2 years ago

Opportunity Issue 96

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Opportunity, endorsed by the South African Chamber of Commerce and Industry (SACCI) is the mouthpiece for business in Southern Africa. The aim of the publication is to inform potential investors both nationally and internationally of the most relevant business news: trade, investment, financial, market-related information for each business sector, as well as to inform of the latest developments in business legislation from both the public and private sector.


AUCTION INVITATION TO BID HORIZON CHROME MINE (PTY) LTD (IN BUSINESS RESCUE) PLANT AND THE MINING RIGHTS BELONGING TO HORIZON CHROME MINE (PTY) LTD ADDRESS: 45 KOORNHOF STREET, MEADOWDALE 45 KOORNHOF STREET CC (IN LIQUIDATION) MASTER REFERENCE: G205/17 SIALE ENTERPRISES CC (IN LIQUIDATION) MASTER REFERENCE: G204/17 THE FOLLOWING WILL BE AVAILABLE AS A GOING CONCERN: A) MOVABLE PROPERTY CONSISTING OF THE EXISTING PLANT B) THE MINING RIGHTS Terms and conditions: A) Terms and conditions, as well as the sale agreement can be obtained from; B) To obtain information the following is required: • An amount of R10 000 must be paid to Bidders Choice; • Relevant Resolutions; • FICA Documents; (The above must be send to ) C) 3% (Three Percent) Buyers commission plus VAT payable. FOR ENQUIRIES CONTACT The BRP’s reserve the right not to accept the highest or any other offer

1. Horizon Chrome Mine is situated on the Ruighoek Section of the Critical Zone of the Bushveld Complex, west of the Pilanesberg National Park. 2. Horizon was last in production in December 2019. 3. Numerous chromitite layers of the Critical Zone are present in Horizon’s stratigraphy. 4. Geologically, Horizon should be suitable for mining of the LG6 chromitite layer again in the future. 5. Horizon falls in a rural part of the Northwest Province. 6. On a regional scale, Horizon lies in an open plane, roughly 13km wide, between the Pilanesberg Mountains to the east, and the watershed between the Marico River Catchment and the Crocodile River Catchment to the west. 7. Within this plane are intermittent smaller ridges that follow the north-north east strike of the Bushveld Complex layering in this area. 8. Horizon Mine is located on the southern portion of one such a ridge formed by the Lower Critical Zone of the Rustenburg Layered Suite.

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