Detailed Product Description

This is a new mine from us. Total reserves is 400,000MT.
Guaranteed at GCV6500

Above GCV6500 bonus, Below GCV6500 penalty. Below GCV6300 reject.

Supplying capability at  2 x 8000MT barge / month.
Expandable to 4 x 8000MT barge/mth in 3 months time.

Best offer secures. Submit your best offer to

Bid price should range from minimum US$50/MT upwards.

Serious Bidder only. Conditions below: 
1) All purchase offers should come from the final Buyer. Traders, please indicate your final buyer, and inform them the terms below. If this information is not provided, we will not be able to respond to you.
2) For signing of contract. you should be ready to visit Singapore or Indonesia Jakarta  
3) Price is applicable for 1 trial order, or if for 3 months, then you should be ready to issue 3 months revolving LC. 100% LC at sight from International Bank. LC30/60/90 days acceptable, but at 1% bank charge every 30 days. No 2% PG from Seller.
4) Independent Surveyor from Singapore, Indonesia at Buyer's cost. You can choose SGS, CCIC.
5) Strictly FOB Barge only. If you don't have any shipping company in mind, we can recommend to you. But you should discuss directly with them.

6) Location: Lao Tui, Mahakam River. Samarinda, East Kalimantan, Indonesia.

7) Mine visit available. It is 1-2hours car ride from Samarinda, East Kalimantan.

8) Mine Prospectus, with mining licence, proven reserves and boring results will be availabe upon request.

9) Timeline:
a) All offers should be received at  before 20th Nov 2009

Contact number: Singapore:(65) 98517070, China: (86) 13728777070

Remember to include the firm "offer to purchase" from directly from Final Buyer.
b) Buyer should be ready to issue LC by 30th Nov 2009
c) Delivery of first shipment should be done by 15th Dec 2009

_{SERIOUS BUYER ONLY. Kindly not to waste our time if you are are not ready to commit to the timeline above. At the minimum price of US$50 to begin with, simply submit your offer for your best price.}