Who knows what CCP has told him to do?
AVZ Discussion 2022
- Thread starter GazDix
- Start date
He is trying to consolidate and increase his interest in AVZ. The question would be why?
Attachments
Now back to what mouseflying wrote:
Now his listed company agreed to buy 60% shares of his private company, interesting move at this sensitive time.
He might know some good news is coming to boost his list company's share price?
Frank
Top 20
The Chinese puzzle of mining contracts in the DRC
President Félix Tshisekedi's trip to Beijing has strengthened economic and diplomatic relations between the two countries.
But for the renegotiation and the possible rebalancing of the "contract of the century" of 2007, largely unfavorable in the DRC, we will still have to wait.
For 4 days, the Democratic Republic of Congo had its eyes riveted on the Middle Kingdom.
The first visit of a Congolese president to China since 1972 has sparked renewed interest in the Asian superpower, Congo's first economic partner, mining activities oblige.
Félix Tshisekedi's state visit was eagerly awaited on a major issue: that of the mining contract signed in 2007 by Kinshasa and a group of Chinese companies.
A contract deemed unbalanced for the Congolese side, which President Tshisekedi has announced that he wants to renegotiate with Beijing.
The famous "contract of the century", negotiated under Joseph Kabila, gave birth to Sicomines, a company 68% owned by Chinese partners to supply itself with copper and cobalt in exchange for the construction of infrastructure in Congo (roads, hospitals, railway lines, etc.).
Regaining control of Sicomines
15 years later, the accounts are still not there.
Of the 3 billion dollars of infrastructure that China was to build, only 822 million dollars have been disbursed, while Beijing has collected more than 11 billion dollars thanks to minerals extracted from Congolese soil.
Since taking office, Felix Tshisekedi has repeatedly announced that he wants to rebalance the contract with China.
Kinshasa hinted, before the departure of the Head of State for Beijing, to want to reverse the percentage of shares held by the Congolese State in Sicomines, via its company Gécamines.
Instead of the current 32%, Kinshasa wants to want to hold 70% of Sicomines.
The DRC is also asking to double the investment in infrastructure from 3 to 6 billion dollars, and is asking for a “lump sum indemnity” of 2 billion dollars as “compensation”.
No renegotiation in Beijing
Renegotiating, revisiting or rebalancing the "contract of the century" were the objectives displayed by Kinshasa before Félix Tshisekedi's visit to Beijing.
The expectation was great on the Congolese side... maybe a little too much.
On arrival, the final press release published at the end of the visit leaves the Congolese a little on their hunger.
No mention, or even allusion, is made of the famous “minerals for infrastructure” contract of 2007.
Several memoranda have been signed between the DRC and China, but none clearly specifies a rebalancing of the mining contract.
The final text remains very general.
It stipulates that "China will encourage more companies to invest and establish themselves in the DRC and to participate in the construction of infrastructures in accordance with the programs enacted and presented by the Congolese party to contribute to economic diversification and industrialization of the country.
An agreement at the end of 2023?
A Congolese government source indicates that the 2007 mining agreement was not mentioned during the meeting between Félix Tshisekedi and his counterpart Xi Jinping, but the final document nevertheless speaks of an "upgrading of the bilateral relationship between the two countries, which greatly satisfied the Congolese delegation.
For Kinshasa, the meeting between the two Heads of State paves the way for the establishment of a discussion framework for the mixed commission (Congolese State-Chinese companies) to renegotiate the "contract of the century", so that the DRC can "regain his rights".
The Congolese delegation has hinted that an agreement could be reached by the end of 2023.
A timing that would be timely for Félix Tshisekedi who is a candidate for re-election next December.
Beijing can let go
The other memoranda signed between Beijing and Kinshasa on better cooperation between the two state televisions, or China's support for peace talks for eastern Congo, do not hide a certain disappointment with Félix Tshisekedi's visit to Beijing.
Perhaps Kinshasa had overstated its intentions of wanting to overturn the table, renegotiate the contract and reverse the balance of power.
The problem is that Kinshasa does not weigh very heavily against its Chinese partner.
Felix Tshisekedi, like his predecessor Joseph Kabila, is walking on eggshells with Beijing.
The Congolese State and its Lilliputian budget of around ten billion dollars needs China, its first trading partner with its 21.7 billion dollars, imports and exports combined.
Difficult to dictate conditions when the balance of power is so unbalanced.
In this little game, Felix Tshisekedi knows that he will not be able to impose a deal in which Beijing is not a winner.
But the Chinese have understood that they can also let go of a little ballast and give tokens of goodwill to a president who is seeking a second term and who needs to display some successes in the economy.
In Beijing, Felix Tshisekedi played the card of stability and continuity.
An argument that always hits the mark in Beijing.
mediacongo
Food for thought
Frank
President Félix Tshisekedi's trip to Beijing has strengthened economic and diplomatic relations between the two countries.
But for the renegotiation and the possible rebalancing of the "contract of the century" of 2007, largely unfavorable in the DRC, we will still have to wait.
For 4 days, the Democratic Republic of Congo had its eyes riveted on the Middle Kingdom.
The first visit of a Congolese president to China since 1972 has sparked renewed interest in the Asian superpower, Congo's first economic partner, mining activities oblige.
Félix Tshisekedi's state visit was eagerly awaited on a major issue: that of the mining contract signed in 2007 by Kinshasa and a group of Chinese companies.
A contract deemed unbalanced for the Congolese side, which President Tshisekedi has announced that he wants to renegotiate with Beijing.
The famous "contract of the century", negotiated under Joseph Kabila, gave birth to Sicomines, a company 68% owned by Chinese partners to supply itself with copper and cobalt in exchange for the construction of infrastructure in Congo (roads, hospitals, railway lines, etc.).
Regaining control of Sicomines
15 years later, the accounts are still not there.
Of the 3 billion dollars of infrastructure that China was to build, only 822 million dollars have been disbursed, while Beijing has collected more than 11 billion dollars thanks to minerals extracted from Congolese soil.
Since taking office, Felix Tshisekedi has repeatedly announced that he wants to rebalance the contract with China.
Kinshasa hinted, before the departure of the Head of State for Beijing, to want to reverse the percentage of shares held by the Congolese State in Sicomines, via its company Gécamines.
Instead of the current 32%, Kinshasa wants to want to hold 70% of Sicomines.
The DRC is also asking to double the investment in infrastructure from 3 to 6 billion dollars, and is asking for a “lump sum indemnity” of 2 billion dollars as “compensation”.
No renegotiation in Beijing
Renegotiating, revisiting or rebalancing the "contract of the century" were the objectives displayed by Kinshasa before Félix Tshisekedi's visit to Beijing.
The expectation was great on the Congolese side... maybe a little too much.
On arrival, the final press release published at the end of the visit leaves the Congolese a little on their hunger.
No mention, or even allusion, is made of the famous “minerals for infrastructure” contract of 2007.
Several memoranda have been signed between the DRC and China, but none clearly specifies a rebalancing of the mining contract.
The final text remains very general.
It stipulates that "China will encourage more companies to invest and establish themselves in the DRC and to participate in the construction of infrastructures in accordance with the programs enacted and presented by the Congolese party to contribute to economic diversification and industrialization of the country.
An agreement at the end of 2023?
A Congolese government source indicates that the 2007 mining agreement was not mentioned during the meeting between Félix Tshisekedi and his counterpart Xi Jinping, but the final document nevertheless speaks of an "upgrading of the bilateral relationship between the two countries, which greatly satisfied the Congolese delegation.
For Kinshasa, the meeting between the two Heads of State paves the way for the establishment of a discussion framework for the mixed commission (Congolese State-Chinese companies) to renegotiate the "contract of the century", so that the DRC can "regain his rights".
The Congolese delegation has hinted that an agreement could be reached by the end of 2023.
A timing that would be timely for Félix Tshisekedi who is a candidate for re-election next December.
Beijing can let go
The other memoranda signed between Beijing and Kinshasa on better cooperation between the two state televisions, or China's support for peace talks for eastern Congo, do not hide a certain disappointment with Félix Tshisekedi's visit to Beijing.
Perhaps Kinshasa had overstated its intentions of wanting to overturn the table, renegotiate the contract and reverse the balance of power.
The problem is that Kinshasa does not weigh very heavily against its Chinese partner.
Felix Tshisekedi, like his predecessor Joseph Kabila, is walking on eggshells with Beijing.
The Congolese State and its Lilliputian budget of around ten billion dollars needs China, its first trading partner with its 21.7 billion dollars, imports and exports combined.
Difficult to dictate conditions when the balance of power is so unbalanced.
In this little game, Felix Tshisekedi knows that he will not be able to impose a deal in which Beijing is not a winner.
But the Chinese have understood that they can also let go of a little ballast and give tokens of goodwill to a president who is seeking a second term and who needs to display some successes in the economy.
In Beijing, Felix Tshisekedi played the card of stability and continuity.
An argument that always hits the mark in Beijing.
mediacongo
Food for thought
Frank
Last edited:
mouseflying
Regular
From my understanding, it is always good to put valuable assets in listed company.
If keep it in private company:
He need to wait for manono goes to production, then make some money by sell lithium few years later.
and he need to use his own cash to finance the project
If keep it in listed company:
Once good news comes out, share price goes up, his net wealth will skyrocketed, and he can sell some shares to make some money.
and he can financing the project use other investor's money rather than use his own money.
Of course, all IMO
mouseflying
Regular
As you said, it’s potentially just an unrelated restructure of his finances
I hope I’m right as well.
View attachment 37522
WTF !!! One Minute it was, the next it wasn't, then it was
Was it or Wasn't it ?
Fuck it - Who cares
What about Manono
Get on with it FFS !!!
Grow Up & Grow some Balls DRC
100% Frank
Let's see what FT follows up with when back in the DRC....
Frank
Top 20
*To Remind,
Mpiana Mwanga Hydro Electric Power Plant (HEPP)
AVZ has through its 100% owned DRC based legal entity, AVZ Power SAU (AVZP), successfully negotiated and signed an MOU with the DRC government.
This MOU now grants AVZP the right to begin full studies into the redundant and abandoned Hydro Electric Power Plant (HEPP) located 87 km south east of Manono at a town called Mpiana Mwanga, which is situated on the Luvua river a large tributary of the upper Congo river further to the north.
The intent of the MOU is to progress the studies to a point where ownership of the HEPP will transfer to AVZP for operation by AVZP or homever AVZP engages to do so.
AVZ has commissioned a DFS report on the HEPP and has determined that the power plant can be refurbished and that it could operate viably. The DFS determined that the HEPP could
be refurbished for USD 50.5 M16, including high voltage (HV) substations, HV powerline and a
contingency and produce power at an operating cost of USD 0.04/kWh.
The timeline to complete the reconstruction is 18 months start to finish. The Capital will
procure the following:
• All design engineering, construction management and direct man hour costs
• Reconstruction of Mpiana Mwanga No2 (MP2)(3 x 10.3 MW Kaplan turbines with
alternators and control systems)
• Repair of all building, pen stock and general civil works
• Installation of 2 new HV substations inclusive of all HV transformers (at HEPP and in
Manono)
• Installation of a new 60 MW, 120 kV aluminium overhead powerline with insulators,
optical ground wire (OPGW) and monopoles from the new Mpiana Mwanga HV
substation to the new Manono HV substation (~87 km)
• Service road refurbishment from Manono to Mpiana Mwanga.
The HEPP facilities are old and consist of two powerhouses, Mpiana Mwanga No 1 (MP1) and
Mpiana Mwanga no 2 (MP2), independent of one another. MP2, the newer of the two
powerhouses (built circa 1952) has capacity for 3 Kaplan vertical axis turbines each capable
of producing 10.3 MW once retrofitted giving a total installed generation capacity of 30.9
MW. 10% power losses are anticipated between generation source and take off user end of
the 120 kVa HV overhead powerline.
MP1, the older of the two powerhouses (built circa 1932) has the capacity for 3 Francis vertical axis turbines each capable of producing 4.5 MW once retrofitted giving a total generation capacity of 13.5 MW should the current civil work be re utilised as is.
If the civil work was significantly modified, then this facility could potentially also provide 3 x 10.3 MW Kaplan vertical axis turbines.
This was not studied in detail in this DFS as the power generated from MP2 already meets the demand for this phase of the Manono project.
This option may become viable in Stage 3 of the Manono Lithium and Tin project when the Hydroxide plant is
planned for and will be re studied as part of that DFS.
Stage 1 of the Manono Lithium and Tin Project, i.e. a dense media separation (DMS) plant and
a primary lithium sulphate plant, requires a total installed power of circa 26.5 MW and a
demand load of 23 MW.
This indicates that the 3 x 10.3 MW turbines will generate more power than required for initial Stage 1 requirements, resulting in the understanding that two turbines will be run on duty and the third one is the unit on standby (2n+1).
Under Stage 1, i.e. two turbines in duty and the third in standby mode, the power generated will exceed the demand side usage and so the balance of the power will be offered to the local population through the SNEL grid for use in electrifying the towns of Mpiana Mwanga and Manono or any other off-takers that present themselves to SNEL.
Manono Project Definitive Feasibility Study
Manono Project Definitive Feasibility Study — AVZ Minerals Limited
Projects Manono Project Technical Review
avzminerals.com.au
Frank
Top 20
John25
Regular
Sorry but have come to the reality that SFA is going to happen & might as well flush my almost 1.5mill share down the shitter …its been almost 13 months & no apparent meeting between our MD or BoD with anyone with a bit of pull/power …No MoP /No MoM or even Fat Cat but apparently our leaders are always sniffing around Manono …Not 1 single announcement to SH’s by our board since the AGM explaining the REAL delay /situation …its a slow death by a thousand lashes
Xerof
Flaming 1967
Tshisekedi’s Trip to China Was a Total Waste of Time and It’s His Fault
Two somewhat perplexing stories today in the China-Africa space. First, the visit to China by President Félix Tshisekedi is wrapping up in Hong Kong and it appears, at least based on what we know so far, that the trip was a colossal waste of time for the Congolese leader. Rumors ...chinaglobalsouth.com
Anyone able to get the full story? - using 12ft.io doesn't get above the parapet for me
Welcome to Thursday. Here's some boring shit to start your day off right.
Global debt stands at $US305t, of which $US161t is corporate debt, $US85t is government debt, and the remainder is personal debt such as house mortgages, car loans etc. Global debt is 10% higher than at the start of the COVID pandemic in 2020. Australia is the 12th biggest debtor, but contributes only about 2% of world trade.
Ref:
www.aljazeera.com
Global debt stands at $US305t, of which $US161t is corporate debt, $US85t is government debt, and the remainder is personal debt such as house mortgages, car loans etc. Global debt is 10% higher than at the start of the COVID pandemic in 2020. Australia is the 12th biggest debtor, but contributes only about 2% of world trade.
Ref:
How does US debt rank compared with the rest of the world?
The United States has the world’s largest national debt at $31.4 trillion.
Last edited:
Sparrowhawk12
Regular
Hmm? Netoo_Sethi seems to have left twitter, account no longer exists. A glitch? Anyone know of a way to contact him? Please PM me. BR Sparrowhawk12
Frank
Top 20
*If this article that Xerof dug up is anything to go by, Then it sounds like FT is in for some
Deep Tshisekedi’s Trip to China Was a Total Waste of Time and It’s His Fault
Two somewhat perplexing stories today in the China-Africa space. First, the visit to China by President Félix Tshisekedi is wrapping up in Hong Kong and it appears, at least based on what we know so far, that the trip was a colossal waste of time for the Congolese leader.
Rumors of a big minerals trading deal and progress in renegotiating the unfair mining deals with Chinese companies seem to have been nothing more than hype. *Can't wait to here what Franck, Jonnno & Kiki have to say about that
Last edited:
cruiser51
Top 20
Not full story, but ConDino's observation...
Don't forget Felix was summoned to china by Xi...
cruiser51
Top 20
Franck Fwamba
@FranckFwamba
·
1m
Congolese NGOs who follow the Cominiere and Dathcom Dossier have total confidence in the Supreme Magistrate and Sole Defender elected for the interests of the people of Manono and the DRC who is the PR05
@fatshi13
for the respect of law, mining code, truth and justice towards @avzmin
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