Thanks for sharing, thats a very comprehensive citation of events, lets hope all that info holds weight with the Zijin saga.!!
The one item that is open to conjecture from my limited brain cells is on your notes...... 18/5/17
" The term of validity of PR13359 is 5 years from 28 December to 27 December 2021, the licence is renewable for another 5 yrs providing certain conditions are met "
Has AVZ satisfied certain conditions ?
I wonder whether this is what
@obe wan was going on about with the recent " amendment" chat we had yesterday ?
imo
BEISHA
I specifically put that information in my post
and underlined it at the end so Obe would see it and perhaps provide further information on it. I have been watching out for the License Renewal (Term of validity of PR13359 due on 27 December 2021) for the last 9 months and I have never seen it renewed.
Bin59 provided The Mining Rights and Required Licenses and Permits Document which states:
....to be eligible for a mining permit, companies are obliged to either form a joint venture with a state-owned company (such as Gécamines) -
(or in our case, Cominiere)
that already holds the necessary permits, or freely assign a mandatory 10 per cent stake of its share capital to the DRC.
- My view is that the Cominiere dispute (selling 15% equity to Zigin) is the cause of the suspension because it changed the process of renewing AVZ,s mining and exploration rights (The PR13359 License)
The Mining Cadastre has 20 working days to examine the request and to make a decision (Article 40). Following this, the Directorate of Mines must conduct a technical investigation.
- The Technical Approval has been given (ASX Announcement 13 April 2022)
The office in charge of the protection of the environment examines the environmental impact study and the environment management plan. These reviews must be conducted within a period of time set forth in the Mining Code for each type of request (typically, for exploitation permits, within 30 working days for the Mining Cadastre, 60 working days for the Mining Directorate and 180 working days for the environmental investigation). Should any of the aforementioned authorities fail to reach a decision within the required time frame imposed by the Mining Code, the mining permit will be considered granted. When a favourable decision is made, the Mining Cadastre will then grant the mining permit to the applicant, provided that the relevant surface rights have been paid for within 30 business days. All mining rights are conveyable under the Mining Code. A specific right of amodiation (comparable to a long lease agreement) also entitles the holder of an exploitation permit to transfer all or part of such rights under a rental scheme. Exploitation permits can also be mortgaged. Finally, while mining rights are valid only for specified mineral substances, permits can be extended to additional minerals through specific procedures.
- All requirements have been fulfilled as stated by the granting of the Technical Approval and ASX Announcement 4 May 2022
- DRC Minister of Mines has signed the ministerial decree to award the Mining Licence for the Manono Lithium and Tin Project to Dathcom Mining SA (Dathcom) 1
- DRC Mining Code requires the Cadastre Minier (CAMI), operating under the supervision of the Minister of Mines, to calculate the surface rights fee and officially award the Mining Licence following the receipt of payment
-
The Ministerial Decree to award the Mining Licence covers the entirety of the Roche Dure JORC Mineral Resource and Reserve2&3 and the Carriere de l’Este exploration target4
-
An area which was excluded under the Ministerial Decree to award the Mining Licence, will be renewed under a 5-year Exploration Licence to Dathcom, with discussions regarding the terms of the ongoing joint venture under discussion with the DRC Government
- The transaction with CATH is progressing well with closure formalities expected to be finalised this month, providing CATH an indirect 24% interest in the Manono Project, whilst AVZ retains a majority stake of 51%
-
DRC Council of Ministers expected to meet to provide wide ranging support for all outstanding permitting and licencing requirements for the Manono Project
. Please explain? Ass covering?
