Sale of 15% Interest in LLX Logística S.A.to Ontario Teachers´ Pension Plan

July 25, 2007

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Important NoticeThis 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 RelationsRodolfo Landim –Investor Relations Officer

Elizabeth Cruz – ManagerGina Pinto - Analyst

Tel 55 21 2555-5634 / 5558 / 5563ri@mmx.com.br

http://www.mmx.com.br/ri

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Transaction Overview

The Ontario Teachers` Pension Plan Board (“OTPP”) and LLX Logística S.A. (“LLX”) have entered into a memorandum of understanding pursuant to whichOTPP would subscribe for and purchase 15% of the issued and outstandingshares of LLX, in preferred stock, for a price of US$185 million.

The Investment is subject to the negotiation of definitive agreements, including ofa shareholders agreement of LLX, conclusion of due diligence and corporateapprovals.

The Investment implies a valuation of MMX’s remaining 85% common shareinterest in LLX of approximately US$1.05 billion.

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Ownership Structure

Minas-Rio Mineração

51%51%

15%

LLX Minas-Rio LLX Açu

70%

30%49%

49%

CentennialLogística

85%

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Investment Highlights

Unparalleled Port Facilities

Attractive Location

Unique Strategic Position

Significant Upside

Potential

LowCompletion

Risk

Favorable Industry

Dynamics

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LLX Minas-Rio / LLX Açu

300ha back area;Iron ore handling terminal at Porto do Açu;Connecting bridge;Access channel;Breakwater;

6,900ha of adjacent industrial complex;Right to build additional berths;2 main revenue streams: 1) handling and services fees and 2) industrial area lease;Shared infrastructure agreement to be established with LLX Minas-Rio will give LLX AçuAccess to the connecting bridge, access channel and breakwater.

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Unique Strategic Position

New world class logistics corridor increasing the integration of Minas Geraisand Rio de Janeiro states and boosting their economies;Removal of the actual logistics bottleneck, offering an alternative route for the region’s products;A logistics solution for the steel plant expansion projects in the railway area of influence;Real and competitive alternative for exports of raw materials and products with high aggregate value.

New world class logistics corridor increasing the integration of Minas Geraisand Rio de Janeiro states and boosting their economies;Removal of the actual logistics bottleneck, offering an alternative route for the region’s products;A logistics solution for the steel plant expansion projects in the railway area of influence;Real and competitive alternative for exports of raw materials and products with high aggregate value.

Açu Port will be the entrance/exit door of the Minas-Rio Logistics System, contributing to the development of a new and modern export center.

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Norte Fluminense, in the municipality of São João da Barra - 45 km from Rio de Janeiro´s third largest city, Campos

15 km north of São Tomé Cape

30 km south of Paraíba do Sul River

Attractive Location

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Unparalleled Port Facilities

Mixed-use private port facility featuring a deep draft port with minimum need for dredging

Depth of 15 metersDraft of 18.5 meters (Phase I);

Able to berth large vessels of over 160,000 tons (cape size);

The facilities have been specifically designed to comply with ISPS (International Ship and Port Facility Security Code) regulations;

Construction License granted on May 14, 2007;

Permit for construction and operation received from ANTAQ on June 20, 2007.

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Unparalleled Port Facilities (Cont’d)

7,200ha(2)

(rental area= 4,960ha)

2500 m access bridge

Coal

Iron Ore

Liquid Bulk

Steel products and general cargo

Coal storage

Warehouse

Yards for general cargo

Mechanical Industry Shops

Oil Processing Plant

Iron Ore storage area(1)

Pelletizing Plants(1)

Power Plants

Steel Plants

Liquid Bulk storage

Illustrative Facilities:

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8910

Rental

(1) Part of LLX Minas Rio.(2) Out of the total area, 300ha corresponds to LLX Minas-Rio and the rest to LLX Açu.

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Favorable Legal Environment

As a privately owned port, Porto do Açu features a series of structural advantages over its competitors;

Porto do Açu is exempt from regulator fees;

Porto do Açu will use non-unionized labor, which is more efficient and less prone to interruptions;

As a private port, Porto do Açu acts as its own Port Authority, effectively performing maintenance or dredging when required and without delay.

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Products

Global demand for steel continues to rise, largely as a result of the massive demand from rapidly developing economies such as China and India

Chinese steel consumption will continue to grow at very high levelsChina currently consumes approximately 35% of the world’s steel production, with that figure expected to rise to 52% in 2016 (1);

Porto do Açu’s industrial back area and adjacent port facilities provide perfect backdrop for a steel plant.

Steel

(1) Global Insight.

Coke is one of the main ingredients in the iron smelting process;

Given that steel (an alloy consisting mostly of iron) figures to be one of the most important sectors of Porto do Açu’s industrial complex, coke will also be very important to the industrial complex’s day-to-day operations.

Coke

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Products (Cont’d)

Demand for coal through Porto do Açu will come from 4 different sources:On site coke plantOn site thermal plantOn site coal gasification plant (production of syngas)Other coal importers;

A 1,400 MW on site coal-fired thermal plant to be built by a third-party will power the industrial complex’s operations in addition to supplying power to the surrounding areas.

Coal

Liquid bulk will be handled at Porto do Açu in 4 forms:Oil Liquefied Natural Gas (LNG)EthanolOil Derivatives;

Strategic location: close to Campos basin, home to some of Brazil’s largest oilfields.

Liquid Bulk

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Products (Cont’d)

Dimension StoneCompeting ports such as Vitória operating at capacity, with significant delays; opportunity to gain market share

LLX Açu will lease 4,960ha of the 7,200ha of land in the adjacent industrial complex

Industrial Area

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OTPP

The Ontario Teachers` Pension Plan is the largest single-profession pension plan in Canada;

Net assets are of $Can 106 billion under management – of which $Can 49 billion are invested in corporate shares or partnerships;

Solid Corporate Governance practices.

Questions and Answers