AVZ Discussion 2022

[Xerof]

*Speaking of Twiggy, I see where​

DRC President Criticizes The Delay Of The Grand Inga project​

The Grand Inga project has hit a roadblock despite the signing of a memorandum of understanding in September 2020 with Fortescue Metals Group Ltd. to develop what could be the largest hydroelectric project in the world.

President Felix Tshisekedi expressed his disappointment with the situation during an interview with Bloomberg on January 19th, 2023, at the World Economic Forum in Davos.

He believes that in order to move forward, Fortescue should bring in other investors, particularly from Africa, and potentially scale back their ambitions to accelerate the project’s development.

“We are not on the same wavelength,” said President Felix Tshisekedi.

“We want to create an opportunity that brings together various interests, particularly those of Africa. We are open to all discussions and meetings.”

He added that he met with Fortescue’s President, Andrew Forrest, during his visit to Davos to continue the discussions.

Challenges of the Mega Project

Fortescue Future Industries Ltd. plans to harness the energy from Inga, which could potentially be twice as powerful as China’s Three Gorges project, to produce green hydrogen and green ammonia for the Democratic Republic of Congo.

According to estimates, the Grand Inga project aims to produce 10 million tons of green hydrogen annually.

The project is also expected to create over 100,000 direct jobs and up to 500,000 indirect jobs.

Additionally, a fund called “Inga Fund” will be established, which will receive 5% of the investments made for the Grand Inga project.

The project will also help to bring electricity to rural and peri-urban areas, in line with the Democratic Republic of Congo’s Industrialization Master Plan.

However, the project is currently facing delays due to disagreements within the Presidency and Government, according to sources familiar with the matter.

Despite the support of the Head of State and former Special Adviser Kayembe, Fortescue is reportedly facing various administrative challenges.

copperbeltkatangamining


What then blocks the Grand Inga project?

According to concordant sources close to this file, the blocking would come from the disagreements in the Presidency as well as in the Government. This would be the basis of the slowdown in the execution phase of the studies.

Fortescue is experiencing several administrative difficulties despite the support of the Head of State and Special Adviser Kayembe when he was still on duty.

mediacongo


* I also see where,


The Court of Auditors will soon organize its first hearings to judge mismanagement

The Court of Auditors will, for the first time in its history, soon organize its first hearings to judge mismanagement. The first president of this Court, Djimmy Munganga, said so on Friday January 20 during an open day organized at the Congo River Hotel, for lack of space in his offices.

According to him, his institution has all the means of its policy to carry out its missions.

In a presentation made to civil society, followed by a debate, he explained the missions of his institution, namely judicial control including the judgment of de facto management, judgment of mismanagement and judgment of the accounts of senior public accountants. assignee's of income or expenditure.

Clearly, its mission is to carry out, independently, an ex post external control of the finances of the State and its dismemberments as well as of the bodies, public companies and other entities benefiting from the financial assistance of the State.

It makes a judgment on the regularity of the financial statements and the accounts of public accountants according to a contradictory approach and in accordance with generally recognized standards.

The Court of Auditors contributes through its verification and compliance control missions to the improvement of financial governance and compliance with the principles of accountability.

It submits to the President of the Republic, to Parliament and to the Government a report accompanied by recommendations on the results of its work.

The Court also exercises extra-judicial control in the same way as the IGF.

Without the power to arrest or imprison the alleged culprit of mismanagement, the Court imposes fines on the accused and orders the confiscation of twice his gross annual salary.


*In other News, I see where "The Man with a Plan" is getting impatient when it comes to the Development Program, as

Félix Tshisekedi calls on the Government to accelerate the implementation of the development program for the 145 territories

The President of the Democratic Republic of Congo (DRC) Félix-Antoine Tshisekedi, during the 83rd meeting of the Council of Ministers which he chaired by video conference on Friday January 21, 2023, reminded the members of the Government of his determination to see the people Congolese to note during this year 2023, an acceleration of the implementation of the local development program of the 145 territories of the country.

Based on the promulgation of Ordinance No. 23/003 of January 22, 2023, on the creation, organization and functioning of the institutional framework for the implementation of the monitoring and evaluation of the local development program of the 145 territories, Félix Tshisekedi finds that "nothing should prevent the implementation of this program which will bring a solution to several problems of the Congolese", notes the report of the Council of Ministers made by the spokesman of the Government, Patrick Muyaya.

Insisting on the "priority" nature of this program that he initiated, Félix Tshisekedi urged all the stakeholders, including the executing agencies on the one hand and the Government on the other, "to avoid heaviness and other administrative procedures that negatively impact the implementation of the said programme”.

According to the Council of Ministers, "everything should be put in place by the steering committee to achieve the expected results as soon as possible".

Estimated at 1.6 billion US dollars, the local development program of 145 territories of the country should, among other things, allow the construction and rehabilitation of road, school and health infrastructures.


View attachment 27728

Food for thought on the Road to Manono

Cheers

Frank

Fuck me, Twiggy is having the same problems.

The only thing the chinese seem to be able to build are roadblocks

 

[Carlos Danger]

I was called all sorts of names and told to shut up when I first posted here. But I won over the crowd using reasoning and evidence. Because it's better to live one day as a lion than a thousand years as a little bitch.

 

[Azzler]

Poor bloke is geting very upset.

 

[Panther22]

Fuck me, Twiggy is having the same problems.

The only thing the chinese seem to be able to build are roadblocks

Run Twiggy, run as far away as you can..........

 

[cruiser51]

Michael Hughes left AVZ a while ago, replaced by David Paget

I believe that Michael still works for AVZ not on a permanent basis, but on a consultancy basis, but could be wrong.

 

[DiscoDanNZ]

I was called all sorts of names and told to shut up when I first posted here. But I won over the crowd using reasoning and evidence. Because it's better to live one day as a lion than a thousand years as a little bitch.
View attachment 27729

TSE is the HC refugee camp so we can be quite sensitive and wary of new comers. Also as AVZ investors there is a high chance we will be living in tents in the future.

 

[cruiser51]

TSE is the HC refugee camp so we can be quite sensitive and wary of new comers. Also as AVZ investors there is a high chance we will be living in tents in the future.

Better in a tent than under a bridge.

 

[Onthefm]

Michael Hughes left AVZ a while ago, replaced by David Paget

If that's the case it could be michael Hughes just he's working for the German now on site.

 

[Flight996]

In the absence of any good news (or any credible news), I unapologetically plagiarised this bubble chart from the PMT forum on the other site. We are still out in front, despite a late charge by a couple of domestic teams asserting their home ground advantage.

 

[Retrobyte]

Michael Hughes is about 55 - 60 years old.

View attachment 27727
Mr. Michael Hughes

It says in the 2020 AVZ Annual report:

In October 2019, Mr. Michael Hughes was appointed as Project Director for the Manono Project.
Mr. Hughes has more than 35 years’ experience in Engineering, Procurement and Construction in the minerals and metals market, having worked for both engineering companies and clients to execute studies and projects.
His experience covers all metals and minerals commodities plant design and construction in Africa, India, France and Australia. He has also worked in many African countries, including Malawi, Mozambique, Namibia, Botswana, Madagascar and Ethiopia.

When I saw him last time, he looked substantially greyer than in the above photo.

However looks can be deceiving, don't know who it is, but I don't think it is Michael.

Could be this bloke?

https://www.linkedin.com/in/trevor-eton-5b041a12/

 

[BEISHA]

What's Nigel's plan B if Felix doesn't come to the rescue and this drags on for months ? The Chinese will keep throwing sh1t at us . They already have us pretty much tied up for the rest of this year with the ICC . I can see a breaking point coming where investors have had enough of this sh1t . imo

You have been banging on about a PLAN B for a fair while, something that i havnt contemplated before, because if you believe what Nigel has stated at the AGM, ML is not contingent on the respective ICC arbitration cases, its all about the CDL carve up, surface rights etc, which is why I hold out hope that with the ministry reshuffle that is supposedly being enacted by FT, this could be a sign that he is finally getting his house in order, void of filthy vermin, providing a gate way for AVZ to get whats rightfully theirs in the not so distant future.

That being said, i also remember Nigel saying at the AGM that sophs / VIPs have been "in his ear " about the ML should wait until the ICC arbitrations comes to a conclusion too........I wonder if @Carlos Danger remembers that....

So what is the actuality here ?

Does anyone know for sure , apart from the AVZ bod / momentum layers who are keeping matters close to their chest ?

We are close to February now, elections are due December, the last thing any AVZ shareholder would want to see, is ML still in limbo land come EOY, funds drying up, with a potential Kabila victory at hand, who will simply rewrite the constitution ( cause they can )allowing the chinese to get away with the steal of the century and with that, control of the lithium narrative world wide.

So with that in mind, maybe we should discuss a PLAN B as a group, cause the alternative could be alot worse, possibly even disaster, who the fuck knows when it comes to the DRC / China........hell, they dont even respect the highest court in the world FFS !!

So here is my version of what a PLAN B could look like to obtain the ML, it wont be popular, but hey, its business or bust right ?


a) AVZ retain minimum 51% interest of DATHCOM ( post 24% CATH )

b) ZIJIN can keep the 15% (pre emption dispute), pays the full up to date value of the 15% to Cominiere, plus partial remuneration to AVZ ( $$ ? ) for expenses / work previously carried out.

So the equation would look like this........

AVZ 51 %, CATH 24%, ZIJIN 15%, DRC govt 10%


CATH pays $240m to AVZ as their share of the construction costs

ZIJIN pays $150m to AVZ as their share of the construction costs.

AVZ chases bank finance to fund the rest.


AVZ will be awarded a full 5 yr exploration license renewal for 100% CDL and other tenements.

AVZ then proceeds to JV CDL with ZIJIN..........whereby ZIJIN bears the FULL cost of exploration to earn a certain percentage of the project.


AVZ , focuses on the production of RD.


Yes folks, PLAN B would mean AVZ goes to bed with ZIJIN, whats the ole saying ....." Better the devil you know "

" Keep your enemies close "


I actually think the market would receive that news favourably, even tho the thought would make me puke !


Would love to hear other folks POV on..................PLAN B.


imo

 

[ptlas]

No Zijin, Cong etc,
They have proved on numerous occasions that they can't be trusted.

We would be fucked over in some unforeseeable way and I don't see Tinkywinky heading it off at the pass.
His track record ain't good and he's as useful as a fart in a bottle while in Perth.

Besides, that would be totally out of kilter with FT sweeping out the crud.
Renegotiating 15 year old agreements with the Chinese and then letting them cheat their way into the world's largest lithium deposit would not look good in the anti-corruption context.

Things are looking good, hold the line. Besides such a discussion will be taken as a sign of psychological weakness and leveraged accordingly.
I suspect that the recent European share purchase proposal was as a result of peeps discussing getting out of this shit at a certain price.

Been here too long now.
All or nothing.

Be strong

imo

 

[BEISHA]

Hi Beisha, if the board was open to your plan B we wouldn’t be in a trading halt.

We dont know what the board is open to do we ?

As i said, not my preferred option at all, but the topic of my post was PLAN B.

Whats yours ?

 

[Misfits]

 

[Misfits]

 

[Fletch77]

We dont know what the board is open to do we ?

As i said, not my preferred option at all, but the topic of my post was PLAN B.

Whats yours ?

Hi Beisha, not saying
I’m in favour of your plan B, but surely negotiating CATH down to the 9% that Nigel has mentioned would be part of that plan B..

 

[Charbella]

#URGENT after our pleas on the COMINIERE affair THE #DIACONESSE #ADÈLE #KAYINDA MINISTER OF STATE MINISTER OF PORTFOLIO LOSES HIS MINISTERIAL POST, The same source also confirms that BAHATI #LUKWEBO WOULD have given his opinion Pr THE DEPARTURE OF THE DEACONESSES.​

​

​

NEWS​

DRC: A message attributed to Bahati Lukwebo asking for the departure of Adèle Kayinda from the Sama Government at the heart of a controversy on social networks!​

Published
4 days ago
on
January 18, 2023By

Rédaction Cp

In the run-up to the Sama Lukonde Government reorganization announced by President Tshisekedi, some of the members of this Government are wondering about their future. It is also an opportunity to settle the scores between protagonists. This is the case with the soap opera, we can say, by Adèle Kayinda Mahina and Modeste Bahati Lukwebo.
Member of the Sama 1 Government since April 2021, the Minister of State for the Portfolio, Princess Adèle Kayinda Mahina, is cold with the President of the Senate Modeste Bahati who is the President of the political group that delegated her to the Government.
According to journalist Yves Buya, Modeste Bahati swears on Adèle Kayinda's departure from the next government.
In a tweet of January 17, this journalist, while attaching the screenshot of a message attributed to Bahati sent to the Prime Minister, believes that Bahati Lukwebo is also fighting Adele Kayinda.
"If this letter from Bahati Lukwebo to Sama Lukonde is authentic, it is clearly proven that Bahati is also fighting Adele Kayinda by asking for her departure from the Government, as if it were he who decides in place of the country's top institution," he said.
In retaliation for this tweet, Doux-Jésus Beledu, journalist and boss of the Liberté actu media, describes this message attributed to Bahati as a "todishcloth" and calls for the opening of the "COMINIERE" trial.
"How can we be serious and attribute this cloth to the President of the Senate? Now everyone can design a text from their toilet and attribute it to Modeste BAHATI? This is what happens when you are out of imagination. Looking forward to the opening of the COMINIERE trial, "he concluded. File to follow.
M.K/CONGOPROFOND.NET

 

[cruiser51]

Could be this bloke?

https://www.linkedin.com/in/trevor-eton-5b041a12/

I really don't know who he is, but he looks about 20 years younger than Michael Hughes. (Sorry Michael, you look still pretty cool for 60)

Could be his son, who knows.

 

[Flight996]

You have been banging on about a PLAN B for a fair while, something that i havnt contemplated before, because if you believe what Nigel has stated at the AGM, ML is not contingent on the respective ICC arbitration cases, its all about the CDL carve up, surface rights etc, which is why I hold out hope that with the ministry reshuffle that is supposedly being enacted by FT, this could be a sign that he is finally getting his house in order, void of filthy vermin, providing a gate way for AVZ to get whats rightfully theirs in the not so distant future.

That being said, i also remember Nigel saying at the AGM that sophs / VIPs have been "in his ear " about the ML should wait until the ICC arbitrations comes to a conclusion too........I wonder if @Carlos Danger remembers that....

So what is the actuality here ?

Does anyone know for sure , apart from the AVZ bod / momentum layers who are keeping matters close to their chest ?

We are close to February now, elections are due December, the last thing any AVZ shareholder would want to see, is ML still in limbo land come EOY, funds drying up, with a potential Kabila victory at hand, who will simply rewrite the constitution ( cause they can )allowing the chinese to get away with the steal of the century and with that, control of the lithium narrative world wide.

So with that in mind, maybe we should discuss a PLAN B as a group, cause the alternative could be alot worse, possibly even disaster, who the fuck knows when it comes to the DRC / China........hell, they dont even respect the highest court in the world FFS !!

So here is my version of what a PLAN B could look like to obtain the ML, it wont be popular, but hey, its business or bust right ?


a) AVZ retain minimum 51% interest of DATHCOM ( post 24% CATH )

b) ZIJIN can keep the 15% (pre emption dispute), pays the full up to date value of the 15% to Cominiere, plus partial remuneration to AVZ ( $$ ? ) for expenses / work previously carried out.

So the equation would look like this........

AVZ 51 %, CATH 24%, ZIJIN 15%, DRC govt 10%


CATH pays $240m to AVZ as their share of the construction costs

ZIJIN pays $150m to AVZ as their share of the construction costs.

AVZ chases bank finance to fund the rest.


AVZ will be awarded a full 5 yr exploration license renewal for 100% CDL and other tenements.

AVZ then proceeds to JV CDL with ZIJIN..........whereby ZIJIN bears the FULL cost of exploration to earn a certain percentage of the project.


AVZ , focuses on the production of RD.


Yes folks, PLAN B would mean AVZ goes to bed with ZIJIN, whats the ole saying ....." Better the devil you know "

" Keep your enemies close "


I actually think the market would receive that news favourably, even tho the thought would make me puke !


Would love to hear other folks POV on..................PLAN B.


imo

Hi Beisha

Re: Plan B

Strategic planning is a key function of the board.
AVZ has at least two International Court of Cassation (ICC) hearings scheduled for April 2023.
The outcomes of the Comminaire/MMCS hearing, which concluded on 20 Jan 2023, are yet to be released.
It would be prudent to let the board in conjunction with its lawyers develop its strategies for progressing the Manono mine, and for us to wait for the outcomes of all the ICC hearings.

Cheers
F

 

[Mr Inappropriate]

Aaaaand, that’s a cock-punch coming @Misfits way. @MoneyBags1348 - have at it.