Dave Evans
Regular
19/04/2024
Lithium: the intriguing transformation of $ 70 million from Zijin Mining to an NGO
As part of its partnership with La Comminière, a subsidiary of the Chinese mining Zijin paid an important contribution to a mysterious Congolese NGO, whose president is himself a public company administrator.
The counterparts of the deal on manono lithium between the Chinese giant Zijin Mining Group and the Comminière public enterprise agitate the small business world in the province of Tanganyika, where one wonders about the methods of a payment of 70 millions of dollars. This was carried out by one of the subsidiaries of Zijin, Jinxiang Lithium, to an NGO recorded in 2020 with the Congolese authorities, called the shield.
In its statement announcing the deal, Zijin Mining mentioned a contribution of $ 70 million "to support humanitarian aid efforts in the northeast and eastern DRC". The envelope was allocated in its entirety to the shield. Its president, Jean-David E'ngazi, worked for a long time in Canada, where he presents himself as the president of the Congolese community in Montreal. He returned to 2020 in the DRC, where he became a member of the Economic and Social Council.
Above all, Jean-David E'ngazi joined the Common Board of Directors in September 2023, a few weeks before the public company concretizes its deal with Zijin. An appointment which he owes to the new president of the board of directors, Lisette Kabanga Tshibwabwa. Member of the Union for Democracy and Social Progress (UDPS, the party of President Félix Tshisekedi), the latter took the lead in the comine in August 2023 after having officiated as director of Jean-Claude Bukasa, ex-interim special advisor responsible for security issues.
"Brading" of mining active ingredients
Lisette Kabanga, who also creeps a senator's armchair in the elections scheduled for April 21, played a key role in bringing the comicine with Zijin Mining Group. And this, well before they are appointed president of the board of directors. As Africa Intelligence had revealed (AI Du13/12/22), his company Focus Plaidoirie had worked in the sale in 2021 in Zijin of the shares held by the comine in a joint venture intended to exploit the deposit of Manono. An operation described as a "sale" of the company's mining assets in a report by the General Inspectorate of Finance (IGF). Lisette Kabanga had perceived for this work a remuneration of $ 1.6 million.
Contacted by Africa Intelligence, Neither Lisette Kabanga ni Jean-David E'ngazi wanted to follow up on our requests, in particular concerning the use of funds paid at the end of 2023 to the shield by Zijin. The $ 70 million first landed at the end of November on the account of a bank whose identity remains questionable. However, it appears that this account has been the subject of many disbursements: a few weeks later, the balance, or 40 million dollars, was transferred to another account of the NGO at EquityBCDC.
www.africaintelligence.com
20/04/2024
Outcast
@Outcast_North
Jean-David E'ngazi was involved in 2015 Panama Papers Scandal (see picture) & was briefly jailed during Kabila regime before fleeing to Montrael, Canada. Jean used a Shell company in a Tax Haven (picture) to route his money laundering operation via the #DRC "NGO Le Bouclier" $AVZ
x.com
04/05/2024
Mining in DRC
Moïse Katumbi, a prominent Congolese opposition figure and former governor of Katanga, has raised concerns about a corruption scandal involving the public mining company COMINIERE and a mysterious Congolese NGO in the lithium exploitation project in Manono with Australian firm AVZ.
According to Katumbi, after the sale of shares in COMINIERE, a significant sum of $70 million was transferred to the accounts of an NGO, whose president is an administrator of the public company. He highlighted that $40 million of this amount mysteriously disappeared.
Katumbi implicated a Chinese subsidiary of Zijin Mining Group in the bribery scheme and criticized the neglect of justice and transparency institutions like the Extractive Industries Transparency Initiative (EITI) in addressing the issue.
Expressing concern for the well-being of the Congolese people, especially those in the East, Katumbi urged an end to the “shameful looting” of resources and demanded accountability to secure the future for the country’s children.
This accusation of corruption adds to a series of scandals tarnishing President Félix Tshisekedi’s governance. Katumbi, with presidential ambitions, called for national mobilization against corruption and impunity.
Notably, COMINIERE has faced accusations of favoring the Chinese group Zijin Mining Group over the lithium project in Manono, despite hopes raised by AVZ Mineral Limited’s initiative within the local community.
SOURCE:mines-cd.
Moïse Katumbi Exposes Corruption Scandal in Congolese Mining Sector - Copperbelt Katanga Mining
copperbeltkatangamining.com
Lithium: the intriguing transformation of $ 70 million from Zijin Mining to an NGO
As part of its partnership with La Comminière, a subsidiary of the Chinese mining Zijin paid an important contribution to a mysterious Congolese NGO, whose president is himself a public company administrator.
The counterparts of the deal on manono lithium between the Chinese giant Zijin Mining Group and the Comminière public enterprise agitate the small business world in the province of Tanganyika, where one wonders about the methods of a payment of 70 millions of dollars. This was carried out by one of the subsidiaries of Zijin, Jinxiang Lithium, to an NGO recorded in 2020 with the Congolese authorities, called the shield.
In its statement announcing the deal, Zijin Mining mentioned a contribution of $ 70 million "to support humanitarian aid efforts in the northeast and eastern DRC". The envelope was allocated in its entirety to the shield. Its president, Jean-David E'ngazi, worked for a long time in Canada, where he presents himself as the president of the Congolese community in Montreal. He returned to 2020 in the DRC, where he became a member of the Economic and Social Council.
Above all, Jean-David E'ngazi joined the Common Board of Directors in September 2023, a few weeks before the public company concretizes its deal with Zijin. An appointment which he owes to the new president of the board of directors, Lisette Kabanga Tshibwabwa. Member of the Union for Democracy and Social Progress (UDPS, the party of President Félix Tshisekedi), the latter took the lead in the comine in August 2023 after having officiated as director of Jean-Claude Bukasa, ex-interim special advisor responsible for security issues.
"Brading" of mining active ingredients
Lisette Kabanga, who also creeps a senator's armchair in the elections scheduled for April 21, played a key role in bringing the comicine with Zijin Mining Group. And this, well before they are appointed president of the board of directors. As Africa Intelligence had revealed (AI Du13/12/22), his company Focus Plaidoirie had worked in the sale in 2021 in Zijin of the shares held by the comine in a joint venture intended to exploit the deposit of Manono. An operation described as a "sale" of the company's mining assets in a report by the General Inspectorate of Finance (IGF). Lisette Kabanga had perceived for this work a remuneration of $ 1.6 million.
Contacted by Africa Intelligence, Neither Lisette Kabanga ni Jean-David E'ngazi wanted to follow up on our requests, in particular concerning the use of funds paid at the end of 2023 to the shield by Zijin. The $ 70 million first landed at the end of November on the account of a bank whose identity remains questionable. However, it appears that this account has been the subject of many disbursements: a few weeks later, the balance, or 40 million dollars, was transferred to another account of the NGO at EquityBCDC.
DRC : Zijin Mining pays $70m to mysterious Congolese NGO - 19/04/2024 - Africa Intelligence
A subsidiary of Chinese miner Zijin has, via its joint venture with Congolese state-owned Cominière, paid a substantial sum to an NGO whose president also sits on the board of the state-owned company. - 4/19/2024
20/04/2024
Outcast
@Outcast_North
Jean-David E'ngazi was involved in 2015 Panama Papers Scandal (see picture) & was briefly jailed during Kabila regime before fleeing to Montrael, Canada. Jean used a Shell company in a Tax Haven (picture) to route his money laundering operation via the #DRC "NGO Le Bouclier" $AVZ
x.com
x.com
04/05/2024
Mining in DRC
MOÏSE KATUMBI EXPOSES CORRUPTION SCANDAL IN CONGOLESE MINING SECTOR
MAY 3, 2024 CONSTANCEMoïse Katumbi, a prominent Congolese opposition figure and former governor of Katanga, has raised concerns about a corruption scandal involving the public mining company COMINIERE and a mysterious Congolese NGO in the lithium exploitation project in Manono with Australian firm AVZ.
According to Katumbi, after the sale of shares in COMINIERE, a significant sum of $70 million was transferred to the accounts of an NGO, whose president is an administrator of the public company. He highlighted that $40 million of this amount mysteriously disappeared.
Katumbi implicated a Chinese subsidiary of Zijin Mining Group in the bribery scheme and criticized the neglect of justice and transparency institutions like the Extractive Industries Transparency Initiative (EITI) in addressing the issue.
Expressing concern for the well-being of the Congolese people, especially those in the East, Katumbi urged an end to the “shameful looting” of resources and demanded accountability to secure the future for the country’s children.
This accusation of corruption adds to a series of scandals tarnishing President Félix Tshisekedi’s governance. Katumbi, with presidential ambitions, called for national mobilization against corruption and impunity.
Notably, COMINIERE has faced accusations of favoring the Chinese group Zijin Mining Group over the lithium project in Manono, despite hopes raised by AVZ Mineral Limited’s initiative within the local community.
SOURCE:mines-cd.
Moïse Katumbi Exposes Corruption Scandal in Congolese Mining Sector - Copperbelt Katanga Mining
copperbeltkatangamining.com
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