Dear Sellers, Refiners and Smelters,

On behalf of our Centralised Purchasing Committee, comprising the Big 5 Iron and Steel Companies, we are sourcing for the following:

(1)     Commodity: Refined Nickel

(2)     Grade: 99.9%

(3)     Quantity needed per month: 2,000 - 4,000 tons

(4)     Targeted Price: CIF Main Port China, US$25,000 per ton.

(5)     Only Refiners, Smelters or Seller's Mandate need contact us.

(6)     Payment: 100% Irrevocable, At Sight L/C.

                        95% at sight of documents, 5% after CIQ

(7)     Inspection: SGS Singapore or CCIC Singapore (Seller's Expense)

(8)     Delivery: Via Containers. Partial shipment of 4 lots allowed.

                      Each lot to be 1,000 tons.

                      Trans-shipment may be allowed.

Ready sellers with stock, please contact us for immediate negotiation.

Thank you and good luck,

David R Lui

Managing Director