The Manganese Ore sold and purchased in terms of this agreement essentially conform to following specifications:
(On a dry basis: in % of weight) Mn: -------------------------40% min
Fe: ---------------------8%max. SiO2:--15max. Al2 O3:--------------13 % max. P: -----------0.12%, max
S: -----------------------0.04% max
K2O: -----------------------2 % max
Moisture-------09.00% Max. Size: ------ - + 6 mm -75mm 85% min.
If Mn content is less than 37%, the buyer can reject the goods.
Price adjustment: Bonus: Add USD 7.00 (US $ Seven only) per MT for each 1 pct Mn above 44% Mn on Pro-rata basis.
Penalty: Deduct USD 7.00 (US $ Seven only) per MT for each 1 pct Mn below 42% Mn on Pro-rata basis.
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