AVZ Discussion 2022

[Samus]

Tycoon Mwale links up with American firm to build DRC battery plant

Mr Mwale is behind the Mwale City that seeks to transform Lunza, a sleepy village in Kakamega County

www.businessdailyafrica.com

Tycoon Mwale links up with American firm to build DRC battery plant

Thursday May 26 2022

Kenyan tycoon Julius Mwale has partnered with an American firm to build a battery plant in the mineral rich Democratic Republic of Congo (DRC) to power smart cities.

The battery plant to be constructed by the US Engineering and infrastructure firm KE International has enlisted a Mr Mwale as one of its key partners in the project.

The plant will manufacture electric power storage batteries to power smart cities—which use technology to provide services and solve city problems-- in Africa.

"We are investing in building a 16 Gigawatt (16 terawatt) battery manufacturing plant in the DRC, to help power our smart cities in Kenya and the rest of Africa," Mr Mwale in a statement.

Mr Mwale is behind the so-called Mwale City that seeks to transform Lunza, a sleepy village in Kakamega County, into a ‘Silicon Valley’ worth at least Sh200 billion.

The worth, size and construction dates of the plant were not revealed.

Mr Mwale said he inked fundraising deals at a recent global conference with different financiers and partners for the DRC plant.

“The new partnerships will enable us to expand Mwale Medical tourism city model across Africa, where we have secured 18 locations for smart cities expansion," he said.

Mwale said KE International which oversaw the construction of Mwale City in Kenya will be in charge of completing the battery power plant in DRC.

The plant is being built next to Cobalt and Nickel mines belonging to the tycoon in DRC, he added.

"This is expected to solve the supply chain issues, in battery supplies in the world. The batteries will also be used to power electric vehicles, bicycles, and for residential and commercial purposes,” said Mwale.

The electric battery market is estimated to be worth $45 trillion between now and 2050. Electric batteries were the 38th most traded product in 2020 at $67 billion according to OEC, a Massachusetts Institute of Technology's data analysis firm.

Mwale's smart cities could make him a key player in the battery storage market due to the ownership of power plants like one at Mwale City.

Expanding that to Electric vehicle batteries, residential and commercial storage will guarantee sustainability of smart cities worldwide, analysts have said.

Wonder who they'll get the lithium from? Love to see a US or EU company pop out of the woodwork and take a cut in Manono instead of the Chinese. Mr pee pee not looking so appealing atm.

 

[Winenut]

first time I saw her I thought she looks like a crook, looks as miserable af too, she actually scares me.

But yeah that article dated 6th of Jan, well prior to IGF report, just more noise from the crooks agenda trying to get their version out in hope it will come to fruition before the truth started coming out, however boy does Nige n Co. have some explaining to do before they open trading. Send those messages and emails boys and girls, ask the hard questions just in case management are contemplating letting us trade on a half arsed ann that doesnt address everything out there, like like the claims in the bs article, give us all answers the market wants Nige.

View attachment 7736

The article was authored by Gary Kuba Bekanga

He seems to have some credibility in the DRC press from what I have been able to find

IS there something in what he is saying?

 

[JAG]

 

[JAG]

 

[tonster66]

Talk of incredibly short sighted, if the US is so adament in pushing back Chinas ultra aggresive moves to control the mineral space world wide on top of other ulterior motives, why didnt they or EURO show some interest in JV / offtake in AVZ ?

Surely they would of known that China would eventually make a play on the largest , most pure deposit/s of lithium the world has ever seen.

View attachment 7775
imo

Maybe they thought because it was in control by an Australian company they didnt need to

 

[John25]

 

[Samus]

Most of it is echoing what we already know, and the fact the article is from Jan and the IGF report has been done since then, I'm not overly concerned, I just want it all answered by the government and in turn management. As long as we stay suspended until management can give us all the answers the market needs in our favour of course, then I'll be happy as a pig in shit

Trouble is he seems to be coming from a cominiere zijin biased perspective. Probably around the time the pigs started squealing realising that they might be headding for a trip to the abattoir.

 

[Samus]

first time I saw her I thought she looks like a crook, looks as miserable af too, she actually scares me.

But yeah that article dated 6th of Jan, well prior to IGF report, just more noise from the crooks agenda trying to get their version out in hope it will come to fruition before the truth started coming out, however boy does Nige n Co. have some explaining to do before they open trading. Send those messages and emails boys and girls, ask the hard questions just in case management are contemplating letting us trade on a half arsed ann that doesnt address everything out there, like like the claims in the bs article, give us all answers the market wants Nige.

View attachment 7736

Looks like a jailbird already

 

[Bin59]

Chinese, Australian investors battle for largest lithium deposit

AVZ Minerals is battling to retain control of the Manono lithium project in DRC, potentially the world’s largest untapped lithium deposit, amid ownership claims from Chinese investors.

www.mining.com

From the mining.com article

“The dispute with Zijin isn’t AVZ’s only shareholder battle over the ownership of the lithium deposits. Last year, the company said it paid Dathomir Mining Resources Sarl $20 million for a 15% stake in the project, bringing its total shareholding to 75%. Now the company, owned by longtime Chinese investor in Congo, Cong Maohuai, has sued in Congo to annul the deal. AVZ’s subsidiary is appealing.

Cong did not immediately respond to an email requesting comment Friday.

The project is planned to develop the first lithium mine in Congo. Cong’s company, Societe de Gestion Routiere du Congo, is managing the rehabilitation of a 290 mile-long export route from Manono at a cost of about $285 million, according to AVZ.”

A long but interesting article below with some references to large tolls collected and Cong Maohuai

China built Congo a toll road that led straight to the ruling family

The Kabilas’ involvement in the toll road came to light through the biggest leak ever of financial documents from Africa.

www.mining.com

 

[Retrobyte]

A long but interesting article below with some references to large tolls collected and Cong Maohuai

China built Congo a toll road that led straight to the ruling family

The Kabilas’ involvement in the toll road came to light through the biggest leak ever of financial documents from Africa.

www.mining.com

After reading that article I am not confident about the future unless Felix can cut the head off the snake (Cong). Cong is balls deep in every corrupt piece of pie going by the look of it.

 

[Bin59]

I’m not sure why we wouldn’t let them go and go with someone else - maybe we couldn’t get the roads built for the same $

 

[LX600]

1st if June is very important. If CATH not transfer the 240m, they will be kicked out. The $20m break fee may belong to AVZ?

 

[Samus]

1st if June is very important. If CATH not transfer the 240m, they will be kicked out. The $20m break fee may belong to AVZ?

That's assuming CATH aren't paying on their terms. It seems just as likely that AVZ may not be accepting payment until some problems are sorted out in the background given what's going on right now?

The 20m could go either way imo, if the current dilemma isn't sorted. May be just as likely the deal is extended again. Unless I'm completely missing something here??

Guess we'll see.

 

[JAG]

 

[JAG]

 

[BEISHA]

Chinese, Australian investors battle for largest lithium deposit

AVZ Minerals is battling to retain control of the Manono lithium project in DRC, potentially the world’s largest untapped lithium deposit, amid ownership claims from Chinese investors.

www.mining.com

From the mining.com article

“The dispute with Zijin isn’t AVZ’s only shareholder battle over the ownership of the lithium deposits. Last year, the company said it paid Dathomir Mining Resources Sarl $20 million for a 15% stake in the project, bringing its total shareholding to 75%. Now the company, owned by longtime Chinese investor in Congo, Cong Maohuai, has sued in Congo to annul the deal. AVZ’s subsidiary is appealing.

Cong did not immediately respond to an email requesting comment Friday.

The project is planned to develop the first lithium mine in Congo. Cong’s company, Societe de Gestion Routiere du Congo, is managing the rehabilitation of a 290 mile-long export route from Manono at a cost of about $285 million, according to AVZ.”

A long but interesting article below with some references to large tolls collected and Cong Maohuai

China built Congo a toll road that led straight to the ruling family

The Kabilas’ involvement in the toll road came to light through the biggest leak ever of financial documents from Africa.

www.mining.com

Thanks for sharing, it seems to me that CONG and KABILA need a good ole flogging ........Johannesburg style......

 

[JAG]

This JAG guys a legend

 

[BEISHA]

This JAG guys a legend

View attachment 7800

Is he the same dude that sends nudies with bikinis on ?

 

[JAG]

Is he the same dude that sends nudies with bikinis on ?

 

[TheCount]

Chinese, Australian investors battle for largest lithium deposit

AVZ Minerals is battling to retain control of the Manono lithium project in DRC, potentially the world’s largest untapped lithium deposit, amid ownership claims from Chinese investors.

www.mining.com

From the mining.com article

“The dispute with Zijin isn’t AVZ’s only shareholder battle over the ownership of the lithium deposits. Last year, the company said it paid Dathomir Mining Resources Sarl $20 million for a 15% stake in the project, bringing its total shareholding to 75%. Now the company, owned by longtime Chinese investor in Congo, Cong Maohuai, has sued in Congo to annul the deal. AVZ’s subsidiary is appealing.

Cong did not immediately respond to an email requesting comment Friday.

The project is planned to develop the first lithium mine in Congo. Cong’s company, Societe de Gestion Routiere du Congo, is managing the rehabilitation of a 290 mile-long export route from Manono at a cost of about $285 million, according to AVZ.”

A long but interesting article below with some references to large tolls collected and Cong Maohuai

China built Congo a toll road that led straight to the ruling family

The Kabilas’ involvement in the toll road came to light through the biggest leak ever of financial documents from Africa.

www.mining.com

Don’t you just love these divisive manipulative fuckwit “journalists” - didn’t immediately respond….. Like as if they’re owed a private line conversation to those with the info!!!

So happy I’ve boycotted all mass media years ago…