CORPORATE PRESENTATION

JUNE 2007

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 ofthe U.S. Securities Exchange Act of 1934. All statements other than statements of historical facts are statements that could bedeemed 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.

SUMMARY – MMX INTEGRATED SYSTEMS

Highlights.......................................................... 01Integrated Systems – Geographic Location...... 02Geological Resources and Reserves............... 03

MMX Corumbá System

Project Timeline................................................ 04Project Progress Update.............................. 05 and 06

MMX Amapá System

Project Timeline................................................ 07Project Progress Update.................................. 08

MMX Minas-Rio System

Project Timeline............................................... 09Project Details.................................................. 10

LLX Logística

Highlights......................................................... 11Açu Port........................................................... 12

MMX Mineração e Metálicos S.A.

Corporate Structure...........................................13MMX and Anglo American.................................14CAPEX..............................................................15MMXM3 in Novo Mercado.................................16Stock Performance............................................17Toronto Stock Exchange...................................18Corporate Governance......................................19Main Events in 2006 and 2007.....................20 and 21Board of Directors & Executive Officers............22

4

HIGHLIGHTS

High quality iron ore to be produced in three different regions in Brazil, from three fully integrated independent systems -> 38 million ton/year from 2011.

Successful IPO on July 24, 2006: US$ 509 million, the largest offering held in Brazil.

Experienced management team to carry out and guarantee the execution of all projects on time.

LLX Logística: additional value for MMX’s shareholders and development of opportunities in Brazil.

Anglo American and MMX sign definitive share purchase contract for the 49% interest in MMX Minas-Rio on May 14, 2007.

Committed to the best Corporate Governance practices.

A Newborn Company and an option for iron ore supply from Brazil

1

Iron Ore Fines: 6.5 MtpyPig Iron: 2.0 MtpySemi-Finished: 0.5 Mtpy

Iron Ore: 4.9 MtpyPig Iron: 0.4 MtpySemi-Finished: 0.5 Mtpy

Engineer Eliezer BatistaNatural Reserve

Iron Ore Fines: 26.6 MtpyPellets: 7.0 Mtpy

MMX Integrated Systems develop and operate iron ore mines, pig iron and semi-finished plants and development of independent logistics.

MMX INTEGRATED SYSTEMS

MMX Corumbá System

MMX Amapá System

MMX Minas-Rio System

2

MMX - Corumbá MMX - Amapá

Itapanhoacanga J. Monlevade Sapo Serro Mina 63 Total

( Mt ) ( Mt ) ( Mt ) ( Mt ) ( Mt ) ( Mt ) ( Mt )

Measured/ Indicated

301.3 - - - 47.2 73.6 422.1

89.0 133.3 - - 14.2 104.5 341.0

225.0 1480.0 422.0 150.0 2277.0

MMX - Minas-Rio Project

Inferred

Conceptual

GEOLOGICAL RESOURCES AND RESERVES

3

Of the total 53 mining rights, 10 were researched in the first phase of the geological research programand are now certified, 6 are being researched, and 37 mining rights remains to be researched.

Drilling performed since March 2006: 36,033 meters in 540 drill holes and 4,294 samples.

Note: Data as of March, 2006

MMX CORUMBÁ SYSTEM - TIMELINE

4

Start-upPig Iron Corumbá

Vertically Integrated High Value-Added Projects

20102003 2004 2005

Asset acquisitions

Start-up CorumbáMine

20092006 2008

Start-up MiniMill Corumbá

2007Engineering; begin drilling

2011

Production of iron ore (Mt)Production of pig iron (Mt)

0.72.2 2.9

0.1 0.4Production of semi-finished (Mt) 0.2

3.5 4.9

0.5

4.9

0.5

Construction License for Pig Iron Mill

Note: In 2008 Corumbá System reaches full pig iron capacity production of 0.4 Mt, which will be used to feed the semi-finished plant.

0.3

Mine 63 – industrial plant operating since December 2005

Production capacity of 3.1 million tons/year of lump (85%) andsinter feed (15%).

Tests performed by Lucchini (Steel Mill, potential offtaker) –lump ore quality improves blast furnace operationalperformance

Pig Iron Plant – Construction License granted in August 2006, construction initiated in September 2006

Start-up scheduled for July 2007

Supply agreement signed with Cargill in January 2007

Semi-finished Plant – Construction License granted in December 2006

MMX CORUMBÁ SYSTEM

5

Acquisition of two farms in 2006 and due in 2007 as the firststep towards self-sufficiency in charcoal production (total area of 6004 ha)

Hired the most renowned eucalyptus planting company in Brazil – PLANTAR – to plant 48,250 acres in 5 years – in ownand third-party lands

Eliezer Batista Natural Reserve – MMX’s commitment withenvironmental preservation, 50 thousand acres in themost preserved area in South Pantanal

MMX CORUMBÁ SYSTEM

MMX policy: conciliate economic development withnature preservation

6

MMX AMAPÁ SYSTEM - TIMELINE

7

Vertically Integrated High Value-Added Projects

20102003 2004 2005

Asset acquisitions

2009

Start-up MiniMill Amapá

2006

AmapáRailwayConcession

2008Start-up PigIron Amapá

2007Start-upAmapá Mine

Engineering; begin drilling

2011

Production of iron ore (Mt)Production of pig iron (Mt)

0.44.8

6.5 6.5 6.5

0.3 1.3Production of semi-finished (Mt)

ConstructionLicense for Amapá Mine

PreliminaryLicense for Santana Port

2012

1.50.50.1

6.5

Note: In 2012 Amapá System reaches full pig iron capacity production of 2 Mt. Part of this output will be used to feed the semi-finished plant.

Amapá Mine – Construction License granted in August 2006, construction initiated in September 2006.

Start-up scheduled for 4Q07, production capacity of 6.5 million tons/year of iron ore.

20-year supply contract signed with Gulf Industrial InvestmentCo. in November 2006.

Amapá Railway – 20-year concession contract.

Railway under operation connecting the mine to the port in Santana.

Santana Private Port Terminal - ANTAQ grantsauthorization for construction and operation in January 2007.

Santana Private Port Terminal – OperatingLicense granted in April 2007.

MMX AMAPÁ SYSTEM

8

MMX MINAS-RIO SYSTEM - TIMELINE

9

Beginning of pipeline, port and pellet plant construction

Vertically Integrated High Value-Added Projects

20102003 2004 2005

Asset acquisitions

2009Start-up Minas -Rio System

2006 20082007Begin drilling

2011

Production of iron ore (Mt)Production of pellet (Mt)

8.0

20.0

26.6

Engineering and drilling of new areas

Note: Beginning in 2011, part of the iron ore production will be used to feed the pellet plant.

2012

26.6

7.0

3.0

Start-up Pellet PlantMinas-Rio System

Additional geologic resources;

Iron ore production of 26.5 million tons/year from2011;

Off takers – GIIC and Japanese Trading Co. (undernegotiation)

Pelletizing tests performed by SGA andOutokumpu – Lurgi confirms high quality of thepellets.

Pipeline with approximately 525 km, crossing 32 municipalities;

Public hearings concluded on April 20, 2007;

Detailed topography concluded, right of way to beconcluded in September 2007.

Negotiations with 50% of the landowners (out of a total 1,017) in the course of the pipeline have beenconcluded.

MMX MINAS-RIO SYSTEM

10

11

LLX LOGÍSTICA S.A. - HIGHLIGHTS

Sound economic fundamentals will underpin Brazil’s next high growth cycle

Trade will play a key role in the process, raising substantially the demand for logistics system

Brazil is underinvested in its infrastructure and provides outstanding opportunities for companies to invest in this sector

Isolation of logistics assets allows a better perception of its value, thus attracting a more focusedanalyst community and new investors

Independent management

Management focused in finding new opportunities in logistics

Key Elements considered in the creation of LLX:

LLX Logística S.A. holding company for MMX’s logistics division.

LLX Minas-Rio Logística S.A. slurry pipeline and a 300-hectare iron ore port facility at the Açu Port.

LLX Açu Operações Portuárias S.A. remaining port area (5,700 hectares).

Filtering Area Iron ore storage area

Offshoresupportinfrastructure

PelletizingPlants

Petroleumprocessingplants

Power Plants Steel Plants

LLX LOGÍSTICA S.A.

Tankingfacilities

12

AÇU PORT

Construction License granted on May 14, 2007

Size of retroarea: 15,000 acres

13

MMX Corumbá

30% CentennialAsset Corumbá

70%

MMX Amapá

30% ClevelandCliffs

70%

MMX Minas-Rio

49% Anglo American

51%

MMX Metálicos

LLX Minas-Rio Logística SA

100%

51%

LLX Logistica

LLX Açu Oper. Portuária SA.

100%

70%

30% Centennial Asset49% Anglo American

MMX Amapá – transaction with Cleveland Cliffs closedon March 5, 2007.

MMX Minas-Rio – definitive share purchase contract withAnglo American signed on May 14,2007.

CORPORATE STRUCTURE Participation of Strategic Partners

Minas-Rio Project

14

MMX and Anglo American - A Compelling Transaction

Agreement with blue-chip Anglo American confirms MMX’s status as the best development-stage iron ore asset outside the majors

Powerful combination of MMX’s skill sets in Brazil with Anglo American’s globally renowned capabilities to develop and operate premium assets

Perfect strategic fit, given Anglo American’s future growth strategy and long standing experience in Brazil

Joins two successful teams with experienced professionals

Significant reduction in MMX Minas-Rio’s future capital requirements

Earn-out structure fully aligned with shareholder’s interests

Unlocks value for MMX shareholders

15

CAPEX INFORMATION

Debt - Firm Commitment

US$ 2.5 B

Debt - to be defined

US$ 0.5 B

Equity US$ 0.9 B

742

2,038

2,945

248

679

982

16555

Corumbá Amapá Minas-Rio Total

Debt Equity

220

990

2,717

3,927

TOTAL: US$3.9 billion

CAPEX - Sources CAPEX Composition

Total funding for MMX Minas-Rio project concluded.

Firm commitment with major banks in Brazil and with BNDES.

MMX Amapá: US$467 million

MMX Corumbá: US$15 million

16

ControllingShareholder and

Management

FreeFloat

68%

32%

Capital Stock – 7,607,756 common shares FreeFloat - Geographic Distribution

1,0%

41%16%

26%16%

BrazilUnited StatesCanadaEUOther

MMXM3 is included in the Differentiated Corporate Governance Stock Index

Stock split program initiated in January 2007 – second stock split scheduled for July 2007; third stock

split in January 2008

MMXM3 IN NOVO MERCADO - BOVESPA

17

Positive progress is being recognized by the capital market: market cap reached US$ 4.4 billion

MMXM3 X IBOVESPA

MMXM3 IN NOVO MERCADO - BOVESPA

20.00

100.00

180.00

260.00

340.00

420.00

500.00

580.00

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MMXM3 195.5%IBOVESPA 63.7%

IBOVESPA

MMXM3

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MMXM3 195.5%IBOVESPA 63.7%

IBOVESPA

18

Level I GDR Program initiates in the Toronto Stock Exchange on June 6, 2007

GDR per share ratio of 20:1

Ticker Symbol: XMM

CUSIP: 60688E102

Procedure for purchasing: contact broker or The Bank of New York (XMM’s Depositary Bank)

GDRs are also negotiated in the US OTC exchange under the ticker MMXMY

TORONTO STOCK EXCHANGE GDR LISTING

The Bank of New YorkShareholder Relations DepartmentP.O. Box 11258Church Street StationNew York, New York 10286-1258US: 1-888-BNY-ADRSIntl. Callers: 1-212-815-3700Shareowner-svcs@bankofny.com

19

MMX CORPORATE GOVERNANCE

Commited to the best corporate governance practices:

Board of Directors composed of 9 members, 6 independent with 1-year mandate

Audit Committee composed of 3 members, all independent

Hiring independent auditors according to internationally accepted criteria

Capital stock composed entirely of common shares, with 100% tag along

Free float greater than 25%

Stock Option program for the executives, with no dilution for minority shareholders

Corporate Policy for disclosing information to the public

Ethics Code

Arbitration for solving corporate issues

20

MMX entersNovo Mercado

MMX AmapáConstructionLicense (Mining)

MMX AmapáCleveland Cliffsproposes to buy 30% stake

MMX AmapáPreliminary License(Port)

Minas-Rio SystemSGA concludesiron ore tests

CVM authorizesLevel I GDR Program

Minas-Rio SystemPreliminaryLicense (Açu Port)

Amapá SystemReceivedauthorization for private portconstruction

Corumbá SystemConstructionLicense (Semi-finished plant)

First Stock Split2 for 1

MMX AmapáCleveland CliffsClosing & CAPEX increase

MMX Minas-RioCorporatereaorganizationcreation of LLX

MMX Minas-Rio IBAMA establishespublic hearingsprogram for pipeline

07/25/06 08/23/06

08/16/06

10/20/06

09/21/06

12/27/06 01/25/07 03/22/07 03/27/07

12/01/06 01/15/07 03/05/07 03/26/07

GIIC increases pellet feed supply contractto 13 million tons

MMX MAIN EVENTS IN 2006 AND 2007

21

MMX CorumbáInjuction stopspig iron plantconstuction

04/11/07 05/08/07 05/14/07

MMX CorumbáInjunction is revoked, pig ironplant constructionresumes

MMX Minas – Rio & Anglo AmericanClosing

04/23/07 05/09/07 05/30/2007

MMX & Anglo American agree onsale of 49% interestin MMX Minas-Rio iron ore project

CorporateReorganizationcreation of twosubsidiariesunder LLX

MMX Minas- Rio ConstructionLicense(Açu Port)

GDRs listingapproved byToronto StockExchange

MMX’s Mineral Resources andReserves obtainNI43-101 certification

MMX MAIN EVENTS IN 2006 AND 2007

22

Board of Directors

EliezerBatista

Chairman & CEO

Eike Batista

Michael Stephen

Vitton

Gilberto Sayão

Hans Mende

Peter Nathanial

Raphael de Almeida

Magalhães

Samir Zraick

Amaury Temporal

Independent Members

Board of Executive Officers

Executive PresidentInvestor Relations

Rodolfo Landim

Adriano Vaz

Audit Commitee

Samir Zraick

José Luiz Alqueres

Special Advisor

José Luiz Alqueres Dalton Nosé

Joaquim Martino

Nelson Guitti

Paulo Gouvêa

Peter Nathanial

CommercialDirector

Ricardo Antunes

General Counsel

Chief Financial Officer

Chief OperatingOfficer, Mining

Chief OperatingOfficer, Metallics

Administrative & HSEC

MMX - BOARD OF DIRECTORS & EXECUTIVE OFFICERS

Integrated andIndependent

logistics

High value-addedprojects, vertically

integrated

Mineral Resourceswith characteristics

that enablehigh quality

ptoducts

Health, Safety,Environmental

And SocialResponsibility

Experiencedmanagement

team

Long termsupply

relationships

Low productioncost at

competitivecapital

expenditurelevels

WWW.MMX.COM.BR

MMX MULTIPLYING VALUE

Investor RelationsRodolfo Landim – Director

of Investor RelationsElizabeth Cruz – Manager

Gina Pinto - AnalystTel. 55 21 2555-5634 / 5558/ 5563

ri@mmx.com.br