- MMX reported positive EBITDA for the 5th consecutive quarter in 3Q11, though EBITDA declined 18% YoY to R$61.2 million due to higher costs. Sales volumes increased 2% QoQ to 2.1 million tons while gross revenues fell 8% to R$287.9 million. - MMX completed its acquisition of 99.1% of PortX, the developer of the Sudeste Superport project, for R$238.8 million cash and shares. Construction of the port facilities is ongoing with the tunnel and rail loop scheduled for completion in 1H12. Total project CAPEX is estimated at R$1.276 billion through 2013.

1. 3Q11 Results

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.
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3. Positive EBITDA for the 5th consecutive quarter
3Q11 QoQ YoY
Sales 2.1 million ton 2% 20%
Gross Revenues R$ 287.9 million -8% 14%
Gross Profit R$ 172.6 million -7% 9%
Adjusted EBITDA R$ 61.2 million -18% -15%
Net Profit (R$ million)
EBITDA (R$ million)
90
50 88.5 90.9 72.8 75.2
61.6
60
-50
(243.2)
-150 30
-250 0
3Q10 2Q11 3Q11 3Q10 2Q11 3Q11*
*excluding non-recurring itens.

4. Volume sold
Sales (million tons)
2.5
2.1
2.0 2.1
2.0 0.7
1.8 1.8 1.8 0.3 0.8
1.7 1.6
1.5 0.5
1.1 0.6
0.9
1.5 1.7 0.3
0.6
1.5
1.3 1.3 1.3
1.0 1.1
0.9
0.8
0.5 0.7
0.0
3Q09 1Q10 3Q10 1Q11 3Q11
MI ME

5. Lengthening debt and lower costs
Debt profile COGS (R$/ton)
100% 75
80% 60
54%
63%
73%
60% 45
57.84
40% 30
44.33
47.72
46% 15
20%
37%
27%
0%
0
3Q10 2Q11 3Q11
3Q10 2Q11 3Q11
Short Term Long Term

6. Sudeste Superport Acquisition
 MMX already acquired 99.1% of PortX´s total capital as of September 30th, 2011
Transaction Highlights
Cash R$ 238,785,704.42
MMXM3 33,304,665 shares
MMXM11 983,407,010 Royalties Securities
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7. Sudeste Superport
Evolution of the civil construction work – Road&raillway access

8. Sudeste Superport
Evolution of the civil construction work – Bridge over Cação River

9. Sudeste Superport
Evolution of the civil construction work – Stockyard 6

10. Sudeste Superport
Evolution of the civil construction work – Car dumpers structure

11. Sudeste Superport
Evolution of the civil construction work – Stockyard 32

12. Sudeste Superport
Evolution of the civil construction work – Tunnel entrance

13. Sudeste Superport
Evolution of the civil construction work – Meeting of the two excavation fronts

14. Sudeste Superport
Evolution of the civil construction work – Tunnel exit and bridge

15. Sudeste Superport
Evolution of the civil construction work – Bridge and pier pilling

16. Sudeste Superport CAPEX (R$ Million)
200 2,400
290 2,200
Tunnel +
110 raillway loop +
1,800 land acquisition
Additional
Car dumpers service scope
structure + + equipment
hill concrete improvements
containment + land
acquisition
Original Geotechnical Project 50 Mtpy Preparation to Total
requirements reassessment 100 Mtpy phase

17. Sudeste Superport CAPEX (R$ Million)
Actual Forecast
1,276
286
649
86 40 63
2007 2008 2009 2010 2011 to 2013
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18. Sudeste Superport
Construction schedule
1S09 2S09 1S10 2S10 1S11 2S11 1S12 2S12 1S13
Preliminary License

Construction LIcense
 
Funding BNDES FINAME-PSI

ANTAQ License

Funding BNDES FINEM
Civil Construction:

Stockyard 06
Stockyard 32
Tunnel
Offshore
Road-rail access
Equipment sett up:
Car dumpers
Shiploader
Stacker reclaimer
Belt conveyor

19. Investor Relations
Guilherme Escalhão – CEO & IRO
Camila Anker– IR Manager
Rafaela Gunzburger – Analyst
Beatriz Yoshinaga - Assistant
Tel. + 55 21 2555-6197/ 6338
ri@mmx.com.br
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