Detailed Product Description

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1. PRODUCT SPECIFICATION
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NAME: LUMPY COPPER ORES
ORIGIN: WEST SUMATRA, INDONESIA
COPPER CONTENT: TYPICALLY BELOW 14%
GUARANTEED COPPER CONTENT: 10% AND ABOVE
MIXTURE OF SULPHIDE AND OXIDE ORES
MAJORITY OXIDE ORES
SIZE 0-90MM: 90%
SIZE ABOVE 90MM: 10%
SIZE 30MM: SIEVE USED TO SEPARATE ORES HAVING A SIZE BELOW 30MM
SIZE BELOW 10MM IS POSSIBLE, BUT THIS WILL REQUIRE ADDITIONAL WORKS SUCH AS CRUSHING AND SEPARATION WORKS.
PACKING: PACKED IN 50-KG BAGS
SHIPPING: BAGS STORED INTO 20-FOOT CONTAINERS
EXPORT PORT: TELUK BAYUR PORT, PADANG, WEST SUMATRA

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2. PRICE INDICATION (JULY 2009)
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PRICE OF ORES CLEARED FOR EXPORT
FOB MOTHER VESSEL, TELUK BAYUR PORT: USD340.00 PER METRIC TON

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3. METHOD OF PRICE CALCULATION
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VALUE OF COPPER ORE = LME COPPER PRICE X 40% X 10% ORE CONTENT

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4. FOB PRICE
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FOB PRICE COMPRISES OF:

A. VALUE OF COPPER ORE
B. MINING AND TRANSPORTATION COST
C. PRODUCT SURVEY COST
D. PACKING, LOADING AND PORT CHARGES
E. SHIPPING DOCUMENTATION CHARGES
F. VALUE ADDED TAX
G. EXPORT TAX AND CUSTOM DUTIES

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5. PRODUCTION RATE
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100-500 METRIC TONS PER MONTH X 12 MONTHS
1000-5000 METRIC TONS PER MONTH X 12 MONTHS