Once she's made what fucking decision. Yep decision 1 or2 or what ever they want. That 50mil sure looks cheap but oh no.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Our bod were so much over the situation we'll done boys. I mean 12 year olds. An old broker told me fuck the resource its management that counts. But this resource is so amazing. And I knew better and now mnmmm. Turns there is a place for critical old men in any place in the asx.
Samus
Top 20
Impunity is the fuel that fuels corruption and embezzlement in the DRC. We recall that the credible reports of the IGF attest that there has been theft from ++ projects but until then no one has been punished: Bukangalonzo, covid, Equateur, sud-kivu, Gecamines, sodimico, Cominiere, etc.
Samus
Top 20
Icc arbitration is April, would love to be a fly in that court room.
If DRC / CHINA try to steal what's rightfully ours, then I don't mind forcing Manono into a abandoned baby scenario tied up in courts so nobody gets it........fuck em.
Imo
CashKing
Regular
Wouldn’t put it past these cunts mate !!!Wow we've got the Art of War and a bunch of other wierd concepts, Felix tricking everyone in a mastermove and me and ol' moneybags mentioned in the same breath.......I love it!!
Not any of our team btw…
GLTAH
50 mill how fucken cheep. But
CashKing
Regular
Show me MY money, I’ll buy some more CXO / LRS
ffs I really do pick ‘em……
The Fox
Regular
Love him or hate him, it doesn’t really matter, this guy might be a good candidate for the positionOk whose applying
Personal Assistant Job in West Perth, Perth WA - SEEK
Personal Assistant to the MD & CEOwww.seek.com.au
I like where’s his heads at regarding China. Maybe there’s a board position available he can advance to over time.
Someone in Canberra has to call out the Chinese Government (who controls Zijin of course)
Anyone else? Anyone? Penny are you there?
Former Australian PM Scott Morrison likens west’s ‘appeasement’ of China to Munich agreement with Hitler
Speech in Tokyo draws parallel with pre-second world war agreement, and claims credit for urging others to stand up to Beijing ‘bullying’
Mr Inappropriate
Regular
Onto it. I‘ll write to Penny Wong today.Love him or hate him, it doesn’t really matter, this guy might be a good candidate for the position
Maybe there’s a board position available he can advance to over time.
Someone in Canberra has to call out the Chinese Government (who controls Zijin of course)
Anyone else? Anyone? Penny are you there?
Former Australian PM Scott Morrison likens west’s ‘appeasement’ of China to Munich agreement with Hitler
Speech in Tokyo draws parallel with pre-second world war agreement, and claims credit for urging others to stand up to Beijing ‘bullying’www.theguardian.com
[edit: done. it‘s a good thing I already had content ready to go…]
Last edited:
Bin59
Regular
An article from October 2022 which goes a long way to explaining what we’re seeing with the actions of MoM recently ie the MoP & MoM meetings with the Chinese and the following revocation of our mining decree.
From the article:
“GOMA, DRC — China’s growing investments in the mining sector in the Democratic Republic of Congo (DRC) allow it to demand special treatment.”
“To help protect its interests in the DRC, China seeks guaranteed, unrestricted access to important decision-makers who may advance, safeguard, and even give top priority to Chinese strategic objectives. To build relationships, China reaches out to industry leaders, local governments, the media, and public intellectuals.”
Minerals and China’s Military Assistance in the DR Congo
Beijing’s growing investments in strategic resources in the DRC go hand in hand with increased military assistance intended to secure those assets.
thediplomat.com
From the article:
“GOMA, DRC — China’s growing investments in the mining sector in the Democratic Republic of Congo (DRC) allow it to demand special treatment.”
“To help protect its interests in the DRC, China seeks guaranteed, unrestricted access to important decision-makers who may advance, safeguard, and even give top priority to Chinese strategic objectives. To build relationships, China reaches out to industry leaders, local governments, the media, and public intellectuals.”
Manono lithium certified by Dathcom Mining: the underside of a plot unveiled.
February 16, 2023
0
SHARES
If the recent report of the General Inspectorate of Finance (in the acronym IGF) highlighted the mismanagement and sale of the mining assets of the Cominière Portfolio company by the members of its board of directors, a letter, related documents and three audios reached our editorial staff uncover a plot in the shadows: selling at all costs, and in defiance of the statutes of powerful Simon Cong Mao huai.
It all starts when the Chinese mining company ZijinMINING, through its subsidiary Jin Cheng, tries around November 2021 to acquire Cominière's shares within Dathcom Mining, or 15% of the joint venture's shareholding in November 2021. Zijin and Cominière sign an agreement to assign shares without notifying AVZ International or having given it the opportunity to exercise its right of pre-emption as prescribed by law.
You may also like
In Bagata, Adolphe Muzito brings the message of land securitization
FEBRUARY 16, 2023
The High Representative of the NEXT in the Greater KIVU region, Salomon Kalonda will enlist in his territory.
FEBRUARY 15, 2023Faced with AVZ's refusal to ratify this irregular assignment, Zijin and Cominière are back in charge, no longer frontally but, like a crab, in bias.
In a letter of October 22, 2022 addressed to Cominière with the aim of "prohiring the Manono Lithium Operation Project", Chen Jinghe, Chairman of the Board of Directors of Zijin Mining, made a proposal to his interim counterpart within the Congolese company: do everything possible to acquire the northern portion of the northern concession covered by Dathcom Mining's Operating Permit 13359, a
Mr Jinghe, who describes AVZ International's exercise of its right of pre-emption on any offer to sell by a shareholder as an "abusive use of its majority" informs Cominière of her company's desire to acquire "the northeastern part of PR 13359, the part concerned."
In return, Cominière will be rewarded by receiving 29% of the company's share capital to be created to exploit the coveted portion of the PE 13359.
But the part does not appear to be the simplest: according to the mining code, any portion of a permit to which its holder renounces is first paid into the public domain of the State, it means that any interested person to apply to the Minier Cadastre. And given the lusts that lithium is atonating at the moment and the number of companies that are jostling at the gate of the DRC to get a piece of the cake, it is not certain that the northern portion of PE 13359 will automatically return to Zijin or its subsidiary. For this reason why, the letter, in unequivocal terms, requires Cominière to "be able" to obtain this portion of the concession and the related rights, failing which Zijin will not give back to her the 15% of Dathcom's shareholding that she illegally acquired from Cominière for the pretty sum of US$33.4 million but is unable to claim under Like what, it is never good to put the proverbial plough before the oxen...
As Zijin's letter so eloquently says: "To avoid any ambiguity, it should be specified that if COMINIERE fails to legally and effectively assign the mining right of the Party to the Joint Venture, COMINIERE will not have the right to require JIN CHENG to re-assign 15% of shares in DATHCOM, nor the waiver of the payment it
To tell the truth, Cominière would lose everything and find herself in debt to the tune of $33.4 million, a sum that this company, poorly managed and without any income, would have all the trouble in the world to repay.
We therefore understand all the despair of Cominière whose senior management, as demonstrated by the IGF report, has already squandered part of the amount paid to her, and that she is already unable to repay a distressed Zijin who has been promised the moon to receive only lead. We also understand Zijin's peremptory PCA tone and the orders to the Cominière Board of Directors to which she addresses as vulgar obedient and submissive laquais. Who hastened to put pressure on a Minister of Mines who granted them a Ministerial Order reporting PE 13359.
As the IGF report so well details, Cominière perfectly illustrates the disastrous management of Portfolio companies and how they collude with many foreign companies to plunder and sell the natural resources that are automatically given to the Congolese.
(File to follow)
By Mupungila Malu, Congo Nouveau and Leader.
Carlos Danger
Top 20
Manono lithium certified by Dathcom Mining: the underside of a plot unveiled.
by bayetayunus
February 16, 2023
0
SHARES
If the recent report of the General Inspectorate of Finance (in the acronym IGF) highlighted the mismanagement and sale of the mining assets of the Cominière Portfolio company by the members of its board of directors, a letter, related documents and three audios reached our editorial staff uncover a plot in the shadows: selling at all costs, and in defiance of the statutes of powerful Simon Cong Mao huai.
It all starts when the Chinese mining company ZijinMINING, through its subsidiary Jin Cheng, tries around November 2021 to acquire Cominière's shares within Dathcom Mining, or 15% of the joint venture's shareholding in November 2021. Zijin and Cominière sign an agreement to assign shares without notifying AVZ International or having given it the opportunity to exercise its right of pre-emption as prescribed by law.
You may also like
In Bagata, Adolphe Muzito brings the message of land securitization
FEBRUARY 16, 2023
The High Representative of the NEXT in the Greater KIVU region, Salomon Kalonda will enlist in his territory.
FEBRUARY 15, 2023
Faced with AVZ's refusal to ratify this irregular assignment, Zijin and Cominière are back in charge, no longer frontally but, like a crab, in bias.
In a letter of October 22, 2022 addressed to Cominière with the aim of "prohiring the Manono Lithium Operation Project", Chen Jinghe, Chairman of the Board of Directors of Zijin Mining, made a proposal to his interim counterpart within the Congolese company: do everything possible to acquire the northern portion of the northern concession covered by Dathcom Mining's Operating Permit 13359, a
Mr Jinghe, who describes AVZ International's exercise of its right of pre-emption on any offer to sell by a shareholder as an "abusive use of its majority" informs Cominière of her company's desire to acquire "the northeastern part of PR 13359, the part concerned."
In return, Cominière will be rewarded by receiving 29% of the company's share capital to be created to exploit the coveted portion of the PE 13359.
But the part does not appear to be the simplest: according to the mining code, any portion of a permit to which its holder renounces is first paid into the public domain of the State, it means that any interested person to apply to the Minier Cadastre. And given the lusts that lithium is atonating at the moment and the number of companies that are jostling at the gate of the DRC to get a piece of the cake, it is not certain that the northern portion of PE 13359 will automatically return to Zijin or its subsidiary. For this reason why, the letter, in unequivocal terms, requires Cominière to "be able" to obtain this portion of the concession and the related rights, failing which Zijin will not give back to her the 15% of Dathcom's shareholding that she illegally acquired from Cominière for the pretty sum of US$33.4 million but is unable to claim under Like what, it is never good to put the proverbial plough before the oxen...
As Zijin's letter so eloquently says: "To avoid any ambiguity, it should be specified that if COMINIERE fails to legally and effectively assign the mining right of the Party to the Joint Venture, COMINIERE will not have the right to require JIN CHENG to re-assign 15% of shares in DATHCOM, nor the waiver of the payment it
To tell the truth, Cominière would lose everything and find herself in debt to the tune of $33.4 million, a sum that this company, poorly managed and without any income, would have all the trouble in the world to repay.
We therefore understand all the despair of Cominière whose senior management, as demonstrated by the IGF report, has already squandered part of the amount paid to her, and that she is already unable to repay a distressed Zijin who has been promised the moon to receive only lead. We also understand Zijin's peremptory PCA tone and the orders to the Cominière Board of Directors to which she addresses as vulgar obedient and submissive laquais. Who hastened to put pressure on a Minister of Mines who granted them a Ministerial Order reporting PE 13359.
As the IGF report so well details, Cominière perfectly illustrates the disastrous management of Portfolio companies and how they collude with many foreign companies to plunder and sell the natural resources that are automatically given to the Congolese.
(File to follow)
By Mupungila Malu, Congo Nouveau and Leader.
I assume the local workforce will need someone to clean the toilets in those workers houses? Maybe that would be a good place for zijin?
MoneyBags1348
Top 20
An article from October 2022 which goes a long way to explaining what we’re seeing with the actions of MoM recently ie the MoP & MoM meetings with the Chinese and the following revocation of our mining decree.
Minerals and China’s Military Assistance in the DR Congo
Beijing’s growing investments in strategic resources in the DRC go hand in hand with increased military assistance intended to secure those assets.thediplomat.com
From the article:
“GOMA, DRC — China’s growing investments in the mining sector in the Democratic Republic of Congo (DRC) allow it to demand special treatment.”
“To help protect its interests in the DRC, China seeks guaranteed, unrestricted access to important decision-makers who may advance, safeguard, and even give top priority to Chinese strategic objectives. To build relationships, China reaches out to industry leaders, local governments, the media, and public intellectuals.”
Another one of many articles linking Prime Minister Jean Felix Sama Lukonde Kyenge and other ministers to China
Attachments
Just thinking outside the box, it appears assigning the northeastern part of PR 13359 to Zijin is not as easy as they have originally thought. We know that AJN is also after it, it seems there are two strong political forces behind each party fighting against each other. So far after 9 months, none of the two parties have secured their license. Even if one party does, it can still subject the DRC to international arbitration as the split was done against the mining code and under false pretenses. I am sure Nigel would have correspondences to back him up. Due to the urgency of this project, the MoM have no choice but to cancel the split and then approve the license as a whole.
MoneyBags1348
Top 20
WELCOME TO THE
DEMOCRATIC REPUBLIC OF CORRUPTION
DON'T FORGET TO BOOK YOUR SEAT AT THE JUNE & SEPTEMBER MINING WEEK EVENTS WITH THE VUKA GROUP
DEMOCRATIC REPUBLIC OF CORRUPTION
DON'T FORGET TO BOOK YOUR SEAT AT THE JUNE & SEPTEMBER MINING WEEK EVENTS WITH THE VUKA GROUP
Over the last 6 years in the DRC, AVZ Minerals has 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….
Now the Democratic Republic of Congo’s Minister of Mines follows the path of the Minister of Portfolio and Director General of the Mining Cadastre (CAMI) to conspire with the mining companies' Cominiere and Zigin, to steal the Mining License after all the work AVZ has carried out over the last 6 years.... Remember this when investing in mining in Africa
Last edited:
Spikerama
Regular
Sorry peeps my calculations and code were incorrect so I have made some adjustments that makes the counter work off the start date of May 11, 2022 (initial suspension date). So now it adds 300K per day from that date and it will continue to do so until I stop it.
So now every time you look at it, it will be updating in real time.
I'm fixing the French version now. And with the help of my Ben evolent Guardian, we are looking into making it display at least a static image on twitter but don't hold your breath because I have no idea what he's trying to explain to me. Haha!
So now every time you look at it, it will be updating in real time.
DRC Lost Revenue Counter
Calculates the amount of revenue the DRC has forfeited since issuing Decree for AVZ / Manono mining licence
english-drcmanonotaxlosscounter.netlify.app
I'm fixing the French version now. And with the help of my Ben evolent Guardian, we are looking into making it display at least a static image on twitter but don't hold your breath because I have no idea what he's trying to explain to me. Haha!
Carlos Danger
Top 20
Nigel doesn't consider the partition to be illegal according to his letter to the MoM. The overall point of his letter is that of the acquired rights and survival of the initial decrees because the new ones are illegal and based on political decisions rather than the law.
It would seem that Nigel shares the same suspicions of the DRC government's intent on this matter based on the reasoning in the new decrees that I raised here last weekend.
Spikerama
Regular
Here's the French one. And by the way if you have Google translate active you wont see it in French. You would need to Go to google settings / languages / and switch off Google Translate to view it.
Revenus manqués en RDC
Calcule quotidiennement le revenu que la RDC a perdu depuis l'émission du décret pour la licence minière AVZ/Manono
french-drcmanonotaxlosscounter.netlify.app
Similar threads
