Ann: High Quality Coking Coal Properties Confirme, page-20

re: Ann: High Quality Coking Coal Properties ... ME in his broadcast said CSN could be improved. High vitrinite was also mentioned, implying reflecture a better measure of coal quality.

Also mentioned the suitability to the Chinese market, perhaps Chinese market does not require a very high coke rate.

Ash is 12% (ar) needs to bring it down to 8%. Water in Overhangay is not a problem and coal washing could be in the project.