AVZ Discussion 2022

[Doc]

ACAJ congratulates the Minister of Mines for having signed decrees nos. 00031 and 00032 dated 01/28/23 relating to decrees nos. 00147 and 00080 relating respectively to the granting of exploitation permit no. his partial waiver of the

exploration permit no. 13359. It is a courageous decision that allows the state-owned company COMINIERE SA to recover all of its rights to the Manono lithium concession. ACAJ reiterates to the Government its request for review of the DATHCOM contract
@KapiambaGeorges

Da fuq does that all mean????

 

[Samus]

Da fuq does that all mean????

Fucked if I know doesn't sound good. Unless it's only related to the mmcs/zijin give away. We need more info, or just as likely it's bullshit.

 

[Mr Clean]

Sounds like Zijin’s fucked if Cominiere regain their rights. That’s certain.

Though, I wonder if this means they are trying to revoke AVZ’s rights all the way back from 2016. They have a problem with the Dathcom JV afterall

 

[Doc]

Never a dull moment…..

 

[Mr Clean]

Honestly this is a positive development. If Zijin and friends are kicked from the project that’s great. If the DRC have kicked everyone, we can sue for damages in the ICC. Would the DRC be that brazen to try and remove us as well? I’m not sure.

But it’s finally progress after 10 months.

Something is actually happening.

 

[tonster66]

Sounds like Zijin’s fucked if Cominiere regain their rights. That’s certain.

Though, I wonder if this means they are trying to revoke AVZ’s rights all the way back from 2016. They have a problem with the Dathcom JV afterall

IGF have stated that Dathcom has a legitimate holding. The ann by AJAC refers to Cominiere rights, their 25%, which has been reduced to 5% which is in breach of the law. A positive move IMO

 

[wombat74]

ACAJ congratulates the Minister of Mines for having signed decrees nos. 00031 and 00032 dated 01/28/23 relating to decrees nos. 00147 and 00080 relating respectively to the granting of exploitation permit no. his partial waiver of the

exploration permit no. 13359. It is a courageous decision that allows the state-owned company COMINIERE SA to recover all of its rights to the Manono lithium concession. ACAJ reiterates to the Government its request for review of the DATHCOM contract
@KapiambaGeorges

'Partial waiver of the exploration permit 13359 '

What part is that ? Probably more fake news .

 

[tonster66]

Wombat, it actually states 133359, typo or?

 

[Sammy_da_Smile]

'Partial waiver of the exploration permit 13359 '

What part is that ? Probably more fake news .

Possibly only for the southern section maybe? Therefore being "partial".

Northern still in contention?

Ffs this never ends

 

[Sammy_da_Smile]

Possibly only for the southern section maybe? Therefore being "partial".

Northern still in contention?

Ffs this never ends

Also note the supposed decrees where signed a week ago, so why are we only hearing of this now?

We need to find what the decrees are, though not sure if they are publicly available

 

[TDITD]

Had a few to drink so I'll tone it down
FUCK THEM ALL
Corrupt scum shit eating cockraoches may they all die a slow painful death watching their investments in suspension

 

[Remark]

The devil is in the detail. I'm thinking this means that there is movement towards granting the ML for the southern part of the PR - although it's hard to tell with all the gooblegook??

 

[Sammy_da_Smile]

Does anyone know if 147 or 80 is our decree number that was awarded last year? And or what that number decree is.

 

[wombat74]

I don’t think it’s fake, acaj was on the money with that mmcs bullshit when we start our suspension. The decrees are both about our ML for the 13359 and the PE for the nothern part of 13359 we are fighting for. We need to know what standing in the decrees. But it doesn’t sound good when it give’s cominiere the possibility to get everything back. Hopefully they just mean the 5% mmcs + 15% zijin + complete % of the nothern part of the tenement. And new negotiations have to be made with cominiere about the nothern part, or anybody else get it(usa? Klaus?) as part of a deal. This would explain why acaj repeat that the government need to check the dathcom contract again. When cominiere have the chance now to get everything back because the president give a fuck about avz and will give it to the usa, we will have a big problem. Even if we searching for 10 billion in the ICC it would take years. And the last time the drc loose and have to pay a few hundred millions they have 20 years time to pay it back. Imagine how long it would take with several billions. The drc only have 12 billion in a year for their country at the moment. We would not see any money of our investment again in this case.

Unless she got a big juicy brown paper bag stuffed with cash why would she flip ? Is it for the mmcs 5% or possibly Nth cdl ?

 

[Modo]

I don’t think it’s fake, acaj was on the money with that mmcs bullshit when we start our suspension. The decrees are both about our ML for the 13359 and the PE for the nothern part of 13359 we are fighting for. We need to know what standing in the decrees. But it doesn’t sound good when it give’s cominiere the possibility to get everything back. Hopefully they just mean the 5% mmcs + 15% zijin + complete % of the nothern part of the tenement. And new negotiations have to be made with cominiere about the nothern part, or anybody else get it(usa? Klaus?) as part of a deal. This would explain why acaj repeat that the government need to check the dathcom contract again. When cominiere have the chance now to get everything back because the president give a fuck about avz and will give it to the usa, we will have a big problem. Even if we searching for 10 billion in the ICC it would take years. And the last time the drc loose and have to pay a few hundred millions they have 20 years time to pay it back. Imagine how long it would take with several billions. The drc only have 12 billion in a year for their country at the moment. We would not see any money of our investment again in this case.

If the DRC are going to start this nonsense, good luck with their battery council and plan to lift the country out of poverty.

No one is seriously going to invest a dollar in this country moving forward If, and that is a big if AVZ are thrown under a truck.

We need to see a lot more detail if this is true and detrimental to AVZ.

Let a company come in and do all the donkey work and then say pfft.

The country will be a pariah.

 

[Charbella]

My interpretation is the nought of MMCS and Zijin deal.

 

[tonster66]

My interpretation is the nought of MMCS and Zijin deal.

They have to be consistent, if they are examining chinese contracts then they have to examine them all.

 

[Carlos Danger]

ACAJ congratulates the Minister of Mines for having signed decrees nos. 00031 and 00032 dated 01/28/23 relating to decrees nos. 00147 and 00080 relating respectively to the granting of exploitation permit no. his partial waiver of the

exploration permit no. 13359. It is a courageous decision that allows the state-owned company COMINIERE SA to recover all of its rights to the Manono lithium concession. ACAJ reiterates to the Government its request for review of the DATHCOM contract
@KapiambaGeorges

Da fuq does that all mean????

Sounds like Zijin’s fucked if Cominiere regain their rights. That’s certain.

Though, I wonder if this means they are trying to revoke AVZ’s rights all the way back from 2016. They have a problem with the Dathcom JV afterall

IGF have stated that Dathcom has a legitimate holding. The ann by AJAC refers to Cominiere rights, their 25%, which has been reduced to 5% which is in breach of the law. A positive move IMO

'Partial waiver of the exploration permit 13359 '

What part is that ? Probably more fake news .

Possibly only for the southern section maybe? Therefore being "partial".

Northern still in contention?

Ffs this never ends

I don’t think it’s fake, acaj was on the money with that mmcs bullshit when we start our suspension. The decrees are both about our ML for the 13359 and the PE for the nothern part of 13359 we are fighting for. We need to know what standing in the decrees. But it doesn’t sound good when it give’s cominiere the possibility to get everything back. Hopefully they just mean the 5% mmcs + 15% zijin + complete % of the nothern part of the tenement. And new negotiations have to be made with cominiere about the nothern part, or anybody else get it(usa? Klaus?) as part of a deal. This would explain why acaj repeat that the government need to check the dathcom contract again. When cominiere have the chance now to get everything back because the president give a fuck about avz and will give it to the usa, we will have a big problem. Even if we searching for 10 billion in the ICC it would take years. And the last time the drc loose and have to pay a few hundred millions they have 20 years time to pay it back. Imagine how long it would take with several billions. The drc only have 12 billion in a year for their country at the moment. We would not see any money of our investment again in this case.

The devil is in the detail. I'm thinking this means that there is movement towards granting the ML for the southern part of the PR - although it's hard to tell with all the gooblegook??

If the DRC are going to start this nonsense, good luck with their battery council and plan to lift the country out of poverty.

No one is seriously going to invest a dollar in this country moving forward If, and that is a big if AVZ are thrown under a truck.

We need to see a lot more detail if this is true and detrimental to AVZ.

Let a company come in and do all the donkey work and then say pfft.

The country will be a pariah.

My interpretation is the nought of MMCS and Zijin deal.

These 2 new decrees directly relate to the ministerial decree for the PE and another decree that must have been issued about the north to legally partition the tenement. So the reference to rights owned by Cominiere is the 20% (15% Zijin and 5% MMCS) approved for transfer by the MoP due to the ownership at the time of the initial decrees.

This is extremely good news. Now AVZ can activate its first right of refusal on the 15% from Cominiere. And Cominiere can then cede their remaining 10% to the DRC government after the licence is registered. Womp womp Zijin imo.

Here's a better translation:

ACAJ congratulates the Minister of Mines for having signed decrees numbers 00031 and 00032 dated 28/01/23 relating to decrees numbers 00147 and 00080 respectively granting exploitation permit number 13359 to DATHCOM Mining SA and noting its partial waiver of research permit number 13359.

It is a courageous decision that allows the state-owned company COMINIERE SA to recover all of its rights to the Manono lithium concession. ACAJ reiterates to the Government its request for review of the DATHCOM contract.

 

[Mr Inappropriate]

It's all good though because someone said that the company said the decision on the ML is imminent.........

These 2 new decrees directly relate to the ministerial decree and another decree that must have been issued about the north to legally partition the tenement. So the reference to rights owned by Cominiere is the 20% (15% Zijin and 5% MMCS) approved for transfer by the MoP due to the ownership at the time of the initial decrees.

This is extremely good news. Now AVZ can activate its first right of refusal on the 15% from Cominiere. And Cominiere can then cede their remaining 10% to the DRC government after the licence is registered. Womp womp Zijin imo.

Here's a better translation:

ACAJ congratulates the Minister of Mines for having signed decrees numbers 00031 and 00032 dated 28/01/23 relating to decrees numbers 00147 and 00080 respectively granting exploration permit number 13359 to DATHCOM Mining SA and noting its partial waiver of research permit number 13359.

It is a courageous decision that allows the state-owned company COMINIERE SA to recover all of its rights to the Manono lithium concession. ACAJ reiterates to the Government its request for review of the DATHCOM contract.

Good posting, @Carlos Danger - I hope you’re right. I have so little faith that I shit myself when I see stuff like this announced.

Where did you get that translation from? For what it’s worth I use ChatGPT for translations now - at least you can comprehend the results…

 

[Carlos Danger]

Good posting, @Carlos Danger - I hope you’re right. I have so little faith that I shit myself when I see stuff like this announced.

Where did you get that translation from? For what it’s worth I use ChatGPT for translations now - at least you can comprehend the results…

Its basically the same but google translate was freaking out with the word no in front of the numbers. When read as it it should be it makes more sense that ACAJ were talking about how the 2 new decrees directly relate to the 2 initial decrees.

Important to note that the northern 82 carrés that are to be renewed under PR in a JV with the DRC government according to AVZ's May 4th 2022 announcement are not mentioned in the ministerial decree for the southern 139 carrés as a PE. So there must be another decree for splitting the tenement. None of the decrees are available for the public as far as I know. The decree for PE13359 was released by Franck Fwamba.