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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
DING CHENG INVESTMENT LTD
PLOT NO 197A,KASUPE ROAD,LUSAKA WEST ,LUSAKA

Contract Number:
SAFAL/P/MANGANESE ORE/05/2023/1

Supplier's Ref/Order No:
SAFAL/P/MANGANESE ORE/05/2023/1

Dispatch Through:
BUYER HIRED TRUCKS

Dated:
15 May 2023

Mode/Terms of Payment:
Upon delivery at SAFAL plant and testing of the material and payment within 48 hours after receiving the invoice.

Destination:
SAFAL PLANT KANONA

Delivery Period:
IMMEDIATE

Other Reference(s):
MRT EXCLUSIVE OF PRICE.

Terms of Delivery

EX MINE IMPIKA TO BE DELIVERED BY 31 ST MAY 2023

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

Specifications: MN MIN 40-44%,PHOS SHOULD BE LESS THEN 0.17 %,SIO2 SHOULD BE LESS THEN 15%. FE AND AL203 SHOULD BE LESS THEN 5%.
Size: 10-90MM(MIN 90%)
15 May 2023 2000 75 MT 150,000.00
VAT 16% 16 % 24,000.00
Total 2000 USD 174,000.00

E & O.E

Amount Chargable (in words)
US Dollar One Hundred Seventy-four Thousand

Remarks:
1 ALL TRUCKS SHOULD ACCOMPANY MINING LICENCE COPY,COUNCIL RECEIPTS AND MANGANESE CLERANCE. 2 DOCUMENTS CHARGES LIKE COUNCIL FEES COST AND TRUCK LEVY IF ANY WILL BORNE BY DINCHENG INVESTMENT LTD.

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Authorised Signature