Winenut
GO AVZ!!!!
That's some good shit brother
That's some good shit brother
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![]()
Oil&Gas is spot on! Maybe we could start by e-mailing our respective state news bodies and on-line news publishers.
Under normal circumstances you'd have to say Cong has put a noose around his own neck . Blatant lying that can be easily proved .
Well it hasn't seemed to be super easy to prove it yet unfortunately!Under normal circumstances you'd have to say Cong has put a noose around his own neck . Blatant lying that can be easily proved .
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
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.Under normal circumstances you'd have to say Cong has put a noose around his own neck . Blatant lying that can be easily proved .
Give me $7.5 and I walk away in peace please Nigel!!!!!!!!!!!!
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.
C'mon Felix, the Chinese need more lithium to make these AliExpress Robot dogs.
Seen here fitted with a Russian made PP-19 Vityaz submachine gun...
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![]()