COAL

Product detail:

We, PT. BENDERAKU, on behalf of the Seller, with full legal and corporate responsibilities confirm that we are ready, willing and able to offer for sale the following commodity in accordance with the terms and conditions set out as follows :

COMMODITY       STEAM COAL in Bulk.

ORIGIN                South of Kalimantan, Indonesia

QUANTITY           100.000 MT per month.

PRICE                 USD 75/mt, FOB MV

LOADING PORT  Batulicin South Kalimantan

PAYMENT           Cash and Irrevocable Confirmed L/C At sight from   International             prime bank (preferable issuer HSBC)

Parameters Test       Guarantee         Rejection Level

 Total Moisture           (arb)   14%                   > 16 %

 Inherent Moisture      (adb)   8 %                    -

 Ash Content               (adb)   12%                 >  16 %

 Volatile Matter           (adb)   45 %                  -

 Fixed Carbon              (adb)   By different       -                 

Total Sulfur                  (adb)    1 % max           > 1.1 %

 Gross Calorific value    (adb)    6,300Kcal/kg      < 6,100 kcal/kg

 HGI                            (adb)     45                        -

Size  0 50mm <50 mm     Min 85%    Max 15%

 Price                              IDR 600.000 per MT FOBT Barge

Payment                         Cash

Independent Surveyor        PT. Geoservices             

 All on  ADB Basis Type A

A.    Total Moister            (ARB)             28        %  Rejection above 30

B.    Inherent Moister        (ADB)             13        %

C.    Ash content              (ADB)             10        %  Rejection above 9

D.    Volatile Matter           (ADB)           38-42     % Approx

E.     Fixed Carbon            By Difference 

F.     Calorific Value           (ADB)     5800-5600   Kcal/kg

G.    Total Sulphur             (ADB)           1            % Max

H.    Hard Grove Index        (ADB)          50          Approx

QUANTITY                    100.000 MT per month.

PRICE                          IDR.500.000 /mt, FOB Barge

Parameters Test        Guarantee          Rejection Level

 Total Moisture       (arb)   31 %                 > 38 %

 Inherent Moisture  (adb)   13 %                 -

 Ash Content           (adb)   10 %                >  14 %

Volatile Matter            (adb)   45 %                -

 Fixed Carbon             (adb)   By different      -

 Total Sulfur                (adb)    0. % max        > 1 %

Gross Calorific value  (adb)    5,500Kcal/kg           <  5,300 kcal/kg

 HGI                            (adb)     45 min              -

 COMPANY   : PT. BENDERAKU ( Mining and Trading )

ADDRESS    : Jl. Parakan Mas I No.12 INDONESIA

TELP            : 62 21 7054 8888

FAX              : 62 21 62203111