Xerof
Flaming 1967
Well , between getting rid of the prick, and appointing the next ghost, can we have our ML please
AVZ Discussion 2022
- Thread starter GazDix
- Start date
DiscoDanNZ
Regular
Zijin and Cong said they weren't being given enough on a silver platter so we have to increase the resource since we can't cap raise for snack payments while in suspension.
CeckRaiseFold
Regular
@Charbella thank you so much for sharing this. It solidifies what I believe is at the core of our suspension and that is the funny business that must be going on at CAMI.
Just days after the MoM issued the decree to issue Dathcom the ML it all fell apart and we've been in suspension ever since. Having read this article it confirms that CAMI runs its own business, interprets the mining code and issues licences to whoever they see fit. Their mafia shows a very well connected and vertically integrated shadow business that extended right up from the presidents closest advisors to the mandatory Congolese mining JV entities and CAMI. I cannot help but think that the recent USA interests in DRC's resources, their insistence to clean up corruption in the mining sector and this revelation in a Swiss newspaper of an undercover sting are not somehow connected.
We do not know how easily and how many beans Vidiye will spill and how fast authorities will act on it and therefore this can drag out some time, but overall I see this as positive for AVZ. As a minimum everybody in the mafia is on notice.
As long as AVZ are & were squeaky clean when they acquired the tenement back in 2016. In the back of my mind that slimey German prick Klaus was involved back then and that concerns me a little.
If we are squeaky clean with the Yanks getting involved we will be fine.
Samus
Top 20
"The descent into hell of the "special" Vidiye Tshimanga will certainly have consequences for his neighbor at the CTC, Jean-Félix Mupande."
Samus
Top 20
Be nice to think Felix might have organised the sting operation to weed out these crooks and be empowered to get rid of them. Guess time will tell as usual.
Interesting they call Jean-Felix 'the phantom', there is rarely any media about the slippery bastard as noted previously.
One imagines the fucker has been sitting on his hands waiting for his duffel bag of cash, hopefully now he'll push AVZ through under threat of the pineapple treatment in jail.
Interesting they call Jean-Felix 'the phantom', there is rarely any media about the slippery bastard as noted previously.
One imagines the fucker has been sitting on his hands waiting for his duffel bag of cash, hopefully now he'll push AVZ through under threat of the pineapple treatment in jail.
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Azzler
Top 20
USA: Hi Felix, we want your battery minerals, and we'll pay top dollar for it, we'll treat your people with respect, as well as ensure it's above board, and that no that criminals profit from our buisiness, unlike all your dealings with the chinese scumbags.
However you must rid yourselves of the obvious corruption first, and we need some very public displays to assure our citizens we arent investing in corruption.
DRC: Oh wonderful but we are burdened with suffocating corruption, just look at AVZ, we can't even get them a mining licence. We don't hold enough power to expose the criminals. Help us!
USA: Hold my beer...
DRC: Oh our corruption has been exposed!
USA: Ok cool, now let me get out my cheque book.... Who do I make the billions out to?
I dunno folks, I'm seeing events linking up. AVZ can't get it's licence due to corruption, USA enterers stage right, makes a statement that DRC must clean up corruption, suddenly there's a video Expose'. And it's the very process and players holding up the mining licence.
Lets see what happens next?
However you must rid yourselves of the obvious corruption first, and we need some very public displays to assure our citizens we arent investing in corruption.
DRC: Oh wonderful but we are burdened with suffocating corruption, just look at AVZ, we can't even get them a mining licence. We don't hold enough power to expose the criminals. Help us!
USA: Hold my beer...
DRC: Oh our corruption has been exposed!
USA: Ok cool, now let me get out my cheque book.... Who do I make the billions out to?
I dunno folks, I'm seeing events linking up. AVZ can't get it's licence due to corruption, USA enterers stage right, makes a statement that DRC must clean up corruption, suddenly there's a video Expose'. And it's the very process and players holding up the mining licence.
Lets see what happens next?
As long as it happens quickly . They can sort all this shit while we are building a mine .USA: Hi Felix, we want your battery minerals, and we'll pay top dollar for it, we'll treat your people with respect, as well as ensure it's above board, and no that criminals profit from our buisiness, unlike all your dealings with the chinese scumbags.
However you must rid yourselves of the obvious corruption first, and we need some very public displays to assure our citizens we arent investing in corruption.
DRC: Oh wonderful but we are burdened with suffocating corruption, just look at AVZ, we can't even get them a mining licence. We don't hold enough power to expose the criminals. Help us!
USA: Hold my beer...
DRC: Oh our corruption has been exposed!
USA: Ok cool, now let me get out my cheque book.... Who do I make the billions out to?
I dunno folks, I'm seeing events linking up. AVZ can't get it's licence due to corruption, USA enterers stage right, makes a statement that DRC must clean up corruption, suddenly there's a video Expose'. And it's the very process and players holding up the mining licence.
Lets see what happens next?
maybe the princess of MOM can sign off on the surface rights?
Frank
Top 20
Move over gold, lithium is the safe haven now
Lithium stocks continue to outperform the broader metals cohort as investors look desperately for a place to stash their cash.Lithium prices continue to climb new heights and experts aren’t shocked one bit
A commodities expert says its unclear what China can do to put the brakes on lithium prices with EV sales continuing to grow, as Pilbara Minerals sets yet another record price for lithium raw materials.Last week’s ninth auction on the Pilgangoora miner’s Battery Material Exchange bidding platform scored a haul of US$6988/t for a 5000t cargo of 5.5% pure spodumene concentrate.
Given pricing is typically done on a 6% Li2O (lithium oxide) benchmark, the actual take effectively was US$7708/t as the processor who bought the more than $50 million package will need to remove more waste.
That is processed into one of two general lithium chemicals for electric vehicle batteries, lithium hydroxide or lithium carbonate, both fetching more than US$70,000/t in the domestic market in China.
It’s an extraordinary outcome given PLS was selling contracted spodumene, the lithium rich concentrate produced at hard rock deposits in WA, for less than US$500/t this time in 2020, a mark of how quickly the EV sector has grown.
Clearly converters in China and elsewhere in South East Asia remain far more worried about securing supply than their material costs, with EV sales continuing to expand.
“The continuing escalations in prices for both lithium salts and spodumene are a clear reminder that we are still very much in the grips of a major supply shortage, which shows little sign of abating in the near-term,” Fastmarkets senior price development manager Peter Hannah told Stockhead.
Hannah is hardly shocked by the scale of this month’s escalation, which pounded like a pogo stick from August’s implied price of US$7,012/t.
“I don’t think we should be too surprised. These prices are merely a reflection of market conditions and what the marginal buyer is willing to pay,” he said.
“So long as there is still an incentive to produce EVs at these price levels there is no real reason for them to fall until we see a meaningful supply response.
“Demand destruction is a potential concern, but for the time being EV demand is still being driven by affluent early-adopters, and there are still long queues for most EV models.”
Fastmarkets currently says lithium carbonate is selling domestically on China’s spot market at a mid-point of 517,500 RMB and hydroxide for 515,000 RMB, ~US$72,600/t and US$72,500/t respectively.
At prices above 500,000RMB per tonne Chinese authorities have tended to ring the bells on “stablilisation”, a bit of a code word for when the Communist Party thinks prices of commodities sold into the country from Australia like lithium and iron ore are too damn high.
This is again unsurprising and something Hannah says it is unclear whether China will be able to get a handle on.
“I think China’s MIIT has something of a line in the sand at the 500,000 yuan per tonne level, as we’ve seen comments urging stabilisation whenever prices have touched that level,” he said.
“We are already through that level in the domestic market though, and what it can actually do to subdue prices is unclear.”
Back in red hot lithium form
The hammering local lithium stocks copped in the wake of Goldman’s wrecking ball report has given way to their biggest boom yet.Lithium partnerships aplenty as car manufacturers race towards EV transition
Against the backdrop of sky-high lithium prices, which saw EXW China (battery) amounts top US$71,575 recently – lithium partnerships are beginning to pop-up all over the shop as carmakers and battery manufacturers catch on to the idea that there is simply not enough of the stuff to go around.As Stockhead deputy editor Reuben Adams reported, we need more than 300 new mines to feed a 500% increase in battery demand by 2035 – for lithium specifically, this means roughly 74 new lithium mines with an average size of 45,000 tonnes.
Securing access to critical minerals for batteries has therefore become ever more important amid the global automakers expedited transition to EVs.
One recent example of this is South Korea’s electronics giant LG Energy Solution who signed partnership agreements with three major Canadian miners to lock in lithium and cobalt supply last Friday.
In a bid to establish a battery supply chain within North America, LGES revealed collaborations with NASDAQ listed Electra Battery Materials Corporation and Snow Lake Resources as well as with TSX player Avalon Advanced Materials Inc at a ceremony held in Toronto, Canada.
Two non-binding MoUs were signed with Snow Lake Resources and Avalon for a stable supply of lithium while a binding term sheet was locked in with Electra for 7,000t of cobalt sulphate for three years starting in 2023.
Avalon will supply LGES with lithium hydroxide(11,000 tons per year) for five years initially, starting in 2025 whereas Snow Lake will supply lithium hydroxide (20,000 tons per year) for ten years once production starts in 2025.
As a leading global manufacturer of lithium-ion batteries, LGES has been at the forefront in securing key raw materials for EV battery production, inking multiple agreements and MoUs with various suppliers.
More Food for thought on the Road to Mining Manono
Cheers
Frank
Frank
Top 20
*Fyi, some more "Good Stuff" to add to all the other stuff, good luck keeping up with all the implications, as
Volkswagen teams up with Umicore on battery materials
Volkswagen announced on Monday a $2.9 billion battery parts joint venture with Belgian materials firm Umicore, becoming the latest European automaker to bring battery supplies closer to home in the shift towards electric vehicles.
While raw materials – among them lithium, cobalt, nickel and manganese – will still be largely sourced from across the world, cathode production for batteries will take place in Europe under the joint venture, most likely at Umicore’s Poland plant.
The venture – between Umicore and Volkswagen’s battery unit PowerCo – also plan to collaborate on recycling metals from battery materials, the firms said, without giving a timeframe.
Europe’s automakers are scrambling to secure stakes in the growing number of plants on the continent turning raw materials into batteries as political pressure grows to bring the supply chain, currently dominated by Asian players, closer to home.
Volkswagen is aiming for 70% of its sales in Europe to be fully electric vehicles by 2030, and is increasingly trying to fence in its supply chains by region to protect them from geopolitical tensions and reduce transport costs.
But Europe’s battery industry is still in its infancy, with attempts to mine raw material in countries from Germany to Portugal held up by red tape and recycling facilities unable to develop at scale without the raw material on hand.
Under the 3 billion euro ($2.9 billion) joint venture, which the companies flagged in December, Umicore will produce enough battery precursor and cathode material for 160 gigawatt hours (GWh) of battery capacity – enough for 2.2 million vehicles.
It will start with material for 40 GWh of capacity by 2026 at Volkswagen’s first battery plant in Salzgitter, Germany. The carmaker plans to build six battery factories in Europe totalling 240 GWh of capacity by 2030.
There is a “strong industrial logic” to locating production at Umicore’s newly inaugurated battery materials plant in Nysa, Poland, Umicore CEO Mathias Miedreich said, adding a decision would be taken “rather quickly”.
Umicore said last week it saw potential to increase the capacity of the plant, which began production in July, to over 200 GWh in the second half of the decade, enough to power around three million electric vehicles.
The companies also agreed that Umicore would refine cathode material for the first 60 GWh of capacity.
mining.com
cruiser51
Top 20
If I was Vidiye Tshimanga, I wouldn't feel very comfy in jail anywhere in the world, too much money, too much interests and too many people would love to shut him up before he sings too much."The descent into hell of the "special" Vidiye Tshimanga will certainly have consequences for his neighbor at the CTC, Jean-Félix Mupande."
Just a thought, in certain circles life is cheap.
Coz we are building a great big giant fuk-off-mine full of juicy spod that the world can't get enough of.
CashKing
Regular
FFS Frank I’ve got heaps of gold also….
I’m like yesssss but wait noooo…
Man I can’t win sometimes with those articles wtf
Can’t we just have Lithium, gold & silver for the win
and move over going to work or something 
That’s an article I’d love to read over and over again..
Weathers warming up a tad let’s hope AVZ are doing the same.
GLTAH
Don't think so mate to important for the bosses re election. Christ the other bloke walked away 50 mil in gold and Christ knows what else but you can bet it was shit loads. But couldn't give fuck all we want is the ml not that hard you would think. The bat is right just sort our ml then go berserk on corruption while your making money. Jesus is that concept that hard for these pricks to comprehend. These pricks are doing my fu%^ing head in.
cruiser51
Top 20
I wouldn't be surprised if a certain Simon would like him to permanently be silenced.
A paper bag with 5 sweet potatoes will highly likely do the trick in jail.
Samus
Top 20
It's a full blown culture of corruption they just think they're doing what everyone does, even the regular people seem have a bizzare sense that's it's sort of OK because it's just what everyone does. I guess they would do it too if they were in a position to do so. So there seems to be a level of sympathy for the corrupt who are caught and not much sense of injustice when they also get off pretty much scot-free as should be expected when they can pay off the judge.
I don't think they even think about it in the same terms as us.
The cops don't get paid so they extort money out of the people as do the military and everyone else in public office/government or any sort of position of power. I'm not even sure you'd call it extortion, just the way of things. It's mental.
One article I posted a while back was saying that the traffic cops in Kinshasa who are straight are beloved by the people and so receive 'gifts' instead of bribes.
I bet it's an alien concept over there that some foreign company can come in and receive anything without paying off the appropriate officials.
I don't think they even think about it in the same terms as us.
The cops don't get paid so they extort money out of the people as do the military and everyone else in public office/government or any sort of position of power. I'm not even sure you'd call it extortion, just the way of things. It's mental.
One article I posted a while back was saying that the traffic cops in Kinshasa who are straight are beloved by the people and so receive 'gifts' instead of bribes.
I bet it's an alien concept over there that some foreign company can come in and receive anything without paying off the appropriate officials.
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