PRICE LIST COAL PER NOVEMBER 2010

MITRA BORNEO

Origin Coal Kalimantan Indonesia

Specifications Basis Result Unit
Total Moisture ARB 12 - 18 %
Inherent Moisture ADB 8 - 14 %
Ash Content ADB 4 - 10 %
Volatile Matter ADB 39 45 %
Fixed Carbon ADB 43 - 47 %
Total Sulfur ADB >1 %
Gross Chalorific Value ADB 6300 - 6100 Kcal/Kg
Net Chalorific Value ARB 5500 - 5300 Kcal/Kg
Hardgrove Grindability Index 43 - 50 Index
Ash Temperatue Fluitule C 1250 - 1550
FOB Barge 50%:40%:10% ( Max Qty Order 100.000 MT x 1 Year ) Price 595.000/MT Rupiahs
FOB MV Cash 50%:40%:10% ( Max Qty Order 100.000 MT x 1 Year ) Price 71/MT $
FOB Barge ( Max Qty Order 100.000 MT x 1 Year ) Price 77/MT $

Specifications Basis Result Unit
Total Moisture ARB 21 - 28 %
Inherent Moisture ADB 10 - 17 %
Ash Content ADB 4 - 10 %
Volatile Matter ADB 38 - 45 %
Fixed Carbon ADB 40 - 45 %
Total Sulfur ADB <1 %
Gross Chalorific Value ADB 5800 - 5500 Kcal/Kg
Net Chalorific Value ARB 5000 - 4700 Kcal/Kg
Hardgrove Grindability Index 43 - 50 Index
Ash Temperatue Fluitule C 1250 - 1550
FOB Barge 50%:40%:10% ( Max Qty Order 150.000 MT x 1 Year ) Price 485.000/MT Rupiahs
FOB MV Cash 50%:40%:10% ( Max Qty Order 150.000 MT x 1 Year ) Price 63/MT $
FOB Barge ( Max Qty Order 150.000 MT x 1 Year ) Price 67/MT $

Specifications Basis Result Unit
Total Moisture ARB 30 - 36 %
Inherent Moisture ADB 12 - 16 %
Ash Content ADB 4 - 8 %
Volatile Matter ADB 40 - 45 %
Fixed Carbon ADB 37 - 47 %
Total Sulfur ADB <1 %
Gross Chalorific Value ADB 5500 - 5300 Kcal/Kg
Net Chalorific Value ARB 4800 - 4500 Kcal/Kg
Hardgrove Grindability Index 42 - 50 Index
Ash Temperatue Fluitule C 1250 - 1550
FOB Barge 50%:40%:10% ( Max Qty Order 200.000 MT x 1 Year ) Price 385.000/MT Rupiahs
FOB MV Cash 50%:40%:10% ( Max Qty Order 200.000 MT x 1 Year ) Price 53/MT $
FOB Barge ( Max Qty Order 200.000 MT x 1 Year ) Price 57/MT $

Size 0 – 50 mm 90 %
Loading Port 1 in Muara Jawa – Muara Berau East Kalimantan Indonesia
No Receipted CIF – CNF - CFR
 

No. 123-4567/IO.MO.NO-SCO/MB/XI-XII/2010
Dear Director Buyers
Attn Mr/Mrs
Hereby we offer you our Iron Ore, Nickel Ore and Manganese Ore that has been according to international standar in Indonesia with tems and specification follows :

B. Commodity : Iron Ore
- Moisture Content ( Oven Drying 1050 to Constant Weight ) 5,89%
1. Total Fe 62,22%-67,02%
2. SiO2 1,36%-5,82%
3. Al2O3 0,06-2,06
4. TiO2 0,02%-0,51%
5. Phosporous (P) 0,02%-0,12%
6. Sulfur (S) 0,02%-0,56%
7. Size 0 – 50 mm 85%
8. Qty 30.000MT-60.000MT/Month x 12 Months
we just to receipted payment terms following :
1. FOB Barge 50:40:10
- 61%-60% Price $ 63
- 63%-61% Price $ 68
- 64%-62% Price $ 72
- 65%-63% Price $ 77
2. FOB MV Cash 50:40:10
- 61%-60% Price $ 74
- 63%-61% Price $ 76
- 64%-62% Price $ 81
- 65%-63% Price $ 88

B. Commodity : Nickel Ore
1. Surveyor : Sucofindo, Geoservice
2. Specifivation Analysis : Ni 1,8%-2%
3. Anchorage Point : Indonesia
a. Silicon Dioxide 12,47%
b. Calcium Oxide 0,04%
c. Ni 1,8%-2,15%
d. Iron 12,47%
e. Cobalt 0,06%
f. Iron Troxide 12,39%
g. Magnesium Oxide 4,04
Capacity : 40.000 –8 0.000 Metric per Month
Nickel Mining from : Sulawesi
Loading Schedule : Barge 21 day after First Cash Payment 50%
Loading Schedule : Vessel 45 day after LC Confirm Bank to Seller ( LC ON )
Price FOB Vessel : US$ 37/MT,- ( Cash Payment 50%:40%:10%, First Payment 50% After Sign Contract )
Price FOB Vessel : US$ 45/MT,MV
Payment : Full SKBDN from Any Bank in Indonesia or Cash MV Payment 5-4-1
Full Irrevocable Letter Of Credit 100% at Sight, Transferable from Prime Bank
Quantity : 40.000 MT – 80.000 MT / Shipment

C. Commodity : Manganese Ore
1. Surveyor : Sucofindo, CCIC, Zhongye Minerals Resources
2. Specifivation Analysis : Mn 40% up to 45 %
3. Anchorage Point : Indonesia
SiO2 1.5%-5.14%
AI2O3 1.93%-2.75%
P 0.044%-0,065%
S 0.041%-0.16%
Mn 40,50%-47,41%
TFe 0.91%-10,07%
Tio2 0.1%-0.3%
Moisture 0,79%-2,17%

Capacity : 2500 – 5.000 Metric per Month
Coal Mining from : Kalimantan, Sulawesi, NTB and NTT
Loading Schedule : Barge 21 day after First Cash Payment 50%
Price FOB MV : US$ 275 - 385/MT,MV by Cash
Payment : Cash Payment 50%:40%:10%, First Payment 50% After Sign Contract
Quantity : 5.000 MT – 10.000 MT / Shipment
Please send us the letter of interest and draft contract for this transaction and all relevant documents as soon as possible, your immediate attention and confirm your readiness is appreciated.

Truly Yours
MITRA BORNEO


LUKMAN
Chairman