QUANTITY
IRON ORE
A minimum combination of 60,000 (Sixty Thousand) metric tons of Iron Ore for the 1st (first) and 2nd (second) month. 100,000 (One Hundred Thousand) metric tons or more of Iron Ore for the 3rd (third) month through the 36th month. Any amounts more than 100,000 metric tons will be agreed upon by the Parties.
QUARTERLY PRICE ADJUSTMENTS
The price of Iron Ore will be reviewed and/or adjusted for any market fluctuation of 10%+/- quarterly and shall be adjusted accordingly (Mutually Agreed Adjustments).
QUALITY
Chemical Specifications on a dry basis: Typical
Typical
Fe 65.0% + SiO2 4.50% Al2O3 2.0%
S 0.08% P 0.08%