Best Group(T)Ltd

AUCTION OF SCRAP EQUIPMENT’S

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Best Group(T)Ltd under the firm instruction of BULYANHULU GOLD MINE LIMITED will conduct a public auction of scrap equipment’s on Saturday 13 day of August, 2022 from 10:30 A.M, at Bulyanhulu Gold Mine as described in the table below:

ITEMS TO BE AUCTIONED

L706 LHD, L707 LHD, L709 LHD, LHD325 LHD, LH9 LONGHOLE, HT12 VOLVO WATER CART, T72 TH540, UJ201 SINGLE BOOM, JT7 SINGLE BOOM, J23 SINGLE BOOM, J24 SINGLE BOOM, J27 SINGLE BOOM, J30 SINGLE BOOM, J33 SINGLE BOOM, J37 SINGLE BOOM, UTV39 SCISSOR LIFT. ETC TRAINING ROOM CHASSIS, LV339 HILUX, T837CCS MERCEDES AMBULANCE, BUS 18 COASTER BUS AND SCRAPERS

TERMS AND CONDITIONS OF AUCTION:

1. Participants should adhere with all safety requirements and standards of Bulyanhulu Gold Mine including wearing of mask, reflectors and safety boats.

2. That interested customers are invited to visit the site for viewing and inspecting items from Thursday 1] – to Friday 12 day of August 2022 from 10:00 A.M up to 4:00 P.M.

3. Purchasers shall pay exempted tax items to the Tanzania Revenue Authority. TRA officers will be present for clarification and guidance.

4.That the purchaser participation is subject to payment of entrance fees which is refundable to his/her account if will not purchase any items.

5. The entrance fees will be TZS 10,000,000/=(Tanzania Shillings Ten Million) per each participant and will be issued with special entrance card.

6. All payments including the entrance fees will be paid through the following bank account.

Account 100542044

Account Name – BULYANHULU GOLD MINE LTD

Bank Name – Citibank Tanzania LTD

Routine Code – 670801

7. The highest bidder will pay a non-refundable deposit of twenty-five percent (25%) of the bid price which shall be paid at the end of auction and the balance of seventy-five percent (75%) shall be paid within four days after the sale.

8. Where the balance of seventy-five percent (75%)is not paid as specified, the bid shall lapse and the lot in respect of which the balance is outstanding shall be reoffered for sale

9. The Seller shall not give warranty on the quality, quantity, packaging condition or any other particulars of the assets / goods offered for sale as such an item is auctioned AS-IS and thus request for replacement or refund shall not be accepted

10. Goods purchased at an auction shall be removed from the warehouse/yard within ten (10) days and where the purchaser fails to remove the goods, he or she shall be liable to pay the warehouse rent and any other charges with effect from the date of sale up to the date of removal.

11. Where the purchased assets/goods are not removed from the warehouse/yard, they may be re-offered for sale upon expiration of time for removing items.

12. If the winner fails to pay within the prescribed time above, he/she will be blacklisted as a defaulter.

13. For claiming items, the winner shall present: a) A valid copy of paid payment bill and bank receipt b) Power of attorney in case owner sends representative c} Provide proper identification such as Passport, National ID or valid Driver’s license. d) TRA confirmation release documents to confirm payments of tax e). Third party claims shall not be entertained.

14. Sellers reserves the right to cancel/withdrawal the auction at any time, when need be, in accordance with the laws, rules and regulations governing the auction process

18. Bidders are strictly warned of any malpractice which includes but not limited to feeding wrong information failing to pay bid amount upon winning the bid within the prescribed period. Failure to abide to this condition infringes the Economic and Organized Crime Control Act. Cap 200 and it amount to serious offense.

16, Terms and Conditions of this auction are to be carefully considered by an interested person before registration.

17. Bidders are advised to use registered tax consultants, Clearing Agents and Logistic Companies in transporting abnormal luggage, the auctioneers may recommend or assist to get the service providers upon request by the purchaser but exempted from any liability on their contractual obligations.

For any clarification contact:

 Best Group (T) Ltd z

Postal Address: 1088 DAR ES SALAAM &

Email Address: [email protected] s

Mobile No.: +255 715363537 or +255758265509 “

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