MMX Receives Indications of Interest for Equity Investment In LLX

    RIO DE JANEIRO, BRAZIL, June 27 /CNW/ - MMX Mineracao e Metalicos S.A.
(Bovespa: MMXM3) (TSX: XMM) ("MMX" or the "Company") has received indications
of interest from certain financial investors interested in purchasing a
minority stake in MMX's wholly-owned subsidiary LLX Logistica S.A. (which owns
a 70% interest in LLX Acu Operacoes Portuarias S.A. and will hold a 51%
interest in LLX Minas-Rio Logistica S.A. immediately after the closing of its
transaction with Anglo American, as disclosed in MMX's press releases dated
April 23 and May 14, 2007).

    The indications are preliminary and non-binding, and are subject to
satisfactory due diligence, tax, legal and other considerations, including
negotiation of transaction documents. The Company has not yet determined to
enter into a transaction with any of the investors on the basis of the
indications of interest, and such transaction would be subject to various

    The Company will keep the market and its shareholders informed as to any
new or further material developments regarding these indications of interest.

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

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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