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Auction: Chrome Mine With 30+ Years of Lom


Property Description

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

Basic Details
Property Type : Movables
Auction ID : 1303
Date : Auction: 22 April at 11:00am
Auction Date : 22/04/2021 08:00:00
Address Map
Country : South Africa
Province : GAU
Longitude : E28° 6' 44.2''
Latitude : S27° 43' 45.3''
  • Auction ID : 1303
  • Visits : 710 in 20 days
Agent info
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