2011 RESULTS

Rio de Janeiro | March 2012

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.

DISCLAIMER

MMX signs contract for railway services with MRS through 2026

SRK certified 997,4 million tons of mineral reserves at Serra Azul Unit

EIA-RIMA filed for Sudeste Superport expansion to 100 Mtpa

Orders for long lead equipment for Serra Azul expansion

EPCM contract with CNEC Worley Parsons for Serra Azul expansion

Contract with MPX for energy supply for expansion of Serra Azul

SRK certified 2,5 billion tons of resources at Serra Azul and Pau de Vinho

Preliminary license of the Serra Azul expansion

MOU with Minerinvest

Financial advisory contract with Itaú BBA and WestLB

Acquisition of 99,1% of PortX shares at the VTO auction

Deal with Usiminas

January2012

February2011

DURING THE YEAR OF 2011, A LOT HAS BEEN

DELIVERED

3

4Q11 QoQ YoY 2011 YoY

Sales 1.9 million ton -8% -6% 7.7 million tons 8%

Net Revenues R$ 277.8 million 2% 39% R$ 1.0 billion 43%

Gross Profit R$ 162.7 million -6% 57% R$ 630.5 million 48%

Adjusted EBITDA * R$ 45.3 million -41% -30% R$ 239.6 million 33%

RECORD ANNUAL NET REVENUES AND EBITDA

* Excluding non recurring items and Sudeste Superport

(467)

134 187

14

180 240

-600

-350

-100

150

400

2009 2010 2011

EBITDA (R$ million)

EBITDA Ajusted EBITDA *

314

725

1,036

0

300

600

900

1,200

2009 2010 2011

Net Renevue (R$ million)

0.7

0.9

1.3 1.1

1.7

1.3 1.3

1.5

1.1

1.1

0.6

0.5

0.6

0.3

0.3

0.8

0.7

0.8

0.0

0.5

1.0

1.5

2.0

2.5

4Q09 2Q10 4Q10 2Q11 4Q11

Sales (million tons)

Domestic Market Seaborne Market

1.8

1.5

1.8

2.0

1.6

2.12.1

1.8

SALES VOLUME

1.9

48%

59%61%

0%

15%

30%

45%

60%

2009 2010 2011

Gross Margin (%)

LONG TERM DEBT PROFILE AND RECORD MARGIN

41%

27% 29%

59%

73% 71%

0%

20%

40%

60%

80%

100%

4Q10 3Q11 4Q11

Debt profile

Short Term Long Term

Sudeste Superport

Railway access

7

Sudeste Superport

Stockyard Elevation 6 m

8

Sudeste Superport

Stockyard Elevation 32 m

9

11 m

20.5 m

Sudeste Superport

Tunnel entrance

10

Bridge

450 m

Sudeste Superport

Offshore Structure - Bridge11

Bridge

250 m

Pier

766 m

Sudeste Superport

Offshore Structure

Bridge and Pier

12

13

Sudeste Superport

Offshore Structure

SUDESTE SUPERPORT

14

Shiploader

Equipment

Car dumpers

(Silo and Feeders)

Equipment

Car dumpers

(Car Positioners)

Investor RelationsGuilherme Escalhão – CEO and IRO

Rafaela Gunzburger – AnalystBeatriz Yoshinaga - Analyst

Tel. + 55 21 2555-6197/ 6338ri@mmx.com.br