AVZ Discussion 2022

[wombat74]

AVZ Minerals Secures $15 Million Litigation Funding for DRC Disputes - Copperbelt Katanga Mining

AVZ Minerals Limited, a lithium mining company, has secured $15 million in litigation funding from Locke Capital II to support its legal efforts related to

copperbeltkatangamining.com

 

[PutUsernameHere]

Been outside of reception over the weekend, so catching up on everyone's input now. Just throwing in my thanks to the feedback posted from those that attended the AGM and relayed it here. There's a much more positive tone on the back of securing the funding from Locke, and hopefully renewed energy on the board to really start driving this home via legal proceedings. I want my fucking money, but I'm not willing to accept some piss-ant offer either. I want to see a justified ROI from all the bullshit we've been put through from Chyna, corrupt cunts in the DRC, and the domestic fucknuts that have been actively working to undermine the company. Still a long road ahead, but I feel better about it all than I did a few days ago.

 

[Frank]

AVZ Minerals Secures $15 Million Litigation Funding for DRC Disputes - Copperbelt Katanga Mining

AVZ Minerals Limited, a lithium mining company, has secured $15 million in litigation funding from Locke Capital II to support its legal efforts related to

copperbeltkatangamining.com

AVZ Minerals Secures $15 Million Litigation Funding for DRC Disputes​

AVZ Minerals Limited, a lithium mining company, has secured $15 million in litigation funding from Locke Capital II to support its legal efforts related to disputes over its mining projects, including the Manono project in the Democratic Republic of Congo (DRC).

AVZ CEO Nigel Ferguson expressed satisfaction with the agreement, stating on November 28: “Locke, a global litigation funder with a strong track record, has approved funding for AVZ, validating our strong position in these disputes and paving the way for a successful resolution.”

The company plans to draw an initial tranche of funds in December 2024, emphasizing its commitment to defending its legal rights for the benefit of shareholders and stakeholders, while advancing the Manono project.

The funding will exclusively cover legal fees for multiple arbitration proceedings, including:

• Three ICC cases involving Congolaise d’Exploitation Minière and Jin Cheng Mining Company.
• Two ICC cases involving Dathomir Mining Resources SARLU.
• ICSID arbitration against the DRC.
• It will also support other related disputes involving AVZ Minerals and its affiliates.

This funding arrangement allows AVZ to pursue critical legal battles without diverting resources from operational activities, underscoring the challenges of safeguarding interests in the lithium sector—key to the global energy transition.

 

[hedrox]

Me Christian Lukusa, bouc émissaire d'AVZ : Où sont passés les 20 millions de dollars ? - MINES.CD - Premier média congolais du secteur minier

Avant 2024, Momentum Attorneys & Advisors était un cabinet de renom en RDC. Son avocat Me Christian Lukusa incarnait la défense des intérêts d’AVZ et de DATHCOM, apparaissant régulièrement sur le devant de la scène : que ce soit devant le parquet et les tribunaux, auprès des autorités...

mines.cd

 

[Vanfeder]

Thanks to everyone who reported from the AGM. I am well aware about general sentiment, that many of us want this saga has eventully a (happy) ending. My point of concern is the timing with lithium prices at the very low. Just had to observe the take over of Arcadium Lithium. I bought into Livent few years ago (basicall during the boom), then it merged with Allkem building Arcadium and now the company goes to Rio Tinto. With premium of rd. 90% on top of current share price i am still 30% in red. And Rio Tinto states on their website straight away, that they consider current market with low prices and low valuations being a favourable moment for acquisitions.

 

[Mr Inappropriate]

View attachment 73630

Me Christian Lukusa, bouc émissaire d'AVZ : Où sont passés les 20 millions de dollars ? - MINES.CD - Premier média congolais du secteur minier

Avant 2024, Momentum Attorneys & Advisors était un cabinet de renom en RDC. Son avocat Me Christian Lukusa incarnait la défense des intérêts d’AVZ et de DATHCOM, apparaissant régulièrement sur le devant de la scène : que ce soit devant le parquet et les tribunaux, auprès des autorités...

mines.cd

It’s hard keeping track of who’s doing what, and to whom.

Can someone please do me favour and compile a list of all the people in the DRC who are not crooks.

 

[Winenut]

View attachment 73630

Me Christian Lukusa, bouc émissaire d'AVZ : Où sont passés les 20 millions de dollars ? - MINES.CD - Premier média congolais du secteur minier

Avant 2024, Momentum Attorneys & Advisors était un cabinet de renom en RDC. Son avocat Me Christian Lukusa incarnait la défense des intérêts d’AVZ et de DATHCOM, apparaissant régulièrement sur le devant de la scène : que ce soit devant le parquet et les tribunaux, auprès des autorités...

mines.cd

Christian has nothing to fear if he has nothing to do with it.

Pretty fucking simple really

 

[Remark]

It’s hard keeping track of who’s doing what, and to whom.

Can someone please do me favour and compile a list of all the people in the DRC who are not crooks.

That's gonna to be a really short list

 

[Frank]

We're finally going to war, I've about an 18 month buffer on my mortgage before I need to defer. Hopefully something fruitful comes of this and we start trading into 2026 at the latest

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[Rediah]

 

[Thaz]

Is that also a jab at Tom R for being petty?

 

[Retrobyte]

View attachment 73645

I was kinda hoping Graeme's link was this one ....

 

[Flight996]

Reuters today 02 Dec 2024

https://www.reuters.com/world/africa/bidens-long-awaited-africa-trip-tout-win-against-china-2024-12-01/

Motherhood statements, and no mention of the importance of Manono or its pivotal position as the world's largest source of high grade lithium.

Despite views to the contrary, I believe that the Lobito Corridor rail once completed will be open to Chinese companies, including Zijin Mining shipping stolen LiO2 to port.

The Lobito Atlantic Railway consortium has previously stated it will not allow a monopoly situation to develop, which means that Chinese miners, including Zijin Mining could potentially use this route to export LiO2 mined at Carriere de l'Este (CDL) through Angola's Port of Lobito and on to China.

In any case, Chinese miners have multiple alternative options available in order to shift raw materials from mines site to ports on either side of the continent. These alternative transport options are part of China's Belt and Road initiative, which commenced a decade ago.

Cheers
F

 

[BRICK]

Actually never been.
Maybe we could all go for a few days when this shit is over.

Its just a mud hole anyway.

Good place for crabs

 

[whales]

Reuters today 02 Dec 2024

https://www.reuters.com/world/africa/bidens-long-awaited-africa-trip-tout-win-against-china-2024-12-01/

Motherhood statements, and no mention of the importance of Manono or its pivotal position as the world's largest source of high grade lithium.

Despite views to the contrary, I believe that the Lobito Corridor rail once completed will be open to Chinese companies, including Zijin Mining shipping stolen LiO2 to port.

The Lobito Atlantic Railway consortium has previously stated it will not allow a monopoly situation to develop, which means that Chinese miners, including Zijin Mining could potentially use this route to export LiO2 mined at Carriere de l'Este (CDL) through Angola's Port of Lobito and on to China.

In any case, Chinese miners have multiple alternative options available in order to shift raw materials from mines site to ports on either side of the continent. These alternative transport options are part of China's Belt and Road initiative, which commenced a decade ago.

Cheers
F

No China does not control the port of lobito nor the major Tanzania Port of Der Salam .
Italian and Indian companies.
Doubt that South Africa will adhere to China control.
How much control will the USA let China have ???
With EU sanctions on Chinese EV already increasing maybe the world economies are serious on not letting China have a monopoly in critical minerals.
As for Felix getting a higher IQ for the benefit of his people we live in hope?

 

[Flight996]

No China does not control the port of lobito nor the major Tanzania Port of Der Salam .
Italian and Indian companies.
Doubt that South Africa will adhere to China control.
How much control will the USA let China have ???
With EU sanctions on Chinese EV already increasing maybe the world economies are serious on not letting China have a monopoly in critical minerals.
As for Felix getting a higher IQ for the benefit of his people we live in hope?

I didn't say China controls the port of Lobito (and certainly didn't mean to give that impression).

I said China has other transport options via its B&R initiative. I also doubt the USA alone will have control of the rail link. It's just one partner in a consortium, which is late to the party.

Cheers
F

 

[Flight996]

No China does not control the port of lobito nor the major Tanzania Port of Der Salam .
Italian and Indian companies.
Doubt that South Africa will adhere to China control.
How much control will the USA let China have ???
With EU sanctions on Chinese EV already increasing maybe the world economies are serious on not letting China have a monopoly in critical minerals.
As for Felix getting a higher IQ for the benefit of his people we live in hope?

I concur about Sth Africa.
That's a country trying really hard to implode.

 

[Winenut]

Its just a mud hole anyway.

Good place for crabs

"Good place for crabs"

The ones that live in the sea too I believe....

 

[cruiser51]

I didn't say China controls the port of Lobito (and certainly didn't mean to give that impression).

I said China has other transport options via its B&R initiative. I also doubt the USA alone will have control of the rail link. It's just one partner in a consortium, which is late to the party.

Cheers
F

Lobito Corridor History & Background

The Lobito Corridor is connected by a stretch of railway infrastructure snaking through mineral- and oil-rich parts of Angola, the DRC, and Zambia. It connects Southern and Central Africa, and provides access to Eastern Africa and a pathway to the Atlantic Ocean. The rail route was established...

www.lobitocorridor.org

 

[Rechnerhand]

Agenda point for AGM 2024 last week was e.g.

Where exactly can I find this?