AVZ Discussion 2022

[Bonsoir]

Felix is given proof and does nothing . Zijin admit wrong doing (15% ) but still taking us to the ICC . There is a pattern here . Maybe they were hoping we would just drop off or give in . They now have a choice to give us what is rightfully ours or something we agree too in negotiations OR be exposed on the World Stage as a nation that continues it's corruption at the highest level and cannot be trusted .

Social media great for exposing corrupt dealings, china and corrupt drc officials must hate it.

In the past it was news papers if they weren’t corrupt also now it’s instant exposure to the world, this is what will happen to Felix and his government if he tries to ignore AVZ and the DRC people.

 

[Peterg]

I hope you all have wrote a message to the minister of mines and the president.

I have send a email to jules alingete (IGF) too a few moments ago.

the contact formular:

https://igf.gouv.cd/denoncer

but here the email too: contact@igf.gouv.cd


I have send it both ways. You all are welcome to join me! =)

Just wanted to know if you have received a email back?

 

[marksmann007]

What gets overlooked sometimes is AVZ holders aren’t anti Chinese.
Just the thieving corrupt arrogant ones with no legal entitlement to the project attempting to muscle in with snacks like Zigin.
Huayou, Yibin, CATH and other Chinese interests all continue to have a legal holding as the project progresses.
China doesn’t miss out!!
If we had high level DRC government support this would be a walk in the park.

 

[Funtimes1]

Felix is given proof and does nothing . Zijin admit wrong doing (15% ) but still taking us to the ICC . There is a pattern here . Maybe they were hoping we would just drop off or give in . They now have a choice to give us what is rightfully ours or something we agree too in negotiations OR be exposed on the World Stage as a nation that continues it's corruption at the highest level and cannot be trusted .

If you look at this situation from within DRC Gov , they would be pleading Zinjin to make a TO bid that's reasonable. It's the only way , all parties can save face and this goes to mine for DRC in a short time frame. Many would say AVZ BOD would loose face , but would they (?) at an offer above 1.50? It's getting very murky waters and someone or someones have something on Felix or his playing chess with the elections coming up. Either way a TO the cleanest way to put this to bed.

 

[obe wan]

View attachment 29844

Ties up with the timeline of the zijin letter to cominiere, but obviously they’ve been unable to wrap it up and the 60 days of the original offer has expired...but an extended offer has probably been issued

As per the article @Charbella posted earlier this morning - “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.”

So if 13359 is split, it goes back to CAMI first....Zijin would technically need to apply and they would likely be competiting against other applicants; along side, no doubt, Mupandes mates AJN even with a bank balance of sub $1m ....id also assume some other big players will have been sniffing around trying to suss out the situation to see if there is now an avenue open to submit and application and mine it themselves....and even if AJN did snag it , AJN would probably flog it on for a few hundred million in any case ; so to prevent any of that, zijin have probably thought that they need to keep 13359 as one and they’ll try work out something whereby ( whilst trying to slips under the mining code without making too much noise ) , they get to take a chunk of Manono without having it reissued and becoming open season with best in best dressed for the North...

its difficult to see how they can take north without having it split and going back to cami.....but they’ve likely been behind the wavering of the decree ; the excuse issued within the wavering was basically ‘need to knock out the conflict between shareholder’.. The comment from Tommy fluteheads article, where Ms Chen Chen from Zijins Legal council basically says, that AVZ should communicate with the other shareholders, suggests that zijin probably expected AVZ to start to hyperventilate, thinking that all is nearly lost and be pressured into negotiation with leverage being increased on Zijins side with wording ‘urgency’ for a decision to be made...'paralysis of project..'.

I had heard that AVZ had appealed straight away after receipt of the decree wavering, but thought ye nah probably untrue, then the response to MoM which only popped up on Twitter this week had me thinking that they just of only responded this week, until I seen the date on the original letter posted here, which verified that AVZ were on the ball with their appeal ; so even though everyone was losing their minds and thinking how would she react to such a letter...we’ll that letter was opened and read by MoM near two weeks prior .

AVZ response which was legally very to the point, is something id say Zijin were either not expecting or hoping AVZ would just rush to the table to negotiate.

ICC is coming up in April, I don't think Zijin will want to get to those steps ; they know that negotiating with AVZ would be highly unlikely now and with the whole tenement now under 13359 things are maybe more in AVZs favour ; albeit AVZ currently don't have a decree, but which AVZ have now given legal reason, as to why the decrees should not be waivered which probably gave MoM a holy fuck moment

So what happens now, has Zijin realized that cancelling the split and trying to negotiate is not the best avenue to try and capture the north or the 15%.....MoM will be feeling the heat also considering she cancelled without following the code.. does it suit them to run with plan xyz, get MoM to cancel the waiver (it pulls her somewhat out of the fire) and reissue the decrees , as they were and try and do a deal with Mupande with regard to applications and so either they go as a 100% applicant or maybe use cominiere or AJN pick it up and run with it that way, with some sort of JV?

I cant see Zijin being successful in ICC for the 15%, unless they manage to brown bag...i doubt they want to go there(ICC). The only I can see this working in Zijins favour is reissuing of the decrees and trying organise something with cami ; I assume the decrees be reissued and MoM hanging onto the comments in AVZ appeal letter, that AVZ didn't consider the partitioning to be illegal and just reissuing under those same conditions or could AVZ get lucky here and Felix deciding that the decrees have been cancelled and one decree announced to cover Exploitation across the tenement in compliance with the mining code and all the dirt washed off in one wipe....but maybe Felix is happy enough behind closed doors, to let it roll with the split and run some of the big hitters into the north

The greed and lust for Manono ; all just highlights the importance of the resource

 

[obe wan]

From memory at the RS/AMG Nigel didn't appeared too worried about Nth/CDL ? Something about too much mica and Roche Dure being the main prize ? Something about AJN being none of share holder's business ? Are Zijin , Klaus(ajn) , Cong (dathomir) , Cominiere ,Corrupt DRC Ministers/ officials playing on the same team ? So many questions

I reckon that was bullshite and just stating 'higher mica', in order to try and get shareholders thinking that the north didn't really matter because it was full of impurities. The data provided from sampling in carrier back a few years ago now, was showing impressive figures and mica wasn't an issue

 

[Carlos Danger]

Ties up with the timeline of the zijin letter to cominiere, but obviously they’ve been unable to wrap it up and the 60 days of the original offer has expired...but an extended offer has probably been issued

As per the article @Charbella posted earlier this morning - “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.”

So if 13359 is split, it goes back to CAMI first....Zijin would technically need to apply and they would likely be competiting against other applicants; along side, no doubt, Mupandes mates AJN even with have less than $1m in their bank account ....id also assume some other big players will have been sniffing around trying to suss out the situation to see if there is now an avenue open to submit and application and mine it themselves....and even if AJN did snag it , AJN would probably flog it on for a few hundred million in any case ; so to prevent any of that, zijin have probably thought that they need to keep 13359 ,as one and they’ll try work out something whereby ( whilst trying to slips under the mining code without making to much noise ) , they get to take a chunk of Manono without having it reissued and become open season best in best dressed for the North...

its difficult to see how they can take north without having it split and going back to cami.....but they’ve likely been behind the waviering of the decree ; the excuse issued within the waivering was basically ‘need to knock out the conflict between shareholder’.. The comment from Tommy fluteheads article where Ms Chen Chen from Zijins Legal council basically says, that AVZ should communicate with the other shareholders, suggests that zijin probably expected AVZ to start to hyperventilate, thinking that all is nearly lost and be pressured into negotiation with leverage being increased on Zijins side with ‘urgency’ for a decision to be made.

I had heard that AVZ had appealed straight away after receipt of the decree waivering, but thought ye nah probably untrue, then the response to MoM which only popped up on Twitter this week had me thinking that they just of only responded this week until I seen the date on the original letter posted here, which verified that AVZ were on the ball with their appeal ; so even though everyone was losing their minds and thinking how would she react to such a letter...we’ll that letter was opened and read by MoM near two weeks prior .

AVZ response which was legally very to the point is something is say Zijin were either not expecting or hoping AVZ would just rush to the table to negotiate.

ICC is coming up in April, I don't think Zijin will want to get to those steps ; they know that negotiating with AVZ would be highly unlikely now and with the whole tenement now under 13359 things , maybe more in AVZs favour ; albeit AVZ currently don't have a decree, but which AVZ have now given reason, as to why the decrees should not be waivered..

So what happens now, has Zijin realised that cancelling the split and trying to negotiate is not the best avenue to try and capture the north or the 15%.....MoM will be feeling the heat also considering she cancelled without following the code..does it suit them to run with plan xyz, get MoM to cancel the waiver and reissue the decrees as was and try and do a deal with Mupande with regard to applications and so either they got 100% applicant or maybe use cominiere or AJN pick it up and run with it that way with some sort of JV?

I cant see Zijin being successful in ICC for the 15%, unless they manage to brown bag...i doubt they want to go there(ICC). The only I can see this working in Zijins favour is reissuing of the decrees and trying organise something with cami ; I assume the decrees be reissued and MoM hanging onto the comments that AVZ didn't consider the partitioning to be illegal and just reading under those same conditions or could AVZ get lucky here and Felix deciding that the decrees have been cancelled and one decree announced cover Exploitation across the tenement in compliance with the mining code and all the dirt washed off in one wipe....nut maybe Felix happen enough to let it roll with the split and run some of the big hitters into the north

The greed and lust for Manono ; all just highlights the importance of the resource

Amazing post mate. Pretty much sums up the situation as I see it. One other thing worth mentioning was in the interview Klaus did a few weeks ago he mentioned Dathcom originally applied for the north through CAMI but then withdrew their application which he was 'surprised about'. Not sure if he was talking shit or not but that would be a weird thing for him to just make up.

The reasoning in the new decrees indicate to me that Cominiere have accepted the offer from Zijin. And the implications on the state that has caused is why the MoM has done this. So if AVZ played along we would be given the choice of giving up the north or accepting Zijin having 15% of Dathcom as per their offer to Cominiere.

And that's why Nigel has responded with, and I'm paraphrasing here, 'Nah get fucked cunts you're just making shit up the initial decrees still stand according to the mining code'

 

[Sparrowhawk12]

Ties up with the timeline of the zijin letter to cominiere, but obviously they’ve been unable to wrap it up and the 60 days of the original offer has expired...but an extended offer has probably been issued

As per the article @Charbella posted earlier this morning - “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.”

So if 13359 is split, it goes back to CAMI first....Zijin would technically need to apply and they would likely be competiting against other applicants; along side, no doubt, Mupandes mates AJN even with a bank balance of sub $1m ....id also assume some other big players will have been sniffing around trying to suss out the situation to see if there is now an avenue open to submit and application and mine it themselves....and even if AJN did snag it , AJN would probably flog it on for a few hundred million in any case ; so to prevent any of that, zijin have probably thought that they need to keep 13359 as one and they’ll try work out something whereby ( whilst trying to slips under the mining code without making too much noise ) , they get to take a chunk of Manono without having it reissued and becoming open season with best in best dressed for the North...

its difficult to see how they can take north without having it split and going back to cami.....but they’ve likely been behind the wavering of the decree ; the excuse issued within the wavering was basically ‘need to knock out the conflict between shareholder’.. The comment from Tommy fluteheads article, where Ms Chen Chen from Zijins Legal council basically says, that AVZ should communicate with the other shareholders, suggests that zijin probably expected AVZ to start to hyperventilate, thinking that all is nearly lost and be pressured into negotiation with leverage being increased on Zijins side with wording ‘urgency’ for a decision to be made...'paralysis of project..'.

I had heard that AVZ had appealed straight away after receipt of the decree wavering, but thought ye nah probably untrue, then the response to MoM which only popped up on Twitter this week had me thinking that they just of only responded this week, until I seen the date on the original letter posted here, which verified that AVZ were on the ball with their appeal ; so even though everyone was losing their minds and thinking how would she react to such a letter...we’ll that letter was opened and read by MoM near two weeks prior .

AVZ response which was legally very to the point, is something id say Zijin were either not expecting or hoping AVZ would just rush to the table to negotiate.

ICC is coming up in April, I don't think Zijin will want to get to those steps ; they know that negotiating with AVZ would be highly unlikely now and with the whole tenement now under 13359 things are maybe more in AVZs favour ; albeit AVZ currently don't have a decree, but which AVZ have now given legal reason, as to why the decrees should not be waivered which probably gave MoM a holy fuck moment

So what happens now, has Zijin realized that cancelling the split and trying to negotiate is not the best avenue to try and capture the north or the 15%.....MoM will be feeling the heat also considering she cancelled without following the code.. does it suit them to run with plan xyz, get MoM to cancel the waiver (it pulls her somewhat out of the fire) and reissue the decrees , as they were and try and do a deal with Mupande with regard to applications and so either they go as a 100% applicant or maybe use cominiere or AJN pick it up and run with it that way, with some sort of JV?

I cant see Zijin being successful in ICC for the 15%, unless they manage to brown bag...i doubt they want to go there(ICC). The only I can see this working in Zijins favour is reissuing of the decrees and trying organise something with cami ; I assume the decrees be reissued and MoM hanging onto the comments in AVZ appeal letter, that AVZ didn't consider the partitioning to be illegal and just reissuing under those same conditions or could AVZ get lucky here and Felix deciding that the decrees have been cancelled and one decree announced to cover Exploitation across the tenement in compliance with the mining code and all the dirt washed off in one wipe....but maybe Felix is happy enough behind closed doors, to let it roll with the split and run some of the big hitters into the north

The greed and lust for Manono ; all just highlights the importance of the resource

I wish the USA Dpmt of Treasury’s Office of Foreign Assets Control (OFAC) would sanction Cong & Eckhoff (Mupande & Jinghe Chen going too far) ... like they did with Dan Gertler. Would be a strong shot across the bows w/o declaring war.

 

[Panther22]

Question is....

Why enable a report and then do nothing with regard to the findings???

Anyone can enable a report but unless actions are taken it's a useless piece of paper

l got the feeling when watching the video of Jules talking about the IGF report and reading the captions at the very end he said "I have done my job".
I immediately got the feeling that there that nothing would come of it. It felt like, l have done my bit, not my problem if the next guy doesn't anything, l have done my job.
Don't know if anyone else felt similar.
Just a thought but as each day passes l am feeling vindicated.

 

[Samus]

Manono Kitotolo:
Dathcom ⁦@AvzMinerals does not have the money and did not do the research according to Kibeya de Cominiere and Adèle Kayinda. And yet, the reality on the ground and the facts documented by the NGOs and the media on the spot and then confirmed by the population are there.

No one in Manono has ever seen the cores or drilling and exploration teams from Cominiere, Minocom, Minor, Dathomir, Tantalex, AJN, Zijin but everyone sees and has seen those from Dathcom and ⁦@AvzMinerals. The Chinese do not research and explore in the DRC.


Zijin destroys people's homes in Kolwezi and relocates them in violation of the mining code, installs prefabricated housing to work (like CMOC at TFM) while it produces cement in Carilu on site. Dathcom ⁦@AvzMinerals builds hard houses in Manono.

 

[Samus]

Cargo Dathcom ⁦ @AvzMinerals⁩ 2022 ready to leave Lubumbashi for Manono on loans and financial donations from Mils Tshibangu, Célestin Kibeya and Adèle Kayinda. ⁦
@ALINGETEJULES_K
@IgfRdc
@StanysBujakera
@Odep_MutebaFlor
@Presidence_RDC
⁩

Dathcom cargo ⁦@AvzMinerals leaving Lubumbashi in the last quarter of 2022 towards Manono on the road paved by Dathomir in return for 5% received free of charge from Cominiere de Kibeya and Mwamba according to the Report ⁦
@IgfRdc
@ALINGETEJULES_K
⁩ .

 

[wombat74]

Cargo Dathcom ⁦ @AvzMinerals⁩ 2022 ready to leave Lubumbashi for Manono on loans and financial donations from Mils Tshibangu, Célestin Kibeya and Adèle Kayinda. ⁦
@ALINGETEJULES_K
@IgfRdc
@StanysBujakera
@Odep_MutebaFlor
@Presidence_RDC
⁩

Dathcom cargo ⁦@AvzMinerals leaving Lubumbashi in the last quarter of 2022 towards Manono on the road paved by Dathomir in return for 5% received free of charge from Cominiere de Kibeya and Mwamba according to the Report ⁦
@IgfRdc
@ALINGETEJULES_K
⁩ .

They paved the road with dirt

 

[JNRB]

Purely speculating here...

Minister revoking the decrees is because she's been given a warning by FT to get this shit sorted out, or be considered complicit to corruption and get removed from her role.

The shit in her comments about 'harmonious relationships' is just her having a bit of a sulk at having to do the right thing and trying to shift the blame to someone else. She's not happy about it so dragging her feet on reissuing new decree.

She didn't bother talking to AVZ because again she doesn't want to do this and is being a sook about it.

 

[Sparrowhawk12]

Haven't read yet. Who's got the link to get around the fire-wall?

Chinese mining giant in secret Africa lithium grab

Zijin Mining requested Democratic Republic of Congo officials hand over the project partly owned by ASX-listed AVZ months before the license was cancelled.

www.afr.com

 

[Samus]

They paved the road with dirt

5% shares for this:

Dathcom cargo ⁦ @AvzMinerals⁩ in January 2023 to Manono on a road built by Dathomir in return for 5% of Cominiere de Kibeya shares denounced by ⁦ @IgfRdc@IgfRdc @ALINGETEJULES_K. Images never seen by PR05 ⁦
@fatshi13
@Presidence_RDC
⁩

 

[Charbella]

Haven't read yet. Who's got the link to get around the fire-wall?

Chinese mining giant in secret Africa lithium grab

Zijin Mining requested Democratic Republic of Congo officials hand over the project partly owned by ASX-listed AVZ months before the license was cancelled.

www.afr.com

12ft

12ft.io

Dickhead Tommy backing down.

 

[Goat]

Just thinking out loud here.. Is Felix actually guilty of some shady back door decisions himself? Is that why there is no action from him?

 

[Sparrowhawk12]

12ft

12ft.io

Dickhead Tommy backing down.

Tommy's the one who needs training: How to create, rather than destroy. How to encourage & share wealth creation, while playing a key role in decarbonisation & saving the planet, rather than being a maligning, shorter loser. IMO DYOR. Br Sparrowhawk

 

[The Fox]

Current article, todays date.

Manono lithium certified by Dathcom Mining: the underside of a plot revealed​

February 17, 2023 Mining

If the recent report of the General Inspectorate of Finance (in the abbreviation 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 received our editorial staff uncover a plot in the shadows: selling at all costs, and in defiance of the statutes discreet but no less 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.

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 over 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.

 

[BRICK]

So this popped up on my linkedin feed:

Its gaining some traction and awarness now. What a bunch of fucken legends you guys all are!