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Technical Sales: Tracy Lee Once we have received sufficient information, we will provide a quotation within a week. If the quotation is acceptable, We will have a sample made and shipped to required destination. Upon approval of sample, we will have the product made and shipped. The time from acceptance of quotation until receipt of sample is usually 2-4 weeks. The time from approval of sample until receipt of production for the first order is usually 120-150 days.Subsequent orders are usually 70-100 days.

Contact info:
Tracy A. Lee

111 NE 11th Street   Map
Grand Prairie, TX 75050
Tel: (972) 602-1478
Fax: (972) 660-2845
tlee@firstexind.com

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News from the Import Industry

June 05, 2009

No deal, but Fortescue's a big winner

Andrew Forrest's Fortescue Metals is not involved in the Pilbara iron ore compact of Rio Tinto and BHP Billiton in the Pilbara but is has nevertheless emerged as a big winner.

Investors pushed shares in Fortescue 13.6 per cent, or 38 cents, higher to close at $3.18 on the basis that the combination of Rio and BHP in the Pilbara would prompt a backlash from the Chinese steel industry, the world's biggest.

The gain for Fortescue outpaced the share price gains for BHP and Rio which now face the prospect of the Chinese steel industry giving Fortescue preferential treatment in the sourcing of iron ore supplies and prices.

Fortescue is the so-called new force in the Pilbara iron ore industry but its current annual production of 25 million tonnes is dwarfed by that of Rio (200 million tonnes) and BHP (130 million tonnes).

The impact of the global financial crisis on demand and mining issues has meant that Fortescue is taking longer than planned to increase its annual output to 55 million tonnes a year, with plans to go higher still.

It can now look towards funding from China to build to the higher rates at the expense of expansion plans of the Rio/BHP combination. China has long been fearful of the pricing power that a Rio/BHP combination would bring to the iron ore market.

That was behind the recent move by China's Hunan Valin Iron and Steel on to the Fortescue share register. It now owns 17 per cent of the group.

GARIMPEIRO / BARRY FITZGERALD - June 6, 2009 - 12:12PM

SOURCE: theage.com.au

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