Corporate presentation – september 2008

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  • Corporate Presentation | September, 2008

    THE GROWTH HISTORY

    GOES ON...

  • Disclaimer

    This presentation relating to MMX Minerao e Metlicos S.A. (MMX) includes forward-looking statements, as that term is defined in the PrivateSecurities 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 discussionsor 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

    MMXs prior written consent.

    Investor Relations

    Nelson Guitti Officer

    Marilia Botelho Manager

    Gina Pinto - Analyst

    Tel. 55 21 2555-5634 / 5558/ 5563

    ri@mmx.com.br

  • Corporate Structure

    MMX Sudeste

    100%

    Minera MMX

    de Chile

    30% Centennial

    Asset Corumb

    Corumb System

    100%70%

    MMX Corumb

    Minerao

    MMX Metlicos

    Corumb

    Greenfield projects developed by MMX: Corumb System started-up in 2005 (Mining) and 2007 (Metallics); Bom Sucesso start-up scheduled for 2012.

    Assets acquired by MMX (AVG: dec-07; Minerminas: jan-08)

    100%

    100%

    Sudeste SystemBom Sucesso

    AVG MinerminasBom Sucesso

    100%

    MMX Sudeste

    100%

    Free Float

    32.7%

    Controlling Shareholders

    67.3%

  • Assets

    Iron Ore: 6.3 Mtpy

    Pig Iron: 0.4 Mtpy

    Billets: 0.4 Mtpy

    Forestry Program:

    34,000 hectares of

    eucalyptus forest.

    Self-sufficiency in

    charcoal by 2017.

    MMX Corumb System

    MMX Sudeste

    Pelletizing Plant 50%-Option

    (at Au Port)

    Royalties on MMX Minas-Rio

    production

    Royalties on MMX Amap

    production

    Iron Ore: 33.7 Mtpy

    MMX Sudeste

    Minera MMX de Chile

    New Business Development

    MMX S.A. is the exclusive vehicle of EBX Group for investments in mining and metals, focusing on

    the production capacity increase through organic growth and the development of new opportunities.

  • Management

    Joaquim Martino

    Executive Officer

    Eike Batista

    CEO & Chairman of

    Board of Directors

    1

    Vitor Feitosa

    COO

    2

    Chequer Bou-

    Habib

    Commercial Director

    3Nelson Guitti

    CFO and Investor

    Relations

    4

    Vitor Feitosa Former Geology Coordinator, former Chief of Mine Planning and former General Manager of Sustainable Development of

    SAMARCO 24 years of experience

    Joaquim Martino Former Director of Pelletizing and Metallics, former Director of Carajs Mine and Ponta da Madeira Port (VALE), former

    Superintendent of Casa de Pedra Mine (CSN) and former Mining Director of MMX 27 years of experience

    Chequer Bou-Habib Former Marketing and Administration Director of VALE office in Brussels, former President of SAMITRI, former President of

    FERTECO, former CEO of GIIC (VALE subsidiary), former General Director of AVG Minerao (MMX) 24 years of experience

    Nelson Guitti Former Financial Director of BR DISTRIBUIDORA and former Executive Director of Strategy and Planning of GASPETRO 20 years of experience

    1

    2

    3

    4

  • High Performance in Strategic Management

    Pro-activity (voluntary

    public hearings)

    Environmental Licensing

    Implementation in

    record time (14 months)

    MMX Amap

    Partnership with

    strategic players

    Anglo & Cleveland Cliffs

    Eliezer Batista Natural Reserve

    Commitment with the

    Environment

    Financial Market

    trust

    OTPP

    Traditional Steel

    Companies

    Long Term Off-

    Take Agreement

    Focus on

    infrastructure

    projects

    LLX Logstica S/A

    70% Capex contracted

    MMX Minas-Rio

    2 years July

    2006

    July

    2008

    Mine implemented in 8

    months; Pig iron plant

    implemented in 12

    months

    MMX Corumb

  • Implementation of Amap

    System14 Months

    December, 2004Explorers

    December, 2007Start-up

    September, 2006Environmental Licensing and

    beginning of construction

    December, 20071st shipment

    Effectiveness in projects implementation

  • 26

    23

    17

    31

    23

    4

    110.20.2

    65

    13

    9

    16

    111310

    3

    16

    21

    29 29 30

    4

    1414

    1107

    812

    5491222

    20 21 4427

    4165 7759

    1984 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

    Sep/0

    6

    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

    Sep/0

    7

    Oct/

    07

    Nov/0

    7

    Dec/0

    7

    Jan/0

    8

    Feb/0

    8

    Mar/

    08

    Apr/

    08

    May/0

    8

    Jun/0

    8

    Jul/08

    Aug/0

    8

    0

    200

    400

    600

    800

    1000

    1200

    1400

    1600

    Volume Traded * Number of Trades

    (24/07/06 = 100)

    498.6

    211.27

    0

    100

    200

    300

    400

    500

    600

    700

    8007/2

    4/06

    9/24/0

    6

    11/24

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    1/24/0

    7

    3/24/0

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    7

    7/24/0

    7

    9/24/0

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    11/24

    /07

    1/24/0

    8

    3/24/0

    8

    5/24/0

    8

    7/24/0

    8

    (US$MM)

    MMXM3 X IBOVESPA (US$)

    MMXM3 IBOVESPA

    US$ 9.86

    *daily average

    Results reflected on the outstanding performance of MMX shares

  • MMXs Performance Pillars

    Iron Ore Market growth

    Management delivering as promised

    Added value

  • Health & Safety

    Relationship with

    communities

    EnergyWaste

    Water

    resources

    100

    80

    60

    40

    20

    0

    Recordable Incidents Frequency Rate Occupational Diseases Frequency Rate Compliance with hygiene standards

    ETHOS Social ResponsibilityIndicators

    Energy efficiency Use of renewables Charcoal from planted forests

    Domestic waste generation

    Reuse of industrial waste

    Compliance with environmental standards Water consumption Water recirculation Compliance with water grants

    Sustainable Operation: a MMX Value

  • Guided visits in the Forest site for local students;

    Tree planting program in communities adjacent to the

    Forestry Program site;

    Permanent local fauna and flora studies;

    Forest handling and fire prevention textbooks;

    Trainee programs;

    Implementation of communitarian plant nursery and

    environmental education;

    Local charcoal production and forest diagnosis;

    Seed nursery of native plants for restoring

    altered areas.

    Ceramic workshop

    Environment

    Week

    Stewardship Management

    Plan - Pantanal

    Environment: social and environmental awareness and accountability

    Strong and close integration with local communities and partnership with technical entities

    in s