AVZ 0.00% 78.0¢ avz minerals limited

Translated:The sale of COMINIERE's 15% shares in DATHCOM Mining...

  1. 173 Posts.
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    Translated:

    The sale of COMINIERE's 15% shares in DATHCOM Mining to ZIJIN Mining was carried out in violation of the legal provisions on the disengagement of the State of Portfolio companies and caused, in view of the fate assessments in the feasibility study, a significant shortfall for the Public Treasury valued at USD 116,560,000.00 (Dollars Americans one hundred and sixteen million five hundred and sixty thousand). It was a real sell-off of the mining assets of the State for which you are responsible;

    2. The total amount of proceeds from the sale of the 15% of the shares, which amounts to USD 33.440.000,00 (US dollars thirty-three million four hundred and forty thousand), you have already used about USD 6,800,000.00 (US Dollars six million eight hundred thousand) for operating needs to the detriment of productive investments including USD 5,438,198.00 (US dollars five million four hundred and thirty-eight thousand one hundred and four- twenty-eight) for commissions, snacks, fees, exceptional remuneration of all those who would have contributed to the operation;.

    3. The presumed to be grheld and provisional transfer of 5% of COMINIERE's shares in DATHCOM Mining to DATHOMIR Mining Sarl, but that with regard to the assignment contract, was definitive and irrevocable without the income from the transfer being traced back to cominiere.translated:


    Last edited by KMoney: 14/05/22
 
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