The latest misleading article circulating:
What about the COMMINIERE and its $150 million in shares (15%)? Autopsy of a two-speed expertise: A second documentary investigation by Géopolis
Byuser1Posted
December 12, 2022
The file of the purchase by the Chinese ZIJIN MINING COMPANY LIMITED of 15%, for more than US$33 million, of shares of the Congolese Mining (COMMINIERE SA) in DATHCOM MINING SA, a joint venture resulting from the partnership between the para-public, representing the State Portfolio, DATHOMIR and AVZ MINERALS LTD, the Australian company, continues Only revelations in revelations. At the end of a second documented investigation carried out by the Congolese media par excellence of natural resources Géopolis (Read on this subject for more information the articles "Lithon of Manono: Bradage, speculation or instrumentalization?
The truth of the facts. A documentary survey by the Editorial Board", "Lithium file of Manono: Speculators and multinationals looking for funding at the basis of the delay. Chief of Staff Clément Mushengezi sets out the opinion" and "Fire all wood to weaken: Cabal mounted and missed against Princess Adèle Kayinda", published in Géopolis Hebdo numbers 1398; 1397 and 1395), his writing came to the following conclusion: There is indeed manipulation and instrumentalization.
Indeed, long before ZIJIN MINING COMPANY LIMITED, AVZ Minerals had expressed its willingness to buy the 15% shares of COMMINIERE in the joint venture but at a lower price, $1 million per share, than that proposed by the first company mentioned above, USD 2 million per share. As proof, on October 02, 2022, the senior management of AVZ Minerals will write to the Minister of the Portfolio at the time, Mr. Clément Kuete Nymi Bemuna, with extension to the general management of COMMINIERE SA - Letter received on October 07 of the same year and archived under file number 04883 - with the subject "Request to request the purchase of the shares of COMINIERE SA in the company DATHCOM MINING SA".
"Excellence, Mr. Minister, I have the honor to address this to you, as a cover in apostille (...). Our partner COMINIERE SA had repeatedly requested advances on the doorstep and as for AVZ, it wanted to increase its participation in the Manono project in order to raise additional funds for the need for financing the company JV DATHCOM. To do this, I would like to present you with an offer that had already been presented to COMINIERE SA in Lubumbashi, including the correspondence in copy. AVZ had asked the Board of Directors of COMINIERE SA to review a
offer to buy for a 15% increase, based on a dollar stake
Americans 1 million (USD 1000,000) per %. AVZ was willing, and is still willing, to pay a certain lower tranche on this purchase offer in order to remedy the cash shortage of which we were informed." This is the excerpt from this official correspondence addressed to number 1 of the Portfolio. Following the recent change of Government and the suspension of the power of disposal of public representatives, AVZ Minerals had directly requested, through its Director General, the opportunity to organize a working meeting on the possibility of additional purchase of shares belonging to COMINIERE SA in DATHCOM. This is to allow it to raise enough funds necessary for the development of the MANONO project. An offer far lower than that presented by ZIJIN MINING COMPANY, which offered $2 million per share. Between 1 million (15 million) and 2 million (33 million) for the only two offers presented at the time, the choice was therefore clear. Information confirmed by Mr. Clément Mushengezi Cirhuza, the above Chief of Staff at the Ministry of the Portfolio, recently speaking on the antennas of the Congolese National Radio Television (RTNC). Where does the famous US$150 million come from? Who studied and estimated it in defiance of the law of supply and demand? How do you estimate the value of a share on the stock market? The amount was proposed by which company because the new mining code prohibits the sale of mining securities to natural persons? This is where the mystery lies on these unanswered questions.
It should be noted that the sale of COMMINIERE's shares in DATHCOM took place on October 21, 2022. The General Inspectorate of Finance, which is masterfully led by the Inspector General - Head of Service, Mr. Jules Alingete Key, was misled for nothing. Between AVZ Minerals and ZIJIN, who wanted to buy the shares of the COMMINIERE in DATHCOM at a low price to talk about selling?
Dieudonné Buanali
Well worth 12 minutes of your life.
