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chensihong@chensihong.org/
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Kindly find following the specifications of the iron ores I have available at the moment.

Please Note: CNF quote available only 7 days after signing contract

Re: Peru origin - US$44/mt FOB Peru Port
Commodity: Iron Ore Fines Fe 64.5%

Origin: Peru

Chemical Specification (Dry basis ):

Fe : 64.5 % rejection <63% Fe

SiO2 : 3 ?nbsp;5 % Max

Al2O3 : 3.5% Max

Phosphorus : 0.05% Max

Sulphur : 0.05% Max

Moisture : 8.0% @ 105 deg C Max

Physical Sizes : 0 to 10 MM

Above 10 MM 5% Max

Below 10 MM 95% Min

Loading Port: Callao, Peru

The monthly delivery shall be 65,000 dry metric tons per month for the first year. Thereafter, deliveries shall be pursuant to the following schedule:

a. Year 2 ?One Hundred Thousand (100,000) dry metric tons per month for 12 months for a yearly amount of One Million Two Hundred Thousand (1,200,000) dry metric tons per year +/-5%.

b. Year 3- One Hundred Twenty Thousand (120,000) dry metric tons per month for 12 months for a yearly amount of One Million Four Hundred Forty Thousand (1,440,000) dry metric tons per year +/- 5%.

c. Year 4- One Hundred Twenty Thousand (150,000) dry metric tons per month for 12 months for a yearly amount of One Million Four Hundred Forty Thousand (1,440,000) dry metric tons per year +/- 5%.

d. Year 5- One Hundred Fifty Thousand (300,000) dry metric tons per month for 12 months for a yearly amount of One Million Eight Hundred Thousand (1,800,000) dry metric tons per year +/- 5%

Re: Brazil origin - US@45.50/metric ton FOP Brazil Port

Fe 65. 00% Rejection below: 64.50%

Al2O3 3. 50% max Rejection Over 3.50%

SiO2 3. 00% max

SULPHUR 0. 03% max

PHOSPHORUS 0. 06% max

Mn 0. 10% max

PHYSICAL CHARACTERISTICS:

+ 10MM 5% Max

? 10MM 95% Min

- 0.15MM 10% Max

MOISTURE 8.00% AT 105 DEGREES CENTIGRADE

I hope you will find both offers satisfactory.

Please send me your LOI and BCL to move forward.