AVZ Discussion 2022

[GuruDukun]

Is
Sir Les
that old mate on twitter that posted about philosophical arguments and spoke in riddles without properly explaining himself? For the life of me I can't remember his name...

Anyways, not sure if this is useful, it's late and CBF'd reading into it anymore tonight, but does anyone know if this is the same Jin Cheng, mentioned in the Panama Papers?

JIN CHENG MINING GROUP CO., LIMITED | ICIJ Offshore Leaks Database

Panama Papers Entity: JIN CHENG MINING GROUP CO., LIMITED

offshoreleaks.icij.org

Registered in Samoa, I see...

Samoa is now blacklisted as a non-cooperative tax haven by Organisation for Economic Co-operation and Development (OECD) or Financial Action Task Force (FATF) in the revised EU list of the latest update of 04 October 2022.

Minimal reporting requirements. Reporting procedures are usually a headache issue for most business owners. However, registering an offshore company in Samoa will relieve you from annual reporting or auditing requirements.

High protection of company assets. Thanks to the maintenance of corporate anonymity, the tracking of the asset owners is difficult or even impossible. Therefore, the company can keep its assets safe from the creditors.

High level of corporate privacy. One of the main attractive factors of Samoa offshore company formation is its layered corporate confidentiality. The government doesn’t require companies to publicize names and personal information of shareholders, directors and managers. It also allows companies to use nominee services working on behalf of the companies to sign and appear on public documents.

 

[GuruDukun]

Is
Sir Les
that old mate on twitter that posted about philosophical arguments and spoke in riddles without properly explaining himself? For the life of me I can't remember his name...

Anyways, not sure if this is useful, it's late and CBF'd reading into it anymore tonight, but does anyone know if this is the same Jin Cheng, mentioned in the Panama Papers?

JIN CHENG MINING GROUP CO., LIMITED | ICIJ Offshore Leaks Database

Panama Papers Entity: JIN CHENG MINING GROUP CO., LIMITED

offshoreleaks.icij.org

Registered in Samoa, I see...

Samoa is now blacklisted as a non-cooperative tax haven by Organisation for Economic Co-operation and Development (OECD) or Financial Action Task Force (FATF) in the revised EU list of the latest update of 04 October 2022.

Minimal reporting requirements. Reporting procedures are usually a headache issue for most business owners. However, registering an offshore company in Samoa will relieve you from annual reporting or auditing requirements.

High protection of company assets. Thanks to the maintenance of corporate anonymity, the tracking of the asset owners is difficult or even impossible. Therefore, the company can keep its assets safe from the creditors.

High level of corporate privacy. One of the main attractive factors of Samoa offshore company formation is its layered corporate confidentiality. The government doesn’t require companies to publicize names and personal information of shareholders, directors and managers. It also allows companies to use nominee services working on behalf of the companies to sign and appear on public documents.

 

[Frank]

Sino-Congolese contract: Matata defends himself and charges the Kabila presidency

Has the government been tricked into the contract signed in 2008 with the group of Chinese companies?

According to the report of the General Inspectorate of Finance (IGF), the answer is affirmative.

Based on the “natural resources against infrastructure” program, this contract only benefited the Chinese side.

For the Congolese Minister of Finance, "it is clear today that this Chinese contract is not to our advantage".

In its report, the IGF revealed: “Chinese companies have already received a gain valued at nearly 10 billion US dollars, while the Republic has only benefited from 822 million dollars in terms of infrastructure.

Will it still be necessary, in the 822 million, that we go in depth to realize that there is no visibility of this sum?

Some Congolese authorities also participated in this game.

"The glaring imbalance that has been observed, the sell-off, the squandering of our minerals observed in this contract was also the work of misguided sons of our country, who accompanied Chinese companies in this macabre work against our country", said lamented the IGF.

Cited among those who "betrayed" the Republic, Augustin Matata Ponyo defends himself.

“I have never signed Chinese contracts,” he said.

The declared presidential candidate of December 2023 recalled that these contracts "were signed in 2008" when he was director of the Central Coordination Office (Bceco) "and not Minister of Finance".

Matata charges the Kabila presidency.

“The execution of these contracts was done exclusively by the Chinese Contracts Monitoring Office which depended on the presidency and not on the government”.

Patrick Muyaya on the Chinese contract: "We must not consider that we want to bully the Chinese...

The Congolese Minister of Communication and Media and Government Spokesman, Patrick Muyaya, was quick to deliver his version of the facts on the public outcry observed after the publication of the report of the General Inspectorate of Finance (IGF) on the famous Chinese contract.

“The intention of the Government is not to seek to bully the Chinese, but rather to ensure that the Congolese have their share of the cake. “, said Patrick Muyaya during a briefing held on Monday, February 20, 2023.

According to him, "the government's strategy is to look wherever we need to glean resources to deal with the problem of the Congolese".

For Minister Patrick Muyaya, the Chinese contract was signed in 2006 and had to be revisited, it is work that has already begun.

“We do not want to react to the words of the Chinese Embassy, but we want to look at the interests of the Congolese.

What we can say in relation to the objectives assigned to this contract where we had to trade mines for infrastructure, we did not benefit much in this direction.

This is how the IGF went to dig into the figures that were invested in this sector. We can't help but want to see more clearly what was being done. “, affirmed Patrick Muyaya.

And to add: “When the IGF, which is committed to this task, makes assessments, we must not consider that we want to bully the Chinese, but we simply want to make sure that the contract meets Congolese requirements. “, he insisted.

For his part, the Minister of Finance, Nicolas Kazadi, clarified that this is not the first time that we have expressed the wish to take a close look at this Chinese contract.

“The Council of Ministers has come back to this several times.

The report of the Minister of Infrastructure and that of Mines also mentioned it, but fundamentally, the work of the IGF goes deep with numbers.

We had already announced to our Chinese partners that there are things to review, now that there are detailed figures on the table, we will discuss with them.

China remains an important partner for the DRC.

We don't want to get angry with them, but we have the right to defend our interests, our vision, our strategy.

We have to say it, the Chinese contract today is not to our advantage,” he blasted.

The Congolese financier pointed out that the Democratic Republic of Congo (DRC) has received just under one (1) billion USD in investments while it has exempted China from many charges and taxes.

Meanwhile, China has generated a lot of revenue that exceeds US$10 billion.

Nicolas Kazadi took this opportunity to remind SICOMINES to respect its commitments.

“But beyond this Chinese counter-mine investment contract, there is today a dispute with SICOMINES for the superprofit which is not affected by the exemptions.

Unfortunately, SICOMINES does not want to pay the 200 million USD demanded of it as superprofit.

It must pay it because this tax is not part of the taxes exempted under the convention. ", he said.

Recall that the General Inspectorate of Finance (IGF) has made an alarming finding on the Chinese contract.

This, following its fact-finding missions on the collaboration agreement of April 2008 between the Democratic Republic of Congo (DRC) and the group of Chinese companies commonly known as the “Chinese Contract”.

According to the IGF, the Congolese state has only benefited from 800 million dollars out of revenues estimated at 10 billion dollars in the operation of the SICOMINES project.

However, this report is disputed by the Chinese side.

In a press release published on February 17, 2023, SICOMINES challenged both the jurisdiction of the IGF, the procedure followed (in violation of SICOMINES law) and the content.

 

[Onthefm]

Is
Sir Les
that old mate on twitter that posted about philosophical arguments and spoke in riddles without properly explaining himself? For the life of me I can't remember his name...

Anyways, not sure if this is useful, it's late and CBF'd reading into it anymore tonight, but does anyone know if this is the same Jin Cheng, mentioned in the Panama Papers?

JIN CHENG MINING GROUP CO., LIMITED | ICIJ Offshore Leaks Database

Panama Papers Entity: JIN CHENG MINING GROUP CO., LIMITED

offshoreleaks.icij.org

Registered in Samoa, I see...

Samoa is now blacklisted as a non-cooperative tax haven by Organisation for Economic Co-operation and Development (OECD) or Financial Action Task Force (FATF) in the revised EU list of the latest update of 04 October 2022.

Minimal reporting requirements. Reporting procedures are usually a headache issue for most business owners. However, registering an offshore company in Samoa will relieve you from annual reporting or auditing requirements.

High protection of company assets. Thanks to the maintenance of corporate anonymity, the tracking of the asset owners is difficult or even impossible. Therefore, the company can keep its assets safe from the creditors.

High level of corporate privacy. One of the main attractive factors of Samoa offshore company formation is its layered corporate confidentiality. The government doesn’t require companies to publicize names and personal information of shareholders, directors and managers. It also allows companies to use nominee services working on behalf of the companies to sign and appear on public documents.

So the australian gov has finally got involved and sent sir Les paterson to interven on the behalf of share holders and the real people of the drc. Thank christ I can sleep ezy to night. Unless he starts fucking around with them shelas in kisashi.

 

[Xerof]

I’ve only seen Sir Les posts of recent times, don’t know him, but his writing style is similar to der Geist

 

[CashKing]

I’ve only seen Sir Les posts of recent times, don’t know him, but his writing style is similar to der Geist

Click on that link and I get the below… WTF

Just in case anyone else didn’t want to click on it…. WTF

 

[TDITD]

Nice work on the bird mate. About time you pulled your finger out and started spamming

Rampage this morning

 

[FilthyRich2]

Here are the names of directors of the DRC Congo Battery Council

RDC : Makimba Mungomba et Dénis Lecouturier nommés PCA et DG du Conseil Congolais de la Batterie (CCB)

L'établissement public Conseil Congolais de la Batterie (CCB) vient d'être doté de ses animateurs après sa mise en place par décret du premier ministre Jean-Michel Sama Lukonde Kyenge.

actualite.cd

Perhaps some forum members could enlighten them of the current situation, I am sure they are on social media as well

Doesn't seem that AVZ is represented yet, but that might change shortly we hope.

It might answer their question as to where will they get Lithium from

 

[TDITD]

Here are the names of directors of the DRC Congo Battery Council

RDC : Makimba Mungomba et Dénis Lecouturier nommés PCA et DG du Conseil Congolais de la Batterie (CCB)

L'établissement public Conseil Congolais de la Batterie (CCB) vient d'être doté de ses animateurs après sa mise en place par décret du premier ministre Jean-Michel Sama Lukonde Kyenge.

actualite.cd

Perhaps some forum members could enlighten them of the current situation, I am sure they are on social media as well

Doesn't seem that AVZ is represented yet, but that might change shortly we hope.

It might answer their question as to where will they get Lithium from

According to the said order, Makimba Mungomba Jérôme is the Chairman of the Board of Directors (PCA), Dénis Lecouturier will occupy the position of General Manager and Kakule Vuko Ndondo is the Deputy General Manager. Kanda Ntumba Jean-Marie, Zadio Ntior Muyimp Noël and Mulumba Mpandajila Thierry have been appointed as directors sitting on the board of directors of this public establishment

 

[Bin59]

As long as economic criminals are not behind the bar for the sale of our minerals, the DRC will never get out of the #Corruption #Manipulation #Escroquerie #Detournement A Republic of it is not me but it is the other who had signed. NB: Assume_ vs

The US Treasury has Executive Order 13818 which can impose penalties on corrupt Government officials in #RDC . Justice is coming... $AVZ

@Presidence_RDC @USEmbKinshasa
@USAmbDRC @USTreasury
@amoshochstein @State_E @KasongoKas

 

[Dazmac66]

The US Treasury has Executive Order 13818 which can impose penalties on corrupt Government officials in #RDC . Justice is coming... $AVZ

How is it relevant to DRC as it is a US law?

Can any of you clevererer ladies or gents shed any light on this statement. Many thanks in advance.

 

[Thaz]

The US Treasury has Executive Order 13818 which can impose penalties on corrupt Government officials in #RDC . Justice is coming... $AVZ

Can any of you clevererer ladies or gents shed any light on this statement. Many thanks in advance.

Sounds like Starwars - Execute Order 66

 

[Bin59]

https://www.state.gov/wp-content/uploads/2023/01/2023.01.13-E-4-Release-MOU-USA-DRC-ZAMBIA-Tripartite-Agreement-Tab-1-MOU-for-U.S.-Assistance-to-Support-DRC-Zambia-EV-Value-Chain-Cooperation-Instrument.pdf

“1. The United States intends to support DRC and Zambia in their development of a value chain for EV batteries in the DRC and Zambia in a manner consistent with applicable domestic laws and international best practices that facilitate the prevention, detection, and prosecution of corruption, as well as applicable obligations under the United Nations Convention against Corruption.”

Learn about UNCAC

Learn about UNCAC

www.unodc.org

United Nations​

Office on Drugs and Crime​

United Nations Convention against Corruption​

The United Nations Convention against Corruption is the only legally binding universal anti-corruption instrument. The Convention's far-reaching approach and the mandatory character of many of its provisions make it a unique tool for developing a comprehensive response to a global problem. The Convention covers five main areas: preventive measures, criminalization and law enforcement, international cooperation, asset recovery, and technical assistance and information exchange. The Convention covers many different forms of corruption, such as bribery, trading in influence, abuse of functions, and various acts of corruption in the private sector. A highlight of the Convention is the inclusion of a specific chapter on asset recovery, aimed at returning assets to their rightful owners, including countries from which they had been taken illicitly. The vast majority of United Nations Member States are parties to the Convention. Read more»

United Nations Office on

 

[cruiser51]

The US Treasury has Executive Order 13818 which can impose penalties on corrupt Government officials in #RDC . Justice is coming... $AVZ

How is it relevant to DRC as it is a US law?

Can any of you clevererer ladies or gents shed any light on this statement. Many thanks in advance.

Executive Order 13818 simplified:

13818. The Global Magnitsky Act provides the executive branch with standing, global authority to impose targeted sanctions against specific persons, including in countries with which the United States otherwise shares important bilateral relations.

 

[Samus]

Rampage this morning

A herculean effort but I think this one is my favourite

 

[Spikerama]

I'd like to make one suggestion, if I may, to all the lurkers in here. And I know there are many because I'm often quite tickled by the amount of love and likes some of my posts get from members who never say a word. Which is perfectly fine by the way.

But given the amount of you, I reckon it would be great if you could all spend a few minutes creating a twitter account and then going on and following people like @JAG and myself @Spikerama and anyone else you know in here that have revealed their twitter handle and then like the living shit out of everything they post in relation to AVZ.

From there you can see other like minded twitter users who you can also follow and like their stuff. You don't even have to say anything. Just like it up. Because one thing I know about social is we need more than just a few likes to get any real traction. We need hundreds, if not thousands. So every little heart counts at this point.

And I'm sure there are quite a few of you silent ones who have already done just that and are fighting the good fight with sore thumbs but I urge the rest who haven't yet, to enlist and join the fight.

IMPORTANT NOTE: If you are going to like something that is in French, make sure you read the translation version first because it's very easy to be voting for a detractors viewpoint. You can translate twitter posts by clicking on the text of their main post and there will be a blue "translate" link at the bottom. Easy peasy.

We thank you for your service.

 

[JAG]

I'd like to make one suggestion, if I may, to all the lurkers in here. And I know there are many because I'm often quite tickled by the amount of love and likes some of my posts get from members who never say a word. Which is perfectly fine by the way.

But given the amount of you, I reckon it would be great if you could all spend a few minutes creating a twitter account and then going on and following people like @JAG and myself @Spikerama and anyone else you know in here that have revealed their twitter handle and then like the living shit out of everything they post in relation to AVZ.

From there you can see other like minded twitter users who you can also follow and like their stuff. You don't even have to say anything. Just like it up. Because one thing I know about social is we need more than just a few likes to get any real traction. We need hundreds, if not thousands. So every little heart counts at this point.

And I'm sure there are quite a few of you silent ones who have already done just that and are fighting the good fight with sore thumbs but I urge the rest who haven't yet, to enlist and join the fight.

IMPORTANT NOTE: If you are going to like something that is in French, make sure you read the translation version first because it's very easy to be voting for a detractors viewpoint. You can translate twitter posts by clicking on the text of their main post and there will be a blue "translate" link at the bottom. Easy peasy.

We thank you for your service.

 

[BEISHA]

Here is a copy of the mining code:

https://eiti.org/sites/default/files/attachments/j_o_ndeg_speicial_du_28_mars_2018_code_minier.pdf

So another question, was it unrealistic for AVZ to be seeking PE over the entire tenement, given the fact CDL is very much a PR project , with only a few holes poked in the south ?

No. The mining code doesn't specify that work needs to be carried out across the whole tenement to apply for a PE. The applicant holding the PR only needs to prove the resource is economical to mine in regards to drilling requirements. AVZ received the favourable opinions for the full 221 carrés. CAMI's approval was signed off by Mupande.

View attachment 30282
View attachment 30283
View attachment 30284
View attachment 30285

How could the initial ML decree include the south of CDL , but not the north ?

Because that's where the declaration submitted by Dathcom cut it off. From memory it was on the line of our most northern drill holes.

Where in DRC mining law does it state that could happen ?

Article 60. As long as the applicant submits a declaration of partial renunciation.

View attachment 30286
View attachment 30287

Was it due to the fact that no exploration was done there or was it indeed a partial waiver ?

From the AGM:

Q: Issue that a portion of mines directorate said we hadn’t done the work on the northern tenement area, and shouldn’t get the north?

A: That’s not within the mining code. So 13359 should be retained in its entirety – however the northern area may need to come under a separate exploration tenement, even though that’s not the established process. – We know who’s behind this (e.g. DG CAMI)

Docs suggest it was a partial waiver..........why would AVZ do that with no assay evidence that it had high mica content ?

Because management were tricked into believing that's what Felix wanted and were obviously given guarantees that Dathcom would retain the north as a PR in a JV with the DRC government. Hopefully they have something substantial to back up their claims in the May 4th 2022 announcement.

Does AVZ require share holder approval to instigate a partial waiver ?

Not if management understood at the time that Dathcom would still retain the north as a PR. And have evidence to back those claims.

AVZ lawyers are highly paid to navigate thru all this shit, how did they get hood winked to accept the intial ML decree without noticing the north of CDL cut off ?

They obviously also believed Mupande that this is what Felix wanted

Do they have good knowledge of DRC mining law ?

Overall I would say yes. Christian Lukusa is very impressive in that interview in September. At the end of the day it would have been management's decision whether to proceed with submitting the partial renunciation application.

How did FT get the impression from his crooked cabinet ministers that AVZ were not worthy / credible in being awarded a ML ?

Snacks

Why wasnt FT following the docs and progress of Manono in the first place ?

All of the advisors that were implicated by management as being the main detractors to AVZ are now gone. The final proof of how closely Felix has been following the docs and progress of Manono will be in the reshuffle imo

A very comprehensive reply to my queries Carlos......many thanks for putting that together.

I am sure all of this has been discussed many times before, but sometimes the facts get hazy when corruption shit is the main topic of conversation , day in, day out.

Really hoping that the positive war drums that i am reading of late towards AVZ, results in a positive resolution soon.

I wouldnt want to be in Nigels & the bods position if a ML hasnt come to pass before the next AGM......

I for one will be there again, hounding for " facts " about the PARTIAL WAIVER clause, Nigels shares in AJN and non disclosure regards to " spurious in nature " topics which have led us down the garden path.


imo

 

[Roon]

I'd like to make one suggestion, if I may, to all the lurkers in here. And I know there are many because I'm often quite tickled by the amount of love and likes some of my posts get from members who never say a word. Which is perfectly fine by the way.

But given the amount of you, I reckon it would be great if you could all spend a few minutes creating a twitter account and then going on and following people like @JAG and myself @Spikerama and anyone else you know in here that have revealed their twitter handle and then like the living shit out of everything they post in relation to AVZ.

From there you can see other like minded twitter users who you can also follow and like their stuff. You don't even have to say anything. Just like it up. Because one thing I know about social is we need more than just a few likes to get any real traction. We need hundreds, if not thousands. So every little heart counts at this point.

And I'm sure there are quite a few of you silent ones who have already done just that and are fighting the good fight with sore thumbs but I urge the rest who haven't yet, to enlist and join the fight.

IMPORTANT NOTE: If you are going to like something that is in French, make sure you read the translation version first because it's very easy to be voting for a detractors viewpoint. You can translate twitter posts by clicking on the text of their main post and there will be a blue "translate" link at the bottom. Easy peasy.

We thank you for your service.

Good move, I will do so. Even if our management remain largely silent this could help our real narrative undermine the misinformation. Good on those spreading the truth (in a sensible manner). Love your work, and I'll do a daily scan for likes from today.

 

[wombat74]

A very comprehensive reply to my queries Carlos......many thanks for putting that together.

I am sure all of this has been discussed many times before, but sometimes the facts get hazy when corruption shit is the main topic of conversation , day in, day out.

Really hoping that the positive war drums that i am reading of late towards AVZ, results in a positive resolution soon.

I wouldnt want to be in Nigels & the bods position if a ML hasnt come to pass before the next AGM......

I for one will be there again, hounding for " facts " about the PARTIAL WAIVER clause, Nigels shares in AJN and non disclosure regards to " spurious in nature " topics which have led us down the garden path.


imo

I'm putting money on a resolution pre ICC one way or the other .