The only thing that will make me jump for joy is $2+ guaranteed fucking tomorrow.....
AVZ Discussion 2022
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Xerof
Flaming 1967
you forgot the other 2 times before that
Bin59
Regular
Congo Wants to Pivot Away From China’s Dominance Over Its Mining
(Bloomberg) -- Democratic Republic of Congo’s top mining official said the country is courting new investors for its world-class deposits of key metals as it looks to diversify ownership in its industry, which is currently dominated by China. Most Read from BloombergSan Francisco to Shut 9% of...
finance.yahoo.com
Congo Wants to Pivot Away From China’s Dominance Over Its Mining
(Bloomberg) -- Democratic Republic of Congo’s top mining official said the country is courting new investors for its world-class deposits of key metals as it looks to diversify ownership in its industry, which is currently dominated by China. Most Read from BloombergSan Francisco to Shut 9% of...
Congo Wants to Pivot Away From China’s Dominance Over Its Mining
Michael J. Kavanagh and William ClowesThu, October 10, 2024 at 4:36 AM GMT+113 min read
(Bloomberg) -- Democratic Republic of Congo’s top mining official said the country is courting new investors for its world-class deposits of key metals as it looks to diversify ownership in its industry, which is currently dominated by China.
The plan includes streamlining processes to pay customs and taxes, along with a partnership with the United Arab Emirates, Mines Minister Kizito Pakabomba said in an interview. The nation is also planning to revamp a railway that can be used to transport minerals so cargoes can be more easily exported from a port along the Atlantic Ocean, positioned closer to US and European markets, he said.
Congo wants to “attract better investors, more investors and diversified investors,” Pakabomba said.
The ambitions come as the country continues to play a key role in international metals markets, while also finding itself at the center of a contest between China, the US and other countries vying for access to critical minerals. Congo recently overtook Peru to become the second-largest producer of copper and is by far the world’s biggest source of cobalt. Both commodities are key to the global energy transition.
The government is looking to make “strategic choices” about who runs Congo’s mines, the minister said, citing this year’s example of the state’s decision to oppose a proposed sale of Trafigura Group-backed copper and cobalt miner Chemaf Resources Ltd. to China’s Norin Mining Ltd.
“We’ve stopped this transaction,” Pakabomba said. If Chemaf remains set upon an ownership change, “we’ll consider with them the different options that could be taken,” he said.
Congo’s government has grown increasingly frustrated by its lack of influence over its mining industry, particularly in cobalt, a key ingredient in many electric-vehicle batteries. The country accounted for about three-quarters of global output of the metal last year, but a spike in production by miners in the nation — particularly China’s CMOC Ltd. — has pushed prices to eight-year lows.
The government is considering multiple options to have more control over cobalt exports, Pakabomba said.
Pakabomba also said that the country’s railway project is a big part of its strategy for the industry.
The government is evaluating how to improve a railway from the mining hub of Kolwezi to Congo’s border with Angola, which would then connect to a line terminating at the port of Lobito on the Atlantic Ocean, Pakabomba said.
The US has already committed $553 million to refurbish the Angolan section of the railway.
Congo’s foreign minister, Therese Kayikwamba Wagner, told Bloomberg that the country was considering a tender process to rebuild the Congolese side of the railway.
“I think that there are a lot of companies that are already lining up” with the project in mind, she said.
The rail-improvement project would cost $245 million over the first two years of construction, Pakabomba said.
“It will allow us to diversify the different export routes so that we are not only toward the East,” he said.
The Friday funnies are a day early this week.
Congo Wants to Pivot Away From China’s Dominance Over Its Mining
(Bloomberg) -- Democratic Republic of Congo’s top mining official said the country is courting new investors for its world-class deposits of key metals as it looks to diversify ownership in its industry, which is currently dominated by China. Most Read from BloombergSan Francisco to Shut 9% of...
Congo Wants to Pivot Away From China’s Dominance Over Its Mining
Michael J. Kavanagh and William Clowes
Thu, October 10, 2024 at 4:36 AM GMT+113 min read
(Bloomberg) -- Democratic Republic of Congo’s top mining official said the country is courting new investors for its world-class deposits of key metals as it looks to diversify ownership in its industry, which is currently dominated by China.
The plan includes streamlining processes to pay customs and taxes, along with a partnership with the United Arab Emirates, Mines Minister Kizito Pakabomba said in an interview. The nation is also planning to revamp a railway that can be used to transport minerals so cargoes can be more easily exported from a port along the Atlantic Ocean, positioned closer to US and European markets, he said.
Congo wants to “attract better investors, more investors and diversified investors,” Pakabomba said.
The ambitions come as the country continues to play a key role in international metals markets, while also finding itself at the center of a contest between China, the US and other countries vying for access to critical minerals. Congo recently overtook Peru to become the second-largest producer of copper and is by far the world’s biggest source of cobalt. Both commodities are key to the global energy transition.
The government is looking to make “strategic choices” about who runs Congo’s mines, the minister said, citing this year’s example of the state’s decision to oppose a proposed sale of Trafigura Group-backed copper and cobalt miner Chemaf Resources Ltd. to China’s Norin Mining Ltd.
“We’ve stopped this transaction,” Pakabomba said. If Chemaf remains set upon an ownership change, “we’ll consider with them the different options that could be taken,” he said.
Congo’s government has grown increasingly frustrated by its lack of influence over its mining industry, particularly in cobalt, a key ingredient in many electric-vehicle batteries. The country accounted for about three-quarters of global output of the metal last year, but a spike in production by miners in the nation — particularly China’s CMOC Ltd. — has pushed prices to eight-year lows.
The government is considering multiple options to have more control over cobalt exports, Pakabomba said.
Pakabomba also said that the country’s railway project is a big part of its strategy for the industry.
The government is evaluating how to improve a railway from the mining hub of Kolwezi to Congo’s border with Angola, which would then connect to a line terminating at the port of Lobito on the Atlantic Ocean, Pakabomba said.
The US has already committed $553 million to refurbish the Angolan section of the railway.
Congo’s foreign minister, Therese Kayikwamba Wagner, told Bloomberg that the country was considering a tender process to rebuild the Congolese side of the railway.
“I think that there are a lot of companies that are already lining up” with the project in mind, she said.
The rail-improvement project would cost $245 million over the first two years of construction, Pakabomba said.
“It will allow us to diversify the different export routes so that we are not only toward the East,” he said.
Carlos Danger
Top 20
Congo Wants to Pivot Away From China’s Dominance Over Its Mining
(Bloomberg) -- Democratic Republic of Congo’s top mining official said the country is courting new investors for its world-class deposits of key metals as it looks to diversify ownership in its industry, which is currently dominated by China. Most Read from BloombergSan Francisco to Shut 9% of...
Congo Wants to Pivot Away From China’s Dominance Over Its Mining
Michael J. Kavanagh and William Clowes
Thu, October 10, 2024 at 4:36 AM GMT+113 min read
(Bloomberg) -- Democratic Republic of Congo’s top mining official said the country is courting new investors for its world-class deposits of key metals as it looks to diversify ownership in its industry, which is currently dominated by China.
The plan includes streamlining processes to pay customs and taxes, along with a partnership with the United Arab Emirates, Mines Minister Kizito Pakabomba said in an interview. The nation is also planning to revamp a railway that can be used to transport minerals so cargoes can be more easily exported from a port along the Atlantic Ocean, positioned closer to US and European markets, he said.
Congo wants to “attract better investors, more investors and diversified investors,” Pakabomba said.
The ambitions come as the country continues to play a key role in international metals markets, while also finding itself at the center of a contest between China, the US and other countries vying for access to critical minerals. Congo recently overtook Peru to become the second-largest producer of copper and is by far the world’s biggest source of cobalt. Both commodities are key to the global energy transition.
The government is looking to make “strategic choices” about who runs Congo’s mines, the minister said, citing this year’s example of the state’s decision to oppose a proposed sale of Trafigura Group-backed copper and cobalt miner Chemaf Resources Ltd. to China’s Norin Mining Ltd.
“We’ve stopped this transaction,” Pakabomba said. If Chemaf remains set upon an ownership change, “we’ll consider with them the different options that could be taken,” he said.
Congo’s government has grown increasingly frustrated by its lack of influence over its mining industry, particularly in cobalt, a key ingredient in many electric-vehicle batteries. The country accounted for about three-quarters of global output of the metal last year, but a spike in production by miners in the nation — particularly China’s CMOC Ltd. — has pushed prices to eight-year lows.
The government is considering multiple options to have more control over cobalt exports, Pakabomba said.
Pakabomba also said that the country’s railway project is a big part of its strategy for the industry.
The government is evaluating how to improve a railway from the mining hub of Kolwezi to Congo’s border with Angola, which would then connect to a line terminating at the port of Lobito on the Atlantic Ocean, Pakabomba said.
The US has already committed $553 million to refurbish the Angolan section of the railway.
Congo’s foreign minister, Therese Kayikwamba Wagner, told Bloomberg that the country was considering a tender process to rebuild the Congolese side of the railway.
“I think that there are a lot of companies that are already lining up” with the project in mind, she said.
The rail-improvement project would cost $245 million over the first two years of construction, Pakabomba said.
“It will allow us to diversify the different export routes so that we are not only toward the East,” he said.
Congo Wants to Pivot Away From China’s Dominance Over Its Mining
(Bloomberg) -- Democratic Republic of Congo’s top mining official said the country is courting new investors for its world-class deposits of key metals as it looks to diversify ownership in its industry, which is currently dominated by China. Most Read from BloombergSan Francisco to Shut 9% of...
Congo Wants to Pivot Away From China’s Dominance Over Its Mining
Michael J. Kavanagh and William Clowes
Thu, October 10, 2024 at 4:36 AM GMT+113 min read
(Bloomberg) -- Democratic Republic of Congo’s top mining official said the country is courting new investors for its world-class deposits of key metals as it looks to diversify ownership in its industry, which is currently dominated by China.
The plan includes streamlining processes to pay customs and taxes, along with a partnership with the United Arab Emirates, Mines Minister Kizito Pakabomba said in an interview. The nation is also planning to revamp a railway that can be used to transport minerals so cargoes can be more easily exported from a port along the Atlantic Ocean, positioned closer to US and European markets, he said.
Congo wants to “attract better investors, more investors and diversified investors,” Pakabomba said.
The ambitions come as the country continues to play a key role in international metals markets, while also finding itself at the center of a contest between China, the US and other countries vying for access to critical minerals. Congo recently overtook Peru to become the second-largest producer of copper and is by far the world’s biggest source of cobalt. Both commodities are key to the global energy transition.
The government is looking to make “strategic choices” about who runs Congo’s mines, the minister said, citing this year’s example of the state’s decision to oppose a proposed sale of Trafigura Group-backed copper and cobalt miner Chemaf Resources Ltd. to China’s Norin Mining Ltd.
“We’ve stopped this transaction,” Pakabomba said. If Chemaf remains set upon an ownership change, “we’ll consider with them the different options that could be taken,” he said.
Congo’s government has grown increasingly frustrated by its lack of influence over its mining industry, particularly in cobalt, a key ingredient in many electric-vehicle batteries. The country accounted for about three-quarters of global output of the metal last year, but a spike in production by miners in the nation — particularly China’s CMOC Ltd. — has pushed prices to eight-year lows.
The government is considering multiple options to have more control over cobalt exports, Pakabomba said.
Pakabomba also said that the country’s railway project is a big part of its strategy for the industry.
The government is evaluating how to improve a railway from the mining hub of Kolwezi to Congo’s border with Angola, which would then connect to a line terminating at the port of Lobito on the Atlantic Ocean, Pakabomba said.
The US has already committed $553 million to refurbish the Angolan section of the railway.
Congo’s foreign minister, Therese Kayikwamba Wagner, told Bloomberg that the country was considering a tender process to rebuild the Congolese side of the railway.
“I think that there are a lot of companies that are already lining up” with the project in mind, she said.
The rail-improvement project would cost $245 million over the first two years of construction, Pakabomba said.
“It will allow us to diversify the different export routes so that we are not only toward the East,” he said.
Congo Wants to Pivot Away From China’s Dominance Over Its Mining
(Bloomberg) -- Democratic Republic of Congo’s top mining official said the country is courting new investors for its world-class deposits of key metals as it looks to diversify ownership in its industry, which is currently dominated by China. Most Read from BloombergSan Francisco to Shut 9% of...
Carlos Danger
Top 20
Perhaps these occurrences are linked
This is just speculation from me and no one should make any more out of my guess other than whenever someone has pointed out the haters are being silent they are usually back online trolling us within hours but it is potentially interesting that tolate and the other lemmings have all gone quiet while geo is hinting at a resolution in a few weeks
I guess tim will tell
Mute22
Regular
Lucas Don Velor
Regular
Carlos Danger
Top 20
Carlos Danger
Top 20
CashKing
Regular
Wtf mate unless we aren’t getting the true full story from AVZ something that’s SERIOUSLY FUCKED UP.
How are they getting away with this bullshit ?
Carlos Danger
Top 20
Manono Lithium continuing to progress the north fits with what management have told us. What they haven’t told us is the expected timeline it will take to ‘prosecute these matters in the absence of a negotiated outcome with the DRC state’. The only clue we have came from the now silenced 9card who told us the FIRST hearing at the ICSID is in June 2025 which indicates we are looking at a long time yet before we get a decision which will most likely be ignored by the DRC government anyway. This is why I’m not a fan of hinted joy jumping in a few weeks especially to someone that says they’re suffering in the lead up to voting season. Reeks of champagne at xmas but I’m willing to give geo the benefit of the doubt for now like I said.
It’s pretty obvious to me that we’re going the distance and the DRC government are willing to play the long game legally in order to progress with China controlling at least the north. In the meantime the plan of our adversaries is to try and bankrupt us or topple Nigel in order to take control of the project for less than fair value. But our realisation of fair value is looking almost certainly like years of arbitration followed by more years of trying to recoup our award through seizing billions in assets from one of the poorest countries on earth whenever they happen to have something valuable in friendly jurisdictions. Like I’ve said repeatedly seeing any fair value return on our investment this side of 2030 will be a miracle imo
Samus
Top 20
I don't always like or agree with everything you say Carlos and I don't like this much either but it's about the only conclusion any sane person can make without resulting to hopium and fantasy.
We've only got two things to look forward to short term and I don't think either of them will have anybody jumping for joy.
Locke capital being finalised so that we at least don't go completely broke and the ruling that cominiereSA need to pay their accrued fines to date.
Other than that we're in for a long haul unless by some miracle DRC come to the table regarding some form of negotiated settlement. But the last we got from them was denial that they're even having any form of negotiations with management.
Cumquat Cap
Regular
And handfuls of cancelling meetings after flights all around the world, the disrespect the DRC government has shown at all times in unfathomable. Once given the word, we should all unleash on Felix and his family members to shame the hell out of them.
Felix has planned this for years hence why Cominiere have always felt so safe and nothing they’ve done has been logical. Absolute scum of the earth fat cunt
Felix has planned this for years hence why Cominiere have always felt so safe and nothing they’ve done has been logical. Absolute scum of the earth fat cunt
Uglybob
Regular
So they got all dressed up for a photo shoot and shovelled some dirt next to an old wonky bridge. Who's going to benefit from the better bridge? Looks like the locals can already access where they need to go (they don't own cars) but a mining company needs more than a foot bridge. Just like a mining company needs bulk electricity. It's a bit rich to claim they are doing it for the local people when all they are really doing helping is themselves. It's self serving, not for the locals. They will probably try charge the locals to use the bridge. 
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