COAL

China

DESTINATION

At COB Eastern USA Time February 21, 2009

OFFER VALIDITY  

By SGS per account of Seller. Results at loading port to be binding for invoicing purposes.

SAMPLING QUALITY AND WEIGHT CERTIFICATION

Payment by irrevocable confirmed L/C payable at site against presentation of shipping documents

PAYMENT TERMS  

8,000 MT PWWD SHINC by means of vessel self-load

LOADING RATE 

NJG Comercializadora S.A.

SHIPPER 

Buenaventura, Colombia

LOADING PORT 

USD116.00 per metric ton FOB Port of Buenaventura, Colombia for deliveries during 1^st quarter 2010. Thereafter price subject to revision at the beginning of each quarter of 2010.

PRICE:

Mines located at Boyaca State, Colombia

ORIGIN 

>7     %     FSI

<0.98 %    Sulphur

<9.7   %    Ash
<8      %    Total moisture

<27    %    Volatiles

QUALITY

 Laycans to be mutually agreed by the Parties according to loading port regulations attached herewith

-30.000tm 10% MOLOO, deliveries at 45 day intervals commencing Feb 1-7 2010 and evenly spread thereafter throughout 2010.

DELIVERY :

-240,000 metric tons 10% MOLOO

QUANTITY

Coking coal

PRODUCT 

We are pleased to submit for your consideration our offer for the supply of Coking Coal sourced directly from Colombian Coal S.A