Carlos Danger
Top 20
Queries received from the ASX lol
AVZ Discussion 2022
- Thread starter GazDix
- Start date
CashKing
Regular
Rediah
Regular
I think it was the usual cut and paste change dates announcement in the morning which ASX may have rejected, resulting late announcement as Perth office had to wait for Nige to wake up to give extra info ?
Samus
Top 20
"It was not in the interest of our country, that's why we came back to it"
NEWSECONOMY
For Nicolas Kazadi, the Congolese government wants to reconsider the Manono lithium contract
March 31, 2023Kiki Kienge
By Kiki Kienge
This is now one of the issues that will make the headlines for a while in the DR Congo, Manono's lithium.
The DRC Congo after two negative attempts for the exploitation of lithium from Manono in the province of Tanganiyka, first with a Mauritian company, MMCS and later with the Chinese company, Simon Cong, DATHOMIR . These two companies having received at least 70% of the shares of the Congolese State in the joint venture to carry out the feasibility study for the exploitation of lithium, were unable to do so despite the 70% received from raise sufficient funds for the realization of this project. The Australians of AVZ Minerals, buying 60% of the shares of DATHOMIR notably invited themselves to the dance, thus becoming the majority shareholder of DATHCOM, the joint venture between the Congolese State through COMINIERE and DATHOMIR of Simon Cong.
COMINIERE having sold off its shares, from 30% today with only 5%, puts the Congolese State in difficulty, which no longer has control over its lithium.
Here's how the current share distribution in DATHCOM would look like:
- AVZ 60% + (15% in dispute with DATHOMIR).
- COMINIERE had 25%, 15% sold to ZIJIN and 5% transferred to MMCS.
But then after having granted the exploitation permit to DATHCOM, the Minister of Mines of the DR Congo, Antoinette Nsamba Kalambayi following the accusations of COMINIERE in the management of DATHCOM against AVZ Minerals, the latter had withdrawn the exploitation permit, thus blocking the construction of the factory for the exploitation of lithium in Manono.
Interviewed by a journalist from the Financial Times, the Minister of Finance of the DR Congo, Nicolas Kazadi spoke of a desire of the Congolese government to want to review the contract between COMMINIERE and its partners, AVZ Minerals and DATHOMIR:
“FTimes; Let's move on to another mineral that Congo has and is probably also in my phone, lithium. Congo has a potential large lithium project at Mano. It has also been in the news for various reasons. There was a dispute with one of the owners, AVZ Minerals. If I understand correctly, their license has been revoked. Can you tell us what the Congo is planning for this deposit? »
“N Kazadi; Yes, it was done a bit in a not very, very transparent way, it was not in the interest of our country, which is why we came back to it. But I would not like to say more about this, because the procedure is still ongoing. »
Should the Congolese government be content to recover its 25% sold off by its company COMINIERE, or seek to nibble a few more percentages of AVZ Minerals and the 15% still in dispute with DATHOMIR?
Pour Nicolas Kazadi, le gouvernement Congolais veut revenir sur le contrat du lithium de Manono - Kongo Presse
Par Kiki Kienge C’est désormais un des dossiers qui fera la une pendant un bon moment en RD Congo, le lithium de Manono. La RDC Congo après deux tentatives négatives…
kongopress.com
9cardomaha
Regular
Todays ann is akin to wrapping my willy in cracker barrel fine vintage cheddar before hitting the grater - is it opitmal? NO. But it is better.Still better than a Cheese Grater wank mate....
GLTAH
Samus
Top 20
That should have happened straight away after the decrees were revoked but whoever runs the mining cadastre portal is fucking hopeless as we've seen time and again. They cancelled the decrees issuing the exploitation permit hence it is logical that this should revert to the previous exploration status.
Not going to loose any sleep over that one, it seems fairly clear cut.
Samus
Top 20
1/2 Covetousness on the #lithium of #Manono , private people want shares in the projects, ready to use all means to achieve their ends, even to the detriment of the interests of #RDC ? : “non-state actors who intend to illegally acquire, for
them and/or other third parties, interests in the Manono lithium and tin project. The company (@AvzMinerals) fears that the continued activities of its hostile non-state actors will influence the decisions of major players in the mining industry in Africa”
They are stepping up the negative tone to drive home to FT etc just how bad an impact these shenanigans have on business confidence in DRC.
Ultimately, Manono is huge, but DRC ain't gonna be transformed from this project alone. Letting Zijin and partners steal project is BAD for development of DRC. But equally, for DRC to themselves try and now steal back more of the project would be bad for business confidence in DRC. Maybe they get more? Maybe it stalls the project more? But it sure as hell would be another kick in the nuts to anyone else looking for a positive business relationship with the DRC.
Our offer to DRC - throwing in equity in AVZ - is generous enough that I don't think they're going to try and screw more out of us.
All the communications now is about driving home the point that what's holding the project up now isn't just a little administrative confusion or minor quibiling, but straight up shit-fukery from dodgy actors with zero regard for local laws or people. With every TV interview, every article, that becomes a little clearer. Great to hear AVZ calling it out properly, and great to hear embassy(ies) are getting involved.
Ultimately, Manono is huge, but DRC ain't gonna be transformed from this project alone. Letting Zijin and partners steal project is BAD for development of DRC. But equally, for DRC to themselves try and now steal back more of the project would be bad for business confidence in DRC. Maybe they get more? Maybe it stalls the project more? But it sure as hell would be another kick in the nuts to anyone else looking for a positive business relationship with the DRC.
Our offer to DRC - throwing in equity in AVZ - is generous enough that I don't think they're going to try and screw more out of us.
All the communications now is about driving home the point that what's holding the project up now isn't just a little administrative confusion or minor quibiling, but straight up shit-fukery from dodgy actors with zero regard for local laws or people. With every TV interview, every article, that becomes a little clearer. Great to hear AVZ calling it out properly, and great to hear embassy(ies) are getting involved.
John25
Regular
Everyone just settle …according to geo we have the best BoD on the ASX & 2 weeks ago apparently something is happening (no timeline though) add to that well paid …so just relax & have a good weekend …plus a few of these may help…washed down with bundy …could ramp up this weekend with a few heated post
CashKing
Regular
Yep see you fuckas after a few shots myself
Washed down with some Exports and Draughts, could be a interesting night
GLTAH
John25
Regular
Plus Cash …its only early in the West …could be You/Me texting each otherYep see you fuckas after a few shots myself
View attachment 33372
Washed down with some Exports and Draughts, could be a interesting night
GLTAH
during the night 
He is a disgusting invertebrate absolute parasite.
The Company is receiving further support from the Australian Embassy in Harare whom are engaged with other foreign embassies in the region, whom jointly share a common interest to support investment transparency in Africa’s mining industry.
Assuming one of the other embassies is the US, let the bidding war begin!
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CashKing
Regular
I’m 99.992% sure I will not remember you in the morning old mate….Plus Cash …its only early in the West …could be You/Me texting each other
Hemicuda
Regular
Fuck you pricks, having a drink, I’m still doing night shift due this shit show, prob good thing can’t drinkYep see you fuckas after a few shots myself
View attachment 33372
Washed down with some Exports and Draughts, could be a interesting night
GLTAH
TheCount
Regular
Hope those professing “wait, expect the .., and the classic not long now” and all the other lies, I hope you have other vocations to fall back on as you’re fucking awful at trying to talk about AVZ.
Instead of acting like a 4yo, forums are there to share what you know - not make up BS like you’ve done for weeks and pretend you’re on the inside…
Feel like leveling with all of us and tell us what you know?
I guess not, you’re as weak as piss as my generation used to say.
TC.
Instead of acting like a 4yo, forums are there to share what you know - not make up BS like you’ve done for weeks and pretend you’re on the inside…
Feel like leveling with all of us and tell us what you know?
I guess not, you’re as weak as piss as my generation used to say.
TC.
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