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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
Sonkolo Mines & General Dealers Limited
Suite No 2- Impala House, Chachacha Road, PO Box 30664, Lusaka, Zambia

Contract Number:
SAFAL/P/MN ORE/03.23/2020

Supplier's Ref/Order No:
SAFAL/P/MN ORE/03.23/2020

Dispatch Through:
Buyer hired trucks

Dated:
26 Mar 2020

Mode/Terms of Payment:
Weekly payment after testing at SAFAL lab through cheque or transfer

Destination:
Kanona plant

Delivery Period:
Immediate starting March 2020 end

Other Reference(s):
Prorate price to apply below 49% Mn

Terms of Delivery

Ex Mine loaded on trucks with documents - MRT INCLUSIVE

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

Specifications: Mn 49% and above, Phos 0.10%, Fe 2.0% SiO2 6.0%
Size: 20-100 MM (98%)
26 Mar 2020 1000 700 MT 700,000.00
VAT 0% 0 % 0.00
Total 1000 ZMW 700,000.00

E & O.E

Amount Chargable (in words)
Zambian Kwacha Seven Hundred Thousand

Remarks:
For start payment will be done weekly basis, gradually payments will be made fortnightly as volume increases.

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Authorised Signature