1. May, 2010

2. 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
Roger Downey – CEO & IRO
Matheus Rosa – IR Manager
Rafaela Gunzburger – Analyst
Tel. + 55 21 2555-6197/ 6338 2
ri@mmx.com.br

3. 3

4. Seaborne Iron Ore Supply/Demand
DEMAND
SUPPLY
Source: Credit Suisse Estimates
• Seaborne market already at record levels. September is now very near the peak levels of June 2008.
• Iron Ore Markets are tight and should be even tighter in 2010 and 2011.
• Shipments-to-capacity could reach ~ 98%.
4

5. Chinese local iron ore production has been replaced by
imports. It represented 75% of the total imported
volume in Nov/2009.
Source: Credit Suisse
5

6. Brazil´s iron ore exports in march 2010 grew 24%
on a year-over-year basis.
China represented 50% of iron ore exports.
Brazil´s Iron Ore exported volume
( million tons)
40
China World
35
30
25
20
15
10
5
0
Jan-06 Jul-06 Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10
Source: Credit Suisse
6

7. Iron ore prices are expected to remain
above US$ 100/ton through 2012
7

8. Crude Steel Production
Crude Steel Production
(million tons)
2000
1600
1200
800
400 CAGR China 6.0%aa
0
China Others World
• Chinese crude steel production has rebounded and is forecast to grow at least 6.0 (CAGR).
• The world crude steel output is expected to recover back to pre-crisis levels by 2010.
8

9. Miners drastically pushed back investments
Investments
(US$ billion)
110
100
Planned
90
80
70
Approximately
60
US$ 200bn in capex
50
reduction
40
30
Estimated
20
10
0
1992 1994 1996 1998 2000 2002 2004 2006 2008 2010e 2012e 2014e
Source: Credit Suisse
9

10. 10

11. Since IPO (July’06), a lot has
been delivered…
May • Wisco’s Investment in MMX and Iron Ore offtake from MMX Sudeste;
2010
• Sale of Corumba’s pig iron facility to Vetorial;
• MoU with Wuhan: supply of iron ore and sale of stake in MMX;
• Minera MMX de Chile: acquisition of mining rights and logistics already
identified;
• Development of MMX Sudeste System: acquisition of assets, logistics
secured and expansion plans to 33.7 million tons per year of iron ore;
• Sale of assets to Anglo American: MMX Minas-Rio and MMX Amapá;
• Spin off of LLX;
• Partnership with Anglo American and Cleveland Cliffs;
• MMX Corumbá pig iron furnaces: implemented in 12 months;
• MMX Corumbá iron ore mine: operational in 8 months;
• MMX Amapá System, mine, railroad and port: operational in a 14-month
July record time;.
2006
11

12. MMX structure
Controlling Shareholders
43.55%
Free Float
21.52%
34.93%
30% EBX
Brasil S/A
Bom Sucesso under basic
engineering studies
Corumbá System started-up
in 2005 (Mining)
Assets acquired by MMX (AVG:
dec-07; Minerminas: jan-08) 12

13. The only one of its kind
MMX uniqueness:
High quality iron ore;
Low cash cost, due to the high in situ
ore content and high productivity;
Secured logistics, through long-term
agreements with rail, barges and port
services providers, including LLX
Sudeste Port, its sister company;
The unique independent operating
Brazilian junior mining company;
Experienced Management in
selecting high value mining assets,
implementing and operating mining
projects;
Proven ability in delivering value to
shareholders.
13

14. 14

15. MMX Sudeste System: competitive high-grade
iron ore producer with efficient logistics
Bom Sucesso Tenement:
A promissing world class resource
15

16. MMX Sudeste System: competitive high-grade
iron ore producer with efficient logistics
MRS has potential for ~ 300 million tons/year
16

17. MMX Sudeste System: competitive high-grade
iron ore producer with efficient logistics
Environmental and
Construction
Licenses obtained;
Long term financing under
negotiation;
50 million ton/year of iron ore
Can be expanded to 100
million
ton;
Start-up second half 2011.
17

18. Serra Azul
Overview
18

19. Serra Azul
8.7 Mtpy of capacity reached in Oct’08
OPERATIONS SALES & LOGISTICS
• Assets acquisition concluded in Jan./2008;
• Railway capacity secured
• Construction of Magnetic Concentration through long-term
Plant and operational enhancements: 8.7 agreement with MRS up to 15
million tons as annual installed production Mtpy;
capacity in Oct./2008.
• Port capacity from mid-2011
untill 2032 secured through
long-term agreement with
LLX Sudeste Port;
• Long-term agreements with
domestic and international
customers;
• Wysco will off-take at least
50% of MMX Sudeste
production.
Magnetic Concentration Plant – Start-up Oct./2008 19

20. MMX Sudeste System:
Growth and proximity to existing infrastructure
MMX is the natural consolidator in the region 20

21. Bom Sucesso:
Outstanding magnetite content and logistics
• Acquisition of mining rights concluded in July/2008;
• Unique magnetite content (close to 30%);
• The closest iron ore asset to Sepetiba Bay – 240km;
Expected Quality: • Greenfield basic engineering studies and environmental licensing
Fe: 67.2% P: 0.033% under development;
SiO2: 2.5% PPC: 0.6%
• Rail capacity under negotiation with MRS to extend current contract
AL2O3: 0.5% FeO: 8.8% for additional 17 mt up to 2032. 21

22. MMX Sudeste: Connected to Sudeste
Super Port by MRS
MMX also has rights to use the Açu Super Port 22

23. MMX Sudeste
Export target of 32 million tons per year through Sudeste Super Port
Sudeste Super Port can be expanded to 100 million tons per year
23

24. 24

25. Iron Ore in Chile:
Quality, logistics and competitiveness
• 4 mining rights (2
purchase and options
agreements);
• USD 44.5 million;
• 50km from the Chilean
coast, approx. 1,760
hectares;
• Pellet feed with high
magnetite content;
• Existing railroad
(FERRONOR).
Preliminary tests in
Ouro Preto pilot plant:
Fe: 67.50% SiO2: 2.5%
Al2O3: 0.85% P: 0.015%
25

26. Logistics: Puerto Punta Cachos
• EBX has 240,000 ha property in the
Atacama region;
• Permits to develop the urban, industrial
and port zones;
• Water availability with permits;
• Guaranteed site contract for:
• 89 ha of premium area (port);
• 782 ha of retro-area;
• Unlimited scalability for a long-
term development;
• Located close to mining players;
• Opportunities for industrial businesses:
• Port / Thermo.
26

27. 27

28. MMX Corumbá Mineração
• Unique high quality lump yield;
• Current Capacity: 2.1 Mtpy.
• MMX has Long Term Supply Agreement
with traditional steel makers in South
America and Europe;
• Transport barges down the Paraguay
River to Rosario Port;
• MMX has long-term contracts with local
and international barge operators;
• Rosario Port in Argentina: Handymax
vessels to Europe;
28

29. Iro n o re volumes estimates by System
29

30. 30

31. Closing of the deal with Wisco
Equity investment in Iron Ore offtake Steel Plant at Açu
MMX by Wisco Super Port
Wisco acquired newly issued Offtake by WISCO of at least Cooperation Agreement
common shares of MMX; 50% of the iron ore from Serra between EBX and WISCO for the
Azul Mines; construction of an integrated
Total subscription of US$ 400 million; steel plant at LLX’s Açu Super
Possibility to extend the offtake Port;
Equity participation in MMX of to at least 50% from Bom
21.52%; Sucesso Mines; WISCO will hold 70% and EBX
(directly or through affiliates) will
Proceeds will be fully directed to Combined exports of at least 16 hold 30% of the joint venture;
the development of Sudeste millions tons per year of iron ore
System; from MMX Sudeste System, once The minimum annual capacity of
it is fully ramped-up; the steel plant will not be less than
MMX shares issued at a per-share
5 million tons, with the possibility of
price in reais1 equivalent to The Iron Ore Purchase and Sale increasing significantly;
US$3.93; Contract shall be valid for 20
years as from April 1st, 2010. Funding can be raised from
MMX issued 167,849,906 common
China Development Bank,
shares and minority shareholders
Brazilian National Development
were granted preemptive rights in
Bank (BNDES) and through
the share issue at a rate of 0.55.
capital markets transactions
MMX raised US$650M.
EBX and WISCO will seek to obtain
all necessary approvals for
construction before May 31, 2010.
1 - at the date of the Meeting of the Board of Directors that will approve the new issue of shares 31

32. Wisco
Wuhan Iron and Steel
• The Chinese Wuhan Iron and Steel Corporation (WISCO)
was created in 1955;
• WISCO is the first giant iron and steel complex established
after the founding of the People’s Republic of China;
• WISCO has an annual production capacity of 31 million
tons, ranking the third in China and the 7th largest steel
producer in the world;
• WISCO plans to expand its steel production capacity to 50
million tons per year, what would require a supply of
approximately 80 million tons per year of iron ore;
• The CEO of Wuhan happens to be also the President of CISA
(China Iron and Steel Association);
• WISCO is making great efforts to enter into the rank of the
500 top enterprises in the world and become an important
automobile sheets producer in China by 2010.
32

33. THANK YOU
33