another article from the togo press

Translated by Google Translate, it sounds like the Togo Press will be very suspicious if we win any part of the bid. Talks a lot about Deepak leaving the bid, and why we should still be in the process if the parties we put forward in Jan are not present now.

http://www.letogolais.com/article.html?nid=7623

-----------------------------------------------------
Phosphate carbonate in Togo: Opacity and suspicions ...

By Armand Adotevi As part of its program to revitalize the mining sector, the government of the Republic of Togo (West Africa) has opportunity, argues that the ore reserves of phosphate Togo have two layers of deposit: a first layer of exceptional quality during operation said layer furniture depleted and the other layer whose operation has not yet started called carbonate layer. The reserves of this second layer were estimated two (2) billion gross tons approximately. For the realization of operating the carbonate layer project, the Government of Togo launched in 2011, a call for expressions of interest in the search for a (sic) "Strategic Partner / Partner" for the operation of all or part of the carbonate layer with an output of at least five (5) million tonnes of phosphate by dealer year. This production up to ten (10) million tons per year to run and will be used in particular to supply a phosphoric acid plant. The "Strategic Partner / Associate" run, will require you to ensure the design, construction and operation of a complex fertilizer production including phosphoric acid for the production of five hundred thousand (500,000) tons per year . during the first operational phase Bidders to indicate in their offer if they are interested, either by operation of carbonated phosphate alone, or by the construction of the plant fertilizer alone, or both combined . Groups of companies are possible reserves under the sovereign appreciation of the Togolese government. According to the solicitation [Expression of Interest] issued by the Togolese government said it was (sic) "The candidate should be a major undertaking International operating in the mining sector and / or in the fertilizer sector with proven experience in the implementation of major mining projects and mining complex and / or operation of complex fertilizer production experience. It must demonstrate to the satisfaction of the institutions requested by the Department in the design of the new strategy that has adequate financial resources and may also raise funding or be pressed at any time by one or more institutions bank of international repute. Under the project the partner will lead the activities leading to the effective implementation of the project. " Expressions of interest must be submitted no later than January 26, 2012 It is under these conditions that the Australian company whose name socially Balamara Resources Limited, was included among the bidders in the form of a consortium grouping the one hand, Balamara Resources Limited, and secondly, Deepak Fertilizer and Petrochemicals Limited-. Yet by a [press release] dated April 16, 2013, the company's Australian right-Balamara Resources Limited, who formerly had the name social-Sultan-Resources Limited (name changed into an opportunity ... probably) in its announcement [press release ] that (sic) "-Deepak Fertilizer and Petrochemicals Limited-. Withdrew for reasons of its own consortium partners-Balamara Resources Limited-had gathered in his bid for the phosphate project in Togo. " For all those and all those who know nothing of zigzags moored to the management of the allocation file mining permit for the operation and production of carbonated phosphate in Togo and do not violate the law society Australian-Balamara Resources Limited, formerly known as Sultan-Resources Limited, was valued with band, cheerleaders and blare, its offer precisely the nodal point of reference that was in its offer, the presence of Major Deepak Fertilizer and Petrochemicals Limited-(international company operating in the fertilizer industry and having a Proven experience in the operation of complex fertilizer production) in respect of financial and strategic partner under the strategic and operational plan developed in case selection was supposed to recover the industrial aspect of the case, in relation to the production phosphoric acid and fertilizer attached to the operating license for the production of phosphate and carbonate being awarded, the withdrawal-Deepak Fertilizer and Petrochemicals Limited, significantly undermines the tender submitted-by-Balamara Resources Limited. Indeed with the withdrawal of the consortium-Deepak Fertilizer and Petrochemicals Limited, the Australian company law-Balamara Resources Limited, is de facto structurally demolished in the bid submitted by him in the hands of the Togolese authorities, yet she believes nevertheless be entitled to identify a new key partner for reconsolidation untimely and improvisation, the consortium collapsed, even though the deposit of its bid under seal, was finally officially recorded and a receipt evidencing such deposit to due date, it was issued. 's offer 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. As it stands, without removal of the supply-Balamara Resources Limited, the next award of operating licenses and production of carbonated phosphate for which the partnership right-Balamara Australian Resources Limited, has tendered by relying on the consortium, 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 significantly shaken and claims to desperately empty drawers. Therefore, the content of [press release] released 16 April 2013 by the Australian company law-Balamara Resources Limited-called by the Togolese government and particularly the Togolese Minister of Mines and Energy, accurate and supported the following questions: 1. Once 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 give supply maintained in the state? 2. Strategic financial and technical impacts, industrial, withdrawing-Deepak Fertilizer and Petrochemicals Limited, should they not be on the table and be an analysis and a rigorous and objective evaluation of the offer filed by-Balamara Resources Limited-? 3. 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 selected there would it not matter very surprised? 4. The procedure for receiving and filing tenders from being closed since January 26, 2012, how is it legally possible to obtain the substitution of a substantial element and / or a criterion previously established in a bid filed sealed and unopened? 5. As 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 Togolese State? The Togolese government would it not be well advised to provide comprehensive in Togo as well as international development finance institutions for failing to call for expressions of interest which is public answers, proceed Fireworks in a sham in that the management of this case award of operating licenses and carbonate production in Togo phosphate could be assessed as non-virtuous, impregnated opacity, suspicion of cartel, laborers, handling procedures call for expressions of interest, corruption and half-truths. (...) There is therefore dependent on the Togolese government, without procrastination, material and remove all doubt to rule on the legality of the proceedings. Armand Adotevi

------------------------------------------------