JULY 2012

JULY 2012

1.)  CHROME CONCENTRATE ORE
      Quantity Available : 40 000 metric Ton
      Quality : 42% >

2.)  CHROME LUMPY ORE
      Quantity Available : 25 000 metric Ton
      Quality : 42% >

3.)  CHROME "CHARGE" FERRO
      Quantity Available : 5 000 metric Ton
      Quality : 50% <

Commodities 04 JUNE 2012

REF. NUMBER	DESCRIPTION OF PRODUCT		QUANTITIES AVAILABLE	PRICE PER M/T	PAYMENT TERMS
ENS12380	A GRADE STEAM COAL		600 000.00	USD 97.00	MT 720
	Place: Origin: Terms: Lay can Date:	Richards Bay Coal Terminal South Africa Free-on-Board 06 June 2012
ENS12381	A GRADE STEAM COAL		500 000.00	USD 97.00	MT 720
	Place: Origin: Terms: Lay can Date:	Richards Bay Coal Terminal South Africa Free-on-Board 10 June 2012
ENS12382	A GRADE STEAM COAL		150 000.00	USD 96.00	MT 760
	Place: Origin: Terms: Lay can Date:	Richards Bay Coal Terminal South Africa Free-on-Board 11 June 2012
ENS12383	C GRADE (23 CV) COAL		200 000.00	USD 72.00	MT 760
	Place: Origin: Terms: Lay can Date:	Richards Bay Coal Terminal South Africa Free-on-Board 06 June 2012
ENS12384	C GRADE (21 CV) COAL		150 000.00	USD 70.00	MT 760
	Place: Origin: Terms: Lay can Date:	Richards Bay Coal Terminal South Africa Free-on-Board 06 June 2012
ENS12385	CHROME CONC. ORE (42%)		30 000.00	USD 190.00	MT 760
	Place: Origin: Terms: Lay can Date:	Durban, KZN South Africa Free-on-Board 06 June 2012
ENS12386	CHROME LUMPY ORE (42%)		65 000.00	USD 190.00	MT 760
	Place: Origin: Terms: Lay can Date:	Durban, KZN South Africa Free-on-Board 06 June 2012

Several recent ventures and agreements between China and Africa-based resource companies have positioned the continent as a key destination for meeting China’s resource acquisitiveness, market research firm Frontier Advisory research and strategy head Hannah Edinger has asserted.

She told the yearly Coaltrans Southern Africa conference, earlier this month, that China’s global resource appetite had driven its interest in Africa’s extractive industries, including oil, gold, platinum, copper, nickel and manganese.

In the second half of last year, two key deals in Africa totalling $1.74-billion were concluded with Chinese stakeholders, with a further five major deals – all in the extractive industry and worth a total of $2.86-billion – publicly announced or pending during the same period.

“China’s focus in Africa is centred on overcoming the supply-side constraints in resource extraction, and [the country] uses infrastructure devel- opment to eliminate this supply- side risk.”

This infrastructure gap is perceived by China as a commercial opportunity for its banking institutions and construction companies in the face of increasing domestic competition, as well as presenting an increased level of attractiveness for African infra- structure packages owing to resource offtake possibilities.

The bulk of Chinese foreign direct investment into the continent is injected into the mining and minerals sector, with 79% of African imports to China in 2010 comprising mineral products, with coal leading this export trend.

Although China boasts 19% of the known global coal reserves, these 170-billion tons face the critical obstacle of transportation bottlenecks on the mainland, with transport infrastructure efficiencies lagging behind production.

“The growth of coal consumption in eastern and southern China is occurring faster than that of transportation infrastructure linking northern China to the south of the country, which has resulted in it being difficult to transport locally, and making it more sensible to import,” Edinger noted.

In addition, a five-year strategy aims to promote a sustainable development path and a revised, cleaner energy mix, with emphasis on environmental integrity and renewable energy as a cornerstone of China’s future development.

information from MINING WEEKLY

Orders 2012.05.17



Order Number	ENS10431	ENS10432	ENS10433	ENS10434	ENS10435
Description Product	Cr: Lumpy	Cr: Conc.	Iron Ore	Manganese	Cr: Lumpy
Quality Specification	44/42%	42/40%	64%	40%	42/40%
Currency	($) USD	($) USD	($) USD	($) USD	($) USD
Rate per Ton	205.00	205.00	154.00	195.00	201.00
Quantity available	30 000.00	25 000.00	45 000.00	40 000.00	15 000.00
Total Cost of Sale	6 150 000.00	5 125 000.00	6 930 000.00	7 800 000.00	3 015 000.00
Terms of delivery	CFR	CFR	CFR	CFR	CFR
Start date	17/05/2012	17/05/2012	17/05/2012	17/05/2012	17/05/2012
Origin	South Africa	South Africa	South Africa	South Africa	South Africa
Name of Port	Durban	Durban	Durban	Durban	Durban

Order 15/05/2012

Order Number	ENS10426	ENS10427	ENS10428	ENS10429	ENS10430
Description Product	Steam Coal	Steam Coal	Steam Coal	C Grade Coal	C Grade Coal
Quality Specification	28.00 CV	28.00 CV	28.00 CV	21.00 CV	23.00 CV
Currency	USD	USD	USD	USD	USD
Rate per Ton	127.00	127.00	127.00	105.00	110.00
Quantity available	150 000.00	150 000.00	150 000.00	50 000.00	50 000.00
Total Cost of Sale	19 050 000.00	19 050 000.00	19 050 000.00	5 250 000.00	5 500 000.00
Terms of delivery	CFR	CFR	CFR	CFR	CFR
Start date	2012.05.15	2012.05.15	2012.05.15	2012.05.15	2012.05.15
Origin	South Africa	South Africa	South Africa	South Africa	South Africa
Name of Port	Richardsbay	Richardsbay	Richardsbay	Richardsbay	Richardsbay

Order 15/05/2012

Order Number	ENS10421	ENS10422	ENS10423	ENS10424	ENS10425
Description Product	Steam Coal	Steam Coal	Steam Coal	C Grade Coal	C Grade Coal
Quality Specification	28.00 CV	28.00 CV	28.00 CV	21.00 CV	23.00 CV
Currency	USD	USD	USD	USD	USD
Rate per Ton	107.00	107.00	107.00	85.00	90.00
Quantity available	150 000.00	150 000.00	250 000.00	60 000.00	150 000.00
Total Cost of Sale	16 050 000.00	16 050 000.00	26 750 000.00	5 100 000.00	13 500 000.00
Terms of delivery	FOB	FOB	FOB	FOB	FOB
Start date / Laycan	2012.05.15	2012.05.15	2012.05.15	2012.05.15	2012.05.15
Origin	South Africa	South Africa	South Africa	South Africa	South Africa
Name of Port	Richardsbay	Richardsbay	Richardsbay	Durban	Durban