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We are direct to the Buyer for the top 5 mills in ChinaHe currently has iron ore supply contracts with other companies outside South Africa and these contracts are up for renewal. But he would like bring these contracts to South Africa.He is ready, willing and able to start as soon as the 1st June 2013His requirements are as follows:Commodity: Lumpy Iron Ore Fe 64.5% typical, 63% rejectionQuantity: Min 150,000 metric tons per month x 12 months with ROEIncoterms: Preference is CFR/CFN Main Port China, but if not possible, will settle for FOB Saldhana Bay, South AfricaTarget Price: $ 110 per metric ton FOB Saldhana BayProcedures:1.Seller issues FCO2.Buyer liaises with Seller to perform due diligence and provide proof of financial capabilities3.Buyer to sign SPA at TTM Please let us know whether you are able to transact on the above or give us an indication of your best offer. You can contact us via e-mail on jkkandoloatgmaildotcom Your diligent reply will be highly appreciated. John Kandolo TSMR (Pty) Ltd
