Our Iron Ore Specifications Standard International:

Iron Ore to be supplied under the present contract shall conform to the specifications and standards specifically set out below:

Chemical Composition (on dry basis, percentage by weight)

Guaranteed

Fe 64.50% basis, 63.5% below rejection

SiO2: 1.90% Max

TiO2: 0.0022% Max

Al2O3: 0.06% Max

MnO: 0.011% Max

MgO: 0.365% Max

Na2O: 0.025% Max

K2O: 0.01% Max

P2O5: 0.04% Max

P: 0.0011% Max

S; 0.001% Max

CaO: 0.0850% Max

Moisture Content (Free moisture loss at 105 degrees centigrade): Guaranteed 8.00% Max)

Physical size max. 10 mm.

Physical Specification (Natural Basis): LUMP Nominal 50 mm – 90% min. as a load basis set by seller

Physical Specification (Natural Basis): FINES – Buyer sets the size, normally either 10mm or less or 3 mm or less.

Guaranteed Below 3.0 mm – 1 mm 80% min as a load basis set by seller

Price is CIF Platts minus 5% for the Fe62% or 12 month fixed price base on current platts minus 5% at the time of signing the Final Contract