LLX Announces Firm Commitment Agreement With Bradesco

    RIO DE JANEIRO, BRAZIL, November 6 /CNW/ - MMX Mineracao e Metalicos S.A.
("MMX" or the "Company") (Bovespa:MMXM3) (TSX:XMM) (Pink Sheets:  MMXMY),
pursuant to article 157 of Law 6.404/76 and CVM Instruction 358/02, hereby
informs that on November 5, 2007, its subsidiary LLX Logistica S.A. ("LLX")
entered into a financing agreement with Banco Bradesco S.A. ("Bradesco")
contemplating a firm commitment in the amount of US$750 million ("Engagement

    The financing agreement encompasses (i) a short term bridge loan in the
amount of US$300 million and (ii) long-term finance credit lines amounting up
to US$750 million which are expected to be originated mostly from the
onlending of funds from Brazil's National Development Bank ("BNDES"), with an
estimated term of up to 13 (thirteen) years (in the aggregate the

    Pursuant to the Engagement Letter, Bradesco further agreed to undertake
best efforts to syndicate approximately an additional US$1.1 billion for LLX.

    All the terms and conditions related to the long-term financing will be
subject to BNDES's previous analysis, and the conclusion of the transaction is
subject to the detailed conditions of the Engagement Letter, and to usual
market conditions for transactions of this nature. The funds from the
Financing will be used to finance the development of the port logistics
projects that are currently being conducted by LLX.

    The long-term finance credit lines are structured as project finance,
with corporate guarantees limited to the pre-completion phase of the projects
that are being conducted by LLX's subsidiaries. MMX will not provide guarantee
for the Financing.

    On October 17, 2007, LLX filed a request for an initial public primary
offering of common shares with the Comissao de Valores Mobiliarios ("CVM" -
Brazilian Securities and Exchange Commission), pursuant to which LLX's shares
would be traded on the Novo Mercado segment of the Sao Paulo Stock Exchange -
Bovespa, as disclosed in a material fact notice of that date.

    Additional information may be obtained through the e-mail ri@mmx.com.br.

    Rio de Janeiro, November 6, 2007


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

For further information:

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

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