3Q12 RESULTS

Rio de Janeiro | November 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

2

3Q12 HIGHLIGHTS

1

MAIN FIGURES

3Q12 QxQ YxY

Production 2.2 million tons 7% 13%

Sales 1.9 million tons 12% -10%

Net Revenues R$ 245.4 million 21% -10%

Net Profit R$ -101.1 million -74% -59%

EBITDA R$ 44.0 million 216% -12%

3Q12 highlights and subsequent events

Completion of the merger of PortX into MMX;

Issuance of R$ 600 million in debentures by MMX Sudeste

Completion of the construction of Sudeste Superport’s offshore structure

Total sales of 1.9 million tons of iron ore, 12% more in comparison to 2Q12

New quarterly production record for the Sudeste System, totaling 1.7 million tons,

26% more in comparison to 2Q12

BNDES confirms eligibility of Serra Azul Unit’s expansion project for long-term

financing

4

IRON ORE - PRICE

62% Fe Spot China CFR

Average Price 9M11: US$ 176,6

Average Price 9M12: US$ 130,9

∆% 9M:

-26%

Source: Bloomberg

5

SALES VOLUME

1.1

1.7

1.3 1.31.5

1.1 1.1 1.11.3

0.6

0.3

0.3

0.80.7

0.8

0.30.6

0.6

1.8

2.1

1.6

2.1 2.1 1.9

1.4 1.7

1.9

0.0

0.5

1.0

1.5

2.0

2.5

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

Sales (million tons)

Domestic Export

6

FINANCIAL HIGHLIGHTS

273

204245

0

50

100

150

200

250

300

3Q11 2Q12 3Q12

Net Revenue (R$ million)

173

113

148

0

20

40

60

80

100

120

140

160

180

200

3Q11 2Q12 3Q12

Gross Profit (R$ million)

50

14

44

18.4%

6.8%

17.9%

0%

5%

10%

15%

20%

0

10

20

30

40

50

60

3Q11 2Q12 3Q12

EBITDA (R$ million)

EBITDA EBITDA Margin

7

CONSOLIDATED DEBT

27%33% 30%

73%67% 70%

0%

20%

40%

60%

80%

100%

3Q11 2Q12 3Q12

Debt profile

Short Term Long Term

8

553

1,873

2,336

3Q11 2Q12 3Q12

Net Debt (R$ Million)

PROJECTS

2

Construction Site and

Warehouse

Maintenance workshop

Beneficiation substation

Sump and Thickners

Administrative Buildings

Primary Crushing

Grind

Pile

Construction Site

Processing

Serra Azul Unit Expansion

Earthwork

10

Serra Azul Unit Expansion

Equipments

CITIC – Gyratory Crushers

FLSMITH – SAG Mill

11

Serra Azul Unit Expansion

Equipments

CITIC –Middle Shell Ball Mill

METSO – Top Right Shipping Vertical Mill

CITIC - Bottom Shell Ball Mill

METSO – Screw Fitting Vertical Mill

12

Sudeste Superport

Road&Railway Access

13

Rail Access to Itaguaí Port

Rail Access to MMX

Road Deviation

Cação River

MRS Line

Sudeste Superport

Stockyard Elevation 6 m

14

Navy

Mariquita’s Hill Tunnel

Stockyard 32

Stockyard 6

Road Access

Sudeste Superport

Stockyard Elevation 6 m

15

Stockyard 32

Stockyard 6

Road Access

Stacker Reclaimer Rolling Way

Car Dumpers

Stacker Reclaimer Infrastructure

Car Dumpers Control Room

16

Sudeste Superport

Car Dumpers

Car Dumpers

Control Room of Car Dumpers

Train Positioners

Sudeste Superport

Stockyard Elevation 32 m

17

Transfer House Concrete Base Electric Substation

Infrastructure

Tunnel Entrance

Sudeste Superport

Stockyard Elevation 32 m

18

Transfer House Concrete Base

Electric Substation Infrastructure

Tunnel Entrance

Sudeste Superport

Bridges and Platform

19

Electric Substation Building

Bridge 2 (270 m)

Bridge 1 (430 m)

Platform 2

Tunnel Exit

Sudeste Superport

Platform and

Substation Structure 20

Electric Substation Building

Platform 2

21

Superporto Sudeste

Estrutura Offshore

21

Bridge

270 m

Bridge

430 m

Pier

766 m

Sudeste Superport

Offshore Structure 21

22

Superporto Sudeste

Estrutura Offshore

22

Sudeste Superport

Structure of the Belt

Conveyor

Defense

Belt Conveyor Structure

23

Superporto Sudeste

Estrutura Offshore

23

Sudeste Superporto

Shiploader

Investor Relations Guilherme Escalhão – CEO and IRO

Adriana Marques– Manager Daniella Maia - Analyst

Tel. + 55 21 2163-6197/4366 ri@mmx.com.br