AVZ Discussion 2022

[TDITD]

More and more news coming out of the DRC in favour of the Chinese and their deals, Sicomines deal fucking over the DRC owing billions but its Ok here's a signed agreement for $500M in infrastructure as a bit of compo when they owe billions, corruption brushed under the carpet! Out pops brown paper bags.

Now this bollocks of a chinese SEZ for battery minerals wtf?! AVZs idea! Its clear looking at how things are over there corruption is very deep rooted.

Amongst all this press not a peep from AVZ, I'm not buying the whole we cant say anything because dont wanna tip off the detractors?! IMO there's not a word from the board because if this goes south they dont wanna leave themselves open for litigation!

My guess come Tuesday obviously another extension and the CATH deal ,well they will just extend, why would they pull out and lose the $20M ( correct me if im wrong) when if it goes south they pay nothing!!

Anyways Rant over and HAGW all, it's midday here and im getting on the single Malt, fuck it!!!

You could do as I'm starting to do and pick a good pic of the latest AVZ related news....then absolutely lose your fuxking mind posting all over Twitter.
Just come off a Rampage myself, felt good.

Mike Tyson got it, royal ballet uk, air force Australia, magnus Carlson, Dalai Lama, Emmanuel Macron, Kermit the frog, Canelo Alverez, Roland Garros, Lewis Hamilton, NZ All blacks, count the count, big bird.....and many more got served up the lovely pic @JAG does up with the ICC countdown on it. (Normally im strategic with it, this time I scatter gunned throwing shit everywhere like a Zijin lawyer).

Ahhhhhh my Zen, now back in the room

 

[Frank]

Sino-Congolese contract: "Stop politicizing the Sicomines affair"

“We send a message to all those who want to do political recovery of the Sicomines affair: stop.

The General Inspectorate of Finance has produced a technical report.

This mission started 6 months ago.

It is not because there are elections today that we have to stop working", declares, guest of the Special Edition on Top Congo FM, Jules Alingete, head of the services of the General Inspectorate of Finances (IGF), about the "misguided sons of the DRC" who accompanied (by passivity or complicity) Chinese companies in the selling off of natural resources within the framework of what were then called "Chinese contracts" signed in April 2008.

"Let those who are agitated, stop. My brothers Congolese politicians who were agitating, you are not concerned. Do not be afraid.

Be with us to defend the interests of the Congo, don't play into the hands of these Chinese companies who put forward to make believe that this is a problem between Congolese.

Stop your useless agitations”, he urges.

"The message I send them is that we have no problem with you. We understand the circumstances in which you acted. We say to you (simply): Congo first", reassures Jules Alingete.

"The report is technical and can be summed up in one thing: what we were promised in the agreement has not been given to us. We are only asking that we be able to give it and that in addition, we revisit the agreement to rebalancing the benefits, just that," he insists.

The Chinese didn't execute the convention alone?

"There are also many Congolese, Congolese structures that have intervened, but I do not want to put them on the dock.

I would simply like these Congolese to be with us to ask, in the interest of Congo, the Chinese side, its companies, to fulfill their commitments.

A point, a line", pleads the chief inspector.

“We ask Chinese companies involved in the convention to fulfill their commitment.

Subsequently, we ask these companies to sit down with the agency responsible for monitoring and coordinating their activities to examine the review of this contract which is totally unbalanced", he explains.

What about the status quo?

And in the case of China or at least its companies did not move one iota, Jules Alingete begins by noting "that the Congolese government has done what it promised.

They (Chinese companies) have promised infrastructure, it's a commitment.

They have to keep it (as long as they) recognize that we are at 822 million dollars instead of 3 billion over 15 years”.

And it is precisely "where we can say that the Congolese have abused, it is in the 822 million dollars of infrastructure that we estimate to have been overcharged.

In this Congolese part, there is the Agency for Major Works which was responsible for monitoring", he reveals, before returning to the hypothesis where the Chinese part does not run.

"The operating permit is renewable by the government", begins by recalling this senior public official.

Already, “next year, it will have to be renewed.

The government may not renew the permits.

These are coercive measures to lead to negotiation.

It's not just that (need to know).

Today, they no longer have exemptions.

There are other measures we can take," he said.

The political class, a misfortune

However, "these are partners and we are within the framework of a convention.

Let's not set fires.

We ask them (simply) to fulfill their commitment and that we can examine the agreement to see which provisions will have to be revisited", resumes Jules Alingete before going there with his clear and absolutely sharp peak: "The misfortune of the Congolese people is their political class".

Certainly, "it is true that in this political class, we have values, but the majority, nearly 90% of the people who are part of the Congolese political class promote mediocrity, to paraphrase Cardinal Mosengwo", formulates he.

“I go even further: they promote hooliganism.

That is to say public governance by corrupt people.

We must be patriots, we must love Congo.

If we do not defend the interests of Congo, there is no one who will come to do it in our place", he says.

mediacongo

View attachment 30316


Chinese contract unpacked: Jules Alingete scratches and puts pressure, Sicomines already drops 700 million dollars!

Jules Alingete played and won the DR-Congo, which lost billions in the deal with China presented as the "contract of the century" which should be "win-win".

The investigation into this contract, carried out by the brigade of inspectors of the General Inspectorate of Finance -IGF- under the leadership of Alingete, revealed a flagrant imbalance in favor of Chinese interests.

The gain of the Grouping of Chinese companies -GEC-, born following the conclusion of the "contract of the century" in 2008, was evaluated at USD 76 billion by the IGF while the DR-Congo only obtained USD 3 billion.

In the end, revealed "Jeune Afrique", which got its hands on a still confidential part of the audit submitted to President Félix Tshisekedi, the Chinese side has only mobilized USD 4.47 billion in 14 years, of which only 822 million were used to finance the construction of infrastructures, moreover "invisible".

The IGF report caused an outcry on the web, not without putting "pressure" on the negotiations started last November between the GEC and the DR-Congolese State, represented by the Agence de pilotage de coordination et de follow-up of collaboration agreements -APSC.

The latter, created in March 2022 to monitor the various collaboration agreements between the DR-Congo and its private partners, replaced the Coordination and Monitoring Office of the Sino-Congolese Program - BCPSC.

The Director General of the APSC, Freddy Yody Chembo, during his speech on the airwaves of Top Congo, announced that the Sino-Congolese mines -SICOMINES-, one of the companies of the GEC, will release a total of USD 700 million this year for the construction of infrastructure for the benefit of the DR-Congo.

Thanks to this same intervention, Freddy Yody Chembo acknowledged that “the IGF report has increased the pressure” on Chinese companies which have already dropped USD 500 million while negotiations continue.

This sum will be released in two stages: first USD 350 million and then USD 150 million.

It will, according to the director general of the APSC, be injected into projects “to be carried out by the Ministry of Infrastructure”.

The DR-Congolese party, he said, has requested an additional USD 200 million which will bring the total amount to be paid into the Treasury account this year to USD 700 million.

"The negotiations being in progress, it is likely to go beyond these 700 million which will allow the Republic to regain its rights", an observer told AfricaNews, while welcoming the "work of the titans" carried out by Jules Alingete, head of the General Inspectorate of Finance -IGF-, to "give a necessary push to the negotiations so that the Chinese contract can really benefit the DR-Congolese".

For Alingete and its inspectors, this contract, in its initial form, represented “unacceptable economic colonization”.

This, given that the country has lost 3,500 km of road, as many kilometers of railway, 31 hospitals and 145 health centers.

These various infrastructures should be built by Chinese companies in return for the exploitation of the DR-Congolese mines.

They should cost 6.5 billion.

To President Félix Tshisekedi, the IGF handed over a list of requirements to correct the “glaring imbalance” found in the Chinese contract.

These include the revision of the distribution of the capital of SICOMINES by taking into account the value of the deposits provided by Gécamines, the revaluation of the amount of infrastructure to be financed by the Chinese party to USD 20 billion USD.

mediacongo

Chinese contract: ODEP suspected of wanting to play a dirty trick on candidate Moise Katumbi

After the revelation, by the General Inspectorate of Finance -IGF- of the leonine and unbalanced nature of the Chinese contract, the Observatory of Public Expenditure -ODEP- hastened to publish a list of former officials of the Democratic Republic of Congo involved, according to the NGO, in the signing of this deal.

Cited among the latter, Moïse Katumbi, former governor of the former province of Katanga, never negotiated or signed this contract, reacted a member of his entourage, describing the copy of the ODEP as a sham and fanciful.

“How could a governor sign a negotiated contract between the government of the Republic and Chinese companies?

In what capacity would he have done it?

This was in no way within his remit, even if the minerals covered by this contract are buried in the subsoil of the province of which Katumbi was the governor at the time of the signing, "said this close friend of the former Gov' , convinced that the ODEP has poured into misinformation and a political undermining campaign targeting a candidate for President of the Republic, demanding a public apology from the leaders of this NGO.

"If the ODEP does not retract itself with regard to Katumbi, we will deduce that its leaders wanted to take advantage of the IGF report to play a dirty trick on a candidate for President of the Republic", says, for his part, a Katumbist deputy.

While the ODEP also involved him in this soap opera of the signing of the Chinese contract, Augustin Matata Ponyo was quick to defend himself.

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

Also launched in the December 2023 presidential race, Matata Ponyo recalled that these contracts "were signed in 2008" when he was director general of the Central Coordination Office -Bceco- "and not Minister of Finance" .

He clarified that the execution of these contracts was done exclusively by the Chinese Contracts Monitoring Office which depended on the presidency and not on the government.

“I have never signed Chinese contracts. They were signed in 2008 when I was D.G of Bceco and not minister. Finances.

The execution of these contracts was done exclusively by the Chinese Contracts Monitoring Office which depended on the Presidency and not on the Government,” he wrote.


Chinese contracts: "Yes to the revision, No to the confrontation between the great powers in the DRC", Adolphe Muzito

“Adolphe Muzito, potential presidential candidate for 2023, is in favor of a revision that “guarantees the rights of investors and the Congolese people” and opposes any confrontation, around natural resources, between major powers in the DRC. , which would gain nothing.

Passing through Brussels recently, in an interview granted to the South-China Morning Post, the former Congolese Prime Minister, estimates that the agreement of 6 billion US dollars for which, out of the 3 billion planned for infrastructures, "only 800 million dollars have been disbursed, but still no infrastructure in sight…an injustice”, reads the article, below.

Chinese contracts in the DRC are again under criticism.

This time, they come from the former budget minister and former Congolese Prime Minister Adolphe Muzito under whom these agreements – between the Congolese government and a group of Chinese companies – were signed in 2008.

Passing through Brussels, in an interview granted to the South-China Morning Post, the former Congolese Prime Minister, estimated that the 6 billion US dollar agreement for which, out of the 3 billion planned for infrastructure, "only 800 millions of dollars have been disbursed, but still no infrastructure in sight… an injustice”.

Adolphe Muzito, potential presidential candidate for 2023, is in favor of a revision that "guarantees the rights of investors and the Congolese people" and opposes any confrontation, around natural resources, between the great powers in the DRC, who would gain nothing.

His criticisms repeat the conclusions reached by NGOs and the Congolese government, which had noted the large lack of execution suffered by the infrastructure component compared to the mining component of these agreements.

Chinese contracts: no one in the DRC assumes responsibility until then

The so-called Sino-Congolese contracts signed between a group of Chinese companies (GEC) and the Congolese Government having the imperium in 2008 could not succeed, according to the report of the IGF (General Inspectorate of Finance).

In exchange for the minerals worth 12 billion USD, the infrastructure concerned has not all been delivered.

It was about the construction of 5 thousand social housing, 145 health centers in all the territories of the country, two universities, 2 hydroelectric dams (Katende and Kakobola), the rehabilitation of the airports of Bukavu and Goma, 31 hospitals and 3700 km of rail.

Intervened in 2008, the Chinese contracts are today without paternity on the side of the DRC.

The influential living authorities pass the buck.

Two characters who spoke on behalf of the President of the said period have already died.

Pierre Lumbi and Pr Samba Kaputo are no longer of this world.

Meanwhile, Moïse Ekanga, who managed this file as the main manager of the BCPSC (Office of Coordination and Monitoring of the Sino-Congolese Program), leaves several gray areas, speaking of these contracts.

During a Top Congo FM broadcast, the now national deputy did not satisfy the curiosity of interviewing him on the botched work of the tourism road.

For him, the person appointed to respond well on this road axis is the Agency for Major Works.

This, to the great astonishment of the journalist who did not fail to remind him that he was coordinator of the structure, today embedded in APSC, Steering Agency, coordination of monitoring of collaboration agreements.

Another illustrious figure of the time, Augustin Matata Ponyo dit Mapon said he never signed Chinese contracts.

For, they were signed in 2008, when he was CEO of BCECO.

He also added that the execution of this contract was done exclusively by the BCPSC which, he adds, depended on the Presidency and not on the Government.

Adolphe Muzito, who became Prime Minister from the Ministry of the Budget in replacement of Antoine Gizenga, emphasizes having found the Sino-Congolese contracts.

The President of Nouvel Élan must know something to have given way to Augustin Matata Ponyo in 2012.

Moïse Katumbi Chapwe, former Governor of Katanga who benefited from these nebulous contracts following the massive presence of the Chinese in the Mining, is curiously not involved according to his statements on the net and also taken up by certain media.

To hear the statements of key figures of the time, no one wants to assume their responsibilities in these contracts which generated 10 billion USD for the Chinese private party and less than 1 billion, or 830 million USD.

In addition to the unrest noted among former FCC members, the IGF report has increased pressure on the side of GEC, which intends to pay 500 million USD to the Government for infrastructure. APSC, which is working on it, previously held on to an additional 200 million USD.

 

[Ozthescot]

You could do as I'm starting to do and pick a good pic of the latest AVZ related news....then absolutely lose your fuxking mind posting all over Twitter.
Just come off a Rampage myself, felt good.

Mike Tyson got it, royal ballet uk, air force Australia, magnus Carlson, Dalai Lama, Emmanuel Macron, Kermit the frog, Canelo Alverez, Roland Garros, Lewis Hamilton, NZ All blacks, count the count, big bird.....and many more got served up the lovely pic @JAG does up with the ICC countdown on it. (Normally im strategic with it, this time I scatter gunned throwing shit everywhere like a Zijin lawyer).

Ahhhhhh my Zen, now back in the room

Top job! Kudos to you, I've been liking and retweeting where i can.

It gets a bit tedious just watching all the bullshit coming out of the DRC. Its a sad affair for the population over there, in the current state of political play!

 

[Hemicuda]

More and more news coming out of the DRC in favour of the Chinese and their deals, Sicomines deal fucking over the DRC owing billions but its Ok here's a signed agreement for $500M in infrastructure as a bit of compo when they owe billions, corruption brushed under the carpet! Out pops brown paper bags.

Now this bollocks of a chinese SEZ for battery minerals wtf?! AVZs idea! Its clear looking at how things are over there corruption is very deep rooted.

Amongst all this press not a peep from AVZ, I'm not buying the whole we cant say anything because dont wanna tip off the detractors?! IMO there's not a word from the board because if this goes south they dont wanna leave themselves open for litigation!

My guess come Tuesday obviously another extension and the CATH deal ,well they will just extend, why would they pull out and lose the $20M ( correct me if im wrong) when if it goes south they pay nothing!!

Anyways Rant over and HAGW all, it's midday here and im getting on the single Malt, fuck it!!!

Didn’t the company unexpectedly tweet something the other day ?

 

[Ozthescot]

Didn’t the company unexpectedly tweet something the other day ?

That you Deboss????

 

[Hemicuda]

That you Deboss????

what's the opposite of a wink?

 

[Xerof]

Deboss is registered here but hasn’t winked yet

 

[MoneyBags1348]

Chinese contract: ODEP suspected of wanting to play a dirty trick on candidate Moise Katumbi

After the revelation, by the General Inspectorate of Finance -IGF- of the leonine and unbalanced nature of the Chinese contract, the Observatory of Public Expenditure -ODEP- hastened to publish a list of former officials of the Democratic Republic of Congo involved, according to the NGO, in the signing of this deal.

Cited among the latter, Moïse Katumbi, former governor of the former province of Katanga, never negotiated or signed this contract, reacted a member of his entourage, describing the copy of the ODEP as a sham and fanciful.

“How could a governor sign a negotiated contract between the government of the Republic and Chinese companies?

In what capacity would he have done it?

This was in no way within his remit, even if the minerals covered by this contract are buried in the subsoil of the province of which Katumbi was the governor at the time of the signing, "said this close friend of the former Gov' , convinced that the ODEP has poured into misinformation and a political undermining campaign targeting a candidate for President of the Republic, demanding a public apology from the leaders of this NGO.

"If the ODEP does not retract itself with regard to Katumbi, we will deduce that its leaders wanted to take advantage of the IGF report to play a dirty trick on a candidate for President of the Republic", says, for his part, a Katumbist deputy.

While the ODEP also involved him in this soap opera of the signing of the Chinese contract, Augustin Matata Ponyo was quick to defend himself.

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

View attachment 30538

Also launched in the December 2023 presidential race, Matata Ponyo recalled that these contracts "were signed in 2008" when he was director general of the Central Coordination Office -Bceco- "and not Minister of Finance" .

He clarified that the execution of these contracts was done exclusively by the Chinese Contracts Monitoring Office which depended on the presidency and not on the government.

“I have never signed Chinese contracts. They were signed in 2008 when I was D.G of Bceco and not minister. Finances.

The execution of these contracts was done exclusively by the Chinese Contracts Monitoring Office which depended on the Presidency and not on the Government,” he wrote.


Chinese contracts: "Yes to the revision, No to the confrontation between the great powers in the DRC", Adolphe Muzito

“Adolphe Muzito, potential presidential candidate for 2023, is in favor of a revision that “guarantees the rights of investors and the Congolese people” and opposes any confrontation, around natural resources, between major powers in the DRC. , which would gain nothing.

Passing through Brussels recently, in an interview granted to the South-China Morning Post, the former Congolese Prime Minister, estimates that the agreement of 6 billion US dollars for which, out of the 3 billion planned for infrastructures, "only 800 million dollars have been disbursed, but still no infrastructure in sight…an injustice”, reads the article, below.

Chinese contracts in the DRC are again under criticism.

This time, they come from the former budget minister and former Congolese Prime Minister Adolphe Muzito under whom these agreements – between the Congolese government and a group of Chinese companies – were signed in 2008.

Passing through Brussels, in an interview granted to the South-China Morning Post, the former Congolese Prime Minister, estimated that the 6 billion US dollar agreement for which, out of the 3 billion planned for infrastructure, "only 800 millions of dollars have been disbursed, but still no infrastructure in sight… an injustice”.

Adolphe Muzito, potential presidential candidate for 2023, is in favor of a revision that "guarantees the rights of investors and the Congolese people" and opposes any confrontation, around natural resources, between the great powers in the DRC, who would gain nothing.

His criticisms repeat the conclusions reached by NGOs and the Congolese government, which had noted the large lack of execution suffered by the infrastructure component compared to the mining component of these agreements.

Chinese contracts: no one in the DRC assumes responsibility until then

The so-called Sino-Congolese contracts signed between a group of Chinese companies (GEC) and the Congolese Government having the imperium in 2008 could not succeed, according to the report of the IGF (General Inspectorate of Finance).

In exchange for the minerals worth 12 billion USD, the infrastructure concerned has not all been delivered.

It was about the construction of 5 thousand social housing, 145 health centers in all the territories of the country, two universities, 2 hydroelectric dams (Katende and Kakobola), the rehabilitation of the airports of Bukavu and Goma, 31 hospitals and 3700 km of rail.

Intervened in 2008, the Chinese contracts are today without paternity on the side of the DRC.

The influential living authorities pass the buck.

View attachment 30538

Two characters who spoke on behalf of the President of the said period have already died.

Pierre Lumbi and Pr Samba Kaputo are no longer of this world.

Meanwhile, Moïse Ekanga, who managed this file as the main manager of the BCPSC (Office of Coordination and Monitoring of the Sino-Congolese Program), leaves several gray areas, speaking of these contracts.

During a Top Congo FM broadcast, the now national deputy did not satisfy the curiosity of interviewing him on the botched work of the tourism road.

For him, the person appointed to respond well on this road axis is the Agency for Major Works.

This, to the great astonishment of the journalist who did not fail to remind him that he was coordinator of the structure, today embedded in APSC, Steering Agency, coordination of monitoring of collaboration agreements.

Another illustrious figure of the time, Augustin Matata Ponyo dit Mapon said he never signed Chinese contracts.

For, they were signed in 2008, when he was CEO of BCECO.

He also added that the execution of this contract was done exclusively by the BCPSC which, he adds, depended on the Presidency and not on the Government.

Adolphe Muzito, who became Prime Minister from the Ministry of the Budget in replacement of Antoine Gizenga, emphasizes having found the Sino-Congolese contracts.

The President of Nouvel Élan must know something to have given way to Augustin Matata Ponyo in 2012.

Moïse Katumbi Chapwe, former Governor of Katanga who benefited from these nebulous contracts following the massive presence of the Chinese in the Mining, is curiously not involved according to his statements on the net and also taken up by certain media.

View attachment 30538

To hear the statements of key figures of the time, no one wants to assume their responsibilities in these contracts which generated 10 billion USD for the Chinese private party and less than 1 billion, or 830 million USD.

In addition to the unrest noted among former FCC members, the IGF report has increased pressure on the side of GEC, which intends to pay 500 million USD to the Government for infrastructure. APSC, which is working on it, previously held on to an additional 200 million USD.


View attachment 30535

View attachment 30537

@BEISHA has been talking about Tshisekedi’s lack of doing anything for months. I finally agree…. Looks like it’s time to start working on a plan to vote him out.

Frank your post clearly shows the signing of Chinese contracts comes down to the President who clearly does nothing but talk bullshit.

Between Tshisekedi and Lukonde the DRC is being run by two muppets and Chinese corruption

Sorry…. Wrong photo

 

[Ozthescot]

@BEISHA has been talking about Tshisekedi’s lack of doing anything for months. I finally agree…. Looks like it’s time to start working on a plan to vote him out.

Frank your post clearly shows the Chinese contracts come down to the President who clearly does nothing but talk bullshit.

Between Tshisekedi and Lukonde the DRC is being run by two muppets and Chinese corruption

View attachment 30552

Sorry…. Wrong photo

View attachment 30554

Come on Bags that comparison is an insult to Bert n Ernie, pretty sure they would do a better job!!!

 

[TDITD]

Come on Bags that comparison is an insult to Bert n Ernie, pretty sure they would do a better job!!!

And that's saying something....

 

[Samus]

Have a read of this wack job on this thread if you get a chance, pretty funny!

 

[tonster66]

Felix once said show me the evidence. We have the IGF reports as evidence, however the chinese have attempted to discredit them. The IGF reports, in the eyes of Felix could be considered as conflicted as they have been commissioned by the ruling party. In terms of the election if Felix acted on those reports, it could be seen unjust. As such I believe Felix may be waiting for the ICC case.
If the ICC was to here the case in April then the facts will come out. It would be more embarrassing for the chinese if they were to lose. If AVZ were to win this would provide third party evidence of corrupt actions by his government which he could then act on and be seen to be acting without prejudice. This can also be said in respect to the relationship with china. Blame the chinese companies not the chinese government. IMO, but what would I know.

 

[Frank]

Felix once said show me the evidence. We have the IGF reports as evidence, however the chinese have attempted to discredit them. The IGF reports, in the eyes of Felix could be considered as conflicted as they have been commissioned by the ruling party. In terms of the election if Felix acted on those reports, it could be seen unjust. As such I believe Felix may be waiting for the ICC case.
If the ICC was to here the case in April then the facts will come out. It would be more embarrassing for the chinese if they were to lose. If AVZ were to win this would provide third party evidence of corrupt actions by his government which he could then act on and be seen to be acting without prejudice. This can also be said in respect to the relationship with china. Blame the chinese companies not the chinese government. IMO, but what would I know.

The report of the General Inspectorate of Finance qualified as without constructive value

The report of the General Inspectorate of Finance (IFG) of the Democratic Republic of Congo on the Sino-Congolese contract signed since 2008, is described by the Chinese Embassy in Kinshasa as "not credible and without constructive value".

“We learned with amazement of the publication of the report on the Chinese contract by the General Inspectorate of Finance (IGF) of the Democratic Republic of Congo.

We regret to note that the report, whose content is full of prejudices, does not correspond to reality, cannot be considered credible and has no constructive value. “, Can we read in this press release from the spokesman of the Chinese Embassy in the DRC.

For the Chinese Embassy, "the Chinese Contract is a fine example of a win-win partnership", affirming that "many tangible achievements prove that the Congolese side has effectively benefited from this cooperation".

The spokesperson for the Chinese Embassy in the DRC concluded by reassuring Chinese companies operating in the DRC to firmly defend their "legitimate rights and interests" and encouraged them to work with their Congolese partner to "improve cooperation by making it benefit more".

SICOMINES disputes the competence of the IGF

For its part, the Sino-Congolese mining company (SICOMINES S.A) emphasizes, in its press release, that it has read this document, while contesting both the competence of the IGF and the procedure followed, describing it as a violation of its rights as well as the content of these documents, which disregard the mechanism set up by the DRC through the Collaboration Agreement and the rights granted to SICOMINES, and in particular the right to be heard.

"In addition, the criticisms and justified measures implemented against SICOMINES are detrimental to the proper functioning of this company and the Cooperation Project, ultimately damaging the interests of the country and the Congolese people", underlines this company.

“The DRC is a rule of law where the right to defense is enshrined and guaranteed by the Constitution.

In particular, the security of private investments, national or foreign, is guaranteed in the DRC and the commitments made with regard to investors cannot be flouted", continues this joint venture, while indicating that SICOMINES will evaluate the follow-up that you have to give in order to protect your rights.

Recall of facts

On February 08, 2023, SICOMINES received an invitation from the General Inspectorate of Finance (IGF) to come to the meeting room of the General Inspectorate of Finance, with the purpose of: examining the conclusions and recommendations of the 'IGF in order to settle the situation of SICOMINES.

On February 15, 2023, SICOMINES appeared at the meeting covered by the press, during which the audience was provided with two documents entitled "IGF conclusions on the collaboration agreement of April 2008 between the DRC and the group of Chinese companies (Chinese Contract)”, on the one hand, and “Requirements of the IGF with regard to its conclusions on the Chinese Contract” on the other hand.

Thus, after carrying out investigations, the IGF published its conclusion on Wednesday, February 15, accusing, among other things, SICOMINE SA and the group of Chinese companies (GEC) of having won more than the Congolese country in this supposed contract. be win-win.

Also, that this deal signed in 2008 between Chinese companies and the Congolese state has had no visible impact on the population, accusations which China describes as not credible and without constructive value.

mediacongo - 24.02.2023

 

[Flight996]

View attachment 30559

The report of the General Inspectorate of Finance qualified as without constructive value

The report of the General Inspectorate of Finance (IFG) of the Democratic Republic of Congo on the Sino-Congolese contract signed since 2008, is described by the Chinese Embassy in Kinshasa as "not credible and without constructive value".

“We learned with amazement of the publication of the report on the Chinese contract by the General Inspectorate of Finance (IGF) of the Democratic Republic of Congo.

We regret to note that the report, whose content is full of prejudices, does not correspond to reality, cannot be considered credible and has no constructive value. “, Can we read in this press release from the spokesman of the Chinese Embassy in the DRC.

For the Chinese Embassy, "the Chinese Contract is a fine example of a win-win partnership", affirming that "many tangible achievements prove that the Congolese side has effectively benefited from this cooperation".

The spokesperson for the Chinese Embassy in the DRC concluded by reassuring Chinese companies operating in the DRC to firmly defend their "legitimate rights and interests" and encouraged them to work with their Congolese partner to "improve cooperation by making it benefit more".

SICOMINES disputes the competence of the IGF

For its part, the Sino-Congolese mining company (SICOMINES S.A) emphasizes, in its press release, that it has read this document, while contesting both the competence of the IGF and the procedure followed, describing it as a violation of its rights as well as the content of these documents, which disregard the mechanism set up by the DRC through the Collaboration Agreement and the rights granted to SICOMINES, and in particular the right to be heard.

"In addition, the criticisms and justified measures implemented against SICOMINES are detrimental to the proper functioning of this company and the Cooperation Project, ultimately damaging the interests of the country and the Congolese people", underlines this company.

“The DRC is a rule of law where the right to defense is enshrined and guaranteed by the Constitution.

In particular, the security of private investments, national or foreign, is guaranteed in the DRC and the commitments made with regard to investors cannot be flouted", continues this joint venture, while indicating that SICOMINES will evaluate the follow-up that you have to give in order to protect your rights.

Recall of facts

On February 08, 2023, SICOMINES received an invitation from the General Inspectorate of Finance (IGF) to come to the meeting room of the General Inspectorate of Finance, with the purpose of: examining the conclusions and recommendations of the 'IGF in order to settle the situation of SICOMINES.

On February 15, 2023, SICOMINES appeared at the meeting covered by the press, during which the audience was provided with two documents entitled "IGF conclusions on the collaboration agreement of April 2008 between the DRC and the group of Chinese companies (Chinese Contract)”, on the one hand, and “Requirements of the IGF with regard to its conclusions on the Chinese Contract” on the other hand.

Thus, after carrying out investigations, the IGF published its conclusion on Wednesday, February 15, accusing, among other things, SICOMINE SA and the group of Chinese companies (GEC) of having won more than the Congolese country in this supposed contract. be win-win.

Also, that this deal signed in 2008 between Chinese companies and the Congolese state has had no visible impact on the population, accusations which China describes as not credible and without constructive value.

mediacongo - 24.02.2023

The only thing missing from the Chinese response to the IGF report (2022) are accusations that it interfered in China's internal affairs and that it promotes regional instability. They are the usual hyperventilating responses to pretty much anything that China does not like.

 

[JAG]

Fuck me, and there I was, thinking I took spamming to the next level

@TDITD has now taken over the mantle.

 

[Sparrowhawk12]

FYI. Off-topic but interesting ... but I don't see a replacement to Li-Ion batteries in EV's for next 10 years (IMO).

Sodium-Ion = 140-160Wh/Kg
Li-Ion = 300Wh/Kg approx. ("Panasonic’s “2170” NCA batteries used in 2020 in Tesla’s Model 3 is around 260 Wh/kg")

First passenger car equipped with sodium-ion batteries unveiled in China

Powering EVs with sodium-ion batteries seems to get closer to reality in China. Local carmaker SOL and battery manufacturer Hina Battery Technology unveiled a test vehicle equipped with sodium-ion batteries on February 23. The car came with a driving range of 252 kilometers.

www.digitimes.com

Lithium iron phosphate battery - Wikipedia

en.wikipedia.org

 

[Ozthescot]

Fuck me, and there I was, thinking I took spamming to the next level

@TDITD has now taken over the mantle.

View attachment 30560

Haha yes @TDITD

 

[ptlas]

FYI. Off-topic but interesting ... but I don't see a replacement to Li-Ion batteries in EV's for next 10 years (IMO).

Sodium-Ion = 140-160Wh/Kg
Li-Ion = 300Wh/Kg approx. ("Panasonic’s “2170” NCA batteries used in 2020 in Tesla’s Model 3 is around 260 Wh/kg")

First passenger car equipped with sodium-ion batteries unveiled in China

Powering EVs with sodium-ion batteries seems to get closer to reality in China. Local carmaker SOL and battery manufacturer Hina Battery Technology unveiled a test vehicle equipped with sodium-ion batteries on February 23. The car came with a driving range of 252 kilometers.

www.digitimes.com

Lithium iron phosphate battery - Wikipedia

en.wikipedia.org

The technology around both will improve.

But what won't change is the Periodic Table

Lithium is above sodium on the left meaning that it is lower mass ( lighter) than sodium.

The only issue is whether/when technology improves enough to allow the cheaper sodium to prevail.

I would guess that ten years would be an optimistic estimate. But what do I know!

 

[cruiser51]

#RDC 24.02.2023| #CitéUA The Head of State, Félix Antoine Tshisekedi Tshilombo chaired, by videoconference, this Friday, in his office at the Cité de l'Union Africaine, the eighty-eighth meeting of the Council of Ministers.

 

[geo_au]

Sorry fellow TSE members…. It was all the DRC politicians shaking hands with the people that are illegally trying to usurp the people of the DRC and our company that made me do it

That is normal protocol it does not mean they are bosom buddies. At the end of the day it is all about the Rule of Law and if applied the chinese and the corrupt congolese officials will pay the price.