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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
AKHAND RESOURCES LIMITED
2153,MUSENGA SITE AND SERVICE,MANSA,LUAPULA PROVINCE

Contract Number:
SAFAL/P/MANGANESE ORE/06/2025/33

Supplier's Ref/Order No:
SAFAL/P/MANGANESE ORE/06/2025/33

Dispatch Through:
Seller's Hired trucks

Dated:
16 Jun 2025

Mode/Terms of Payment:
100% Payment after receiving the quantity and upon testing at our lab.

Destination:
SAFAL Plant, Kanona

Delivery Period:
Immediate

Other Reference(s):

Terms of Delivery

Delivered at our Kanona Plant

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

Specifications: Mn : 40% Min, Fe : 5 % max,SiO2 : 12% max, Phos : 0.20% max,
Size: 10-100mm(90%)
16 Jun 2025 500 2070 MT 1,035,000.00
VAT 16% 16 % 165,600.00
Total 500 ZMW 1,200,600.00

E & O.E

Amount Chargable (in words)
Zambian Kwacha One Million Two Hundred Thousand Six Hundred

Remarks:
1. Prices: Mn 40-42% : ZMW 2070PMT, Mn 42-44% : ZMW 2173.50 PMT and Mn +44% : ZMW 2277 PMT. 2. Material will be tested at our lab and results declared as per our lab shall be final for payment. 3. Prorata price applicable if Mn is less than 40% 4. Material will be rejected if Mn is less than 38%. 5. PCC, MRT, loading charges, Council fee, weighscale expenses etc included and supplier should submit MRT payment receipt & schedule to buyer with out fail

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Authorised Signature