AVZ Discussion 2022
- Thread starter GazDix
- Start date
Mate , geo-au knows a lot less than you do . imo
It's probably lost in translation."it is not certain that the northern portion of PE 13359 will automatically return to Zijin or its subsidiary."
I find that statement odd and probably wrong????
Zijin didn't pay for the northen part of PE 13359 or buy it in any way
It's purchased a 15% interest in Dathcom from Cominiere
Or have I lost my mind
Or did it purchase a 15% interest in the JV??
Sorry I've lost the plot on all this
The stint Zijin was trying to pull, was:
I give you the 15% of the southern section, for which I paid US$33.4 million and in return you give me 70% of the northern section and we call it quits.
Ever done business with Chinese people?
Zijin first learned this trick:
Got it?
RHyNO
Regular
The end result in all this is going to come down to the BOD and their capacity to do what they are paid enormously for. It reminds me of going for dinner at some of the restaurants around Fitzroy and melbourne that charge an arm and a leg. If the food and wine is brilliant. Happy to part with $350 for dinner for 2. Fair game. Takes talent. But often you’ll go and they act like their food is worth $350 when it’s just some shit I could whip up at home And a fucking naked wines subscription. Now the question is. Is the BOD a premium BOD like @geo_au is claiming or are they just a cheeky overpaid pack of poorly dressed ding dongs who are out of their depth? Time will indeed tell, however I must say and I’m sure I speak for a few of us here. “If the milk turns sour I’m not the type of pussy to drink it”
Bin59
Regular
An article which I previously missed having some info on SEZ zones:
Kiki Kienge
"We are very happy to be able to count on AVZ. » Julien Paluku
By Kiki Kienge
This is following a tweet from the Minister of Industry of the DR Congo, Julien Paluku after a tête-à-tête with the Chinese ambassador to DR Congo, Zhu Jing to guarantee the interests of Chinese companies in DR Congo. That many Congolese have called for caution and vigilance on the creation of a Chinese Special Economic Zone (SEZ), for the development of a value chain for Manono's lithium electric batteries.
Special Economic Zones (SEZs) are free zones often created by the central government, at the scale of a port, neighborhood or city, functioning as economic and fiscal enclaves.
A geographical region in which economic laws are more liberal and advantageous for the companies that settle there, than those in the rest of the country. The SES offers a combination of tax incentives, favorable customs duties, simplified customs procedures and limited regulations.
Why this concern of the Congolese about the Chinese ESS?
Recently in DR Congo there have been negative economic revelations in the majority of Chinese companies. Finally, it was the report of the General Inspectorate of Finance (IGF) under the batons of the chief inspector, Jules Alingete, who revealed the underside of the figures of the Sino-Congolese contract, a barter signed in 2008 under the Joseph Kabila regime between DR Congo and a consortium of Chinese companies.
Manono ZES (AVZ), Chinese ZES (CATL) and the DRC/USA/Zambia value chain
Upstream on the development of Manono lithium that will be exploited in Tanganiyka by Dathcom, a joint venture between the Congolese State with COMINIERE and the Australians of AVZ Minerals, we must talk about the special economic zone of Manono, a concept of AVZ Minerals with Dathcom for the recovery and good exploitation of lithium and tin from Manono
In short, below are some passages from AVZ Minerals' press release of February 18, 2020 after the meeting between its representatives in DR Congo with that of the Congolese government, Industry Minister Julien Paluku;
AVZ signs a memorandum of understanding with the Ministry of Industry to create a
special economic zone in Manono
Julien Paluku, Minister of Industry, said in particular: "We are very happy to be able to count on AVZ. Industry must now be a factor of stability and peace with the creation of wealth and jobs..."
To understand AVZ's press release, this Manono ZES would not be linked to the electric battery value chain project, because AVZ Minerals is not a battery manufacturer.
But the question arises when we look at the entry of the Chinese giant in the manufacture of batteries, CATL with 24% in AVZ Minerals for a possibility of valuing Manono's lithium and why not the manufacture of batteries in the future.
But here it is that in Minister Julien Paluku's Tweet, we talk about another Chinese ZES with the same CATL operated in AVZ Minerals for the development of a project in the value chain of Manono lithium electric batteries.
In addition to the two possible lithium-related ZES, from Manono with AVZ/CATL and the Chinese ZES, there is also the area to be created in Upper Katanga on the basis of the agreement between the same government of DR Congo, Zambia and the United States for the manufacture of Manono's lithium-related batteries.
kongopress.com
(ZES) Special Economic Zone for lithium and batteries, with Australians, Chinese or Americans and Zambians?
February 25, 2023Kiki Kienge
"We are very happy to be able to count on AVZ. » Julien Paluku
By Kiki Kienge
This is following a tweet from the Minister of Industry of the DR Congo, Julien Paluku after a tête-à-tête with the Chinese ambassador to DR Congo, Zhu Jing to guarantee the interests of Chinese companies in DR Congo. That many Congolese have called for caution and vigilance on the creation of a Chinese Special Economic Zone (SEZ), for the development of a value chain for Manono's lithium electric batteries.
Special Economic Zones (SEZs) are free zones often created by the central government, at the scale of a port, neighborhood or city, functioning as economic and fiscal enclaves.
A geographical region in which economic laws are more liberal and advantageous for the companies that settle there, than those in the rest of the country. The SES offers a combination of tax incentives, favorable customs duties, simplified customs procedures and limited regulations.
Why this concern of the Congolese about the Chinese ESS?
Recently in DR Congo there have been negative economic revelations in the majority of Chinese companies. Finally, it was the report of the General Inspectorate of Finance (IGF) under the batons of the chief inspector, Jules Alingete, who revealed the underside of the figures of the Sino-Congolese contract, a barter signed in 2008 under the Joseph Kabila regime between DR Congo and a consortium of Chinese companies.
Manono ZES (AVZ), Chinese ZES (CATL) and the DRC/USA/Zambia value chain
Upstream on the development of Manono lithium that will be exploited in Tanganiyka by Dathcom, a joint venture between the Congolese State with COMINIERE and the Australians of AVZ Minerals, we must talk about the special economic zone of Manono, a concept of AVZ Minerals with Dathcom for the recovery and good exploitation of lithium and tin from Manono
In short, below are some passages from AVZ Minerals' press release of February 18, 2020 after the meeting between its representatives in DR Congo with that of the Congolese government, Industry Minister Julien Paluku;
AVZ signs a memorandum of understanding with the Ministry of Industry to create a
special economic zone in Manono
- AVZ signed a memorandum of understanding with the Congolese government to create a special economic zone in Manono, Tanganyika province, DRC.
- The special economic zone has the potential to have important economic benefits for the development and profitability of the company. important economic benefits for the development and profitability of the Manono lithium and tin project, including exemptions or reductions on corporate tax and customs taxes.
- AVZ Minerals Limited (ASX: AVZ, "the company") is pleased to announce that AVZ has signed a memorandum of understanding ("MoU") with the Ministry of Industry for the development of a lithium and tin extraction project.
- The objective of the Memorandum of Understanding is to establish the conditions for collaboration and negotiation between the Ministry of Industry and AVZ for the establishment of the "Manono Special Economic Zone" in Tanganyika province and the development of basic infrastructure in this area.
- The geographical area defined will initially include all essential infrastructure such as water, electricity (the Mpiana Mwanga hydroelectric facility) and health services, electricity (Mpiana Mwanga hydroelectric power plant) and roads, including Manono Lithium and Tin project licenses (PR13359, PR4029 and PR4030) to facilitate successful mining.
Julien Paluku, Minister of Industry, said in particular: "We are very happy to be able to count on AVZ. Industry must now be a factor of stability and peace with the creation of wealth and jobs..."
To understand AVZ's press release, this Manono ZES would not be linked to the electric battery value chain project, because AVZ Minerals is not a battery manufacturer.
But the question arises when we look at the entry of the Chinese giant in the manufacture of batteries, CATL with 24% in AVZ Minerals for a possibility of valuing Manono's lithium and why not the manufacture of batteries in the future.
But here it is that in Minister Julien Paluku's Tweet, we talk about another Chinese ZES with the same CATL operated in AVZ Minerals for the development of a project in the value chain of Manono lithium electric batteries.
In addition to the two possible lithium-related ZES, from Manono with AVZ/CATL and the Chinese ZES, there is also the area to be created in Upper Katanga on the basis of the agreement between the same government of DR Congo, Zambia and the United States for the manufacture of Manono's lithium-related batteries.
(ZES) Zone Économique Spéciale du lithium et batteries, avec les Australiens, les Chinois ou les Américains et les Zambiens ? - Kongo Presse
Par Kiki Kienge C’est suite à un tweet du Ministre de l’industrie de la RD Congo, Julien Paluku après un tête-à-tête avec l’ambassadeur Chinois en RD Congo, Zhu Jing afin…
kongopress.com
Winenut
Go AVZ!
Winenut
Go AVZ!
Extension to suspension and extension to CATH deal is my humble guess....unfortunately
If they get the 15% back from zijin they dont need the 5% from MMCS, so it wont hold up anything. IMO
It is my thoughts that the ICC will throw it out as AVZ have stated that are not party to any agreement. It will then be up to cominiere obtaining the 15% back from zijin which zijin have already said they would give it back because they are such nice corporate citizens.
Having said that the MMCS decision wont hold up anything, I do not believe that they will get it anyway.
With what the MoP has done by sacking 60% of her cabinet, could her cabinet been advising her and providing the wrong info. Maybe she was not corrupt but was a puppet to her cabinet?
It will be interesting to see how this plays out IMO
There is no real evidence that minister of Portfolio was provided incorrect info though.
What we know:
Modeste Bahati Lukwebo (AFDC party) and adele kayinda (ALDEC party) have been taking shots at each other for some time.
The portfolio minister, Adele Kayinda, has now dismissed all the members of her cabinet from the AFDC-A grouping and AFDC party led by Modeste Bahati Lukwebo.
If we want to have useful information to predict what may happen, then we need to do more research into this political battle that is going on.
DRC finance minister talks mining, smuggling and building batteries
Nicolas Kazadi, the Democratic Republic of Congo's finance minister, tells the FT Commodities Global Summit that DRC must export more products and fewer raw materials. FT energy correspondent Tom Wilson also asks him about relations with China, tensions with Rwanda and attitudes to the...
Full transcript available.
15:53 minute mark the mention of AVZ.
"To move to another mineral which Congo has and which is probably also in my phone, lithium. Congo has got a big potential lithium project in Manono. It's also been in the news for various reasons. There's been a dispute with one of the owners, AVZ Minerals. As I understand it their licence has been cancelled. Can you tell us anything about what Congo plans for that deposit?
Yes. That was done a bit... it was not very, very transparent. It was not to the best of our interests as a country. That's why we went back to it. But I would... I don't like to say more on that because it is still on."
So the answer is very interesting.. It was not very transparent and not to the best of our interests as a country ..
So are they saying they are actually holding it up as it's going to be rewarding enough for them or something else? Why wouldn't it be in their best interests? What the heck??
IMHO - The DRC government want a big slice of the warm apple pie that AVZ will be baking.. hence our hold up!
Mr Inappropriate
Regular
Refer Frank’s comments.
Similar threads
