This corporate presentation introduces MMX, an iron ore mining company. It discusses MMX's existing iron ore mining operations in Brazil and Chile, which include the Corumbá System, Sudeste System consisting of the Serra Azul and Bom Sucesso mines, and Minera MMX de Chile assets. MMX has high quality iron ore reserves with low production costs and secured logistics through partnerships. The presentation also provides an overview of a recent investment in MMX by Wuhan Iron and Steel, a large Chinese steel producer, which includes an iron ore offtake agreement and plans for a joint venture steel plant in Brazil.

1. Corporate Presentation
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
Roger Downey – CEO & IRO
Matheus Rosa – IR Manager
Tel. + 55 21 2555-6197
ri@mmx.com.br
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3. Iron Ore Market
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4. Seaborne Iron Ore Supply/Demand
Forecast
1300
1250
Seaborne market already at
1200 DEMAND
record levels. September is
1150
now very near the peak levels
1100
of June 2008.
SUPPLY
Million Tonnes
1050
1000 Iron Ore Markets are tight and
950 should be even tighter in
900 2010 and 2011.
850
Shipments-to-capacity could
800
reach ~ 98%.
750
700
2006 2007 2008 2009 2010E 2011E 2012E 2013E
Source: Credit Suisse Estimates
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5. Crude Steel Production
Forecast 1,874
1.900 1,798
1.800 China ROW World 1,724
1,654
1.700
1,581
1.600
1,494
1.500
1.400 1,327
1,371 Chinese crude steel
1,303
1.300 1,228 production has rebounded
1,189
1.200 1,113 and is forecast to grow at
Million Tonnes
1.100 1,045
least 6.0 (CAGR).
1.000 945 925 948
904 877 901
848
900 848 850
804
833
805 809
926
The world crude steel output
765 760
800 720 699
722 725 730
824
875
is expected to recover back
700 609
733
777 to pre-crisis levels by 2010.
685
600 493 499 640
580
500 424
354
400
280
300 220
182
151
200 127
100
0
Source: Credit Suisse Estimates
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6. An EBX Group Company
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7. EBX´s publicly held companies
All companies are listed in BOVESPA´s Novo Mercado Corporate Governance segment, consolidating a
market capitalization close to US$ 39.7 Bi*.
Core Business: Core Business: Core Business: Core Business:
Logistics Mining Oil & Gas Power Generation
Market Cap: Market Cap: Market Cap: Market Cap:
US$ 4.0 Bi* US$ 2.1 Bi* US$ 31.7 Bi* US$ 1. Bi*
Controlling Controlling Controlling Controlling
Shareholder: Shareholder: Shareholder: Shareholder:
54% 65% 62% 76%
* Source: Broadcast as of December, 30 2009; BRL 1,7412/USD (BACEN)
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8. A unique story
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9. Since IPO (July’06), a lot has been delivered…
July
2006 MMX Amapá System, mine, railroad and port: operational in a 14-month record time;
MMX Corumbá iron ore mine: operational in 8 months;
MMX Corumbá pig iron furnaces: implemented in 12 months;
Partnership with Anglo American and Cleveland Cliffs;
Spin off of LLX;
Sale of assets to Anglo American: MMX Minas-Rio and MMX Amapá;
Development of MMX Sudeste System: acquisition of assets, logistics secured and expansion
plans to 33.7 million tons per year of iron ore;
Minera MMX de Chile: acquisition of mining rights and logistics already identified;
MoU with Wuhan: supply of iron ore and sale of stake in MMX;
Sale of Corumba’s pig iron facility to Vetorial;
Wisco’s Investment in MMX and Iron Ore offtake from MMX Sudeste.
Dec
2009
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10. MMX structure
Controlling Shareholders
Free Float
65.07%
34.93%
70% 100% 100%
MMX Corumbá Minera MMX
MMX Sudeste
Mineração de Chile
30% Centennial
Asset Corumbá 100% 100%
Serra Azul Bom Sucesso
Bom Sucesso under basic engineering studies
Corumbá System started-up in 2005 (Mining)
Assets acquired by MMX (AVG: dec-07; Minerminas: jan-08) 10

11. The only one of its kind
MMX uniqueness:
High quality iron ore;
MMX Sudeste
Low cash cost, due to the high in situ ore content
Corumbá
and high productivity;
System
Sudeste
Secured logistics, through long-term agreements
System
with rail, barges and port services providers,
including LLX Sudeste Port, its sister company;
The unique independent operating Brazilian junior
MMX de mining company;
Chile
Experienced Management in selecting high value
mining assets, implementing and operating mining
projects;
Proven ability in delivering value to shareholders.
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12. Sudeste System
Serra Azul & Bom Sucesso
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13. MMX Sudeste System: high grade iron ore, low cost
and secured logistics
MRS has potential for ~ 300 tons/year.
Environmental and Construction
Consolidation opportunity: mines in Serra licenses obtained;
Azul can produce 60-80 million tons/year of
Long term financing under negotiation;
iron ore.
50 million ton/year of iron ore can be
expanded to 100 million tons;
Start-up: second half 2011.
BOM SUCESSO TENEMENT
SUDESTE PORT
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14. Serra Azul overview
Magnetic Concentration Plant
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15. Serra Azul site: 8.7 Mtpy of capacity reached on Oct’08
Operations Sales & Logistics
Assets acquisition concluded in Jan./2008;
Railway capacity secured through long-term
Construction of Magnetic Concentration Plant and agreement with MRS up to 15 Mtpy;
operational enhancements: 8.7 Mtpy as annual
Port capacity from mid-2011 untill 2032 secured
installed production capacity in Oct./2008.
through long-term agreement with LLX Sudeste
Port;
Long-term Off-take agreements with domestic
miners and steel makers;
Wuhan will be the main off-taker of MMX Sudeste
production.
Magnetic Concentration Plant – Start-up Oct./2008
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16. MMX Sudeste System: High Grade Iron Ore, low cost
and secured logistics.
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17. Bom Sucesso: 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 in July/2008;
Unique magnetite content (close to 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
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18. MMX Sudeste: Connected to Sudeste Super Port by MRS
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19. MMX Sudeste will export 32 million tons per year through
Sudeste Super Port
Sudeste Super Port can be expanded
to 100 million tons per year
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20. Chile
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21. Iron Ore in Chile: quality & logistics
4 mining rights
(2 purchase and options agreements);
USD 44.5 million;
Patrícia
50km distant from the Chilean coast,
Bella 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%
SiO2: 2.5%
Teatinos
Al2O3: 0.85%
P: 0.015%
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22. Logistics: Puerto Punta Cachos
EBX has 240,000 ha property in the Atacama
region;
Permits to develop the urban, industrial and
port zones;
Water availability with permits;
Guaranteed site contract for:
89 ha of premium area (port);
Puerto
Punta Cachos 782 ha of retro-area;
Unlimited scalability for a long-term
development;
Located close to mining players;
Opportunities for industrial businesses:
Port / Thermo.
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23. Corumbá System
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24. MMX Corumbá Mineração
High Quality Lump yield;
Current Capacity: 2.1 Mtpy.
MMX has Long Term Supply Agreements – 5
years, in average - with traditional steel makers in
South America and Europe;
Transport barges down the Paraguay River to
Rosario Port;
MMX has long-term contracts with local and
international barge operators;
Ladário Port
Rosario Port in Argentina: Handymax vessels to
Europe;
Pig Iron operation sold on September 2009 to
Vetorial for R$ 100 million: 84% was already paid.
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25. Recent Events
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26. Closing of the deal with Wisco
Equity investment in MMX Iron Ore offtake by Wisco Steel Plant at Açu Super Port
Cooperation Agreement between EBX
Wisco acquired newly issued common Offtake by WISCO of at least and WISCO for the construction of an
shares of MMX; 50% of the iron ore from Serra integrated steel plant at LLX’s Açu Super
Port;
Azul Mines;
Total subscription of US$ 400 million;
WISCO will hold 70% and EBX
Possibility to extend the offtake (directly or through affiliates) will hold
Equity participation in MMX of 21.52%;
to at least 50% from Bom 30% of the joint venture;
Proceeds will be fully directed to the Sucesso Mines;
The minimum annual capacity of the
development of Sudeste System;
Combined exports of at least 16 steel plant will not be less than 5 million
MMX shares issued at a per-share millions tons per year of iron ore tons, with the possibility of increasing
price in reais1 equivalent to US$3.93; significantly;
from MMX Sudeste System,
once it is fully ramped-up; Funding can be raised from China
MMX issued 167,849,906 common
Development Bank, Brazilian National
shares and minority shareholders The Iron Ore Purchase and Sale Development Bank (BNDES) and
were granted preemptive rights in the Contract shall be valid for 20 through capital markets transactions;
share issue at a rate of 0.55. years as from April 1st, 2010. EBX and WISCO will seek to obtain all
necessary approvals for construction
before May 31, 2010.
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1 - at the date of the Meeting of the Board of Directors that will approve the new issue of shares

27. Who is WISCO
The Chinese Wuhan Iron and Steel Corporation (WISCO) was created in 1955;
WISCO is the first giant iron and steel complex established after the founding of the People’s
Republic of China;
WISCO has an annual production capacity of 31 million tons, ranking the third in China and the 7th
largest steel producer in the world;
WISCO plans to expand its steel production capacity to 50 million tons per year, what would
require a supply of approximately 80 million tons per year of iron ore;
The CEO of Wuhan happens to be also the President of CISA (China Iron and Steel Association);
WISCO is making great efforts to enter into the rank of the 500 top enterprises in the world and
become an important automobile sheets producer in China by 2010.
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28. Thank you!
www.mmx.com.br/ri
ri@mmx.com.br
+ 55 21 2555 6197 (IR Team)
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