RIO DE JANEIRO, BRAZIL, June 27 /CNW/ - MMX Mineracao e Metalicos S.A. (Bovespa: MMXM3) (TSX: XMM) ("MMX" or the "Company") has received indications of interest from certain financial investors interested in purchasing a minority stake in MMX's wholly-owned subsidiary LLX Logistica S.A. (which owns a 70% interest in LLX Acu Operacoes Portuarias S.A. and will hold a 51% interest in LLX Minas-Rio Logistica S.A. immediately after the closing of its transaction with Anglo American, as disclosed in MMX's press releases dated April 23 and May 14, 2007).
The indications are preliminary and non-binding, and are subject to satisfactory due diligence, tax, legal and other considerations, including negotiation of transaction documents. The Company has not yet determined to enter into a transaction with any of the investors on the basis of the indications of interest, and such transaction would be subject to various conditions.
The Company will keep the market and its shareholders informed as to any new or further material developments regarding these indications of interest.
Luiz Rodolfo Landim Machado
Executive President and Investor Relations Officer
MMX Mineracao e Metalicos S.A.