An IGF report reveals the acquisition by AVZ of 60% of shares in violation of the JV Agreement in 2016, page-15

ALLOCATION TO EXTERNAL PARTNERS OF SOCIAL SHARES IN JOINT VENTURES WITHOUT ANY GUARANTEE OF CONSEQUENT FINANCIAL CONTRIBUTIONS

In spite of 75% of the shares, the DATHOMIR Partner was not able, despite everything, to mobilize the expected financing, but preferred, only two months after having benefited from the sale of 5% of the shares of COMINIERE S.A, sell 60% of the shares to AVZ International in violation of the provisions of the joint venture contract in its article 16 point (f) relating to its commitments and according to which, it could not sell its shares before the date of commercial production .

https://igf.gouv.cd/rapports/RAPPORT-SYNTHESE%20DE%20L%E2%80%99INSPECTION%20GENERALE%20DES%20FINANCES%20SUR%20LA%20GESTION%20DES%20ACTIFS%20MINIERS%20DE%20LA%20RDC%20PAR%20L%E2%80%99ENTREPRISE%20PUBLIQUE%20LA%20COMINIERE%20S.A/17