The Dathcom and @AvzMinerals PE Dossier risks tarnishing the image of the country as was the case for the First Quantum Minerals dossier for which the DRC, Ventora and Dan Gertler have innocently paid a high price since 2017 to date. Patriotic reminder without propaganda or flattery
AVZ Discussion 2022
- Thread starter GazDix
- Start date
DiscoDanNZ
Regular
Fucken Tommy fucken Twotbag.
When is this guy going to learn that his false articles are just going to be picked to shreds or is the AFR allowing for the clickbait?
When is this guy going to learn that his false articles are just going to be picked to shreds or is the AFR allowing for the clickbait?
obe wan
Regular
Tommy's an absolute flog...everyone knows that AVZ appointed a strategic advisor, that's nothing new, i’d hate to think, where we’d be now without him, sure there's some here who’ve asked wtf is he doing, is he collecting brown bags from all directions; personally fwiw I very highly doubt it, he's well paid by AVZ. If DLA piper gave the go ahead to use him ; the veracity report didn't find any red flags around him; he's a self employed international consultant.....seriously what's Tommys point in the report.
But he's a cash burn hot rock for sure ; the quarterly burn probably gave Tommy a ‘what if’ erection
AVZ as the developer of the SEZ, would be eligible to additional benefits from the Congolese government as opposed to being purely an investor in the SEZ.
Carlos Danger
Top 20
Nine to pay $545k after defaming PNG minister
Nine will have to pay $545,000 to Papua New Guinea politician William Duma over a series of defamatory AFR articles that falsely accused him of corruption.
www.perthnow.com.au
A series of Australian Financial Review articles wove a "false narrative" that Papua New Guinea energy minister William Duma acted corruptly in granting a petroleum licence, a court has found.
On Tuesday, Mr Duma was vindicated in his Federal Court suit against the Nine-owned Fairfax being awarded $545,000 over a series of defamatory AFR articles by Angus Grigg and Jemima Whyte in February 2020.
Justice Anna Katzmann found Fairfax's articles about the politician's involvement in a PNG petroleum licence tender in 2010 and 2011 were not written as a "bare, factual report" but were rather were "replete with errors and misrepresentations".
The articles were "spiced with an account of suspicious circumstances" against the politician, the judge said.
"The ordinary reasonable reader is prone to loose thinking and reads between the lines. And that is precisely what the respondents encouraged them to do. This article was awash with innuendo," she wrote.
In rejecting Fairfax's defence of qualified privilege, Justice Katzmann found the conduct of the publisher was less than reasonable and inexcusable because they did not properly look over the leaked documents handed to them.
"While they may have read the documents, they did not accurately report the contents of many upon which they relied. And they did not always check the facts," the judge wrote.
"They did not take care to distinguish between suspicions, allegations and proven facts. They did not report the substance of Mr Duma's 'side of the story' in relation to all the matters complained of."
JAG
Top 20
Carlos Danger
Top 20
Sounds all too familiarNine to pay $545k after defaming PNG minister
Nine will have to pay $545,000 to Papua New Guinea politician William Duma over a series of defamatory AFR articles that falsely accused him of corruption.
A series of Australian Financial Review articles wove a "false narrative" that Papua New Guinea energy minister William Duma acted corruptly in granting a petroleum licence, a court has found.
On Tuesday, Mr Duma was vindicated in his Federal Court suit against the Nine-owned Fairfax being awarded $545,000 over a series of defamatory AFR articles by Angus Grigg and Jemima Whyte in February 2020.
Justice Anna Katzmann found Fairfax's articles about the politician's involvement in a PNG petroleum licence tender in 2010 and 2011 were not written as a "bare, factual report" but were rather were "replete with errors and misrepresentations".
The articles were "spiced with an account of suspicious circumstances" against the politician, the judge said.
"The ordinary reasonable reader is prone to loose thinking and reads between the lines. And that is precisely what the respondents encouraged them to do. This article was awash with innuendo," she wrote.
In rejecting Fairfax's defence of qualified privilege, Justice Katzmann found the conduct of the publisher was less than reasonable and inexcusable because they did not properly look over the leaked documents handed to them.
"While they may have read the documents, they did not accurately report the contents of many upon which they relied. And they did not always check the facts," the judge wrote.
"They did not take care to distinguish between suspicions, allegations and proven facts. They did not report the substance of Mr Duma's 'side of the story' in relation to all the matters complained of."
View attachment 28952
Stop the press - corporation hires lobbyist!
MoneyBags1348
Top 20
I’m not inadequate, maybe a little too concerned with wanting AVZ to succeed and trolls in here lying and trying to undermine our BOD and exec’s when they are having to deal with corruption coming at them from all sides in the DRC…. I suspect the two trolls I mentioned work for lithium plus.
Your post is the one betraying inadequacy, and your not in the same boat as me, last I heard you were hanging with your homies in the UAE
“Homies” “dude“…. Maybe it’s your lack of being able to talk like a normal person that’s tiring you
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MoneyBags1348
Top 20
DRC-Africa Battery Metals Forum Preparing for the Future - Copperbelt Katanga Mining
Given their pivotal role in the green economy future of mining, there has been an ever growing demand for battery metals. With the DRC endowed with these
copperbeltkatangamining.com
DRC-AFRICA BATTERY METALS FORUM PREPARING FOR THE FUTURE
FEBRUARY 6, 2023 CONSTANCEGiven their pivotal role in the green economy future of mining, there has been an ever growing demand for battery metals. With the DRC endowed with these minerals, the country needs a platform for dialogue on how to leverage the demand.
VUKA Group Mining: events director SAMUKELO MADLABANE unpacks the timeous DRC-Africa Battery Metals Forum to be held in September 2023.
The DRC-Africa Battery Metals Forum is the prime engagement platform for cobalt, lithium and nickel producers, traders, investors and NGOs in Africa. The event will take place from 12–13 September 2023, at the Pullman Kinshasa Grand Hotel, Kinshasa DRC.
“In an effort to curb the effects of climate change, the world needs to go through an energy transition that will be driven largely by battery metals. The theme of the conference will be Creating wealth for the DRC and Africa’s battery metals industry value chain,” says Madlabane.
The African Continental Free Trade Area (AfCFTA) has given the continent renewed hope and it unlocks new opportunities, such as local beneficiation. Madlabane further states that according to a Bloomberg study, it would be financially more reasonable to produce batteries in the DRC and in other African countries rather than producing them in China. “The birth of this conference was the perfect storm, the conditions are just right,” adds Madlabane.
VUKA Group has a long-standing relationship with the DRC National Ministry of Mines, with the ministry supporting the DRC Mining Week for years. For the DRC-Africa Battery Metals Forum, the DRC National Ministry of Mines has indicated that they are willing to support the conference but will be handing over the reins to the Ministry of Industry.
“The DRC Ministry of Industry has been tasked by the government to build a battery metals industry in Africa, with a state-owned firm processing some of the battery minerals in the country and other African countries playing various roles in the value chain,” states Madlabane.
Other than for investors, the DRC-Africa Battery Metals Forum is the must attend forum for the cobalt, copper, lithium, nickel, graphite, manganese, rare earths and 3T producers as well as battery makers, traders, investors and NGOs in Africa.
Madlabane says there is a need to ensure that as the DRC builds this new industry, that it does so in an inclusive and equitable manner that underpins broad-based sustainable growth, local beneficiation and socio-economic development, and it is critical to have all these players in the room to make sure it happens in that manner.
“The forum serves as a gathering place for the DRC’s government, mining corporations, important players, technology providers, and end users to promote debate about defining and establishing a new industry,” concludes Madlabane.
VUKA GROUP'S DRC MINING CORRUPTION WEEK SEPTEMBER 2023
ANTOINETTE N’SAMBA KALAMBAYI DISCUSSED WITH THE VUKA GROUP DELEGATION ABOUT DRC MINING WEEK 2023
A Vuka Group delegation led by its Event Manager, Patricia Kazaka was received in audience this Tuesday, November 22, 2022 by the National Minister in charge of mines, Antoinette N’Samba Kalambayi in her office in Kinshasa Gombe.
Over the last 6 years in the DRC, AVZ have carried out Soil Sampling, Field Mapping, Consulting, Drilling, Metallurgical Testing, Completing a FEED Study, Environmental Study and Impact Assessment Reports including Groundwater Management, a 160 page Definitive Feasibility Study, a SEZ Agreement, Tendering for Mining Infrastructure, Legally Obtaining and Paying For an Increased Share of Dathcom, Obtaining Several Offtake Agreements for both Lithium and Tin, Raising Capital, Negotiating Funding with Pan African DFI’s and a Funding and Offtake Agreement with CATH, Presenting at the Battery Minerals Conference, Legally Fulfilling all Requirements to Obtain the Mining License, Including Receiving the Ministerial Decree to Award the Mining License and producing an 85 page Sustainability Report, Spending millions of dollars and Supporting the Local Community….
State owned mining company Cominiere caught fraudulently selling its shares to Chinese company Zigin by the Inspector General of Finance and it’s Director General and Technical Director charged.
Now State owned Cominiere is working the Minister of Mines and corrupt Director General of the DRC Mining Cadastre (CAMI) to deny granting AVZ Minerals a Mining License
Remember this when investing in mining in the DRC
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Bray
Regular
Made them all images for ya foxy ladyThis mornings screen shots from CAMI. Minocom is back. Everything else the same.
Cheers The Fox
Carlos Danger
Top 20
"The ordinary reasonable reader is prone to loose thinking and reads between the lines. And that is precisely what the respondents encouraged them to do. This article was awash with innuendo," she wrote.Nine to pay $545k after defaming PNG minister
Nine will have to pay $545,000 to Papua New Guinea politician William Duma over a series of defamatory AFR articles that falsely accused him of corruption.
A series of Australian Financial Review articles wove a "false narrative" that Papua New Guinea energy minister William Duma acted corruptly in granting a petroleum licence, a court has found.
On Tuesday, Mr Duma was vindicated in his Federal Court suit against the Nine-owned Fairfax being awarded $545,000 over a series of defamatory AFR articles by Angus Grigg and Jemima Whyte in February 2020.
Justice Anna Katzmann found Fairfax's articles about the politician's involvement in a PNG petroleum licence tender in 2010 and 2011 were not written as a "bare, factual report" but were rather were "replete with errors and misrepresentations".
The articles were "spiced with an account of suspicious circumstances" against the politician, the judge said.
"The ordinary reasonable reader is prone to loose thinking and reads between the lines. And that is precisely what the respondents encouraged them to do. This article was awash with innuendo," she wrote.
In rejecting Fairfax's defence of qualified privilege, Justice Katzmann found the conduct of the publisher was less than reasonable and inexcusable because they did not properly look over the leaked documents handed to them.
"While they may have read the documents, they did not accurately report the contents of many upon which they relied. And they did not always check the facts," the judge wrote.
"They did not take care to distinguish between suspicions, allegations and proven facts. They did not report the substance of Mr Duma's 'side of the story' in relation to all the matters complained of."
View attachment 28952
Precedent is a bitch
CoMe oN bRo ReAd BeTwEeN tHe LiNeS
TDITD
Top 20
Nellie17
Regular
The poor financial review!
What great journalists they have!
Cheers
Nells x
Ep 01 - AFR fooled - Media Watch
The Australian Financial Review duped by activists targeting clothing brand Adidas.
High Voltage: Robert Friedland says the Congo is 'best place in the world’. AVZ Minerals shareholders probably disagree - Stockhead
AVZ's battles do little to stem investor fears about the risks of operating in Africa, and the grip Chinese interests have on the continent.
High Voltage: Robert Friedland says the Congo is ‘best place in the world’. AVZ Minerals shareholders probably disagree
Mining4 hours ago | Reuben Adams
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- AVZ’ problems compound with cancelation of mining licence decree for Manono lithium project
- Shareholders remain in limbo, with AVZ in suspension since May 2022
- Aussie-based firm Recharge Industries has been named as the preferred bidder for collapsed battery builder Britishvolt
Mining legend Robert Friedland used a recent Ivanhoe Mines call to take a swipe at the ‘African discount’ — commonly applied by analysts on account of the political risks of operating in parts of Africa.
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C$15 billion capped Ivanhoe is now two years into production at the Kamoa-Kakula copper mine in the Democratic Republic of the Congo alongside its JV partner, China’s Zijin.
The largest Tier-1 development in years, the operation is a roughly 400,000tpa copper mine at an industry leading grade of almost 5%.
But not everyone is enjoying the same success in the DRC, ranked third last only ahead of Spain and Zimbabwe on the mining investment attractiveness index released last year by the Fraser Institute in its annual survey of mining companies.
Like AVZ Minerals (ASX:AVZ), which had been plugging away at its world class Manono lithium-tin project in the DRC since 2016 and in 2022, was getting ready to pull the trigger on development.
Manono is objectively a standout lithium project. According to the company, it is:
- the biggest undeveloped deposit in the world
- the second highest grade undeveloped deposit in the world
- in the bottom cost quartile for production globally, and
- in the bottom quartile for greenhouse gas emissions
This is what he said:
“It gets a really bad rap, but I have been operating there since 2004, and had no issues whatsoever,” Ferguson says.
“Yes, there is bureaucracy, but it is Africa, so you deal with it.
“I will say that President Tshisekedi has been cleaning the place up. The business environment is improving. He has been courting a lot of people over in Europe and the US and there are a lot of companies starting to come back into the country.
“BHP are chatting with Robert Friedland, talking about coming back in. Meanwhile, you have the likes of Barrick and AngloGold Ashanti with their $US1.7bn, ~800,000oz Kibali gold mine in the north.
“Friedland’s Ivanhoe Mines has got the massive Kamoa-Kakula copper mine up and running and is now staging it to expand operations. I see it as a country where there is zero risk geologically. You can find big projects there.”
“Zero risk geologically”, maybe.
The first sign of trouble came April last year, when AVZ shares plummeted 57.6% in a matter of weeks from a record $1.33.
The former ASX 200 company was then suspended at 78c in May after it was revealed the aforementioned Zijin Mining had laid claim to a 15% share of the Manono project, which AVZ said it had the right to buy from Congolese State mining company Cominiere.
Separately, one of the JV partners Dathomir, off which AVZ claimed to have bought a 15% stake, reportedly pulled out the deal, something AVZ said it was not able to do.
The upshot is this: Zijin claims AVZ’s stake in Manono, after a planned 24% sale to Chinese battery manufacturer CATH, will come to just 36%, not the 66% AVZ thought it would have.
The project and its stakeholders have been tied up in ongoing arbitration/legal proceedings since then.
Then, another blow. On February 6, AVZ admitted that a mining licence decree announced May last year had been revoked by the DRC Government.
The Australian Financial Review says this announcement to the ASX only came after it sent AVZ the new ministerial decrees, dated January 28, over the weekend.
The embattled company is seeking independent legal advice regarding both Ministerial Decrees dated 28 January 2023, “whilst expediting discussions to clarify the intentions of the competent DRC authorities”.
These hijinks will do little to stem fears from within the investment community about the jurisdictional risk involved in operating in Africa and the grip Chinese business interests have on the continent.
AVZ Minerals share price chart
Aussie firm buys bankrupt battery maker Britishvolt
Aussie-based firm Recharge Industries has been named as the preferred bidder for collapsed battery builder Britishvolt, which entered administration 17 January this year.Britishvolt was building a 30GWh battery ‘Gigaplant’ in Cambois, Northumberland, and had already signed memorandums of understanding [MoU] with five separate OEMs, including Lotus and Aston Martin.
Cumulative customer demand across MoU, JDA and pre-offtake agreements exceeded 8GWh in 2025, Britishvolt said September last year.
Recharge is seperately planning to build a 30GWh battery plant co-located with suppliers – like lithium chemical and cathode/anode production — near Geelong in Victoria.
Fastmarkets NewGen analyst Jordan Roberts says it is perhaps a little surprising Britishvolt has not gone to one of a number of British bidders.
“However, few can have any complaints if it provides the necessary injection to progress into production, vital to securing the future of UK car manufacturing,” he says.
“Recharge’s intentions for the Britishvolt business have not been detailed, but its US ownership and location in Australia, may finally provide the missing pieces of the jigsaw (capital, raw material supply and customers) to get the project off the ground.”
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