Dear Sir

Subject: Iron Ore fine 64.5%

We have the possibility to supply the above product as following:

150.000mt x 12 x 24 x36month

300.000mt x 12 x24 x 36month

450.000mt x12 x24 x36/month

CONTRACT

BULK

Origin: MEXICO

We have connection for 15 miners.

Payment: IRREVOCABLE, TRANSFERABLE, CONFIRMED LETTER OF CREDIY THROUGH CHINA AGRICULTUR BANK.

PAYMENT; AT SIGHT AGAINST B/L, SGS, EXPORT LICENSE.

PRICE; $121/MT CIF CHINA BULK PORT

We can allowed buyer self SGS inspection at the port of loading AFTER PAYMENT INSTRUMENT ARE IN PLACE.

PB; 2%.

For FCO we need an LOI.

Thank you

HKDS