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100% Off-take Contracted<br />

Partner<br />

Agreement details<br />

• Agreement signed November 2010 for delivery of up to ~3 mtpa of iron ore<br />

pellet feed for at least 10 years<br />

• Pricing to take into account the high product quality<br />

• The parties will co-ordinate and co-operate in marketing and sales activities<br />

• Agreement signed October 2010 for delivery of ~1 mtpa of magnetite concentrate<br />

over 7 years<br />

• Pricing to take into account the high product quality<br />

• Agreement signed in June 2010 for delivery of ~1 mtpa of magnetite concentrate<br />

for 8 years from 2012<br />

• Pricing to take into account the high product quality<br />

27

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