Sultan Corporation Limited led by Australian businessman of Polish origin, Derek Lenartowicz, was introduced in Togo Togo Phosphates Ltd, a company incorporated in Togo with the Australian firm which is a partner. The eternal looters of the Republic, already thinking about their pockets, have dribbled officials Togo Phosphates by sending the SA Mineral Resources Mr. clan, Noupokou Dammipi, with Lenartowicz Australia. In fact, Faure Gnassingbe and his friends began negotiating directly with the Australian businessman and the market should be attributed to OTC as the Togolese authorities unfortunately know so well done. But after numerous accusations of the media, the minister has launched a mock tender which aimed ultimately to award the contract to Sultan Corporation Limited. We remember that a few days after the deadline for this tender, the company cheerfully announced that its management has won the Togolese phosphate market and, for a contract comical several centuries.
Later, the Bretton Woods institutions have focused on the case and have ordered Lome to do everything transparently. And that is what led the government to launch in December a new tender. Curious coincidence, Sultan Corporation changed its name to become in the wake Balamara Resources before sending the file. As if to say she is the potential bidder, this Australian company has published in April on its website that it was on the "short list" used for the international project of phosphate in Togo. An output that has elicited responses in most Togolese media.
It is there when AMI, in its issue 274 of 23 May 2012, reveals that the "thriller in phosphate carbonate remains unsolved". "The government still has not released the name of the mining company awarded the concession phosphate carbonate. The British Cabinet Bird & Bird, which advises the Togolese State, yet has already submitted its recommendations. Reportedly, Dammipi Noupokou, the Minister of Mines and Energy, with the support of Adji Otèth Ayassor his counterpart, Finance, has decided to move towards a common market allocation to the five companies (Indian, Chinese and Australian) on the short list. The idea is to give them each a mining permit that would make them partners in government, "says the online journal.
"It's a corrupt government. Among the five companies, Balamara Resources, the darling of the Government, will certainly the lion's share and the other will just fry menus. By doing so, he believes he escapes criticism from those who think he has secret agreements with the Australian company. In addition, it is not excluded that Faure Gnassingbe and his friends already have shares in Balamara Resources, "said one economist.
To no longer experience a situation similar to that of the Togolese Phosphate Office (PTO) and then became IFG SNPT (New Society phosphates), it is fitting that the award of phosphate carbonate to bring transparency. Strongly that the World Bank and IMF are following this issue closely
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