The issue of Ilovica is a matter of survival of eastern Macedonia. The opening of this mine will mean the destruction of the whole area there, ie an ecological catastrophe. That is why the environmental associations and the residents of this area are against the opening of the mine.
The vice president of VMRO-DPMNE Aleksandar Nikoloski reveals the political background of the ecological catastrophe.
When he needed political points, Zoran Zaev was against the opening of Ilovica and the Government revoked the concession to the owners. Euromax, the then owner of Ilovica, appealed to the Administrative Court and lost, and the Higher Administrative Court decided to rule in favor of Euromax, but only after the owner of Euromax was changed. Since then, Zoran Zaev has not said anything whether he is still against the opening of Ilovica, because he, like me, is head of the list in the fourth electoral district, and this is part of the fourth electoral district, Nikoloski said last night on TV Alfa.
Nikoloski presented a document from the Macedonian government from April 15, 2019, in which it says that the Commission for Protection of Competition received a notification for registration with which the company “Galena Resource Equities Limited” with registered office in the Cayman Islands will gain control over Euromax Limited, registered in Canada.
After the entry of “Galena” in “Ilovica”, it acquires 53% of the total shares. The European Bank for Reconstruction and Development holds 7% of the shares, Richard Griffiths and Equinox Partners also 7% each, Richmond Capital 4% and Management just under 4%.
The Ilovica mine overnight received a work permit after it was sold to a company based in the Cayman Islands, and the director is the son of a well-known Bulgarian businessman.
The owner of Ilovica is registered in the house on the photo. Another 20,000 companies are registered on it. Former US President Barack Obama said that it is either the largest house in the world or a well-thought-out scheme for money laundering and financial devastation, reminds Nikoloski.
Nikoloski published a new document which states that “Galena Equities LTD” is controlled and managed by “Galena Asset Management” and its principal business is to invest in equity and debt in the late stage small and medium-sized companies in development across the natural resources and mining sector.
What is the Government doing?
The government takes away the concession from Euromax . Euromax gets into debt and this company buys it for free, explains Nikoloski.
The economic interests of Galena Equities LTD, on the other hand, are divided between “Trafigura Group” and a Bulgarian company wholly owned by Colo Vutov, a member of the company’s Board of Directors and the largest shareholder in “Geotrading”.
Who is Colo Vutov?
Colo Vutov is one of the richest people in Bulgaria, a mine owner, close to almost all the authorities in Bulgaria. After Galena Asset Management became the owner of 53% of the shares in Ilovica, Colo Vutov appointed his son Ivan Vutov as director in Ilovica.
Probably after the father becomes the owner of Ilovica, he puts his son on the Board of Directors. I say probably because it is a scheme of tax havens, so it is difficult to get to the end. But, if I could investigate this much, the Macedonian authorities can do much more, explains the vice president of VMRO-DPMNE.
Nikoloski comments that suddenly after Colo Vutov becomes the owner of Ilovica, and Ivan Vutov the director, the concession of the mine is not disputable, and Zoran Zaev has not mentioned since then whether he support or he is against the opening of this mine.
It is good for Zaev to answer whether he is still against opening the mine, because he was against it during the campaign. So, people voted for him, and if he is now in favor of opening the mine, then he lied to the people. I said in the campaign that I am against and now I say that I am against, Nikoloski stressed.
Comments are closed for this post.