MMX Minas-Rio Celebrates Contract for Pipeline Construction

RIO DE JANEIRO, BRAZIL -- (MARKET WIRE) -- 04/17/08 -- MMX Mineracao e Metalicos S.A. (Bovespa: MMXM3) (TSX: XMM) ("MMX" or "Company") hereby announces that its subsidiary MMX Minas-Rio Mineracao S.A. ("MMX Minas-Rio") has contracted Construcoes e Comercio Camargo Correa S.A. to build the slurry pipeline, part of the Minas-Rio System.

The contract establishes the implementation of a duct system comprised of welded steel pipes along the 525 km extension of the slurry pipeline. The pipeline will leave the Conceicao do Mato Dentro municipality, located nearby MMX Minas-Rio's future iron ore concentration and beneficiation plant facilities, in Alvorada de Minas, Minas Gerais State, and reach Port Acu, in Sao Joao da Barra, Rio de Janeiro State, from where the production will be exported.

The contracted company has initiated the construction works this week, and the conclusion of the pipeline is scheduled for the first quarter of 2010.

Nelson Jose Guitti Guimaraes

Chief Financial and Investor Relations Officer

2008-04-17 18:23:59 0339255 MARKETWIRE