Anglo American and MMX Agree On Purchase of 49% Interest in MMX Minas-Rio.

RIO DE JANEIRO, Brazil -- MMX Mineracao e Metalicos S.A. ("MMX") (BOVESPA:MMXM3) and Centennial Asset Participacoes Minas-Rio S.A. ("Centenial Minas-Rio") (BOVESPA:CTMR3) are pleased to announce that, together with a wholly-owned subsidiary of Anglo American plc ("Anglo American"), have signed today a definitive share purchase contract, in light of the terms made public on the press releases issued on April 23, 2007 and on May 9, 2007 by MMX and Centennial Minas-Rio.

Under the definitive share purchase contract and following satisfaction of the closing conditions, Anglo American will acquire a 49% interest in MMX Minas-Rio integrated companies (MMX Minas-Rio Mineracao S.A. e LLX Minas-Rio Logistica S.A.) for an economic value and effective price of US$ 1.15 billion, which includes the acquisition of 100% of the shares of Centennial Minas-Rio.

Eike Batista, Chairman & CEO of MMX, said: "The partnership celebrated today is substantiated on mutual respect and trustworthiness and will enable the union of high quality teams and assets ensuring the achievement of the common goal of multiplying wealth. Anglo American's long standing experience in Brazil, led by Cynthia Carroll with her innovative attitude and long term vision, confirms the conviction of our choice.

The terms and conditions of the contract signed today have been unanimously approved by the independent members of MMX's Board of Directors.

For more information, please contact [e-mail] or [e-mail].

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

Marcelo Adler Cheniaux
Investor Relations Officer
Centennial Asset Participacoes Minas-Rio S.A.