BMB 0.00% 2.5¢ balamara resources limited

togo news 26-08-2013, page-2

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    A Translation

    What is the allocation of the license market carbonated phosphate and phosphoric acid production process? Since the weakening of Balamara Resources, following the withdrawal of the consortium, Deepak Fertilizer and Petrochemicals Limited, one of its main partners and the opening of negotiations by the company with other partners of weight to compensate the lack of This super heavy weight, nothing filter. At least officially. But according to credible reports, the Minister would Dammipi Noupokou decided to entrust, if not all, some of his favorite project.

    Another example of opaque management of our resources. Instead of disqualifying the Australian company Balamara Resources in the record of the operation of carbonated phosphate in Togo, the mafia government of Faure and Co. says it rather a part of the project. | Photo: Exploitation of phosphate mining in southern Togo | Photo: Archives
    Another example of opaque management of our resources. Instead of disqualifying the Australian company Balamara Resources in the record of the operation of carbonated phosphate in Togo, the mafia government of Faure and Co. says it rather a part of the project. | Photo: Archives

    The information had created a shock wave of removal "for personal reasons" and "Deepak Fertilizer and Petrochemicals Limited" the consortium had Balamara Resources to remove the operating market carbonated phosphate production phosphoric acid. Because this made obsolete supply of this company which was far in the good graces of power.

    In fact, the supply of this "super candidate" to the license was based mainly on the technical and financial capabilities of the partner. Deepak Ferlilizer and Petrochemicals Limited is indeed a world-renowned company and a powerhouse in the fertilizer sector. Balamara who had dug a rare bird, had plenty touted his record and predicted that if selected, it would recover the industrial aspect of the case in relation to the production of phosphoric acid and fertilizers by the license exploitation and production of phosphate carbonate being awarded.

    The partner's withdrawal dealt a heavy blow to Balamara Resources who saw his chances plummet to zero. His offer to correct date and in a sealed envelope was also invalid. As noted in a reflection of a specialist named Armand Adotevi published on letogolais "with the withdrawal of the consortium - Deepak Fertilizer and Petrochemicals Limited, the Australian company - Balamara Resources Limited - is de facto structurally demolished in supply deposited by him in the hands of the Togolese authorities. "

    To believe this analyst, "the tender submitted by-Balamara Resources Limited, is even more fragile than the new partner she is currently seeking, out of time, is believed to exert a prominent role in the consortium, including with regard to all that concerns the operation of complex production of phosphoric acid, removal of production, implementation of industrial infrastructure and project financing. "

    He concludes, sententious, that "the state, without removing the supply of Balamara Resources Limited, the next award of operating licenses and production of phosphate carbonate to which the Australian company law-Balamara Resources Limited-a bid by relying on the consortium significantly, can not be assessed differently than flawed in that we are clearly in the presence of a call for expressions of interest in sham and a bidder shaken and claims to desperately empty drawers. "

    But this does not seem to be the opinion of the Togolese authorities. Against all odds, they seem determined to entrust part of the project Balamara Resources, despite the fact that the file no longer matches its terms of reference. It would also be a matter of political choice, a kind of false victory for the government is said to want to give the media that very soon to sound the alarm about the mafia project will award counter this huge market to Sultan Corporation today became Balamara Resources.

    So on what basis will they do? Although since the announcement of negotiations to "regularize" their situation, an operation legally questionable, in the opinion of experts, it has clearly not found a replacement in the size of Deepak. It is therefore right that the specialist Armand Adotevi in ??its reflection, asking this series of questions:
    1.When in the structural framework of the consortium put forward by the Australian company law-Balamara Resources Limited, in its capacity as agent for the solicitation of expressions of interest, has undergone a major upheaval, what credit can we now grant to offer the state maintained?
    2.The technical impacts, industrial, financial and strategic withdrawal of-Deepak Fertilizer and Petrochemicals Limited, should they not be on the table and be an analysis and an objective and rigorous assessment of the tender submitted by-Balamara Resources Limited-?
    3.The third bidders they are not entitled to require a reassessment of the supply of Australian company law-Balamara Resources Limited, and / or disqualification? Because if it turns out that, notwithstanding the foregoing, the company's Australian right-Balamara Resources Limited, was nevertheless not selected it would not matter very surprised?
    4.La approval procedure for submission of bids and the bidders being closed since January 26, 2012, how is it legally possible to obtain the substitution of a substantial element and / or a criterion previously specified in an offer filed, sealed and unopened?
    5.If the case of a public market, fair competition and transparency do not have to be observed with the utmost rigor by the sponsor of the call for expressions of interest in this case the State Togo?

    If we look more closely, the award even partial operation of the carbonate to phosphate Balamara Resources license be noted that a round of legal magic. But it also, the Togolese authorities are able.
 
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