1.

Commodity     Iron Ore Concentrates

Country of Origin JSC ‘Mikhailovsky GOK’, Russia

Specification   1.1 Chemical Composition guaranteed

Fe           :  64.50% min.

1.2 Other metals as typical and indicative asf –

FeO        : 26.60% max.

Al2O3    : 0.10% max.

SiO2       : 9.00% max

S             : 0.008% max.

P             : 0.014% max.

Moisture : 10.0% max.

1.3 Physical properties as typical and indicative asf -

                 Size       + 0.056mm                     4.0%  max.

                            - 0.56mm  + 0.044mm           6.0% max.

                           0.044mm                      90.0% min.

2.

Commodity  Iron Ore Pellets

    Country of Origin OAO Karelsky Okatysh, Russia

Specification   1.1 Chemical Composition guaranteed

Fe           : 64.50% min.

1.2 Other metals as typical and indicative asf –

Al2O3    : 0.40% max.

SiO2       : 6.20% max

S             : 0.02% max.

P             : 0.03% max.

Moisture : 2.50% max.

1.3 Physical properties as typical and indicative asf -

                  Size       + 16mm                     10.0%  max.

                             - 16mm  + 5mm         85.0%  min.

                             - 5mm + 0mm            5.0% max.

                            Cold Compression strength     210kg/pellet min.

3.

- NAME OF COMMODITY : IRON ORE CONCENTRATES （精粉）
- NAME OF MINE : KGOK(JSC KOVDOR GOK, RUSSIA) （矿山）
- SPECIFICATIONS -
CHEMICAL COMPOSITION(ON DRY BASIS) ASF - （化学成份）
FE                   63.5% MIN.
SIO2               3.0% MAX.
AL2O3            3.5% MAX.
P                    0.09% MAX.
S                    0.38% MAX.
MOISTURE     4.5% MAX.

PHYSICAL(ON NATURAL BASIS) ASF -  （规格大小）
SIZE  + 0.071MM      45% MAX. including systematic inaccuracy +/-15% pro rata
        - 0.071MM      55% MIN.  including systematic inaccuracy +/-15% pro rata

For buyer's reference only - （下列成份仅供参考）
TIO2                   1.2% MAX.
CAO                   0.8% MAX.
MGO                  5.8% MAX.
NA2O3 + K2O      0.08% MAX.
(ABOVE ELEMENTS ARE NOT INDICATED IN THE CONTRACT)

4.

Commodity : Iron Pellets

Spec : According to TU14-00186938-003-95

1)Chemicals

Fe : 63.0% Min.

Al2O3 : 0.19% Max.

MgO : 0.27% Max.

Na2O: 0.05% Max.

K2O : 0.20% Max.

MnO : 0.07% Max.

TiO2 : 0.011% Max.

CaO : 1.65% Max.

SiO2 : 8.9% Max.

P & S : 0.1% Max.

Moisture : 2.0% Max.

2)Granullation

+20mm                        4.0% Max

-20mm ~ +16mm        16.4% Max.

-16mm ~ +8mm        75.1% Min.

-8mm                        4.5% Max.

Origin : Mikhailovskiy, Russia

1. Abrasion Resistance:     5.8%

2. Compression Strength:    220kg/Pellets min.

3. Impact Resistance:       93.2%