AVZ Discussion 2022

[Samus]

Congo's problem is the CONGOLESE. The Behavior of the Chinese in #RDC is the Congolese. Insecurity is the Congolese. Corruption is the Congolese. From the plundering of resources, it is the Congolese. Political evil is the Congolese. What to do ?

 

[bloke383]

12ft

AVZ wins embassy support in DRC mine stoush​

Tom RichardsonMarkets reporter and commentator
Apr 14, 2023 – 3.26pm
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Embattled lithium explorer AVZ Minerals said it met with Australia’s ambassador designate to the Democratic Republic of Congo, and received a commitment to work with the miner in its efforts to obtain a mining license in the resource rich African nation.
The request for government support comes as the Albanese government signalled its critical minerals strategy will push back against Chinese investors’ dominance of clean energy supply chains.
AVZ said it met Minoli Perera, Australia’s ambassador to Zimbabwe at an unspecified location. Ms Perera has accreditation to the DRC where Australia has no official embassy in a country that has significant political instability and security risks.

The Perth-headquartered miner is locked in a battle with Chinese and DRC stakeholders for control of potentially the world’s most valuable untapped lithium deposit named Manono, after its mining license was cancelled by the DRC government in January.
If AVZ cannot obtain a new mining license its shareholder base of institutional Chinese investors and Australian retail investors face a potential $2.7 billion paper wealth wipeout.



AVZ said “no comment” to questions around claims from a DRC source that its chief executive Nigel Ferguson is currently in the country seeking to meet with its minister for regional planning Guy Loando. The minister is a senior member of the government of President Felix Tshisekedi.
The source claimed Minister Loando may arrange a meeting for Mr Ferguson with President Tshisekedi, who is regarded as the ultimate power broker to resolve the dispute between warring stakeholders. AFR Weekend is unable to verify the claims Mr Ferguson is in the DRC.

Sharemarket limbo​

On Wednesday in an announcement to the sharemarket, AVZ said it couldn’t comply with listing rules around disclosure partly because the DRC is a “challenging” mining jurisdiction and the intention of its government is too unclear to warrant disclosure.
A potential International Chamber of Commerce dispute between AVZ and rival Chinese miner scheduled for April 23 has also been postponed for unspecified reasons, fuelling speculation some movement is expected to resolve the deal.
AVZ claims it has valid legal title to 75 per cent of the project and has regularly rubbished claims by rival stakeholders Dathomir and Zijin Mining over ownership interests totalling 30 per cent of the Manono project.

The Perth-based miner’s agent in the DRC, Marius Mihigo, again used Twitter on Thursday to accuse Zijin of underhand payments in acquiring its stake. Mr Mihigo added “Zijin will not succeed in stealing the project.” Zijin has denied the accusations.
Fortescue Metals Group has also partnered with the DRC to develop hydroelectric power at the Grand Inga Project, although news wire Africa Intelligence said on April 11 that the project has been plagued by delays.

AVZ said “no comment” to questions around claims from a DRC source that its chief executive Nigel Ferguson is currently in the country seeking to meet with its minister for regional planning Guy Loando. The minister is a senior member of the government of President Felix Tshisekedi.
The source claimed Minister Loando may arrange a meeting for Mr Ferguson with President Tshisekedi, who is regarded as the ultimate power broker to resolve the dispute between warring stakeholders. AFR Weekend is unable to verify the claims Mr Ferguson is in the DRC.

I know it's only an article from Tommy but I sincerely hope we aren't relying on Guy Loando to arrange a meeting with Felix .... because that request will never reach him , like last time . I thought that's why we were paying Marius Mihigo the dollars .... to be able to have direct communication with Felix ?

 

[wombat74]

AVZ said “no comment” to questions around claims from a DRC source that its chief executive Nigel Ferguson is currently in the country seeking to meet with its minister for regional planning Guy Loando. The minister is a senior member of the government of President Felix Tshisekedi.
The source claimed Minister Loando may arrange a meeting for Mr Ferguson with President Tshisekedi, who is regarded as the ultimate power broker to resolve the dispute between warring stakeholders. AFR Weekend is unable to verify the claims Mr Ferguson is in the DRC.

I know it's only an article from Tommy but I sincerely hope we aren't relying on Guy Loando to arrange a meeting with Felix .... because that request will never reach him , like last time . I thought that's why we were paying Marius Mihigo the dollars .... to be able to have direct communication with Felix ?

The Aussie Ambassador will rally the US . Tommy the turd is talking sh1t . Australia and the USA are brothers in Arms . China is the Enemy .

 

[Xerof]

AVZ said “no comment” to questions around claims from a DRC source that its chief executive Nigel Ferguson is currently in the country seeking to meet with its minister for regional planning Guy Loando. The minister is a senior member of the government of President Felix Tshisekedi.
The source claimed Minister Loando may arrange a meeting for Mr Ferguson with President Tshisekedi, who is regarded as the ultimate power broker to resolve the dispute between warring stakeholders. AFR Weekend is unable to verify the claims Mr Ferguson is in the DRC.

I know it's only an article from Tommy but I sincerely hope we aren't relying on Guy Loando to arrange a meeting with Felix .... because that request will never reach him , like last time . I thought that's why we were paying Marius Mihigo the dollars .... to be able to have direct communication with Felix ?

 

[Winenut]

On a totally non topical subject if anyone is in SA for Gather Round I hope you have a great time and enjoy the football and the many beautiful things this state has to offer

Apart from the footy get into the many great pubs and restaurants

Get to>
The Adelaide Hills (cool climate whites and reds, food and SOOOO close to the CBD)
Barossa (classic Shiraz and warmer climate reds)
McLaren Vale (great Grenache and blends)
Langhorne Creek (seriously great value underated reds)
Currency Creek (great mix of varietals with some Italian getting in there)
Southern Fleurieu (great varietal mix again and some cool breweries)
Clare Valley (fuck it just drink the Riesling!!!!.....oh and ride the Riesling trail)
Eden Valley (cooler Barossa climate so elegant wines and some great minerally Rieslings)

If anyone wants some tips on wineries, restaurants (Italian, Modern, Casual, Chinese, Thai, Argentinian, Indian, Steak, Grill, Charcoal), cool small bars and venues, great destinations( scenery/walks) etc just post a query here on the thread.....I'd be more than happy to help out and everyone can see the feedback

Beats thinking about AVZ and the DRC for a while!

Cheers
Nut

 

[Mr Inappropriate]

On a totally non topical subject if anyone is in SA for Gather Round I hope you have a great time and enjoy the football and the many beautiful things this state has to offer

Apart from the footy get into the many great pubs and restaurants

Get to>
The Adelaide Hills (cool climate whites and reds, food and SOOOO close to the CBD)
Barossa (classic Shiraz and warmer climate reds)
McLaren Vale (great Grenache and blends)
Langhorne Creek (seriously great value underated reds)
Currency Creek (great mix of varietals with some Italian getting in there)
Southern Fleurieu (great varietal mix again and some cool breweries)
Clare Valley (fuck it just drink the Riesling!!!!.....oh and ride the Riesling trail)
Eden Valley (cooler Barossa climate so elegant wines and some great minerally Rieslings)

If anyone wants some tips on wineries, restaurants (Italian, Modern, Casual, Chinese, Thai, Argentinian, Indian, Steak, Grill, Charcoal), cool small bars and venues, great destinations( scenery/walks) etc just send me a message.....I'd be more than happy to help out

Beats thinking about AVZ and the DRC for a while!

Cheers
Nut

Seriously, what the fuck would you know about wine, wino?

Also, white wine - is that even a thing?

 

[Winenut]

Seriously, what the fuck would you know about wine, wino?

Also, white wine - is that even a thing?

.....yep!

 

[Largus Averta]

Seriously, what the fuck would you know about wine, wino?

Also, white wine - is that even a thing?

yes

 

[Azzler]

On a totally non topical subject if anyone is in SA for Gather Round I hope you have a great time and enjoy the football and the many beautiful things this state has to offer

Apart from the footy get into the many great pubs and restaurants

Get to>
The Adelaide Hills (cool climate whites and reds, food and SOOOO close to the CBD)
Barossa (classic Shiraz and warmer climate reds)
McLaren Vale (great Grenache and blends)
Langhorne Creek (seriously great value underated reds)
Currency Creek (great mix of varietals with some Italian getting in there)
Southern Fleurieu (great varietal mix again and some cool breweries)
Clare Valley (fuck it just drink the Riesling!!!!.....oh and ride the Riesling trail)
Eden Valley (cooler Barossa climate so elegant wines and some great minerally Rieslings)

If anyone wants some tips on wineries, restaurants (Italian, Modern, Casual, Chinese, Thai, Argentinian, Indian, Steak, Grill, Charcoal), cool small bars and venues, great destinations( scenery/walks) etc just post a query here on the thread.....I'd be more than happy to help out and everyone can see the feedback

Beats thinking about AVZ and the DRC for a while!

Cheers
Nut

Yeah nice Nut, but I think we're all on the 2 minute noodles until all this blows over.
I've been buying the 8 buck 2L Lachlan Ridge goon sacks lately...

Actually I was just looking at Youtube videos about starting your own winery, I'm looking at moving up to the Shoalhaven area, and am wondering what I can do in my retirement.
Wonder how many reds you can produce on 1 acre of vineyard?

 

[Winenut]

Yeah nice Nut, but I think we're all on the 2 minute noodles until all this blows over.
I've been buying the 8 buck 2L Lachlan Ridge goon sacks lately...

Actually I was just looking at Youtube videos about starting your own winery, I'm looking at moving up to the Shoalhaven area, and am wondering what I can do in my retirement.
Wonder how many reds you can produce on 1 acre of vineyard?

I am the master of the great "value" wine

"Grange" etc overated and over worked

I can always provide "intel" on great buys on a budget!

Of course I don't mind spending a bit more on something special....matched with the right food of course!

 

[Winenut]

Yeah nice Nut, but I think we're all on the 2 minute noodles until all this blows over.
I've been buying the 8 buck 2L Lachlan Ridge goon sacks lately...

Actually I was just looking at Youtube videos about starting your own winery, I'm looking at moving up to the Shoalhaven area, and am wondering what I can do in my retirement.
Wonder how many reds you can produce on 1 acre of vineyard?

Not sure on what volume of decent grapes you'll get out of a young vineyard on one acre but I adhere to the sage old advice

"How do you make a small fortune"?????

"Start with a large fortune and buy a winery"!

 

[Azzler]

Holy shit Musk! This is hilarious for so many reasons.
Imagine if this was his first tweet after buying twitter! lol the world would go insane.

 

[Deleted member 1612]

Not sure on what volume of decent grapes you'll get out of a young vineyard on one acre but I adhere to the sage old advice

"How do you make a small fortune"?????

"Start with a large fortune and buy a winery"!

I like this drink angle. Can we all get back to happy snaps of our drinks. The good old days.

 

[Frank]

Zijin Mining sues the $1.5 million agreement signed between AVZ and Marius Mihigo

Chinese miner Zijin Mining has ratcheted up the pressure on AVZ Minerals by claiming the latter's US$1 million ($1.5 million) cash payment to Congolese middleman Marius Mihigo is unacceptable and contrary to the rules of the mining framework of the Democratic Republic of the Congo.

The rant fuels a sprawling standoff between Chinese, Australian and Congolese stakeholders over the ownership rights of the world's potentially most valuable untapped lithium project in Manono, southeastern Democratic Republic of Congo. .

"The agreement to pay such fees to intermediary Mr. Mihigo remains shrouded in secrecy and is of serious concern to Zijin Mining," said Chen Chen, Zijin's attorney.

“The DRC has a comprehensive legal framework for mining, which does not require additional fees or lobbying by agents to obtain a mining license.

This behavior is unacceptable and contrary to the philosophy of Zijin Mining,” he added.

The lawyer said an International Chamber of Commerce arbitration hearing scheduled in Paris between his legal team and AVZ on April 23 has been postponed for unspecified reasons.

Meanwhile, the Australian Securities Exchange has suspended AVZ for failing to comply with its listing rules, after the former S&P/ASX 200 member said it was unable to disclose full information to the market. .

The company also said it did not disclose Manono's ownership disputes in 2021 because they were not material to its business.

Towards an open conflict?

Since the Australian Financial Review reported that Mr Mihigo had accepted a US$1 million cash payment from AVZ, the consultant has denied any unacceptable conduct and claimed in the Financial Times of London, French public broadcaster France 24 and DRC media that Zijin was behind an "orchestrated disinformation campaign" aimed at defaming him and AVZ.

It is recalled that Mihigo publicly complained about the release of AVZ's plan to pay him an additional success bonus of US$3 million and US$2 million in stock, for a total of US$5 million. , if the mining license was granted.

On June 2, AVZ's board of directors agreed to hire law firm DLA Piper to conduct a review of its plan to offer the $5 million success bonus.

DLA Piper later advised against agreeing to pay the success bonus, which was dropped.

At the TCC hearing later this year, AVZ will seek to have Zijin's claim for a 15% ownership interest in Manono dismissed, on the grounds that the court lacks jurisdiction.

Zijin says it bought a 15% stake in Manono in November 2021 for US$33.4 million from Congolese state-backed mining body Cominiere.

However, AVZ has repeatedly denied this claim, calling it "misleading" and not backed by any legal authority.

The Perth-based mining company says it still owns 75% of Manono, with the transfer of 15% breaching the joint venture agreement with seller Cominiere.

mediacongo


Let's remember their track record.

Here are some examples of the negative impact the company has had:

Toxic Spills: In 2010, a tailings dam at Zijin's copper mine in Fujian province collapsed, causing 2,000 tons of toxic waste to spill into a nearby river.

The incident resulted in severe environmental damage and widespread protests from local residents.

Human Rights Violations:

In 2015, Zijin Mining was accused of violating the rights of workers at its copper mine in Tibet.

According to a report by Human Rights Watch, workers were subjected to forced labor, long working hours, and dangerous working conditions.

Illegal Mining: In 2016, Zijin was found to be operating an illegal gold mine in Indonesia.

The company was fined $5.2 million and ordered to cease operations at the mine.

Wildlife Destruction: In 2018, Zijin was accused of causing significant damage to a protected wetland area in Papua New Guinea.

The company had been granted a permit to conduct exploration activities in the area, but local residents and environmental groups claimed that the company had caused significant damage to the ecosystem.

Controversial Investments: Zijin has also faced criticism for its investments in controversial projects, such as the Porgera gold mine in Papua New Guinea, which has been accused of human rights abuses and environmental destruction.

*Thanks to Kenton on the Crapper for that

Food for thought

Cheers

Frank

 

[Frank]

View attachment 34259

 

[Winenut]

Zijin Mining sues the $1.5 million agreement signed between AVZ and Marius Mihigo

View attachment 34278

Chinese miner Zijin Mining has ratcheted up the pressure on AVZ Minerals by claiming the latter's US$1 million ($1.5 million) cash payment to Congolese middleman Marius Mihigo is unacceptable and contrary to the rules of the mining framework of the Democratic Republic of the Congo.

The rant fuels a sprawling standoff between Chinese, Australian and Congolese stakeholders over the ownership rights of the world's potentially most valuable untapped lithium project in Manono, southeastern Democratic Republic of Congo. .

"The agreement to pay such fees to intermediary Mr. Mihigo remains shrouded in secrecy and is of serious concern to Zijin Mining," said Chen Chen, Zijin's attorney.

“The DRC has a comprehensive legal framework for mining, which does not require additional fees or lobbying by agents to obtain a mining license.

This behavior is unacceptable and contrary to the philosophy of Zijin Mining,” he added.

The lawyer said an International Chamber of Commerce arbitration hearing scheduled in Paris between his legal team and AVZ on April 23 has been postponed for unspecified reasons.

Meanwhile, the Australian Securities Exchange has suspended AVZ for failing to comply with its listing rules, after the former S&P/ASX 200 member said it was unable to disclose full information to the market. .

The company also said it did not disclose Manono's ownership disputes in 2021 because they were not material to its business.

Towards an open conflict?

Since the Australian Financial Review reported that Mr Mihigo had accepted a US$1 million cash payment from AVZ, the consultant has denied any unacceptable conduct and claimed in the Financial Times of London, French public broadcaster France 24 and DRC media that Zijin was behind an "orchestrated disinformation campaign" aimed at defaming him and AVZ.

It is recalled that Mihigo publicly complained about the release of AVZ's plan to pay him an additional success bonus of US$3 million and US$2 million in stock, for a total of US$5 million. , if the mining license was granted.

On June 2, AVZ's board of directors agreed to hire law firm DLA Piper to conduct a review of its plan to offer the $5 million success bonus.

DLA Piper later advised against agreeing to pay the success bonus, which was dropped.

At the TCC hearing later this year, AVZ will seek to have Zijin's claim for a 15% ownership interest in Manono dismissed, on the grounds that the court lacks jurisdiction.

Zijin says it bought a 15% stake in Manono in November 2021 for US$33.4 million from Congolese state-backed mining body Cominiere.

However, AVZ has repeatedly denied this claim, calling it "misleading" and not backed by any legal authority.

The Perth-based mining company says it still owns 75% of Manono, with the transfer of 15% breaching the joint venture agreement with seller Cominiere.

mediacongo


Let's remember their track record.

Here are some examples of the negative impact the company has had:

Toxic Spills: In 2010, a tailings dam at Zijin's copper mine in Fujian province collapsed, causing 2,000 tons of toxic waste to spill into a nearby river.

The incident resulted in severe environmental damage and widespread protests from local residents.

Human Rights Violations:

In 2015, Zijin Mining was accused of violating the rights of workers at its copper mine in Tibet.

According to a report by Human Rights Watch, workers were subjected to forced labor, long working hours, and dangerous working conditions.

Illegal Mining: In 2016, Zijin was found to be operating an illegal gold mine in Indonesia.

The company was fined $5.2 million and ordered to cease operations at the mine.

Wildlife Destruction: In 2018, Zijin was accused of causing significant damage to a protected wetland area in Papua New Guinea.

The company had been granted a permit to conduct exploration activities in the area, but local residents and environmental groups claimed that the company had caused significant damage to the ecosystem.

Controversial Investments: Zijin has also faced criticism for its investments in controversial projects, such as the Porgera gold mine in Papua New Guinea, which has been accused of human rights abuses and environmental destruction.

*Thanks to Kenton on the Crapper for that

Food for thought

Cheers

Frank

Oh fuck me!!!

Really!!

The knts who illegally claim to have acquired 15% of the project from Cominiere for $33M instead of the value $150M without AVZ's FROR being enacted and have apparently paid about $1.5-$2M to corrupt DRC ministers and officials in that transaction are crying foul of our consulting fees and arrangements ????????


GO AND GET ABSOLUTELY FUCKED ZIJIN!

 

[John25]

A bit of Friday Night music .......Everything’s all right SH’s

 

[j.l]

AVZ said “no comment” to questions around claims from a DRC source that its chief executive Nigel Ferguson is currently in the country seeking to meet with its minister for regional planning Guy Loando. The minister is a senior member of the government of President Felix Tshisekedi.
The source claimed Minister Loando may arrange a meeting for Mr Ferguson with President Tshisekedi, who is regarded as the ultimate power broker to resolve the dispute between warring stakeholders. AFR Weekend is unable to verify the claims Mr Ferguson is in the DRC.

I know it's only an article from Tommy but I sincerely hope we aren't relying on Guy Loando to arrange a meeting with Felix .... because that request will never reach him , like last time . I thought that's why we were paying Marius Mihigo the dollars .... to be able to have direct communication with Felix ?

Good old Guy Loando. Former AVZ director. One of the five conspirators tagged by Nigel at the roadshow. Oh, the twists and turns on the road to Manono (bro).

 

[obe wan]

Zijin Mining sues the $1.5 million agreement signed between AVZ and Marius Mihigo

View attachment 34278

Chinese miner Zijin Mining has ratcheted up the pressure on AVZ Minerals by claiming the latter's US$1 million ($1.5 million) cash payment to Congolese middleman Marius Mihigo is unacceptable and contrary to the rules of the mining framework of the Democratic Republic of the Congo.

The rant fuels a sprawling standoff between Chinese, Australian and Congolese stakeholders over the ownership rights of the world's potentially most valuable untapped lithium project in Manono, southeastern Democratic Republic of Congo. .

"The agreement to pay such fees to intermediary Mr. Mihigo remains shrouded in secrecy and is of serious concern to Zijin Mining," said Chen Chen, Zijin's attorney.

“The DRC has a comprehensive legal framework for mining, which does not require additional fees or lobbying by agents to obtain a mining license.

This behavior is unacceptable and contrary to the philosophy of Zijin Mining,” he added.

The lawyer said an International Chamber of Commerce arbitration hearing scheduled in Paris between his legal team and AVZ on April 23 has been postponed for unspecified reasons.

Meanwhile, the Australian Securities Exchange has suspended AVZ for failing to comply with its listing rules, after the former S&P/ASX 200 member said it was unable to disclose full information to the market. .

The company also said it did not disclose Manono's ownership disputes in 2021 because they were not material to its business.

Towards an open conflict?

Since the Australian Financial Review reported that Mr Mihigo had accepted a US$1 million cash payment from AVZ, the consultant has denied any unacceptable conduct and claimed in the Financial Times of London, French public broadcaster France 24 and DRC media that Zijin was behind an "orchestrated disinformation campaign" aimed at defaming him and AVZ.

It is recalled that Mihigo publicly complained about the release of AVZ's plan to pay him an additional success bonus of US$3 million and US$2 million in stock, for a total of US$5 million. , if the mining license was granted.

On June 2, AVZ's board of directors agreed to hire law firm DLA Piper to conduct a review of its plan to offer the $5 million success bonus.

DLA Piper later advised against agreeing to pay the success bonus, which was dropped.

At the TCC hearing later this year, AVZ will seek to have Zijin's claim for a 15% ownership interest in Manono dismissed, on the grounds that the court lacks jurisdiction.

Zijin says it bought a 15% stake in Manono in November 2021 for US$33.4 million from Congolese state-backed mining body Cominiere.

However, AVZ has repeatedly denied this claim, calling it "misleading" and not backed by any legal authority.

The Perth-based mining company says it still owns 75% of Manono, with the transfer of 15% breaching the joint venture agreement with seller Cominiere.

mediacongo


Let's remember their track record.

Here are some examples of the negative impact the company has had:

Toxic Spills: In 2010, a tailings dam at Zijin's copper mine in Fujian province collapsed, causing 2,000 tons of toxic waste to spill into a nearby river.

The incident resulted in severe environmental damage and widespread protests from local residents.

Human Rights Violations:

In 2015, Zijin Mining was accused of violating the rights of workers at its copper mine in Tibet.

According to a report by Human Rights Watch, workers were subjected to forced labor, long working hours, and dangerous working conditions.

Illegal Mining: In 2016, Zijin was found to be operating an illegal gold mine in Indonesia.

The company was fined $5.2 million and ordered to cease operations at the mine.

Wildlife Destruction: In 2018, Zijin was accused of causing significant damage to a protected wetland area in Papua New Guinea.

The company had been granted a permit to conduct exploration activities in the area, but local residents and environmental groups claimed that the company had caused significant damage to the ecosystem.

Controversial Investments: Zijin has also faced criticism for its investments in controversial projects, such as the Porgera gold mine in Papua New Guinea, which has been accused of human rights abuses and environmental destruction.

*Thanks to Kenton on the Crapper for that

Food for thought

Cheers

Frank

And who exactly do they sue ….. Tommy’s article yesterday where Zijin piped up about the consultation fees which AVZ are paying to Marius ( which were already looked at by DLA Piper ) …. Pretty shortly after that, the $1.6m paid to Madam Lisette Kabanga for the swindling of 15% in Dathcom was lobbed back over the wall by Marius ….

I’ve heard of figures of in between $80-100m in brown bags which have already been paid out by those acting on behalf of Zijin / Zijin in order to get some Manono pie at all cost …. I reckon a list of names and details are ready to be placed on the table in front of Zijin when they are finally ready to see them … they probably would have gotten a sneak peak at ICC if it hadn’t gotten delayed for ‘unspecified reasons’

 

[Mr Inappropriate]

Oh fuck me!!!

Really!!

The knts who illegally claim to have acquired 15% of the project from Cominiere for $33M instead of the value $150M without AVZ's FROR being enacted and have apparently paid about $1.5-$2M to corrupt DRC ministers and officials in that transaction are crying foul of our consulting fees and arrangements ????????


GO AND GET ABSOLUTELY FUCKED ZIJIN!

You couldn‘t even make this up. These people are morally bankrupt, and among the most repugnant people to walk this earth.

And to think the old mate T-bag is doing the bidding of these evil khunts beggars belief.