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Vasile Frank Timis (Frank)

Date of Birth: 28/01/1963
Place of Birth: Borsa, Romania


Displaying 11-20 out of 43 results.

Majors push out the minnows

Rapid manoeuvring by some of the world's largest oil producers to take advantage of Senegal's resource boom appears to have removed maverick businessman Vasile Frank Timis the self-styled Emperor of West African resources from the scene...

The deal effectively saw BP partnering with Frank Timis who maintained a 30% interest in the blocks until last month's sale...


Timis takes shine off boom

The involvement of the maverick businessman Vasile Frank Timis in Senegal's oil industry and his cosy relationship with President Macky Sall's government has attracted renewed interest from international investigators and delayed a promised licensing round (AC Vol 57 No 14 Mercy and Machiavelli)...


Timis's seam of woe

Three legal and political disputes mark the end of a rare spell out of the limelight for Vasile Frank Timis since the collapse of African Minerals Limited (AML) his mining company that was publicly listed in Britain and focused on Sierra Leone...

Fight to redeem Frank's iron guarantee A US$75 million lawsuit brought in London against Vasile Frank Timis by the United States' commodities trading firm Gerald Metals has afforded a rare insight into the entrepreneur's complex financing arrangements and his use of collateral...


Iron Man

It later became Sierra Leone Diamond Company (SLDC) and received a US$12 million investment from Vasile 'Frank' Timis in 2004...


What price recovery?

Until March 2015 Tonkolili was 75% owned by Vasile Frank Timis's African Minerals Limited (AML) which went into receivership that month...

It is now owned by Timis Corporation the outfit of Frank Timis who bought it from administrators in October 2014...


Chinese inherit law suit

Frustrated by promised dates for restarting production being pushed back President Ernest Bai Koroma is putting pressure on SISG and the AML founder and former Chairman Vasile Frank Timis who now owns the Marampa iron-ore mine to commit to a firm timetable...

Timis Corporation the privately owned investment vehicle for Frank Timis has been told that it must restart operations at Marampa or risk losing its mining licence (AC Vol 56 No 18 Timis under scrutiny)...


Frank’s fickle fortunes

In the face of tumbling commodity prices the operations of Vasile Frank Timis in Burkina Faso Côte d'Ivoire Liberia Senegal and Sierra Leone have sunk stopped producing or come under the increased scrutiny of regulators around the world...

Instead the asset was picked up by none other than Frank Timis himself with the help of a $20 mn...


Timis under scrutiny

The operations of entrepreneur Vasile Frank Timis in Senegal have come under scrutiny from the United States Department of Justice Africa Confidential has learned...

The US$400 million deal signed in October 2014 raised questions about Aliou Sall's role in Frank Timis's Senegalese oil business Petro-Tim Limited and whether or not he had a stake in Timis Corporation a privately-held British Virgin Islands-registered company...


The discord lingers on

Koroma is also believed to have stakes in African Minerals Limited whose majority ownership recently passed from Vasile Frank Timis to a Chinese conglomerate (AAC Vol 4 No 9 Not so fast Frank)...

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Displaying 11-20 out of 43 results.