Sojitz Corporation Increases Contracted Volume from MMX

    RIO DE JANEIRO, BRAZIL, August 22 /CNW/ - MMX Mineracao e Metalicos S.A.
(BOVESPA:MMXM3)(TSX:XMM)(Pink Sheets:  MMXMY)("MMX" or "Company") hereby
announces, further to the public announcement made on July 30, 2007, that
Sojitz Corporation ("Sojitz"), a Japanese trading company with worldwide
presence, has entered into a new long-term supply agreement with MMX Minas-Rio
Mineracao S.A. for the purchase of an additional volume of 1 million tons of
pellet feed per year on a dry basis.

    With this additional volume, Sojitz has increased its offtake of pellet
feed purchased from the MMX Minas-Rio System to 12 million tons of pellet feed
per year, on a dry basis, which is equivalent to 13.2 million tons on a wet

    As a result, MMX Minas-Rio Mineracao S.A. has built up a total contracted
volume of 21.5 million tons of pellet feed (wet basis) per annum, an amount in
excess of the MMX Minas-Rio lenders' requirements of long-term contracts.

    Rio de Janeiro, August 22, 2007.

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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