The search warrant document used to enter the headquarters
of TSX-listed potash junior MagIndustries
Corp. earlier this year has been made public. The
paper details a number of alleged improper payments by company
The search warrant document details
"reasonable grounds" to believe that an offence was committed.
Bribes were allegedly paid by company officials in an effort to
advance the its Mengo potash project in the Republic of
MagIndustries’ former CEO,
now director, Longbo Chen, and colleagues Jin Zhongping, Jun
Tian and Fuliang Wang are believed to have bribed a foreign
public official, committed fraud on MagIndustries’
investors and conspired to commit an indictable offence
according to the document.
The search of the headquarters by the
Royal Canadian Mounted Police was instigated by a former
MagIndustries subsidiary employee providing a video statement
containing allegations of an improper Canadian dollar (C$)
10,040 ($8,057*) payment to an unnamed Congolese official and
C$2,008 to the delegation.
The search warrant suggested that
MagIndustries had used the funds to authorise the removal of
private land for public use by the government without the
consent of the owners. MagIndustries is currently in
ASX-listed South Boulder Mines
Ltd is to change its name to Danakali
Ltd, the company’s managing director,
Paul Donaldson has told IM.
The name change – taken from the
Danakil depression location of the company’s
Colluli project and the most common word for potassium in
countries to the east of Europe, including Germany and Russia
–was agreed at the company’s recently
held annual general meeting (AGM).
South Boulder is the joint owner of the
Colluli sulphate of potash (SOP) project in Eritrea, which
hosts a 1.3bn tonne potassium-bearing salts resource, 97% of
which is measured and indicated.
A study is to be conducted on phosphate
extraction at the Sra Ouertaine mine in the governorate
of Kef in Tunisia, the country’s Minister
of Industry, Energy and Mining, Zakaria Hamad, has said.
The study will look into the economic,
technical and regulatory hurdles and requirements for the
mining opportunity, according to African news source
Tunisia has a long history of phosphate
production, but the industry in the country has suffered in the
wake of the Arab spring protests, which brought down the
country’s former leader, Zine El Abidine Ben
IM reported in May that
the country’s main producer, Compagnie des
Phosphates de Gafsa had been forced to suspend phosphate rock
*Conversion made May 2015