PETROMIN INTERNATIONAL INDUSTRIES INCORPORATED

Our company is based in Metro Manila, Philippines. By virtue of the mandate from the mining companies, we hereby state that we are ready, willing and able to sell nickel ore with the following specifications:

Commodity : LATERITE NICKEL ORE
Origin : Philippines, (Indonesia)
Quantity : Fifty Thousand (50,000) Metric Tons per Month (minimum)
Quality : Ni 1.75% to 1.85% minimum
H2O : 30% max
Fe2O3 : 25%approx.
SiO2 : 45.0 % max
S : 0.03 % max
P : 0.02 % max
Fe : 18% min
Co : 0.02% min
Moisture : 30 % max,
Size : 5mm ~ 500 mm
Contract Term : Spot/Test Buy + Twelve (12) Months
Payment : Sight LC Irrevocable, Transferable, Divisible, Revolving
Standby Letter of Credit + Telegraphic Transfer
Delivery : First Delivery within Forty Five (45) days after LC activation
After Contract and LC receipt
Loading Port : FOB Mother Vessel Port of Surigao
Packaging : Loose Bulk
Inspection : Quality, Quantity, Weight inspected by
Mutually Acceptable Surveyor