Lol, insulting the country ?
Hows about reversing that thought and consider that DRC is insulting AVZ..........
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Hows about reversing that thought and consider that DRC is insulting AVZ..........
MoneyBags1348
Top 20
On the business of ASX Announcements, I've had correspondence at least a dozen times over the years with the ASX Listing Compliance Section as well as ASIC and I'm sure the ASX will be fully supporting AVZ.
On the business of decision making in the DRC, Cominiere is a state owned Mining Company that is 90% owned by the state, so that gives you an idea of where the power lies. Cominiere have been running at a loss (or probably more accurately Going Bankrupt) for years which is one reason they have gotten away with taking bribes from mining companies in the DRC, just so they can keep operating. This is embarrassing enough for the DRC government, but worse still is that it appears Corruption's mate.... 'Greed' realised the value of Dathcom and isn't happy giving AVZ the % ownership it legally acquired after 6 years of proving up the resource including:
Carrying 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; Obtaining a site for establishing a logistics infrastructure plan; And spending millions of dollars and Supporting the Local Community….
Producing an 85 page Sustainability Report committing to:
Environmental and Social Governance (ESG); Socio - economic benefits; Preserving environmental values; Providing a transparent and ethical supply chain; Ending poverty; Improving health and education; Reducing inequality; Contributing to economic growth; Minimising greenhouse gas emissions; Preserving biodiversity; Restoring the Mpiana Mwanga Power Plant; Supplying energy to local communities; Making a positive contribution to the lives of people in the region; Providing direct and indirect employment opportunities; Leaving a positive legacy for future generations and Maintaining a strong sense of loyalty
Nicolas Kazadi is the DRC Finance Minister and has lots of knowledge and experience when it comes to corruption in the DRC mining sector and he has known about Dathcom's situation for a long time. I don't believe for a second that he and Felix don't know what is going on, so it seems non state actors like Zigin, Simon Cong and other Chinese actors and companies need to be kept in the spotlight
@BEISHA.... You don't want to upset me?! That'd be a first
I agree with your comments BEISH.Just watched an interview with Nicolas Kazadi and he was stressing the importance of time and how the DRC needs to get the battery manufacturing up and running as soon as possible. He also mentioned the importance of ESG which you can see we fulfilled in the Sustainability Report
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...
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This is how I see it as well.
All the posts talking about 60% 51% 75%.. meaningless.
We give away some % to corruption then its the whole project gone IMO. Kiss your money goodbye and pray you get something back from ICC after 3-4 years. That is IMO what the board is fighting for - to keep the project in itself.
9cardomaha
Regular
How does this constitute intel....
Could just set up a whatsapp for the neighbour's beagle Nigel and grab the missus' phone and send myself some messages....
According to those messages, i am going to get 1,000,000 free shares, and ZJ has offered us $30. Also, nigel shared that he is more a Coon fan, but respects my decision to use Cracker Barrel for my grater wank.
Herp derp
Samus
Top 20
Mickyb64
Regular
I've been buying Bega ever since they changed the name.
MoneyBags1348
Top 20
On the business of ASX Announcements, I've had correspondence at least a dozen times over the years with the ASX Listing Compliance Section as well as ASIC and I'm sure the ASX will be fully supporting AVZ.
On the business of decision making in the DRC, Cominiere is a state owned Mining Company that is 90% owned by the state, so that gives you an idea of where the power lies. Cominiere have been running at a loss (or probably more accurately Going Bankrupt) for years which is one reason they have gotten away with taking bribes from mining companies in the DRC, just so they can keep operating. This is embarrassing enough for the DRC government, but worse still is that it appears Corruption's mate.... 'Greed' realised the value of Dathcom and isn't happy giving AVZ the % ownership it legally acquired after 6 years of proving up the resource including:
Carrying 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; Obtaining a site for establishing a logistics infrastructure plan; And spending millions of dollars and Supporting the Local Community….
Producing an 85 page Sustainability Report committing to:
Environmental and Social Governance (ESG); Socio - economic benefits; Preserving environmental values; Providing a transparent and ethical supply chain; Ending poverty; Improving health and education; Reducing inequality; Contributing to economic growth; Minimising greenhouse gas emissions; Preserving biodiversity; Restoring the Mpiana Mwanga Power Plant; Supplying energy to local communities; Making a positive contribution to the lives of people in the region; Providing direct and indirect employment opportunities; Leaving a positive legacy for future generations and Maintaining a strong sense of loyalty
Nicolas Kazadi is the DRC Finance Minister and has lots of knowledge and experience when it comes to corruption in the DRC mining sector and he has known about Dathcom's situation for a long time. I don't believe for a second that he and Felix don't know what is going on, so it seems non state actors like Zigin, Simon Cong and other Chinese actors and companies need to be kept in the spotlight
@BEISHA.... You don't want to upset me?! That'd be a first
Just watched an interview with Nicolas Kazadi and he was stressing the importance of time and how the DRC needs to get the battery manufacturing up and running as soon as possible. He also mentioned the importance of ESG which you can see we fulfilled in the Sustainability Report
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...www.ft.com
The trouble with investing heavily in AVZ, having a responsibility of keeping up to date with all things AVZ and being part of this forum…. Is that you are constantly reviewing your own, as well as other’s information and opinions and constantly reassessing them
My final thoughts for the day (hopefully) after going back over recent information is that the announcement on Friday was merely to make clear to the ASX that the main reason for the continuing suspension is the fact that non state (Chinese) actors are continuing to obstruct the outcome regarding our ML
I personally believe that this is a part of the obstruction that the DRC government could easily remedy if they chose, however the illegal sale of shares by state owned Cominiere has made it clear what the project is worth and greed now says
Or in other words…. The DRC wants a greater percentage of the project now that you have done all the work and we know what it is worth.
I wouldn’t be surprised if they care or not whether Zigin is in on it or not…. The President, the Prime Minister, the Finance Minister, the Mining Minister and the Portfolio Minister all know all there is to know about this project (including all the illegalities, fraudulence, corruption and what it’s worth) and they now want more for themselves
Anyway that’s what I think, here’s a little reminder…. They say Celestin Kibeya operates outside of the President and Portfolio Minister’s orders, I say bullshit
If ever there was a photo that should be put in the dictionary next to the word greed, it would be this one
Sale of the mining assets of Cominière SA: Technical director Célestin Kibeya accused of complicity and usurpation of competence
Congolese civil society organizations and platforms specializing in mining issues (Justicia Asbl, LICOCO, RND Asbl, POM, MDR, GANVE, CDH, ESPOIR ONG, RCEN, CERN/CENCO, TPRDC, MAX IMPACT), monitoring exploitation of natural resources in the Democratic Republic of Congo, accused, in a press release, the technical director Célestin Kibeya Kabemba of being no stranger to the selling off of the mining assets of the Congolese mining company (Cominière SA).Worse still, the man exercises the functions of interim Director General without presidential order, nor decree of the ministry of supervision, that of the Portfolio, even less a report of the Board of directors.
"Already on October 26, 2022, when the interim Managing Director Mwamba Athanase was not yet in the hands of Congolese justice, the same Mr. Kibeya had co-signed as '' Managing Director ai '' on behalf of Cominière SA a press release press attributed to UNITED COMINIERE SAS with Eric Allard, a convicted person in Lubumbashi for forgery and use of forgery, and Michel Kitwa Nelkin. “, denounce these NGOs.
These structures draw the particular attention of the President of the Republic, Félix Félix Tshisekedi and the Prime Minister, Jean-Michel Sama Lukonde to these facts. "Mr. Célestin Kibeya is one of the key players in the sale of Cominière SA shares to Jin Cheng Mining Company Limited (a subsidiary of Zijin) and the undervaluation of the market value castigated by the General Inspectorate of Finance ( IGF) and for which Mr. Mwamba is the only one warned to date, while several elements demonstrate internal teamwork at Cominière SA. “, warn these civil society structures.
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Winenut
Go AVZ!
I agree
"Who" sent this
to Jens???Could be absolutely fucking anybody!
Anyway enough of my groaning
I do like the fact we have added another colourful term to our TSE vernacular....."grater wank"
Seems to fit very nicely with others that have shown up such as circle jerk, rat fucking, the mantle, Green Mamba etc etc
Feel free to add your favourites to the thread and remind us of the laughs along the journey......we probably need a few at the moment!
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They can do whatever they want.
That's why we're in this shit fight in the first place.
Just means taking them to court/claiming damages which will likely be years.
Winenut
Go AVZ!
I agree
"Who" sent this
View attachment 33494
Could be absolutely fucking anybody!
Anyway enough of my groaning
I do like the fact we have added another colourful term to our TSE venacular....."grater wank"
Seems to fit very nicely with others that have shown up such as circle jerk, rat fucking, the mantle, Green Mamba etc etc
Feel free to add your favourites to the thread and remind us of the laughs along the journey......we probably need a few at the moment!
"Imminent"
Fuck me
I will never ever be able to see that word again without having flashbacks and an associated aneurysm...
I totally agree.I tend to agree
I think at this point it does seem that attacking the DRC players involved could potentially be counter-productive
Strongly getting the positive AVZ messages out there and showing their respect for the laws and the mining code and the Congolese community will win over more supporters and increase pressure to get a good outcome
And yes continuing to swiftly and strongly rebutt any misinformation out there with straightforward honesty and facts is an absolute must
Just maybe we are positioning for some moves on the chessboard and a return to trading?
I understand this forum is a release for frustrations but many in the group have become very close with a lot of comments becoming too personal towards important figures in the DRC.
I cringe when I read about people’s drinking issues as I can only imagine how overseas people are making false assumptions about our bogan culture.
Australia is a rich mining country and AVZ will create a model for how mines should be run to benefit all stakeholders….with the assurance the people of Manono will finally get more prosperous lives.
We can be critical about corruption however I hope we can word it in a way that is professional and not personal.
The Africans have a saying that a hungry politician can never be trusted…the depth of the corruption and ingrained outside influences have created this illegal nightmare.
Please note that these are my views which many will rightfully disagree with due to their own circumstances.
AVZ who will be good for the DRC people and will only partner with companies who can demonstrate the same moral values.
Good luck to all holders….AVZ will be a great Australian success story!
Ps- thanks to all her provide their views and technical knowledge. While I never post I am grateful for the updates provided.
John25
Regular
Royal Shit Show /Fuck Feast ….Jens ,full of his/hers/others importance …lost credibility when stated good news happening in a couple of weeks …self absorbed WANKERI agree
"Who" sent this
View attachment 33494
Could be absolutely fucking anybody!
Anyway enough of my groaning
I do like the fact we have added another colourful term to our TSE vernacular....."grater wank"
Seems to fit very nicely with others that have shown up such as circle jerk, rat fucking, the mantle, Green Mamba etc etc
Feel free to add your favourites to the thread and remind us of the laughs along the journey......we probably need a few at the moment!
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TheCount
Regular
Well aren’t you a little ray of fucking golden sunshine…. Who the fuck are to say we have a bogan culture. For fuck sake get off your high horse and read the room, pinhead.
The amazing BOD have fucked this for 46 weeks. Add to that a POLITICIAN voted in on an anti-corruption platform and guess what we have here? CORRUPTION!!!
Thanks for your hollow concern, no one here has a drinking problem - got plenty to choose from.
Cheers.
TC.
Winenut
Go AVZ!
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My thoughts are similar. Venting ain’t gonna change shite. Ignore the hater wet towels that want to spread their own disapproval like a sloppy std.
RHyNO
Regular
I appreciate the sentiment buddy. But people are using this space as a mental health punching bag and it’s been that way for a while. If you’re looking for positive insight that follows the rules. You’ll get it in the official company announcements. Many of us myself included come here to let of steam. And mate I eat bogans for breakfast
FilthyRich2
Regular
Actualité | Lithium – Manono : AVZ Minerals et Cominière SA pour le dialogue | mediacongo.net
La société civile de Manono, dans la province du Tanganyika, est préoccupé par la tension qui persiste entre AVZ Minerals et Cominière SA....
www.mediacongo.net
Not sure if this has been posted over weekend as I have been offline
Civil society in Manono, Tanganyika province, is concerned about the ongoing tension between AVZ Minerals and Cominière SA. For nearly a year, the violins were no longer in agreement between these two partner companies in the exploitation of Lithium in Manono. They accused each other of opacity. As a result, the Minister of Mines cancelled the Lithium P 13259 operating licence a few months ago. However, it was already issued to Dathcom, a joint venture of Cominière, a state-owned company, and AVZ Minerals, a company listed on the Australian stock exchange. On Wednesday, civil society brought delegates from two partners around a table for a dialogue.
Whether it's civil society organizations in Manono or churches, all are worried. The conflict between the two partner companies is a blockage for Manono's development. Indeed, in May 2022, the Minister of Mines, Mrs. Antoinette N'samba Kalambay signed the operating permit of Dathcom Mining SA for the exploitation of Manono's Lithium. But since then, the exploitation of this strategic mineral has still not started in Manono.
Manono Civil Society Mediation
In view of this situation, civil society in Manono decided to play the role of mediator in this conflict. Father Moïse Kiluba, president of this citizen structure, was accompanied in this process by Monsignor Vincent de Paul, Bishop of Manono. Also, the Methodist Church has delegated Monsignor Guy Mande. After meetings on Wednesday, civil society and the two religious leaders gathered in Lubumbashi delegates from both parties.
The general manager a.i. of Cominière Célestin Kibeya, staying in Kinshasa, took part by videoconference. As for AVZ Minerals, three delegates also participated in the meeting by videoconference, including the representative in the DRC Baltazar Tshiseke. The two bishops recommended that Cominière and AVZ Minerals engage in dialogue. This will make it possible to restart the process of rehabilitating the operating permit.
According to Father Moïse Kiluba of civil society, the delegates of the two companies have made the commitment to organize the general assembly of the company Dathcom SA. However, this meeting will be preceded by other meetings at the level of each company. As a result, civil society in Manono welcomes this progress.
Reasons for the dispute
As a reminder, several facts are at the root of the dispute between Cominière and AVZ Mineral. Among the reasons, civil society organizations in the DRC talk about the turmoil around the acquisition of shares in the Dathcom joint venture. Zijin, a Chinese company, for example, bought a 15% stake in Cominière. For these organizations, this takeover took place "in violation of the laws of the Republic".
For its part, Cominière accuses its partner AVZ of opacity. She cites, for example, the signature between former Minister of Water Resources and Electricity Eustache Muhanzi and AVZ POWER. This memorandum of understanding concerns the rehabilitation of the Mpyana Mwanga I and II dam located in the territory of Manono. For the state-owned company Cominière, this agreement is illegal.
In Manono, the community hopes that the two partners will transcend their difference. To this end, they will be able to give priority to the development of this entity.
Manono's Lithium is a 6.6 million tonne deposit. Thanks to this reserve, the DRC should rank 2nd among the countries holding this resource, just after Chile (7 million tons of reserve).
La Guardia / MCP magazine, via mediacongo.net
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