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Mines For Sale
Location: South Africa
Industry: Agriculture > Other Agriculture




Business Summary

There is a Gold mine in Limpopo with 2 prospecting rights and around a million tons reserve. There is also a 600,000 tons of dump with a mining permit and can be worked on immediately.

Re: Summary coal mine on offer in Ermelo.

A Summary of the assets of the Ermelo coal mine on offer must be seen as an indication of what the coal quantities might be and the assets:


Total Coal reserve in SITU - 115 Million tons minimum

The figures above are minimum conservative estimates at this time and must be seen as an indication and will be verified against the SAMREC reports and mining rights which are available. More boreholes can still be drilled on the rest of the farm to determine more coal.

For the 60% ownership, the asking price is $55 mil, negotiable.

Re: Contents of coal mines included in ths offer to purchase.

A Summary of the assets of the four mines involved was supplied by the executor of the estates and must be seen as an indication of what the coal quantities might be as follows:


A Grade Coal - 50 Million tons minimum

B Grade Coal - 50 Million tons minimum

Anthracite - 20 Million tons minimum

Rail siding at the mine.

The figures above are minimum conservative estimates at this time and must be seen as an indication and will be verified against the AMREC reports and mining rights.

A detailed list of all the assets belonging to the mines and all relevant information can be obtained if the offer of purchase is accepted.

N.B. gross revenue , cash flow, inventory and equipment figures inserted below are fictious, the actual figures will be given on request.


Financials

Asking Price Range:  > $35.0M
Gross Revenues:   $100
Cash Flow:   $100
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $100
Seller Financing:  Not Disclosed

About The Business

Year Established:  2005
Number of Employees:  > 200
Relocatable:  No
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale




Print Listing Id: 700160308
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Related Searches: Agriculture and Supplies  >  Farms  >  Other Agriculture  > 

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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