Fiche d’information – Société d’Exploitation de Gisements de Kalukundi SPRL (Swanmines)

The Carter Center

Date de publication: août 2011

Aperçu et données de contact

Structure de la compagnie

Permis et contrats

Contrats publiés officiellement :

« Contrat de création de société entre la Génerale des Carrières et des Mines et l’entreprise H&J Swanepoel Famille Trust » du 03.03.2001

Contrats non publiés :

Avenant 1 (d 28/09/2001), avenant 2 (d 29/05/2003), avenant 3 reduisant parts sociales GCM de 45 à 25% (18/05/2004), « Accord Akam » à l’issu du conflit avec Africo (13/01/2009), Avenant après renégociation (d 13.01.2009 – probablement même document que accord Akam)

Résultats renégociation publiés en bourse par Africo Resources :

Annual Information Forms 2009 and 2010: the main additional obligations to the original Swanmines Agreement that came out of the mining review process are: Africo is required to pay Gecamines $1.6m per year for a four year period as an entry premium, the first such payment made in January 2009. An additional payment to Gecamines by Swanmines will be required on basis of $35 per ton copper on reserves exceeding 180,000 tons; Africo must conduct a feasibiltiy study including funding up to 30% of the amount requried to develop property to production and to report to Gecamines by January 2010. Gecamines can cancel the Swanmines agreement if the feasibilty study is not carried out. During period of repayment of initial loans by Africo to provide working capital for Swanmines, 70% of the tax-free profit is to be allocated to reimburse the loan capital and interest, with 30% to be allocated to Africo and Gecamines in proportion to their ownership interests in Swanmines (75%/25%).

In the « Risk Factor » section, the annual information form notes that « the Swanmines agreement and its amendments may be subject to differing interpretations. Association Agreement: the amended agreement contemplates entering into a definitve association agreement that includes all of the previous amendments to this agreement but Africo has not received it yet. Will be published on SEDAR when they do. Africo notes that « there can be no assurance, though, that this definitive agreement will be entered into between Gecamines and Africo DRC, or at all.

Informations revisitation :

Revisitation : oui
Classification revisitation : B

Gisements

Revenues and tax payments

Fiche d’information – Société d’Exploitation de Gisements de Kalukundi SPRL (Swanmines)

Recherche par type de source

Recherche par type de document