Company: Southern Peru Copper Corporation Quote Date: May 8th, 2012

Contact: Maria Eugenia Degaldo Torres Quote: FRM-2012-0002A

E-mail: medelgado@southernperu.com.pe From: Tim Mitchell
Telephone: +51 1 512 0440 (Ext. 3228) Salesperson: Santiago Guillermo

Dear Maria Eugenia Degaldo Torres,

Austin Engineering Peru is pleased to provide our quotation for the following:

Qty Description Each Price (USD) Extended Price (USD)

1off Dipper,73yd3,B495HR,#K400079-01 $1,133,000.00 $1,133,000.00

To Suit:
OEM: Bucyrus International
Model: 495HR
P/No: K400079-01

TECHNICAL SPECIFICATIONS:
1. Dipper capacity: SAEJ67 = 73 yd3 (56m3) struck capacity.
2. Dipper dimensions:
Width = 4902mm [193”]
Height = 2921mm [115”]
Length = 4413mm [173.75”] (Tooth tip to door)
3. Dipper weight: 72,000kg (assembled)
4. Dipper design: Heavy-duty straight sided design.
5. Lip: 192” wide spade lip with mechanically attached teeth & shrouds. (Esco or Bradken
options)
6. Teeth: - Qty 9off, Whistler design (WH-12) with 5° down pitched teeth. (Esco or
Bradken options)
7. Center shrouds (edge protection): Qty 8off, #12 design mechanically attached spool
and wedge. (Esco or Bradken options)
8. Corner shrouds (side protection): Qty 4off, #12 design mechanically attached spool and
wedge. (Esco or Bradken options)
9. Latch keeper (dutchman): Features a bolt in hard faced reversible carbide faced insert.
Latch keeper is built into floor of dipper.
10. Heel bands (outer body protection): Qty 2off per side, from 80mm thick, SSAB Steel -
Hardox 500 BHN wear plate, 2 separate pieces on each side for easier fit-up.

Page 1 of 4
 11. Door liners (gate protection): Lower half on inside has 20mm thick, SSAB Steel - Hardox
500 BHN wear plate. The leading (outer) edge of door has a165mm wide SSAB Steel –
Hardox 500 BHN wear plate across bottom width of door.
12. Body liners (inner floor protection) – Dipper bowl behind lip has 40mm thick SSAB Steel
- Hardox 500 BHN extending to 20mm liners with intermediate 50mm bump strips all
SSAB Steel - Hardox 500 BHN Structural wear plate. Please refer to proposal drawing.
13. Snubbers: Qty 2off ultra high capacity brakes each consisting of 4off, 420mm diameter
high friction metallic discs & urethane springs.
14. Pitch Braces: Adjustable +/- 4° rake angle adjustment which converts to a +/- 305mm
heel change. Pitch braces are adjusted by adding or removing shims.
15. Latch mechanism: 152mm [6”] x 305mm [12”] latch bar with hard faced tip, latch lever
with one part trip, and easy access fulcrum box with 12 ton screw jack to make shim
adjustments safe and easy. Latch lever has upper & lower limit cushioned stops.
16. Bushings: Ultra high manganese explosion hardened eccentric bushing for padlock
connection. Forged manganese bushing for door pivot. Cast manganese bushings for
pitch brace & handle connections.
17. Pins: Door, handle and pitch brace pins are induction hardened with bolt on retainers.
18. Lifting lugs: The 4 upper corners of dipper body each have a 50 ton lifting lug and 85
ton lifting lug on top center to pick up the complete dipper.
19. Padlock Assembly: 2 Padlock assemblies support the dipper. These feature increased
strength and induction hardened sheaves.

Material Specifications for Castings & Structural Plate:

1. Castings: Lip, fronts, & latch keeper are made from Low Carbon Alloy Steel of High
Toughness, 720 MPa Yield Strength, CVN 66.5N @ -40°C, 277-331 BHN.
2. Structural steel: SAAB Steel - Weldox structural steel and Hardox Q&T 500BHN wear
resistant material.

Welding and NDT Procedures:

1. Welding Procedures according to America Welding Society, AWS D14.3/D14.3M (2010),
“Specification for Welding Earthmoving and Construction Equipment”
2. Magnetic Particle Inspection (MPI) of all welds to ASME Section 5 (2010) and AWS D1.1
(2010) Section 6, Part C “Magnetic Particle Testing”.
3. Ultrasonic Inspection of full penetration welds.

Stress Relief:
Dipper bowl, back, & door weldments are stress relieved.

Paint Specification:
Painted complete in Black Enamel or site specific paint specification (Customer to advise).

Page 2 of 4
 COMMERCIAL TERMS:
Warranty: Refer to the standard Austin Engineering warranty terms attached with this
quotation.
Delivery: Delivered to Caujone Mine Site.
Estimated time of delivery 38 weeks from official Purchase Order.
Subject to material availability and workshop loading at the time of Purchase
Order placement.
Payment: Progress Payments according to the following schedule:
40% upon receipt of Materials, payment Net 30 days from invoice.
40% upon completion of fabrication, payment Net 30 days from invoice.
20% upon delivery to site, payment Net 30 days from invoice.
Validity: Offer valid until September 08th, 2012 (120 days)

Austin Engineering prides itself on being able to provide our customers with highest quality engineered
and manufacture products within the industry at a competitive price. Our commitment to support begins
with the design process, throughout the manufacturing, and after the sale support. Our mission at Austin
Engineering is to set the standard in our industry for design, manufacturing and support for customers.

We look forward to your valued order and serving your needs. If you have any questions concerning this
quote, please do not hesitate to call me at your earliest convenience.

Kindest Regards,

Tim Mitchell
General Manager
Austin Engineering Perú
timm@austineng.com.pe

Page 3 of 4
 AUSTIN ENGINEERING LTD
-COMPANY PROFILE-

Austin Engineering Ltd Is a Australian owned company that has been designing and manufacturing all
types of JEC buckets (Austin Engineering brand) for the last 20 years. Austin Engineering is currently the
largest manufacturer of mining buckets in Australia/Indonesia to their own designs as well as OEM
designs. The entire range of mineral application either stone / gold / nickel / copper/carbon handling all
kinds of material density are covered by the Austin Engineering JEC bucket range. Exclusive
arrangements exist between Austin Engineering and OEMs for manufacturing Bucyrus (includes Terex O
& K) and Hitachi. For Hitachi, Austin Engineering manufactures approximately 50% of all buckets for the
markets in Australia, Indonesia and Africa. In addition, Austin Engineering - Westech manufactures the
vast majority of buckets for the USA and Canada markets.

The development, engineering and analysis of our dipper designs was completed in Australia and our
design engineers have made the design such that all kinds of G.E.T.S. including those of Hensley, Esco,
Keech Castings or Bradken can be used. Below is a list of buckets for rope shovels, face shovels,
excavators and Wheel loaders that Austin Engineering has developed and sold globally.

Hitachi: EX1200, EX1900, EX2500, EX3600, EX5500, EX8000

Bucyrus: RH40, RH90, RH120, RH170, RH340, 495HD, 495HR, 495HF
Komatsu: PC1250, PC2000, PC3000, PC4000, PC5500, PC8000
Liebherr: R984, R992, R994, R996
P&H: 4100A, 4100XPB
Caterpillar: 966, 980, 988, 992, 994
Komatsu: WA500, WA600, WA800, WA900, WA1200
LeTourneau: L1450, L1850, L2350

Austin Engineering has manufactured more than 900 units of all types to the Austin design. This number
does not include buckets manufactured by Westech or those manufactures directly for OEM’s. Our
designs meet all the OEM specifications in term of weight, size, load, load potential etc etc. The
Engineering Department works with design software ProEngineer, Solidworks and ANSYS to create
analyse and produce manufacturing drawings for every product we manufacture. In addition to these
software programs, Austin Engineering is the only company in Peru that has utilices special flow
simulation software to acurately model loading and dumping cycles.

We have extensive experience working with contract mining companies such as Thiess, Leighton as well
as mining companies such as BHP Billiton, Rio Tinto, Anglo, Xstrata, Barrick, Peabody, Codelco, Teck,
Sumitomo, India Coal. Furthermore Auston Engineering works with OEMs and we have obtained
acreditation by these OEMs to manufacture their products direct.

Page 4 of 4