FOR SALE:  Manganese ore from Chile

COMMODITY: MANGANESE ORE FINES

QUALITY: Mn 44%~48%, REJECTION BELOW 44%

ORIGIN: CHILE

QUANTITY: 36,000~60,000MT( +/- 5%)

DELIVERY SCHEDULE: 3,000~5,000( +/- 5%) MT (METRIC TON)/MONTH

TERM OF CONTRACT: 12-months, with Rollover and Extension

PRICE: IN US DOLLARS, $220/MT CNF

CNF ANY PORT IN CHINA

DELIVERY TERMS: CNF INCOTERMS

PACKAGING: 20 Dry Container ( Two(2)ton big bag ) or BULK

PERFORMANCE BOND: 1.5% OF CONTRACT VALUE

PAYMENT TERMS: RDLC: by irrevocable, transferable, divisible and

Revolving Documentary Letter of Credit, issued or

guaranteed by one of the top 25 world banks,

payable at sight, at the Sellers Bank, as per contract,

revolving in monthly shipment amounts