The 3PR 1323, 1324 & 1325 have these very interesting features for any investor :
•
They benefit from the 2002 Mining Code
•
Having
been
requested
from
the
very
first
days
of
the
opening
of
the
mining
cadastre
following
its
interruption
to
prepare
for
the
promulgation of this mining code and regulations, these 3PRs do not suffer from any history likely to disrupt their development.
•
The
well-established
fact
that
these
3PRs
were
considered
by
the
previous
legislature
to
have
never
existed
due
to
false
documents
in an attempt to create mining permits for Dan Gertler, these 3PRs were therefore never forfeited, they never ceased to be valid.
•
The
well-established
fact
that
the
exploration
certificates
were
not
issued
in
violation
of
Article
109
of
the
Mining
Regulations,
these
3PRs
remained
in
a
situation
of
force
majeure,
releasing
their
holders
from
all
their
obligations.
Heavy
damages
are
due
for
the
investments
made
for
the
acquisition
of
these
3PRs,
for
the
legal
costs
incurred
and
for
the
loss
of
earnings
since
their
granting, amounting to several hundred million USD
These 3PRs therefore enjoy maximum security, and their validity period will begin on the day the exploration certificates are issued.
The
conditions
are
in
place
to
find
a
favorable,
amicable
solution
with
the
Congolese
authorities
in
the
interest
of
the
investor
who
commits to developing these 3PRs.
DEVELOPMENT OF THE DRC
These
3PRs
opens
up
major
development
projects
that
have
been
prevented
from
being
carried
out
since
2006
following
the
granting
of
non-existent
permits
to
Dan
Gertler.
The
solution
of
an
ICSID
arbitration
will
only
delay
this
development
and
result
in
a
heavy
penalty for the DRC, which will be required to fully compensate for the damages; the loss of earnings is considerable.
PROPOSALS
Thaurfin
Ltd.
offers
any
investor
the
opportunity
to
meet
with
the
Congolese
authorities
and
negotiate
compensation
that
will
benefit
them while prioritizing the development of the Republic.
The
force
majeure
situation
will
be
lifted
as
soon
as
the
new
Congolese
mining
company,
Mbomo-Mining
SARL,
is
incorporated
and
ready to begin prospecting, thus benefiting from the full validity period of the exploration permits.
During
this
validity
period,
a
business
plan
demonstrating
the
technical
and
economic
feasibility
of
gold
mining
will
be
prepared
to
obtain exploitation permits with a renewable validity of 25 years.
Prospecting
for
the
itabirites
will
then
be
carried
out,
as
well
as
logistics
studies
to
prepare
for
the
export
of
50
million
tonnes
of
65%
Fe iron ore via the Banalia deepwater port, currently under construction.
ANY PROPOSAL WILL BE CONSIDERED
To be forwarded to p.huart@thaurfin.com
The 3PR 1323, 1324 & 1325 have these very
interesting features for any investor :
•
They benefit from the 2002 Mining Code
•
Having
been
requested
from
the
very
first
days
of
the
opening
of
the
mining
cadastre
following
its
interruption
to
prepare
for
the
promulgation
of
this
mining
code
and
regulations,
these
3PRs
do
not
suffer
from any history likely to disrupt their development.
•
The
well-established
fact
that
these
3PRs
were
considered
by
the
previous
legislature
to
have
never
existed
due
to
false
documents
in
an
attempt
to
create
mining
permits
for
Dan
Gertler,
these
3PRs
were
therefore
never
forfeited,
they
never
ceased
to
be valid.
•
The
well-established
fact
that
the
exploration
certificates
were
not
issued
in
violation
of
Article
109
of
the
Mining
Regulations,
these
3PRs
remained
in
a
situation
of
force
majeure,
releasing
their
holders
from
all
their
obligations.
Heavy
damages
are
due
for
the
investments
made
for
the
acquisition
of
these
3PRs,
for
the
legal
costs
incurred
and
for
the
loss
of
earnings
since
their
granting,
amounting
to
several
hundred million USD
These
3PRs
therefore
enjoy
maximum
security,
and
their
validity
period
will
begin
on
the
day
the
exploration
certificates are issued.
The
conditions
are
in
place
to
find
a
favorable,
amicable
solution
with
the
Congolese
authorities
in
the
interest
of
the investor who commits to developing these 3PRs.
DEVELOPMENT OF THE DRC
These
3PRs
opens
up
major
development
projects
that
have
been
prevented
from
being
carried
out
since
2006
following
the
granting
of
non-existent
permits
to
Dan
Gertler.
The
solution
of
an
ICSID
arbitration
will
only
delay
this
development
and
result
in
a
heavy
penalty
for
the
DRC,
which
will
be
required
to
fully
compensate
for
the damages; the loss of earnings is considerable.
Therefore,
we
have
always
suggested
that
the
authorities
find
an
amicable
solution
that
promotes
development
and
takes
into
account
the
harm
caused
by
this
dispossession of the 3PRs for the benefit of Dan Gertler.
PROPOSALS
Thaurfin
Ltd.
offers
any
investor
the
opportunity
to
meet
with
the
Congolese
authorities
and
negotiate
compensation
that
will
benefit
them
while
prioritizing
the
development of the Republic.
The
force
majeure
situation
will
be
lifted
as
soon
as
the
new
Congolese
mining
company,
Mbomo-Mining
SARL,
is
incorporated
and
ready
to
begin
prospecting,
thus
benefiting
from
the
full
validity
period
of
the
exploration
permits.
During
this
validity
period,
a
business
plan
demonstrating
the
technical
and
economic
feasibility
of
gold
mining
will
be
prepared
to
obtain
exploitation
permits with a renewable validity of 25 years.
Prospecting
for
the
itabirites
will
then
be
carried
out,
as
well
as
logistics
studies
to
prepare
for
the
export
of
50
million
tonnes
of
65%
Fe
iron
ore
via
the
Banalia
deepwater port, currently under construction.
ANY PROPOSAL WILL BE CONSIDERED
To be forwarded to p.huart@thaurfin.com