Search Here
Subscribe
godove media
nuco top site right 2

POSTMASBURG - DEVELOPMENT PROPERTY, INVESTMENT PROPERTY, MINING, PETROCHEMICAL, OIL & GAS

PUBLIC TENDER FOR 3000 HA PROPERTIES WITH MINING RIGHT, POSTMASBURG - THIS AUCTION HAS CLOSED

DESCRIPTION:

Public Tender for 3000 ha properties with mining right, Postmasburg
Web Reference: WEB25/0163
Pensfontein Mine, Postmasburg, Northern Cape. 2 adjacent farm portions of 3042 ha, mining right, and movable assets. Invitation to submit offers by way of public tender.
CLOSING DATE FOR SUBMISSION OF OFFERS: TUESDAY, 20 JANUARY 2026, 12:00
OFFERS TO BE HANDED IN AND OPENED AT:THE OFFICES OF VAN’S , 36 GEMSBOK STREET, KOEDOESPOORT INDUSTRIAL, PRETORIA
ON OFFER:
PROPERTIES: Remaining Extent & Remaining Extent of Portion 2 (Knoffel Fontein) of Farm Pens Fontein 449, Hay RD

FEATURES:

Joint Extent: 3 041,9624 ha
Land usage:
Houses & stores: 1,0000 ha
Natural grazing: 3040,9624 ha
Water & electricity:
3 boreholes & water pipe infrastructure
Storage pond equipped with pump
Electrical substation
Improvements: (± 1810m²)
2 x houses, cottage
6 x outbuildings
2 x stores
MINING RIGHT:
The mining right is attached to the properties
Exclusive right to mine, recover the minerals in, on and under the mining area for the holder’s benefit & account.
To deal with, remove & sell or otherwise dispose of the minerals, subject to the terms & conditions of this mining right, the provisions of the Mineral and Petroleum Resources Development Act, 2002 (Act 28 of 2022) and any other relevant law.
Effective commencement date of right: 28/7/2017
Duration of mining right: 30 years
Termination date if no further extension is sought: 27/7/2047
Mining right Protocol number & file reference: 417/2017 & 10026 MR
Minerals to be exploited: Iron Ore
Other mineral deposits present: Manganese Ore
Current operator: Small scale mining operation
Potential:Capability to produce 50 000 ton of iron p.m
Annual raw material production: ± 600 000 ton
Annual final extracted production: ± 108 000 ton
MOVABLE ASSETS: Workbenches, containers, enamel industrial lamp shades, steel storage racking, double axle trailer, trailer etc. Only listed assets are included. (Mining machinery, weighbridge & equipment are excluded).
FULL TENDER PACK AVAILABLE ON PAYMENT OF REQUIRED REGISTRATION FEE.

  • liquidity middle click
  • Royal Academy middle site right
  • PVA Banner
  • michael james site left bottom
  • South African Auction College
  • WH auctions site click right