Winenut
Go AVZ!
Ooh lah lah!...I knew a few girls at school who did French 🫣 none of them played footie though🫤
Ooh lah lah!...I knew a few girls at school who did French 🫣 none of them played footie though🫤
From an English ( country ) pov you spelled 'civilised ' correctly - with an 's'.Australia and Europe.
And civilised
Gday
Try going to a Greek schoolI knew a few girls at school who did French 🫣 none of them played footie though🫤
That appears to be a quote from Felix ? Where is Australia/AVZ in his equation ?He's going to have to make a bold move very soon or his Lithium is not going to see the light of day for years . imo"We are on the cusp of a promising venture in the manufacturing of power batteries in Manono. There, we bring together the Congolese government, Chinese companies and American and European companies as end users.”
Fresh article from Germany.
Marco Schnepf ‧ 18.06.2023, 17:00 ‧ Aktualisiert am: 18.06.2023, 17:00
AVZ Minerals share: The next stage of escalation!
AVZ Minerals has resorted to an international arbitration procedure over the dispute in the Congo.
Save free PDF report to AVZ Minerals:Download here for free ➜
At a glance:
AVZ Minerals seeks arbitration: As the Australian mining company announced on Friday, Two subsidiaries, together with Dathcom Mining SA, have filed an application for international arbitration.
- With its involvement in DathcomAVZ MineralsIt is a huge lithium reserve in the Democratic Republic of Congo.
- But apparently the African country's government has not adhered to its own mining laws.
- AVZ Minerals now wants to put pressure on the Congo through an international arbitration procedure.
Accordingly, AVZ Minerals and Dathcom accuse the Government of the Democratic Republic of Congo (DRC) of serious omissions, This would have caused financial disadvantages to the companies.
AVZ Minerals hopes for arbitration
The arbitration proceedings are to be held in Washington, D.C. (USA). The plaintiffs invoke the so-called ICSID Convention, which states, Disputes between states and nationals of other states can be settled before the International Centre for Settlement of Investment Disputes (ICSID) in the US capital.
DISPLAY
Should investors sell immediately? Or is it worthwhile to join AVZ Minerals?
AVZ Minerals and Dathcom hope to that the arbitral tribunal make concessions to you and oblige the DRC to: The applicants accuse the Government of the Democratic Republic of the Congo of The mining laws of the African country have not been fully complied with.
Project Manono: Failure of the DRC government?
For example, AVZ Minerals and Dathcom, that the government made mistakes in handling the research permit “PR 13359”. Without these mistakes, the government and authorities would have had to grant an operating permit to Dathcom. As a result, the “Manono” project would have been significantly negatively affected, This in turn has affected Dathcom's assets.
It remains to be seen how the arbitration tribunal in Washington, D.C. will decide.
DISPLAY
Save free PDF report to AVZ Minerals:Download here for free
Lithium treasure: Chinese apparently interested
For classification: Dathcom is the official owner of the lithium project “Manono” in the Democratic Republic of the Congo. AVZ Minerals, in turn, has a 75 percent stake in Dathcom. The remaining 25 percent One percent of the shares are owned by a Congolese state-owned company, La Congolaise D’Exploitation Minerie SA.
The Manono mine had been exploited in the past mainly because of its high tin content. Recently, however, there had also been extremely promising lithium deposits there, which AVZ Minerals intends to gain access to through its stake in Dathcom. When lithium mining will pick up in the light of the dispute with the Congolese government, remained open at first.
More recently, however, a possible involvement of Chinese actors in the lucrative lithium project had caused anger at AVZ Minerals.
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NEWSECONOMY
By 2035, US$920 billion will be invested in lithium mining worldwide
June 16, 2023
Kiki Kienge
By Kiki Kienge
Since last May, lithium carbonate prices in China have increased by 55%, following the recovery of the electric vehicle market in the country.
This price increase notably affected the prices of lithium-ion batteries, which increased by 3.8% in May 2023 to reach $110.7/kwh compared to the beginning of the year. For the moment on the international market, the supply of lithium carbonate is by far insufficient to meet the demand.
The race to find new lithium deposits, which has already been launched by large groups, especially in Africa, remains a solution to remedy this shortage.
As in the DR Congo where the certification of the Manono lithium deposit in the province of Tanganyika by the Australians of the AVZ MINERALS group, which is currently the source of a standoff between the West and the East, including the beginning of the he exploitation remains blocked for the moment following the politicization of the project.
We are talking about an investment of at least US$3 trillion over the next twenty years in the production chain for batteries for electric vehicles, including at least US$920 billion just in the exploitation of lithium by 2035. .
In November 2022, the price of lithium had reached its historic peak to reach 81,832 euros per ton, in early March 2023 per ton was displayed at 52,050 euros, recording a drop of 36%.
The International Energy Agency (IEA) warns of potential shortages of lithium, which could deprive many battery producers of lithium carbonate and push up the prices of electric vehicles.
The largest lithium production is concentrated in Australia, China, Argentina and Chile. New deposits have been discovered in the United States, Portugal, Germany, Brazil and Mexico, in DR Congo among others, but these new deposits do not seem to calm the global lithium craze.
That’s ominous. Looks like the president wants to be rid of us?"We are on the cusp of a promising venture in the manufacturing of power batteries in Manono. There, we bring together the Congolese government, Chinese companies and American and European companies as end users.”
After all this time I have the impression that uttering the words Australia/AVZ is as hard for the Congolese Govt to say as Sorry is/was for Fonzie!That appears to be a quote from Felix ? Where is Australia/AVZ in his equation ?He's going to have to make a bold move very soon or his Lithium is not going to see the light of day for years . imo
Where is this quote taken from?"We are on the cusp of a promising venture in the manufacturing of power batteries in Manono. There, we bring together the Congolese government, Chinese companies and American and European companies as end users.”
Well seems like Australia is clearly out. Take over is our only hopeThat appears to be a quote from Felix ? Where is Australia/AVZ in his equation ?He's going to have to make a bold move very soon or his Lithium is not going to see the light of day for years . imo
Where is this quote taken from?
Article posted by Azzler and quotes an interview FT gave to China Media Group.Where is this quote taken from?