Waufukweni
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- May 16, 2024
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Rais wa Shirikisho la soka la Afrika (CAF), Patrice Motsepe yamemkuta makubwa nje ya uwanja ambayo yatamlazimu kuwepo Dar es Salaam.
Bosi huyo ambaye ni mmiliki wa klabu tajiri ya Mamelodi Sundowns amefunguliwa kesi nzito na kesho jumatatu itaanza kuunguruma Jijini Dar es Salaam. Kesi hiyo inayomhusisha Bilionea wa Afrika Kusini Patrice Motsepe na kampuni zinazohusiana naye wanakabiliwa na kesi ya dola milioni 195 (sawa na shilingi bilioni 525,813,795,000) inatarajiwa kusikilizwa leo, Jumatatu katika Divisheni ya Kibiashara ya Mahakama Kuu ya Tanzania jijini Dar es Salaam.
Kampuni ya madini ya Tanzania, Pula Group, inamshtaki Motsepe na kampuni zake, zikiwemo African Rainbow Minerals, African Rainbow Capital na ARCH Emerging Markets, kwa madai ya kukiuka mkataba wa kutofanya ushindani. Madai hayo yanahusu uwekezaji wa Motsepe katika kampuni ya Evolution Energy Minerals ya Australia, inayopakana na mradi wa grafaiti wa Pula.
Mwenyekiti wa Pula Group, Charles Stith, amesema kiasi hicho cha fidia kimepangwa kulingana na tathmini ya hasara ambayo Pula inaweza kupata kutokana na ukiukaji huo wa mkataba wa usiri na kutofanya ushindani.
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South African billionaire Patrice Motsepe and his associate companies are being sued for $195 million (R3.4 billion) in Tanzania, with one of the biggest suits to appear in front of the country’s commercial court set to resume on Monday.
Tanzanian mining firm Pula Group is suing Motsepe and his associate companies — including African Rainbow Minerals, African Rainbow Capital and ARCH Emerging Markets — for allegedly breaching a non-compete contract when it invested in Australia’s Evolution Energy Minerals, located next to Pula’s graphite project, said the company chairman Charles Stith.
"The amount was based on a third-party valuation of what Pula stands to lose as a result of the competitive disadvantage resulting from the Motsepe associated companies’ violation of a confidentiality and non-compete agreement," Stith said in an interview.
Motsepe and associated companies have denied any breach and said there’s no merit to Pula’s allegations and claims.
"ARM was considering investing in minerals that it had not mined in the past when the Pula graphite project was presented to it for its consideration" an ARM spokesperson said. "ARM concluded a confidentiality agreement with Pula and subsequently decided not to invest in the project, and communicated the decision to Pula."
The company declined to comment further with the matter now before the court.
Pula said a two-year non-compete contract had been in place, and that Motsepe companies talked to and did the deal with the Australian company within that period.
Stith, a former US ambassador to Tanzania, said the majority of exploration in Tanzania is done by Australian and Canadian companies, and that unfair and predatory practices of companies like ARM perpetuate the disparity in the mining sector, to the detriment of Tanzanians.
"A similar dynamic existed across the continent of Africa, and the case is expected to set a legal precedent in protecting the rights of local mining and exploration companies competing against international counterparts in Tanzania," he said.
Pula has been trying to get the case off the ground with some back-and-forth from the Motsepe group of companies, which claimed they weren’t properly served or that Tanzania doesn’t have jurisdiction, Stith said. In some instances, ARM’s legal team has failed to appear in court, he added.
Source: www.news24.com
Bosi huyo ambaye ni mmiliki wa klabu tajiri ya Mamelodi Sundowns amefunguliwa kesi nzito na kesho jumatatu itaanza kuunguruma Jijini Dar es Salaam. Kesi hiyo inayomhusisha Bilionea wa Afrika Kusini Patrice Motsepe na kampuni zinazohusiana naye wanakabiliwa na kesi ya dola milioni 195 (sawa na shilingi bilioni 525,813,795,000) inatarajiwa kusikilizwa leo, Jumatatu katika Divisheni ya Kibiashara ya Mahakama Kuu ya Tanzania jijini Dar es Salaam.
Mwenyekiti wa Pula Group, Charles Stith, amesema kiasi hicho cha fidia kimepangwa kulingana na tathmini ya hasara ambayo Pula inaweza kupata kutokana na ukiukaji huo wa mkataba wa usiri na kutofanya ushindani.
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South African billionaire Patrice Motsepe and his associate companies are being sued for $195 million (R3.4 billion) in Tanzania, with one of the biggest suits to appear in front of the country’s commercial court set to resume on Monday.
Tanzanian mining firm Pula Group is suing Motsepe and his associate companies — including African Rainbow Minerals, African Rainbow Capital and ARCH Emerging Markets — for allegedly breaching a non-compete contract when it invested in Australia’s Evolution Energy Minerals, located next to Pula’s graphite project, said the company chairman Charles Stith.
"The amount was based on a third-party valuation of what Pula stands to lose as a result of the competitive disadvantage resulting from the Motsepe associated companies’ violation of a confidentiality and non-compete agreement," Stith said in an interview.
Motsepe and associated companies have denied any breach and said there’s no merit to Pula’s allegations and claims.
"ARM was considering investing in minerals that it had not mined in the past when the Pula graphite project was presented to it for its consideration" an ARM spokesperson said. "ARM concluded a confidentiality agreement with Pula and subsequently decided not to invest in the project, and communicated the decision to Pula."
The company declined to comment further with the matter now before the court.
Pula said a two-year non-compete contract had been in place, and that Motsepe companies talked to and did the deal with the Australian company within that period.
Stith, a former US ambassador to Tanzania, said the majority of exploration in Tanzania is done by Australian and Canadian companies, and that unfair and predatory practices of companies like ARM perpetuate the disparity in the mining sector, to the detriment of Tanzanians.
"A similar dynamic existed across the continent of Africa, and the case is expected to set a legal precedent in protecting the rights of local mining and exploration companies competing against international counterparts in Tanzania," he said.
Pula has been trying to get the case off the ground with some back-and-forth from the Motsepe group of companies, which claimed they weren’t properly served or that Tanzania doesn’t have jurisdiction, Stith said. In some instances, ARM’s legal team has failed to appear in court, he added.
Source: www.news24.com
