Days are numbered. Pretty embarressing for the government to lose his shit in a public forum. (Apologies if already posted)
DRC Africa Battery Metals Forum: Célestin Kibeya reframes Serge Ngandu on the Manono lithium file – AVZ never had 75% of the shares in DATHCOM in liquidation
https://geopolismagazine.net/drc-af...eu-75-des-parts-dans-dathcom-en-liquidation/#
The creation of a battery metal value chain will help Africa in general and the Democratic Republic of Congo (DRC) achieve its long-term vision. To achieve the African Union Agenda 2063 of creating “the Africa we want”, it is important that the continent commits to creating a battery metals value chain. As one of the leading producers
global battery metals including cobalt and very soon lithium from Manono, the DRC is the key to realizing this vision. On Wednesday, September 20, around 1 p.m. Kinshasa time, during the session dedicated to stakeholder interventions entitled “What you need to know about the batteries and metals industry”, Mr. Serge Ngandu, Director of Corporate Affairs of AVZ Minerals RDC, presenting the project to the audience, declared, regarding the Manono lithium project, that “discussions are very advanced with the Government of the DRC today on this very sustainable project, economically profitable with a clear vision on clean energy and community development.” And continued: “AVZ is committed to developing the Manono project according to the highest ESG standards and becoming a significant contributor to the global lithium-ion battery value chain. ”
Before this exercise, Mr. Serge Ngandu had started by presenting the DATHCOM MINING SA project to the investors present in the room but unfortunately, he had expressly talked about the para-public COMINIERE SA.
An attitude which provoked the anger of Célestin Kibeya Kabemba, formerly its General Director present in the Capitol of the Kin Plazza by Rotana hotel like all the other partners, investors, experts and researchers interested in this mega project.
Taking the first floor in the part devoted to the question and answer game, the boss of COMINIERE SA promptly asked (demanded) the Director of Corporate Affairs of AVZ to correct his remarks and above all, not to ignore the existence of COMINIERE SA as representative of the interests of the Congolese State in the Manono project. Before asserting that DATHCOM has already been legally dissolved. The same applies to the termination of the Joint Venture contract between AVZ and DATHCOM MINING SA, which is in the process of being liquidated for the benefit of COMINIERE SA since April 4, 2023. But unfortunately, maintains the CEO Célestin Kibeya, M Serge Ngandu hid this today from the participants of the DRC Africa Battery Metals Forum. “AVZ never had 75% of the shares in DATHCOM MINING SA,” he insisted.
It should be noted that Congolaise de l'exploitation minière, acronym COMINIERE SA, is a limited commercial company under OHADA business law. It is a young company created on April 12, 2010 following the decision of the General Assembly of shareholders namely, the Ministry of the Portfolio and the National Institute of Social Security (INSS), currently the National Social Security Fund (CNSS) . The share capital of COMINIERE SA is 90% held by the Congolese State through the Ministry of Portfolio and 10% by the CNSS.
Dieudonné Buanali
