MMX Minas-Rio is Awarded Environmental License for Its Pipeline

    RIO DE JANEIRO, BRAZIL, August 29 /CNW/ - MMX Mineracao e Metalicos S.A.
("MMX" or the "Corporation") (BOVESPA: MMXM3)(TSX: XMM)(Pink Sheets:   MMXMY),
pursuant to article 157 of Law 6.404/76 and CVM Instruction 358/02, hereby
makes the following public announcement:

    The Ibama - Instituto Brasileiro de Meio Ambiente e dos Recursos Naturais
Renovaveis (Federal Institute for the Environment and Renewable Resources or
the "Ibama") issued today to MMX Minas-Rio Mineracao S.A. ("MMX Minas-Rio"), a
subsidiary of the Corporation, the Preliminary Environmental License (Licenca
Previa) number 255/2007 for the construction of the MMX Minas-Rio System
slurry pipeline (the "MMX Minas-Rio Pipeline") that will connect the MMX
Minas-Rio mines, located at the State of Minas Gerais, to the Acu Port, a Port
Terminal which is being constructed by LLX Minas-Rio Logistica S.A., another
subsidiary of MMX, on the coast of the State of Rio de Janeiro. The MMX
Minas-Rio Pipeline will have the capacity to transport 26.6 million tons of
pellet feed per year and will cover a distance of 525km and 32 municipalities.

    The issuance of the preliminary environmental license represents the
approval of the environmental feasibility study of the MMX Minas-Rio Pipeline
by the competent Federal authority. The construction of the MMX Minas-Rio
Pipeline is now conditioned upon the granting of the appropriate construction
(installation) license, which is subject to the customary legal requirements.

    The Company owns 51% of the shares of capital stock of MMX Minas-Rio and
51% of LLX Minas-Rio, through LLX Logistica S.A.

    For additional information please contact

    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, 55 21
2555-5634 or Gina Pinto, 55 21 2555-5558

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