MMX Clarifies Press Statements Released Today

    RIO DE JANEIRO, BRAZIL, November 29 /CNW/ - MMX Mineracao e Metalicos
clarifies, in view of the information that has been circulating in the media
and financial newswires, that the Company (i) does not have any interest in
the capital stock of MPX Energia S.A. ("MPX"), which belongs to MMX's
controlling shareholder, Mr. Eike Batista, (ii) did not commit nor has
expressed interest in acquiring securities offered by MPX, (iii) is not
carrying out any public offering of shares and (iv) does not intend to invest
in power generation activities.

    MPX is an EBX's Group company, controlled by Mr. Eike Batista, dedicated
to electric power generation and its activities do not relate, in any aspect,
to MMX's businesses.

    MMX Mineracao e Metalicos S.A.

    Luiz Rodolfo Landim Machado

    Executive President and Investor Relations Officer

For further information:

For further information: MMX Mineracao e Metalicos S.A. Investor
Relations: Elizabeth Cruz, 55 21 2555-5634 or Gina Pinto, 55 21 2555-5558

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