2009-05-16 03:11:03 -

RIO DE JANEIRO, BRAZIL -- (Marketwire) -- 05/15/09 -- MMX Mineração e Metálicos S.A.
(BOVESPA: MMXM3) announces its 1Q09 Results. To access the complete Earnings Release, please click below.



1Q09 Highlights


-- Notice of Issuance of debentures to be underwritten by the Controlling shareholder and related parties by the Controlling shareholder in the amount of US$ 200 million, according to the Public Announcement published on March 30, 2009, which will be underwritten according to the cash requirements of the Company during a six-month period. However, this operation does not impact the cash position determined for 1Q09. R$ 80 million have been already subscribed up to now, which will impact positively the cash position for the second quarter of 2009.



-- MMX opted to unwind proactively its positions of NDF ("Non Deliverable Forward") in order to establish its potential losses. During 1Q09 a hedge adjustment was paid off, amounting to R$ 40.2 million and the remaining balance in April, May, July and August of 2009 was partially unwinded. The provision with possible loss booked in the amount of R$ 425.2 million in December 31, 2008 to the current amount of R$ 343.8 million in March 31, 2009, which had a positive impact of R$ 41.2 million over 1Q09 Financial Expense.



mmx.infoinvest.com.br/enu/1490/EarningsRelease1T09_INGLES_15.05. .. :


The Executive Officers of MMX, invite its shareholders and the market in general to a conference call to be held on Monday, May, 18th, at 11:00 am (NY time) to discuss the 1Q09 Results.



The conference call will be held in Portuguese with simultaneous translation into English.

Audio Conference

Date: May 18th, 2009 (Monday)
Time: 11:00 a.m. (NY time) 12:00 p.m. (Brasilia time)
Telephone USA:  1-888-700-0802
Telephone Brazil:  (+55)11-4688-6301
Telephone Other Countries: 1-786-924-6977
Access Code: MMX

Please dial-in 15 minutes prior to the start of the call.

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MMX Mineração e Metálicos S.A.

Chequer Hanna Bou-Habib
Investor Relations Officer

Investor Relations
Priscylla Setimi
IR Analyst
Tel.: (55 21) 2555-5558
ri@mmx.com.br :