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ENERGY SURCHARGE
 MEXICO
Decemberr 26, 2008
Dear Valued Customer:
The price of Diesel and fuel oil in Mexico , and for global energy in general, has increased to unprecedented levels. The rise in energy prices has had a significant impact on the mining and production costs of our operations. As a result, since April 1, 2008 (or as current price agreements expire), Celite Mexicana, S.A. de C.V. was implemented an Energy Surcharge, subject to any applicable provisions in individual contracts, which will appear as a separate line item on your invoice.
We are adjusting the Energy Surcharge monthly based on the Pemex public price of Diesel and fuel oil versus the October 2007 price. The base prices are MXN 5.93 for Diesel and MXN 4.98 for fuel oil.
The Energy Surcharge is calculated in the month proceeding the month of implementation. The chart below outlines the Energy Surcharge.
The Energy Surcharge for January 2009 is based on the November 2008 price of MXN 7.08 for Diesel and MXN 2.86 for fuel oil. Reference Pemex calculation details. Any changes in the Energy Surcharge will become effective the first day of the month.
January 2009 ESC
| Product |
Market |
Currency |
Fuel Oil |
Diesel |
Total |
| Calcined & Flux Calcined |
Domestic |
MXN |
0 |
93 |
93 |
| Natural |
Domestic |
MXN |
0 |
61 |
61 |
| |
|
|
|
|
|
| Calcined & Flux Calcined |
Export |
USD |
0 |
8.90 |
8.90 |
| Natural |
Export |
USD |
0 |
5.80 |
5.80 |
Calcined & Flux Calcined Diatomite Filter Aids & Functional
Fillers
Fuel Oil
| Fuel Oil Prices (MXN) |
ESC (MXN/mt) |
ESC (USD/mt) |
| 4.98 - 5.09 |
8 |
0.7 |
| 5.10 - 5.22 |
16 |
1.5 |
| 5.23 - 5.35 |
24 |
2.2 |
| 5.36 - 5.49 |
32 |
3.0 |
| 5.50 - 5.62 |
40 |
3.8 |
| 5.63 - 5.77 |
49 |
4.6 |
| 5.78 - 5.91 |
58 |
5.5 |
| 5.92 - 6.06 |
67 |
6.3 |
| 6.07 - 6.21 |
76 |
7.2 |
6.22 - 6.36 |
85 |
8.1 |
6.37 - 6.52 |
95 |
9.0 |
6.53 - 6.69 |
105 |
10.0 |
| 6.70 - 6.85 |
115 |
11.0 |
| 6.86 - 7.03 |
126 |
12.0 |
| 7.04 - 7.20 |
136 |
13.0 |
| 7.21 - 7.38 |
147 |
14.0 |
| 7.39 - 7.57 |
159 |
15.1 |
7.58 - 7.77 |
170 |
16.2 |
Calcined & Flux Calcined Diatomite Filter Aids & Functional
Fillers
Diesel
| Diesel Prices (MXN) |
ESC (MXN/mt) |
ESC (USD/mt) |
| 5.93 - 6.01 |
7 |
0.7 |
| 6.02 - 6.10 |
15 |
1.4 |
| 6.11 - 6.19 |
22 |
2.1 |
| 6.20 - 6.28 |
29 |
2.8 |
| 6.29 - 6.38 |
37 |
3.5 |
| 6.39 - 6.47 |
45 |
4.3 |
| 6.48 - 6.57 |
53 |
5.0 |
| 6.58 - 6.67 |
60 |
5.8 |
| 6.68 - 6.77 |
68 |
6.5 |
6.78 - 6.87 |
77 |
7.3 |
6.88 - 6.98 |
85 |
8.1 |
6.99 - 7.08 |
93 |
8.9 |
| 7.09 - 7.19 |
102 |
9.7 |
| 7.20 - 7.29 |
111 |
10.5 |
| 7.30 - 7.40 |
119 |
11.4 |
7.41 - 7.52 |
128 |
12.2 |
Natural Diatomite
Fuel Oil
| Fuel Oil Prices (MXN) |
ESC (MXN/mt) |
ESC (USD/mt) |
| 4.98 - 5.09 |
5 |
0.5 |
| 5.10 - 5.22 |
10 |
1.0 |
| 5.23 - 5.35 |
15 |
1.5 |
| 5.36 - 5.49 |
21 |
2.0 |
| 5.50 - 5.62 |
26 |
2.5 |
| 5.63 - 5.77 |
32 |
3.0 |
| 5.78 - 5.91 |
37 |
3.6 |
| 5.92 - 6.06 |
43 |
4.1 |
| 6.07 - 6.21 |
49 |
4.7 |
6.22 - 6.36 |
55 |
5.3 |
6.37 - 6.52 |
62 |
5.9 |
6.53 - 6.69 |
68 |
6.5 |
| 6.70 - 6.85 |
75 |
7.1 |
| 6.86 - 7.03 |
82 |
7.8 |
| 7.04 - 7.20 |
89 |
8.4 |
| 7.21 - 7.38 |
96 |
9.1 |
| 7.39 - 7.57 |
103 |
9.8 |
7.58 - 7.77 |
111 |
10.5 |
Natural Diatomite
Diesel
| Fuel Oil Prices (MXN) |
ESC (MXN/mt) |
ESC (USD/mt) |
| 5.93 - 6.01 |
5 |
0.5 |
| 6.02 - 6.10 |
9 |
0.9 |
| 6.11 - 6.19 |
14 |
1.4 |
| 6.20 - 6.28 |
19 |
1.8 |
| 6.29 - 6.38 |
24 |
2.3 |
| 6.39 - 6.47 |
29 |
2.8 |
| 6.48 - 6.57 |
34 |
3.3 |
| 6.58 - 6.67 |
39 |
3.7 |
| 6.68 - 6.77 |
45 |
4.2 |
6.78 - 6.87 |
50 |
4.7 |
6.88 - 6.98 |
55 |
5.3 |
6.99 - 7.08 |
61 |
5.8 |
| 7.09 - 7.19 |
66 |
6.3 |
| 7.20 - 7.29 |
72 |
6.8 |
| 7.30 - 7.40 |
78 |
7.4 |
7.41 - 7.52 |
83 |
7.9 |
We at World Minerals appreciate your understanding during these
times and look forward to your continued support. Please do not hesitate to
contact your Account Manager should you have any questions.
Sincerely,
Stephen Baimel
Vice President, Sales and Marketing
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