Court to decide on fight over a $620 million Sukulu Phosphate Comprehensive project

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 Justice David Wangutusi of the Commercial Division of the High Court will today (Thursday) deliver judgment in the legal battle between two Chinese investors over ownership of a multimillion-dollar minerals deposit at Sukulu Hills in Tororo District.

Businesswoman Fang Min is accusing Guangzhou Dong Song Energy Group Limited together with Uganda Hui Neng Mining Limited, Mao Jie and Yang Junjia for fraudulent and unlawful expropriation of 26 square Kilometre mineral site.

“If no appearance is made on your behalf, by yourself or by your pleader or by someone by law authorized to act for you, the same will be heard and decided in your absence,” reads the judgment notice.

Guangzhou Dong Song Energy Group Limited was launched in October last year to implement the $620 million (more than 2.2trillion) Sukulu Phosphate Comprehensive project to manufacture fertilisers.

Through her lawyers led by Mr Ebert Byenkya, Ms Min is seeking $25m (94.2b) as compensation for loss of her business interest in terms of general and exemplary damages to cater for her shares in the assets of Uganda Hui Neng Mining Limited which were illegally transferred to Guangzhou Dong Song Energy Group Limited.

Ms Min who is also the proprietor of Fang Fang Hotel claims that the amount sought is the valuation of his client as per the 2018 expert valuation report that shows that the value of her shares increased from $9.7m in 2013.

Daily Monitor

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