AVZ Discussion 2022
- Thread starter GazDix
- Start date
$10B is over $1B. Just sayin'.
Reads to me like another "journalist" who is paraphrasing a story read from elsewhere. I reckon they misread that the $1B is to develop the mine, not purchase the deposit.
I'm hoping this is more like Nigel .....
I hope not. That bloke lost eventually....
This one will have a much better impact during negotiation.I'm hoping this is more like Nigel .....
GIF thanks to @Rediah
P/s: I'm still traumatized to date.....
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US$12
Gee Nigel lost a lot of weight .
Manono Lithium: Benjamin Katabuka on the front line against Kinshasa
Creation date: Tuesday, May 20, 2025 01:15Benjamin Katabuka is the latest pawn that KoBold Metals has just pushed into the chess game currently being played around the Manono deposit in the Democratic Republic of Congo. At the end of March 2025, the lawyer was appointed country general manager of the American mining junior backed by billionaires Bill Gates and Jeff Bezos, even though the company currently has no operations in the country.
KoBold plans to apply for copper and cobalt exploration permits, but since January the company has been bidding for rights to the Manono lithium deposit, which it considers "to have the potential to become a large-scale, long-life lithium mine ." It therefore appears that this is where Benjamin Katabuka will first have to prove himself.
The Manono lithium deposit is at the heart of a dispute between Australian company AVZ Minerals and Congolese state-owned company Cominière and its Chinese partner Zijin Mining before the arbitration tribunals. AVZ, which believes it was unfairly excluded from the project, still claims to hold rights to the site.
In its offer, KoBold proposed to end the litigation by providing " appropriate compensation " to AVZ, in exchange for AVZ relinquishing its claims against Manono in its favor. The two companies announced that they had entered into a framework for " AVZ to divest its business interests in the Manono lithium deposit to KoBold at a fair value ."
All that remains is to convince the Congolese authorities to join this arrangement, as giants like Rio Tinto have also shown interest in Manono. To achieve this, the American company has chosen Benjamin Katabuka, a profile that combines international legal expertise with field experience in the Congolese mining industry.
A lawyer by training, a graduate of the universities of Neuchâtel and Geneva, Pennsylvania, and a member of the New York bar, Benjamin Katabuka has built his career between North America, Europe, and Africa. After a stint as a consultant in Geneva, he established himself as a leading figure in the Congolese extractive industry with over a decade of experience.
From 2022 until his appointment, Katabuka was Managing Director of C. Steinweg Bridge in the DRC. This South African subsidiary of the Dutch logistics group C. Steinweg Group provides import-export services in the country. Previously, he worked for Freeport-McMoRan from Kinshasa. This American group operated the Tenke Fungurume copper-cobalt mine and developed the Kisanfu project, before selling them to China's CMOC.
Boaz Kabeya, intern
Read also:
Manono Lithium: American KoBold puts pressure on Kinshasa
Lithium: Rio Tinto also interested in the Manono deposit
Which it (Kobold ) considers "to have the potential to become a large-scale, long-life lithium mine ."
"POTENTIAL "
--Honestly where do these f--kers get off ?Linked to that same news item...., from 9-5-2025Which it (Kobold ) considers "to have the potential to become a large-scale, long-life lithium mine ."
"POTENTIAL "
Will the new IGF IG of F be the same as Jules, or will it be a few steps back.
I would say Jules didn't get too many invites to join for a barbie and a sing-a-long.
Mute22
Regular
Too many sooky cunts lately, let's bring back the good vibes.
So many good things to be excited about:
- We haven’t been in such a good situation since the Ministerial Decree (lol) in 2022.
- FUD shills and salty side-liners are out in the largest force we’ve seen in years – always a bullish signal. They squeal the loudest in the lead-up to good news.
- KoBold is so far ahead in their mind that they’re planning taco Tuesdays in the Manono canteen – Bezos and Gates aren’t here to fuck spiders.
- Rio, the Saudis, and every other major player is sniffing around – if you're not seeing the value, the big end of town clearly is.
- AVZ spanked Cominière in arbitration and is owed over €39 million. If this goes all the way to court, it’s an open-and-shut case in our favour, solidifying our value at 10 billion, setting a floor in negotiations forever.
- AVZ’s new deal is getting the nod from Washington, with full backing from the DRC Prez. This isn’t just a mining story anymore – it’s a geopolitical chess piece, and Felix needs the Seppos on side.
- Critical minerals are hotter than ever. The US is scrambling for supply, and nothing coming out of Ukraine is going to fill the gap for years. Putin’s still cosplaying as a Bond villain, sending farm boys to die.
- Nigel’s playing it cool. He signed a non-binding agreement just to show who’s in the driver’s seat. KoBold might be first to the party, but the signal’s loud and clear to suitors; it’s time to put up or miss out.
- Media sentiment is now in our favour. Even the US media has woken up to the fact we hold rights to one of the most strategic patches of dirt on the planet.
- Most juniors would’ve folded by now. Nigel and the board? Still here, still swinging, and closer than ever to the win. From what I have been told from others who have spoken with Nigel since we went into suspension, his determination is not to be doubted.
- Don’t forget the tin
Bang on and don’t forget Cominiere’s silence. Absolutely zilch for months now.
Too many sooky cunts lately, let's bring back the good vibes.
So many good things to be excited about:
- We haven’t been in such a good situation since the Ministerial Decree (lol) in 2022.
- FUD shills and salty side-liners are out in the largest force we’ve seen in years – always a bullish signal. They squeal the loudest in the lead-up to good news.
- KoBold is so far ahead in their mind that they’re planning taco Tuesdays in the Manono canteen – Bezos and Gates aren’t here to fuck spiders.
- Rio, the Saudis, and every other major player is sniffing around – if you're not seeing the value, the big end of town clearly is.
- AVZ spanked Cominière in arbitration and is owed over €39 million. If this goes all the way to court, it’s an open-and-shut case in our favour, solidifying our value at 10 billion, setting a floor in negotiations forever.
- AVZ’s new deal is getting the nod from Washington, with full backing from the DRC Prez. This isn’t just a mining story anymore – it’s a geopolitical chess piece, and Felix needs the Seppos on side.
- Critical minerals are hotter than ever. The US is scrambling for supply, and nothing coming out of Ukraine is going to fill the gap for years. Putin’s still cosplaying as a Bond villain, sending farm boys to die.
- Nigel’s playing it cool. He signed a non-binding agreement just to show who’s in the driver’s seat. KoBold might be first to the party, but the signal’s loud and clear to suitors; it’s time to put up or miss out.
- Media sentiment is now in our favour. Even the US media has woken up to the fact we hold rights to one of the most strategic patches of dirt on the planet.
- Most juniors would’ve folded by now. Nigel and the board? Still here, still swinging, and closer than ever to the win. From what I have been told from others who have spoken with Nigel since we went into suspension, his determination is not to be doubted.
- Don’t forget the tin
"...has been bidding..."
Could just be a turn of phrase.
Could be there's other interests.
Interesting
Remark
Top 20
Wow, an incitefully intelligent post on HC, quick call David Attenborough & tell him there is another endangered species!
Tin alone NPV 2.000.000.000 $$$$ and Tin prices most probably raising strongly in the next years
$15USD
Cheers for that mate. Very good read and quite encouraging they hopeful to have the basic peace accord finalized in coming weeks. It is sobering though given the sheer scale and complexity of making this whole thing work
Kudos to Massad Boulos and team for bringing this all together so quickly. The overall process will take years but i think these first steps even if a little messy and far from perfect are a huge step in the right direction for the future of the DRC.
Frank
Top 20
Too many sooky cunts lately, let's bring back the good vibes.
So many good things to be excited about:
- We haven’t been in such a good situation since the Ministerial Decree (lol) in 2022.
- FUD shills and salty side-liners are out in the largest force we’ve seen in years – always a bullish signal. They squeal the loudest in the lead-up to good news.
- KoBold is so far ahead in their mind that they’re planning taco Tuesdays in the Manono canteen – Bezos and Gates aren’t here to fuck spiders.
- Rio, the Saudis, and every other major player is sniffing around – if you're not seeing the value, the big end of town clearly is.
- AVZ spanked Cominière in arbitration and is owed over €39 million. If this goes all the way to court, it’s an open-and-shut case in our favour, solidifying our value at 10 billion, setting a floor in negotiations forever.
- AVZ’s new deal is getting the nod from Washington, with full backing from the DRC Prez. This isn’t just a mining story anymore – it’s a geopolitical chess piece, and Felix needs the Seppos on side.
- Critical minerals are hotter than ever. The US is scrambling for supply, and nothing coming out of Ukraine is going to fill the gap for years. Putin’s still cosplaying as a Bond villain, sending farm boys to die.
- Nigel’s playing it cool. He signed a non-binding agreement just to show who’s in the driver’s seat. KoBold might be first to the party, but the signal’s loud and clear to suitors; it’s time to put up or miss out.
- Media sentiment is now in our favour. Even the US media has woken up to the fact we hold rights to one of the most strategic patches of dirt on the planet.
- Most juniors would’ve folded by now. Nigel and the board? Still here, still swinging, and closer than ever to the win. From what I have been told from others who have spoken with Nigel since we went into suspension, his determination is not to be doubted.
- Don’t forget the tin
- Don’t forget the tin
Forgive me Pope Leo XIV for i have sinned ( Again ) I went to the Crapper ( Again ) I know - I know
Practical Ways to Kill Sin Every Day
1. Pray for the Holy Spirit’s conviction and help.
2. Practice regular confession.
3. Remove the temptation.
And if your hand causes you to sin, cut it off.It is better for you to enter life crippled than with two hands to go to hell, to the unquenchable fire. (Mark 9:43)
The Tin Man, the forgotten element.
Yes, it is easy to forget about tin, when our lithium package is so exceptional.
But tin is in high demand, as many mines are closed, and new minable deposits hard to find.
In fact, China has nearly depleted their tin reserves, and mined out their deposits.
Currently, they are a net importer.
When global business picks up again, tin will be in short supply with prices rising.
Tin is the icing on the cake for our deposit, making it even more profitable as a very profitable by product..
We may have forgotten about tin, but I doubt Kobold, Saudi Arabia or the US or China have.
Neither has Rio,
But, most importantly, neither has Nigel.
AVZ is NOT only about lithium.
gruntov
NF has already updated shareholders, its non-binding (meaning they are not obligated to follow the outcome, if they deem it not in the interests of shareholders) and its a framework the pricing metrics of which we don't know.
You are right about DREAMS though, It's been hyped ever since the DRC - US minerals for security agenda surfaced.
Given Chinas dominance it was always going to take a massive geopolitical shift for AVZ to come unstuck, when lo and behold... a massive geopolitical shift.
Skar
KoBold Moves on DRC Manono Lithium
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