The board of directors of the National Industrial and Mining Company of Mauritania (SNIM) will hold a session in Paris next Thursday, 08 November 2018, with reports and files presenting the most difficult situation the company has ever witnessed since its establishment.
The SNIM reports and files reveal that the company faces the biggest challenge in its history, exposing the board members to painful choices to avoid the worst of the company's present and future.
The reports confirmed that the six persons appointed by the state in the post of Administrative Director-General during the last 15 years did not have the qualifications and scientific requirements to conduct the private institutions. Moreover, they also lacked international experience, as well as, the lack of autonomy. According to the documents, the board of directors, which represents the higher authority in the company is unable to perform any assessment or accounting for the performance or management of the director general, in light of the complete absence of control.
One of the reports monitors the prevalence of nepotism, patronage, tribalism and partisan practices in the selection of the company officials. in fact, 15 directors of the company's management were from one tribe, including the production manager, according to one of the documents.
The total debt of the company, last year (2017) was 257 billion ounces, 149 billion ounces of which external debts (i.e. 415 million dollars according to the dollar exchange rate in the central bank today), and internal debts that reached 108 billion ounces (about 39%) of Mauritania's 2018 budget, amounted to 663 billion old ounces.
One of the reports monitors the social status of the company and the nature of its relationship with the workers, where the tension between them reached its peak during the strike of workers in 2015, and lasted more than two months, before the success of high-level mediators to end the strike. Thus, the relationship between the parties remained tense.
One of the main reasons for the workers 'resentment regarding the company is that it does not link their annual financial bonuses to their annual production, while its executive management invokes the conservatives' discretion to influence their profits.
Unlike its treatment to the 6 500 workers, the company's handling of suppliers during the last year was preferential, where its management took unfair external loans for convenient repayment. Their debts fell from 276 billion ounces in January 2016 to 108 billion in December 2016, however, the debts of other partners continued to escalate.
#Mauritania: #A tense# social situation# in the National Industrial and Mining Company of Mauritania (SNIM)
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