The document is a presentation from October 2009 about MMX Mineração e Metálicos S.A. It discusses MMX's iron ore assets in Brazil including the Corumbá System and Sudeste System. It also mentions MMX's acquisition of mining rights in Chile. The presentation provides an overview of MMX's resources, production capacity, expansion plans, sales and logistics networks. A Memorandum of Understanding is also discussed between MMX, LLX and Wuhan Steel regarding a potential partnership.

1. October 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
Roger Downey – CEO & 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$ 34.0 Bi*.
Core Business: Core Business: Core Business: Core Business:
Logistics Mining Oil & Gas Power Generation
Market Cap: Market Cap: Market Cap: Market Cap:
US$ 2.6 Bi* US$ 1.9 Bi* US$ 27.9 Bi* US$ 1.5 Bi*
Controlling Controlling Controlling Controlling
Shareholder: Shareholder: Shareholder: Shareholder:
50.0% 63.5% 61.0% 76.0%
*Source: Broadcast as of October, 02 2009; BRL 1,7844/USD (BACEN)
4

5. A unique story

6. Since IPO (July’06), a lot has been delivered…
July
2006
MMX Amapá System, mine, railroad and port: system 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 both in MMX and MMX Sudeste;
Agreement with Vetorial: sale of Corumba’s pig iron facility.
Sept.
2009
6

7. MMX structure
Controlling Shareholders Free Float
65.07% 34.93%
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
Bom Sucesso under basic engineering studies
Corumbá System started-up in 2005 (Mining)
Assets acquired by MMX (AVG: dec-07; Minerminas: jan-08) 7

8. 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 with
System
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.
8

9. Sales
Nowadays After the expansion plan (40 Mtpy)
Domestic Market
Foreign Market
Port capacity secured with CSN Terminal de Carga de Itaguaí Port: 2 million tons per year, from 2009
to 2011;
MMX Corumbá Mineração entered into a long term iron supply agreement with Vetorial, in an amount
sufficient to guarantee a production of 400 thousand tons per year of pig iron;
MMX and Wuhan: negotiation for the Off-take of the entire MMX Sudeste production at benchmark
prices.
9

10. MMX Resources
MMX Mineral Resources Consolidation
Measured Indicated Inferred
Fe% Fe% Fe% Total (Mt) Fe%
(Mt) (Mt) (Mt)
Total MMX Corumbá 5,37 56,98 74,60 52,45 46,84 51,64 126,81 52,34
Total MMX Sudeste 332,18 41,99 399,50 37,47 21,95 44,31 753,63 39,66
Total MMX 337,55 42,23 474,10 39,83 68,79 49,30 880,44 41,49
Tonnes in wet basis
* Measured, Indicated and Inferred Resources at Mine 63 and Urucum Ne were audited by SRK in March, 2008.
* Measured, Indicated and Inferred Resources at Mine 63 were updated up to December 31st, 2008.
* Serra Azul includes AVG+Minerminas and resources were audited by SRK in July, 2009 (base April/09).
* Serra Azul has fines stockpiles audited by SRK (12,157 Mt @52,82% Fe - inferred), in July 2009.
Bom Sucesso – A promising world class resource
10

11. Sudeste System
Serra Azul & Bom Sucesso

12. MMX Sudeste System: high grade iron ore, low cost
and secured logistics
MRS has potential for ~ 300 tons/year.
Environmental and Construction licenses
Consolidation opportunity: mines in Serra Azul obtained;
can produce 60-80 million tons/year of iron ore
Long term financing under negotiation;
50 million ton/year of iron ore can be
expanded to 100 million tons;
Start-up: second half 2011.
BOM SUCESSO TENEMENT
SUDEST PORT 12

13. Serra Azul overview
Magnetic Concentration Plant

14. Serra Azul site: 8.7 Mtpy of capacity reached on Oct’08
Operations Sales & Logistics
Acquisition of the assets concluded in Jan’08;
Railway capacity secured through long-term
Construction of Magnetic Concentration Plant agreement with MRS up to 15 Mtpy;
and operational enhancements: 8.7 Mtpy as
Port capacity secured with CSN Terminal de
annual installed production capacity in Oct, 2008.
Carga de Itaguaí Port: 2 million tons per year, from
2009 to 2011;
Port capacity from mid-2011 untill 2032 secured
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 30’08
14

15. MMX Sudeste System: High Grade Iron Ore, low cost
and secured logistics.

16. 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’08;
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
Tests
additional 17 mt up to 2032.
16

17. MMX Sudeste: aggressive expansion plan to become
an international player
Expansion plan built up in 3 phases:
Phase I: the installed annual capacity to
Production Capacity reach 8.7 Mtpy was achieve in Oct’08 upon
2009 to 2013 * I D
32.1
33.7 the start-up of the Magnetic Concentration SE DE
A U
Plant; PH CL
Bom Sucesso N
CO
Serra Azul 17.4
17.4
18.5
Phase II: Serra Azul brownfield expansion up
to 16.3 Mtpy
8.7 8.7
18.5 16.3
3.4
14.7 Current under detailed engineering and licensing
8.7 8.7
3.4 studies
2008 2009 2010 2011 2012 2013
PHASE I PHASE II PHASE III
Phase III: Bom Sucesso greenfield project,
adding 17.4 Mtpy of high magnetite iron ore
Current under basic engineering studies
17
*Timeline and Capex to be confirmed upon conclusion of detailed engineering studies and analysis of market conditions

18. MMX Sudeste: Connected to Sudeste Super Port by MRS
18

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 19

20. Chile

21. 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%
21

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
22

23. Corumbá System

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.
24

25. Recent Events

26. MoU among MMX, LLX and Wuhan Steel
Non-exclusive, non-binding MoU with relevant opportunities for MMX and EBX group
Currently in due diligence
The Announcement MMX potential upsides
• Integrated 5 million ton per year steel • Off-take of the entire MMX Sudeste
plant at Açu Super Port; production at benchmark prices;
• WISCO off-take of MMX Sudeste • Restatement of the port services
production;
agreement among WISCO, MMX and
• Restatement of the port services LLX; and
agreement among WISCO, MMX and LLX;
• Sale of a stake in MMX (9.09% for
• Acquisition of stake in MMX and US$ 120 million) and MMX Sudeste
MMX Sudeste;
(23% for US$ 280 million) – cash in to
• Supply of steel products by WISCO face CAPEX programs.
to OSX (Oil Service S.A. – an EBX Group
Company)
26

27. Who is Wuhan
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 will require a
supply of 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.
27

28. MMX Performance

29. Share Price Performance (R$)
MMXM3 share price performance (R$ per share)
$7.29 $7.09
$6.25 $5.93 $5.66
10/26/2009 VWAP 20d VWAP 45d
' VWAP 60d VWAP 90d
12 140
Volume Price
120
Daily Traded Volume
10
100
8
R$ / Share
R$ MM
80
6
60
4
40
2 20
0 0
January-09 February-09 March-09 April-09 May-09 June-09 July-09 August-09 September-09
Source: Bloomberg as per October 2th, 2009.
Notes: VWAP is the volume weighted average price for the period indicated (in business days).
29

30. Share Price Performance (US$)
MMXM3 share price performance (US$ per share)
R$ 12.50
R$ 10.36 R$ 9.96 R$ 9.64 R$ 9.28
10/26/2009 VWAP 20d VWAP 45d VWAP 60d VWAP 90d
7 70
Volume Price
6 60
Daily Traded Volume
5 50
US$ / Share
US$ MM
4 40
3 30
2 20
1 10
0 0
January-09 February-09 March-09 April-09 May-09 June-09 July-09 August-09 September-09
Source: Bloomberg as per October 2th, 2009.
Notes: VWAP is the volume weighted average price for the period indicated (in business days).
30

31. Capital Market
MMX is listed in BOVESPA´s Novo Mercado Corporate Governance segment.
Free Float MMX number of shares: 305.123.440
34.93%
Market Capitalization: US$ 1.9 billion
Controling
Shareholder and
Management
65.07%
MMX holds Global Depositary Receipts – Level I (”GDRs”), negotiated in the U.S. over the
counter market.
31

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