2. DISCLAIMER
2
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.
4. 4
MMX Corumbá
Mineração
MMX Sudeste
100%94,52%
5,48% EBX
CONTROLLING
SHAREHOLDERS
59,3%
WISCO
10,5%
SK
NETWORKS
8,8%
OTHERS
21,4%
Serra
Azul
Bom
Sucesso
MMXM3
UMA HISTÓRIA ÚNICA
35%
Porto Sudeste
do Brasil
65%
5. 5
Two operating systems: Serra Azul and
Corumbá;
Current Capacity: approximately 7 Mtpy;
Mining rights in traditional iron ore districts:
Brazil (Minas Gerais and Mato Grosso do Sul);
Production committed with strategic
consumers – China and South Korea –
through long-term contracts;
Brownfield start up in Brazil;
Strategic port location.
Sudeste System | MG
Serra Azul Unit
Bom Sucesso Unit
Corumbá System | MS
Porto Sudeste| RJ
Sistema Sudeste
High quality mining assets in traditional
mining districts
MMX INTRODUCTION
6. 6
RESOURCE BASE
SRK and Coffey Mining certifications (Serra Azul, Pau de Vinho e Bom Sucesso): 3,6
billion tons of mineral resources. Reserves of 1 billion tons in Serra Azul.
COMPETITIVE
PRODUCTION
COST
STRUCTURE
Low stripping ratio;
Competitive scale – New beneficiation plant;
Energy supply contract with MPX;
Infrastructure with integrated logistics.
GUARANTEED
LOGISTICS
Porto Sudeste at 50 Mtpy, expandable to 100 Mtpy, provides gateway to seaborne
markets;
Long Term Railway Contract with MRS.
SECURED OFF-
TAKE
64% of future production already committed through long-term contracts.
OPERATIONAL
TRACK RECORD
Experience management team with implementation and operational expertise;
Current Capacity of 7 Mtpy (Serra Azul and Corumbá sites).
Ingredients for a successful iron ore
business
MMX INTRODUCTION
7. 7
A lot has been delivered
MMX INTRODUCTION
2012 APRIL
2014
Conclusion of
the offshore
civil works at
the Sudeste
Superport;
BNDES
approves
eligibility for a
long term
financing for
Serra Azul;
Conclusion of
the capital
increase in the
amount of R$
1.4 billion;
Arrival of 2 Ship
Loaders in the
Sudeste
Superport ;
Renewal of the
lease contracts
for mineral
rights with the
CEFAR,
extending the
terms of validity
from 2021 to
2034;
Conclusion of the
contracting of
supplementary long term
funding for the Sudeste
Superport with BNDES, in
the sum of R$ 935 million;
New
certification of
mineral
resources (SRK
and Coffey
Mining) totaling
3.6 billion tons
considering
Serra Azul Unit,
Mina Pau de
Vinho and Bom
Sucesso;
Hiring of
financial
advisors to
evaluate
business
opportunities;
Sale of all shares
in Minera MMX de
Chile S.A. to
Inversiones Cooper
Mining S.A.
Definitive
agreements
executed by the
Company with
Trafigura and
Mubadala;
The merger of
MMX Porto
Sudeste S.A.
by MMX
Approval of
the business
plan’s revision
of the
Company;
Reverse stock
split of shares
of the
Company, at a
ratio of 6
shares for 1
share.
Conclusion of the
investment
operations of
Trafigura and
Mubadala in
Porto Sudeste do
Brasil SA.;
11. 11
Mine Porto SudesteRailway
Serra Azul unit is near to the MRS
railway - 7 km from the mine, a
distance currently traversed by
trucks.
MMX has a long term contract with
MRS railway, which connects the mine
with the CSN’s port and the Porto
Sudeste, both located in Itaguaí.
Porto Sudeste will have 50Mtpy iron
ore shipping capacity. The Superport
will have a depth of 20 meters,
enough to handle Capesize vessels.
Since Iron ore is a bulk
commodity, an integrated
logistic (mine > railway >
port) is the key factor for a
successful operation.
Contract with MRS until
2026
WISCO
Long-Term contract (20 years) to
trade iron ore. SK will take-off part of
the Sudeste System yearly production
equivalent to its participation in MMX
Capital (14%).
Long-Term contract (20 years).
Wisco will off-take at least 50% of
MMX Sudeste production.
OFFTAKERS (SHAREHOLDERS)
SK NETWORKS
UNIQUE INTEGRATED LOGISTICS
SK and Wisco will together
offtake 64% of total production
14. Expansion project with integrated
logistic and pellet feed iron ore
14
SERRA AZUL
Highlights
Production target: 15 Mtpy waiting of new partner;
64% of production already committed through long-term contracts;
997.4 million tons of reserves already secured by SRK.
Execution Update
Beginning of construction of Serra Azul Unit expansion;
Construction license issued in April, 2012;
Expected Quality – Ouro Preto pilot plant test work
Fe: 66,65% P: 0,025% AL2O3: 0,54%
SiO2: 3,23% Mn: 0,018% LOI: 0,75%
15. BR
38
1
Itatiaiuçu
Igarapé
São Joaquim
de Bicas
Brumadinho
Sarzedo
Mario Campos
N
Growth through consolidation while
leveraging existing infrastructure
SERRA AZUL
1 2
3 4
5
6
7
8
9
10
11
12
13
14
14
15
15
1 USIMINAS Western
2
3
4
5
6
7
8
9
MRI
USIMINAS Central
Arcelor Mittal
Minerita
Ferrous-Santanense
USIMINAS Eastern
Comisa
Emicon
10
11
12
MMX
USIMINAS Pau de Vinho
Ferrous – Esperança
13 Minera do Brasil
14 Vale
Itaminas15 15
16. Serra azul unit expansion project
UNIDADE SERRA AZUL
16
1 Beneficiation Plant
2
Tailings dam, about 40km away
from the mine, associated with
a tailings pipeline
3
Pipeline with approximately 7km
extension
4
Rail terminal connected to the
MRS rail network
5 Arch extensions
6 Waste deposit
7 Water supply
8 High voltage power station
9 Access
2
6
9
1
5
7
9 9
8
3 4
Itatiaiuçu
Igarapé
São Joaquim de Bicas
Mario Campos
20. Overview
20
Private port terminal designed exclusively to export iron
ore;
Licensed to 50 Mtpy, expandable to 100 Mtpy;
Navy Approval to 100 Mtpy;
Construction works for the tunnel and offshore
infrastructure completed;
PORTO SUDESTE
Porto Sudeste | Ilha da Madeira, Itaguaí (RJ)
24. Viaduct over Rail loop
Rail access
PORTO SUDESTE
Rail and Road Access
25. Control Room of
Car Dumpers
Car Dumper 1
Car Dumper 2
Train Positioners
PORTO SUDESTE
Car Dumpers at Stockyard
Elevation 6m
CHARACTERISTICS:
Depth: 21 m
Width: 12 m
Length: 30m
28. Conveyor Belt
1st Phase 2nd Phase
PORTO SUDESTE
Tunnel
SECTION FOR 100 MTPY
Cross Area: 198 m²
Height: 11 m
Width: 20.5 m
Length: 1.8 km
29. Tunnel Exit
Bridge 430m long
Electric Substation
Connecting
Plataform
Transfer House
PORTO SUDESTE
Bridges and Plataform
30. 30
PORTO SUDESTE
Bridges, Plataform and Pier
Pier 766m long
Bridge 270m long
Shiploaders
Bridge 430m long
Transfer House
PORTO SUDESTE
Bridges, Platform and Pier
31. 31
PIER
Highlights
Berth draft: 20 m – Able to load 80,000 to 260,000 ton vessels;
Potential expansion to 100 Mtpy.
50 Mtpy
Pier length: 766 meters
Number of berths: 2
100 Mtpy | Future Expansion
Pier length: 766 meters
Number of berths: 4
34. 34
CORUMBÁ
Highlights
Current Capacity: 2.1 Mtpy;
Long-term contracts signed with local and
international barge operators;
SRK audit resources report: 192 million tons plus
a potential of an additional 123 million tons;
Sale of assets in progress.
35. 35
Carlos Gonzalez CEO and IRO
Adriana Marques Manager
Phone + 55 21 2163-6197
+ 55 21 2163-6338
E-mail ri@mmx.com.br
MMX
INVESTOR RELATIONS
