AVZ Discussion 2022
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Dijon101
Regular
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Frank
Top 20
International Court of Arbitration of the International Chamber of Commerce.
Case No. 27720/SP/ETT/SVE.
Partial Award. Arbitration between AVZ Intl, Dathcom, Green Lithium, and COMINIERE
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Frank
Top 20
Weekly Wrap: Gold Hits High, Copper Surges & an AVZ Trump Card
Trump vs China: The Battle for Manono Lithium
Just when the 21,000 shareholders of AVZ Minerals finally thought their investment was dead and buried, in steps probably the most famous person in the world to throw fuel back on the fire.Who else but Donald Trump?
Big Don has entered the fight for Manono, transforming what was already a geopolitical flashpoint into a presidential chess match.
We covered AVZ Minerals in depth last year, tracking the journey from discovery to de-listing.
You can find the article here - arguably the most comprehensive timeline of the AVZ saga available anywhere (and now in need of an update).
AVZ Minerals: From $6 million to a $4.5 billion delisting. Inside the Congo lithium saga
7 May 2024Read full story
For those who need a refresher, Manono is the world’s largest hard rock lithium deposit. ASX-listed AVZ lost control of it to Chinese-backed interests in what many consider a corporate heist, leaving shareholders holding the bag.
Now, the US has stepped in, using its critical minerals policy to push for AVZ’s reinstatement.
Recent legal rulings have favoured AVZ, with an international court awarding €39.12 million in damages and potentially paving the way for AVZ to reclaim Manono.
What happened, and what does it mean for AVZ Minerals?
- The Trump administration is “poised to insist control of the massive lithium deposit be handed back to AVZ,” according to The Australian.
- US State Department officials confirmed they want to boost “responsible and transparent” development of DRC’s critical minerals – code for “not Chinese-controlled.”
- If successful, the company may look to re-list on the ASX. Don’t forget that AVZ was valued at an incredible $4.5 billion at one point in time.
- For shareholders who watched their investment evaporate when trading was suspended, this presidential intervention offers a glimmer of hope.
Chinese interests seized control with help from DRC officials.
Now, Trump is stepping in to reverse the takeover and hand it back to the Aussies.
This Trump-sized plot twist might just breathe life into other lithium plays too, and we daresay most ASX explorers with a decent lithium patch will be thinking about dusting off their investor decks this week.
AVZ now has the most powerful ally imaginable in their corner.
When you’re up against Chinese mining giants and the DRC government, having Trump on your side might be the only way to turn the tide.
We’ll keep watching this one closely.
Final Takeaways
Well, that was one hell of a week.Copper charging towards $5/lb, gold finally crashing through $3,000/oz - metal prices are on fire.
The sleepy commodities market just woke up, and small-caps with quality assets are getting a second look from investors.
Top End Energy has staked their claim in Kansas with a drill site locked in and operations on the horizon.
This patch of America is fast becoming ground zero for the natural hydrogen race.
And then there’s AVZ - back from the brink with the most unexpected supporter imaginable.
A US president stepping in to help an Australian company recover a lithium deposit from Chinese interests?
Nobody had that on their 2025 bingo card.
Weekly Wrap: Gold Hits High, Copper Surges & an AVZ Trump Card
Gold breaks $3,000, copper muscles toward $5/lb, Trump enters AVZ's corner, and a small-cap stakes its hydrogen claim in another action-packed week for resources
articles.equitiesclub.com
That is one down and four to go.
Amotavio strikes me to have more than half a brain.
But to be honest, before I would give you my bank details I would be mighty careful, cause I don't know you from a bar of soap.
You might get a similar response from Amotavio.
Written by Team Colitco March 15, 2025 9:12 pm
The United States is preparing to intervene in the ongoing dispute over the Manono lithium project in the Democratic Republic of Congo (DRC). The Australian reported that Washington aims to back Australian company AVZ Minerals in its legal battle to reclaim the lithium asset.
The US intervention aligns with its broader strategy to secure critical minerals and limit Chinese control over key global resources.
Figure 1: The Manono Lithium Mine
The dispute began after the DRC revoked AVZ’s mining permit in 2023, citing slow project development. The rights were later transferred to a unit of Zijin Mining, leading AVZ to challenge the decision in arbitration.
AVZ stated it would explore options to recover the penalty and is in early discussions with US-based entities to secure funding for the Manono project.
A US State Department spokesperson confirmed ongoing discussions with DRC officials regarding responsible investment in critical minerals.
“The US has and continues to work with our DRC partners to boost US private sector investment in the DRC to develop mining resources in a responsible and transparent manner that contributes to the strength and prosperity of both the DRC and the US,” the spokesperson stated.
US officials reportedly plan to allow Zijin to retain control over the northern section of Manono to avoid direct conflict with China.
Figure 2: AVZ faced major setbacks after losing control of Manono
The US government has also raised concerns over AVZ’s financial ties to China’s Contemporary Amperex Technology Co. Limited (CATL), the world’s largest electric vehicle battery manufacturer. In January 2024, CATL provided AVZ with USD 20 million in funding.
In the same month, the US Department of Defence designated CATL as a “Chinese military company.” CATL has denied engaging in any military-related activities.
Jean Bele, a DRC businessman and physicist, highlighted the country’s complex position between the US and China.
“It is a very tricky situation,” Bele said. “US investment requires the respect of the environment, of human rights, and the many other things. Chinese investment is not doing that now.”
DRC’s state-owned mining company, Gécamines, has offered to acquire Chemaf to prevent China’s Norinco from expanding its interests in the country’s mining sector.
Figure 3: US is monitoring conflict involving Chemaf Resources
Norinco already owns the Comika and Lamikal mines in partnership with Gécamines. The US sanctioned Norinco in 2021.
“The US is open to discussing partnerships aligned with the Trump administration’s America First Agenda,” a State Department spokesperson said.
Jean Bele welcomed US investment, saying it promotes legal compliance, unlike some Chinese firms accused of bribery.
The lithium, copper, and cobalt disputes highlight the DRC’s central role in the US-China struggle for critical minerals.
US Moves to Support AVZ in Congo Lithium Dispute
The United States is preparing to intervene in the ongoing dispute over the Manono lithium project in the Democratic Republic of Congo (DRC). The Australian reported that Washington aims to back Australian company AVZ Minerals in its legal battle to reclaim the lithium asset.
The US intervention aligns with its broader strategy to secure critical minerals and limit Chinese control over key global resources.
AVZ Secures Legal Victory Against DRC
AVZ Minerals announced a legal win on Friday against the DRC and China’s Zijin Mining over the Manono lithium mine. The International Court of Arbitration of the International Chamber of Commerce (ICC) ordered DRC’s state-owned Cominiere to pay a €39.1 million ($42.46 million) penalty for failing to comply with previous rulings.
Figure 1: The Manono Lithium Mine
The dispute began after the DRC revoked AVZ’s mining permit in 2023, citing slow project development. The rights were later transferred to a unit of Zijin Mining, leading AVZ to challenge the decision in arbitration.
AVZ stated it would explore options to recover the penalty and is in early discussions with US-based entities to secure funding for the Manono project.
Manono Lithium Dispute Intensifies
AVZ asserts it holds legal rights over the entire deposit, but DRC authorities split the licence, allowing Zijin to proceed with mining operations in the northern section. AVZ is seeking redress through international arbitration, though previous favourable rulings have not been enforced.US Plans for Manono Project
The US government aims to ensure the southern section of the Manono project is returned to AVZ. In exchange, AVZ is expected to sell the asset to a US entity.A US State Department spokesperson confirmed ongoing discussions with DRC officials regarding responsible investment in critical minerals.
“The US has and continues to work with our DRC partners to boost US private sector investment in the DRC to develop mining resources in a responsible and transparent manner that contributes to the strength and prosperity of both the DRC and the US,” the spokesperson stated.
Geopolitical Ramifications of US Involvement
The dispute over Manono comes amid rising tensions between the US and China over global supply chains for critical minerals. Washington views Zijin as a state-controlled entity and seeks to limit its influence.US officials reportedly plan to allow Zijin to retain control over the northern section of Manono to avoid direct conflict with China.
AVZ’s Struggles and US-CATL Tensions
AVZ, once valued at AUD 4.6 billion, faced significant setbacks after losing control of Manono. The company was delisted from the ASX in 2024 following a trading suspension in 2022.
Figure 2: AVZ faced major setbacks after losing control of Manono
The US government has also raised concerns over AVZ’s financial ties to China’s Contemporary Amperex Technology Co. Limited (CATL), the world’s largest electric vehicle battery manufacturer. In January 2024, CATL provided AVZ with USD 20 million in funding.
In the same month, the US Department of Defence designated CATL as a “Chinese military company.” CATL has denied engaging in any military-related activities.
DRC’s Balancing Act Between US and China
DRC President Félix Tshisekedi is reportedly seeking a strategic agreement with the US to address security challenges, including conflicts with Rwandan-backed M23 rebels.Jean Bele, a DRC businessman and physicist, highlighted the country’s complex position between the US and China.
“It is a very tricky situation,” Bele said. “US investment requires the respect of the environment, of human rights, and the many other things. Chinese investment is not doing that now.”
Chemaf Copper and Cobalt Dispute
Beyond the lithium dispute, the US is also monitoring another critical minerals conflict involving Chemaf Resources, a DRC-based copper and cobalt miner.DRC’s state-owned mining company, Gécamines, has offered to acquire Chemaf to prevent China’s Norinco from expanding its interests in the country’s mining sector.
Figure 3: US is monitoring conflict involving Chemaf Resources
Norinco already owns the Comika and Lamikal mines in partnership with Gécamines. The US sanctioned Norinco in 2021.
Future of US Investment in DRC
Washington seeks a critical minerals partnership with the DRC to counter China’s dominance and secure resources for defence and electrification.“The US is open to discussing partnerships aligned with the Trump administration’s America First Agenda,” a State Department spokesperson said.
Jean Bele welcomed US investment, saying it promotes legal compliance, unlike some Chinese firms accused of bribery.
The lithium, copper, and cobalt disputes highlight the DRC’s central role in the US-China struggle for critical minerals.
Bray
Regular
YOU SHOULDNT HAVE TO LEARN, YOU SHOULD ALREADY KNOW YA FKN GOOSE
Dave Evans
Regular
The full transcript is a read and a half.
The delays, the tactics and even the balls to ask the emergency arbitrator to have AVZ pay all legal costs even after we wonfucking clowns.
After this latest win in the ICC @JAG (which follows on from all the other AVZ wins in the ICC), this seems an appropriate time to remind shareholders what the MMGA (Fat Tail stooges) did to try overthrow our BOD and undermine our challenges in the ICC and ICSID
Over a period of 20 days ahead of the AVZ Minerals’ 2023 Annual General Meeting, Fat Tail Holdings (MMGA) initiated a media campaign using Alliance Advisors that included a series of announcements, social media statements, nine emails, mailed notices and videos targeting AVZ shareholders.
Amongst this barrage of media denouncing our BOD, the MMGA (Fat Tail) group made the following statements
THE ENTIRE AVZ BOARD MUST RESIGN
THE POSITION OF THE INCUMBENT BOARD IS UNTENABLE
THEIR TIME IS UP
THE BOD MUST RESIGN IMMEDIATELY
CHANGE IS NEEDED
WE URGENTLY NEED NEW DIRECTORS
THE AVZ BOD HAS NEGLECTED THEIR DUTY TO SHAREHOLDERS
THE BOD HAS IGNORED THE DEMANDS OF THE DRC GOVERNMENT
AVZ HAS OFFENDED THE DRC GOVERNMENT AND LITIGATION IS COUNTER PRODUCTIVE
NO REASONABLE EXPECTATION THAT INTERNATIONAL ARBITRATION WOULD RESULT IN RESTORED TITLE
THE CURRENT BOD CONTINUES TO DRAIN AVZ’s FUNDS ON HOSTILE LITIGATION AND IGNORED NEGOTIATION
I hope all AVZ shareholders will never forget who fought for the company and who fought against the company
And I hope when the day comes when shareholders are awarded their rightful returns on their investments that there will be a significant number of shareholders who combine their resources and seek retribution in the form of suing the pants off all those who conspired against us
What about all the shareholders that were duped into selling their shares for 1cent a share ????….. they need to have some sort of retribution. ( I am not one of them ) Or perhaps they deserve to see their loss on paper due to their dis loyalty. Either way … a bitter pill to swallow.After this latest win in the ICC @JAG (which follows on from all the other AVZ wins in the ICC), this seems an appropriate time to remind shareholders what the MMGA (Fat Tail stooges) did to try overthrow our BOD and undermine our challenges in the ICC and ICSID
Over a period of 20 days ahead of the AVZ Minerals’ 2023 Annual General Meeting, Fat Tail Holdings (MMGA) initiated a media campaign using Alliance Advisors that included a series of announcements, social media statements, nine emails, mailed notices and videos targeting AVZ shareholders.
Amongst this barrage of media denouncing our BOD, the MMGA (Fat Tail) group made the following statements
THE ENTIRE AVZ BOARD MUST RESIGN
THE POSITION OF THE INCUMBENT BOARD IS UNTENABLE
THEIR TIME IS UP
THE BOD MUST RESIGN IMMEDIATELY
CHANGE IS NEEDED
WE URGENTLY NEED NEW DIRECTORS
NO REASONABLE EXPECTATION THAT INTERNATIONAL ARBITRATION WOULD RESULT IN RESTORED TITLE
THE AVZ BOD HAS NEGLECTED THEIR DUTY TO SHAREHOLDERS
THE BOD HAS IGNORED THE DEMANDS OF THE DRC GOVERNMENT
AVZ HAS OFFENDED THE DRC GOVERNMENT AND LITIGATION IS COUNTER PRODUCTIVE
THE CURRENT BOD CONTINUES TO DRAIN AVZ’s FUNDS ON HOSTILE LITIGATION AND IGNORED NEGOTIATION
I hope all AVZ shareholders will never forget who fought for the company and who fought against the company
And I hope when the day comes when shareholders are awarded their rightful returns on their investments that there will be a significant number of shareholders who combine their resources and seek retribution in the form of suing the pants off all those who conspired against us
Good point. On this note, I wonder if its possible to deem the way they went about obtaining their shares as illegal. I can't stand the thought of these flogs making a profit here.After this latest win in the ICC @JAG (which follows on from all the other AVZ wins in the ICC), this seems an appropriate time to remind shareholders what the MMGA (Fat Tail stooges) did to try overthrow our BOD and undermine our challenges in the ICC and ICSID
Over a period of 20 days ahead of the AVZ Minerals’ 2023 Annual General Meeting, Fat Tail Holdings (MMGA) initiated a media campaign using Alliance Advisors that included a series of announcements, social media statements, nine emails, mailed notices and videos targeting AVZ shareholders.
Amongst this barrage of media denouncing our BOD, the MMGA (Fat Tail) group made the following statements
THE ENTIRE AVZ BOARD MUST RESIGN
THE POSITION OF THE INCUMBENT BOARD IS UNTENABLE
THEIR TIME IS UP
THE BOD MUST RESIGN IMMEDIATELY
CHANGE IS NEEDED
WE URGENTLY NEED NEW DIRECTORS
THE AVZ BOD HAS NEGLECTED THEIR DUTY TO SHAREHOLDERS
THE BOD HAS IGNORED THE DEMANDS OF THE DRC GOVERNMENT
AVZ HAS OFFENDED THE DRC GOVERNMENT AND LITIGATION IS COUNTER PRODUCTIVE
NO REASONABLE EXPECTATION THAT INTERNATIONAL ARBITRATION WOULD RESULT IN RESTORED TITLE
THE CURRENT BOD CONTINUES TO DRAIN AVZ’s FUNDS ON HOSTILE LITIGATION AND IGNORED NEGOTIATION
I hope all AVZ shareholders will never forget who fought for the company and who fought against the company
And I hope when the day comes when shareholders are awarded their rightful returns on their investments that there will be a significant number of shareholders who combine their resources and seek retribution in the form of suing the pants off all those who conspired against us
BRICK
Top 20
Where do i sign.After this latest win in the ICC @JAG (which follows on from all the other AVZ wins in the ICC), this seems an appropriate time to remind shareholders what the MMGA (Fat Tail stooges) did to try overthrow our BOD and undermine our challenges in the ICC and ICSID
Over a period of 20 days ahead of the AVZ Minerals’ 2023 Annual General Meeting, Fat Tail Holdings (MMGA) initiated a media campaign using Alliance Advisors that included a series of announcements, social media statements, nine emails, mailed notices and videos targeting AVZ shareholders.
Amongst this barrage of media denouncing our BOD, the MMGA (Fat Tail) group made the following statements
THE ENTIRE AVZ BOARD MUST RESIGN
THE POSITION OF THE INCUMBENT BOARD IS UNTENABLE
THEIR TIME IS UP
THE BOD MUST RESIGN IMMEDIATELY
CHANGE IS NEEDED
WE URGENTLY NEED NEW DIRECTORS
THE AVZ BOD HAS NEGLECTED THEIR DUTY TO SHAREHOLDERS
THE BOD HAS IGNORED THE DEMANDS OF THE DRC GOVERNMENT
AVZ HAS OFFENDED THE DRC GOVERNMENT AND LITIGATION IS COUNTER PRODUCTIVE
NO REASONABLE EXPECTATION THAT INTERNATIONAL ARBITRATION WOULD RESULT IN RESTORED TITLE
THE CURRENT BOD CONTINUES TO DRAIN AVZ’s FUNDS ON HOSTILE LITIGATION AND IGNORED NEGOTIATION
I hope all AVZ shareholders will never forget who fought for the company and who fought against the company
And I hope when the day comes when shareholders are awarded their rightful returns on their investments that there will be a significant number of shareholders who combine their resources and seek retribution in the form of suing the pants off all those who conspired against us
Fuck those assholes.
Spikerama
Regular
After this latest win in the ICC @JAG (which follows on from all the other AVZ wins in the ICC), this seems an appropriate time to remind shareholders what the MMGA (Fat Tail stooges) did to try overthrow our BOD and undermine our challenges in the ICC and ICSID
Over a period of 20 days ahead of the AVZ Minerals’ 2023 Annual General Meeting, Fat Tail Holdings (MMGA) initiated a media campaign using Alliance Advisors that included a series of announcements, social media statements, nine emails, mailed notices and videos targeting AVZ shareholders.
Amongst this barrage of media denouncing our BOD, the MMGA (Fat Tail) group made the following statements
THE ENTIRE AVZ BOARD MUST RESIGN
THE POSITION OF THE INCUMBENT BOARD IS UNTENABLE
THEIR TIME IS UP
THE BOD MUST RESIGN IMMEDIATELY
CHANGE IS NEEDED
WE URGENTLY NEED NEW DIRECTORS
THE AVZ BOD HAS NEGLECTED THEIR DUTY TO SHAREHOLDERS
THE BOD HAS IGNORED THE DEMANDS OF THE DRC GOVERNMENT
AVZ HAS OFFENDED THE DRC GOVERNMENT AND LITIGATION IS COUNTER PRODUCTIVE
NO REASONABLE EXPECTATION THAT INTERNATIONAL ARBITRATION WOULD RESULT IN RESTORED TITLE
THE CURRENT BOD CONTINUES TO DRAIN AVZ’s FUNDS ON HOSTILE LITIGATION AND IGNORED NEGOTIATION
I hope all AVZ shareholders will never forget who fought for the company and who fought against the company
And I hope when the day comes when shareholders are awarded their rightful returns on their investments that there will be a significant number of shareholders who combine their resources and seek retribution in the form of suing the pants off all those who conspired against us
Don't worry mate. There isn't a doubt in my mind that they will get their comeuppance when they least expect it.
Dave Evans
Regular
@M.Bison I believe you are referring to what I have attached below
I did look into it and I think the particular person involved may try and cover himself by referring to a valuation that came out a few years ago by a chartered valuer. I believe the valuations were selling for about $5k a pop at the time.
Here’s some information on what took place regarding the purchasing of AVZ shares for $0.01
Emails were sent to institutional and sophisticated investors but I also believe there were a number of unsolicited offers targeting investors
The first email offer stated to shareholders there was a takeover offer. The second email offer stated to shareholders there was a buyback.
Both offers involved Resource Capital Investments.
Then the emails read “Resource Capital Investments acting as Trustee for Resource Investments Trust are offering to buy your shares”
Shareholders were on to these quickly and shared this information
https://static1.squarespace.com/sta.../Resource+Capital+Investment+Announcement.pdf
Search Company and Other Registers
connectonline.asic.gov.auSearch: 678207308
Company was set up on June 14
All the codes used in the emails below used the IRESS company identification system of AVZ.AU
Unsolicited offers claiming a takeover
Member Direct alert: AVZ.AU Takeover |
Dear xxxxxxxxxxxxxx As you hold shares in AVZ Minerals Limited - Delisted (AVZ.AU), you are able to participate in the recently announced Takeover. This is an elective Corporate Action, meaning you don't need to do anything if you don't want to. Key details:
Your entitlement to participate will be based on your shareholding on the record date of 28/06/2024 and visible in your portfolio holdings from that date. Please consider this if you intend to buy or sell shares in AVZ.AU before then as it may affect your Takeover entitlement. Member Direct election cut-off Please submit your election through Member Direct if you wish to participate. The final date for submitting your decision is 01/07/2024. This is earlier than if you held these shares outside of Member Direct as we need time to process elections for all members and submit them to the registrar. |
Unsolicited offers claiming a buyback
From:elections.apac.st@ig.com.au<elections.apac.st@ig.com.au>
Sent: Tuesday, July 2, 2024 2:36 PM
To: Undisclosed recipients:
Subject: (ST) - AVZ Minerals Limited Buyback offer
Dear Client,
AVZ Minerals Limited has announced an off market buy back tender of some or all of your fully paid ordinary shares in the company.
Under the buyback process, eligible holders will be able to tender their ordinary shares at a fixed price of AUD 0.01 per share.
The company advised that you may tender partially or for your entire holding. In the event the company receives applications in excess of the offer amount, shareholders will be scaled back pro rata on the number of shares.....
.............................................................................................................................................................................
Unsolicited offers to buy shares
More attempts to acquire AVZ shares
An investor from Hong Kong who bought shares via Zhongtai International Securities received below “AVZ Minerals has announced that shareholders may accept the conditional offer….”
TO BE CLEAR - AVZ recommends you do not sell
Resource Capital Investments PTY LTD made several offers to acquire shares in AVZ Minerals and once again used Alliance Advisors to advise shareholders.
Resource Capital Investments PTY LTD was registered two weeks before the “Takeover” and “Buyback” share offers were emailed to shareholders.
Prior to acquiring shares in AVZ Minerals, Resource Capital Investments Pty Ltd claimed it was “OF THE OPINION THAT NO SIGNIFICANT VALUE CAN CURRENTLY BE PLACED ON AVZ SHARES”
THE OFFER WAS ALSO CLAIMED TO BE CURRENTLY THE ONLY (AND HIGHEST) FORMAL OFFER TO ALL AVZ INSTITUTIONAL SHAREHOLDERS
One purchase offer made by RSI, emailed from: elections.apac.st@ig.com.au was immediately followed a similar email from elections.apac.st@ig.com.au that falsely stated AVZ Minerals made the same offer.
At the same time, Zhongtai International Securities Limited (XINU Capital Ltd) also sent emails to shareholders and additionally sent out a statement alleging “AVZ MINERALS LIMITED has announced that shareholders may accept the conditional cash offer at the cash offer price AUD0.0100”. This statement was also said to be false by AVZ Minerals
Anyway let’s enjoy our wins in Arbitration and the current reports that Trump may be supporting our cause for now and worry about seeking retribution on the various stooges when the time comes
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