MMX Mineração e Metálicos S.A. reported consolidated earnings and operating results for the third quarter ended September 30, 2014. For the quarter, the company reported net revenues of BRL 83.6 million compared to net revenue of BRL 339.0 million for the same period a year ago. Adjusted LBITDA was BRL 142.2 million compared to BRL 69.8 million last year. Net loss was BRL 86.0 million compared to BRL 1,207.2 million last year. The results in the quarter were primarily a result of the asset impairment test carried out by the company in the second quarter of 2014, unfolding in a recognition of impairment of BRL 1,807,246. Net debt BRL 90.0 million compared to BRL 2,693.9 million last year. Gross operating revenue was BRL 86.864 million compared to BRL 351.276 million last year. Loss before tax was BRL 86.481 million compared to BRL 1,107.470 last year. LBITDA was BRL 72.789 million compared to BRL 983.280 last year. Net loss controlling shareholders was BRL 86.046 million compared to BRL 1,207.152 million last year.

For the quarter, the company reported impairment of assets of BRL 65.303 million.

For the quarter, the company reported production of 466 million tonne iron ore against 1,449 million tonne a year ago.