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ENERGY SURCHARGE

EUROPE > MURAT, FRANCE

October 26, 2008

Dear Customer:

The price of fuel oil in Europe, and for global hydrocarbon energy in general, has increased to unprecedented levels. The rise in energy prices has had a significant impact on the production costs of our Celite plant in Murat (France). As a result, effective June 15, 2008, we have no choice but to implement an energy surcharge which will appear as a separate line item on your invoice.

We adjust the surcharge monthly based on the Rotterdam Heavy Fuel price. The Energy Surcharge is calculated on the month proceeding the month of implementation, based on the latest monthly average price converted into EUR. The Energy Surcharge is invoiced in EUR at the exchange rate of the 25th day of the month. (Reference the calculation tables below)

The Energy Surcharge for November 2008 is based on the September 2008 price of 370 €/ton for Heavy Fuel;as such, it will be of 32 €/ton.

Any change in the surcharge becomes effective the 26th day of each month.

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 yours,

 

Keith Turkington
Regional Director, Sales
Europe, Middle East & Africa
World Minerals, a member of IMERYS

 

 

Energy Surcharge for World Minerals Products from Murat
Calculation Table

Rotterdam Heavy Fuel
price index(€/MT)

Energy Surcharge (€/MT)

275.00 – 299.99

8

300.00 – 324.99

16

325.00 – 349.99

24

350.00 – 374.99

32

375.00 – 399.99

40

400.00 – 424.99

48

425.00 – 449.99

56

450.00 – 474.99
64
475.00 – 499.99
72

 

Rotterdam Fuel

Source: INSEE, code 000455746

 

 

 

World Minerals Inc.
130 Castilian Drive
Santa Barbara, CA 93117
USA
Phone: (800) 893-4445 or (805) 562-0200
Fax: (805) 562-0298
E-mail: info@worldminerals.com

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