Lithium Gate: Alingete; AVZ had estimated at $10 million for 1%, the Cominiere sells at $2.2 million to Zijin, yes there was a sale
"La Cominiere paid $6 million to 2 firms, $7 million to a commissionaire and $2 million to executives" NEWSECONOMY Lithium Gate: Alingete; AVZ had estimated at $10 million for 1%, the Cominiere sells at $2.2 million to Zijin, yes there was a sale December 13, 2022 Kiki Kienge
By Kiki Kienge
Dathcom is a joint venture composed of three partners for the exploitation of lithium in Manono in Tanfanyika; AVZ of the Australians with 60%, Dathomir (belonging to a Chinese citizen, Simon Cong) 15% and the Congolese State with the Cominiere 25%, which gives the 100%. of Dathcom.
AVZ, which owns 60%, with the authorization of the Congolese State, had carried out studies for the valuation of deposits (valued at $75 million, spent in full by the Australian company). After the valuation study, AVZ had declared that 1% of Dathcom's capital was worth $10 million, all the partners of Dathcom, Dathomir and the Cominiere were served by AVZ for the price of US$10 million per percentage.
The Cominiere, which represents the Congolese State in Dathcom, without valid reasons by its leaders, decide to sell 15% of the shares in the lithium deposits of Manono, one of the richest in the world.
This decision is motivated by what, the IGF Inspector General, Jules Alingete, asks himself.
The reason for the sale of 15% of the shares of the Cominiere put forward by the company's managers was for the relaunch of the company's activities that was stagnating. Recall that the Cominiere was aware of AVZ's valuation study, which gave US $10 million for 1% of the shares, so the 15% was worth US$150 million.
Although the valuation study already exists, that of AVZ recommended by the Congolese State, which gives $10 million for 1%, the leaders of the Cominiere have used two other different firms to evaluate Dathcom's shares.
Strangely, the 2 firms give the same value to the comma, of $2,636,660 for 1%. What a coincidence that two firms without links all give the same evaluation figure?
Jules Alingete talks about the magic of planning the predation of the assets of the Congolese State.
Despite the valuation study of AVZ (serious people, according to the Inspector General of Finance) which gave $10 million for 1%, the Cominiere by the aval of the Ministry of the Portfolio sells 15% of the state's shares at only $2.2 million for 1%. So a total of US$33 million than the US$150 million of the value of the AVZ study, causing the Congolese taxpayer to lose the sum of $116 million.
According to the account statements in the possession of the IGF, the 33 million have disappeared from the Congolese state coffers.
On the expenditure of the 33 million that should be used to revive the company, the Cominiere defends itself as follows:
$6 million was paid to the two firms for their studies, which lost $7.8 million in the value of Dathcom's 1%.
$7 million paid to a commissioner who allegedly brought the buyer (the Chinese Zijin group).
$2 million for members of the Cominiere administration.
The rest was squandered, nothing would remain in the state's accounts according to the IGF report.
Government
Why the silence of the Ministry of Mines, because the sale of the state's mining assets, is also within its jurisdiction. Is there a conflict between the ministers of portfolio and mines?
The Ministry of Portfolio through its Minister, S. E. Had Adèle Kayinda given her authorization to the Cominiere for this sale of the 15% to the Chinese of Zijin, without consultation with her mining counterpart?
What about the silence of the Ministry of Finance, which should control and have the traces of the 33 million.
