Gerald Group Alerts on Illegal Tender Activities by Soremi SA for Copper and Zinc Sales
In a significant development, Gerald Group has raised alarms regarding unauthorized tender activities associated with Soremi SA, a mining company situated in the Republic of the Congo (RoC). This warning is crucial due to the potential legal implications for buyers considering the recent tenders for copper cathode and zinc ingots released by Soremi SA.
The Soremi Mine, located in the Boko Yanga metal corridor, is managed by Société de Recherche et d'Exploitation Minière, or Soremi SA, under the ownership of Soremi Investments Ltd., a company registered in the British Virgin Islands (BVI). Gerald Group, which holds exclusive rights over Soremi's production due to court rulings affirming its claim to a significant stake in Soremi, has clearly stated that any current tenders are illegal.
According to recent judicial decisions from both BVI and Hong Kong courts, Gerald Group has been recognized as the legitimate owner and operator of Soremi SA, succeeding previous management intertwined with China National Gold Group (CNG). Despite these legal confirmations, CNG, through its representatives, continues to maneuver operations at Soremi SA, completely disregarding these binding court orders. This situation has led to escalating tensions and questions regarding asset control and legality in business operations at the mine.
Adding to the complexity, the recent tenders issued on June 6, 2025, aim to sell around 10,000 metric tons of copper cathodes and 40,000 metric tons of zinc ingots. Gerald Group warns that these offers are unauthorized, thus placing any potential buyers at risk of engaging in illegal transactions. The group has asserted that it intends to take its entire production capacity, emphasizing their rights to control and manage Soremi SA's output.
Furthermore, Gerald Group has communicated that any transactions that proceed under the guise of these tenders will face legal repercussions. The company is prepared to exhaust all available remedies against parties involved in the unlawful activities pertaining to Soremi SA, including buyers who may inadvertently participate in these tenders.
Gerald Group, established in 1962, is a prominent commodity trader with expertise in the movements and transactions of non-ferrous, ferrous, and precious metals. Their operations span globally, providing logistical and other support to ensure seamless metal supply. Through this crisis, the company continues its push toward enforcing judicial obligations to secure proper governance and protect the interests tied to Soremi SA.
This update serves as a stark reminder of the legal complexities surrounding commodity trading, particularly in regions characterized by political and legal uncertainties. As the situation unfolds, Gerald Group's commitment to safeguarding its interests and asserting its rightful claims remains paramount. Those within the mining sector and potential buyers are urged to stay informed and cautious regarding any dealings associated with Soremi SA and its current management.