RFQ Description
without prejudice OFFER TO TAKE OVER THE CONCESSION FOR THE MINING OF SAND AT THE INTENDED SAND MINES WITH COVERAGE AREA 103 ACRES, MUKIM JORAK, PAGOH, and MUAR JOHOR. With reference to the above they given the Power Of Attorney (PA) and awarded Concession to develop the sand mines for the LOTs PTD 14281, PTD 14282, PTD 14283, PTD 14283, PTD 14284, PTD 14285, PTD 14286, PTD 14286, PTD 14287, PTD 14288, PTD 14289, PTD 14289, PTD 14290, PTD 14291, PTD 14292, PTD 14293, PTD 14294, PTD 14295, PTD 14296, PTD 14297, PTD 14298, PTD 14299, PTD 14300, PTD 14301, PTD 14302, PTD 14303, PTD 14304, PTD 14305, PTD 14306, PTD 14307,PTD 14308, PTD 14309, PTD 14310, PTD 14311, PTD 14312, PTD 14313, PTD 14314, PTD 14315, PTD 14316, PTD 14317, PTD 14318, PTD 14319, PTD 14320, PTD 14321, PTD 14322, PTD 14323, PTD 14324, PTD 14325, PTD 14326 and PTD 14342 a). For this purpose partial clearing and levelling was done and the permit for mining has already been obtained. Mining has partially initiated with ready stockpile of approximately 30,000 metric tons. It is estimated that this mine will last not least than 20 years before the final fold is extracted. However funds are exhausted to further develop the area. ?to agree for potential companies to take over the concession for the mining of sand on the said property with a fund of RM 45 million (Ringgit Malaysia Forty Five Million Only) and a royalty of RM1.00 for every tonnage extracted. Mode of payments: Upon Letter of Intent an agreeable two percent (2%) earnest made payable of the total value of RM 45 million (Ringgit Malaysia Forty Five Million Only) ?alance of eight percent (8%) of the purchase price upon signing the Contract and Agreement and the balance ninety percent (90%) to be paid accordance with the terms and condition as stipulated in the said Contract and Agreement. ?le with (a) and (b), above, a copy of a Related Documents pertaining to Contract and Agreement which contains all information of both parties are to be handed to the authorized lawyers We require Principle’s Letter Of Intent (on the Company Letterhead) to confirm Principle’s interest. This offer is open on First Come First Serve’. ? Intent (LOI) so we can expedite the Contract
