Manganese Ore

Commodity: Manganese Ore Quantity:600,000MT/year (300,000MT Lump Ore + 300,000MT Sinter Feed Ore) Delivery:12 X 50,000MT (25,000MT Lump Ore + 25,000MT Sinter Feed Ore) First shipment: No later than 3/31/2006 Variations per shipment: +/- 10% per shipment Destination port: The above mentioned tonnages shall be discharged at main ports to be nominated by the BUYER, no later than 30 (thirty) days before shipments. Price FOB: US$ 2.50/dmtu for Lump ore and US$ 2.38/dmtu for Sinter Feed ore (dmtu=dry metallic unit) Specification: 1. Lump Ore 1.1 Size: From 6.35 mm to 76.2 mm (20.0% max < 6.35 mm and 5.0% max > 76.2 mm) 1.2 Chemical composition (Lump) Item Expected (%) Guaranteed (%) Mn 45.8 44.0 min Fe 3.2 4.0 max Al203 7.6 8.5 max SiO2 4.7 5.5 max P 0.05 0.08 max S 0.005 0.009 max BaO 2.0 3.0 max Moisture 10.0 2. Sinter-Feed 2.1 Size: From 200 mesh to 6.35mm (15.0% max < 200 mesh and 10.0% max > 6.35mm) 2.2 Chemical composition (Sinter Feed) Item Expected (%) Guaranteed (%) Mn 45.3 43.0 min Fe 3.3 4.0 max Al203 7.4 8.5 max SiO2 4.6 5.5 max P 0.05 0.08 max S 0.005 0.009 max BaO 2.6 3.2 max Moisture 12.0