GUARANTEED VALUES Total Moisture 7.0% Proximate Analysis (Dry Basis) Ash % 7.0 max Volatile Matter% - 32/35 Fixed Carbon % 58 min Chemical Analysis (As Received) Calorific Value BTU/LB - 12,800 Sulfur % - 0.8 max FSI % - 7.5 max Phosphorous % - 0.004 PRICE TO BE DETERMINED MINIMUM MONTHLY QUANTITY 40,000 MT