MMX Clarifies Press Statement Released Today



    RIO DE JANEIRO, BRAZIL, November 22 /CNW/ - MMX Mineracao e Metalicos
S.A. (BOVESPA: MMXM3) (TSX: XMM) (Pink Sheets:   MMXMY) ("MMX") in response to
today's press statements, clarifies that it's core business is focused on
mining, metallics, and in providing logistics services through its subsidiary
LLX Logistica S.A. and, therefore, will not participate in the 9th Auction
Round of the National Petroleum Agency (ANP - Agencia Nacional de Petroleo).
OGX Petroleo e Gas Participacoes S.A. ("OGX") is a separate entity within EBX
holdings, and although also controlled by Eike Batista, has its own
independent business focus on oil and gas exploration and production. It
follows that OGX by itself or via subsidiaries plans to participate in the 9th
Auction Round of the National Petroleum Agency. MMX does not hold any share in
OGX Petroleo e Gas Participacoes S.A.

    
                              Luiz Rodolfo Landim Machado
                  Executive President and Investor Relations Officer
                            MMX Mineracao e Metalicos S.A.
    




For further information:

For further information: MMX - Investor Relations Elizabeth Cruz / Gina
Pinto Tel. 55 21 2555-5634 / 2555-5558 ri@mmx.com.br www.mmx.com.br/ri

Organization Profile

MMX MINERACAO E METALICOS S.A.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890