8.7
3.4 Phase II: Serra Azul brownfield expansion up
2008 2009 2010 2011 2012 2013 to 16.3 Mtpy – approx Capex US$360MM
PHASE I PHASE II PHASE III
Current under detailed engineering and licensing
studies
492 Total Capex*
US$ 1,026 MM
362
Phase III: Bom Sucesso greenfield project,
251 241
adding 17.4 Mtpy of high magnetite iron ore –
105
168 approx Capex US$640MM
31 146 130
23
73 11
-
Current under basic engineering studies
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
The preliminary environmental
license (“Environmental License”)
is already approved;
“Port Sudeste” considered
eligible by BNDES for long term
financing;
Capacity to handle 50 million
ton/year of iron ore. It will serve
MMX Sudeste System and other
producers from Minas Gerais' Iron
Ore Quadrangle;
Start-up: second half 2011.
14

15. Chile

16. Iron Ore in Chile: quality & logistics
4 mining rights (2 purchase and options
agreements)
USD 44,5 million
Patrícia
Bella
50km distant from the Chilean coast
approx 1,760 hectares
Pellet feed with high magnetite content
Fortuna- Existing railroad (FERRONOR)
Fierro
Preliminary tests in Ouro Preto pilot plant:
-Fe: 67,50%
Teatino - SiO2: 2,5%
s
- 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 89 ha 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

19. MMX Corumbá Mineração
Production Capacity* Development in 2008:
2009 to 2013
6.3 conclusion of NE&Rabicho mineral rights acquisition;
NE & Rabicho Mine implementation of new mine route, reducing transportation
63 Mine 3.1 inside the mine from 12.5km to 2.5km (costs and time
3.2 3.2 savings);
2.1 construction of tailings dam;
1.6
3.2 3.2 3.2
2.1 implementation of water recovering system;
1.6
implementation of industrial jigging test;
2008 2009 2010 2011 2012
PHASE I PHASE II PHASE III new mining rights under registration
Significant impact on costs:
expected reduction of 35%
Corumbá iron ore mine resumed its operations on
May 05, 2009.
Corumbá lump ore
*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 in 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
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 (400 MTPY);
forestry program in maintenance: planted area of 6 thousand hectares.
MMX announced, on May 04, 2009, that the operation of
the Pig Iron Unit will be kept suspended and the
production will be resumed according to the recovery of
the steel industry, in Brazil and worldwide.
The activities of the forestry unit will remain suspended
and the necessary maintenance activities of the planted
area will be maintained.
21

22. Thank you!
www.mmx.com.br
ri@mmx.com.br
55 21 2555 5558 / 2555 5234 (RI)