Best Group (T} Ltd and Aucor under the firm instruction of BULYANHULU GOLD MINE LIMITED will conduct a live public auction of redundant and surplus equipment’s on Saturday 3 day of September, 2022 from 10:30 A.M, at Bulyanhulu Gold
Mine as described in the table below:
ITEMS TO BE AUCTIONED
Brand new Sandvik, Boart Longyear, Toyota & Other Parts. Non Running Mining Fleet: Sanvik Drill Rigs, LHD’s, Busses, Volvo Tipper trucks and scraps etc
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 30 August to 01 September 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 per cent (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 |.D 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.
15. 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 and Forwarding 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. a
18. The auction will be alive public auction and other online bidders will also be allowed to participate in the auction.
For any clarification contact: nN
Best Group(T) Ltd Jakoef Jacobs
Postal Address: 1088 DAR ES SALAAM Aucor Mining
Email Adress: [email protected] Mobile: +278 2444 4088
Mobile No.: +255 715363537 or +255758265509 Email: [email protected]
