Jacob Kiraz
Regular
Not the moment it isnt, how many years where we could do stuff woth our money
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Jacob Kiraz
Regular
Lets see
Skar
Regular
Its hilarious and heartbreaking to see, another lithium company I invest in released news about 1-2%, 30m intercepts, 200m below surface. Compared to Roche Dure getting 200-300m at surface intercepts back in the day. Looking at the asset alone, its easy how I convinced myself to overlook the sovereign risk, if only CATH could have solved that for us.
Fingers crossed the US can solve that going forward and will pay fair value in the interim.
Fingers crossed the US can solve that going forward and will pay fair value in the interim.
Thanks for sharing.
The message is pretty clear. No investment until there's peace.
For there to be peace, progress needs to be made with M23 and FLDR, which is currently a struggle. The multi country supply chain investment is an attempt to incentivise the leaders who can (hopefully) navigate progress within each of their respective countries.
US seems serious about holding parties accountable for their signing of the peace agreement.
US financing mechanisms ready to provide financing.
It's very hard to tell whether we're 3 months from progress or 12 months. There seems to be significant time pressures that would suggest this gets done sooner rather than later. Such as ICSID, urgency of needing to start development, threat of China swooping on the project. On the other hand you could easily see this dragging out for a long time, such as no risk appetite for investment due to instability.
Mr Inappropriate
Regular
Bastard
Noting that Zijin != CATH:
China doesn't need to swoop in to try and claim this. They got in early, supported AVZ and as a result they have a share of the project and first dibs in the output.
CATH have mapped out a very positive path for AVZ. If USA wants to supplant them, they have to pay for the privilege.
Dave Evans
Regular
AVZ Minerals remaining respectful and open to constructive dialogue. AVZ shareholder’s not bound by being respectful can post our own opinions on the corruption.
Fuck the DRC, they’ve taunted us for years, here’s the recording Zijin released of Kibeya taking their money and the IGF Report proving the corruption
x.com
x.com
Rechnerhand
Regular
If I was in the middle of a messy legal battle where online comments could further complicate things and cost me many millions of dollars while simultaneously having to be very concious of every dollar I spend, I don't think I'd respond to stupid questions either.
I'm not surprised Cominiere responded first. They've proven very stupid mouthing off in the past and racked up a lot of penalties now owed to us for doing so.
Poor Celestin, with such big lips he just can't help flapping them in the wind. I wonder how many millions in penalties this latest brain fart has added to our ever growing tally?
Dave Evans
Regular
Thanks for posting that @hedrox and @Rechnerhand, here’s Kibeya’s reply to the Business And Human Rights Centre regarding the Nine Warning Signs in the Emerging Lithium Sector in the DRC (Translated to English)
Response from Cominière to Resource Matters and the Business and Human Rights Centre (BHRC), sent by email on December 17, 2025I acknowledge receipt, via the official COMINIERE email address, of the document entitled: MANONO: NINE WARNING SIGNS IN THE EMERGING LITHIUM SECTOR IN THE DRC, which contains nine questions to which you would like answers from COMINIERE.
I am the Managing Director of COMINIERE SA, and therefore the authorized source to provide you with reliable information to counter any form of disinformatio campaign surrounding the Manono project.
Having been created in 2010 from the ashes of the former Zaire, without the financial resources to develop various mining projects, COMINIERE SA had to adopt a partnership policy in order to exploit its mineral assets.
Thus, on October 17, 2016, a Joint Venture agreement was concluded between COMINIERE SA and DATHOMIR RESOURCES Sarl with the objective of jointly developing mining projects on certain concessions, including PR 13359. In this joint venture, DATHOMIR holds 70% of the shares and COMINIERE 30%.
Consequently, and in accordance with the joint venture agreement, COMINIERE transferred PR 13359 to the joint venture DATHCOM MINING (Dathomir + Cominiere).
Subsequently, under the most opaque conditions possible, DATHOMIR sold 60% of its shares in the DATHCOM joint venture to an Australian junior mining company called AVZ. It is in this way, without any due diligence, that AVZ became the majority shareholder in the joint venture.
After this brief overview, I can answer your questions in turn:
1. The conflict between AVZ and COMINIERE is a joint venture dispute and not a dispute concerning the southern part of the Manono deposit. PR 13359, in its current configuration, is indeed a concession belonging to COMINIERE, which was returned after the termination of the joint venture agreement due to abuses by the majority shareholder, fraud, and a lack of transparency in the joint venture's management by AVZ. The return of this asset to COMINIERE was carried out pursuant to a judgment by the Kalemi High Court. AVZ has repeatedly attempted to have this judgment overturned without success.
2. There were no irregularities in the transfer of the State's shares in the joint venture after AVZ acquired a stake in the joint venture. All conditions were met, including the shareholders' right of first refusal. The documentation exists.
3. I do not know what this company is, as its ownership is not traceable. COMINIERE SA is operating with all its management bodies, and the General Assembly and Board of Directors meetings are held regularly. The signed contracts are published in the official gazette and transmitted to the CTCPM in accordance with the law.
4. COMINIERE SA, of which I am the CEO, does not, through its bylaws, allow any other company to be involved in the development of mining projects outside the legal framework.
5. COMINIERE SA is not the company that grants mining permits. This is the responsibility of the Mining Cadastre (CAMI).
6. COMINIERE SA is a commercial company under OHADA business law. To date, no contracts have been signed outside of this framework.
7. Joint venture contracts signed by COMINIERE are sent to the CTCPM (Commission for the Control of Mining Projects) in accordance with the law and are even published on the company's website.
8. There is no NGO to which COMINIERE has made any payments whatsoever.
9. The missing funds in the escrow account established by AVZ and managed by its lawyer, Christian Lukusa, constitute a corruption scandal on the part of AVZ. It was the statements of Attorney Christian Lukusa that exposed this vast corruption network established around the Manono Lithium project.
I remain available for any further clarification and assure you that everything I have just presented is supported by evidence.
Célestin KIBEYA KABEMBA, Managing Director - COMINIERE SA
Response from Cominière - Business and Human Rights Centre
Check out this page via the Business and Human Rights Centre
www.business-humanrights.org
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What a lying scumbag...
What a lying scumbag...Thanks for posting that @hedrox and @Rechnerhand, here’s Kibeya’s reply to the Business And Human Rights Centre regarding the Nine Warning Signs in the Emerging Lithium Sector in the DRC (Translated to English)
Response from Cominière to Resource Matters and the Business and Human Rights Centre (BHRC), sent by email on December 17, 2025
I acknowledge receipt, via the official COMINIERE email address, of the document entitled: MANONO: NINE WARNING SIGNS IN THE EMERGING LITHIUM SECTOR IN THE DRC, which contains nine questions to which you would like answers from COMINIERE.
I am the Managing Director of COMINIERE SA, and therefore the authorized source to provide you with reliable information to counter any form of disinformatio campaign surrounding the Manono project.
Having been created in 2010 from the ashes of the former Zaire, without the financial resources to develop various mining projects, COMINIERE SA had to adopt a partnership policy in order to exploit its mineral assets.
Thus, on October 17, 2016, a Joint Venture agreement was concluded between COMINIERE SA and DATHOMIR RESOURCES Sarl with the objective of jointly developing mining projects on certain concessions, including PR 13359.
In this joint venture, DATHOMIR holds 70% of the shares and COMINIERE 30%.
Consequently, and in accordance with the joint venture agreement, COMINIERE transferred PR 13359 to the joint venture DATHCOM MINING (Dathomir + Cominiere).
Subsequently, under the most opaque conditions possible, DATHOMIR sold 60% of its shares in the DATHCOM joint venture to an Australian junior mining company called AVZ. It is in this way, without any due diligence, that AVZ became the majority shareholder in the joint venture.
After this brief overview, I can answer your questions in turn:
1. The conflict between AVZ and COMINIERE is a joint venture dispute and not a dispute concerning the southern part of the Manono deposit. PR 13359, in its current configuration, is indeed a concession belonging to COMINIERE, which was returned after the termination of the joint venture agreement due to abuses by the majority shareholder, fraud, and a lack of transparency in the joint venture's management by AVZ. The return of this asset to COMINIERE was carried out pursuant to a judgment by the Kalemi High Court. AVZ has repeatedly attempted to have this judgment overturned without success.
2. There were no irregularities in the transfer of the State's shares in the joint venture after AVZ acquired a stake in the joint venture. All conditions were met, including the shareholders' right of first refusal. The documentation exists.
3. I do not know what this company is, as its ownership is not traceable. COMINIERE SA is operating with all its management bodies, and the General Assembly and Board of Directors meetings are held regularly. The signed contracts are published in the official gazette and transmitted to the CTCPM in accordance with the law.
4. COMINIERE SA, of which I am the CEO, does not, through its bylaws, allow any other company to be involved in the development of mining projects outside the legal framework.
5. COMINIERE SA is not the company that grants mining permits. This is the responsibility of the Mining Cadastre (CAMI).
6. COMINIERE SA is a commercial company under OHADA business law. To date, no contracts have been signed outside of this framework.
7. Joint venture contracts signed by COMINIERE are sent to the CTCPM (Commission for the Control of Mining Projects) in accordance with the law and are even published on the company's website.
8. There is no NGO to which COMINIERE has made any payments whatsoever.
9. The missing funds in the escrow account established by AVZ and managed by its lawyer, Christian Lukusa, constitute a corruption scandal on the part of AVZ. It was the statements of Attorney Christian Lukusa that exposed this vast corruption network established around the Manono Lithium project.
I remain available for any further clarification and assure you that everything I have just presented is supported by evidence.
Célestin KIBEYA KABEMBA, Managing Director - COMINIERE SA
Response from Cominière - Business and Human Rights Centre
Check out this page via the Business and Human Rights Centre
Mouthpiecenomnom
Regular
Your time to shine DaveE. Set the record straight for them?Thanks for posting that @hedrox and @Rechnerhand, here’s Kibeya’s reply to the Business And Human Rights Centre regarding the Nine Warning Signs in the Emerging Lithium Sector in the DRC (Translated to English)
Response from Cominière to Resource Matters and the Business and Human Rights Centre (BHRC), sent by email on December 17, 2025
I acknowledge receipt, via the official COMINIERE email address, of the document entitled: MANONO: NINE WARNING SIGNS IN THE EMERGING LITHIUM SECTOR IN THE DRC, which contains nine questions to which you would like answers from COMINIERE.
I am the Managing Director of COMINIERE SA, and therefore the authorized source to provide you with reliable information to counter any form of disinformatio campaign surrounding the Manono project.
Having been created in 2010 from the ashes of the former Zaire, without the financial resources to develop various mining projects, COMINIERE SA had to adopt a partnership policy in order to exploit its mineral assets.
Thus, on October 17, 2016, a Joint Venture agreement was concluded between COMINIERE SA and DATHOMIR RESOURCES Sarl with the objective of jointly developing mining projects on certain concessions, including PR 13359. In this joint venture, DATHOMIR holds 70% of the shares and COMINIERE 30%.
Consequently, and in accordance with the joint venture agreement, COMINIERE transferred PR 13359 to the joint venture DATHCOM MINING (Dathomir + Cominiere).
Subsequently, under the most opaque conditions possible, DATHOMIR sold 60% of its shares in the DATHCOM joint venture to an Australian junior mining company called AVZ. It is in this way, without any due diligence, that AVZ became the majority shareholder in the joint venture.
After this brief overview, I can answer your questions in turn:
1. The conflict between AVZ and COMINIERE is a joint venture dispute and not a dispute concerning the southern part of the Manono deposit. PR 13359, in its current configuration, is indeed a concession belonging to COMINIERE, which was returned after the termination of the joint venture agreement due to abuses by the majority shareholder, fraud, and a lack of transparency in the joint venture's management by AVZ. The return of this asset to COMINIERE was carried out pursuant to a judgment by the Kalemi High Court. AVZ has repeatedly attempted to have this judgment overturned without success.
2. There were no irregularities in the transfer of the State's shares in the joint venture after AVZ acquired a stake in the joint venture. All conditions were met, including the shareholders' right of first refusal. The documentation exists.
3. I do not know what this company is, as its ownership is not traceable. COMINIERE SA is operating with all its management bodies, and the General Assembly and Board of Directors meetings are held regularly. The signed contracts are published in the official gazette and transmitted to the CTCPM in accordance with the law.
4. COMINIERE SA, of which I am the CEO, does not, through its bylaws, allow any other company to be involved in the development of mining projects outside the legal framework.
5. COMINIERE SA is not the company that grants mining permits. This is the responsibility of the Mining Cadastre (CAMI).
6. COMINIERE SA is a commercial company under OHADA business law. To date, no contracts have been signed outside of this framework.
7. Joint venture contracts signed by COMINIERE are sent to the CTCPM (Commission for the Control of Mining Projects) in accordance with the law and are even published on the company's website.
8. There is no NGO to which COMINIERE has made any payments whatsoever.
9. The missing funds in the escrow account established by AVZ and managed by its lawyer, Christian Lukusa, constitute a corruption scandal on the part of AVZ. It was the statements of Attorney Christian Lukusa that exposed this vast corruption network established around the Manono Lithium project.
I remain available for any further clarification and assure you that everything I have just presented is supported by evidence.
Célestin KIBEYA KABEMBA, Managing Director - COMINIERE SA
Response from Cominière - Business and Human Rights Centre
Check out this page via the Business and Human Rights Centre
Dave Evans
Regular
Thanks for posting that @hedrox and @Rechnerhand, here’s Kibeya’s reply to the Business And Human Rights Centre regarding the Nine Warning Signs in the Emerging Lithium Sector in the DRC (Translated to English)
Response from Cominière to Resource Matters and the Business and Human Rights Centre (BHRC), sent by email on December 17, 2025
I acknowledge receipt, via the official COMINIERE email address, of the document entitled: MANONO: NINE WARNING SIGNS IN THE EMERGING LITHIUM SECTOR IN THE DRC, which contains nine questions to which you would like answers from COMINIERE.
I am the Managing Director of COMINIERE SA, and therefore the authorized source to provide you with reliable information to counter any form of disinformatio campaign surrounding the Manono project.
Having been created in 2010 from the ashes of the former Zaire, without the financial resources to develop various mining projects, COMINIERE SA had to adopt a partnership policy in order to exploit its mineral assets.
Thus, on October 17, 2016, a Joint Venture agreement was concluded between COMINIERE SA and DATHOMIR RESOURCES Sarl with the objective of jointly developing mining projects on certain concessions, including PR 13359. In this joint venture, DATHOMIR holds 70% of the shares and COMINIERE 30%.
Consequently, and in accordance with the joint venture agreement, COMINIERE transferred PR 13359 to the joint venture DATHCOM MINING (Dathomir + Cominiere).
Subsequently, under the most opaque conditions possible, DATHOMIR sold 60% of its shares in the DATHCOM joint venture to an Australian junior mining company called AVZ. It is in this way, without any due diligence, that AVZ became the majority shareholder in the joint venture.
After this brief overview, I can answer your questions in turn:
1. The conflict between AVZ and COMINIERE is a joint venture dispute and not a dispute concerning the southern part of the Manono deposit. PR 13359, in its current configuration, is indeed a concession belonging to COMINIERE, which was returned after the termination of the joint venture agreement due to abuses by the majority shareholder, fraud, and a lack of transparency in the joint venture's management by AVZ. The return of this asset to COMINIERE was carried out pursuant to a judgment by the Kalemi High Court. AVZ has repeatedly attempted to have this judgment overturned without success.
2. There were no irregularities in the transfer of the State's shares in the joint venture after AVZ acquired a stake in the joint venture. All conditions were met, including the shareholders' right of first refusal. The documentation exists.
3. I do not know what this company is, as its ownership is not traceable. COMINIERE SA is operating with all its management bodies, and the General Assembly and Board of Directors meetings are held regularly. The signed contracts are published in the official gazette and transmitted to the CTCPM in accordance with the law.
4. COMINIERE SA, of which I am the CEO, does not, through its bylaws, allow any other company to be involved in the development of mining projects outside the legal framework.
5. COMINIERE SA is not the company that grants mining permits. This is the responsibility of the Mining Cadastre (CAMI).
6. COMINIERE SA is a commercial company under OHADA business law. To date, no contracts have been signed outside of this framework.
7. Joint venture contracts signed by COMINIERE are sent to the CTCPM (Commission for the Control of Mining Projects) in accordance with the law and are even published on the company's website.
8. There is no NGO to which COMINIERE has made any payments whatsoever.
9. The missing funds in the escrow account established by AVZ and managed by its lawyer, Christian Lukusa, constitute a corruption scandal on the part of AVZ. It was the statements of Attorney Christian Lukusa that exposed this vast corruption network established around the Manono Lithium project.
I remain available for any further clarification and assure you that everything I have just presented is supported by evidence.
Célestin KIBEYA KABEMBA, Managing Director - COMINIERE SA
Response from Cominière - Business and Human Rights Centre
Check out this page via the Business and Human Rights Centre
The request for responses from the Business and Human Rights Centre is a follow up from the 39 page article: Nine Red Flags in the Emerging Lithium Sector in the DRC, written by Resource Matters
I wrote my thoughts on Celestin Kibeya’s bullshit but noticed the Business and Human Rights Centre’s page asking for responses is no longer on their website. Either way it doesn't hurt to be reminded of Cominiere's history of corruption
The dispute between AVZ and Cominiere came about because Cominiere violated AVZ’’s FROR set out in their joint venture contract and sold 15% of Dathcom’s shares to Zijin subsidiary Jin Cheng
Here’s the recording of Celestin Kibeya Kabemba accepting money from Zijin for the sale
x.com
Here’s proof the sale by Cominiere to Zijin was fraudulent and proof all the money disappeared under opaque circumstances, verified in the DRC Inspector General of Finance report
https://static1.squarespace.com/sta...f+DRC+Mining+Assets+by+COMINIERE+SA+-+ENG.pdf
https://congominespdfstorage.blob.core.windows.net/congominespdfstorage/Rapport-IGF-sur-COMINIERE-S-A-6387826ba915e (1).pdf
Cominiere and Zijin’s attempts to undermine and usurp AVZ Minerals position as the major shareholder of Dathcom. The ICC findings shown below
https://static1.squarespace.com/sta...s+Against+Jin+Cheng+ICC+Proceedings+-+Eng.pdf
Cominiere then terminates the Dathcom joint venture sighting disagreements and unharmonious relationship between shareholders in Dathcom and claims full ownership rights over PR13359
https://announcements.asx.com.au/asxpdf/20230417/pdf/45nqfydgl4grrk.pdf
International Chamber of Commerce findings in favour of AVZ Minerals and rulings against Cominiere
https://static1.squarespace.com/sta...rable+Ruling+in+ICC+Emergency+Arbitration.pdf
https://static1.squarespace.com/static/5934d2ae6b8f5beeb5ba23f3/t/6556c81619b89256c649135d/1700186135012/20231117+-+ASX+AVZ+Successfully+Restrains+Cominière+and+Additional+ICC+Arbitration+Updates.pdf
https://static1.squarespace.com/static/5934d2ae6b8f5beeb5ba23f3/t/65577f9e3ceec52a0ea0145a/1700233132219/Affaire+CCI+27720+SP+(EA)-Ordonnance+CS+15-11-23+-+Eng+Translation.pdf
https://static1.squarespace.com/static/5934d2ae6b8f5beeb5ba23f3/t/67d3c05d706c8e3c6453432b/1741930593293/20250314+-+Announcement+-+Response+to+Media+Speculation+and+ICC+Decision+to+Liquidate+Cominiere+Penalty(1300575192.2)+ENG_FRE.pdf
https://static1.squarespace.com/sta...uncement+-+ICC+Dismisses+Cominiere+Action.pdf
Regarding the actions of Cominiere terminating the Dathcom joint venture, the International Centre For Settlement Of Investment Disputes issued the following orders
https://static1.squarespace.com/sta...+AVZ+Successful+in+ICSID+Interim+Measures.pdf
Cominiere’s fraud and lack of transparency is documented in the IGF Report, ICC and ICSID. The IGF and other Reports also outline how Cominiere BOD members Lisette Kabanga and David Engazi received millions of dollars from Zijin Mining that disappeared without trace
The missing funds in the escrow account referred to were from AVZ Minerals payment to Dathomir for the additional 15% of Dathomir shares. The money was held in Rawbank under the control of former AVZ lawyer Christian Lukusa, who is the subject of legal investigations initiated by AVZ Minerals regarding the missing money
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Dave Evans
Regular
On another subject, Albermarle is an American lithium miner who supplies Tesla, is worth between US$20billion and US$30billion, and whose biggest shareholders include Vanguard, Capital World Investors and Black Rock. There's no reason for the media to continue speculating about KoBold (who have no mining experience, and apparently no finances) when Albermarle could buy us out
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While I tend to agree on KoBold being a pretender, Albermarle is rather risk-averse and does not like getting into bed with discredited regimes. It prefers full ownership and a squeaky clean international image.
One the other hand, Abu Dhabi based International Resource Holdings (IRH) may be a contender. In 2024 and 2025, it became the primary Western-aligned vehicle for acquiring sometimes distressed African assets. IRH has the deep pockets that KoBold lacks, and the political stomach for the DRC kleptocrats that Albemarle lacks.
I think RIO is still skulking around in the background, but for all its technical mine-building expertise, I am unsure if it is committed to Manono after a realignment of priorities in 2025.
Just thinking out aloud.
Cheers
F
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