MMX MINERAÇÃO Creating choices in seaborne iron ore supply

June | 2014

DISCLAIMER

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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.

MMX INTRODUCTION 1.

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MMX Corumbá Mineração

MMX Sudeste

100% 94,52%

5,48% EBX

CONTROLLING SHAREHOLDERS

59,3%

WISCO 10,5%

SK NETWORKS

8,8%

OTHERS 21,4%

Serra Azul

Bom Sucesso

MMXM3

UMA HISTÓRIA ÚNICA

35%

Porto Sudeste do Brasil

65%

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Two operating systems: Serra Azul and Corumbá;

Current Capacity: approximately 7 Mtpy;

Mining rights in traditional iron ore districts: Brazil (Minas Gerais and Mato Grosso do Sul);

Production committed with strategic consumers – China and South Korea – through long-term contracts;

Brownfield start up in Brazil;

Strategic port location.

Sudeste System | MG

Serra Azul Unit

Bom Sucesso Unit

Corumbá System | MS

Porto Sudeste| RJ

Sistema Sudeste

High quality mining assets in traditional mining districts

MMX INTRODUCTION

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RESOURCE BASE SRK and Coffey Mining certifications (Serra Azul, Pau de Vinho e Bom Sucesso): 3,6 billion tons of mineral resources. Reserves of 1 billion tons in Serra Azul.

COMPETITIVE PRODUCTION

COST STRUCTURE

Low stripping ratio;

Competitive scale – New beneficiation plant;

Energy supply contract with MPX;

Infrastructure with integrated logistics.

GUARANTEED LOGISTICS

Porto Sudeste at 50 Mtpy, expandable to 100 Mtpy, provides gateway to seaborne markets;

Long Term Railway Contract with MRS.

SECURED OFF-TAKE

64% of future production already committed through long-term contracts.

OPERATIONAL TRACK RECORD

Experience management team with implementation and operational expertise;

Current Capacity of 7 Mtpy (Serra Azul and Corumbá sites).

Ingredients for a successful iron ore business

MMX INTRODUCTION

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A lot has been delivered

MMX INTRODUCTION

2012 JUNE 2014

Conclusion of the offshore civil works at the Sudeste Superport;

BNDES approves eligibility for a long term financing for Serra Azul;

Conclusion of the capital increase in the amount of R$ 1.4 billion;

Arrival of 2 Ship Loaders in the Sudeste Superport ;

Renewal of the lease contracts for mineral rights with the CEFAR, extending the terms of validity from 2021 to 2034;

Conclusion of the contracting of supplementary long term funding for the Sudeste Superport with BNDES, in the sum of R$ 935 million;

New certification of mineral resources (SRK and Coffey Mining) totaling 3.6 billion tons considering Serra Azul Unit, Mina Pau de Vinho and Bom Sucesso;

Hiring of financial advisors to evaluate business opportunities;

Sale of all shares in Minera MMX de Chile S.A. to Inversiones Cooper Mining S.A.

Definitive agreements executed by the Company with Trafigura and Mubadala;

The merger of MMX Porto Sudeste S.A. by MMX

Approval of the business plan’s revision of the Company;

Reverse stock split of shares of the Company, at a ratio of 6 shares for 1 share.

Conclusion of the investment operations of Trafigura and Mubadala in Porto Sudeste do Brasil SA.;

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1.036 806

1.041

0

300

600

900

1.200

2011 2012 2013

Net Revenue (R$ million)

630 437

654

0

200

400

600

800

2011 2012 2013

Gross Profit (R$ million)

165 49

-157

15,9% 6,0%

-15,0%

-20%

0%

20%

-200

-100

0

100

200

2011 2012 2013

Adjusted EBITDA (R$ million)

Adjusted EBITDA EBITDA Margin

MMX INTRODUCTION

Financial highlights

SUDESTE SYSTEM 2.

SERRA AZUL UNIT 2.1

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Mine Porto Sudeste Railway

Serra Azul unit is near to the MRS railway - 7 km from the mine, a distance currently traversed by trucks.

MMX has a long term contract with MRS railway, which connects the mine with the CSN’s port and the Porto Sudeste, both located in Itaguaí.

Porto Sudeste will have 50Mtpy iron ore shipping capacity. The Superport will have a depth of 20 meters, enough to handle Capesize vessels.

Since Iron ore is a bulk

commodity, an integrated

logistic (mine > railway >

port) is the key factor for a

successful operation.

Contract with MRS until

2026

WISCO

Long-Term contract (20 years) to trade iron ore. SK will take-off part of the Sudeste System yearly production equivalent to its participation in MMX Capital (14%).

Long-Term contract (20 years). Wisco will off-take at least 50% of MMX Sudeste production.

OFFTAKERS (SHAREHOLDERS)

SK NETWORKS

UNIQUE INTEGRATED LOGISTICS

SK and Wisco will together offtake 64% of total production

QUADRILÁTERO FERRÍFERO

Iron ore Quadrangle

Minas Gerais

RAILWAY

Railway access connecting MRS to the Porto Sudeste

Expansion project with integrated logistic and pellet feed iron ore

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SERRA AZUL

Highlights

Production target: 15 Mtpy waiting of new partner;

64% of production already committed through long-term contracts;

997.4 million tons of reserves already secured by SRK.

Execution Update

Beginning of construction of Serra Azul Unit expansion;

Construction license issued in April, 2012;

Expected Quality – Ouro Preto pilot plant test work

Fe: 66,65% P: 0,025% AL2O3: 0,54%

SiO2: 3,23% Mn: 0,018% LOI: 0,75%

BR 381

Itatiaiuçu

Igarapé

São Joaquim de Bicas

Brumadinho

Sarzedo

Mario Campos

N

Growth through consolidation while leveraging existing infrastructure

SERRA AZUL

1 2

3 4

5

6

7

8 9

10 11

12

13

14

14

15

15

1 USIMINAS Western

2

3

4

5

6

7

8

9

MRI

USIMINAS Central

Arcelor Mittal

Minerita

Ferrous-Santanense

USIMINAS Eastern

Comisa

Emicon

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11

12

MMX

USIMINAS Pau de Vinho

Ferrous – Esperança

13 Minera do Brasil

14 Vale

Itaminas 15 15

Serra azul unit expansion project

UNIDADE SERRA AZUL

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1 Beneficiation Plant

2 Tailings dam, about 40km away from the mine, associated with a tailings pipeline

3 Pipeline with approximately 7km extension

4 Rail terminal connected to the MRS rail network

5 Arch extensions

6 Waste deposit

7 Water supply

8 High voltage power station

9 Access

2 6

9

1 5

7

9 9

8

3 4

Itatiaiuçu Igarapé

São Joaquim de Bicas

Mario Campos

Serra Azul Expansion

Beneficiation Plant

Earthwork

SERRA AZUL

1 Pump House, Sump and Thickeners

2 Construction Site

1 1

3 Beneficiation

2

3

4 Grinding

4

5 Substation

6 Grinding

7 Piles

8 Primary Crusher

5 6

7

8

9 Primary Crusher

10 Water Storage Tank

11 Construction Site and Warehouse

12 Water Storage Tank Inc.

9 10

11

12

13 Main Access

14 Administrative Buildings

15 Maintenance Workshop

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PORTO SUDESTE DO BRASIL 2.2

Overview

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Private port terminal designed exclusively to export iron ore;

Licensed to 50 Mtpy, expandable to 100 Mtpy;

Navy Approval to 100 Mtpy;

Construction works for the tunnel and offshore infrastructure completed;

PORTO SUDESTE

Porto Sudeste | Ilha da Madeira, Itaguaí (RJ)

PORTO SUDESTE

MRS Railway Connection Macro Region

Pier

Tunnel

Road Acess &

Railway Acess

BR-101 - Highway

MRS - Railway

PORTO SUDESTE

Micro region

PORTO SUDESTE

Rail and Road Access

Viaduct over Rail access

and Cação river

Rail access

Viaduct over Rail loop

Rail access

PORTO SUDESTE

Rail and Road Access

Control Room of Car Dumpers

Car Dumper 1

Car Dumper 2

Train Positioners

PORTO SUDESTE

Car Dumpers at Stockyard Elevation 6m

CHARACTERISTICS:

Depth: 21 m

Width: 12 m

Length: 30m

Stacker Reclaimer Tracks

Stockyard 32 Mariquita’s Hill

Car Dumpers

Transfer House PORTO SUDESTE

Stockyard 6m

Stacker Reclaimer Tracks

Stockyard 6 Transfer House

Tunnel Entrance

Electric Substation &

Control Center

PORTO SUDESTE

Stockyard 32m

Conveyor Belt

1st Phase 2nd Phase

PORTO SUDESTE

Tunnel

SECTION FOR 100 MTPY

Cross Area: 198 m²

Height: 11 m

Width: 20.5 m

Length: 1.8 km

Tunnel Exit

Bridge 430m long

Electric Substation

Connecting Plataform

Transfer House

PORTO SUDESTE

Bridges and Plataform

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PORTO SUDESTE

Bridges, Plataform and Pier

Pier 766m long

Bridge 270m long

Shiploaders

Bridge 430m long

Transfer House

PORTO SUDESTE

Bridges, Platform and Pier

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PIER

Highlights

Berth draft: 20 m – Able to load 80,000 to 260,000 ton vessels;

Potential expansion to 100 Mtpy.

50 Mtpy

Pier length: 766 meters

Number of berths: 2

100 Mtpy | Future Expansion

Pier length: 766 meters

Number of berths: 4

PORTO SUDESTE

Shiploaders at Pier

CORUMBÁ 3.

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CORUMBÁ

Highlights

Current Capacity: 2.1 Mtpy;

Long-term contracts signed with local and international barge operators;

SRK audit resources report: 192 million tons plus a potential of an additional 123 million tons;

Sale of assets in progress.

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Carlos Gonzalez CEO and IRO

Adriana Marques Manager

Phone + 55 21 2163-6197

+ 55 21 2163-6338

E-mail ri@mmx.com.br

MMX

INVESTOR RELATIONS

www.mmx.com.br