Samus
Top 20
Even the audience looks bored to death of more talking.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Even the audience looks bored to death of more talking.
MoneyBags1348
Top 20
@Bin59 and @Sammael
I attached a link that appears to show a move by the DRC to no longer export materials in their raw state to be processed overseas (eg China)
It looks like the move is to process all mined ores in the country under a new African alliance. This would mean AVZ’s offtake agreements along with their contract with CATH would all change and could be part of the delay
I’ve been wrong before but put the link here for others to form their own opinions, maybe it’s what Nigel will put forward at the roadshow.
I’ve had a gut full like everyone else, but I’m still going to hang on to my shares and fight on and not accept corrupt countries, politicians and companies ripping my investment from me.
So speculating, are we being held up partly due to offtake changes
https://mines.cd/la-rdc-decide-desormais-de-ne-plus-exporter-a-letat-brut-ses-ressources-naturelles/
Bin59
Regular
Thanks @MoneyBags1348 - win win 
oxxa23
Regular
I think processing to 6% would tick off as not raw materials in most mining precincts around the world... I'm not certain we'd be required to process more than that...drc wants to make money, but, investors need to be able to get the cash to undertake significant capital outlays for refinement... usually crawl before you walk...
Samus
Top 20
Be nice to tell the Chinese to get rooted with their offtakes and ship PLS elsewhere.
Should be a sellers market if we ever get off the ground
oxxa23
Regular
Mixed emotions today... but, don't thibk news of roadshow etc is for bad reasons.... think it's a "sorry, we still can't say shit, but, be sure we can soon enough."
Anything shy of lots of news would get them lynched at a roadshow... and don't think they can say any underhanded (not for the drc or asx to know about) news either... will be fockers recording every word these blokes say from now on...if not to he used against them at the very least...
So we impatiently wait...
Anything shy of lots of news would get them lynched at a roadshow... and don't think they can say any underhanded (not for the drc or asx to know about) news either... will be fockers recording every word these blokes say from now on...if not to he used against them at the very least...
So we impatiently wait...
Hey Moneybags are you the same person who was going to tear new arseholes for the AVZ team a few days ago
. You and I are similar in some ways I think . On a good day we can see the future and all it's glory . On a bad day someone has to pay for this shit we find ourselves in . 
JAG
Top 20
Is this you back in your younger days? Noticed you have trimmed up a bit......looks familiar mate
Carlos Danger
Top 20
Current offtakes are binding and will be honoured. They are only for 3 years. No further offtakes out of DRC will be allowed. Capital from the offtake sales will be used to help fund processing plant construction.
cruiser51
Top 20
Talking over, over, and over again without making any progress, in other words talking circles, especially in a monotonous voice does promote sleep.
On top of that screw the aircon up to 35C and bingo, you will have to release smelling salt in the aircon inlet to wake the crowd up.
MoneyBags1348
Top 20
Hey Moneybags are you the same person who was going to tear new arseholes for the AVZ team a few days ago
Wombie I’m still looking at the DRC ministers, Mupande and others I still reckon are corrupt and I’m not sure how accurate and clear that link is. It was on the 07/10/22, before the other news (attached below) talking about Julien PalukuI got fooled by the CAMI map of Manono’s PR & PE licenses before (as well as a few other things) and got so excited I rang Frank to tell him we had the mining license, only to realise I got it wrong, so now I am at the point where I’ll be more excited to here how you and Nells get on at the roadshow than all the bullshit coming out of Africa
https://mines.cd/la-rdc-ratifie-le-statut-du-centre-africain-de-developpement-minier/
Last edited:
Samus
Top 20
US government includes Li-ion batteries in list of goods produced by child labor
Valentina Ruiz Leotaud | October 9, 2022 | 1:39 pm Battery Metals Energy Africa China Cobalt Lithium
Artisanal cobalt mining site in DRC. (Reference image by Fairphone, Flickr.)
In the 10th edition of its “List of Goods Produced by Child Labor or Forced Labor,” the US Department of Labor has decided to include lithium-ion batteries among the 158 goods from 77 countries that the department has reason to believe are produced by child labor or forced labor in violation of international standards.
The addition of Li-ion batteries to the list is not due to direct evidence of labor abuses in the final production of this good, but because of the evidence of human exploitation in the mining of cobalt, a key input in the production of the technology.
“The information is out there for companies and consumers to leverage against regimes that promote and prop up exploitative labor practices,” Thea Mei Lee, deputy undersecretary for international affairs, wrote in the report’s opening statement.
The International Labor Organization estimates that 160 million child laborers and 27.6 million forced laborers are working in abusive conditions.
Among them are 40,000 children in the Democratic Republic of Congo who – according to the report – miss school and work to produce cobalt for lithium-ion batteries. The DRC supplies over 70% of the world’s cobalt.
“Entire families may work in cobalt mines in the DRC, and when parents are killed by landslides or collapsing mine shafts, children are orphaned with no option but to continue working,” the report reads. “Both adults and children are also trafficked to work in eastern DRC ‘artisanal’ mines, where much of the abusive labor conditions occur.”
Children as young as six years old have been seen hoisting 80-pound bags containing cobalt ore over their heads and carrying them to processing facilities. They work up to 12 hours a day—24 hours if they are underground.
The extraction of cobalt occurs at large-scale mining sites as well as artisanal and small-scale mining sites in the “copper belt” region of the Haut-Katanga and Lualaba provinces. Artisanal mines – where conditions of child labor are more common – account for 15% to 30% of the DRC’s cobalt production. Once extracted, cobalt from small-scale operations tends to be mixed with that of large-scale mining and refined in preparation for export.
“Due to the prevalence of child labor in mining this critical mineral, the Department of Labor placed cobalt, specifically referred to as ‘cobalt ore (heterogenite),’ on its List of Goods Produced by Child Labor or Forced Labor in 2009. Over a decade later, child labor persists and is increasingly linked to the global supply chain of products made with cobalt, including lithium-ion batteries that power our smartphones, laptops, and electric cars,” the dossier states. “Cobalt ore is heavily concentrated in one country, the DRC, and the import market is dominated by one country: China.”
The DoL’s document points out that, in 2020, China imported 89.4% of its cobalt from the DRC, amounting to $2.17 billion. Once imported, the metal is further refined and integrated into battery chemicals.
“The line of ownership is clear in the supply chain at this stage, as China owns or finances most cobalt mines in the DRC, and China imports almost 90% of its cobalt from the DRC,” the dossier notes. “Chinese companies use cobalt tainted with child labor to manufacture battery components, such as cathodes, which in turn are used to make lithium-ion batteries. Sources estimate that at least half of all cobalt ends up in rechargeable batteries. This creates enormous labor risks for the electronics industry, electric vehicle supply chains, and other goods that depend on lithium-ion batteries.”
One of the main conclusions in the report is that as the world is shifting toward generating clean and renewable energy, it is important for companies to track the cobalt supply chain by acquiring knowledge of trade data, supplier information, transport routes, and processing steps.
Demanding such information and conducting their own research, will give companies “fewer excuses—such as the distance between raw materials and the finished product or supply chain complexity—to point to their lack of accountability in determining if a supply chain is tainted with child labor or forced labor,” the reports states.
US government includes Li-ion batteries in list of goods produced by child labor
The US Department of Labor included lithium-ion batteries among the 158 goods from 77 countries that the department believes are produced by child labor or forced labor.
www.mining.com
cruiser51
Top 20
Processing into PLS is also considered processing.
It depends how far do you wish to go.
Processed battery materials, batteries, cars / other power storage units?
The DRC has to change its infrastructure, same as Australia, to further process down steam.
They have the materials.
They have the manpower.
They have the land.
They have bundles of cheap green power.
They have an offtake market bigger than Ben Hur
They lack decent transport routes.
The inherent bribing custom is an enormous handbrake on progress and should be stopped asap.
Carlos Danger
Top 20
From memory the plan at the battery forum last year was to make the cars in northern Africa (Morocco / Tunisia) and all of the batteries in DRC with materials also coming from Zambia. But talking and action are two different things as we all know too well.
Last edited:
CashKing
Regular
Any good offer Nigel will walk IMO, smack the MLUS government includes Li-ion batteries in list of goods produced by child labor
Valentina Ruiz Leotaud | October 9, 2022 | 1:39 pm Battery Metals Energy Africa China Cobalt Lithium
Artisanal cobalt mining site in DRC. (Reference image by Fairphone, Flickr.)
In the 10th edition of its “List of Goods Produced by Child Labor or Forced Labor,” the US Department of Labor has decided to include lithium-ion batteries among the 158 goods from 77 countries that the department has reason to believe are produced by child labor or forced labor in violation of international standards.
The addition of Li-ion batteries to the list is not due to direct evidence of labor abuses in the final production of this good, but because of the evidence of human exploitation in the mining of cobalt, a key input in the production of the technology.
“The information is out there for companies and consumers to leverage against regimes that promote and prop up exploitative labor practices,” Thea Mei Lee, deputy undersecretary for international affairs, wrote in the report’s opening statement.
The International Labor Organization estimates that 160 million child laborers and 27.6 million forced laborers are working in abusive conditions.
Among them are 40,000 children in the Democratic Republic of Congo who – according to the report – miss school and work to produce cobalt for lithium-ion batteries. The DRC supplies over 70% of the world’s cobalt.
“Entire families may work in cobalt mines in the DRC, and when parents are killed by landslides or collapsing mine shafts, children are orphaned with no option but to continue working,” the report reads. “Both adults and children are also trafficked to work in eastern DRC ‘artisanal’ mines, where much of the abusive labor conditions occur.”
Children as young as six years old have been seen hoisting 80-pound bags containing cobalt ore over their heads and carrying them to processing facilities. They work up to 12 hours a day—24 hours if they are underground.
(Image from the List of Goods Produced by Child Labor or Forced Labor by the US Department of Labor.)
The extraction of cobalt occurs at large-scale mining sites as well as artisanal and small-scale mining sites in the “copper belt” region of the Haut-Katanga and Lualaba provinces. Artisanal mines – where conditions of child labor are more common – account for 15% to 30% of the DRC’s cobalt production. Once extracted, cobalt from small-scale operations tends to be mixed with that of large-scale mining and refined in preparation for export.
“Due to the prevalence of child labor in mining this critical mineral, the Department of Labor placed cobalt, specifically referred to as ‘cobalt ore (heterogenite),’ on its List of Goods Produced by Child Labor or Forced Labor in 2009. Over a decade later, child labor persists and is increasingly linked to the global supply chain of products made with cobalt, including lithium-ion batteries that power our smartphones, laptops, and electric cars,” the dossier states. “Cobalt ore is heavily concentrated in one country, the DRC, and the import market is dominated by one country: China.”
The DoL’s document points out that, in 2020, China imported 89.4% of its cobalt from the DRC, amounting to $2.17 billion. Once imported, the metal is further refined and integrated into battery chemicals.
“The line of ownership is clear in the supply chain at this stage, as China owns or finances most cobalt mines in the DRC, and China imports almost 90% of its cobalt from the DRC,” the dossier notes. “Chinese companies use cobalt tainted with child labor to manufacture battery components, such as cathodes, which in turn are used to make lithium-ion batteries. Sources estimate that at least half of all cobalt ends up in rechargeable batteries. This creates enormous labor risks for the electronics industry, electric vehicle supply chains, and other goods that depend on lithium-ion batteries.”
One of the main conclusions in the report is that as the world is shifting toward generating clean and renewable energy, it is important for companies to track the cobalt supply chain by acquiring knowledge of trade data, supplier information, transport routes, and processing steps.
Demanding such information and conducting their own research, will give companies “fewer excuses—such as the distance between raw materials and the finished product or supply chain complexity—to point to their lack of accountability in determining if a supply chain is tainted with child labor or forced labor,” the reports states.
US government includes Li-ion batteries in list of goods produced by child labor
The US Department of Labor included lithium-ion batteries among the 158 goods from 77 countries that the department believes are produced by child labor or forced labor.
and after all this BS he will walk, wouldn’t you ??? How many shares he has !!! He could try bring it for the next 30 ish years buts that’s a lot of plane tickets to make sure all is going well along with this type of slow DRC BS….. Nige ain’t got time for that imo..
Also Roadshow wtf ????
Massive FOR SALE SIGN if we are still doing Roadshows WTF …...
Should be sorted and MINE getting built up and running NOT doing a fucking road show….
Pay us the Fuxk out and we MOVE ON IMO….
I know a lot won’t agree with that but it’s not like we have a choice in the matter atm..
GLTAH
Let’s hope we don’t get to screwed…
Hi
No company their right mind would make an offer now. Sure let’s drop a few Billion on a resource in a corrupt country where a few people can hold up the worlds biggest hard rock resource for years on end, what could go wrong?
Not saying what you say won’t happen at some stage but I highly doubt the ‘good offer’ part.
But who will make a good offer?Any good offer Nigel will walk IMO, smack the ML
He could try bring it for the next 30 ish years buts that’s a lot of plane tickets to make sure all is going well along with this type of slow DRC BS….. Nige ain’t got time for that imo..
Also Roadshow wtf ????
Massive FOR SALE SIGN if we are still doing Roadshows WTF …...
Should be sorted and MINE getting built up and running NOT doing a fucking road show….
Pay us the Fuxk out and we MOVE ON IMO….
I know a lot won’t agree with that but it’s not like we have a choice in the matter atm..
GLTAH
Let’s hope we don’t get to screwed…
No company their right mind would make an offer now. Sure let’s drop a few Billion on a resource in a corrupt country where a few people can hold up the worlds biggest hard rock resource for years on end, what could go wrong?
Not saying what you say won’t happen at some stage but I highly doubt the ‘good offer’ part.
Similar threads
