Magnetite Iron Ore 55-60%

Our proposal for "Magnetite Iron Ore: Fe 55% to 60% :
Commodity : Magnetite Iron Ore
Origin : Mexico
A. Chemical Composition (on dry basis 105 degrees centigrades )
FE : Fe 55% - 60% basis / 55% min / Max 60% (Bonus $2/1%), Penalty (Pro-rata $2/1%)
SiO2 : 3% Min - 4% Max (Rejection above 5%) Penalty (Pro-rata $0.05/1%)AI2O3 : 0.06% Max ( +/- ) %
Al2O3 : 0.5% Min - 1% Max (Rejection above 1.2%) Penalty (Pro-rata $0.05/1%)
P : 0.06% Min - 0.07% Max (Rejection above 0.09%) Penalty (Pro-rata $0.05/0.01%)
S : 0.10% Min - 0.50% Max (Rejection above 0.90%) Penalty (Pro-rata $0.05/0.01%)
MgO : 0.25% Min - 0.40% Max
Size : 0 to 6 inches
*The Components indicative of FE 62%, it will be confirmed by SGS at load port.