AVZ Discussion 2022

Samus

Top 20
MoM rescinded this, Nigel argued it still stands. Personally I think MoM did the right thing for the wrong reasons, because with 13359 unified the north cannot go to AJN. I'd like to better understand why Nigel appears to be arguing against the reunification of 13359.
100% agree @Sangster. WTF is really going on here? Why does Nigel want the tenement split and why did they apply to do that in the first place?
He said he was tricked into it at the roadshow but now sends a public letter condeming this decree just as much as the one which revoked the PE.
 
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llhtom

Regular
100% agree @Sangster. WTF is really going on here? Why does Nigel want the tenement split and why did they apply to do that in the first place?
He said he was tricked into it at the roadshow but now sends a public letter condeming this decree just as much as the one which revoked the PE.
In my view, maybe it was done informing Dathcom first causing confusion. Nigel would have responded after consulting with a lawyer. Since he has responded, why there has been no announcement made from AVZ to keep us in the loop?
 
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Mickyb64

Regular
In my view, maybe it was done informing Dathcom first causing confusion. Nigel would have responded after consulting with a lawyer. Since he has responded, why there has been no announcement made from AVZ to keep us in the loop?
We're 100% overdue for an update from the BOD. This shit is getting ridiculous.
 
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Charbella

Regular
Lithium de Manono, a Tasmanian already made a fortune before mining - Ouragan.cd
 
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obe wan

Regular
Lithium de Manono, a Tasmanian already made a fortune before mining - Ouragan.cd

1676932612740.png


Seriously are all journos retarded
 
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obe wan

Regular
I thought maybe fear because of the unexpected cancellation without information and without knowing the intention and the possible start of revoking the complete license. To stop this process and to show they will fight against it. Additionally to increase international pressure to make it clear that they should do the right thing. And to finally make a warning shoot for what they could only use the illegal process of cancellation at the moment. But like so many things we will probably never find it out.
Likely true, because apparently / NF only heard of the Decree on the friday ; they shot back with that letter of appeal on the Saturday, so they were likely punching in the dark and had minimal angles for contact into CAMI / MoM offices until Monday ; Nigel may have come in a bit premature , but he may have been in panic mode

The question was asked from AVZ office a day or so after the ann dropped and the response was that the decrees had come off , but that was all
 
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RHyNO

Regular
Oh my god, what the fark does that last sentence mean? One minute I have enough coin to retire, next minute I am going insane trying to read gibberish! Anyway, thanks for posting mouse. I am thinking this is good news as the locals are reportedly backing AVZ and denouncing the Chinese.
Keep in mind Cath are Chinese and are our largest partner.
 
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ptlas

Regular
My brain hurts
 
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Frank

Top 20
Tell you how it looks..

It looks ministerial corruption and then blackmail

Congo watchdog wants billions of dollars more From China infra deal


Chinese companies have become major players in Congo’s mining industry over the past decade, often taking over projects previously owned by Western companies.

Congo is set to hold elections at the end of this year, and President Felix Tshisekedi plans to make nationwide infrastructure projects a cornerstone of his campaign.


The IGF also called for:
  • The Chinese partners to release $1 billion in infrastructure funding this year.
  • The accord to be amended, to ensure half of future infrastructure contracts go to Congolese companies.
  • An audit of the completed infrastructure projects related to the agreement.


#Belt&Road !!!!! .jpg


Congo demands $17bn more in infrastructure investments from China deal


Among a list of 16 demands, the IGF called for the “renegotiation of the Convention to adjust and balance the duties and benefits of both parties and bring them into line with the value of their respective contributions”.

The auditor also demanded that Gecamines be given a bigger stake in Sicomines.

It currently has a 32% holding.

www.mining.com/category/battery-metals/


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Tick Tock Clock.gif
 
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TDITD

Top 20
I have been struggling financially now for 10 months whilst in suspension. The thought of giving up part of Monono to the THIEVING SCUM BAGS will be unbearable. I am prepared to struggle for another 12 months than to reward these THIEVING SCUM BAGS.
I am only speaking for myself and my mates who have also invested.
Speaking for me too🔥
 
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BRICK

Top 20
View attachment 30158

Seriously are all journos retarded
these guys just copy and pasted most of their article by the looks of it as well.

I did some research and found a picture of the real Nigel, actually with some of his mining machinery, below:

licensed-image.jpg
 
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Samus

Top 20
In my view, maybe it was done informing Dathcom first causing confusion. Nigel would have responded after consulting with a lawyer. Since he has responded, why there has been no announcement made from AVZ to keep us in the loop?
We only seem to get some vague announcement every time things go further south. It just feels like whatever management are doing that they're always on the back foot. And whatever they're doing it isn't effective enough to justify a positive announcement. It's a bit much after 10+ months.
It all seems to be coming down to winning multiple legal battles. Zero support from government so far even though the case is so clear. I'm sorry but the Congolese are fucking retarded. Any foreign company taking any notice of this would steer clear at all costs, it only attracts parasitic speculators like Klaus Eckhof with no intention to do any work.
 
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Rediah

Regular
We're 100% overdue for an update from the BOD. This shit is getting ridiculous.

The only time we get to hear from BoD is when t-bag tommy regurgitate Zijin's feed, otherwise we stay in a cone of silence for weeks if not months. And then too we get to hear about the 'progress' from third parties.

So yes, it is frustrating.
 
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Remark

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wombat74

Top 20
What's happened to all the drill results ?
 
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Dom1974

Regular
I'm hoping that Management has ceased all drilling and pulled everything right back to save on costs. They would still be paying the labs to have the results processed though, but following them up is probably not on the top of their to do list at the moment.
 
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obe wan

Regular
What's happened to all the drill results ?
Drill results …. Blank them out of your mind until / if we get trading again…. Then ask and they’ll probably pop out a day later . Hopefully they are at the back of the test list 🤪 and we only get them when trading again ; otherwise great results and potential impact on SP just get lost in suspension
 
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wombat74

Top 20
Drill results …. Blank them out of your mind until / if we get trading again…. Then ask and they’ll probably pop out a day later . Hopefully they are at the back of the test list 🤪 and we only get them when trading again ; otherwise great results and potential impact on SP just get lost in suspension
"If we get trading again "

After the MoM statement I was thinking we could be trading again in the not too distant future .
 
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StevieLash

Emerged
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Mining indaba 2023: Tshisekedi, the time to convince multinationals

The Indaba mining conference opened in Cape Town, South Africa.

President Félix Tshiekedi took part. And according to official sources. The Minister of Mines, the governors of Haut-Katanga, Lualaba and other stakeholders in the sector also made the trip of Mandela's country.

The Head of State will once again try to seduce investors by presenting the country's mining potential and business opportunities in the DRC.

images.png

Félix Tshisekedi participates in Cape Town in South Africa at the Indaba Mining Conference

After two years of suspension due to Covid-19, Indaba has resumed since last year. Last year, Prime Minister Sama Lukonde represented the country in the work.

For this edition, nearly 80,000 mining operators, bankers, entrepreneurs and delegates from national and international institutions participate in this conference-exhibition. Mining Indaba is one of the largest mining forums in the world and the first in Africa.

Considered a "geological scandal", the DRC is the largest mining country in the world. Some say that Mendeleev's painting was designed for the DRC, because it has almost all the minerals in the world. As a result, Congo attracts the attention of the whole world; that of investors as well as that of predators and its invaders.

In 2022, the mining sector contributed more than 60% to the state budget, with revenues of more than US$7 billion. The minerals used in high technology (criticals metals, e-metals or hi-metals) and others are found in the DRC and attract all the lusts of the world.

While some can rejoice in the revenues generated by mines in the DRC, others believe that in terms of potential, the country does not earn enough. Several reasons explain the lowness of the state's revenues: less research, lack of expertise, very little investment, institutional instability, armed insecurity that has become almost chronic and legal, smuggling, fraud and corruption. In short, the country does not draw dividends because of disorganization.

What has the DRC been gaining in Indaba for 20 years?​

The country has participated in this forum for nearly twenty years. But what are the benefits of his participation? A simple protocol presence? What do the delegates of the DRC bring back to the country? How many investors came to Congo through this event? It is not just a question of making the trip, presenting the list of minerals in the DRC and giving the speeches. Indaba is a forum for exchanges that must be capitalized and not a tourist fair with plethora of delegations with state agents in search of per diem (mission fees). If the DRC has remained in the ritual for years, the time has come to change methods and actors. Otherwise, it's stagnation.

The presence of Félix Tshisekedi at this forum must bring a plus. The president must lead the diplomacy of natural resources.

Multinationals fond of raw materials make and defuse governments; those of the Third World as well as those of developed and stable countries.

Meanwhile….

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….

AVZ still not granted a Mining License for the Dathcom project at Manono

Cominiere caught fraudulently selling its shares in Dathcom to Chinese company Zigin Mining by the Inspector General of Finance

Zigin attempts blackmail in the DRC to try and gain shares in Dathcom

Chinese Embassy in the DRC insults the Inspector General of Finance for exposing Cominiere and Zigin

What does President Felix Tshisekedi do?
 
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