corporate presentation – june 2008

CORPORATE PRESENTATION

JUNE 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 – Officer

Elizabeth Cruz – Manager

Gina Pinto - Analyst

Tel. 55 21 2555-5634 / 5558/ 5563

[email protected]

www.mmx.com.br/ri

Praia do Flamengo 66, 10º floor

Rio de Janeiro, Brazil 22210-030

mailto:[email protected]

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

Corporate Structure before Restructuring and Anglo’s proposal

30% Centennial

Asset Corumbá

49% Anglo American

MMX Corumbá

49% Anglo

American

LLX Logistica

85%

30% Centennial Asset

Participações Logística

LLX AçuLLX Minas-Rio

100%

Minas-Rio Project

70%

30% Cleveland

Cliffs

MMX Amapá

70%

MMX Minas-Rio

51%

MMX SUDESTE* MMX Metálicos

100%

15% OTPP

70%51%

MMX & Anglo American Transaction

1* Ex- AVX Mineração

Centennial Asset

Corumbá

MMX

Corumbá

70%

30%

MMX Amapá

70%

MMX

Minas-RioMMX

SUDESTE*

MMX Metálicos

70%51%

IronX

MMX current

shareholders

43%57%

51%100%

100%

Controlling

Shareholders

of MMX

LLX

Minas-Rio

LLX

Açu

30%

Centennial Asset

Participações

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 Minority

Shareholders of MMX&

49%


– Payment to IronX shareholders (including tag along) totaling US$5,518,547,123.63 – US$18,056 per

share

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 agreement

between Controller and Anglo

MMX restructuring approval by MMX Board of Directors at Board Meeting and by the shareholders

at the Shareholders’ Meeting

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

Conditions

3

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Announcement of the Transaction: January 17, 2008

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

MMX’s Board meeting approved the Company’s partial split-up and authorized to call the

Shareholders’ Meeting: April 7, 2008

Extraordinary Shareholders’ Meeting: June 19, 2008

Controller stake sale financial closing: after Shareholders’ Meeting

IronX and LLX listing on Bovespa: after Shareholders’ Meeting

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

4








MMX IN THE STOCK MARKETS – BOVESPA AND TSX

Controlling

Shareholder 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 Differentiated

Corporate Governance Stock Index

Ordinary shares, 100% tag along

Successful IPO on July 24, 2006: US$ 509

million,

66%

34%

5

2%2%

9%

41%

16%

21%

9%Brazil

United States

Canada

EU

GDRs

Asia

Other

5

10

15

20

25

30

35

40

45Price(US$)

MMXM3

IBOV

2

6

23

4

110,20,2

6513

9

16

111310

3

16

21

29 2930

4

549

1222

20 21 4427

41 65 775919 84 95 129 136

104

450

0,0

5,0

10,0

15,0

20,0

25,0

30,0

35,0

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

Mar/

08

Apr/

08

May/0

9

0

100

200

300

400

500

600

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

MMXM3 IN NOVO MERCADO - BOVESPA

(US$MM)

MMXM3 X IBOVESPA

US$ 33

6*daily average

MMXM3 22.5 %IBOVESPA 20.1 %

MMX – POSITIVE PROGRESS RECOGNIZED

MARKET CAP INCREASED 7x REACHING US$10 B

IRON ORE MARKET GROWTH

MANAGEMENT DELIVERING AS PROMISED

ADDED VALUE

7

NEW MMX

Iron Ore: 4.9 Mtpy

Pig Iron: 0.4 Mtpy

Semi-Finished: 0.5 Mtpy

Engineer Eliezer Batista

Natural Reserve

MMX is the exclusive vehicle for mining projects: now developing the 4th System

MMX Corumbá System

Amapá System Royalties

• Açu Pellet Plant Option

• Minas-Rio Royalties

New MMX includes marketable Securities + Cash + Royalties

MMX Sudeste System *

Iron Ore: 20 Mtpy


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.

9

Iron OreCustomer Term Quantity

AMERICAS 2007-2012 500 ktpa

EUROPE 2007-2012 640 ktpa

Pig Iron Plant *** 700 ktpa

Pig IronCustomer Term Quantity

AMERICAS 2007-2012 308 ktpa

MMX CORUMBÁ SYSTEM - TIMELINE

Start-upPig Iron Corumbá

20102003 2004 2005

Asset acquisitions

Start-up Corumbá Mine

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

SystemIron Ore: 4.9 Mtpy

Pig Iron: 0.4 Mtpy

Semi-Finished: 0.5 Mtpy

10

Total Production

MMX SUDESTE SYSTEM* - HIGHLIGHTS

MMX

Port

Sudeste

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

Export contracts under negociation

New aquisitions to be concluded

Current sales – around 75% to the domestic market

Current logistics: MRS railway and Sepetiba Port

Future logistics: MRS railway system connecting to

Port Sudeste

Port Açu


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 20 Mtpy under analysis

Engineering studies are being carried to define the capex for expansion

from 2009

Asset

acquisitions

AVG + Minerminas

New acquisitons

MMX Sudeste*

6.6

6.1

10UNDER

ANALYSIS

Studies to

increase

capacity

UNDER

ANALYSIS

12

MMX SUDESTE SYSTEM* - TIMELINE

* Ex- AVX Mineração





MMX SUDESTE* – REGIONAL LOCATION

13

Pau de Vinho (J Mendes)

Serra da Farofa AVG + Minerminas

Minerminas

EMICON

SOMISA (J Mendes)

J MendesItatiaiuçu

Itatiaiuçu

Minerita

Santanense

Global (J Mendes)COMISA

Esperança

Mining Rights - lay Out



LLX LOGÍSTICA S.A. – Highlights

LLX was created in March 2007, aimed at exploring the

significant growth potential in infrastructure and logistics

services 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.

14

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 Sudeste

Port 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) regulations15

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.

16

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.

17

LLX – PORT BRASIL – Logistics Connections

Port Brasil will be connected by 1800 km of railway track (ALL) and by a four lane highway

(Padre Manoel da Nóbrega)

18

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 Ore

Up to 25.0 mtpy 19

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LLX – PORT SUDESTE

MMX Sudeste* iron ore logistics to Port Sudeste:

20

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 Sudeste

Overview
