Under the Master Supply Agreement with concession holders for a term of 15 years signed in January 2008, Bel Global Resources has exclusive access to an ore mine in Sulawesi, Indonesia that has an estimated nickel ore reserve of between 50 million and 70 million WMT. Shipments of Nickel Ore commenced immediately in the same month.

Bel Global Resources provides various grades of nickel ore, including high grade with content level above 2.0%.

Demand for Nickel, an essential component of steel alloy, has increased exponentially. Stainless steel consumption has been widely applied to the following areas:

• Industrial usage: Chemicals, petro-chemicals, surgical instruments, food & beverage, automotive and aerospace assembly, refining, industrial equipment, etc.
• Consumer durables: Cookware, cutlery, jewelry, watches, etc.
• Construction: Fittings, decoration, elevator & escalator, building material in skyscrapers, etc.