webcast 3q11 english

3Q11 Results

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

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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

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2

Positive EBITDA for the 5th consecutive quarter

3Q11 QoQ YoY

Sales 2.1 million ton 2% 20%

Gross Revenues R$ 287.9 million -8% 14%

Gross Profit R$ 172.6 million -7% 9%

Adjusted EBITDA R$ 61.2 million -18% -15%

*excluding non-recurring itens.

88.5 90.9

(243.2)

-250

-150

-50

50

3Q10 2Q11 3Q11

Net Profit (R$ million)

72.8 75.2

61.6

0

30

60

90

3Q10 2Q11 3Q11*

EBITDA (R$ million)

0.8 0.7

0.9

1.3

1.1

1.7

1.3 1.3

1.5

0.9 1.1

0.6

0.5 0.6

0.3

0.3

0.8 0.7

0.0

0.5

1.0

1.5

2.0

2.5

3Q09 1Q10 3Q10 1Q11 3Q11

Sales (million tons)

MI ME

Volume sold

1.71.8

1.5

1.8

2.0

1.6

2.12.1

1.8

Lengthening debt and lower costs

46%

37%

27%

54%

63%

73%

0%

20%

40%

60%

80%

100%

3Q10 2Q11 3Q11

Debt profile

Short Term Long Term

44.33

57.84

47.72

0

15

30

45

60

75

3Q10 2Q11 3Q11

COGS (R$/ton)

MMX already acquired 99.1% of PortX´s total capital as of September 30th, 2011

Transaction Highlights

Sudeste Superport Acquisition

Cash R$ 238,785,704.42

MMXM3 33,304,665 shares

MMXM11 983,407,010 Royalties Securities

6

Sudeste SuperportEvolution of the civil construction work – Road&raillway access

Sudeste SuperportEvolution of the civil construction work – Bridge over Cação River

Sudeste SuperportEvolution of the civil construction work – Stockyard 6

Sudeste SuperportEvolution of the civil construction work – Car dumpers structure

Sudeste SuperportEvolution of the civil construction work – Stockyard 32

Sudeste SuperportEvolution of the civil construction work – Tunnel entrance

Sudeste SuperportEvolution of the civil construction work – Meeting of the two excavation fronts

Sudeste SuperportEvolution of the civil construction work – Tunnel exit and bridge

Sudeste SuperportEvolution of the civil construction work – Bridge and pier pilling

1,800

2,200

2,400

110

290

200

Original Geotechnical

requirements

Project

reassessment

50 Mtpy Preparation to

100 Mtpy phase

Total

Sudeste Superport CAPEX (R$ Million)

Car dumpersstructure + hill concretecontainment

Tunnel + raillway loop + land acquisition

Additionalservice scope+ equipmentimprovements

+ landacquisition

Sudeste Superport CAPEX (R$ Million)

17

86 40 63

286 649

1,276

2007 2008 2009 2010 2011 to 2013

Actual Forecast

Sudeste SuperportConstruction schedule

Preliminary License

Construction LIcense

Funding BNDES FINAME-PSI

ANTAQ License

Funding BNDES FINEM

Civil Construction:

Stockyard 06

Stockyard 32

Tunnel

Offshore

Road-rail access

Equipment sett up:

Car dumpers

Shiploader

Stacker reclaimer

Belt conveyor

1S09 2S09 1S10 2S10 1S11 2S11 1S12 2S12 1S13

19

Investor RelationsGuilherme Escalhão – CEO & IRO

Camila Anker– IR ManagerRafaela Gunzburger – Analyst

Beatriz Yoshinaga - AssistantTel. + 55 21 2555-6197/ 6338

ri@mmx.com.br