Azzler
Top 20
However this implies it's nothing to do with Zijin.
So no.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
So no.
The Fox
Regular
The extension of the TIA could play out very nicely on your suspicions of a TO. I would not be surprised if this additional time is to complete arrangements with another party. Who knows. Cheers The Fox
Last edited:
Frank
Top 20
Energy deficit affects state mining revenues
The energy deficit for the mining sector is estimated at 1500 megawatts.
Mining companies are not able to process minerals locally and sometimes companies export raw minerals.
This constitutes a shortfall for the Congolese State.
Indeed, the panorama of minerals in the DRC shows that this country is immensely rich.
In 2020, the DRC produced 95,000 tons of cobalt.
In 2018, the DRC produced 16.4 million rough diamonds, making it the leading diamond producer.
In 2021, this country produced 1,797,836 tons of copper, but revenues in the state coffers remain low and yet, revenues cover only half of the national budget.
In 2018, for example, revenues from the mining sector were 2,735.3 billion US dollars, while the national budget was around 5 billion.
The energy deficit and its impact on revenue
For Emmanuel Umpula, director general of Afrewatch and member of the Mwangaza network, this situation can also find an explanation in the energy deficit.
”I think we lack energy, which has a very significant impact on state revenues because the minerals are not processed locally and we are forced to export concentrates, when we export concentrates, it means a loss of earnings for the State because our country needs to produce noble products,” he says.
To add: “When you export concentrates, it is as if you are selling a car for the price of a few parts of the car.
In this case, the exporter also exports minerals that are not covered by its exploitation permit and the Congolese state is the big loser.
Thus, NGOs are raising their voices for the DRC to put in place a clear energy policy.
This will allow mining companies to process the minerals on site, and thus sell a finished product.
“And that will bring great added value and create jobs for the Congolese, but above all, it will have a positive impact on State revenue”.
mediacongo.net
*Simple solution DRC if you don't want to be the "Biggest Loser" in Africa - Re:- Energy Deficit / Added Value to State Revenues etc.
*Get serious about Corruption, Stop Whinging about it, Walk the Talk and Kick all Crooks to the Curb ( Lock em' Up )
*For every Hour of every Day you guys sit on your hands doing Jack Shit / Holding up the Biggest / Best Lithium & Tin Deposit on the Planet, is not only a wasted opportunity of a Lifetime, Killing the future Cash Cow of the Economy plus the benefits of Jobs / Electricity / Infrastructure / Mineral Processing etc you desperately need / cry out for FFS !!!
The energy deficit for the mining sector is estimated at 1500 megawatts.
Mining companies are not able to process minerals locally and sometimes companies export raw minerals.
This constitutes a shortfall for the Congolese State.
Indeed, the panorama of minerals in the DRC shows that this country is immensely rich.
In 2020, the DRC produced 95,000 tons of cobalt.
In 2018, the DRC produced 16.4 million rough diamonds, making it the leading diamond producer.
In 2021, this country produced 1,797,836 tons of copper, but revenues in the state coffers remain low and yet, revenues cover only half of the national budget.
In 2018, for example, revenues from the mining sector were 2,735.3 billion US dollars, while the national budget was around 5 billion.
The energy deficit and its impact on revenue
For Emmanuel Umpula, director general of Afrewatch and member of the Mwangaza network, this situation can also find an explanation in the energy deficit.
”I think we lack energy, which has a very significant impact on state revenues because the minerals are not processed locally and we are forced to export concentrates, when we export concentrates, it means a loss of earnings for the State because our country needs to produce noble products,” he says.
To add: “When you export concentrates, it is as if you are selling a car for the price of a few parts of the car.
In this case, the exporter also exports minerals that are not covered by its exploitation permit and the Congolese state is the big loser.
Thus, NGOs are raising their voices for the DRC to put in place a clear energy policy.
This will allow mining companies to process the minerals on site, and thus sell a finished product.
“And that will bring great added value and create jobs for the Congolese, but above all, it will have a positive impact on State revenue”.
mediacongo.net
*Simple solution DRC if you don't want to be the "Biggest Loser" in Africa - Re:- Energy Deficit / Added Value to State Revenues etc.
*Get serious about Corruption, Stop Whinging about it, Walk the Talk and Kick all Crooks to the Curb ( Lock em' Up )
*For every Hour of every Day you guys sit on your hands doing Jack Shit / Holding up the Biggest / Best Lithium & Tin Deposit on the Planet, is not only a wasted opportunity of a Lifetime, Killing the future Cash Cow of the Economy plus the benefits of Jobs / Electricity / Infrastructure / Mineral Processing etc you desperately need / cry out for FFS !!!
Remark
Top 20
I think we'll all learn that the voluntary suspension is in fact to allow the company to sort out the issue of the mining licence and payment of surface rights. Once this is sorted / announced a left field offer will be made clear whether it is some type of TO or JV from another party not previously disclosed. All IMO & Just my musings - probably totally wrong but I thought I'd put it out there anyway. 
I am relatively new here, joined to primarily follow my little darling AVZ...
Just a suggestion, but as someone who tries to scan through the content on the threads for useful info,
maybe it would be worthwhile starting an offtopic chill thread for Beers Boats and B**bs lol...
It appears there is a little-known section https://thestockexchange.com.au/forums/the-lounge-where-anything-goes.15/
It's you guys with your generous info sharing that should make the call, but I'm sure there are others
who would also appreciate having less to scan through, however enjoyable it might be lol...
I might even join in the fun there once in a while.
Just a suggestion and thanks to all for their input regardless...
Retrobyte
Hates a beer
This is a good suggestion. Whilst I love semi naked women as much as most members here, I have to be wary when scrolling a new page in the office in case someone can see my monitor!
If Choice International is going to set up a vehicle assembly plant within 350 days, then they are going to need AVZ to get to the construction / production line ASAP.ZES-Maluku: Choice international concocts a project for the assembly of vehicles
After the implementation of the Industrialization Master Plan of the Democratic Republic of Congo, companies are scrambling to settle in the pilot special economic zone of Maluku to benefit from various facilities.
Among these companies is Choice International, which specializes in the automotive industry and has proven itself in Nigeria.
This Chinese company intends to quickly set up its vehicle assembly plant in the pilot special economic zone of Maluku, announced Thursday July 28, Diana Chen of Choice international and the group CIG Motors Ltd as well as the China-Africa Economic Council, to the Minister of Industry, Julien Paluku Kahongya.
View attachment 12827
Happy to hear this good news, the Minister of Industry provided details on the Industrialization Master Plan which subdivides the Democratic Republic of Congo into 6 industrial spaces, each with its own economic profile.
The former governor of North Kivu also returned to the process of creating special economic zones.
Speaking of the electric battery industry, Julien Paluku Kahongya said that the DRC is the best destination in the world today, thanks to its strategic minerals which are involved in the manufacture of batteries and electric vehicles.
View attachment 12828
The director of cabinet of the Minister of Industry, Jean-Dieudonné Kavese, underlined that a roadmap to accelerate the installation of this Chinese company in the Democratic Republic of Congo has been set up.
“It was discussed with Minister Paluku that we could soon put in place a roadmap that will allow us to be pragmatic. We have just been told that in this roadmap, within 350 days, the first plant can be operational with the production of the first vehicle and that as a first step, it starts with the creation of the company in the DRC and that if they have an order for 1000 vehicles, they are already ready that they can bring these vehicles here to Kinshasa and while these vehicles will be there, they should already open a store where they will start to have spare parts and at the same time have a space in the special economic zone where they will start assembling these vehicles”.
At this meeting, Claude Ibalanky, the coordinator of the National Monitoring Mechanism of the Addis Ababa Agreement and some members of the office of the President of the Republic and the Prime Minister attended the meeting.
www.mediacongo
View attachment 12830
View attachment 12883
Food for thought on the Road to Mining Manono
Frank
Considering the current stand still..............its just a fucking dream at this stage !
imo
Frank
Top 20
I wouldn't be too worried about the Semi Naked Sheilas atm, I'd more concerned about getting caught looking at those Semi Naked Sheep, Gorgeous Goats and Handsome Hunks here tbo Retro
Looks like Cominiere also had the information session. Really suspicious
Zones d'ombres autour du Projet de lithium de Manono : Les précisions de la COMINIERE SA - GEOPOLIS MAGAZINE
Après la compagnie minière AVZ Minéralz, c’est le tour de la société COMINIERE SA de sortir aussi de sa clandestinité. Au cours d’un point de presse qui s’est tenu le samedi 30 juillet 2022 à Kinshasa, la COMINIÈRE a aussi donnée sa version des faits sur le projet de lithium de Manono. D’après...
www.geopolismagazine.net
Retrobyte
Hates a beer
I've not seen any mention that the vehicle assembly plant with be for EVs. I imagine it will be for low cost vehicles suited to the local conditions.
Did not see any new information/accusationsLooks like Cominiere also had the information session. Really suspicious
Zones d'ombres autour du Projet de lithium de Manono : Les précisions de la COMINIERE SA - GEOPOLIS MAGAZINE
Après la compagnie minière AVZ Minéralz, c’est le tour de la société COMINIERE SA de sortir aussi de sa clandestinité. Au cours d’un point de presse qui s’est tenu le samedi 30 juillet 2022 à Kinshasa, la COMINIÈRE a aussi donnée sa version des faits sur le projet de lithium de Manono. D’après...www.geopolismagazine.net
" Speaking of the electric battery industry............
I just joined the dots.
Surely the vehicle assembly project wouldnt be related to the petrol combustible engine industry would it ?.......
That would be a major juxtaposition regards to the 2050 paris accord plus the EV battery hub vision that the DRC govt has would it not ?
imo
cruiser51
Top 20
Hi Lichione just been so free to post the translation.
Don't know if Cominière kept some powder dry, but if this is it, it's not a lot.
" According to her, “the vaunted transfer of 750 shares between AVZ International PTY Limited and Green Holding Lithium PTY LTD is far from meeting the legal and statutory provisions applicable in this case. It follows that all resolutions relating thereto will be null and void”."
If it concerns AVZI shares, it got nothing to do with Cominière and the argument can't be used to declare the JV agreement null and void.
All imo of course.
Gray areas around the Manono lithium project: Details from COMINIERE SA
https://www.geopolismagazine.net/zo...de-manono-les-precisions-de-la-cominiere-sa/#
https://www.geopolismagazine.net/zo...de-manono-les-precisions-de-la-cominiere-sa/#
COMMENTS
Contrary to the company AVZ which affirmed that it acted in accordance with the clauses of the Contract of Joint Venture (CJV), the COMINIERE SA regrets the lack of consideration on behalf of its partner. ” Until the compilation of the feasibility study, COMINIERE SA was never informed of my height of investments committed by AVZ in DATHCOM MINING SA for the realization of research work on the first (25%) this, in violation of the provisions of Article 6 (e) of the CJV,” noted lawyer Popol Mwamba.
In addition to this grievance formulated against the feasibility study carried out by AVZ Minéralz, COMINIÈRE SA criticizes its partner for having included the Mpyana Mwanga power plant in this study when it was an exclusive property of COMINIERE because no agreement was signed, specifies Mr. Mwamba, between COMINIÈRE SA and AVZ Power.
COMINIERE is also opposed to the assertion that AVZ owns 75% of the shares fully crystallized by the fact that Jin Chen, Zijin's subsidiary, is not a shareholder of DATHCOM Mining SA. According to her, “the vaunted transfer of 750 shares between AVZ International PTY Limited and Green Holding Lithium PTY LTD is far from meeting the legal and statutory provisions applicable in this case. It follows that all resolutions relating thereto will be null and void”.
Moreover, counsel Popol Mwamba pointed out that in the context of the Manono tin and lithium project, COMINIÈRE SA and the State retain their prerogatives to assess the performance of their performance in the project in relation to the initial commitments. . “And in the event of poor form, a strategic reframing may prove necessary provided that the general interest of all Congolese is safeguarded,” he argued.
Djodjo Mulamba
Thanks mate for posting the translation. On my phone only and found it is hard for me to copy the entire article.Hi Lichione just been so free to post the translation.
Don't know if Cominière kept some powder dry, but if this is it, it's not a lot.
" According to her, “the vaunted transfer of 750 shares between AVZ International PTY Limited and Green Holding Lithium PTY LTD is far from meeting the legal and statutory provisions applicable in this case. It follows that all resolutions relating thereto will be null and void”."
If it concerns AVZI shares, it got nothing to do with Cominière and the argument can't be used to declare the JV agreement null and void.
All imo of course.
Gray areas around the Manono lithium project: Details from COMINIERE SA
https://www.geopolismagazine.net/zo...de-manono-les-precisions-de-la-cominiere-sa/#
https://www.geopolismagazine.net/zo...de-manono-les-precisions-de-la-cominiere-sa/#
COMMENTS
After the mining company AVZ Minéralz, it is the turn of the company COMINIERE SA to also come out of hiding. During a press briefing held on Saturday July 30, 2022 in Kinshasa, COMINIÈRE also gave its version of the facts on the Manono lithium project. According to its counsel, Popol Mwamba, “COMINIERE was never associated with the feasibility study of the Manono lithium project when it was supposed to participate in order to make its amendments”.
Contrary to the company AVZ which affirmed that it acted in accordance with the clauses of the Contract of Joint Venture (CJV), the COMINIERE SA regrets the lack of consideration on behalf of its partner. ” Until the compilation of the feasibility study, COMINIERE SA was never informed of my height of investments committed by AVZ in DATHCOM MINING SA for the realization of research work on the first (25%) this, in violation of the provisions of Article 6 (e) of the CJV,” noted lawyer Popol Mwamba.
In addition to this grievance formulated against the feasibility study carried out by AVZ Minéralz, COMINIÈRE SA criticizes its partner for having included the Mpyana Mwanga power plant in this study when it was an exclusive property of COMINIERE because no agreement was signed, specifies Mr. Mwamba, between COMINIÈRE SA and AVZ Power.
COMINIERE is also opposed to the assertion that AVZ owns 75% of the shares fully crystallized by the fact that Jin Chen, Zijin's subsidiary, is not a shareholder of DATHCOM Mining SA. According to her, “the vaunted transfer of 750 shares between AVZ International PTY Limited and Green Holding Lithium PTY LTD is far from meeting the legal and statutory provisions applicable in this case. It follows that all resolutions relating thereto will be null and void”.
Moreover, counsel Popol Mwamba pointed out that in the context of the Manono tin and lithium project, COMINIÈRE SA and the State retain their prerogatives to assess the performance of their performance in the project in relation to the initial commitments. . “And in the event of poor form, a strategic reframing may prove necessary provided that the general interest of all Congolese is safeguarded,” he argued.
Djodjo Mulamba
Yes, still the same bullshit.
Samus
Top 20
Seems to me that AVZ presented Cominière with a peace offering through the recent media conference.Hi Lichione just been so free to post the translation.
Don't know if Cominière kept some powder dry, but if this is it, it's not a lot.
" According to her, “the vaunted transfer of 750 shares between AVZ International PTY Limited and Green Holding Lithium PTY LTD is far from meeting the legal and statutory provisions applicable in this case. It follows that all resolutions relating thereto will be null and void”."
If it concerns AVZI shares, it got nothing to do with Cominière and the argument can't be used to declare the JV agreement null and void.
All imo of course.
Gray areas around the Manono lithium project: Details from COMINIERE SA
https://www.geopolismagazine.net/zo...de-manono-les-precisions-de-la-cominiere-sa/#
https://www.geopolismagazine.net/zo...de-manono-les-precisions-de-la-cominiere-sa/#
COMMENTS
After the mining company AVZ Minéralz, it is the turn of the company COMINIERE SA to also come out of hiding. During a press briefing held on Saturday July 30, 2022 in Kinshasa, COMINIÈRE also gave its version of the facts on the Manono lithium project. According to its counsel, Popol Mwamba, “COMINIERE was never associated with the feasibility study of the Manono lithium project when it was supposed to participate in order to make its amendments”.
Contrary to the company AVZ which affirmed that it acted in accordance with the clauses of the Contract of Joint Venture (CJV), the COMINIERE SA regrets the lack of consideration on behalf of its partner. ” Until the compilation of the feasibility study, COMINIERE SA was never informed of my height of investments committed by AVZ in DATHCOM MINING SA for the realization of research work on the first (25%) this, in violation of the provisions of Article 6 (e) of the CJV,” noted lawyer Popol Mwamba.
In addition to this grievance formulated against the feasibility study carried out by AVZ Minéralz, COMINIÈRE SA criticizes its partner for having included the Mpyana Mwanga power plant in this study when it was an exclusive property of COMINIERE because no agreement was signed, specifies Mr. Mwamba, between COMINIÈRE SA and AVZ Power.
COMINIERE is also opposed to the assertion that AVZ owns 75% of the shares fully crystallized by the fact that Jin Chen, Zijin's subsidiary, is not a shareholder of DATHCOM Mining SA. According to her, “the vaunted transfer of 750 shares between AVZ International PTY Limited and Green Holding Lithium PTY LTD is far from meeting the legal and statutory provisions applicable in this case. It follows that all resolutions relating thereto will be null and void”.
Moreover, counsel Popol Mwamba pointed out that in the context of the Manono tin and lithium project, COMINIÈRE SA and the State retain their prerogatives to assess the performance of their performance in the project in relation to the initial commitments. . “And in the event of poor form, a strategic reframing may prove necessary provided that the general interest of all Congolese is safeguarded,” he argued.
Djodjo Mulamba
Now time to crush the cu*ts. These pricks are ousted when the mining licence comes through anyway right?
Should have been made example of as soon as the IGF report was published.
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