AVZ Discussion 2022

BEISHA

Top 20
BHP have recently stated they are looking to invest in the DRC. I read it a few days ago, but have forgotten the link as I am more focused on exposing Zigin now. @Frank has previously posted information related to Zigin's illegal activities and I'm sure he will read this and let me know the links again.... Sorry for loosing them Frank!

It's hilarious to see poor tommy backpedaling and scrambling to defend himself after also being exposed for his misleading and deceptive articles and now facing legal prosecutions from AVZ, Marius Mahigi and other stakeholders.

If it wasn't blatant deception it would be a joke the lengths he has gone to manipulate investors against AVZ including his recent AFR article showing a group of protestors in North Kivu protesting a completely unrelated matter....

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@BEISHA it takes a long time to get rid of corrupt ministers in government. Here in NSW it has taken years to successfully prosecute and jail corrupt State Ministers, and if you look Federally, even fucken Scotty from Marketing still holds his ministerial seat and his own party wouldn't even censure him after he took several of his minister's portfolio's (without anyone except the governor general knowing) and cancelled projects under those portfolio's. Possibly our most corrupt Prime Minister ever and still in office as a minister.... Should be the Minister of Lies and Deception.

Imagine how many companies would be scrambling for Manono and what price they would pay if the country can rid itself of corruption including corruption from companies like Zigin Mining
"@BEISHA it takes a long time to get rid of corrupt ministers in government. Here in NSW it has taken years to successfully prosecute and jail corrupt State Ministers, and if you look Federally, even fucken Scotty from Marketing still holds his ministerial seat and his own party wouldn't even censure him after he took several of his minister's portfolio's (without anyone except the governor general knowing) and cancelled projects under those portfolio's. Possibly our most corrupt Prime Minister ever and still in office as a minister.... Should be the Minister of Lies and Deception.

Imagine how many companies would be scrambling for Manono and what price they would pay if the country can rid itself of corruption including corruption from companies like Zigin Mining "



Yep no arguments from me there, Rome certainly wasnt built in a day and i am certainly empathetic to the mountain of cesspool sloth Felix has to wade thru in the way of corruption, but if you want to create change and you publically state so , then you better back up your words with ACTION in some way or form...........step by step.

Great leaders make tough decisions for the betterment of their country and people, it starts with choosing your cabinet ministers that share the same goals and have your back, then its all about rolling up your sleeves and implementing systems to achieve those goals, step by step, brick by brick .........from the early stages of governance and beyond.

Unfortunately, Felix doesnt fall under the category of a great leader, not even close, in 3+ yrs he has achieved nothing imo, not struck a blow, his words not followed by action, not even a step or laid a brick from my lense, instead he has chosen to travel the world, seminar upon seminar, preaching the gospel that DRC is the destination place for international investment at great expense to the public coffers, but in the back drop, he has multiple corrupt ministers in cohoots with corrupt chinese actors who have no respect, just focused on rape and pillaging govt finances and mineral tenements for self gain.

Whilst Felix spruiks to the world how great DRC is........... AVZ is being held ransom / road blocked for 9 months as punishment for proving up the worlds largest hard rock spodumene project by a country mile by the book , with that project alone having the ability to transform DRC wealth , thus improving impoverished folks lives in the process

Yet, Felix continues to sit on his hands , even tho the evidence of corruption from his own ministers stares him in the face from multiple sources ......all this continues whilst he is in the last year of his term, when you would think he would be making "every post a winner "............so to speak.

In my opinion, Felix is actually worse than Kabila, cause at least the common folk knew where they stood with Kabila, with Felix, he promised some hope, dangled a carrot, then lacked the balls to deliver............cruel.

Of course its not too late for FT to lay a brick, to provide a pillar in which to create a platform for anti corruption, simply extinguish/ prosecute the corrupt forces within his cabinet and follow the IGF report and award AVZ the ML and tell the corrupt chinese actors to go FUCK themselves.........bearing in mind , China need DRC more than DRC needs China, with that attitude, he may just give the international community some confidence to enter the DRC arena and offset any financial shortfall that may arise if China cracks the shits and demands their " belt and road entrapment loans " get paid out ASAP.

In the meanwhile, AVZ gets on with the job of providing the pillars / foundations for construction of RD , which in turn provides the foundation for DRC wealth, which in turn provides the foundations for more prosperity to the common folk, which in turn MIGHT provide the foundation for FT re election.

One step leads to another.

Its that farken simple if you think about !!



Just my opinion.
 
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Frank

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Chinese contracts: the IGF shouts at the sell-off of the country's mining resources and reveals the mafia network!

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What everyone feared in what has since been called "Chinese Contracts" has just come true.


A report by the General Inspectorate of Finance, IGF, highlights that the Republic has sold off its resources in its contracts concluded under Kabila.

In fact, not having fresh capital to boost the development of the country, the regime had entered into a partnership with Chinese companies, in particular for the construction of basic infrastructure against the exploitation of deposits used for this purpose.

A joint venture had been created, SICOMINE to manage the interests of two parties.

Only then, after several years of implementation of this contract and exploitation of Congolese resources, the General Inspectorate of Finance comes to the conclusion that the resources of the Republic have been sold off and squandered against minimal achievements.

In the IGF report, the Chinese side has already exploited mineral resources worth 10 billion US dollars while the infrastructure built in return is valued at around 800 million dollars only and its impact is not visible.

To do this, the IGF simply recommends revisiting them.

"It is a question that the agency responsible for monitoring this program can begin a process that will lead to the revisiting of this agreement.

The glaring imbalance that has been observed, the selling off, the squandering of our minerals observed in this contract has been also the work of many misguided sons of our country who have accompanied Chinese companies in this macabre work against our country.

So now, by the will of His Excellency the President of the Republic, Head of State, the process is set in motion through the agency so that there is a rebalancing of the gains, advantages and charges in this agreement.


The DRC has made deposits available to the convention; deposits whose value is estimated at more than 90 billion USD.

Regarding the constitution of the company Sicomines, the DRC only had 32% of the shares while the Chinese part monopolized 68% for an undervalued capital of 100 million USD.

On the other hand, in the operation of this agreement, Chinese companies have already received a gain estimated at nearly 10 billion USD, while the DRC has only benefited from 822 million in terms of infrastructure.

Will it be necessary in the 822 million that we enter in depth to realize that there is no visibility of these 822 million", denounced Jules Alingete, inspector general, head of service of the IGF.

To convince us of the correctness of its argument, Alingete cites the example of the Cinquantenaire hospital, which is found in infrastructures of the order of 114 million USD when everyone knows that this hospital already existed and that it it was just a finalization that was done.

mediacongo


*To Remind,

RDC #!#.png
 
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Samus

Top 20
Need to wait and see . We have no info on her intentions . Nigel has politely reminded her of the DCR industry Laws in the mean time just in case her intentions are immoral . I'm expecting the ML for Roche Dure at a minimum.
:unsure:
 
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Onthefm

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I'm guessing AVZ will be trading again soon . Once the MoM decides which way this will go and who gets what it's game on regardless of the outcome . Once there is no uncertainty over the mining and exploration rights we have to trade . Manono is a big ticket item on the road to re-election I would imagine . MoM said it's a matter of urgency to have it sorted. AVZ cannot stay suspended once she's made a decision . imo
Once she's made what fucking decision. Yep decision 1 or2 or what ever they want. That 50mil sure looks cheap but oh no.
 

Onthefm

Regular
Once she's made what fucking decision. Yep decision 1 or2 or what ever they want. That 50mil sure looks cheap but oh no.
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.
Screenshot_20230217_003108_Google.jpg
 
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Samus

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BEISHA

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"IF" they are going to f--k us we have to go hard. Start legal action immediately and shout it to the World .
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
 
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CashKing

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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!! :ROFLMAO:;)
Wouldn’t put it past these cunts mate !!!

Not any of our team btw…

GLTAH
 

Onthefm

Regular
Wouldn’t put it past these cunts mate !!!

Not any of our team btw…

GLTAH
50 mill how fucken cheep. But
 
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CashKing

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The Fox

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Ok whose applying
Love him or hate him, it doesn’t really matter, this guy might be a good candidate for the position 😁 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? 🦊


 
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Love him or hate him, it doesn’t really matter, this guy might be a good candidate for the position 😁 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? 🦊


Onto it. I‘ll write to Penny Wong today.

[edit: done. it‘s a good thing I already had content ready to go…]
 
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Bin59

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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.”
 
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Charbella

Regular

Manono lithium certified by Dathcom Mining: the underside of a plot unveiled.

bayetayunus
by bayetayunus
February 16, 2023

Manono Lithium: Civil society organizations denounce a freeze on the Dathcom Mining Operating Permit notification
0
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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.

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In Bagata, Adolphe Muzito brings the message of land securitization

In Bagata, Adolphe Muzito brings the message of land securitization

FEBRUARY 16, 2023
Salomon Kalonda, the Special and Political Advisor of Katumbi, arrived this Monday in Kindu, Maniema province.

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.
 
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Manono lithium certified by Dathcom Mining: the underside of a plot unveiled.

bayetayunus
by bayetayunus
February 16, 2023

Manono Lithium: Civil society organizations denounce a freeze on the Dathcom Mining Operating Permit notification
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

In Bagata, Adolphe Muzito brings the message of land securitization

FEBRUARY 16, 2023
Salomon Kalonda, the Special and Political Advisor of Katumbi, arrived this Monday in Kindu, Maniema province.

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.
🤔
20230217_083439.jpg
 
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JNRB

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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.”

Another one of many articles linking Prime Minister Jean Felix Sama Lukonde Kyenge and other ministers to China
 

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Charbella

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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.
 
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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



1675640893043.png


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


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