CashKing
Regular
Careful Zijin don’t get wind of that sweet deposit….
AVZ Discussion 2022
- Thread starter GazDix
- Start date
They're only gonna mine 15% of the pineapples, the rest will be dumped in the tailings and sold at a 6% discount.
Frank
Top 20
*Ditto, Fyi, Re:- US / China / EU and Ursula atm, as
EU to introduce new critical minerals legislation
European Commission President Ursula von der Leyen on Wednesday announced the European Critical Raw Materials Act, as the bloc seeks to shore up supplies of minerals such as lithium and rare earths.In her State of the Union address, Von der Leyen said that almost 90% of rare earths and 60% of lithium were processed in China.
“A single country currently dominates almost the entire market.
We must avoid becoming dependent again, as with oil and gas,” she said.
Through the legislation, the EU would identify potential strategic projects along the supply chain and build up reserves where supply was at risk.
“We know this approach can work. Five years ago, Europe launched the Battery Alliance and soon, two-thirds of the batteries we need will be produced in Europe.
"Last year, I announced the European Chips Act and the first chips gigafactory will break ground in the coming months.
We now need to replicate this success,” she said.
The EU expects its demand for rare earths alone to increase fivefold by 2030.
To ensure sufficient supply, the EU would need to renew its relationship with key partners. Von der Leyen said that agreements with Chile, Mexico and New Zealand would be submitted for ratification and that the bloc was advancing negotiations with major partners, such as Australia and India.
miningweekly
‘EV sales have appeared inelastic’ to high lithium prices
The lithium market is forecast to move to mounting deficits from 2023 onwards, but supply from ‘probable’ and ‘low-risk possible’ projects could potentially keep the market balanced through to 2025, according to a recent presentation by SFA (Oxford) and Sibanye-Stillwater.Analysts from SFA (Oxford) noted while prices may have peaked, they remain at extremely high levels for both lithium carbonate and lithium hydroxide and are expected to reach a floor in 2024, before rising again to incentivise higher-risk projects.
“BEV sales in China doubled in H1 2022, capturing 61% of global sales over the period and almost all of the top 15 EV markets registered positive year on year growth in sales despite declining overall vehicle sales,” the analysts noted.
“So far in 2022, EV sales have appeared inelastic to battery metal prices which could be due to a number of factors including strong demand pull, OEMS not passing on rising production costs, boost in EV demand as a result of up pent-up savings post COVID, and OEMS prioritising EV production during chip shortages.”
Biden announces $900 million for US EV charging funding out of $5 billion approved by Congress
Frank
Top 20
Well that’s it then… I’m flying down
Cooperation: the USA disburses 1 billion USD in favor of the DRC
The United States has just disbursed 1 billion US dollars in favor of the Democratic Republic of Congo for the relaunch of the new cycle of cooperation between the two countries.
This good news was announced by the US Ambassador to the post in the DRC, Stéphanie Miley to the President of the National Assembly, Christophe Mboso during a meeting held on Wednesday September 14, 2022.
This fund will finance several projects in the public domain, among others, education, health, and the promotion of governance, according to Uncle Sam's country charge in the DRC.
“We discussed with the President of the National Assembly on a certain number of subjects related to the next cycle of cooperation program between our two countries with the amount of 1 billion dollars voted by the USA to help the Congolese people” , said the American diplomat.
It was also a question for the two personalities to make an assessment around certain laws which are currently being debated at the level of the upper and lower houses of the Congolese parliament, but also of the security situation in the east of the country.
It should be noted that, apart from the financing of the new development program of the DRC, Washington also finances the electoral process in progress in the DRC, with an additional disbursement, a few days ago, of 13 million dollars in favor of the Democratic Republic of Congo.
Despite the downward revision in the sub-Saharan economic zone: Congolese economic growth forecasts remain positive (World Bank)
In its semi-annual report published this Wednesday, September 14, the World Bank informs that the DRC's economic growth forecasts for the year 2022 remain positive, i.e. 6%, which represents a difference of 1.2% more compared to its forecast in early January of this year.
On the other hand, the situation is not good in the economic zone of Sub-Saharan Africa. According to the economists of this institution, the sub-Saharan zone should expect a drop in growth forecast for the end of this year, i.e. 4.5%, reflecting a drop of 0.4% compared to forecasts at the beginning of January.
Among the factors that weigh down the outlook for economic growth this year, World Bank economists note the persistence of the Ukrainian crisis, which is affecting the prices of energy resources, in particular oil, gas (Russia being one of the most large producers) which, by domino effect, is fueling inflation in both developed and emerging economies.
Indeed, if the Congolese economy is showing resilience in the face of the crisis that is falling on a global scale, certain economists point out, it is in particular because of the good performance of the prices of the key raw materials exported by the country, including cobalt and copper.
* Now if they could only throw Lithium and Tin into that Economic Mix as well
Not to mention the fact what the US would want in return for their US $1 billion dollars
The Mind Boggles
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Nellie17
Regular
Good morning Xerof,
Firstly you won't get any reaction from me re tendoji, der geist, r2d2, Lou fan choo or what ever else he's calling himself these days. As I said previously, when this mess is over, the truth of what a low life he is, will be revealed.
IMO, Cath will not be going anywhere.
Wombie, you have to understand, Fox might have missed on a few time lines, (myself also) but so has the avz board (approx 7 extensions), I'm positive they thought this mess would have been sorted during their announced time lines. They also can only go on what they've been told by in country officials when things should be sorted.
I also wouldn't be putting my money on PLL being a new partner (not of any significance) atleast not yet.
I'd be thinking any new partner would more than likely be a world leader in their field. I'm sure management have not been sitting idle.
Re Klaus & Cong, imo, their odour is still there, but it is slowly discipitating.
It is my belief that Zinjin are out of the picture and the icc process is just a formality now to be closed off. Until this happens, is this the reason or atleast one of the reasons the ML hasn't been issued yet? Hopefully all will be sorted out in the very near future (days not weeks) and the ML can be issed.
I'm also looking forward to a few updates from the company with recent works that have been carried out.
Surely we can't be too far away now & when it does happen I think I might make my way down to Melbourne to join in the festivities!
Cheers,
Nells
Sparrowhawk12
Regular
Hi Frank. Love your posts. Can you please share the web link / source for the US $1B to DRC story? I googled but can't find. If true, its auspicious on the back of Amos' visit for the preceding 2 days. Tx Sparrowhawk.Cooperation: the USA disburses 1 billion USD in favor of the DRC
View attachment 16665
The United States has just disbursed 1 billion US dollars in favor of the Democratic Republic of Congo for the relaunch of the new cycle of cooperation between the two countries.
This good news was announced by the US Ambassador to the post in the DRC, Stéphanie Miley to the President of the National Assembly, Christophe Mboso during a meeting held on Wednesday September 14, 2022.
This fund will finance several projects in the public domain, among others, education, health, and the promotion of governance, according to Uncle Sam's country charge in the DRC.
“We discussed with the President of the National Assembly on a certain number of subjects related to the next cycle of cooperation program between our two countries with the amount of 1 billion dollars voted by the USA to help the Congolese people” , said the American diplomat.
It was also a question for the two personalities to make an assessment around certain laws which are currently being debated at the level of the upper and lower houses of the Congolese parliament, but also of the security situation in the east of the country.
It should be noted that, apart from the financing of the new development program of the DRC, Washington also finances the electoral process in progress in the DRC, with an additional disbursement, a few days ago, of 13 million dollars in favor of the Democratic Republic of Congo.
Despite the downward revision in the sub-Saharan economic zone: Congolese economic growth forecasts remain positive (World Bank)
In its semi-annual report published this Wednesday, September 14, the World Bank informs that the DRC's economic growth forecasts for the year 2022 remain positive, i.e. 6%, which represents a difference of 1.2% more compared to its forecast in early January of this year.
On the other hand, the situation is not good in the economic zone of Sub-Saharan Africa. According to the economists of this institution, the sub-Saharan zone should expect a drop in growth forecast for the end of this year, i.e. 4.5%, reflecting a drop of 0.4% compared to forecasts at the beginning of January.
Among the factors that weigh down the outlook for economic growth this year, World Bank economists note the persistence of the Ukrainian crisis, which is affecting the prices of energy resources, in particular oil, gas (Russia being one of the most large producers) which, by domino effect, is fueling inflation in both developed and emerging economies.
Indeed, if the Congolese economy is showing resilience in the face of the crisis that is falling on a global scale, certain economists point out, it is in particular because of the good performance of the prices of the key raw materials exported by the country, including cobalt and copper.
* Now if they could only throw Lithium and Tin into that Economic Mix as well atm
Not to mention the fact what the US would want in return for their 1 billion US dollars
The Mind Boggles
View attachment 16667
View attachment 16669
View attachment 16666
View attachment 16668
antimatter
Regular
Having lived and worked in corrupted countries, I can see things never move as expected when there's no brown paper bag to oil the process.
Skar
Regular
Try doing google image searches https://www.mediacongo.net/article-...ssent_1_milliard_usd_en_faveur_de_la_rdc.html
Took 10 seconds.
I think this extension is an important one and needs to be the last . I like the idea of the ICC process being a formality to close it off. I just get sceptical when a date or time line (in this case September ) is mentioned. I don't think it has anything to do with holding up the ML . We've never held the 15% . The ML was always being issued without it. The company has never said we need to secure the 15% first . If that had changed then they would have needed to update SH . I'll be lowering my expectations if there is another extension .
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I like this sentence
"The Company is confident of a positive outcome for it’s shareholders, resulting in the re-instatement of trading in its securities"
They have mentioned being confident before , but this time they added "the re-instatement of trading ." The heat they must be
getting from punters wanting access to their own money must be blistering . Time has run out for suspension extensions imo .
"The Company is confident of a positive outcome for it’s shareholders, resulting in the re-instatement of trading in its securities"
They have mentioned being confident before , but this time they added "the re-instatement of trading ." The heat they must be
getting from punters wanting access to their own money must be blistering . Time has run out for suspension extensions imo .
TDITD
Top 20
I agree, an they have wisely left room for the words 'Super-Duper' to be strategically placed in the next extension announcement.
I'd say they would be getting and feeling the heat. Imo that's why they pushed it out further to four weeks this time.
Or conversely its been pushed to four weeks to allow both PLL and AVZ time to negotiate and sign off on contracts to replace CATL, I don't reckon its a co-incidence the yanks are in town suddenly talking about lithium and cobalt and we just happen to have the biggest deposit in DRC ready to begin construction. Possibly JV on northern tenement of our original holding containing CDL ?
buuuuuut from scratch to mining is 5-7yrs for hard rock mines will they wait that long ?
Sparrowhawk12
Regular
Thanks Skar. LOL me. I should have searched in French. Or, just check mediacongo daily
cruiser51
Top 20
I would not be surprised that CATH is bucking and saying hang on a minute, we made an offer of US$240 million for 24% of Dathcom with 13359 fully in tact, now it suddenly is about 30% smaller, so we should be paying about 30% or about US$70 million less.
The direct result of this is that the whole funding bit has to be reworked unless the 30% of 13359 can be regained.
Just a thought, CATH wouldn't accept a 30% reduction in the license for Dathcom and not try to pay 30% less, in my eyes.
It would be like buying a car and suddenly the rear 30% including the rear wheels are missing.
If CATH would try this, AVZ probably can drop the CATH deal, without having to pay the $20 million, but the entire Chinese fleet would scream blue murder.
The DRC has made this very messy and are starting to look like a bunch of absolute wankers.
By the time they are ready to play ball, the lithium window of opportunity could be closed and the world has moved on to the sodium battery.
Just my thought.
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Perhaps why the new drilling campaign on a 401mt resource? Already f’ing massive. Was there any real need to drill more now?
Mickyb64
Regular
That's my concern, by the time the DRC pull their finger out Lithium maybe old news.
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