Agreement

with

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with

Usiminas

Disclaimer

This presentation relating to MMX Mineração e Metálicos S.A. (“MMX”) includes “forward-looking statements”, as that term is defined in thePrivate 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 andare 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 andspecific. The risk exists that these statements may not be fulfilled or, even if they are fulfilled, the results or developments described in suchspecific. The risk exists that these statements may not be fulfilled or, even if they are fulfilled, the results or developments described in suchstatements 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 thesestatements.

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 partwithout MMX’s prior written consent.

Investor Relations

Roger Downey – CEO & IRO

Camila Anker– IR Manager

Rafaela Gunzburger – Analyst

Tel. + 55 21 2555-6197/ 6338

ri@mmx.com.br

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� Usiminas signed an agreement to ship iron ore through Sudeste Superport

� Handling fee: USD 12.63/ton adjusted by US-PPI

� Volumes:

- 2012 = 3 Mtpy

- 2013 = 4 Mtpy

- 2014 = 8 Mtpy

Port Services Agreement Highlights

- 2014 = 8 Mtpy

- 2015 = 12 Mtpy

- 2016 = 12 Mtpy

� 80% Take-or-Pay

� Sudeste Superport start-up is expected for 1Q12

� In 2015, Sudeste Superport will reach 46 Mtpy (34 Mtpy from MMX and 12

Mtpy from Usiminas)

� Usiminas can renew the agreement with a 24 month notice

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Serra Azul Complex

MMX is the natural consolidator in the region 4

� MMX and Usiminas signed an agreement to jointly mine the Pau de

Vinho resource

� Pau de Vinho estimated resources: above 800 M tons

� 13.5% of production at Pau de Vinho will be delivered to Usiminas

� MMX will be responsible for the licensing, CAPEX and operation

Joint Mining Agreement Highlights

� MMX will be responsible for the licensing, CAPEX and operation

� Pau de Vinho target production: 8 Mtpy

� MMX owns the surface rights on the area to be mined at Pau de Vinho

� MMX expects to obtain significant synergies with its current mining

operations

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MMX Sudeste: Connected to Sudeste

Super Port by MRS

6MMX also has rights to use the Açu Superport

Sudeste Superport:

�Fully licensed to 50 mtpy

MMX Sudeste System: competitive high-grade

iron ore producer with efficient logistics

�Fully funded;

�Can be expanded to 100 mtpy;

�Shipments to start 1Q12.

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THANK YOUTHANK YOU

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