AVZ Discussion 2022

[Xerof]

1.5hours to go, already got some feelers out there for any documents that are going to be exchanged.

View attachment 32846

I’m hoping to see MoM decree for issuance of the ML. Can your tentacles reach that far?

 

[Xerof]

The other ICC case between COMINIERE and MMCS needs some light shone on a result too

 

[cruiser51]

If it's 11:00 AM Kinshasa time, that's 9:00 PM AEDST tonight.

Unless it's just more bullshit from someone who was breast-fed until he was eleven.

I guess we'll know in a couple of hours.

1800 Perth time sharp, just after drinkies and just before dinner....
I will have my right ear superglued to William Kande's twatter account, don't wanna miss it

 

[Mr Inappropriate]

1800 Perth time sharp, just after drinkies and just before dinner....
I will have my right ear superglued to William Kande's twatter account, don't wanna miss it

Edit: Is he the office fire-warden?

 

[cruiser51]

While we are waiting for William to rock up, we might as well refresh our memory while enjoying an alcoholic beverage.
If William sells BS, we can pelt him with half full cans of beer.

 

[John25]

Lets go

 

[Bin59]

 

[Charbella]

1.5hours to go, already got some feelers out there for any documents that are going to be exchanged.

View attachment 32846

I doubt he will have anything important to share.

 

[CashKing]

1800 Perth time sharp, just after drinkies and just before dinner....
I will have my right ear superglued to William Kande's twatter account, don't wanna miss it

Wait what ?? Is there a road show or something ???

How the Fuxk are you guys affording drinks let alone dinner ???? Roadshows Freebies ?

GLTAH let’s hope something good happens

 

[Spikerama]

Wait what ?? Is there a road show or something ???

How the Fuxk are you guys affording drinks let alone dinner ???? Roadshows Freebies ?

GLTAH let’s hope something good happens

Exactly!

My wife and I played Doctors and Nurses last week. I worked over a hundred hours while she fucked off to the food bank to feed us.

 

[Mr Inappropriate]

Exactly!

My wife and I played Doctors and Nurses last week. I worked over a hundred hours while she fucked off to the food bank to feed us.

So, not a root then…

 

[Onthefm]

Exactly!

My wife and I played Doctors and Nurses last week. I worked over a hundred hours while she fucked off to the food bank to feed us.

Still laughing well done cheers. Do they have alcohol at foof bank. If they do you deserve 1 or 6.

 

[CashKing]

Exactly!

My wife and I played Doctors and Nurses last week. I worked over a hundred hours while she fucked off to the food bank to feed us.

You always need a good nurse after getting a right / ripe mate

Speaking of nurses, @MoneyBags1348 You wanna dress up ?? I swear it’s not gay as long as I give it and not receive RIGHT…

Bit like our Mining Licence huh ! …

We give sooooo much and never receive… Maybe you speak to @Winenut about the second part

Alright I’m blaming the draught homebrews for all this, just filling in time like the CAMI site is filling in all our purple parts it seems..

Oh and once again if anyone needs a chat or talk shit, vent or whatever feel free to message me PM about anything bros and sisters… Hang in there as you mean something to somebody


GLTAH

 

[cruiser51]

Fuk I must have missed the oracle.

 

[Frank]

" know we have one of the best BOD's on the ASX "...........

No disrespect, but had a bit of a chuckle with that statement.......

Lack of disclosure, copious missed time lines ( both probably linked together ), conflict of interest... is hardly characteristics of best bod on ASX, but, to give them their due, have proven up a wonderful resource, provided a very robust DFS ( in good time), 4/5 offtakes ( albeit all chinese.... ) all of those achievements executed in one of the most corrupted cesspool locations known to mankind with the native tongue being french.......

So Kudos in that regard...............but best bod ?

NOPE !!!!


Anyway, i am encouraged by the latest update with Cami website............have gone from nada to 100% Dathcom mining, so could this be a sign that the BODs discussions with " relevant " authorities in DRC govt are bearing fruit ?


I guess we will have to wait and see for the next roller coaster chapter...........


View attachment 32833

ICC arbitration next month.........Zijin / China karma not far away

View attachment 32834


If AVZ can come out of this nightmare with our rights retained / regained against the might of China and the corrupt elite, then my appraisal of the BOD and possibly FT will elevate


Time will tell.



imo

The hour of transhumance has come

Unless changed, the elections will take place in December 2023.

But now for the political actors, it is time to prepare and implement winning strategies.

Most of them, like the herds, are in search of beautiful pastures.

And for them, the green grass on the side of the Sacred Union for the Nation and some choose the Union for Democracy and Social Progress (UDPS) as a political party.

What is called in pastoral language “transhumance”.

On March 18, six provincial deputies from Haut-Katanga joined the UDPS.

Among them, the deputies of the People's Party for Reconstruction and Democracy (PPRD).

But long before, many others have done it.

This is the case of Théo Ngwabidje governor of South Kivu, or Dieudonné Piemé governor of Kasaï as well as many thinking heads of the Common Front for Congo (FCC).

Some have chosen other USN parties such as the Avenir du Congo (ACO) of Dany Banza.

These memberships have awakened passions.

“Transhumance”, shouted some.

For them, how can one join a political party just a year, even nine months before an election while having good motives?

Transhumance, this word borrowed from pastoral vocabulary, designates politicians who, for their own interests, temporarily change political parties or create alliances.

This word is well indicated in the Congolese context.

Congolese political actors have a reputation to protect.

That of changing political parties for political interests.

For the head of works, Kyungu Shimbi, this is typical of Congolese society.

There are several reasons for this behavior.

“For many, the power is on the side of the UDPS.

Thus, in order for them to continue to keep their advantages, they join this political party.

Because with the elections coming up, they are not sure to protect their interests if they stay in their old structures.

Especially since we know that during elections, less than 10% of former elected officials return to office.

Thus, they want to redo a new image!”, explains this political scientist.

This political scientist regretted the fact that this system has lasted for a long time.

Politics as a job

In the DRC, those who make politics and in particular those who have nominative or elective mandates are the best off.

They have a regular and sometimes exorbitant monthly salary.

For example, according to the 2022 budget, an MP receives 10,265 usd, not including benefits.

Compared to nearly 250 usd that a teacher earns, their situation is enviable.

Thus, the head of works Kyungu Shimbi thinks that this is what pushes the Congolese to consider politics as a job.

"They [the politicians] are ready to move forward with anyone as long as they find each other", says the head of works again.

This is what is observed today and this will always be observed on the eve of each election.

For him, it is necessary to manage to change the system and that means “getting the country back on track”.

“Our country, like a train, has been derailed since 1960.

Since then, no power has managed to put it back on track,” he explains again.

By changing the management model of the country, the system may also change.

But in the meantime, the political actors will thus continue to seek a good positioning.

By adhering to political parties without adhering to its ideals.

mediacongo


Two years after taking office, the Constitutional Court takes note of the declaration of family assets of the Prime Minister and members of the government

The Constitutional Court took note on Wednesday, March 22, 2023, of the declaration of family heritage of Prime Minister Jean-Michel Sama Lukonde and that of all the members of his Government.

WHAT DOES THE CONSTITUTION OF THE REPUBLIC SAY ON THIS SUBJECT?

“Before taking up their duties and upon their expiry, the President of the Republic and the members of the Government are required to deposit, before the Constitutional Court, the written declaration of their family patrimony, listing their movable property, including including stocks, shares, bonds, other securities, bank accounts, their immovable property, including undeveloped land, forests, plantations and agricultural land, mines and all other immovables, with an indication of the relevant titles", informs the Constitution in its section 99.

Note that this comes two years after the installation of the Sama Lukonde government by the national representation.

mediacongo

 

[Mr Inappropriate]

 

[cruiser51]

AVZ unveils monster lithium hit from Congo drilling​

Terry BatesSPONSORED
Thu, 23 March 2023 3:39PM

Diamond drilling for lithium in the DRC for AVZ Minerals. Credit: File

AVZ Minerals has unveiled a monster lithium hit, with credible tin additions, from a five-hole drilling campaign at its Manono project in the Congo.
The company’s campaign at its Roche Dure North-East Extension within the project yielded headline results including 308m at 1.53 per cent lithium oxide and 731ppm tin from 22.5m, with another 176.3m grading 1.67 per cent lithium oxide and 898ppm tin from 23.7m.
The results also featured 105 separate 2m drill intersections from the five holes which returned assays greater than the magical 2 per cent lithium oxide and up to a tantalising peak of 3.55 per cent.

The Manono project has JORC resources of 401 million tonnes at a grade of 1.65 per cent lithium oxide and is believed to be the world’s biggest and highest-grade undeveloped hard rock lithium project.
Assay results from the five drillholes were the fourth consignment received from a total program of 54 resource extension drillholes. AVZ said the results confirmed further widespread high-grade spodumene lithium mineralisation, including a thicker high-grade zone of 72m at 2.07 per cent lithium oxide from 203m.

Massive lithium intersection for AVZ. Credit: File/Supplied
Johannesburg-based geotechnical engineering consultancy Middindi has also completed specialist logging of eight drillholes for possible expansion of the open pit redesign.
AVZ says recent drilling located areas of late-stage alteration of the pegmatite with the associated typical lower lithium values. These zones are balanced with significant thicknesses of lithium mineralisation with grades above 2 per cent elsewhere in the ore body.

This tranche of drilling results nicely complements the previous results, with a mix of wide consistent mineralisation. Specialist geotechnical logging of selected drillholes and core samples taken for a suite of specialist analyses assist in the design of future open pit wall angles.
AVZ Minerals managing director Nigel Ferguson

AVZ completed its weighty 8500-page definitive feasibility study for the Manono project in April, 2020. Management expects to complete its sale of 24 per cent of the project to Suzhou CATH Energy Technologies for US$240 (AU$356.2) million on March 31.
AVZ says it still owns 75 per cent of the legal title at the Manono Project.

 

[Azzler]

She seems to know something indeed.
Something may be brewing after all.

Thought he was full of shit, but now I'm interested.

 

[geo_au]

And another bit of homecraft from Tommy the Twat

Mining​

ASX miners demand Congo pay billions in compensation​

Tom Richardson

ASX-listed Equatorial Resources has filed a $US1.1 billion ($1.6 billion) compensation claim against the Republic of Congo amid claims it was unlawfully stripped of iron ore mining rights in the nation where China exerts increased influence.

According to Equatorial Resources’ claim, the Congo government has until August to respond, subject to jurisdiction issues.
The Perth-based explorer alleges unlawful measures taken against it ‘‘formed part of a wider campaign to dispossess foreign mining companies of their iron ore interests in Congo and grant them to a Chinese-linked company named Sangha Mining’’.

The arbitration taken to the International Centre for Investment Disputes in Washington DC punctuates a high-risk scramble among junior miners to secure African battery metal resources, according to Clancy Moore, the chief executive of campaign group Transparency International.

‘‘One in four corruption cases in the oil, gas, and mining sectors arise at the very start of a mining operation – the licensing stage,’’ said Mr Moore.
‘‘Companies need to detect, prevent and reduce corruption risks by engaging transparently and fairly with communities and governments, undertaking proper due diligence on partners and alerting authorities when red flags are raised. Australia’s foreign bribery laws also need to be strengthened as they currently allow for companies to use facilitation payments.’’

There’s no suggestion that Equatorial Resources engaged in corruption. However, Mr Moore’s warning comes as shareholders face losses in numerous ASX-listed explorers hit by African sovereign risk.

At a private December 2022 annual general meeting held in Perth, the now delisted Sundance Resources said it was pursuing between $US1.5 billion and $US5.7 billion in compensation from the Republic of Congo after being divested of its iron ore mining rights in the central-west African nation amid historical allegations it bribed Congo politicians.

The ongoing arbitration is being pursued at the International Chamber of Commerce in London. According to the AGM notice, Sundance also took the Cameroon government to the ICC in Paris in December to demand it reissue it a mining permit, or pay $US5.5 billion in damages.
On Monday, Atlantic Lithium responded to the ASX’s compliance queries about a report by short seller Blue Orca Research, which alleged Ghana’s parliament may not approve Atlantic’s mining licences because of corruption.

Finally, lithium explorer AVZ Minerals has left shareholders trapped in the suspended $2.6 billion stock for nearly 11 months, after it failed to obtain a mining license from the government of neighbouring country Democratic Republic of Congo (DRC).
AVZ conceded in May that it faced legal challenges in the DRC over ownership of the Manono lithium project and shareholders were warned that ongoing litigation may not conclude until September 2024.

Shares in Atlantic Lithium are down 26 per cent since Blue Orca’s corruption allegations, with Atlantic’s offtake partner – ASX-listed Piedmont Lithium – losing 6 per cent in line with sector weakness.

‘‘Transparency International’s research on corruption risks in the awarding of licenses in Ghana specifically showed the need for greater transparency and stronger procedures for the prevention and management of conflict of interest, involving public officials and politicians in mining license application,’’ said Mr Moore.

The chief executive of the not-for-profit organisation, which works internationally to strengthen responsible business conduct in mining and environmental protection, added the DRC presented significant corruption risks.

‘‘The country scores just 20/100 of Transparency International’s global Corruption Perceptions Index, has increasing numbers of Chinese mining companies and has the world’s largest reserves of cobalt which is in high demand,’’ he said.

FYI That is in the Republic of Congo cruiser not the DRC.

 

[cruiser51]

She seems to know something indeed.
Something may be brewing after all.

Thought he was full of shit, but now I'm interested.

You mean for punishment of telling fibs, Celestine KK has to wear a chastity belt for the rest of his life and Felix has given the key to the Minister of Justice, Keeper of the Seals?