corporate presentation – april 2008

CORPORATE PRESENTATION

APRIL 2008

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

Nelson Guitti – Director

Elizabeth Cruz – Manager

Gina Pinto - Analyst

Tel. 55 21 2555-5634 / 5558/ 5563

[email protected]

Corporate Structure before Restructuring and Anglo’s proposal

30% CentennialAsset Corumbá

49% Anglo American

MMX Corumbá

49% Anglo American

LLX Logistica

85%

30% Centennial AssetParticipações Logística

LLX AçuLLX Minas-Rio

100%

Minas-Rio Project

70%

30% Cleveland Cliffs

MMX Amapá

70%

MMX Minas-Rio

51%

AVX Mineração MMX Metálicos

100%

15% OTPP

70%51%

MMX & Anglo American Transaction

1

Centennial AssetCorumbá

MMX Corumbá

70%

30%

MMX Amapá

70%

MMXMinas-Rio

AVX Mineração

MMX Metálicos

70%51%

IronX

MMX currentshareholders

43%57%

51%100%

100%

ControllingShareholders

of MMX

LLX Minas-Rio

LLX Açu

30%

Centennial AssetParticipações

Logística

30% 49%

100%

( 1 ) ( 3 )( 2 )

( 1 ) Includes 100% of Metallics Amapá; ( 2 ) Includes MMX´s option in 50% of future Pelletizing Plant; (3) Includes 100% of Metallics Corumbá

Cleveland Cliffs

Corporate Structure after Restructuring and the approval of Anglo’s proposal


Current MinorityShareholders of MMX&

49%

2

Announcement of the Transaction: January 17, 2008

Execution of Share Purchase Agreement signing between Anglo and Controller: March 31, 2008

MMX’s Board meeting to approve restructuring and call of Shareholders’ Meeting: immediately after Share Purchase Agreement is executed

Restructuring approval at MMX’s shareholders’ meeting: approximately 30 days after Board Meeting

Controller stake sale financial closing: immediately after Shareholders Meeting

IronX and LLX listing on Bovespa: immediately after restructuring (note that this process can beinitiated before the Board Meeting, in order to expedite the process and respect timeliness)

IronX’s remaining shareholders’ tag along offer: after public listing of IronX and consequent CVM public offering registration

Transaction Timeline


Further annoucements will be made in due course upon execution of the definitive transaction documents

3

NEW MMX

Iron Ore: 4.9 Mtpy

Pig Iron: 0.4 MtpySemi-Finished: 0.5 Mtpy

Engineer Eliezer BatistaNatural Reserve

MMX is the exclusive vehicle

for mining projects

MMX Corumbá System

Amapá System Royalties

• Açu Pellet Plant Option• Minas-Rio Royalties

New MMX includes marketable Securities + Cash + Royalties

AVX Mineração

Iron Ore: 10 Mtpy

4

MMX CORUMBÁ SYSTEM - TIMELINE

Start-upPig Iron Corumbá

20102003 2004 2005

Asset acquisitions

Start-up CorumbáMine

20092006 2008

Start-up MiniMill Corumbá

2007

Engineering;

begin drilling

2011

Iron ore (Mt)

Pig iron (Mt)

0.7

1.5 2.1

0.1 0.4

Semi-finished (Mt)

0.2

3.5 4.9

0.5

4.9

0.5

Start-up second iron

ore plant

0.4 0.4 0.4

MMX Corumbá System

Iron Ore: 4.9 Mtpy

Pig Iron: 0.4 Mtpy

Semi-Finished: 0.5 Mtpy

5

Total Production

AVX AVG and Minerminas acquisition

AVX

PortSudeste

AVG acquisition - concluded in December, 2007 for US$224 million in 5 annual installments

Minerminas acquisition – concluded in March, 2008 for US$ 115,6 million in 7 semi-annual installments

AVX current iron ore production capacity: 2.9 Mtpyof fines and lump

Production capacity to increase up to 8 Mtpy – total estimated capex of US$40 million for 2008-2009 approved

Export contracts under negociation

Current sales – around 75% to the domestic market

Current logistics: MRS railway and Sepetiba Port

Capacity expansion to 10-12 Mtpy under analysis

Future logistics: MRS railway system connecting to Port Sudeste

Port Açu

6

AVX MINERAÇÃO - TIMELINE

2010200920082007 2011 2012

Total estimated capex of US$40 million for 2008+ 2009 approved

High quality products – sinter feed (63%) + lump (21%)+ pellet feed (16%)

Production capacity expantion to 10-12 Mtpy under analysis

New acquisitions to be concluded

Asset

acquisitions

AVG + Minerminas

New acquisitons

AVX Mineração

6.6

6.1

10UNDER

ANALYSIS

Studies to

increase

capacity

UNDER ANALYSIS

7

Engineering studies are being carried to define the capex for expansion from 2009.

LLX LOGÍSTICA S.A. – Highlights

LLX was created in march 2007, aimed at exploring thesignificant growth potential in infrastructure and logisticsservices through the development of major port systems in the Southeast region of Brazil.

Its main strengths are:

Strategic locations and large back-areas;

Low-cost operational model;

Long Term contracts with diversified sectors and

synergies generated within the EBX Group;

Experienced management team;

Social and Environmental Responsibility.

8

LLX – PROJECTS

LLX will build 3 major port systems in the Southeast region of Brazil

Port Açu - “Super Port”Mixed-use terminal sized to berth carriers up to 200,000 tons

Back-area covering 7,800 ha

Draft of 18.5 m

Main Products: Iron Ore from MMX Minas-Rio Pipelines; steel, coal,

granite, ethanol/ oil derivatives, LNG and containers.

Port SudestePort terminal located in the Itaguaí Industrial Area

Accessed by MRS railway

Best poised to capture transportation of Minas Gerais main Iron Ore producers

Draft of 18.5 m

Area covers 52.1 ha

Port Brasil - “Super Port”Mixed-use port terminal

Total Area of 1,950 ha

Draft of 18.5 m

Main Products: Containers, iron ore, agricultural bulk, liquid bulk and fertilizers.

70 km from its main competitor, with huge competitive advantage: major

expansion area and 2x current container capacity

Every Port facilitiy has been designed to comply with ISPS (International Ship and Port Facility Security Code) regulations9

LLX – TIMELINE

10

2006 2008 20092007 2010 2011 2012

Bra

sil

Açu

Su

des

te

DevelopmentDetailing of the project

DevelopmentProject begin to be developed

DevelopmentProject begin to be developed

Development

ANTAQ authorization

Construction License

ConstructionConstruction begins

ConstructionCompletion

OperationsStart up

OperationsStart up

Carve OutLLX is carved out of MMX and begins operations as an independent company

Anglo American buys 49% stake in LLX Minas-Rio

OTPP acquired 15% of LLX Logistica

DevelopmentEnvironmental License

DevelopmentEnvironmentalLicense

OperationsStart up

Min

as -

Rio

DevelopmentDetailing of the project

Environmental License

OperationsStart up

DevelopmentConstruction License

ANTAQ authorization

ConstructionConstruction Begins



ANTAQ authorization


ANTAQ authorization


Environmental License

LLX LOGÍSTICA S.A. – MANAGEMENT

11

Management TeamManagement Team ExperienceExperience

Ricardo Antunes

CEO

Engineer Degree from PUC-RJ and Master´s degree from the Imperial College in London.

23 years of experience at CVRD

Former CEO of Rio Doce International

Co-founder of MMX

Eliane Aleixo Lustosa

Chief Financial Officer

Masters degree in Economics from PUC-RJ and PhD in Finance. Held Yale Universitiy´s

certificate in Corporate Governance.

Government experience at BNDES, Ministry of Finance and as Director of Brazil´s

Antitrust Agency. Former VP and CFO of Grupo Abril, Globex and Petrobras Pension

Fund (Petros).

Current board member of the Brazilian Institute of Corporate Governance (IBGC). Former

board member of several public companies (Perdigão, CPFL, Coteminas, Telet, Americel

and Tele Norte Celular).

José Salomão

Chief Development Officer

Mechanical Engineer (UFES) and MBA in COPPEAD/UFRJ

23 years of experience in the design, implementation and operation of port terminals (iron

ore, coal, pig iron, fertilizers, agricultural baul, containers and general cargo).

Held executive positions in Porto de Tubarão, Porto de Praia Mole, TVV, Pasha Terminal

– Los Angeles, Docenave and Brasil Ferrovias.

Luis Alfredo Osório de Castro

Chief Implementation Officer

Civil Engineer (UGF/RJ) and MBA from FGV/RJ. Project Management (PMI) certificate

from FIA/USP.

30 years experience in implementing infrastructure projects (urban projects and port

terminals); power plants and industrial facilities at Pronil, OAS and Brascan.

Current MinorityShareholders of MMX

51%

43%

LLX Minas-Rio LLX Açu

70%

30%49%

CentennialLogística

57%

LLX Brasil LLX Sudeste

ControllingShareholders of MMX(1)

70% 70%

30%30%

1. Eike Batista and Management2. LLX Minas-Rio: iron ore handling at Port Açu

LLX Corporate Structure after Restructuring

&

(2)

12

LLX – PORT AÇU

Port Infrastructure – General Overview

13

LLX – PORT AÇU

Iron Ore: Coal: Liquid Bulk (LNG and Ethanol): Steel Products:

Granite: Containers: Supply Boats: Real Estate:

Up to 63.2 mtpy Up to 15.3 mtpy Up to 4.0 M m 3 py Up to 11.2 mtpy

Up to 1.5 mtpy Up to 330,000 TEUs py Up to 80,000 tons of cargo py Up to 3,300 hectares for rental

Main Activities:

14

LLX – PORT BRASIL

Storage and Handling

Infrastructure

15

LLX – PORT BRASIL – Logistics Connections

1800 km of railway track will connect Port Brasil to Corumbá. 16

LLX – PORT BRASIL

ContainersUp to 3.2M TEUs py

Iron OreUp to 20.0 mtpy

Liquid Bulk (Ethanol)Up to 7.5 M m3 py

Agricultural BulkUp to 28.9 mtpy

FertilizersUp to 10.0 mtpy

Real EstateUp to 600 hectares for rental

Main Activities:

17

LLX – PORT SUDESTE

AVX iron ore logistics to Port Sudeste:

18

MRS

Currently Transportation contract secured with MRS and port access with CSN Sepetiba Terminal until 2011, when Port Sudeste starts up.

Port Açu

Igarapé

AVX

Port Sudeste

Port SudesteOverview

LLX – PORT SUDESTE – Overview

Port SudesteOverview

19

LLX – PORT SUDESTE

Main Activities:

The port is located in the State of Rio de Janeiro, adjacent to Itaguai Port at Sepetiba Bay. The whole

area of 512,000 m² is dedicated to iron ore operation.

Draft of 18.5 m.

The region is served by railway (MRS) and road (Coastal Highway BR-101); the federal government

has just approved investment in a road connecting the port area to the Rio-São Paulo highway;

The area is already available. Licensing and construction can be done in relatively short time;

operation of the iron ore terminal (storage and shipping) could start in 2011.

Iron OreUp to 25.0 mtpy 20

21

– Anglo American plc and its subsidiaries (“Anglo”) have entered into an agreement with MMX’s controlling shareholder Eike Batista (the “Controller”) which triggered 45 days of exclusive negotiations amongst the parties in order to finalize documentation related to Anglo’s acquisition of the shares owned by the Controller in IronX, which will be incorporated as a result of MMX’s spin off (“IronX”). The IronX will have the following assets:

• 51% of MMX Minas-Rio Mineração S.A. and respective subsidiaries (“MMX Minas-Rio”). Note that the remaining 49% already belong to Anglo

• 70% of MMX Amapá Mineração Ltda. and subsidiaries (“MMX Amapá”)

• 100% of MMX Metálicos Amapá Ltda. (“MMX Metálicos Amapá”, in conjunction with MMX Amapá, the “Amapá System”)

– The transaction will take place in the following 3 stages:

• Stage 1: MMX Restructuring:– IronX: MMX Minas-Rio System and Amapá System

– LLX: 85% of LLX Logística S.A. and subsidiaries, including the 51% ownership of LLX Minas-Rio (“LLX”)

– MMX: The remaining assets, including MMX Corumbá Mineração Ltda., MMX Metálicos Corumbá Ltda (“CorumbáSystem”), AVG, Minerminas, MMX cash and marketable securities, 50% of the pellet plant that will be built at Port Açuand Royalties that will be paid by the IronX to the New MMX

– Current MMX shareholders will receive new IronX and LLX shares (proportionally to its holdings in MMX).

– Both IronX and LLX will be listed on Bovespa (Novo Mercado) , the same way as current MMX

• Stage 2: Controller will sell its IronX shares to Anglo

• Stage 3: Anglo makes mandatory tag along offer (100%) to buy remaining/minority shareholder stock in the IronX, for the same price as the Controller stake sale (i.e., US$361.12)

– This deal is contingent on certain conditions such as: final documentation approval; MMX restructuring approval by MMX shareholders, CVM (Brazilian Securities Commission) approval

MMX & Anglo American Transaction - OVERVIEW

– Payment to IronX shareholders (including tag along) totaling US$5,518,547,123.63

Establishment of royalties agreement, where IronX pays equivalent to 2.415% of the EBITDA (excluding Selling, General and Administrative Expenses but including the Stay in Business Capital Expenditures, as defined in the respective agreement) of MMX Minas-Rio, limited to US$50 million annually, and 3.276% of the EBITDA (duly adjusted as defined in the respective agreement) of MMX Amapá, limited to US$14 million annually.

Current MMX shareholders will receive equivalent LLX public shares and integral maintenance of participation in the Company:


Summary

Completion of MMX S.A. restructuring terms in addition to IronX shares buy-sell agreementbetween Controller and Anglo

MMX restructuring approval by MMX Board of Directors at Board Meeting and by the shareholdersat the Shareholders’ Meeting

Final transaction documentation and terms approval by Anglo’s Board of Directors

Conditions

22

MMX CORUMBÁ SYSTEM – MARKETING STRATEGY

Our Marketing strategy contemplates the sale of the production through Long Term Supply Agreements.

Long Term Supply Agreements already signed with traditional steel companies.

64% of iron

ore production

in 2008

already

commited

under existing

LT Supply

Agreements.

Cargill´s take

represents

75% of total

pig iron

production.

23

Iron OreCustomer Term

Siderar 2007-2012

Eregli 2007-2012

Lucchini 2008-2011

Pig Iron Plant ***

Voest-Alpine testing

Arcelor-Mittal testing

Pig IronCustomer Term

Cargill - USA 2007-2012

Acindar 2008

MMX IN THE STOCK MARKETS – BOVESPA AND TSX

ControllingShareholder and

Management

FreeFloat

Capital Stock – 304,609,840 common shares FreeFloat - Geographic Distribution

BOVESPA (MMXM3) TSX (XMM)

GDRs commenced trading on June 27, 2007

GDR per share ratio of 1:1

Depositary Bank: The Bank of New York

MMXM3 is included in the DifferentiatedCorporate Governance Stock Index

Ordinary shares, 100% tag along

Successful IPO on July 24, 2006: US$ 509 million,

3%2%

8%

33%

15%

24%

15% Brazil

United States

Canada

EU

GDRs

Asia

Other

66%

34%

24

24 4 6

110,20,265

139 16

11

13

10316

21

29

29

1222 20 21

4427 41

6577

59

19

8495

129 136 104

0,05,0

10,015,020,025,030,035,0

Jul/06

Aug/0

6

Sept/06

Oct/06

Nov/0

6

Dec/0

6

Jan/0

7

Feb/0

7

Mar/07

Apr/07

May/0

7

Jun/0

7

Jul/07

Aug/0

7

Sept/07

Oct/07

Nov/0

7

Dec/0

7

Jan/0

8

Feb/0

8

Feb/0

9

020406080100120140160

Volume Traded * (US$MM) Number of Trades*

MMXM3 IN NOVO MERCADO - BOVESPA

MMXM3

IBOV

(US$MM)

MMXM3 X IBOVESPA

US$ 556

25*daily average

MMXM3 491.0%

IBOVESPA 125.2%

MMX – POSITIVE PROGRESS RECOGNIZED

MARKET CAP INCREASED 6x REACHING US$8.5 B

IRON ORE MARKET GROWTH

MANAGEMENT DELIVERING AS PROMISED

ADDED VALUE

26

LLX – PORT AÇU

LLX Minas-Rio (Ore) / LLX Açu (non-Ore)

300ha back area;Connecting bridge;Access channel;Breakwater;

Dredging;Iron ore handling terminal at Port Açu(economics supported by MMX Iron Ore throughput, under a pre-established IRR target – 15% true-up clause).

7,500 ha of adjacent industrial complex with: power plants, steel complex, oil industries, assembly plants among others;

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 Açu access to the connecting bridge, access channel and breakwater.

27

LLX – PORT AÇU

45 km of railway track will be built to connect Port Açu to the Brazilian railway system.

Logistics Connections

28

LLX – PORT AÇU

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

Depth of 15 metersDraft of 18.5 meters

Able to berth large vessels of up to 200,000 tons (Cape Size)

7,800 hectares of land holdings for adjacent industrial complex

The thermal plant within the industrial complex will guarantee “inside-the-fence”energy availability

Has already been granted both environmental and construction licenses. Construction began in September/07

2.5 km brid

ge

10 hectares

Unparalleled Port Facilities

29

LLX – PORT BRASIL – Overview

Port Brasil is a private port located in São Paulo State, the country’s primary economy engine

Mixed-use port terminal designed for operating containers, iron ore, agricultural bulk, liquid bulk and

fertilizers . A major container player with a capacity of over 4 million TEUs to be reached modularly by 2032;

Deepest draft : 18.5 m, longest uninterrupted quay and largest yard among its competitors in Port of Santos,

designed to serve Super Containerships (> 11,000 TEUs) and Capesize vessels;

Direct link to rail (ALL) and a four-lane highway (Padre Manoel da Nobrega);

Located outside public port area, strong competitive advantage due to reduced costs.

One single operator, vis-à-vis Santos where shipping companies have to negotiate with several different

terminals;

One single back-area (Santos has several, in different sites of the port) thus avoiding the need of expensive

container repositioning;

Opportunity to consolidate operations in a single terminal with a contiguous industrial park which will house

several high value added industries such as electro-electronics ,metal mechanics and assemblers.

30

LLX LOGÍSTICA S.A.

WWW.LLX.COM.BR

Investor Relations

Ricardo Antunes – Director

Antonio Castello Branco – Manager

Tel. 55 21 2555-5232 / 5530

[email protected]

Unparalleled Port Facilities

Strategic Locations

Significant Upside

Potential

Favorable Industry Dinamics