MMX: CREATING CHOICES IN SEABORNE IRON ORE SUPPLY

Rio de Janeiro | March 2013

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 INTRODUCTION

1

59.3% Controlling

Shareholders

10.5% Wisco

8.8% SK Networks

21.4% Others

MMX Corumbá Mineração MMX Sudeste

Superporto Sudeste

Serra Azul

Bom Sucesso

100% 100% 94.52%

5.48% EBX

MMXM3: SOLID CONTROLLING SHAREHOLDERS

4

HIGH QUALITY MINING ASSETS IN TRADITIONAL

MINING DISTRICTS

Sudeste System Serra Azul Unit

Bom Sucesso Unit Corumbá System

Sudeste Superport

Two operating systems: Serra Azul and Corumbá

Current Capacity: 10.8 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

Expanding up to around 40 Mtpy in Brazil, through fully integrated systems: Private port

Strategic port location

5

SRK certification: 3,1 billion tons of mineral resources, and further mineral

potential of up to 1,4 billion tons. Reserves of 1 billion tons in Serra Azul.

59% of future production already committed through long-term contracts

Experience management team with implementation and operational expertise

Installed Capacity of 10 Mtpy (Serra Azul and Corumbá sites)

Sudeste Superport at 50 Mtpy, expandable to 100 Mtpy, provides gateway to seaborne markets Long Term Railway Contract with MRS

Low stripping ratio

Competitive scale – New beneficiation plant

Energy supply contract with MPX

Infrastructure with integrated logistics

Resource Base

Secured Off-take

Operational Track Record

Guaranteed Logistics

Competitive Production Cost

Structure

INGREDIENTS FOR A SUCCESSFUL IRON ORE

BUSINESS

6

Confirmation of the capital increase of R$ 1.4 billion

BNDES approves eligibility for a long term financing for Serra Azul

Conclusion of the offshore civil works at the Sudeste Superport

Issuance of debentures at the amount of R$ 600 million

Approval of the merger of PORTX into MMX

Public hearings in Itaguaí and Mangaratiba for the expansion of the Sudeste Superport to 100 Mtpy

Beginning of construction of the Serra Azul Unit expansion

Installation License authorizing the Serra Azul Unit expansion

MMX signs contract for railway services with MRS through 2026

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

EPCM contract with CNEC Worley Parsons for Serra Azul expansion

Contract with MPX for energy supply for expansion of Serra Azul

Financial advisory contract with Itaú BBA and Bradesco

Deal with Usiminas

March 2013

February 2011

A LOT HAS BEEN DELIVERED

7

FINANCIAL HIGHLIGHTS

8

725

1,036

806

0

200

400

600

800

1,000

1,200

2010 2011 2012

Net Revenue (R$ million)

427

630

437

0

100

200

300

400

500

600

700

2010 2011 2012

Gross Profit (R$ million)

134

187

49

18.5%

18.0%

6.0%

0%

5%

10%

15%

20%

0

20

40

60

80

100

120

140

160

180

200

2010 2011 2012

EBITDA (R$ million)

EBITDA EBITDA Margin

SUDESTE SYSTEM

2

SERRA AZUL UNIT

2.1

UNIQUE INTEGRATED LOGISTICS

Since Iron ore is a bulk commodity, an integrated logistic (mine railway port) is the key factor for a successful operation

Mine Superport Railway

Serra Azul unit is near to the MRS railway - 10 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 Sudeste Superport, both located in Itaguaí.

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

Offtakers (Shareholders)

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 (9%).

SK and Wisco will together offtake 59% of total production

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

11

QUADRILÁTERO FERRÍFERO Iron ore Quadrangle

12

RAILWAY

Railway access connecting MRS to the Sudeste Superport

13

Contract signed on December 28th 2011.

Long term contract through 2026.

Provides for a volume of up to 36 million tons of iron ore per year.

Tariff: R$ 26.463/ton , net of tax, readjusted annually by a parametric

formula the variation in IGP-DI and in diesel oil.

MRS CONTRACT

MMX signed a long term contract for railway services

14

SERRA AZUL

Expansion project with integrated logistic and pellet feed iron ore

Highlights

Production target: 29 Mtpy

59% 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

Acquisition of gyratory crushers, ball mills, SAG mills and vertical mills for the new beneficiation plant

Contract with CNEC WorleyParsons

Contract with MPX to supply power for 15 years at a base-price of R$125/MWh

Expected Quality – Ouro Preto pilot plant test work

Fe: 66.65% P: 0.025%

SiO2: 3.23% Mn: 0.018%

AL2O3: 0.54% LOI: 0.75%

15

SERRA AZUL

Growth through consolidation while leveraging existing infrastructure

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SERRA AZUL

Serra Azul Unit Expansion Project

New Beneficiation Plant, transmission line and water pipelines, Stockyard and Loading Terminal

Pit

17

Serra Azul Expansion

Beneficiation Plant 18

Primary Crushing Grind

Construction Site

Beneficiation Main Access

Water Storage Tank

Grind

Primary Crushing

Pump House, Sump and Thickeners

Substation

Piles Construction Site and Warehouse

Water Storage Tank Inc.

Administrative Buildings

Maintenance Workshop

Earthwork

SERRA AZUL

SUDESTE SUPERPORT

2.2

Sudeste Superport

Location 21

Nautical Access

Offshore

Tunnel

Stockyard 32

Stockyard 06

Railway Access

Sudeste Superport

Artistic View 22

SUDESTE SUPERPORT

Overview

Licensed to 50 Mtpy, expandable to 100 Mtpy

Licensing for 100 Mtpy underway, public

hearing held on May, 2012

Navy Approval to 100 Mtpy

Loading: 2 ship loaders of 25 Mtpy each

Construction works for the tunnel and

offshore infrastructure completed

Fully funded (BNDES)

23

Sudeste Superport - Itaguaí

USIMINAS AGREEMENT

SRK resources audit : 810 million tons

plus a potential of an additional 75

million tons

Pau de Vinho target production: 8 Mtpy

Significant synergies with current

mining operations at Serra Azul

13.5% of production at Pau de Vinho

will be delivered to Usiminas

MMX will be responsible for the

licensing, CAPEX and operation for 30

years

Handling fee: USD 12.63/ton adjusted

by US-PPI

Volumes:

■ 12 Mtpy

80% Take-or-Pay

Usiminas can renew the contract for 1

to 5 years

Pau de Vinho Joint Mining Sudeste Superport Handling

24

Railway Access to Itaguaí Port

Road&Railway Access to MMX

Sudeste Superport

Road&Railway Access

Sudeste Superport

Road&Railway Access

Sudeste Superport

Road&Railway Access

Sudeste Superport

Stockyard Elevation 6 m

28

Stockyard 32

Stockyard 6

Road Access

Stacker Reclaimer Rolling Way

Car Dumpers

Stacker Reclaimer Infrastructure

Car Dumpers Control Room

29

Sudeste Superport

Car Dumpers

Car Dumpers

Control Room of Car Dumpers

Train Positioners

Sudeste Superport

Stockyard Elevation 32 m 30

Transfer House Concrete Base

Electric Substation Infrastructure

Tunnel Entrance

11 m

20.5 m

Sudeste Superport

Tunnel entrance 31

32

Electric Substation Building

Bridge 2 (270 m)

Bridge 1 (430 m)

Platform 2

Tunnel Exit

Sudeste Superport

Substation Structure

on Platform 1

33

Superporto Sudeste

Estrutura Offshore

33

Bridge

270 m

Bridge

430 m

Pier

766 m

Sudeste Superport

Offshore Structure 33

34

Superporto Sudeste

Estrutura Offshore

34

Sudeste Superport

Ship Loader

Defense

Ship Loader

CORUMBÁ

3

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

36

Investor Relations Carlos Gonzalez – CEO and IRO

Adriana Marques – Manager Daniella Maia - Analyst

Phone + 55 21 2163-6197 +55 21 2163-4366

ri@mmx.com.br