AVZ Discussion 2022
- Thread starter GazDix
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I'm a fan Funky Franck Fwamba. Try saying that 10 times! He is restoring my faith in humanity. Some farken grubs around.I have a man crush on Franck
cruiser51
Top 20
The better K. Eckhof and cohorts are able to stall AVZ with whatever means, the better opportunity Tantalex is able to establish itself processing their heaps of shit.
When Eckhof joined Tantalex, the shit hit the fan for AVZ.
Issue dated 24/01/2022
When Eckhof joined Tantalex, the shit hit the fan for AVZ.
Klaus Eckhof circles back to Manono's lithium
The German-born businessman-geologist has a history of arranging mining deals in the DRC. Now he has joined Tantalex Resources, which is exploring for lithium in Manono, just next to the concessions held by a company he used to work for: AVZ Minerals.Issue dated 24/01/2022
Oil&Gas is spot on! Maybe we could start by e-mailing our respective state news bodies and on-line news publishers.
Why isn't this big news in Australia? A potentially massive Australian company having a red hot crack but getting reamed by crooks in the DRC and ruthless money hungry Chinese con-men? I emailed 4 Corners a few months back - I will have another crack at them, would make a compelling story.
Winenut
GO AVZ!!!!
Well it hasn't seemed to be super easy to prove it yet unfortunately!
mouseflying
Regular
Any update for icc pairs arbitration? I still can't find any informaiton on ICC website.
I think it's the time to let us know it's 1 or 3 arbitrator?
or zijin withdraw the case?
I think it's the time to let us know it's 1 or 3 arbitrator?
or zijin withdraw the case?
Samus
Top 20
The irony is we have a government claiming to be cracking down on this sort of corruption while state employees hold AVZ hostage to the detriment of the Congolese state. Some even it seems from within the current ranks of Dathcom presumably to protect themselves from facing justice for their past and ongoing shady dealings and secure ongoing personal financial benifits as opposed to going with a company that does things above board.What I'd like to know is, in what sort of system this head of CAMI can get away with simply sitting on his hands and refusing to budge after receiving the decree from the mining minister? (in theory his boss?).
This amongst other things beggars belief.
*Not really Sam,
Not when you read articles like the one below, then you soon realise "What a Tangled Web they Weave when they Practice to Deceive"
Not to mention the lengths Chinese Co will go to to get what they want in the DRC
www.bloomberg.com/news/features/2021-11-28/africa-s-biggest-data-leak-reveals-china-money-role-in-kabila-s-congo-looting
IGF found the Cominière actions to be corrupt yet somehow they can still hold their ground in blocking development along with officials from CAMI against the ruling of the Mining minister who's wishes should override all of them.
WTF??
Is the macro political environment still so sensitive that the simple solution of forcing these criminals to do their job and/or face justice can't be taken?
Surely in such clear cut circumstances Government employees working for Chinese interests against the state should be sacked at the very least.
Meanwhile we've got politicians gallivanting around the world touting DRC as some fantastic investment opportunity.
Hopefully with the media spotlight on these issues we might finally see some action from the top at tomorrow's Council of Ministers (as has been the hope for months so far)
Not expecting AVZ to fail here , but would there be a plan B if these pricks get the upper hand ? Is the CATH deal paramount moving forward ? Could Nigel have a potential replacement JV in the wings ? Any thoughts out there what could be a plan B .? Or are we just rooted . Bit bored . Thought it might be an interesting question to throw out there .
Last edited:
obe wan
Regular
Yes, will now be interesting to see Klaus's reaction if Cong falls off the cliff; remember Simon Cong is a non exec Director of Amani gold (ANL) and they are well know to have a business relationship in DRC in any case.
Heard on a grapevine that our own Non Exec Peter Huljich has caused some issues ,as he refused step down from the AVZ board , as AVZ tried to widen the gap between any association with Klaus and Cong , hence why Nigel resigned from AJN . Peter Huljich as you'd know is also on the Amani ANL board and so he is created a connection between Klaus and Cong (ANL)/AJN and AVZ, this connection likely created a bit of sand in the gears of AVZ as accusations were being thrown like grenades by the some DRC cockroaches.
The information / speculation which is flowing through the social media platforms, it sounds like Cong is under pressure . with Cong under pressure and hopefully put to the sword , will eyes turn to Klaus and AJN . It would be hard to believe that Klaus and Cong weren't going to 'benefit' through this AJN arrangement , direct resources into some greasy hands whilst Jean Felix positively stamped approvals on half baked applications like a Duracell bunny.
Wonder if Simon Cong gets offloaded from Amani gold board ; wonder if DRC starts to reconsider AJN
JAG
Top 20
Investigation sounds alarm on risks in Congo’s nascent lithium sector
MINING.COM Staff Writer | December 14, 2021 | 5:06 am Battery Metals Africa Lithium
Most lithium mining concessions in the DRC are close to the southern town of Manono, pictured here. (Image by Tom Skrinar, Flickr).
A new investigation by Global Witness looking into the Democratic Republic of Congo’s nascent lithium sector sounds the alarm bell on a swathe of potential supply chain risks.
To create the report, the London and Washington-based NGO looked at a sample block of 51 mining concessions that concentrated around the town of Manono in southern DRC and where hard-rock lithium deposits have been discovered. Three companies – AVZ Minerals, Critical Resources and Tantalex Resources – have publicly announced plans to carry out lithium exploration or production at mining concessions in the area.
“Drawing back the curtain on the companies and people involved in this new, potentially globally significant lithium industry, the investigation found concessions on and around DRC’s lithium deposits are or were held by or involved a small number of people with close business relationships – including a now-serving government official – with former President Kabila,” the report reads.
According to the group, Cong Mao Huai, reported to be an adviser to former DRC president Joseph Kabila, is or was associated with companies with ownership links to six concessions investigated by Global Witness.
The NGO claims to have seen documents that appear to show there have been long-standing business links between Cong and now-serving Minister Guy Loando Mboyo. The report also cites data from Congo Hold Up – the biggest leak of financial information from Africa to date – which supports the allegations of the business links between the two.
“Our investigation shows that investors need to think critically before endorsing DRC’s lithium sector,” Paul Donowitz, head of natural resource governance campaigns at Global Witness, said in a media statement.
“Company contracts, payments and beneficial ownership in key deals are not being fully disclosed, despite this being required by Congolese law. Companies must also ensure they fully respect the environment and communities in the mining areas.”
In Donowitz’s view, there is a small window of opportunity to address the potential supply chain risks in DRC’s lithium sector, before production begins.
“Companies, investors and governments – both of the DRC and companies’ home states – must act now or the whole industry risks being seriously undermined by governance risks and harms to people and the planet,” he said.
The report closes with a number of recommendations, asking companies financing, producing, using or trading DRC’s lithium to ensure that their investments and operations, as well as those of their subsidiaries and suppliers, adhere to international governance, environmental and human rights standards, and all existing Congolese laws, whichever are stronger.
It also asks these firms to take responsibility to conduct, disclose and implement robust due diligence policies and procedures to prevent, identify, mitigate and account for human rights, environmental and governance risks in their operations, including supply chains and business relationships.
Finally, it asks the Congolese government to ensure disclosure of all beneficial owners of mining companies, mining contracts and public, project-level payment reporting for all of Congo’s mining contracts, in line with Extractive Industries Transparency Initiative reporting standards and best practice.
Sammy_da_Smile
Regular
Not a good look for DRC on the world stageView attachment 12108
Investigation sounds alarm on risks in Congo’s nascent lithium sector
MINING.COM Staff Writer | December 14, 2021 | 5:06 am Battery Metals Africa Lithium
Most lithium mining concessions in the DRC are close to the southern town of Manono, pictured here. (Image by Tom Skrinar, Flickr).
A new investigation by Global Witness looking into the Democratic Republic of Congo’s nascent lithium sector sounds the alarm bell on a swathe of potential supply chain risks.
To create the report, the London and Washington-based NGO looked at a sample block of 51 mining concessions that concentrated around the town of Manono in southern DRC and where hard-rock lithium deposits have been discovered. Three companies – AVZ Minerals, Critical Resources and Tantalex Resources – have publicly announced plans to carry out lithium exploration or production at mining concessions in the area.
“Drawing back the curtain on the companies and people involved in this new, potentially globally significant lithium industry, the investigation found concessions on and around DRC’s lithium deposits are or were held by or involved a small number of people with close business relationships – including a now-serving government official – with former President Kabila,” the report reads.
According to the group, Cong Mao Huai, reported to be an adviser to former DRC president Joseph Kabila, is or was associated with companies with ownership links to six concessions investigated by Global Witness.
The NGO claims to have seen documents that appear to show there have been long-standing business links between Cong and now-serving Minister Guy Loando Mboyo. The report also cites data from Congo Hold Up – the biggest leak of financial information from Africa to date – which supports the allegations of the business links between the two.
“Our investigation shows that investors need to think critically before endorsing DRC’s lithium sector,” Paul Donowitz, head of natural resource governance campaigns at Global Witness, said in a media statement.
“Company contracts, payments and beneficial ownership in key deals are not being fully disclosed, despite this being required by Congolese law. Companies must also ensure they fully respect the environment and communities in the mining areas.”
In Donowitz’s view, there is a small window of opportunity to address the potential supply chain risks in DRC’s lithium sector, before production begins.
“Companies, investors and governments – both of the DRC and companies’ home states – must act now or the whole industry risks being seriously undermined by governance risks and harms to people and the planet,” he said.
The report closes with a number of recommendations, asking companies financing, producing, using or trading DRC’s lithium to ensure that their investments and operations, as well as those of their subsidiaries and suppliers, adhere to international governance, environmental and human rights standards, and all existing Congolese laws, whichever are stronger.
It also asks these firms to take responsibility to conduct, disclose and implement robust due diligence policies and procedures to prevent, identify, mitigate and account for human rights, environmental and governance risks in their operations, including supply chains and business relationships.
Finally, it asks the Congolese government to ensure disclosure of all beneficial owners of mining companies, mining contracts and public, project-level payment reporting for all of Congo’s mining contracts, in line with Extractive Industries Transparency Initiative reporting standards and best practice.
Samus
Top 20
Surprise surprise if it's a Chinese robot they haven't even bothered to change it from the original stolen design.
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techstartups.com
Samus
Top 20
More positive press:
Qualified as all the evils in this period marked by the revival of the business climate, the mining company AVZ Minerals Limited has decided to burst the abscess to fix the opinion on its franchise. To this end, she organized a press conference on Friday, July 15, 2022, at the Rotana hotel, in Gombe, to clarify media professionals and others about her loyalty, sincerity and righteousness in the business climate in the face of his detractors who circulate facknews on his notoriety.
In his speech, Me Christian K. Lukusa of the law firm Momentuma explains the agitation that is observed around the Manono tin and lithium project on the validation of the feasibility study by AVZ Minerals Limited . According to him, the speculations that revolve around AVZ are illegal.
What is the concrete problem?
The disagreements revolve around the Australian company AVZ Minerals and the company of the State portfolio Cominière, which does not recognize the legal actions carried out by AVZ Minerals despite having tangible proof. According to AVZ Minerals, Cominière had indeed received the payment for the "no doorstep" and that denying it is proof that the payments were never made to the public treasury.
According to AVZ Minerals, the financial means would not be the reason to qualify it as failing. Returning to the mining code and practices in the mining industry, he said that proof of financial capacity is one of the substantial conditions for being issued an exploration permit in the DRC.
Cominière would accuse AVZ Minerals of having taken the Manono tin and lithium project hostage.
Version of AVZ
For its part, AVZ Minerals claims not to have taken the project hostage and reassures that contrary to the defamatory and slanderous allegations, Cominière was indeed represented at all the meetings and that there is evidence and attendance fees of the representatives from this particular state enterprise, e-mails indicating that they had been informed of everything.
In addition, AVZ Minerals says to bring back the facts legally established by all the legal and regulatory texts of the DRC. It calls on Congolese political leaders to respect the mining law and protect the business climate.
Israel Mpoyi
laprosperite.online
The fact that a child comes into the world crying means that life is a struggle. We are fighting the good fight for truth, for the restoration of collective well-being. The tears and prayers of the victims of predation are real shields for us. #IGF
Validation of the Manono/DRC tin and lithium project: mining company AVZ Minerals Limited provides an update
WEDNESDAY BOSENGELE COMPANY JULY 21, 2022Qualified as all the evils in this period marked by the revival of the business climate, the mining company AVZ Minerals Limited has decided to burst the abscess to fix the opinion on its franchise. To this end, she organized a press conference on Friday, July 15, 2022, at the Rotana hotel, in Gombe, to clarify media professionals and others about her loyalty, sincerity and righteousness in the business climate in the face of his detractors who circulate facknews on his notoriety.
In his speech, Me Christian K. Lukusa of the law firm Momentuma explains the agitation that is observed around the Manono tin and lithium project on the validation of the feasibility study by AVZ Minerals Limited . According to him, the speculations that revolve around AVZ are illegal.
What is the concrete problem?
The disagreements revolve around the Australian company AVZ Minerals and the company of the State portfolio Cominière, which does not recognize the legal actions carried out by AVZ Minerals despite having tangible proof. According to AVZ Minerals, Cominière had indeed received the payment for the "no doorstep" and that denying it is proof that the payments were never made to the public treasury.
According to AVZ Minerals, the financial means would not be the reason to qualify it as failing. Returning to the mining code and practices in the mining industry, he said that proof of financial capacity is one of the substantial conditions for being issued an exploration permit in the DRC.
Cominière would accuse AVZ Minerals of having taken the Manono tin and lithium project hostage.
Version of AVZ
For its part, AVZ Minerals claims not to have taken the project hostage and reassures that contrary to the defamatory and slanderous allegations, Cominière was indeed represented at all the meetings and that there is evidence and attendance fees of the representatives from this particular state enterprise, e-mails indicating that they had been informed of everything.
In addition, AVZ Minerals says to bring back the facts legally established by all the legal and regulatory texts of the DRC. It calls on Congolese political leaders to respect the mining law and protect the business climate.
Israel Mpoyi
Validation du projet d’étain et de lithium de Manono/RDC : la société minière AVZ Minerals Limited fait une mise au point
Qualifiée de tous les maux en cette période marquée par la relance du climat des affaires, la société minière AVZ Minerals Limited a décidé de crever l’abcès pour fixer l’opinion sur sa franchise. A cet effet, elle a organisé une conférence de presse, vendredi 15 juillet 2022, à l’hôtel Rotana...
The fact that a child comes into the world crying means that life is a struggle. We are fighting the good fight for truth, for the restoration of collective well-being. The tears and prayers of the victims of predation are real shields for us. #IGF
I will be happy as a pig in shite when we get the go ahead to start building this mine! The lithium refineries need the lithium before they can start printing money!! I think the next dollar party will be even bigger than the first and it is whale season!*Speaking of "Compelling Stories" Daz, Did you see where,
Tesla boss Lithium Musk says get into refining, ‘it’s a licence to print money’
Tesla has reported its earnings for Q2 and Elon Musk encouraged entrepreneurs to get into lithium refining.
“There’s like, software margins in lithium processing right now,” he said in the company’s earnings call.
“I would really like to encourage, once again, entrepreneurs to enter the lithium refining business – you can’t lose.
“It’s a licence to print money.”
He’s not wrong, Chinese battery makers still willing to pay upwards of US$70,000/t to get chemicals for electric vehicles in a tight market.
And it’s not the first time he’s begged people to get into the biz.
“Can some more people please get into the lithium business?” Musk said back in April.
“Do you like minting money? Well, the lithium business is for you.”
He’s even previously toyed with the idea of getting Tesla into lithium mining and refining because of sky high prices and a long lead time to production.
In the second quarter, Tesla produced over 258,000 vehicles and delivered over 254,000 vehicles, despite ongoing supply chain challenges and factory shutdowns beyond in Shanghai.
June 2022 was the highest vehicle production month in Tesla’s history, but Musk reckons there’s room to improve.
“We have the potential for a record-breaking second half of the year,” he added.
*To Remind,
US offers support to reduce China’s ‘weaponisation’ of battery metals
US Energy Secretary Jennifer Granholm has told Aussie developers of battery metals projects they can win support from the US Government for their projects.
It’s all part of America’s plan to counter the dominance of China in refining and producing key materials like lithium, rare earths and cobalt.
Just yesterday, US Treasury Secretary Janet Yellen said the country wants to end its “undue dependence” on rare earths, solar panels and other key goods from China to prevent Beijing from cutting off supplies as it has done to other countries.
And President Joe Biden even invoked the 1950 Defense Production act earlier this year to encourage domestic production.
Granholm says the concern is that critical minerals could be weaponised.
“Our concern is that critical minerals could be vulnerable to manipulation, as we’ve seen in other areas, or weaponisation,” she said in a meeting in Sydney with companies including BHP, Rio Tinto and Lynas Corp.
“We are very serious about establishing strong relationships with Australia and with your potential customers for offtake.”
Granholm also said that producers in Australia can access support through the Department of Energy’s loan programs office.
And some are already waaaaay ahead of the rest.
Graphite producer Syrah Resources has facilities in Louisiana, and in April won a $107 million commitment from the loan programs office.
Plus, Lynas signed a contract with the US Department of Defense to establish a rare earths plant in Texas just last month.
View attachment 12113
Things are "Heating Up" alright
Food for thought
Frank
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