I hope this clown disappears in the middle of the night, taken by a native animal.As part of formal discussions with the Congolese authorities: KOBOLD METALS invited to consult without delay COMINIERE SA, the legitimate holder of the mining titles, and the Mining Cadastre
ByDieudonne BUANALI
June 2, 2025 #Mining_Cadastre, #Cominière_SA, #Félix_Tshisekedi, #Kobold_Metals,#DRC
The Government of the Democratic Republic of Congo (DRC) has been sufficiently informed, through the press and public communications published on social networks, on May 6, 2025, of the signing of a preliminary agreement between KoBold Metals Company and AVZ Minerals Ltd., aimed at acquiring the latter's commercial interests in the Manono lithium deposit development project. This recent development has obliged the Congolese authorities, through the Ministry of Mines, to recall the obligation to strictly comply with Congolese laws in this area, in particular the following legal and institutional provisions on the Competent Authority, the mandatory consent of the State, the role of Congolaise d'exploitation minière (COMINIERE SA), the right of pre-emption, respect for good governance and transparency, the role of the Mining Cadastre (CAMI) and compliance with DRC-USA bilateral commitments.
Competent authority
Pursuant to Article 8 of the Congolese Mining Code (Law No. 007/2002 as amended and supplemented by Law No. 18/001 of March 9, 2018), the Minister of Mines is the competent authority for the examination, granting, modification, renewal, transfer, or withdrawal of mining and quarry rights. From concordant sources and after cross-checking information, Geopolis Hebdo has learned that to date, the Ministry of Mines has not received any notification or solicitation from KoBold Metals or any other investor in connection with the aforementioned agreements.
Mandatory State Consent
Under Article 78 of the Mining Code, any change in the shareholding of a mining rights holder, particularly in the context of a joint venture involving the State, requires the prior consent of the competent authority. In this case, the Congolese State is a shareholder in the entities concerned, and its consent is essential.
Role of COMINIERE SA, legitimate interlocutor
COMINIÈRE SA, a majority-public company with the National Social Security Fund (CNSS) and the Ministry of Portfolio holding 90% and 10% respectively, is and remains the holder of the mining titles relating to the Manono lithium deposit located in the province of Tanganyika and its surrounding areas. According to the law, COMINIÈRE SA is the sole legitimate interlocutor for any approach concerning the exploitation of its mineral resources. Under the principle of permanent sovereignty over natural resources (UN General Assembly Resolution 1803), any private initiative that fails to consult COMINIÈRE SA and national institutions constitutes unacceptable interference in the sovereign affairs of the DRC.
Right of pre-emption
Under OHADA common law on commercial companies (Uniform Act relating to the law of commercial companies and economic interest groups), in particular Article 765, the partners of a company have a right of pre-emption in the event of a transfer of shares. "This right must be exercised before any external transfer, which was not respected in this case," according to a source close to the case.
Good governance and transparency
Regarding good governance and transparency, the Congolese Mining Code requires transparent and accountable procedures, in compliance with the law. The conclusion of a repurchase agreement with a company (Editor's note: AVZ Minerals) currently involved in arbitration proceedings against the DRC and COMINIERE SA constitutes a serious breach of the principle of contractual good faith, enshrined in Article 1134 of the Congolese Civil Code, applicable through OHADA law.
Role of the Mining Cadastre not to be ignored
The Mining Registry is the gateway, the obligatory passage for any company wishing to invest in the mining sector in the DRC. Interested parties must consult the CAMI, the technical body responsible for managing the mining sector, to verify the legal and administrative status of the titles they are seeking.
Respect for bilateral commitments between the DRC and the USA
The DRC Government, through the Ministry of Mines, must remind KoBold Metals that the DRC and the United States of America, bound by a long-standing economic partnership, are engaged in a strategic dialogue aimed at strengthening this economic partnership around equitable cooperation that respects the institutions and laws of each country. Any American company operating in the DRC is required to observe the principles that guide the DRC-United States of America economic partnership, namely respect for the sovereignty of each party, transparency, and good governance.
Indeed, the partnership between the Democratic Republic of Congo (DRC) and the United States began in 1960, after the DRC gained independence from Belgium. The United States established diplomatic relations with the DRC at that time. Over the years, this partnership has grown through various agreements and initiatives, including development assistance, trade, investment, and the fight against polio: 1) Trade and Investment Agreements:
The United States and the DRC signed a bilateral investment treaty in 1984, which entered into force in 1989. The DRC is also part of the Common Market for Eastern and Southern Africa (COMESA), with which the United States has signed a framework agreement on trade and investment; 2) Development Assistance: The United States provides assistance to the DRC in various areas, including the fight against polio and the promotion of responsible and sustainable mining practices; 3) Privileged Partnership: In 2019, the United States and the DRC launched the "Privileged Partnership for Peace and Prosperity" aimed at strengthening democratic institutions, improving respect for human rights, and promoting peace in eastern DRC; 4) Mineral Partnerships: The United States is in discussions with the DRC to establish partnerships on rare minerals, including cobalt and lithium, in exchange for security assistance.
In view of the above, KoBold Metals is invited by the competent Congolese authorities to: 1) Suspend all steps, carried out outside the legal framework, relating to the purchase of AVZ's interests; 2) Initiate formal discussions with the competent Congolese authorities, and finally; 3) Consult without delay COMINIÈRE, the legitimate holder of the mining titles, as well as the Mining Cadastre (CAMI).
With this injunction, which serves as a reminder, the DRC Government reaffirms that it remains open to any foreign investment that complies with the legislation, in particular the Congolese Mining Code and the rules of international and community law (OHADA) applicable in the DRC. Any company wishing to participate in the development of the mining sector in the DRC is welcome, as long as it respects national institutions and advances the interests of the Congolese people.
In its response to the letter, KoBold Metals, which is eyeing AVZ Minerals' commercial interests in the Manono lithium deposit, has fully committed, since May 12, to respecting the laws, regulations and economic sovereignty of the DRC over its soil and subsoil, including the rights to be acquired in the near future.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Sorry guys but you mob of f...kn blood suckers about to be extinguishedAs part of formal discussions with the Congolese authorities: KOBOLD METALS invited to consult without delay COMINIERE SA, the legitimate holder of the mining titles, and the Mining Cadastre
ByDieudonne BUANALI
June 2, 2025 #Mining_Cadastre, #Cominière_SA, #Félix_Tshisekedi, #Kobold_Metals,#DRC
The Government of the Democratic Republic of Congo (DRC) has been sufficiently informed, through the press and public communications published on social networks, on May 6, 2025, of the signing of a preliminary agreement between KoBold Metals Company and AVZ Minerals Ltd., aimed at acquiring the latter's commercial interests in the Manono lithium deposit development project. This recent development has obliged the Congolese authorities, through the Ministry of Mines, to recall the obligation to strictly comply with Congolese laws in this area, in particular the following legal and institutional provisions on the Competent Authority, the mandatory consent of the State, the role of Congolaise d'exploitation minière (COMINIERE SA), the right of pre-emption, respect for good governance and transparency, the role of the Mining Cadastre (CAMI) and compliance with DRC-USA bilateral commitments.
Competent authority
Pursuant to Article 8 of the Congolese Mining Code (Law No. 007/2002 as amended and supplemented by Law No. 18/001 of March 9, 2018), the Minister of Mines is the competent authority for the examination, granting, modification, renewal, transfer, or withdrawal of mining and quarry rights. From concordant sources and after cross-checking information, Geopolis Hebdo has learned that to date, the Ministry of Mines has not received any notification or solicitation from KoBold Metals or any other investor in connection with the aforementioned agreements.
Mandatory State Consent
Under Article 78 of the Mining Code, any change in the shareholding of a mining rights holder, particularly in the context of a joint venture involving the State, requires the prior consent of the competent authority. In this case, the Congolese State is a shareholder in the entities concerned, and its consent is essential.
Role of COMINIERE SA, legitimate interlocutor
COMINIÈRE SA, a majority-public company with the National Social Security Fund (CNSS) and the Ministry of Portfolio holding 90% and 10% respectively, is and remains the holder of the mining titles relating to the Manono lithium deposit located in the province of Tanganyika and its surrounding areas. According to the law, COMINIÈRE SA is the sole legitimate interlocutor for any approach concerning the exploitation of its mineral resources. Under the principle of permanent sovereignty over natural resources (UN General Assembly Resolution 1803), any private initiative that fails to consult COMINIÈRE SA and national institutions constitutes unacceptable interference in the sovereign affairs of the DRC.
Right of pre-emption
Under OHADA common law on commercial companies (Uniform Act relating to the law of commercial companies and economic interest groups), in particular Article 765, the partners of a company have a right of pre-emption in the event of a transfer of shares. "This right must be exercised before any external transfer, which was not respected in this case," according to a source close to the case.
Good governance and transparency
Regarding good governance and transparency, the Congolese Mining Code requires transparent and accountable procedures, in compliance with the law. The conclusion of a repurchase agreement with a company (Editor's note: AVZ Minerals) currently involved in arbitration proceedings against the DRC and COMINIERE SA constitutes a serious breach of the principle of contractual good faith, enshrined in Article 1134 of the Congolese Civil Code, applicable through OHADA law.
Role of the Mining Cadastre not to be ignored
The Mining Registry is the gateway, the obligatory passage for any company wishing to invest in the mining sector in the DRC. Interested parties must consult the CAMI, the technical body responsible for managing the mining sector, to verify the legal and administrative status of the titles they are seeking.
Respect for bilateral commitments between the DRC and the USA
The DRC Government, through the Ministry of Mines, must remind KoBold Metals that the DRC and the United States of America, bound by a long-standing economic partnership, are engaged in a strategic dialogue aimed at strengthening this economic partnership around equitable cooperation that respects the institutions and laws of each country. Any American company operating in the DRC is required to observe the principles that guide the DRC-United States of America economic partnership, namely respect for the sovereignty of each party, transparency, and good governance.
Indeed, the partnership between the Democratic Republic of Congo (DRC) and the United States began in 1960, after the DRC gained independence from Belgium. The United States established diplomatic relations with the DRC at that time. Over the years, this partnership has grown through various agreements and initiatives, including development assistance, trade, investment, and the fight against polio: 1) Trade and Investment Agreements:
The United States and the DRC signed a bilateral investment treaty in 1984, which entered into force in 1989. The DRC is also part of the Common Market for Eastern and Southern Africa (COMESA), with which the United States has signed a framework agreement on trade and investment; 2) Development Assistance: The United States provides assistance to the DRC in various areas, including the fight against polio and the promotion of responsible and sustainable mining practices; 3) Privileged Partnership: In 2019, the United States and the DRC launched the "Privileged Partnership for Peace and Prosperity" aimed at strengthening democratic institutions, improving respect for human rights, and promoting peace in eastern DRC; 4) Mineral Partnerships: The United States is in discussions with the DRC to establish partnerships on rare minerals, including cobalt and lithium, in exchange for security assistance.
In view of the above, KoBold Metals is invited by the competent Congolese authorities to: 1) Suspend all steps, carried out outside the legal framework, relating to the purchase of AVZ's interests; 2) Initiate formal discussions with the competent Congolese authorities, and finally; 3) Consult without delay COMINIÈRE, the legitimate holder of the mining titles, as well as the Mining Cadastre (CAMI).
With this injunction, which serves as a reminder, the DRC Government reaffirms that it remains open to any foreign investment that complies with the legislation, in particular the Congolese Mining Code and the rules of international and community law (OHADA) applicable in the DRC. Any company wishing to participate in the development of the mining sector in the DRC is welcome, as long as it respects national institutions and advances the interests of the Congolese people.
In its response to the letter, KoBold Metals, which is eyeing AVZ Minerals' commercial interests in the Manono lithium deposit, has fully committed, since May 12, to respecting the laws, regulations and economic sovereignty of the DRC over its soil and subsoil, including the rights to be acquired in the near future.
Mouthpiecenomnom
Regular
The level of desperation is confirmation to me.As part of formal discussions with the Congolese authorities: KOBOLD METALS invited to consult without delay COMINIERE SA, the legitimate holder of the mining titles, and the Mining Cadastre
ByDieudonne BUANALI
June 2, 2025 #Mining_Cadastre, #Cominière_SA, #Félix_Tshisekedi, #Kobold_Metals,#DRC
The Government of the Democratic Republic of Congo (DRC) has been sufficiently informed, through the press and public communications published on social networks, on May 6, 2025, of the signing of a preliminary agreement between KoBold Metals Company and AVZ Minerals Ltd., aimed at acquiring the latter's commercial interests in the Manono lithium deposit development project. This recent development has obliged the Congolese authorities, through the Ministry of Mines, to recall the obligation to strictly comply with Congolese laws in this area, in particular the following legal and institutional provisions on the Competent Authority, the mandatory consent of the State, the role of Congolaise d'exploitation minière (COMINIERE SA), the right of pre-emption, respect for good governance and transparency, the role of the Mining Cadastre (CAMI) and compliance with DRC-USA bilateral commitments.
Competent authority
Pursuant to Article 8 of the Congolese Mining Code (Law No. 007/2002 as amended and supplemented by Law No. 18/001 of March 9, 2018), the Minister of Mines is the competent authority for the examination, granting, modification, renewal, transfer, or withdrawal of mining and quarry rights. From concordant sources and after cross-checking information, Geopolis Hebdo has learned that to date, the Ministry of Mines has not received any notification or solicitation from KoBold Metals or any other investor in connection with the aforementioned agreements.
Mandatory State Consent
Under Article 78 of the Mining Code, any change in the shareholding of a mining rights holder, particularly in the context of a joint venture involving the State, requires the prior consent of the competent authority. In this case, the Congolese State is a shareholder in the entities concerned, and its consent is essential.
Role of COMINIERE SA, legitimate interlocutor
COMINIÈRE SA, a majority-public company with the National Social Security Fund (CNSS) and the Ministry of Portfolio holding 90% and 10% respectively, is and remains the holder of the mining titles relating to the Manono lithium deposit located in the province of Tanganyika and its surrounding areas. According to the law, COMINIÈRE SA is the sole legitimate interlocutor for any approach concerning the exploitation of its mineral resources. Under the principle of permanent sovereignty over natural resources (UN General Assembly Resolution 1803), any private initiative that fails to consult COMINIÈRE SA and national institutions constitutes unacceptable interference in the sovereign affairs of the DRC.
Right of pre-emption
Under OHADA common law on commercial companies (Uniform Act relating to the law of commercial companies and economic interest groups), in particular Article 765, the partners of a company have a right of pre-emption in the event of a transfer of shares. "This right must be exercised before any external transfer, which was not respected in this case," according to a source close to the case.
Good governance and transparency
Regarding good governance and transparency, the Congolese Mining Code requires transparent and accountable procedures, in compliance with the law. The conclusion of a repurchase agreement with a company (Editor's note: AVZ Minerals) currently involved in arbitration proceedings against the DRC and COMINIERE SA constitutes a serious breach of the principle of contractual good faith, enshrined in Article 1134 of the Congolese Civil Code, applicable through OHADA law.
Role of the Mining Cadastre not to be ignored
The Mining Registry is the gateway, the obligatory passage for any company wishing to invest in the mining sector in the DRC. Interested parties must consult the CAMI, the technical body responsible for managing the mining sector, to verify the legal and administrative status of the titles they are seeking.
Respect for bilateral commitments between the DRC and the USA
The DRC Government, through the Ministry of Mines, must remind KoBold Metals that the DRC and the United States of America, bound by a long-standing economic partnership, are engaged in a strategic dialogue aimed at strengthening this economic partnership around equitable cooperation that respects the institutions and laws of each country. Any American company operating in the DRC is required to observe the principles that guide the DRC-United States of America economic partnership, namely respect for the sovereignty of each party, transparency, and good governance.
Indeed, the partnership between the Democratic Republic of Congo (DRC) and the United States began in 1960, after the DRC gained independence from Belgium. The United States established diplomatic relations with the DRC at that time. Over the years, this partnership has grown through various agreements and initiatives, including development assistance, trade, investment, and the fight against polio: 1) Trade and Investment Agreements:
The United States and the DRC signed a bilateral investment treaty in 1984, which entered into force in 1989. The DRC is also part of the Common Market for Eastern and Southern Africa (COMESA), with which the United States has signed a framework agreement on trade and investment; 2) Development Assistance: The United States provides assistance to the DRC in various areas, including the fight against polio and the promotion of responsible and sustainable mining practices; 3) Privileged Partnership: In 2019, the United States and the DRC launched the "Privileged Partnership for Peace and Prosperity" aimed at strengthening democratic institutions, improving respect for human rights, and promoting peace in eastern DRC; 4) Mineral Partnerships: The United States is in discussions with the DRC to establish partnerships on rare minerals, including cobalt and lithium, in exchange for security assistance.
In view of the above, KoBold Metals is invited by the competent Congolese authorities to: 1) Suspend all steps, carried out outside the legal framework, relating to the purchase of AVZ's interests; 2) Initiate formal discussions with the competent Congolese authorities, and finally; 3) Consult without delay COMINIÈRE, the legitimate holder of the mining titles, as well as the Mining Cadastre (CAMI).
With this injunction, which serves as a reminder, the DRC Government reaffirms that it remains open to any foreign investment that complies with the legislation, in particular the Congolese Mining Code and the rules of international and community law (OHADA) applicable in the DRC. Any company wishing to participate in the development of the mining sector in the DRC is welcome, as long as it respects national institutions and advances the interests of the Congolese people.
In its response to the letter, KoBold Metals, which is eyeing AVZ Minerals' commercial interests in the Manono lithium deposit, has fully committed, since May 12, to respecting the laws, regulations and economic sovereignty of the DRC over its soil and subsoil, including the rights to be acquired in the near future.
Deal is near finished.
Dutchaussie86
Member
Lol a paid article by a desperate man in the DRC. The irony and legal jargon is strong with this one trying to give the veneer of it having voracity. The give away is in the title "Kobold invited to consult without delay COMINIERE SA" if there was any actual requirement, it should read "Kolbold directed to consult without delay" haha.
KentCStrait
Regular
The only acceptable outcome here is either:
• A full cash buyout,
or
• A clean share swap into an ASX- or NYSE-listed entity, where those shares can be freely and immediately traded.
There must be a clear exit. We’ve had our capital locked up for years. No speculative royalties, unlisted scrip, or long-tail structures that keep us tied to the DRC or kick the can down the road.
Anything less than a real exit isn’t a solution — it’s just another cage.
Sounds like she’s a done deal if this is anything to go by
As part of formal discussions with the Congolese authorities: KOBOLD METALS invited to consult without delay COMINIERE SA, the legitimate holder of the mining titles, and the Mining Cadastre
ByDieudonne BUANALI
June 2, 2025 #Mining_Cadastre, #Cominière_SA, #Félix_Tshisekedi, #Kobold_Metals,#DRC
The Government of the Democratic Republic of Congo (DRC) has been sufficiently informed, through the press and public communications published on social networks, on May 6, 2025, of the signing of a preliminary agreement between KoBold Metals Company and AVZ Minerals Ltd., aimed at acquiring the latter's commercial interests in the Manono lithium deposit development project. This recent development has obliged the Congolese authorities, through the Ministry of Mines, to recall the obligation to strictly comply with Congolese laws in this area, in particular the following legal and institutional provisions on the Competent Authority, the mandatory consent of the State, the role of Congolaise d'exploitation minière (COMINIERE SA), the right of pre-emption, respect for good governance and transparency, the role of the Mining Cadastre (CAMI) and compliance with DRC-USA bilateral commitments.
Competent authority
Pursuant to Article 8 of the Congolese Mining Code (Law No. 007/2002 as amended and supplemented by Law No. 18/001 of March 9, 2018), the Minister of Mines is the competent authority for the examination, granting, modification, renewal, transfer, or withdrawal of mining and quarry rights. From concordant sources and after cross-checking information, Geopolis Hebdo has learned that to date, the Ministry of Mines has not received any notification or solicitation from KoBold Metals or any other investor in connection with the aforementioned agreements.
Mandatory State Consent
Under Article 78 of the Mining Code, any change in the shareholding of a mining rights holder, particularly in the context of a joint venture involving the State, requires the prior consent of the competent authority. In this case, the Congolese State is a shareholder in the entities concerned, and its consent is essential.
Role of COMINIERE SA, legitimate interlocutor
COMINIÈRE SA, a majority-public company with the National Social Security Fund (CNSS) and the Ministry of Portfolio holding 90% and 10% respectively, is and remains the holder of the mining titles relating to the Manono lithium deposit located in the province of Tanganyika and its surrounding areas. According to the law, COMINIÈRE SA is the sole legitimate interlocutor for any approach concerning the exploitation of its mineral resources. Under the principle of permanent sovereignty over natural resources (UN General Assembly Resolution 1803), any private initiative that fails to consult COMINIÈRE SA and national institutions constitutes unacceptable interference in the sovereign affairs of the DRC.
Right of pre-emption
Under OHADA common law on commercial companies (Uniform Act relating to the law of commercial companies and economic interest groups), in particular Article 765, the partners of a company have a right of pre-emption in the event of a transfer of shares. "This right must be exercised before any external transfer, which was not respected in this case," according to a source close to the case.
Good governance and transparency
Regarding good governance and transparency, the Congolese Mining Code requires transparent and accountable procedures, in compliance with the law. The conclusion of a repurchase agreement with a company (Editor's note: AVZ Minerals) currently involved in arbitration proceedings against the DRC and COMINIERE SA constitutes a serious breach of the principle of contractual good faith, enshrined in Article 1134 of the Congolese Civil Code, applicable through OHADA law.
Role of the Mining Cadastre not to be ignored
The Mining Registry is the gateway, the obligatory passage for any company wishing to invest in the mining sector in the DRC. Interested parties must consult the CAMI, the technical body responsible for managing the mining sector, to verify the legal and administrative status of the titles they are seeking.
Respect for bilateral commitments between the DRC and the USA
The DRC Government, through the Ministry of Mines, must remind KoBold Metals that the DRC and the United States of America, bound by a long-standing economic partnership, are engaged in a strategic dialogue aimed at strengthening this economic partnership around equitable cooperation that respects the institutions and laws of each country. Any American company operating in the DRC is required to observe the principles that guide the DRC-United States of America economic partnership, namely respect for the sovereignty of each party, transparency, and good governance.
Indeed, the partnership between the Democratic Republic of Congo (DRC) and the United States began in 1960, after the DRC gained independence from Belgium. The United States established diplomatic relations with the DRC at that time. Over the years, this partnership has grown through various agreements and initiatives, including development assistance, trade, investment, and the fight against polio: 1) Trade and Investment Agreements:
The United States and the DRC signed a bilateral investment treaty in 1984, which entered into force in 1989. The DRC is also part of the Common Market for Eastern and Southern Africa (COMESA), with which the United States has signed a framework agreement on trade and investment; 2) Development Assistance: The United States provides assistance to the DRC in various areas, including the fight against polio and the promotion of responsible and sustainable mining practices; 3) Privileged Partnership: In 2019, the United States and the DRC launched the "Privileged Partnership for Peace and Prosperity" aimed at strengthening democratic institutions, improving respect for human rights, and promoting peace in eastern DRC; 4) Mineral Partnerships: The United States is in discussions with the DRC to establish partnerships on rare minerals, including cobalt and lithium, in exchange for security assistance.
In view of the above, KoBold Metals is invited by the competent Congolese authorities to: 1) Suspend all steps, carried out outside the legal framework, relating to the purchase of AVZ's interests; 2) Initiate formal discussions with the competent Congolese authorities, and finally; 3) Consult without delay COMINIÈRE, the legitimate holder of the mining titles, as well as the Mining Cadastre (CAMI).
With this injunction, which serves as a reminder, the DRC Government reaffirms that it remains open to any foreign investment that complies with the legislation, in particular the Congolese Mining Code and the rules of international and community law (OHADA) applicable in the DRC. Any company wishing to participate in the development of the mining sector in the DRC is welcome, as long as it respects national institutions and advances the interests of the Congolese people.
In its response to the letter, KoBold Metals, which is eyeing AVZ Minerals' commercial interests in the Manono lithium deposit, has fully committed, since May 12, to respecting the laws, regulations and economic sovereignty of the DRC over its soil and subsoil, including the rights to be acquired in the near future.
Hodlandwin69
Regular
speak for yourself. I dont mind a pay out + speculative royalty, especially if it offers a much larger return when discounted for time.
That post was a month ago, and based on what was known then. At that time RIO was clearly in the picture, the commencement of ICSID arbitration was eagerly awaited, and we were hoping also that the Saudis may possibly lob a bid.
We have moved on since then, and AVZ's options have also changed from a month ago.
Last edited:
Lucas Don Velor
Regular
Bill Gates: Microsoft founder to give most of $200bn fortune to Africa - BBC News
The Microsoft founder urges young innovators to use Artificial Intelligence to improve health services.
www.bbc.com
Xerof
Is There Anybody Out There 1979
ease up buddy
I meant US interests other than Kobold, but looking unlikely right now IMO
I rate AVZ/CATH as a faint possibility now. I think we can read the room on DRC stance on AVZ involvement
And besides Wombat says its a done deal with Kobold anyway.........
Time for Felix to shut down Cominiere they are an embarrassment and a thorn to critical minerals for security.
www.mining-technology.com
Also on their website
http://cominiere.cd/
Under partnership PR 13359 Dathcom still are the holders.?
Last ditch attempt by Cominiere ?
AVZ Minerals wins legal battle over Congo lithium mine dispute
AVZ Minerals reported the ICC tribunal issued a partial award ordering Cominière to pay $42.4m for failing to comply with emergency orders.
http://cominiere.cd/
Under partnership PR 13359 Dathcom still are the holders.?
Last ditch attempt by Cominiere ?
Time for Felix to shut down Cominiere they are an embarrassment and a thorn to critical minerals for security.
Also on their websiteAVZ Minerals wins legal battle over Congo lithium mine dispute
AVZ Minerals reported the ICC tribunal issued a partial award ordering Cominière to pay $42.4m for failing to comply with emergency orders.
http://cominiere.cd/
Under partnership PR 13359 Dathcom still are the holders.?
Last ditch attempt by Cominiere ?
LEGAL STATUS
Congolese Mining Company, abbreviated COMINIERE, is a limited company under OHADA business law. It is a young company created on April 12, 2010, following a decision by the General Meeting of Shareholders, namely the Ministry of Finance and the National Social Security Institute.
SHAREHOLDERS
The share capital of COMINIERE SA is 90% owned by the Congolese state through the Ministry of Finance and 10% by the National Social Security Institute.
Time for the Ministry of Finance to inform Cominiere about minerals for security and who controls decisions.
“As others have posted Manono is a project that has a 50+yr LOM , money making machine, the ultimate lithium package that cannot be matched for sheer grade & scale, lithium spot is shit, but it wont remain like that for too much longer, therefore a tight arse offer wont cut it no matter what”
Spot on @BEISHA, Kobold Metals’ Josh Goldman sees the long term value in large projects like ours, in 2024 he said:
“We care enormously what the price of these commodities is in 2035 and we don't care what it is in 2024," Goldman stated, stating that the company has enough capital to focus on the long-term investment. He believed that lack of capital is not an issue but rather a lack of availability of high-quality projects”
AVZ’s Manono project is a high quality project with studies completed - we want a fair price!
KoBold Metals Announces Historic Copper Discovery In Zambia - Ivanhoe Mines (OTC:IVPAF), BHP Group (NYSE:BHP)
KoBold Metals discovers huge copper deposit in Zambia, backed by billionaires like Bill Gates and Jeff Bezos, aiming for first production in 2030s.www.benzinga.com
doesnt that just make you want to.....As part of formal discussions with the Congolese authorities: KOBOLD METALS invited to consult without delay COMINIERE SA, the legitimate holder of the mining titles, and the Mining Cadastre
ByDieudonne BUANALI
June 2, 2025 #Mining_Cadastre, #Cominière_SA, #Félix_Tshisekedi, #Kobold_Metals,#DRC
The Government of the Democratic Republic of Congo (DRC) has been sufficiently informed, through the press and public communications published on social networks, on May 6, 2025, of the signing of a preliminary agreement between KoBold Metals Company and AVZ Minerals Ltd., aimed at acquiring the latter's commercial interests in the Manono lithium deposit development project. This recent development has obliged the Congolese authorities, through the Ministry of Mines, to recall the obligation to strictly comply with Congolese laws in this area, in particular the following legal and institutional provisions on the Competent Authority, the mandatory consent of the State, the role of Congolaise d'exploitation minière (COMINIERE SA), the right of pre-emption, respect for good governance and transparency, the role of the Mining Cadastre (CAMI) and compliance with DRC-USA bilateral commitments.
Competent authority
Pursuant to Article 8 of the Congolese Mining Code (Law No. 007/2002 as amended and supplemented by Law No. 18/001 of March 9, 2018), the Minister of Mines is the competent authority for the examination, granting, modification, renewal, transfer, or withdrawal of mining and quarry rights. From concordant sources and after cross-checking information, Geopolis Hebdo has learned that to date, the Ministry of Mines has not received any notification or solicitation from KoBold Metals or any other investor in connection with the aforementioned agreements.
Mandatory State Consent
Under Article 78 of the Mining Code, any change in the shareholding of a mining rights holder, particularly in the context of a joint venture involving the State, requires the prior consent of the competent authority. In this case, the Congolese State is a shareholder in the entities concerned, and its consent is essential.
Role of COMINIERE SA, legitimate interlocutor
COMINIÈRE SA, a majority-public company with the National Social Security Fund (CNSS) and the Ministry of Portfolio holding 90% and 10% respectively, is and remains the holder of the mining titles relating to the Manono lithium deposit located in the province of Tanganyika and its surrounding areas. According to the law, COMINIÈRE SA is the sole legitimate interlocutor for any approach concerning the exploitation of its mineral resources. Under the principle of permanent sovereignty over natural resources (UN General Assembly Resolution 1803), any private initiative that fails to consult COMINIÈRE SA and national institutions constitutes unacceptable interference in the sovereign affairs of the DRC.
Right of pre-emption
Under OHADA common law on commercial companies (Uniform Act relating to the law of commercial companies and economic interest groups), in particular Article 765, the partners of a company have a right of pre-emption in the event of a transfer of shares. "This right must be exercised before any external transfer, which was not respected in this case," according to a source close to the case.
Good governance and transparency
Regarding good governance and transparency, the Congolese Mining Code requires transparent and accountable procedures, in compliance with the law. The conclusion of a repurchase agreement with a company (Editor's note: AVZ Minerals) currently involved in arbitration proceedings against the DRC and COMINIERE SA constitutes a serious breach of the principle of contractual good faith, enshrined in Article 1134 of the Congolese Civil Code, applicable through OHADA law.
Role of the Mining Cadastre not to be ignored
The Mining Registry is the gateway, the obligatory passage for any company wishing to invest in the mining sector in the DRC. Interested parties must consult the CAMI, the technical body responsible for managing the mining sector, to verify the legal and administrative status of the titles they are seeking.
Respect for bilateral commitments between the DRC and the USA
The DRC Government, through the Ministry of Mines, must remind KoBold Metals that the DRC and the United States of America, bound by a long-standing economic partnership, are engaged in a strategic dialogue aimed at strengthening this economic partnership around equitable cooperation that respects the institutions and laws of each country. Any American company operating in the DRC is required to observe the principles that guide the DRC-United States of America economic partnership, namely respect for the sovereignty of each party, transparency, and good governance.
Indeed, the partnership between the Democratic Republic of Congo (DRC) and the United States began in 1960, after the DRC gained independence from Belgium. The United States established diplomatic relations with the DRC at that time. Over the years, this partnership has grown through various agreements and initiatives, including development assistance, trade, investment, and the fight against polio: 1) Trade and Investment Agreements:
The United States and the DRC signed a bilateral investment treaty in 1984, which entered into force in 1989. The DRC is also part of the Common Market for Eastern and Southern Africa (COMESA), with which the United States has signed a framework agreement on trade and investment; 2) Development Assistance: The United States provides assistance to the DRC in various areas, including the fight against polio and the promotion of responsible and sustainable mining practices; 3) Privileged Partnership: In 2019, the United States and the DRC launched the "Privileged Partnership for Peace and Prosperity" aimed at strengthening democratic institutions, improving respect for human rights, and promoting peace in eastern DRC; 4) Mineral Partnerships: The United States is in discussions with the DRC to establish partnerships on rare minerals, including cobalt and lithium, in exchange for security assistance.
In view of the above, KoBold Metals is invited by the competent Congolese authorities to: 1) Suspend all steps, carried out outside the legal framework, relating to the purchase of AVZ's interests; 2) Initiate formal discussions with the competent Congolese authorities, and finally; 3) Consult without delay COMINIÈRE, the legitimate holder of the mining titles, as well as the Mining Cadastre (CAMI).
With this injunction, which serves as a reminder, the DRC Government reaffirms that it remains open to any foreign investment that complies with the legislation, in particular the Congolese Mining Code and the rules of international and community law (OHADA) applicable in the DRC. Any company wishing to participate in the development of the mining sector in the DRC is welcome, as long as it respects national institutions and advances the interests of the Congolese people.
In its response to the letter, KoBold Metals, which is eyeing AVZ Minerals' commercial interests in the Manono lithium deposit, has fully committed, since May 12, to respecting the laws, regulations and economic sovereignty of the DRC over its soil and subsoil, including the rights to be acquired in the near future.
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The DRC doesn't have any competent authorities.
Been thinking about the CATH partnership and AVZ coming out statement that they will also deal with them. etc. I wonder what we could possible need to talk about? I think it's more nuanced than just a "hey AVZ don't have the ML therefore CATH equity deal is off the table". I think there could be more to it all than that and there might be some non public info we are not privyy to.
It got me thinking, if that is the case that there is something a bit more formal in terms of equity/partnership than what meets the eye? If so, then what incentive is there for CATH to accept a lowball TO offer from Kobold? Let's say AVZ can leveredge the proposed equity deal in some way, provide CATH a stake (or maybe it's already agreed in principle?), and then to ensure both fair value would be for both AVZ and CATH? CATH has the China backing and their fair value won't be as easily pushed around than what ours is?
Does that all make sense? Or am I just overspeculation on something that's just a straight fwd Kobold buys out AVZ alone?
It got me thinking, if that is the case that there is something a bit more formal in terms of equity/partnership than what meets the eye? If so, then what incentive is there for CATH to accept a lowball TO offer from Kobold? Let's say AVZ can leveredge the proposed equity deal in some way, provide CATH a stake (or maybe it's already agreed in principle?), and then to ensure both fair value would be for both AVZ and CATH? CATH has the China backing and their fair value won't be as easily pushed around than what ours is?
Does that all make sense? Or am I just overspeculation on something that's just a straight fwd Kobold buys out AVZ alone?
After the AGM when CATH sided with the MMGA usurpers I have no sympathy for them. And their last minute funding lifeline was nothing more than grubby opportunism after having waited and waited for AVZ to bleed out.
The Chinese conspired against us so I would be very disappointed if Nigel sought to provide them some sort of consolation prize at RD.
Would also be pissed if there was an undisclosed binding obligation to CATH, aside from our conditional agreement last Jan.
They played handball and so should we. We're in the business of money, not love. And so is CATH.
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