Cooper Ore

1.   PRODUCT: Oxide Copper Ore

2.   INITIAL QUANTITY: 1,000 MT FOB, Iquique port, with Rolls & Extensions for 12 months or more with increased tranche volumes, also including associated minerals such as gold, Silver and others to be negotiated tranche by tranche.

3.   PRESENTATION: Ore crushed under 1inch.

4.   PRICE: Price LME 99,99%: USD           LME – 15% X MT

•  Gold, silver, and other minerals will be traded according to the concentration thrown by the laboratory.

5.   CONCENTRATION OF: 15% to 25%. copper oxide

6.   SALE: FOB or FAS or FCA PORT IQUEQUE CHILE

7.   DATE OF DELIVERY OF THE MATERIAL: In compliance with the conditions of the purchase and sale contract and the issuance of the payment instrument in favor of the seller duly approved by the bank. And according to the terms of the logistics procedures, the first delivery will be made 45 days after the signing of the contract.

8.   DOCUMENTATION REQUIRED FOR NEGOTIATION:

•  Buyer Letter of intent signed and stamped, answering this SCO

•  Sales and Purchase agreement contract signed by the parties

9.   PAYMENT METHOD: DLC or other to be determined, (Irrevocable, Transferable, divisible, and confirmed at sight)

•  Upon receiving the letter of credit                        25%

•  At the start of crushing and certification             25% (10 days after DLC)

•  Before transportation to port                                25%

•  After FOB/FAS/FCA                                                  25% (45 days after DLC)

10. OPERATING DOCUMENTS: Certificate of Analysis, Export Invoice, RUEX, NIM, and SENARECOM.

11. DELIVERY CONDITION: The product will be delivered according to the composition of the technical sheet sent by the seller.