1Q12 RESULTS

Rio de Janeiro | May 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

1Q12 QoQ YoY

Sales 1.4 million ton -28% -13%

Net Revenues R$ 159.2 million -43% -11%

Net Profit R$ 49.3 million -29% -23%

EBITDA R$ 4.2 million -91% -90%

REVENUES AND EBITDA

63.8 69.2

49.3

0

25

50

75

1Q11 4Q11 1Q12

Net Profit (R$ million)

41.7 20.4

4.2

0

15

30

45

1Q11 4Q11 1Q12

EBITDA (R$ million)

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

0.3

0.0

0.5

1.0

1.5

2.0

2.5

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12

Sales (million tons)

Domestic Export

1.5

1.8

2.0

1.6

2.1 2.21.9

1.7

SALES VOLUME

1.4

LONG TERM DEBT PROFILE AND GROSS MARGIN

61% 59% 53%

0%

15%

30%

45%

60%

1Q11 4Q11 1Q12

Gross Margin (%)

38%

29% 32%

62%

71% 68%

0%

20%

40%

60%

80%

100%

1Q11 4Q11 1Q12

Debt profile

Short Term Long Term

Sudeste Superport

Railway access

6

Sudeste Superport

Stockyard Elevation 6 m

7

Sudeste Superport

Car Dumpers Elevation 6 m

8

Sudeste Superport

Stockyard Elevation 32 m

9

11 m

20.5 m

Sudeste Superport

Tunnel entrance

10

11

Superporto Sudeste

Offshore Structure

Bridge

250 m

Pier

766 m

SUDESTE SUPERPORT

12

Shiploader

Equipment

Car dumpers

(Silo and Feeders)

13

Equipment

Car dumpers

(Car Positioners)14

Investor RelationsGuilherme Escalhão – CEO and IRO

Rafaela Gunzburger – AnalystBeatriz Yoshinaga - Analyst

Tel. + 55 21 2555-6338/4240ri@mmx.com.br