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Chrome Mine With 30+ Years of LOM

April 22 @ 11:00 am - 3:00 pm

Horizon Chrome Mine (Pty) Ltd (In Business Rescue) Company Reg. Number: 2015/057037/07

Auction Date & Time: 22 April 2021 at 11h00

The Following Will Be Available as A Going Concern:

A) Movable Property Consisting of The Existing Plant
• Fully developed underground infrastructure • Wash plant with integrated foundry circuit

B) The Mining Rights
• LG 6 Chrome seam with 43% Cr203 in situ • Additional underground and open cast potential

Terms and conditions
A) To have access to the data room the following is required:
• An amount of R10 000 must be paid to Bidders Choice.
• Relevant Resolutions.
• FICA Documents.
• NDA to be signed.
(The above must be sent to helen@bidderschoice.co.za)

B) To qualify to take part in the auction all offerors must deposit an amount of R10m into their respective attorney’s trust account.
C) Written confirmation of the above must be sent to the auctioneer by no later than 16H00 on the 19th of April 2021 with confirmation that funds are earmarked and utilized as deposit for this transaction.
D) The above and the balance of 10% deposit must be paid into the BRP’s trust account within 48 hours after confirmation.
E) 3% (Three Percent) Buyers commission plus VAT payable on confirmation

Contact: pg@bidderschoice.co.za / 082 808 1801


April 22
11:00 am - 3:00 pm
Event Category:


Bidders Choice