Mmx Mineracao E Metalicos SA reports earnings results for the fourth quarter and full year 2009. In fourth quarter, the company reduced its loss to BRL 65.2 million from BRL 507 million year-on-year. In the final quarter of 2009, net operating revenues declined 21% to BRL 128 million compared to the same period in 2008. In fourth quarter, EBITDA was negative BRL 70.4 million, compared to negative BRL 13.7 million year-on-year. The company made a net loss of BRL 214 million (USD 121 million) last year versus a BRL 848 million loss in 2008. The annual results were significantly impacted by the market environment. Net operating revenues fell 45% to BRL 362 million in the full year. EBITDA was negative BRL 464 million in 2009 versus negative BRL 31.2 million, mainly due to the stoppage of mining and steelmaking operations at MMX's Corumb system at the beginning of the year.

Mmx Mineracao E Metalicos SA is planning to invest BRL 200 million (USD 113 million) in 2010. The funds will be directed to improvements in MMX's operations, logistics and product quality, in addition to geologic research and engineering.

Mmx Mineracao E Metalicos SA, Special/Extraordinary Shareholders Meeting, Mar 17, 2010, at 17:00 GMT Time. Location: Praia do Flamengo, No. 66, 10th floor, Flamengo, Rio de Janeiro, Rio de Janeiro, Brazil. Agenda: To elect two new members of the company's Board of Directors, in substitution of Mr. Michael Stephen Vitton and Mr. Joaquim Martino Ferreira, in accordance with Article 9, Paragraph 3, of the company's By-Laws.