MMX Receives Offers for Stand-by Credit Facility and Cancels Public Offering

    RIO DE JANEIRO, BRAZIL, September 18 /CNW/ - MMX Mineracao e Metalicos
S.A. ("MMX" or "Company") (BOVESPA:MMXM3) (TSX:XMM) (Pink Sheets:  MMXMY),
pursuant to Article 157 of Law 6404/76 and CVM Instruction 358/02, hereby
makes the following public announcement:

    MMX has received two competing offers from financial institutions for a
US$400million stand-by credit facility (the "Facility"). The proceeds of the
Facility may be drawn and used by MMX to fund acquisitions.

    As a result, MMX has decided to cancel the primary public offering filed
with the CVM - the Brazilian Securities and Exchange Commission on September
5, 2007.

                      Rio de Janeiro, September 17, 2007
                         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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