MMX Minas-Rio Receives the Final Construction License for Its Slurry Pipeline

RIO DE JANEIRO, BRAZIL (BOVESPA: MMXM3) (TSX: XMM), in compliance with article 157 of Law 6,404/76, and CVM Instruction 358/02, hereby makes the following public announcement:

The Federal Environmental Agency - IBAMA issued on June 2, 2008 the Construction License 515/2008 to MMX Minas-Rio Mineração S.A. ("MMX Minas-Rio"), a Company's subsidiary, complementary to the Construction License 492/2008 granted on March 7, 2008, authorizing the conclusion of the construction of the MMX Minas-Rio slurry pipeline ("Pipeline").

The Pipeline will have the capacity to transport 26.6 million tons of pellet feed per year and will cover a distance of 525km, crossing 32 municipalities. It will connect the MMX Minas-Rio mines, located in the state of Minas Gerais, to the Port Açu, a Port Terminal that is under construction by LLX Minas-Rio Logística Comercial Exportadora S.A. ("LLX Minas-Rio"), on the northeast of the State of Rio de Janeiro.

The Port Açu construction started in September 2007. The consortium ARG-CIVILPORT is developing the offshore structure to handle iron ore and other cargos such as steel products, coal, liquid bulks and containers. The operations start-up of the Port Açu is expected for 2010.

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