MMX MINERAÇÃO

August | 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

57,42%

WISCO 10,5%

SK NETWORKS

8,8%

OTHERS 23,28%

Serra Azul

Bom Sucesso

SHAREHOLDING STRUCTURE

35%

Porto Sudeste do Brasil

65%

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Operating system: Serra Azul;

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

Corumbá System | MS*

Porto Sudeste | RJ

Sistema Sudeste

MMX INTRODUCTION

*MMX entered into agreements with Vetria Mineração for the lease of mining rights in Corumbá.

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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;

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

Main operations located in the traditional Serra Azul mining region, in Minas Gerais Iron Ore Quadrangle.

HIGHLIGHTS

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HIGHLIGHTS

2012 AUGUST 2014

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

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;

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;

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

MMX entered into agreements with Vetria Mineração for the lease of mining rights in Corumbá, which envisage the assumption of certain contracts

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FINANCIAL HIGHLIGHTS

237 181

110

0

100

200

300

1Q13 4Q13 1Q14

Net Revenue (R$ million)

140 96

31 0

50

100

150

1Q13 4Q13 1Q14

Gross Profit (R$ million)

-131 -501

-600-500-400-300-200-100

0

1Q13 4Q13 1Q14

Adjusted EBITDA (R$ million)

Adjusted EBITDA

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.

Integrated logistic:

Mine > Railway > Port as a

factor of Value Creation

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.

Project Status

Installation License issued in April, 2012;

Beginning of construction of Serra Azul Unit expansion (earth work completed in the beneficiation plant area);

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

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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

10

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

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9 Primary Crusher

10 Water Storage Tank

11 Construction Site and Warehouse

12 Water Storage Tank Inc.

9 10

11

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13 Main Access

14 Administrative Buildings

15 Maintenance Workshop

13 14

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PORTO SUDESTE DO BRASIL 2.2

Overview

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35% partnership with Trafigura and Mubadala, with significant operational track record and extensive financial capacity.

Long term contract with MMX Sudeste for port handling services of 7 Mtpy with an expandable option to increase to 13 Mtpy until 2015.

In case of Port expansion to up to 100 Mtpy, MMX’s shipping right can also be increased by 13% of extended Port capacity.

The whole internal trading of iron ore will be made through the Porto Sudeste.

MMX shall have an option to acquire an additional stake of up to 7.5% in PortCo, for a final stake of up to 42.5%.

PORTO SUDESTE

Porto Sudeste | Itaguaí (RJ)

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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