GB003 Quijarro Port. Project Introduction. Total Construction Cost Estimation. Project Organization. GB001 Logistics facilities.

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2 1 Project Introduction 5 GB003 Quijarro Port 2 Project Organization 6 Total Construction Cost Estimation 3 GB001 Logistics facilities 7 Schedule for Engineering & Construction 4 GB002 Stock Yard - 2 -

3 The purpose of this document is to provide the proposal of EPCC(Engineering, Procurement, Construction and Commissioning) Service for Turnkey Solution of Logistics, Port and Shipyard for Mutun Iron Ore for Enabol, Bolivia. EPCC Contractor consists of consortium GMB(General Maeine Bussiness Inc.), and Engineering partner of EPCCO would be Zentech(Zentech Engineering Co., Ltd.) for successful completion of engineering, procurement, construction and commissioning for the Turnkey Solution of Logistics and Port with Facilities for El Mutun Iron Ore with other associated works for Enabol, Bolivia. The estimated output of a mine is initial stage around 2,000,000 ton/year and final stage around 5,000,000ton/year in El Mutun Iron Ore shall be transported from El Mutun Iron Ore mine to Quijarro Port. The logistic system, the transportation route, Quijarro Terminal Stockyard and Quijarro Port shall be developed accordingly

4 PROJECT MAP STOCKYARD QUIJARRO PORT & Around 35.0Km Mutun Iron Ore - 4 -

5 Project Name for Phases 1. GB001: Construction for Logistics facilities from El Mutun Iron Ore mine field to Quijarro Terminal Stockyard including conveyors and siro facilities in El Mutun Iron Ore mine field. Distance from Mutun to Quijarro Terminal is around 35Km. 2. GB002: Construction for Quijarro Terminal Stockyard development and Conveyer Facilities from Quijarro Terminal Stockyard to Quijarro Port including all necessary conveys and loader and feeder facilities. 3. GB003: Quijarro Port development including harbour facilities - 5 -

6 Design Office Address; EPCC Office Address; # , 586-1, Seonam-Dong, Nam-Gu, Ulsan, Korea EPCC Contractor PD 6Fl, Chung-Am Bldg, Yeoksam Dong, Gangnam Gu, Seoul # , Korea Contact Point ; Contact Point ; Tel : (82 52) Fax : (82 52) ihchi@gmbmarine.com Project Coordination Manager Procurement Division PD HSE Manager Manager Tel No. : (82) ~2 and Fax No. : (82) bychoi@zentechpe.co.kr Contact personnel : B. Y. CHOI Contact personnel : I. H. CHI / Director Construction Division Engineering Division CD ED ZENTECH GB001 Construction GB002 Construction GB003 Construction PMC/CM TEAM Engineering TEAM Supervision TEAM Manager Manager Manager PD PD PD CIVIL TEAM CIVIL TEAM CIVIL TEAM CIVIL TEAM CIVIL TEAM CIVIL TEAM STRUCTURE TEAM STRUCTURE TEAM STRUCTURE TEAM STRUCTURE TEAM STRUCTURE TEAM STRUCTURE TEAM MECHANICAL TEAM MECHANICAL TEAM MECHANICAL TEAM MECHANICAL TEAM MECHANICAL TEAM MECHANICAL TEAM ELECTRICAL TEAM ELECTRICAL TEAM ELECTRICAL TEAM ELECTRICAL TEAM ELECTRICAL TEAM ELECTRICAL TEAM BUILDING/SHOP TEAM BUILDING/SHOP TEAM BUILDING/SHOP TEAM BUILDING/SHOP TEAM BUILDING/SHOP TEAM BUILDING/SHOP TEAM - 6 -

7 TABLE OF CONTENTS 1. PROJECT SUMMARY 2. MATRIX FOR PROJECT SCOPE OF WORKS 3. PROJECT CONSIDERATION 4. DESIGN CRITERIA 5. PROJECT LAYOUT 6. ENGINEERING AND CONSTRUCTION BALLPARK ESTIMATED COST - 7 -

8 PROJECT SUMMARY FOR FOR GB EPCC : for Installation of all necessary loading & receiving facilities like Hopper, Chutes, Belt Conveyor system and Siro facilities in El Mutun Iron mine etc excluding crushing facilities. 2. EPCC : for Installation of Logistics facilities(35km, Belt Conveyor system or Truck system or Train system) from El Mutun mine to Quijarro Terminal Stockyard - 8 -

9 MATRIX FOR FOR PROJECT SCOPE OF OF WORKS No Project Description Design/PMC Contractor Enabol Construction Contractor Enabol Remarks 1. Transportation Method 1GB001 1) Truck and Road 2) Train and Railway 3) Conveyer To be Decided any method 2. Loading & receiving facilities 1) Facility system Support Frame and Foundation 2) Facility System / Upper Structure Yearly 5,000,000 ton 3. Other Associated Works 1) Control Building 2) Maintenance Shop 3) Electricity Power System 4) Electricity Substation 5)Lighting System - 9 -

10 PROJECT CONSIDERATION FOR FOR GB Enabol Bolivia requirement: To construct 35km of a belt conveyer system considering Amazon ecosystem environment and position of the inhabitant village etc. 2. However, EPCC contractor also consider different logistics method (the truck & road network system and Train Rail transportation system) 3. Around 35.0Km of flatland level and unpaved or Paved Tow (2) lane road. 4. In order to meet the requirement that 1,000 tone/hour should transport more secure and stable transportation, design capacity should be 1,000 ton/hour capacity because actual working hour = 22.0 hour/day and 320 working day/year(kideco reference)

11 DESIGN CRITERIA FOR FOR GB001 Distance from Mutun to Stockyard : 35.0Km Working Day and Hours : 320days/year, 22hours/day 1. Trucks and Road Transportation Method 1 Maximum Yearly output of a mine : 2,000,000ton by Trucks Case Type of Truck Condition of Road Average Speed Round trip hour Daily Nos of Transportation Net Nos of Tracks Spare part Total Nos of Tracks 1 30Ton No-pavement 30~35Km/h Ton Pavement 60~70Km/h Maximum Yearly output of a mine : 5,000,000ton by Trucks Case Type of Truck Condition of Road Average Speed Round trip hour Daily Nos of Transportation Net Nos of Tracks Spare part Total Nos of Tracks 1 30Ton No-pavement 30~35Km/h Ton Pavement 60~70Km/h

12 DESIGN CRITERIA FOR FOR GB001 Distance from Mutun to Stockyard : 35.0Km Working Day and Hours : 320days/year, 22hours/day 2. Train Rail-Way Transportation Method 1 Maximum Yearly output of a mine : 2,000,000ton by Train Average Speed Round trip hour Daily Nos of Transportation Net Nos of Tracks Spare part of Locomotive Total Nos of Locomotive Total Nos of Hopper 60~70Km/h Maximum Yearly output of a mine : 5,000,000ton by Train Average Speed Round trip hour Daily Nos of Transportation Net Nos of Tracks Spare part of Locomotive Total Nos of Locomotive Total Nos of Hopper 60~70Km/ h Conveyer System : 1,000ton/hour x 22Hour = 22,000ton

13 DESIGN CRITERIA FOR FOR GB001 Distance from Mutun to Stockyard : 35.0Km Working Day and Hours : 320days/year, 22hours/day 3. Conveyer Transportation Method 1 Maximum Yearly output of a mine : 5,000,000ton by Conveyer Minimum Required Capacity (ton/h) Efficiency (%) Required Capacity (ton/h) Daily Transportation Capacity Yearly Transportation Capacity ,642 5,005,

14 DESIGN CRITERIA FOR FOR GB001 Feasibility Study for Transportation Method from Mutun to Stockyard 1. Mine Output : 2,000,000ton/year Distance 35.0Km ITEM Truck and Road Transportation Method Train Rail way Transportation Method Conveyer Transportation Method Cost 90,186,475USD 101,425,667USD 95,896,152USD Construcion Period 12Months 12Months 12Months Cost of Maintenance 2% x x 30years = 54,111,885USD 2% x x 30years = 60,855,400USD 2% x x 30years = 57,537,691USD Life Time 6year 30year 15year Additional Re purchased Cost 31,818,180USD 0USD 46,037,400USD Total Cost during 30year 176,116,540USD 162,281,067USD 199,471,243USD Safety X Initial Investment X For Future X Company Requirement X

15 DESIGN CRITERIA FOR FOR GB Mine Output : 5,000,000ton/year Distance 35.0Km ITEM Truck and Road Transportation Method Train Rail way Transportation Method Conveyer Transportation Method Cost 98,368,293USD 123,339,697USD 95,896,152USD Construcion Period 12Months 12Months 12Months Cost of Maintenance 2% x x 30years = 59,020,976USD 2% x x 30years = 74,003,818USD 2% x x 30years = 57,537,691USD Life Time 6year 30year 15year Additional Re purchased Cost 72,727,270USD 0USD 46,037,400USD Total Cost during 30year 230,116,539USD 197,343,515USD 199,471,243USD Safety X Initial Investment X For Future X Company Requirement X

16 PROJECT LAYOUT FOR FOR GB001 Distance from Mutun to Stockyard : 35.0Km

17 ENGINEERING AND AND CONSTRUCTION BALLPARK ESTIMATED COST COST GB001 Construction for Stage-1(2,000,000MT/Y) Case (1) (2) (3) (4) (1) (2) (3) (4) (1) (2) (3) (4) Description for Construction Phases GB001 : Road for Truck Civil and Architecture Mechanical and Electrical System Road for Truck Conveyer System in El Mutun Mine stockyard(include support frame) GB001 : Railroad for Train Civil and Architecture Mechanical and Electrical System Railroad for Train Conveyer System in El Mutun Mine stockyard(include support frame) GB001 : Conveyer System Civil and Architecture Mechanical and Electrical System Conveyer System Conveyer System in El Mutun Mine stockyard(include support frame) COST (USD) USD 117,242,418 USD 104,417,379 USD 106,571 USD 8,272,727 USD 4,445,740 USD 131,853,367 USD 120,801,056 USD 106,571 USD 6,500,000 USD 4,445,740 USD 124,664,998 USD 4,267,562 USD 700,196 USD 115,251,500 USD 4,445,740 Percentage of Construction Cost 89.1% 0.1% 7.1% 3.8% 91.6% 0.1% 4.9% 3.4% 3.4% 0.6% 92.4% 3.6%

18 GB001 Construction for Stage-2(5,000,000MT/Y) Case Description for Construction Phases COST (USD) Percentage of Construction Cost (1) (2) (3) (4) (1) (2) (3) (4) (1) (2) (3) (4) GB001: Road for Truck Civil and Architecture Mechanical and Electrical System Road for Truck Conveyer System in El Mutun Mine stockyard(include support frame) GB001: Railroad for Train Civil and Architecture Mechanical and Electrical System Railroad for Train Conveyer System in El Mutun Mine stockyard(include support frame) GB001: Conveyer System Civil and Architecture Mechanical and Electrical System Conveyer System Conveyer System in El Mutun Mine stockyard(include support frame) USD 127,878,781 USD 104,417,379 USD 106,571 USD 18,909,090 USD 4,445,740 USD 160,341,606 USD 136,289,295 USD 106,571 USD 19,500,000 USD 4,445,740 USD 124,664,998 USD 4,267,562 USD 700,196 USD 115,251,500 USD 4,445,740 ALL COST IS INCLUDED IN DIRECT COST SUCH AS LOCAL WITH HOLDING TAX, OVERHEAD, ETC. 81.7% 0.1% 14.8% 3.5% 85.0% 0.1% 12.2% 2.8% 3.4% 0.6% 92.4% 3.6%

19 GB001 Engineering and Supervision NO Description for Construction Phases BASIC/DETAIL ENGINEERING SUPERVISION 1.0 GB001: Railroad for Train USD 8,017,080 USD 3,206,832 (1) Civil and Architecture USD 6,814,465 USD 2,725,786 (2) Mechanical and Electrical System USD 5,329 USD 2,131 (3) Railroad for Train USD 975,000 USD 390,000 (4) Conveyer System in El Mutun Mine stockyard(include support frame) USD 222,287 USD 88,915 TOTAL COST : USD 11,223,912 SITE SOIL INVESTIGATION AND ENVIRONMENTAL CONDITION ARE NOT INCLUDED IN THIS SCOPE

20 TABLE OF CONTENTS 1. PROJECT SUMMARY 2. MATRIX FOR PROJECT SCOPE OF WORKS 3. PROJECT CONSIDERATION 4. DESIGN CRITERIA 5. PROJECT LAYOUT 6. ENGINEERING AND CONSTRUCTION BALLPARK ESTIMATED COST

21 RROJECT SUMMARY FOR FOR GB EPCC : for development of Quijarro Terminal Stockyard where it is located at 16 meter high of hill and its area is around 35 Hectare, including all necessary car dumping and belt conveyors and Feeder, Bulldozer / Backhoe such as stock filing facility in Quijarro Terminal Stockyard 2. EPCC: for Belt Conveyer Facilities (400 meter) from Quijarro Terminal Stockyard to Quijarro Port including all necessary belt conveyor and barge loader facilities. 3. EPCC: for development of Quijarro Port having 26.6 Hectare where is located a swamp that tree and puddle are existed, 1) EPCC: for 1st Stage of 2,000,000MT/Year berthing and mooring of one(1) of barges (60 meter X 14 meter) including port/ harbour operation facilities without Iron ore stock area. 2) EPCC: for 2nd Stage of 5,000,000MT/Year berthing and mooring of two(2) of barges (60 meter X 14 meter) including port/ harbour operation facilities without Iron ore stock area

22 PROJECT SUMMARY FOR FOR CONVEYER SYSTEM 1. Stocked on Yard by Stacker 2. Stock on Yard by Re-claimer 3. Belt Conveyer Transportation 4. Barge Movable Loader 5. Barge Fixed Loader 6. Loading On Barge

23 PROJECT SUMMARY FOR FOR SCHEMATIC OF OF CONVEYER SYSTEM STAGE 1 LAYOUT OF Stock and Port

24 PROJECT SUMMARY FOR FOR LAYOUT OF OF STAGE barge Loading System for 2,000,000MT/year EMBANKMENT STAGE 1 LAYOUT OF Stock and Port

25 PROJECT SUMMARY FOR FOR LAYOUT OF OF STAGE barge Loading System and Boat Berthing for 5,000,000MT/year EMBANKMENT STAGE 2 LAYOUT OF Stock and Port

26 MATRIX FOR FOR PROJECT SCOPE OF OF WORKS(GB002) No Project Description Design/PMC Contractor Enabol Construction Contractor Enabol Remarks 1. Preparation for Stockyard 1) Pavement and Road 2 GB Barge Stock & receiving & Conveyer facilities 1) Facility system Support Frame and Foundation 2) Facility System / Upper Structure 3. Other Associated Works 1) Control Building 2) Main Office 3) Maintenance Shop 4) Gas Turbine Generator and Building 5) Electricity Substation 6) Water Treatment System and Pipeline 7) Worker Accommodation 8) Water Spray System for nine Stockyard 9) Water Tank 6,900Volts / Smart Grade : 2080KW / Superior grade : 2400KW 10) Lighting System 11) Dust layer and Fence

27 PROJECT CONSIDERATION FOR FOR GB meter high of hill and 400 meter distance, 2. Storage area : 35 Hectare 3. Facility area : 13 Hectare 4. Logistic and support area : 20 Hectare 5. In order to meet the requirement that 1,000 tone/hour should transport more secure and stable transportation, design capacity should be 1,000 ton/hour capacity because actual working hour = 17.0 hour/day and 320 working day/year(kideco reference) 6. If Consider 2-Bay Barge Loading, the 1,000ton/h to be arranged 2 bay each

28 DESIGN CRITERIA FOR FOR GB002 Conveyer and Loader System to be design of 1,700 ton/day Estimated actual Working hour : 17 hours/day and 320 day/year Pavement shall be designed allowable pressure : 2.9 ton/m3 x 10m = 29 ton/m2 35 ton/m2 Facilities for Stockyard: Car Dumping facility, Hopper such as Stock filing facility, conveyor system and Bulldozer / Backhoe in stockyard. It is included conveyer system from stockyard to port around 400m and Barge Loader facility

29 Feasibility Study for Iron Ore Loading Method in Quijarro Port Phase No Output Capacity (Ton/year) Quay Type Required Loading capacity Working Hour Nos of barge Set Nos of Ship loader Type of Loader Barge DWT Minimum Required barge per day Loading Capacity One shifted barge Capacity Total Loader Capacity Set barge Mob/Demob. Time Required Loading Time Total Required hour per barge set Total possibility of barge nos Results 2,000,000 Single Dolphin 6,250ton/day 17Hr/day 1 1 Fixed Type 2500DWT 2.5nos 1000ton/Hr 2500DWT 1000ton/Hr 1.00Hr 2.5Hr 3.5Hr 4.9Nos GOOD 1 5,000,000 2-Single Dolphin 15,625ton/day 17Hr/day 2 2 Fixed Type 2500DWT 6.25nos 1000ton/Hr 5000DWT 2000ton/Hr 1.00Hr 2.5Hr 3.5Hr 9.7Nos GOOD 2 10,000,000 Pile and Slab 31,250ton/day 17Hr/day 3 3 Fixed Type 2500DWT 12.5nos 1000ton/Hr 7500DWT 3000ton/Hr 1.00Hr 2.5Hr 3.5Hr 14.6Nos GOOD

30 LAYOUT FOR FOR GB002 :: STAGE-1(2,000,000MT/Y) 1 - barge Loading System for 2,000,000MT/year

31 LAYOUT FOR FOR GB002 :: STAGE-2(5,000,000MT/Y) 2 - barges Loading System for 5,000,000MT/year

32 LAYOUT FOR FOR GB002 :: CONVEYER SYSTEM

33 ENGINEERING AND AND CONSTRUCTION BALLPARK ESTIMATED COST COST GB002 Construction for Stage-1 NO Description for Construction Phases COST (USD) Percentage of Construction Cost 1.0 GB002: Conveyer Facility Construction from Quijarro Terminal Stockyard to Quijarro port including loading facilities USD 73,181,195 (1) Civil and Architecture USD 45,794, % (2) Mechanical and Electrical System USD 2,605, % (3) Conveyer System in Stockyard and Loader System in port(include support frame) USD 24,780, % ALL COST IS INCLUDED IN DIRECT COST SUCH AS LOCAL WITH HOLDING TAX, OVERHEAD, ETC

34 GB002 Construction Cost for Stage-2 NO Description for Construction Phases COST (USD) Percentage of Construction Cost 1.0 GB002: Conveyer Facility Construction from Quijarro Terminal Stockyard to Quijarro port including loading facilities USD 92,586,131 (1) Civil and Architecture USD 45,913, % (2) Mechanical and Electrical System USD 2,691, % (3) Conveyer System in Stockyard and Loader System in port(include support frame) USD 43,981, % ALL COST IS INCLUDED IN DIRECT COST SUCH AS LOCAL WITH HOLDING TAX, OVERHEAD, ETC

35 GB002 Engineering Cost NO Description for Construction Phases BASIC/DETAIL ENGINEERING SUPERVISION 1.0 GB002: Conveyer Facility Construction from Quijarro Terminal Stockyard to Quijarro port including loading facilities USD 4,629,307 USD 1,851,723 (1) Civil and Architecture USD 2,295,664 USD 918,266 (2) Mechanical and Electrical System USD 134,563 USD 53,825 (3) Conveyer System and stacker, reclaimer system and Etc. in Stockyard and Loader System in port(include support frame) USD 2,199,079 USD 879,631 TOTAL COST : USD 6,481,029 SITE SOIL INVESTIGATION AND ENVIRONMENTAL CONDITION ARE NOT INCLUDED IN THIS SCOPE

36 TABLE OF CONTENTS 1. PROJECT SUMMARY 2. MATRIX FOR PROJECT SCOPE OF WORKS 3. PROJECT CONSIDERATION 4. DESIGN CRITERIA 5. PROJECT LAYOUT 6. ENGINEERING AND CONSTRUCTION BALLPARK ESTIMATED COST

37 RROJECT SUMMARY FOR FOR GB EPCC : for development of Quijarro Terminal Stockyard where it is located at 16 meter high of hill and its area is around 35 Hectare, including all necessary car dumping and belt conveyors and Feeder, Bulldozer / Backhoe such as stock filing facility in Quijarro Terminal Stockyard 2. EPCC: for Belt Conveyer Facilities (400 meter) from Quijarro Terminal Stockyard to Quijarro Port including all necessary belt conveyor and barge loader facilities. 3. EPCC: for development of Quijarro Port having 26.6 Hectare where is located a swamp that tree and puddle are existed, 1) EPCC: for 1st Stage of 2,000,000MT/Year berthing and mooring of one(1) of barges (60 meter X 14 meter) including port/ harbour operation facilities without Iron ore stock area. 2) EPCC: for 2nd Stage of 5,000,000MT/Year berthing and mooring of two(2) of barges (60 meter X 14 meter) including port/ harbour operation facilities without Iron ore stock area

38 PROJECT SUMMARY FOR FOR LAYOUT OF OF STAGE barge Loading System for 2,000,000MT/year EMBANKMENT STAGE 1 LAYOUT OF Stock and Port

39 PROJECT SUMMARY FOR FOR LAYOUT OF OF STAGE barge Loading System for 5,000,000MT/year EMBANKMENT STAGE 2 LAYOUT OF Stock and Port

40 MATRIX FOR FOR PROJECT SCOPE OF OF WORKS No Project Description Design/PMC Contractor Enabol Construction Contractor Enabol Remarks 1. Berthing and Mooring System 1) Quay (Pile and Slab Type) 3 GB003 2) Embankment for Water break 3) Tug Berthing System 3) Approach Road 4) Dredging

41 PROJECT CONSIDERATION FOR FOR GB Development of Quijarro Port having 26.6 Hectare where is located a swamp that tree and puddle are existed. 2. EPCC: for 1st Stage of 2,000,000MT/Year berthing and mooring of one(1) of barges (60 meter X 14 meter) including port/ harbour operation facilities without Iron ore stock area 3. EPCC: for 2nd Stage of 5,000,000MT/Year berthing and mooring of two(2) of barges (60 meter X 14 meter) including port/ harbour operation facilities without Iron ore stock area 4. Estimated actual Working hour: 17 hours/day and 320 day/year KIDECO reference) for loading of Iron Ore. 5. The most important factor in Port/Harbor development is to get a stony rock mountain development in order to reclaim the land and government cooperation is required to save construction expense.

42 DESIGN CRITERIA FOR FOR GB003 Port, road and facilities for berthing and mooring of One(1) ships of barge(60 meter X 14 meter) at same time of mooring. In future, two(2) berthing system will be constructed. Berthing and Mooring design load to be considered. Estimated actual Working hour: 17 hours/day and 320 day/year for loading of Iron Ore. Road and access way design live load : 5 ton/m2 Dredging depth: 5m from lower water level. Berthing angle and Velocity = 0 deg and 0.25m/sec Barge Lightship W T = 350 ton and DWT=2,500ton

43 Feasibility Study for Iron Ore Loading Method in Quijarro Port Phase No Output Capacity (Ton/year) Quay Type Required Loading capacity Working Hour Nos of barge Set Nos of Ship loader Type of Loader Barge DWT Minimum Required barge per day Loading Capacity One shifted barge Capacity Total Loader Capacity Set barge Mob/Demob. Time Required Loading Time Total Required hour per barge set Total possibility of barge nos Results 2,000,000 Single Dolphin 6,250ton/day 17Hr/day 1 1 Fixed Type 2500DWT 2.5nos 1000ton/Hr 2500DWT 1000ton/Hr 1.00Hr 2.5Hr 3.5Hr 4.9Nos GOOD 1 5,000,000 2-Single Dolphin 15,625ton/day 17Hr/day 2 2 Fixed Type 2500DWT 6.25nos 1000ton/Hr 5000DWT 2000ton/Hr 1.00Hr 2.5Hr 3.5Hr 9.7Nos GOOD 2 10,000,000 Pile and Slab 31,250ton/day 17Hr/day 3 3 Fixed Type 2500DWT 12.5nos 1000ton/Hr 7500DWT 3000ton/Hr 1.00Hr 2.5Hr 3.5Hr 14.6Nos GOOD

44 LAYOUT FOR FOR GB003 :: STAGE-1(2,000,000MT/Y) 1 - barge Loading System for 2,000,000MT/year

45 LAYOUT FOR FOR GB003 :: STAGE-2(5,000,000MT/Y) 2 - barges Loading System for 5,000,000MT/year

46 ENGINEERING AND AND CONSTRUCTION BALLPARK ESTIMATED COST COST GB003 Construction for Stage-1 NO Description for Construction Phases COST (USD) Percentage of Construction Cost 3.0 GB003 : Harbor development and port facilities USD 30,731,754 (1) Civil and Architecture USD 27,137, % (2) Mechanical and Electrical System USD 3,593, % ALL COST IS INCLUDED IN DIRECT COST SUCH AS LOCAL WITH HOLDING TAX, OVERHEAD, ETC

47 GB003 Construction Cost for Stage-2 NO Description for Construction Phases COST (USD) Percentage of Construction Cost 1.0 GB003 : Harbor development and port facilities USD 55,595,367 (1) Civil and Architecture USD 49,126, % (2) Mechanical and Electrical System USD 6,468, % ALL COST IS INCLUDED IN DIRECT COST SUCH AS LOCAL WITH HOLDING TAX, OVERHEAD, ETC

48 GB003 Engineering Cost NO Description for Construction Phases BASIC/DETAIL ENGINEERING SUPERVISION 1.0 GB003 : Harbor development and port facilities USD 2,779,768 USD 1,111,907 (1) Civil and Architecture USD 2,456,328 USD 982,531 (2) Mechanical and Electrical System USD 323,440 USD 129,376 TOTAL COST : USD 3,891,676 SITE SOIL INVESTIGATION AND ENVIRONMENTAL CONDITION ARE NOT INCLUDED IN THIS SCOPE

49 GB001/GB002/GB003 Stage-1(Conveyer Method) Method) NO Description for Construction Phases COST (USD) Percentage of Construction Cost 1.0 GB001 : Conveyer System USD 124,664,998 (1) Civil and Architecture USD 4,267, % (2) Mechanical and Electrical System USD 700, % (3) Conveyer System USD 115,251, % (4) Conveyer System in El Mutun Mine stockyard(include support frame) USD 4,445, % 2.0 GB002: Conveyer Facility Construction USD 73,181,195 (1) Civil and Architecture USD 45,794, % (2) Mechanical and Electrical System USD 2,605, % (3) Conveyer System in Stockyard and Loader System in port(include support frame) USD 24,780, % 3.0 GB003 : Harbor development and port facilities USD 30,731,754 (1) Civil and Architecture USD 27,137, % (2) Mechanical and Electrical System USD 3,593, % 4.0 Engineering and Supervision USD 16,000,456 Total Engineering and Construction Cost USD 244,578,403 ALL COST IS INCLUDED IN DIRECT COST SUCH AS LOCAL WITH HOLDING TAX, OVERHEAD, ETC

50 GB001/GB002/GB003 Stage-2(Conveyer Method) Method) NO Description for Construction Phases COST (USD) Percentage of Construction Cost 1.0 GB001: Conveyer System USD 124,664,998 (1) Civil and Architecture USD 4,267, % (2) Mechanical and Electrical System USD 700, % (3) Conveyer System USD 115,251, % (4) Conveyer System in El Mutun Mine stockyard(include support frame) USD 4,445, % 2.0 GB002: Conveyer Facility Construction USD 92,586,131 (1) Civil and Architecture USD 45,913, % (2) Mechanical and Electrical System USD 2,691, % (3) Conveyer System in Stockyard and Loader System in port(include support frame) USD 43,981, % 3.0 GB003 : Harbor development and port facilities USD 55,595,367 (1) Civil and Architecture USD 49,126, % (2) Mechanical and Electrical System USD 6,468, % 4.0 Engineering and Supervision USD 19,099,255 Total Engineering and Construction Cost USD 291,945, ALL COST IS INCLUDED IN DIRECT COST SUCH AS LOCAL WITH HOLDING TAX, OVERHEAD, ETC.

51 7.1 Overall Schedule Project MOA Contract for Basic Detail Design Basic and Detail Design Start Date End Date Contract for Construction Start Date Construction End Date GB GB GB Schedule for Engineering Case Nos Basic Engineering Detail Engineering Supervision 1 Period 3Month 5Month Up to Completion of Construction 7.3 Schedule for Construction Case Nos 1 Period GB Months Construction, Procurement and Supervision GB002 12Months GB003 12Months

52 Visiting address for ZENTECH ENGNEERING 6 Fl. Chung-Am Bldg Yeoksam-Dong, Gangnam-GU, Seoul # , Korea Phone: ~2 Fax: bychoi@zentechpe.co.kr (Seoul) : knam@zentechpe.co.kr (Johor,Malaysia) Key personnel : B.Y. CHOI (C.E.O-Seoul) : K. H. NAM (Johor)