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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
Teodoro Limited
294, St. Bonaventure, Off Linda Road, Makeni, Plot 26284, Hillview Park, Kasama Road, Lusaka South

Contract Number:
SAFAL/P/MN ORE/03.20/2020

Supplier's Ref/Order No:
SAFAL/P/MN ORE/03.20/2020

Dispatch Through:
Buyer hired trucks

Dated:
13 Mar 2020

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

Destination:
Kanona plant

Delivery Period:
Immediate

Other Reference(s):
Final weight & analysis as per weighbridge & laboratory of SAFAL.

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 40-42% Min, SiO2 - 12% Max, Phos 0.16% Max, Size 10-100MM (95% Min)
Size: 10-80 MM (95% Min)
13 Mar 2020 30 550 MT 16,500.00
VAT 0% 0 % 0.00
Total 30 ZMW 16,500.00

E & O.E

Amount Chargable (in words)
Zambian Kwacha Sixteen Thousand Five Hundred

Remarks:
Price ranges - 36-38% - K450T | 38.10 to 40% - K500/T | 42-44% - K600/T

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Authorised Signature