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Purchase Contract

Invoice To
Southern Africa Ferro Alloys Ltd.
Plot 397A/D, Makeni Area Road, Off Kafue Road, P.O Box 50854, Lusaka, Zambia

Dispatch To
Southern Africa Ferro Alloys Ltd.
Plot 397A/D, Makeni Area Road, Off Kafue Road, P.O Box 50854, Lusaka, Zambia

Supplier
VITUMBO INVESTMENTS LIMITED
1956/10, LUSAKA WEST, MUNGWI ROAD

Contract Number:
SAFAL/P/MANGANESE ORE/09/2024/75

Supplier's Ref/Order No:
SAFAL/P/MANGANESE ORE/09/2024/75

Dispatch Through:
Buyer's hired trucks

Dated:
26 Sep 2024

Mode/Terms of Payment:
100% Payment for every 100MT or 3 trucks load despatched to our plant and upon testing at our lab. Prorata price applicable if Mn is less than 45%

Destination:
SAFAL Plant, Kanona

Delivery Period:
By 30.10.24

Other Reference(s):
Each truck to have mining license copy, Police clearance & council receipt

Terms of Delivery

Ex Mansa Mine

Sr. No Description of Work Due Date Quantity Rate Unit Amount
1 Manganese Ore

Specifications: Mn 45% , Fe < 4%, SiO2 <12% Al2O3 <5% Phos <0.15%
Size: 10-200mm(90% min)
26 Sep 2024 1000 80 MT 80,000.00
VAT 16% 16 % 12,800.00
Total 1000 USD 92,800.00

E & O.E

Amount Chargable (in words)
US Dollar Ninety-two Thousand Eight Hundred

Remarks:
1) Supplier to arrange loading of trucks, council levy, police report, mines report. Loading and weighment charges to seller's account. 2) Price is inclusive of Mineral Royalty Tax- supplier shall submit proof of MRT payment to the buyer on monthly basis

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Authorised Signature