January 03, 2008 17:06 ET

MMX Corumbá Initiates Commercial Operation of Its Second Blast Furnace

RIO DE JANEIRO, BRAZIL--(Marketwire - January 3, 2008) - MMX Mineração e Metálicos S.A. (BOVESPA: MMXM3) (TSX: XMM) ("MMX" or "Company"), further to the Material Fact Notice dated August 6, 2007, hereby announces that MMX Metálicos Corumbá Ltda. ("MMX Corumbá"), a 99.9% subsidiary of the Company, has received the Operating Permit no 476/2007, which authorizes MMX Corumbá to initiate the industrial operations of the second blast furnace of its Pig Iron Plant in Corumbá, Mato Grosso do Sul. The operating license was granted by the competent State Environmental Institute of Mato Grosso do Sul.

As a result, MMX Corumbá commenced today the commercial operation of its second blast furnace and should reach full pig-iron production capacity (400,000 tons per year in total) in the first quarter of 2008.

For additional information, please contact

Luiz Rodolfo Landim Machado
Executive President and Investor Relations Officer
MMX Mineração e Metálicos S.A.

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