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AVZ Discussion 2022
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Frank
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Japan wants to inject one billion US dollars in economic cooperation with the DRC
Japan wants to increase its trade with the Democratic Republic of Congo, especially in the mining sector.
This is the reason for the visit to Kinshasa by the Japanese Minister of Economy, Trade and Industry, Yasutoshi Nishimura, at the head of a strong delegation.
The Japanese Minister exchanged this Thursday, August 10 with the Deputy Prime Minister, Minister of National Economy, Vital Kamerhe, in his office.
Yasutoshi Nishimura announced that he had come mainly to examine, together with the Congolese authorities, the possibility of implementing the memorandum of understanding signed between Japan and the DRC represented by the Minister of Mines, Marie-Antoinette N' samba Kalambayi during his official mission to Tokyo in December 2022.
As the world turns to electric cars and renewable energies, the country of the rising sun, giant of this industry, turned to Africa, in search of minerals such as cobalt, lithium, copper etc.
Recognizing the vastness of the Congolese mining potential, Minister Yasutoshi Nishimura expressed Japan's desire to increase trade with the Democratic Republic of Congo in the mining sector.
He announced that his government is ready to mobilize a budget of one billion US dollars to increase this cooperation by extending it to other development sectors.
It should be remembered that in the DRC, Japanese startups are already working on solar energy, the urbanization of the capital Kinshasa, water supply, hydraulic energy and the Inga dam.
For his part, the Deputy Prime Minister, Minister of National Economy, Vital Kamerhe said he was in favor of strengthening economic cooperation between the DRC and JAPAN through large-scale beneficial projects and a win-win partnership. .
According to the boss of the National Economy, this cooperation should not only target mining, but also the transfer of skills, agriculture, the development of industries, health and education.
He reaffirmed the vision of the Head of State Félix Antoine Tshisekedi Tshilombo who advocates an improvement in the business climate to attract more investors to the DRC and the improvement of the living conditions of the Congolese.
According to Deputy Prime Minister Vital Kamerhe, Japan's support is necessary in particular for the revival of the Inga dam and the construction of other micro-dams, the fight against climate change and the materialization of the local development of 145 territories of the DRC.
Vital Kamerhe recalled the special relationship that the two countries have shared since the Mobutu years, the fruits of which are still numerous in the service of the Congolese today.
After the DRC, the Japanese Minister will travel to Angola, Namibia and Madagascar.
mediacongo
Japan wants to increase its trade with the Democratic Republic of Congo, especially in the mining sector.
This is the reason for the visit to Kinshasa by the Japanese Minister of Economy, Trade and Industry, Yasutoshi Nishimura, at the head of a strong delegation.
The Japanese Minister exchanged this Thursday, August 10 with the Deputy Prime Minister, Minister of National Economy, Vital Kamerhe, in his office.
Yasutoshi Nishimura announced that he had come mainly to examine, together with the Congolese authorities, the possibility of implementing the memorandum of understanding signed between Japan and the DRC represented by the Minister of Mines, Marie-Antoinette N' samba Kalambayi during his official mission to Tokyo in December 2022.
As the world turns to electric cars and renewable energies, the country of the rising sun, giant of this industry, turned to Africa, in search of minerals such as cobalt, lithium, copper etc.
Recognizing the vastness of the Congolese mining potential, Minister Yasutoshi Nishimura expressed Japan's desire to increase trade with the Democratic Republic of Congo in the mining sector.
He announced that his government is ready to mobilize a budget of one billion US dollars to increase this cooperation by extending it to other development sectors.
It should be remembered that in the DRC, Japanese startups are already working on solar energy, the urbanization of the capital Kinshasa, water supply, hydraulic energy and the Inga dam.
For his part, the Deputy Prime Minister, Minister of National Economy, Vital Kamerhe said he was in favor of strengthening economic cooperation between the DRC and JAPAN through large-scale beneficial projects and a win-win partnership. .
According to the boss of the National Economy, this cooperation should not only target mining, but also the transfer of skills, agriculture, the development of industries, health and education.
He reaffirmed the vision of the Head of State Félix Antoine Tshisekedi Tshilombo who advocates an improvement in the business climate to attract more investors to the DRC and the improvement of the living conditions of the Congolese.
According to Deputy Prime Minister Vital Kamerhe, Japan's support is necessary in particular for the revival of the Inga dam and the construction of other micro-dams, the fight against climate change and the materialization of the local development of 145 territories of the DRC.
Vital Kamerhe recalled the special relationship that the two countries have shared since the Mobutu years, the fruits of which are still numerous in the service of the Congolese today.
After the DRC, the Japanese Minister will travel to Angola, Namibia and Madagascar.
mediacongo
John25
Regular
TDITD
Top 20
Bloody hell my jaw just hit the floor on reading that headline, Jules is piling on the flattering false platitudes to Kibeya, can somebody please explain to Kibeya what an intellectual is?
So he can respond in his familiar lunatic fashion.
"I'm too clever for anyone to catch me doing my illegal deals as Cominiere DG, the audio doesn't count as that was AVZ's fault for not forwarding a special dividend to keep lights running and snacks plentiful, I'm ripping off the people of Manono for the good of my country"
Samus
Top 20
NEWSECONOMY
Planning Minister Judith Suminwa wants to make DR Congo the best investment destination in Africa
August 10, 2023Kiki Kienge
By Kiki Kienge
HE Madame Judith Suminwa , Minister of State and Minister of Planning of the Democratic Republic of Congo, in the vision of the Head of State, Félix Antoine Tshisekedi Tshilombo, wants to give back to the DR Congo one of these assets now lost, to become the main attraction of investors by the richness of its resources.
Before and even just after its independence, Congo Kinshasa was one of the most attractive countries for Western investors and even Eastern investors, Americans, French, Chinese, Japanese...
The largest country in Central Africa and second on the black continent, the DR Congo is also one of the largest exporters of minerals in the world such as cobalt, copper, uranium, coltan... and soon even the ingredient lithium. key to batteries, particularly for electric vehicles, the basis of the global energy transition.
The DR Congo could, of course with a certain political will, a good and honest organization of its state apparatus, one of the tourist center of Africa, exporter of electrical energy and agricultural products on the continent.
But here is the African giant with feet of clay, for decades floundering economically in the mud, following a not too Catholic management of the country by the powers that have succeeded at the head of the country.
Often rightly and wrongly, the DR Congo is described as a “geological scandal” country for its natural wealth, yet it remains one of the poorest states in the world where the population lives on less than US$1.5. per day.
Paradoxically, in the same country there are restaurants at US$300 a meal, a consumption of champagne that competes with rich countries, there is in particular a very small minority of people who are often involved in politics and according to the regime in place, s enrich without shame and even without wetting their shirts by working to become multimillionaires.
In reality, the Democratic Republic of Congo would be more than the image we have of it abroad, on the flow of investments and investors.
The DR Congo records a good quality of private investments, but which are almost all concentrated in the mining sector, more on cobalt, copper and gold. For China, for example, the Democratic Republic of the Congo has even become one of its development challenges. Mao's country is investing billions of US dollars there, even surpassing traditional trading partners, such as the United States, France or China. Belgium.
Unfortunately these investments only create wealth for these foreign investors, in particular only for a small class, which ranges from 2 to 5% at most of the Congolese population, often made up of politicians and courtiers all linked to the power in place, against a population that sinks more and more each year into a poverty that no longer has a name.
A challenge that the Minister of Planning, Judith Suminwa, wants to take up by launching the revitalization by her ministry of the business climate roadmap.
THE ANNOUNCEMENT OF THE MINISTRY OF PLAN
Minister of State and Minister of Planning Judith Suminwa Tuluka opened, Tuesday, August 8, 2023, in Venus village of Kinshasa, the work of the retreat of the Technical Group of Sectoral Experts on the Business Climate in the DRC.
Organized by the National Agency for the Promotion of Investments (ANAPI), these meetings focus on the evaluation and revision of the roadmap of government reforms on the business climate in the DRC.
Suminwa Judith praised the organization of this work which is part of the reforms initiated by the Government, under the leadership of the Head of State Félix Tshisekedi , for the improvement of the business climate and the promotion of entrepreneurship in the DRC.
The goal is to make the Democratic Republic of Congo an attractive land where there is legal and judicial security in the practice of business.
kongopress.com
kongopress.com
The best investment destination in Africa sounds a little ways off atm
TDITD
Top 20
‘We are disappointed’: Pies star out for SIX weeks in shattering blow as injury details revealed
‘We are disappointed’: Pies star out for SIX weeks in shattering blow as injury details revealed
www.foxsports.com.au
Yes, he is the brains of Africa if only the top brass would listen to him. Let's see what transpires in coming weeks, if good then off we go mining if not then the DRC becomes thoroughly chinese and its back to square one.
It's all about location, location, locationI wonder if old mate will let me in for a sauna & some beers to watch the derby this arvo
View attachment 41859
NEWSECONOMY
Planning Minister Judith Suminwa wants to make DR Congo the best investment destination in Africa
August 10, 2023
Kiki Kienge
By Kiki Kienge
HE Madame Judith Suminwa , Minister of State and Minister of Planning of the Democratic Republic of Congo, in the vision of the Head of State, Félix Antoine Tshisekedi Tshilombo, wants to give back to the DR Congo one of these assets now lost, to become the main attraction of investors by the richness of its resources.
Before and even just after its independence, Congo Kinshasa was one of the most attractive countries for Western investors and even Eastern investors, Americans, French, Chinese, Japanese...
The largest country in Central Africa and second on the black continent, the DR Congo is also one of the largest exporters of minerals in the world such as cobalt, copper, uranium, coltan... and soon even the ingredient lithium. key to batteries, particularly for electric vehicles, the basis of the global energy transition.
The DR Congo could, of course with a certain political will, a good and honest organization of its state apparatus, one of the tourist center of Africa, exporter of electrical energy and agricultural products on the continent.
But here is the African giant with feet of clay, for decades floundering economically in the mud, following a not too Catholic management of the country by the powers that have succeeded at the head of the country.
Often rightly and wrongly, the DR Congo is described as a “geological scandal” country for its natural wealth, yet it remains one of the poorest states in the world where the population lives on less than US$1.5. per day.
Paradoxically, in the same country there are restaurants at US$300 a meal, a consumption of champagne that competes with rich countries, there is in particular a very small minority of people who are often involved in politics and according to the regime in place, s enrich without shame and even without wetting their shirts by working to become multimillionaires.
In reality, the Democratic Republic of Congo would be more than the image we have of it abroad, on the flow of investments and investors.
The DR Congo records a good quality of private investments, but which are almost all concentrated in the mining sector, more on cobalt, copper and gold. For China, for example, the Democratic Republic of the Congo has even become one of its development challenges. Mao's country is investing billions of US dollars there, even surpassing traditional trading partners, such as the United States, France or China. Belgium.
Unfortunately these investments only create wealth for these foreign investors, in particular only for a small class, which ranges from 2 to 5% at most of the Congolese population, often made up of politicians and courtiers all linked to the power in place, against a population that sinks more and more each year into a poverty that no longer has a name.
A challenge that the Minister of Planning, Judith Suminwa, wants to take up by launching the revitalization by her ministry of the business climate roadmap.
THE ANNOUNCEMENT OF THE MINISTRY OF PLAN
Minister of State and Minister of Planning Judith Suminwa Tuluka opened, Tuesday, August 8, 2023, in Venus village of Kinshasa, the work of the retreat of the Technical Group of Sectoral Experts on the Business Climate in the DRC.
Organized by the National Agency for the Promotion of Investments (ANAPI), these meetings focus on the evaluation and revision of the roadmap of government reforms on the business climate in the DRC.
Suminwa Judith praised the organization of this work which is part of the reforms initiated by the Government, under the leadership of the Head of State Félix Tshisekedi , for the improvement of the business climate and the promotion of entrepreneurship in the DRC.
The goal is to make the Democratic Republic of Congo an attractive land where there is legal and judicial security in the practice of business.
kongopress.com
kongopress.com
Samus
Top 20
NEWSECONOMY
Louis WATUM; the biggest risk to investing in the mining sector in DR Congo is not political, but governance
August 12, 2023Kiki Kienge
By Kiki Kienge
Louis Watum , President of the Chamber of Mines of the Democratic Republic of Congo at the Fédération des entreprises du Congo (FEC), Chairman of the Board of Directors of Kamoa Copper SA, Chairman of the Board of Directors and Managing Director of KICO (Kipushi Corporation SA) joint venture between Gécamines and Ivanhoe.
Louis Watum, between 2010 and 2014, he led the development and commissioning of the Kibali project of Randgold, for the launch of the Moto project of Moto Gold Mines of which he was the architect from 2006 to 2009, in particular between 2001 and 2005 , he was the operations manager of the Yatela gold mine in Mali between 2001 and 2005.
Interviewed as President of the Chamber of Mines of the FEC, Louis Watum considers that the biggest problem for investors in DR Congo is due to the involvement of politics in the management of the country's mines:
"The biggest risk when you invest in the DRC is not actually political, the biggest risk is not being able to set up a competent local team..."
In addition to advising investors to have a competent local team on site in DR Congo, which understands the complexity of the business environment and the obligation of results, Watum recommends that foreigners understand the true cost of investing in the country :
"We have to admit, somewhere, it's expensive to do business in the DRC, it's expensive because of several quite obvious reasons that we are not ashamed of, we have an infrastructure problem , of energy deficit, each time you burn fuel oil, it is part of your profits that you burn (…), do your calculations and according to your calculations when you estimate that the margin which remains sufficient for you, you come and invest…”
So according to Louis Watum, the problem would be more about the approach of investors than the economic and political atmosphere of the DR Congo for him the problem of investment difficulties is less political, “it is the problem of governance. »
The President of the Chamber of Mines of the FEC, tries to make a clear difference between politics and bad governance of the mining sector, for him if an investor is serious, the doors for his investments open for him in DR Congo.
Wouldn't the problem be in the definition or the consideration of the word serious in the business world in DR Congo?
Given the real realities of mines in DR Congo where investors, serious or not, are blocked or sanctified by political actors and power, see investors who have the blessing of Kinshasa, be granted advantages that even violate the laws of the country , can we rule out the politics of mismanagement in the DR Congo mining sector.
What to say about only the last two emblematic cases in the Congolese gold and lithium sector;
- The Arabs of PRIMERA GOLD and METAL, blessed by the power of Kinshasa are tax exempt for an exclusive rate of 0.25% on gold and 3.5% on 3T (Tin, Tungsten, Tantalum; or coltan), have a monopoly on these minerals from the artisanal sector for 25 years renewable for export.
- On the other side, the Australians of AVZ MINERALS , who after having carried out feasibility studies at their own expense and promoting Congolese lithium on the international market, are blocked from the lithium exploitation license by the purely for reasons purely political Kinshasa and the personal interests of a few individuals.
Louis WATUM ; le plus grand risque pour investir dans le secteur minier en RD Congo n'est pas politique, mais de gouvernance - Kongo Presse
Par Kiki Kienge Louis Watum, Président de la Chambre des Mines de la République Démocratique du Congo à la Fédération des entreprises du Congo (FEC), Président du Conseil d’Administration de…
kongopress.com
Samus
Top 20
cruiser51
Top 20
NEWS
Byuser1
Posted on August 11, 2023
https://geopolismagazine.net/fin-de...ciete-mmcs1-retire-ses-demandes-principales/#
https://geopolismagazine.net/fin-de...ciete-mmcs1-retire-ses-demandes-principales/#
https://geopolismagazine.net/fin-de...ciete-mmcs1-retire-ses-demandes-principales/#
COMMENTS
It is a legal victory that the Congolese mining company (COMINIERE SA) has just won at the International Court of Arbitration of the International Chamber of Commerce (ICC) against the multinational MMCS1. Shaken by the convincing arguments of COMINIERE SA which clearly and black and white established before the judges the unfoundation of "these main claims as well as the weaknesses and inconsistencies of the interventions of the experts and witnesses cited by the plaintiff in this arbitration procedure", MMCS1 was forced to withdraw its main claims before the ICC .
Indeed, following the official withdrawal of the main claims of MMCS1 in the file opposing it to the Congolese mining company, the General Secretariat of the International Court of Arbitration of the International Chamber of Commerce (ICC) transmitted, by email of July 21, 2023, to all the litigants as well as to the Arbitral Tribunal, the letter confirming the end of the arbitration procedure registered under ICC nº 23225/GR/PAR between MMCS1 and COMINIERE SA (hereinafter referred to as the "procedure ”), pursuant to Article 37(6) of the ICC Rules.
For its part, the Arbitral Tribunal constituted to hear this procedure, by its email of July 28, 2023, formally acknowledged receipt of the email of July 21, 2023 and noted that the Procedure is deemed to have ended. By her email of July 31, 2023 addressed to the Arbitral Tribunal, the claimant in arbitration MMCS1
through her counsel, confirmed the end of the procedure following the withdrawal of her main claims pursuant to Article 37(6) of the CCl Rules and, moreover, thanked the Arbitral Tribunal for all the diligence carried out since the start of this arbitration, for the professionalism they have demonstrated in this case, but also for the flexibility and patience they have shown towards the parties throughout the proceedings.
The hearings of the pleadings having been closed and the hearing notes issued, COMINIERE SA's legal counsel also sent the note of the balance of his fees to the senior management of this para-public, as announced in his referenced letter of January 02, 2023 The withdrawal of the principal claims and consequently the end of the procedure, devote the end of its services relative to this Procedure.
At the time of going to press, MMCS1 refused and still refuses, in a deliberate manner, to pay the balance of the amount of the separate position, despite repeated reminders from the General Secretariat of the International Court of Arbitration of the ICC, to enable the Arbitral Tribunal to rule on the merits of its claims, confirms the terms of the latest report by Cabinet Emery Mukendi Wafwana et Associés, SCP, sent to COMINIERE SA following the hearings in January 2023. This last report stated the relevance and merits of its legal arguments developed on behalf of COMINIERE SA, which arguments had shaken the position of MMCS1,while establishing the non-foundation of its main claims as well as the weaknesses and inconsistencies of the interventions of the experts and witnesses cited by the plaintiff in this procedure.
It should be noted that by correspondence dated June 29, 2023, in accordance with Article 37(6), the Secretary General granted the Claimant a final deadline until July 17, 2023 to pay the balance of the amount of the
provision separately and informed the claimant that in the absence of payment within the time allowed, the claims concerned would be considered withdrawn.
This period expired on July 17, 2023 without our having received this payment and without any party having raised an objection in accordance with Article 37(6). Consequently, in accordance with Article 37(6), the main requests are considered withdrawn as of July 18, 2023, without this precluding their subsequent reintroduction in another procedure. The Court was informed of the withdrawal of the claims and, at the same time, it was asked to fix the costs of the arbitration. So what is the consequence to be drawn from this withdrawal?
To date, according to a mining and quarrying agent who requested anonymity, the direct consequence of the withdrawal of MMCS1's requests or the end of the procedure is that COMINIERE SA does not incur any risk whatsoever arising from the procedure, this which can be analyzed as a success and/or result obtained for the benefit of the government corporation.
Dieudonne Buanali
End of the arbitration proceedings at the ICC: Shaken by the position of COMINIERE SA, the company MMCS1 withdraws its main claims
Byuser1
Posted on August 11, 2023
https://geopolismagazine.net/fin-de...ciete-mmcs1-retire-ses-demandes-principales/#
https://geopolismagazine.net/fin-de...ciete-mmcs1-retire-ses-demandes-principales/#
https://geopolismagazine.net/fin-de...ciete-mmcs1-retire-ses-demandes-principales/#
COMMENTS
Indeed, following the official withdrawal of the main claims of MMCS1 in the file opposing it to the Congolese mining company, the General Secretariat of the International Court of Arbitration of the International Chamber of Commerce (ICC) transmitted, by email of July 21, 2023, to all the litigants as well as to the Arbitral Tribunal, the letter confirming the end of the arbitration procedure registered under ICC nº 23225/GR/PAR between MMCS1 and COMINIERE SA (hereinafter referred to as the "procedure ”), pursuant to Article 37(6) of the ICC Rules.
For its part, the Arbitral Tribunal constituted to hear this procedure, by its email of July 28, 2023, formally acknowledged receipt of the email of July 21, 2023 and noted that the Procedure is deemed to have ended. By her email of July 31, 2023 addressed to the Arbitral Tribunal, the claimant in arbitration MMCS1
through her counsel, confirmed the end of the procedure following the withdrawal of her main claims pursuant to Article 37(6) of the CCl Rules and, moreover, thanked the Arbitral Tribunal for all the diligence carried out since the start of this arbitration, for the professionalism they have demonstrated in this case, but also for the flexibility and patience they have shown towards the parties throughout the proceedings.
The hearings of the pleadings having been closed and the hearing notes issued, COMINIERE SA's legal counsel also sent the note of the balance of his fees to the senior management of this para-public, as announced in his referenced letter of January 02, 2023 The withdrawal of the principal claims and consequently the end of the procedure, devote the end of its services relative to this Procedure.
At the time of going to press, MMCS1 refused and still refuses, in a deliberate manner, to pay the balance of the amount of the separate position, despite repeated reminders from the General Secretariat of the International Court of Arbitration of the ICC, to enable the Arbitral Tribunal to rule on the merits of its claims, confirms the terms of the latest report by Cabinet Emery Mukendi Wafwana et Associés, SCP, sent to COMINIERE SA following the hearings in January 2023. This last report stated the relevance and merits of its legal arguments developed on behalf of COMINIERE SA, which arguments had shaken the position of MMCS1,while establishing the non-foundation of its main claims as well as the weaknesses and inconsistencies of the interventions of the experts and witnesses cited by the plaintiff in this procedure.
It should be noted that by correspondence dated June 29, 2023, in accordance with Article 37(6), the Secretary General granted the Claimant a final deadline until July 17, 2023 to pay the balance of the amount of the
provision separately and informed the claimant that in the absence of payment within the time allowed, the claims concerned would be considered withdrawn.
This period expired on July 17, 2023 without our having received this payment and without any party having raised an objection in accordance with Article 37(6). Consequently, in accordance with Article 37(6), the main requests are considered withdrawn as of July 18, 2023, without this precluding their subsequent reintroduction in another procedure. The Court was informed of the withdrawal of the claims and, at the same time, it was asked to fix the costs of the arbitration. So what is the consequence to be drawn from this withdrawal?
To date, according to a mining and quarrying agent who requested anonymity, the direct consequence of the withdrawal of MMCS1's requests or the end of the procedure is that COMINIERE SA does not incur any risk whatsoever arising from the procedure, this which can be analyzed as a success and/or result obtained for the benefit of the government corporation.
Dieudonne Buanali
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