At the heart of the battle for control of Manono lithium by China in the Democratic Republic of Congo:
February 19, 2023 Jeef Kazadi
- What does the Chinese company Zijin actually want from the Congolese Cominière SA and Dathcom Mining?
- Who are the key players in a hostile takeover that looks like a toxic robbery? Decryption
(By Simon Bofunga, Jeef Kazadi, Ben Khaya)
China first, Congolese people ignored
As in the copper, cobalt and zinc sector of the Democratic Republic of Congo (DRC) where this Chinese company is at
Kamoa-Kakula and Kipushi Company with Ivanhoe Mines, at Compagnie
Minière de Musonoie with Gécamines as well as other Chinese GEC who control the industrial copper and cobalt of the country at
Sicomines (Chinese Contract or Contract Mines against Infrastructures) and block the General Company of Cobalt to continue to also control copper and cobalt crafts, by the Chinese from Kolwezi called
''SOLEIL'' (he is reputed to be the true king of mining crafts and casions in upper Katanga and Lualaba, according to LICOCO which carried out a survey in the two provinces with
the Presidential Anti-Corruption Agency– APLC for at least six months), with Congolese accomplices who are members of the institutions of the Republic, Zijin who never invests in mining exploration and research, like any good Chinese in Africa, but excels in violations of laws and of human rights in China and in host countries, wants to help China get its hands on Manono's lithium thanks to Congolese service and non-patriots interested in the illicit enrichment facilitated by the famous Chinese of the country.
From Perth to Manono: Max Pro 1.0 remake of the battle for control of KML at KCC
After failing to buy several stock shares of AVZ on the Australian Stock Exchange in Perth and after failing to pressure other shareholder Chinese companies (
Huayou and CATHL ) to enter the shareholding of
Dathcom Mining by irregularly buying shares of
Cominière SA to control the largest lithium deposit in the world thanks to the vigilance of the Australian stock market regulator – AVZ has more than 21,000 shareholders from several nationalities and continents including Americans, Australians, Europeans, Chinese, etc. .-, and after having failed in its attempt to directly buy 15% of
Cominière SA in
Dathcom Mining SA thanks to the right of first refusal of
AVZ Minerals which would ultimately benefit the Republic and
Cominière SA if the accounts of the shares are well done without emotions, Zijin has decided to proceed with its malicious and toxic offer, which is in reality a criminal OPA (Public Takeover Offer) and policy supported by politicians including the Chinese ambassador in Kinshasa, the Minister of the Portfolio Adèle Kayinda in collusion with some political dignitaries who have been members of the Union for the Congolese Nation since 2021 known to all those who are interested in the file, reminding insiders of that which
Glencore made against the
Forrest Group for the control of
Katanga Mining Limited and
Kamoto Copper Company(KCC of Kolwezi) almost fifteen years ago with the support of politicians who considered themselves strong men of the regime if not immortal untouchable demiurges.
Klaus Eckoff's 2020 AJN Resources skirmish at Sokimo
However, Zijin 's takeover is more like a robbery against the mining assets of
First Quantum Minerals (FQM) by a third party with the help of politicians and technicians from the companies concerned and the mining cadastre.
Some official actors in the administration of mines have not changed heads and methods, although a similar takeover bid by the German and Canadian company
AJN Resources of Klaus Eckoff failed in 2020, on the assets of
Sokimo to raise 20 million Canadian dollars, thanks to the decisive vigilance of the NGOs and media members of the
"TOUS POUR LA RDC" coalition , which had welcomed the salutary and patriotic decision of the Head of State Félix Antoine Tshisekedi taken thanks to the explanations of some ministers of the time (Ilunga Ilukamba Government) including Mr. Lite, Mwabilu, Kambinga and Kabanda while those of the mines, Kitobo and Portfolio, Kwete did not play fair and had an ambiguous attitude.
The United States of America and Canada opposed to Chinese control of the lithium supply chain since 2022
Indeed, allowing
Zijin to succeed in its takeover bid for Cominière SA 's 15% stake in
Dathcom Mining for 33.4 million US dollars despite the denunciations of the IGF or giving it the northern part of Dathcom Mining 's operating license as says a so-called
“confidential” document with content published by Congolese media including
EcoNews ,
Sphynx.cdand others means undermining the efforts of the President of the Republic Félix-Antoine Tshisekedi against corruption, the selling off of mining assets and the cleaning up of the sector according to his vision; but it is above all to oppose the government of the Republic and President Tshisekedi to the American administration and the Canadian government which do not want China to control critical minerals, mainly lithium and rare earths, and strategic after cobalt and the copper.
La
Cominière SA and all official supporters of
Zijin must thoroughly research the Executive Order signed in 2022 by US President Biden and the measures taken by the Canadian government of Trudeau against Chinese and Chinese-invested companies in this regard and avoid put Westerners on the back of the President of the Republic who is doing a remarkable job in the mining sector.
All official members of the parliamentary and government coalition must avoid repeating against Félix-Antoine Tshisekedi what the late Katumba band (some are still in post at strategic services of the Ministry of Mines) had done at First Quantum Minerals (FQM
) and at
Kamoto Copper Company (KCC) by putting on the back of Joseph Kabila in 2009-2010 Canadians and Europeans on the eve of the general elections in the country. We must not repeat the evil, especially in the strategic lithium sector for the benefit of China (through
Zijin , reputed to be a great violator of laws and human rights in Kolwezi and elsewhere) which already controls more than 90% of the copper and cobalt of the DRC by
Sicomines, TFM, Kamoa, Compagnie Minière de Musonoie, Ruashi Mining, AMC Kinsevere, Huachin Mabenda, etc.
Who are the key players in Zijin's lithium heist of Manono, Dathcom Mining and AVZ Minerals?
The question seems banal or vulgar but it is rather important, fundamental. The answer to this helps to understand everything that is happening in easy French for dummies in the mining sector of the DRC and the geostrategic stakes, because the actors of what looks like a game of chess or the
Stratego otherwise who loses wins are recruited in several circles, in several places. After investigations, cross-checking of data and testimonies, analysis of various documents, the rest of our publications look into it.
As a reminder, history will remember that on May 20, 2022, the international media
Citya.m was already talking
about '' a Chinese plot to take control of the Congolese lithium mine '' .
This media affirmed in its publication with premonitory paces this:
"A plot by a coalition of powerful Chinese battery makers to take control of the world's largest lithium mine is threatening to depress the share price of Australian mining company AVZ Minerals, it said. a mysterious short seller.
AVZ Minerals could lose control of the Manono lithium mine in the Democratic Republic of Congo (DRC) and end up with a minority stake of 36%…, if a plot led by Chinese businessman Simon Cong succeeds, has said Boatman Capital Research in a new report.
The report comes amid a battle for control of the DRC mine between AVZ Minerals and Chinese miner Zijin Mining, which has seen AVZ voluntarily suspend trading of its own shares on the Australian Stock Exchange.
In its new report, Boatman Capital Research claims that AVZ is ''deliberately ousted from the Manono project''…''
Simon Congo is the Chinese called Cong Mao Huai, known as the owner of
Fleuve-Congo Hotel in Kinshasa; owner or manager of SOPECO which manages the main tolls in the DRC; headliner of Dathomir (shareholder with Guy Loando Mboyo's family in
Dathcom Mining ) denounced in the IGF report on
Cominière SA ; headliner of mining companies
HongKong Excellen Mining Investment Congo and
HongKong Yisen (in which the name of Guy Loando was among the shareholders according to the documents consulted by the investigators), having benefited in an irregular and mysterious way from the mining permits of
Dathcom Mining according to reports from
the General Inspectorate of Finance (IGF) from 2022 and the
Superior Council of the Portfolio from 2021, and other mining and various operational companies in the Democratic Republic of Congo. File to follow, file to read.
(A survey conducted by NGOs and Congolese Civil Society Platforms CDH, CERN/CENCO, ESPOIR ONGD, JUSTICIA, MAX IMPACT, LICOCO, POM, RCEN, RND, TPAMC, TOUS POUR LA RDC and the media Congo Nouveau, Leaders, MNM who follow the Cominière Dossier and Dathcom Mining)
Que veut en réalité l’entreprise chinoise Zijin chez la congolaise Cominière SA et chez Dathcom Mining
leaders.lu
!!! WTF HEY…
)
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…suppose for Nige baby too spend a few more weeks in Australia for his 60th …but where are they NOW …where’s our Leadership /accountability …Sorry for being SO negative thats why i dont post that much …also having too go back to work at 62
