AVZ Discussion 2022

[Misfits]

Does the judgment of the Ministry of Mines block the start of lithium mining, condemning the development of Manono?
https://t.co/WaAu7FcOze

 

[Samus]

Does the judgment of the Ministry of Mines block the start of lithium mining, condemning the development of Manono?
https://t.co/WaAu7FcOze

“The Ministerial Decree granting PE13359 is revoked and cannot produce any effect. »
NEWSECONOMY

Does the judgment of the Ministry of Mines block the start of lithium mining, condemning the development of Manono?​

February 7, 2023
Kiki Kienge

By Kiki Kienge
Should we expect a new legal saga in the teleNovelas on Manono's lithium? Who would benefit from this, COMINIERE, the Australians of AVZ Minerals, the “Mauritians” of MMCS or the Chinese of ZIJIN?
What is certain is the population of Manono and Tanganyika in particular, in general all the Congolese people who still have to take their troubles patiently to see the effective exploitation of their lithium which should further boost the economy of this country of Lumumba.
With this ministerial decree granted by the Minister of Mines of the DR Congo, the courts and tribunals risk being the next field of exploitation of Congolese lithium.
The Ministerial judgment n° 00031 case mines /01/2025 OF JAN 28, 2023, in fact would block the first Ministerial judgment n° 00145/CAB.MIN/MINES/01/2022 of April 22, 2022 granting the permit to exploitation 13359 to the company DATHCOM MINING SA.
This is following an appeal from COMINIERE (La Congolaise d'Exploitation Minière) of December 07, 2022 (letter reference: CEM/DG/138/ckk/2022), which is in particular a shareholder in the joint venture DATHCOM MINING SA owning 25% of the shares, including 15% and 5% illegally sold (according to the IGF), respectively to the Chinese group ZIJIN is owned by the Mauritius company MMCS, with the world giant of lithium, the Australian company AVZ Minerals which it owns 75% of the shares of DATHCOM MINING SA.
La COMINIERE in the letter of its appeal declares to be wronged by its Australian partner AVZ Minerals, accusing it of lack of harmony and cooperation, of overcharging and of putting forward incorrect figures. In particular to want to illegally regain possession of the hydroelectric power station of Mpiana Mwanga which is a property of COMINIERE… Moreover, COMINIERE considers null the sale of 60% of the shares of DATHOMIR to AVZ Minerals for non-communication of information between shareholders according to the joint venture contract.
Given the millions of American dollars already spent on the Manono project by AVZ Minerals, which speaks of more or less 100 million American dollars, this decision by the Minister of Mines, Antoinette N'samba Kalambayi only opens a legal series which will only further delay the exploitation of lithium in Tanganyika, whose population of Manono is waiting impatiently for its development.
In its latest report, the global lithium giant, AVZ Minerals on its part declares and confirms :

• AVZ has confirmed and continued to defend its legal rights to a 75% stake in Dathcom Mining SA (“Dathcom Mining”).
• Its pre-emption rights over 15% of Cominière's 25% interest in the Manono project.
• AVZ highlights the report of the General Inspectorate of Finance of the DRC (IGF) on the mismanagement of mining assets in the DRC by Congolaise d'Exploitation Minière ("Cominiere").

In detail, here is the Ministerial Order of January 28, 2023 of the Minister, Antoinette N'samba Kalambayi:
MINISTERIAL ORDER n° 00031 case mines /01/2025 OF 28 JAN 2023 REPORTING MIN RIEL ORDER N° 00145/CAB.MIN/MINES/01/2022 GRANTING OPERATING PERMIT N° 13359 TO DATHCOM MINING SA
THE MINISTER ,
Having regard to the Constitution, as amended by Law No. 11/002 of January 20, 2011 revising
certain articles of the Constitution of the Democratic Republic of Congo of February 18, 2006, especially in its articles 93, 202 point 36 littera f and 203 point 16;
Having regard to Law No. 007/2002 of July 11, 2002 on the Mining Code, as amended and supplemented by Law No. 18/001 of March 9, 2018, especially in its articles 10;
Given Ordinance No. 22/002 of January 07, 2022 on the organization and functioning of the
Government, methods of collaboration between the President of the Republic and the Government as well as between the members of the Government;
Having regard to Ordinance No. 22/003 of January 7, 2022 setting the powers of the Ministries, especially in its article 1° B, point 35;
Having regard to Ordinance No. 21/012 of April 12, 2021 appointing Deputy Prime Ministers,
Ministers of State, Ministers, Deputy Ministers and Deputy Ministers;
Considering Decree No. 038/2003 of March 26, 2003 on Mining Regulations, as amended and supplemented by Decree No. 18/024 of June 08, 2018;
Reviewed Ministerial Order No. 00145/CAB.MIN/MINES/01/2022 of April 22, 2022 granting operating permit 13359 to DATHCOM MINING SA; Considering the appeal of the Congolese mining company (COMINIERE), shareholder in DATHCOM MINING SA, formed by its referenced letter CEM/DG/138/ckk/2022 of December 07, 2022; Considering that harmony and healthy cooperation between the shareholders of DATHCOM MINING SA constitute prerequisites for any mining operation by this company, with a view to saving the Manono Lithium project; Considering that the situation of misunderstandings, persistent conflicts, recurring disagreements between shareholders and taking the project hostage, exacerbated by the signing of Ministerial Order No. 00145/CAB.MIN/MINES/01/2022 of April 25, 2022, is likely to paralyze the operation of Lithium and to prevent the State from channeling the products resulting from the 13359 operating permit;
Considering the necessity and the urgency,
ORDERS:
Article 1:
Ministerial Decree n° 00145/CAB.MIN/MINES/01/2021 of April 25, 2022 granting the Exploitation License n° 13359 to the company DATHCOM MINING SA is reported and cannot produce any effect.
Article 2:
The Secretary General for Mines and the Director General of the Mining Cadastre are responsible, each as far as he is concerned, for the execution of this Order which comes into force on the date of its signature.
Done in Kinshasa, 4 JAN 2023

Antoinette N'SAMBA KALAMBAYTI

 

[Thaz]

You hogged Nigel for most of the drinks / canapés, you were pretty much the first out of the blocks on the Q’s session re CR.

Jean flares more suited to yonder years, black lace less boots with a bit of a heal. Harbour bridge grey, knitted piped top.

Bald as a Coote.

And a whining voice.

I was there. Was in Europe for this years.

I hold plenty of AVZ shares, just wish I had sold a lot more when I did.

We need to hold the BOD accountable, what’s wrong with that.

Threatening violence tells a lot about someone’s character IMO.

Ps. Can anyone vouch, did moneybags where the same outfit this year? Would not surprise me if he did.

Oh fuck off you cunt.

 

[Bonsoir]

You hogged Nigel for most of the drinks / canapés, you were pretty much the first out of the blocks on the Q’s session re CR.

Jean flares more suited to yonder years, black lace less boots with a bit of a heal. Harbour bridge grey, knitted piped top.

Bald as a Coote.

And a whining voice.

I was there. Was in Europe for this years.

I hold plenty of AVZ shares, just wish I had sold a lot more when I did.

We need to hold the BOD accountable, what’s wrong with that.

Threatening violence tells a lot about someone’s character IMO.

Ps. Can anyone vouch, did moneybags where the same outfit this year? Would not surprise me if he did.

Come on modo stay on topic.

Starting to sound like fucking hoots on crapper and no doubt he’s lerking here in the shadows also.

 

[Doc]

Would love to know what Modo has on @zeeb0t? Naked pics maybe?
I guarantee the asshat has been reported dozens of times yet is allowed to post crap ad nauseam

 

[wombat74]

“The Ministerial Decree granting PE13359 is revoked and cannot produce any effect. »
NEWSECONOMY

Does the judgment of the Ministry of Mines block the start of lithium mining, condemning the development of Manono?​

February 7, 2023
Kiki Kienge

By Kiki Kienge
Should we expect a new legal saga in the teleNovelas on Manono's lithium? Who would benefit from this, COMINIERE, the Australians of AVZ Minerals, the “Mauritians” of MMCS or the Chinese of ZIJIN?
What is certain is the population of Manono and Tanganyika in particular, in general all the Congolese people who still have to take their troubles patiently to see the effective exploitation of their lithium which should further boost the economy of this country of Lumumba.
With this ministerial decree granted by the Minister of Mines of the DR Congo, the courts and tribunals risk being the next field of exploitation of Congolese lithium.
The Ministerial judgment n° 00031 case mines /01/2025 OF JAN 28, 2023, in fact would block the first Ministerial judgment n° 00145/CAB.MIN/MINES/01/2022 of April 22, 2022 granting the permit to exploitation 13359 to the company DATHCOM MINING SA.
This is following an appeal from COMINIERE (La Congolaise d'Exploitation Minière) of December 07, 2022 (letter reference: CEM/DG/138/ckk/2022), which is in particular a shareholder in the joint venture DATHCOM MINING SA owning 25% of the shares, including 15% and 5% illegally sold (according to the IGF), respectively to the Chinese group ZIJIN is owned by the Mauritius company MMCS, with the world giant of lithium, the Australian company AVZ Minerals which it owns 75% of the shares of DATHCOM MINING SA.
La COMINIERE in the letter of its appeal declares to be wronged by its Australian partner AVZ Minerals, accusing it of lack of harmony and cooperation, of overcharging and of putting forward incorrect figures. In particular to want to illegally regain possession of the hydroelectric power station of Mpiana Mwanga which is a property of COMINIERE… Moreover, COMINIERE considers null the sale of 60% of the shares of DATHOMIR to AVZ Minerals for non-communication of information between shareholders according to the joint venture contract.
Given the millions of American dollars already spent on the Manono project by AVZ Minerals, which speaks of more or less 100 million American dollars, this decision by the Minister of Mines, Antoinette N'samba Kalambayi only opens a legal series which will only further delay the exploitation of lithium in Tanganyika, whose population of Manono is waiting impatiently for its development.
In its latest report, the global lithium giant, AVZ Minerals on its part declares and confirms :

• AVZ has confirmed and continued to defend its legal rights to a 75% stake in Dathcom Mining SA (“Dathcom Mining”).
• Its pre-emption rights over 15% of Cominière's 25% interest in the Manono project.
• AVZ highlights the report of the General Inspectorate of Finance of the DRC (IGF) on the mismanagement of mining assets in the DRC by Congolaise d'Exploitation Minière ("Cominiere").

In detail, here is the Ministerial Order of January 28, 2023 of the Minister, Antoinette N'samba Kalambayi:
MINISTERIAL ORDER n° 00031 case mines /01/2025 OF 28 JAN 2023 REPORTING MIN RIEL ORDER N° 00145/CAB.MIN/MINES/01/2022 GRANTING OPERATING PERMIT N° 13359 TO DATHCOM MINING SA
THE MINISTER ,
Having regard to the Constitution, as amended by Law No. 11/002 of January 20, 2011 revising
certain articles of the Constitution of the Democratic Republic of Congo of February 18, 2006, especially in its articles 93, 202 point 36 littera f and 203 point 16;
Having regard to Law No. 007/2002 of July 11, 2002 on the Mining Code, as amended and supplemented by Law No. 18/001 of March 9, 2018, especially in its articles 10;
Given Ordinance No. 22/002 of January 07, 2022 on the organization and functioning of the
Government, methods of collaboration between the President of the Republic and the Government as well as between the members of the Government;
Having regard to Ordinance No. 22/003 of January 7, 2022 setting the powers of the Ministries, especially in its article 1° B, point 35;
Having regard to Ordinance No. 21/012 of April 12, 2021 appointing Deputy Prime Ministers,
Ministers of State, Ministers, Deputy Ministers and Deputy Ministers;
Considering Decree No. 038/2003 of March 26, 2003 on Mining Regulations, as amended and supplemented by Decree No. 18/024 of June 08, 2018;
Reviewed Ministerial Order No. 00145/CAB.MIN/MINES/01/2022 of April 22, 2022 granting operating permit 13359 to DATHCOM MINING SA; Considering the appeal of the Congolese mining company (COMINIERE), shareholder in DATHCOM MINING SA, formed by its referenced letter CEM/DG/138/ckk/2022 of December 07, 2022; Considering that harmony and healthy cooperation between the shareholders of DATHCOM MINING SA constitute prerequisites for any mining operation by this company, with a view to saving the Manono Lithium project; Considering that the situation of misunderstandings, persistent conflicts, recurring disagreements between shareholders and taking the project hostage, exacerbated by the signing of Ministerial Order No. 00145/CAB.MIN/MINES/01/2022 of April 25, 2022, is likely to paralyze the operation of Lithium and to prevent the State from channeling the products resulting from the 13359 operating permit;
Considering the necessity and the urgency,
ORDERS:
Article 1:
Ministerial Decree n° 00145/CAB.MIN/MINES/01/2021 of April 25, 2022 granting the Exploitation License n° 13359 to the company DATHCOM MINING SA is reported and cannot produce any effect.
Article 2:
The Secretary General for Mines and the Director General of the Mining Cadastre are responsible, each as far as he is concerned, for the execution of this Order which comes into force on the date of its signature.
Done in Kinshasa, 4 JAN 2023

Antoinette N'SAMBA KALAMBAYTI

' COMINIERE considers null the sale of 60% of the shares of DATHOMIR to AVZ Minerals for non-communication of information between shareholders according to the joint venture contract.'

How does this play out ? Hopefully not in the courts .

 

[Mr Inappropriate]

' COMINIERE considers null the sale of 60% of the shares of DATHOMIR to AVZ Minerals for non-communication of information between shareholders according to the joint venture contract.'

How does this play out ?

That caught my eye too. That’s a deep play - looking for some past and possibly minor indiscretion by AVZ in the JV and parlaying that into a “you have to annul the sale to AVZ” thing now. More corrupt Chinese influence.

 

[Li-AusPol]

Yeah that was what I was basing my Monday morning at the latest resuming of trade on

I agree it's feasible considering the situation but we will be lucky as fuck to make it to the end of February without a solid reason. Discussions with the 'competent DRC authorities' just ain't gonna cut it no more imo

Cmon guys we were all promised at the Brisbane road show by Nigel that our money is safe and that we won’t come out of suspension until we are issued the Mining licence…..

Nothing to worry about ……

 

[DiscoDanNZ]

When i get in a taxi, and i sense they are not local, i usually say I’m not from these parts, arrived in 1997, which is true.

Then when i ask “where are you from” they happily reciprocate. Why shouldn’t they considering i have been open an honest.

So? Pokok? Your reasons.

Im happy to reciprocate if i have not already made it fairly obvious my displeasure with both Felix and the BOD in particular Nigel.

Where is the taxi taking you? The fuck away from here I hope.

 

[cruiser51]

 

[Mr Inappropriate]

That‘s great news. I hear the snacks in Manono will be 20% cheaper as a result.

 

[wombat74]

Great news, yes ! But we as AVZ can't buy anything for it. First of all, we are further away from the project than ever before. Many many months, if not years, will pass before all the differences are clarified and AVZ will not survive this economically.

What a load of sh1t .

 

[Thaz]

More impartial commentary on the recent AVZ announcements on HC (yes - i still peruse there - mainly for these tid bits of info)

 

[Samus]

 

[wombat74]

Please tell me why ?

AVZ will not run out of funds and it's not in the DRC's best interest to have this tied up in the courts for years .

 

[Mr Inappropriate]

Interesting. I lost my draft post yesterday saying something along the lines of “we had better fucking have the Australian government involved in this matter”. Based on the above tweet, perhaps they are - does anyone know*?

*A few months ago we heard via an embassy offical about them providing some minor level of support. I hope AVZ has DFAT/Dept of Industry are up to their eyeballs in support.

 

[bloke383]

Was it the MoM that had to remind her colleagues to abide by all applicable rules and procedures with regards to AVZ , otherwise it would be within their right (AVZ) to take the DRC govt to the ICC ? Anyone else remember this (it might have been at the Brisbane roadshow) ? If this is correct , she must of thought that AVZ had done everything required of them to the letter of the law . Hopefully by her issuing 2 new decrees , this is her way of resetting the narrative for the path forward in resolving this situation .

 

[Samus]

Interesting. I lost my draft post yesterday saying something along the lines of “we had better fucking have the Australian government involved in this matter”. Based on the above tweet, perhaps they are - does anyone know*?

*A few months ago we heard via an embassy offical about providing some minor level of support. I hope AVZ has DFAT/Dept of Industry up to their eyeballs in support.

Nigel mentioned at that the roadshow that the Australian embassy in Zimbabwe are offering whatever support they can.
But they haven't asked anything of the federal government because they assume the government will not get involved in these types or matters not like the USA or China. (something along those lines)
I asked the question in Melbourne and came away with the feeling they hadn't inquired with the Australian government based on their own assumptions and wondering if they even tried contacting any of the appropriate ministers for assistance.
Perhaps someone remembers better.
The question was also asked at the AGM maybe @Roon has it in those excellent notes?

 

[cruiser51]

What a load of sh1t .

Good you noticed.

Won't say too much, I might upset some people.

However, I am a happy, 7 figure holder and to be honest, when we open for trading there will be plenty of opportunity to increase my holding.

 

[Winenut]

Stick it up this prick because me and winenut are already on the drink hopefully but never think we are stupid ,, well me not sorry winenut lol

Don't drag me into this shit!......

I've already got enough crap going on

You know.......married.......couple of kids.....invested in AVZ..........