MMX is a Brazilian iron ore mining company with operating mines in Minas Gerais and Mato Grosso do Sul states, as well as the Sudeste Superport export facility. They have long-term supply contracts in place for over 60% of production and are expanding operations with the goal of reaching 40 million metric tons per year of iron ore production. The document provides an overview of MMX's assets and projects, operating results, and strategic partnerships.

1. MMX:
CREATING CHOICES IN SEABORNE IRON
ORE SUPPLY
Rio de Janeiro | November 2013

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. 1
MMX INTRODUCTION

4. MMXM3: SOLID CONTROLLING SHAREHOLDERS
Wisco
10,5%
Controlling
Shareholders
SK Networks
8,8%
59,3%
Outros
21,4%
94,52%
MMX Corumbá
Mineração
100%
100%
MMX Sudeste
Superporto
Sudeste
5,48% EBX
Serra
Azul
Bom
Sucesso
4

5. HIGH QUALITY MINING ASSETS IN TRADITIONAL
MINING DISTRICTS
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;
Sudeste System
Serra Azul Unit
Bom Sucesso Unit
Brownfield start up in Brazil;
Expanding up to around 40 Mtpy in Brazil, under
revision, through fully integrated systems: Private
port;
Strategic port location.
Corumbá System
Sudeste Superport
5

6. INGREDIENTS FOR A SUCCESSFUL IRON ORE
BUSINESS
Resource Base
Competitive
Production Cost
Structure
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.
Low stripping ratio
Competitive scale – New beneficiation plant
Energy supply contract with MPX
Infrastructure with integrated logistics
Guaranteed
Logistics
Sudeste Superport at 50 Mtpy, expandable to 100 Mtpy, provides gateway to
seaborne markets
Long Term Railway Contract with MRS
Secured Offtake
64% of future production already committed through long-term contracts
Operational
Track Record
Experience management team with implementation and operational expertise
Current Capacity of 8 Mtpy (Serra Azul and Corumbá sites)
6

7. A LOT HAS BEEN DELIVERED
November
2013
Definitive agreements executed by the Company with Trafigura and Mubadala;
Sale of all shares in Minera MMX de Chile S.A. to Inversiones Cooper Mining S.A.
Hiring of financial advisors to evaluate business opportunities;
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;
Conclusion of the contracting of supplementary long term funding for the Sudeste Superport
with BNDES, in the sum of R$ 935 million;
Renewal of the lease contracts for mineral rights with the CEFAR, extending the terms of
validity from 2021 to 2034;
Arrival of 2 Ship Loaders in the Sudeste Superport ;
Conclusion of the capital increase in the amount of R$ 1.4 billion;
BNDES approves eligibility for a long term financing for Serra Azul;
January
2012
Conclusion of the offshore civil works at the Sudeste Superport;
Issuance of debentures at the amount of R$ 600 million;
7

8. FINANCIAL HIGHLIGHTS
Gross Profit (R$ million)
Net Revenue (R$ million)
200
300
250
150
200
150
100
204
100
284
237
0
2Q12
113
50
50
1Q13
2Q12
Adjusted EBITDA (R$ million)
14.6%
40
41
3.6%
2Q13
16%
7
3
2Q12
1Q13
8%
Adjusted EBITDA
EBITDA Margin
4%
1.3%
10
0
1Q13
12%
30
20
186
0
2Q13
50
140
0%
2Q13
8

9. 2
SUDESTE SYSTEM

10. 2.1
SERRA AZUL UNIT

11. UNIQUE INTEGRATED LOGISTICS
Since Iron ore is a bulk commodity, an integrated logistic (mine 
railway  port) is the key factor for a successful operation
Offtakers (Shareholders)
Long-Term contract (20 years). Wisco
will off-take at least 50% of MMX
Sudeste production.
Mine
Railway
Superport
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%).
SK and Wisco will together
offtake 64% of total production
Serra Azul unit is near to the
MRS railway - 10 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 Sudeste Superport, both
located in Itaguaí.
Sudeste Superport will have
50Mtpy
iron
ore
shipping
capacity. The Superport will have
a depth of 20 meters, enough to
handle Capesize vessels.
11

12. Iron ore Quadrangle
QUADRILÁTERO FERRÍFERO

13. RAILWAY
Railway access connecting MRS to the Sudeste Superport
13

14. MRS CONTRACT
MMX signed a long term contract for railway services
Contract signed on December 28th 2011;
Long term contract through 2026;
Provides for a volume of up to 36 million tons of iron ore per year.
14

15. SERRA AZUL
Expansion project with integrated logistic and pellet feed iron ore
Highlights
Production target: 29 Mtpy under revision;
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

16. SERRA AZUL
Growth through consolidation while leveraging existing
infrastructure
16

17. SERRA AZUL
Serra Azul Unit Expansion Project
Cava
New Beneficiation Plant, transmission line and water
pipelines, Stockyard and Loading Terminal
17

18. Serra Azul Expansion
Beneficiation Plant

19. SERRA AZUL
Earthwork
1
Pump House, Sump and
Thickeners
5
Substation
2
Construction Site
6
Grinding
10 Tank
3
Beneficiation
7
Piles
11 and Warehouse
4
Grinding
8
Primary Crusher
12 Tank Inc.
9
1
3
2
13 Main Access
Water Storage
14 Administrative Buildings
Construction Site
15 Maintenance Workshop
Water Storage
5
1
Primary Crusher
6
11
4
7
9
8
10
13
14
12
15

20. 2.2
SUDESTE SUPERPORT

21. Sudeste Superport
Location

22. Offshore
Nautical
Access
Stockyard 06
Stockyard
32
Sudeste Superport
Artistic View
Railway
Access

23. SUDESTE SUPERPORT
Overview
Licensed to 50 Mtpy, expandable to 100 Mtpy;
Licensing for 100 Mtpy underway, public;
Hearing held on May, 2012;
Navy Approval to 100 Mtpy;
Loading: 2 ship loaders of 25 Mtpy each;
Construction works for the tunnel and offshore
infrastructure completed;
Fully funded (BNDES).
Definitive agreements executed with Trafigura
and Mubadala to sell 65% of the Sudeste
Superport
Sudeste Superport - Itaguaí
23

24. USIMINAS AGREEMENT
Pau de Vinho Joint Mining
SRK resources audit : 805 million tons;
Significant synergies with current mining operations at Serra Azul;
13.5% of production at Pau de Vinho will be delivered to Usiminas;
MMX will be responsible for the licensing, CAPEX and operation for 30 years.
Sudeste Superport Handling
Volumes:
■ 12 Mpta
80% Take-or-Pay;
Usiminas can renew the contract in 2016 for 1 to 5 years.
24

25. Sudeste Superport
Sudeste Superport
Road&Railway Access
Road&Railway Access

26. Stockyard 32
Stacker Reclaimer
Infrastructure
Stacker Reclaimer
Rolling Way
Road
Access
Car Dumpers Control
Room
Stockyard 6
Car Dumpers
Sudeste Superport
Stockyard Elevation 6 m

27. Sudeste Superport
Stockyard Elevation 6 m

28. Control Room of
Car Dumpers
Train
Positioners
Sudeste Superport
Car Dumpers

29. Sudeste Superport
Car Dumpers

30. Sudeste Superport
Stockyard Elevation 32 m
30

31. Sudeste Superport
Tunnel entrance
Tunnel Entrance
Electric Substation
Infrastructure
Transfer House
Structure

32. Sudeste Superport
Tunnel
32

33. Sudeste Superport
Tunnel Exit
33

34. Sudeste Superport
Offshore Structure
34

35. Electric Substation
Building
Plataform
Sudeste Superport
Plataform and
Substation Structure
35

36. Bridge
430 m
Bridge
270 m
Pier
766 m
Superporto Sudeste
Sudeste Superport
Estrutura Offshore
Offshore Structure

37. Superporto Sudeste
Estrutura Offshore
Sudeste Superport
Ship Loaders
37

38. 3
CORUMBÁ

39. 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.
39

40. Investor Relations | MMX
Carlos Gonzalez, CEO and IRO
Adriana Marques, Manager
Phone: + 55 21 2163-6197
+ 55 21 2163-6338
E-mail: ri@mmx.com.br