Anglo American and MMX Conclude Acquisition of Participation in Minas-Rio Companies.

RIO DE JANEIRO, Brazil -- MMX Mineracao e Metalicos S.A. ("MMX") (BOVESPA: MMXM3), pursuant to Article 157 of Law #6,404/76 and CVM Instruction 358/02, hereby makes the following public announcement:

Centennial Asset Mining Fund LLC ("Centennial Asset"), owner of substantially all of the shares of Centennial Asset Participacoes Minas-Rio S.A. ("Centennial Minas-Rio"), on Friday, July 13, 2007, effected the sale of 100% of the shares owned by it in Centennial Minas-Rio by means of an auction on the Bovespa - Sao Paulo Stock Exchange (the "Exchange Transaction"), for a total price of R$1,317,336,806, equivalent to US$704,081,671. The auctioned shares were purchased by Anglo American Participacoes em Mineracao Ltda. ("Anglo American"), a wholly-owned subsidiary of Anglo American plc.

Upon settlement of the Exchange Transaction, which should occur on Wednesday, July 18, 2007, in accordance with the Bovespa rules, Anglo American will subscribe for new shares of MMX Minas-Rio Mineracao S.A. ("MMX Minas-Rio") and LLX Minas-Rio Logistica S.A. ("LLX Minas-Rio"), with a capital contribution of US$874,349,788, which will increase its ownership interest in MMX Minas-Rio and LLX Minas-Rio (the "Minas-Rio Companies") to 49%. Also upon settlement of the transaction, MMX and its subsidiaries will enter into a shareholders' agreement with Anglo American and Centennial Minas-Rio, in its capacity as a wholly-owned subsidiary of Anglo American plc, with respect to the corporate governance of the Minas-Rio Companies. Upon closing, the parties will also enter into other ancillary agreements that will include a technical services agreement with an affiliate of Anglo American, whereupon the Minas-Rio Companies will have access to Anglo American's global technical and mining intelligence, and a corporate services agreement with MMX, for the provision of special, general and administrative services.

Also in the context of this transaction, MMX, its wholly-owned subsidiary LLX Logistica S.A. and Anglo American agreed to restructure the reorganization of the Minas-Rio Companies. Hereafter MMX Minas-Rio will be responsible for building and operating both the iron ore mines at Minas Gerais and the MMX Minas-Rio System slurry pipeline, and LLX Minas-Rio will be responsible for building and operating the Port of Acu, exclusively for handling and servicing iron ore products.

Also in accordance with the documents that will be executed on closing, the parties have agreed that LLX Acu Operacoes Portuarias S.A. ("LLX Acu"), a subsidiary of LLX Logistica S.A. ("LLX"), will have access to the Port of Acu and its infrastructure to build and operate its third-party logistics and port handling business, by paying a per-vessel/per-ton fee to LLX Minas-Rio. LLX Acu will have the right to expand the Port of Acu, as will be agreed from time to time with LLX Minas-Rio, and will have the right to carry out its port operations at the Port of Acu, while the shipment of iron ore from the Port of Acu will enjoy first priority rights.

MMX's Chairman & CEO, Eike F. Batista, commented that "the consummation of the transaction with Anglo American will mark the beginning of a very promising joint venture. We hope and intend to grow the MMX Minas-Rio System to its fullest capacity, by leveraging its geological and geographical aptitudes. MMX and Anglo American together will provide the perfect platform for growth in the region. Also, the closing of this transaction will forge the path for the development of LLX's independent business."

For additional information please contact [e-mail].

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