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Optimum Coal Mine (Pty) Ltd, Koornfontein Mines (Pty) Ltd & Optimum Coal Terminal (Pty) Ltd. All In Business Rescue

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By order of the joint business rescue practitioners
Invitation to submit offers: sale of share and/or assets for: Optimum Coal Mine (Pty) Ltd, Koornfontein Mines (Pty) Ltd & Optimum Coal terminal (Pty) Ltd
Invitation to offer Post Commencement Finance (PCF)
Aperçu:
We hereby invite interested parties to submit offers for:

1. Optimum Coal Mine (Pty) Ltd (in business rescue) for the sale of assets. Located in the Mpumalanga province.  OCM has open cast strip and underground sections. OCM owns 8 draglines, 2 processing plant, 1 railway siding, 1 rapid load out facility, 15 ML/day water reclamation plant. Life of mine is 2030+. Including resources, properties and related licenses. Invitation to offer PCF

2. Koornfontein Mines (Pty) Ltd (in business rescue) for the sale of assets and sale of shares in-line with the RBCT shareholders agreement. Located in the Mpumalanga province. KFM has a 1.5mt/PA export allocation. It has underground operations, 3 processing plants, 2 railway sidings, rapid load out facility. Life of mine is 2030+. Including resources, properties and related licenses. Invitation to offer PCF

3. Optimum Coal Terminal (Pty( Ltd (in business rescue) for the sale of shares in-line with the RBCT shareholders agreement. 6.5mt/PA export allocation.

Interested parties are to refer to the Introduction letter and Vetting Requirements available in the downloadable section.

Kindly make contact with John Taylor should you require further information.

Avis aux acheteurs:
Frais de vente:: 0%   
  • As per bid documents

    TVA: 15%
    Visites: Strictly by appointment only
    Type de paiement: Wire Transfer,
  • Payment date: As per details in the Offer To Purchase document. Avaialble in the data room
  • Equipment removal date: Not applicable

    Autres renseignements: This auction is governed by the Consumer Protection Act – Act 68 of 2008 (South Africa), and further reference to the Act and the regulations can be downloaded here.
    Consumer Protection Act 68 of 2008
    Consumer Protection Act 68 of 2008 - Regulations

    The Bidders attention is drawn to the following:

    • The Rules of Auction can be found under the downloadable documents tab
    • The assets will be sold “Voetstoots” and on “AS IS – WHERE IS” condition. It is the buyer’s responsibility to perform an inspection of the assets prior to the auction.
    • The Sale of the assets is non-suspensive and not subject to any feasibility or any other condition required by the buyer.

    The Sale by auction is subject to

    • A reserve or upset price
    • All prospective bidders must register prior to the auction and such registration requires proof of identity and residence (FICA) as contemplated in regulation 26;
    • A refundable deposit may be payable by a bank guaranteed cheque or Electronic Fund Transfer (EFT). Kindly provide proof of deposit.
    • The auctioneer may bid for any lot or lots offered for sale at the Auction on behalf of third parties
    • The Auctioneer may bid for any lot or lots offered for sale at the Auction on behalf of seller but, if on behalf of the seller, not at or in excess of the reserve price
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    Devise: South Africa Rand
    Société de Vente: GoIndustry DoveBid S.A. (Pty) Ltd.
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    Catalogue des lots
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    Informations sur l'événement
    Lieu: Mpumalanga and KwaZulu-Natal, South Africa
    Recherche démarée: 26 Juil. 2019 04:00 PDT
    Date et heure limite de soumission des offres: 26 Juil. 2019 04:00 PDT
    Coordonnées
    Contact: John Taylor
    Pays: Afrique-du-Sud
    Téléphone: +27 824163883
    Emballage et Transport
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