South Kalimantan Iron Ore (Fines, Lump, Or Rom)
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Hematite and magnetite iron ore in fines, lumps or ROM is used as a raw material for the production of steel along with limestone and coking coal. The fe content is equal or better compared to western Australian mines grading which only 63.7% fe.
We invite prospective buyers to purchase fe 64% iron ore fines in 12 monthly shipments of 40,000 metric tons/month minimum, price per may 2006 is $48/MT FOB or $68 cnf China ports (qingdao, Tianjin, luoyuan, zhangjiang, Lianyungang, etc) , or any safe port in the world. The cnf price is the FOB price plus shipping costs. (international freight costs can change quickly, actual cnf price is determined at time of contract signing) . Loading ports are port trisakti and port asam-asam. First shipment within 45 days of operative financial instruments (see below "payment terms") mine(s) visit(s) , licenses, contracts, and sgs report are available to the buyer, in Indonesia, after buyer provides bank pre-advise proving ability to fund the documentary letter of credit payment guarantee - see below "payment terms".
Attention commodity traders:
Maximum commisions or kickback of $1 allowed. When contract is being negotiated, we prefer to deal directly with the end-buyer or end-user company where the L/c coming from. If this is not possible by your side, a transferred L/c (first-second beneficiary system) must be confirmed by a world-class bank.
Specifications (assayed by sgs) :
Total fe:64.50% rejection below 63.50%
Al2o3:3.50% rejection above 4.50%
Sio2:3.50% rejection above 4.50%
S:0.10% max 0.12%
P:0.10% max 0.12%
Tio2:1.00% max 1.20%
Na2o: Less than 0.01%
Physical characteristics (for fines) :
0 mm - 10mm 90% min
Above 10 mm 10% max
0 mm - 25 mm 25% max
8.00% - 10.00% at 105 degrees centigrade (10% on rainy season)
Also low grade iron ore fines 58%fe (below 57% rej) ,61% fe (below 60% rej) & 62%fe (below 61% rej) available with some reduced price. Iron sand 55% (below 52%rej) with high titanium content (between 1% to 16%) is also available from other island in Indonesia. Also available: Manganese ore.
Loading rate: Barge loading by 5,000 MT maximum only.
Demurrage for cnf:
Demurrage is incurred if discharge rate falls below 8,000 MT and is charged to the account of the buyer. Sundays and holidays are excluded.
For FOB vessel: Should be iron ore carrying vessel fitted with 4 x 20-25 MT crane & 4x8-12 cbm grab. Iron ore cargoes may affect magnetic compasses.
-full set of clean on board bill of lading signed by the master of the vessel.
-inspection certificate by sgs or ciq or equivalent assayers.
-certificate of origin.
-certificate of quality and quantity.
-certificate of weight of the shipped goods, moisture content in the goods.
-customs declaration and original quality certificate issued.
-insurance, if any, will be covered by buyer.