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Construction License Received by MMX Metalicosfor its Semi-finished Products Plant

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Jan 17 2007

MMX Mineracaoe Metalicos S.A. (Bovespa: MMXM3) ("MMX" or the "Company") informs to its shareholders and investors that MMX Metalicos Brasil Ltda. ("MMX Metalicos"), a subsidiary of MMX, was granted a Construction License from the Instituto do Meio Ambiente Pantanal - IMAP/MS (Pantanal Environmental Institute) in order to expand its Pig Iron Plant.

The Construction License authorizes MMX Metalicos to begin construction, in Corumba, of a Semi-finished Products Plant, comprising a sintering plant, steel mill and rolling mill, in accordance with the terms previously disclosed by the Company.

The Semi-finished Products Plant is an integral part of the MMX Corumba System, which encompasses an iron-ore mine, already operational, and a Pig Iron Plant, currently under construction.

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