thermal coal

John

Regards

loose bulk

hardgrove index                                       50 average

Gross calorific value      ADB                   6300kcal/kg                   under 6100kcal/kg

Fixed carbon                ADB                   by difference           

Total sulphur                ADB                   0.8%                                         >1%

VM                             ADB                   37% max                                   >40%

ash content                 ADB                  10%  max                                   >10%

Inherent moisture         ADB                 13%  max                                    >15%

Total moisture             ARB                 22%  max                                    > 24%

SPECS                                           Guarantee                          Rejection level

price FOB $67USD at Indo port for ships taking 30,000m/t loads

Indo thermal coal first shipment 90,000m/t per month can do 5 year deal with 5 year option