AVZ Discussion 2022
- Thread starter GazDix
- Start date
Wow. The DRC government are about as useful as a wet towel.
Another PRE- FEASABILITY study!
Are these guys honestly retarded? They've kicked off that many roadshows with bloody councils, SEZ, battery hubs, etc, you flipping name it! Remember that shit show in December 2021? That turned into a bag of hot air.
Where THE FARK are you getting battery content from DRC? Out your arse? Coz unless your batteries run on methane you're dreaming.
If Felix is dead serious, his latest spat about advancing any project that creates jobs better have some substance behind it. They government should have enough paperwork about the project to sign it off in a matter of hours. They know they fucked up by allowing Com to sell their stake to Zijin, but obviously it's not a matter of just reversing the agreement coz Zijin want their loot and rightly so. (buy now pay later).
Anyone who has any form of confidence of shit being sorted in the coming weeks is dreaming. Then again, I've seen pigs fly and rabbits pulled out of hairy arse-holes, so surprise me biatches!!
Another PRE- FEASABILITY study!
Are these guys honestly retarded? They've kicked off that many roadshows with bloody councils, SEZ, battery hubs, etc, you flipping name it! Remember that shit show in December 2021? That turned into a bag of hot air.
Where THE FARK are you getting battery content from DRC? Out your arse? Coz unless your batteries run on methane you're dreaming.
If Felix is dead serious, his latest spat about advancing any project that creates jobs better have some substance behind it. They government should have enough paperwork about the project to sign it off in a matter of hours. They know they fucked up by allowing Com to sell their stake to Zijin, but obviously it's not a matter of just reversing the agreement coz Zijin want their loot and rightly so. (buy now pay later).
Anyone who has any form of confidence of shit being sorted in the coming weeks is dreaming. Then again, I've seen pigs fly and rabbits pulled out of hairy arse-holes, so surprise me biatches!!
Mr Inappropriate
Regular
Care to put some more colour to that statement?Good morning Aussis…this week will be our week
You must be a veterinarian!!
He can't tell you what or whom, but his sources say 'this is our week'.
Maybe my balls finally drop.
Ahem
David Krappenschitz
Regular
Agreed. And imo I think the intel people are getting is just more of the same spin that Nigel/management have been saying for around two years. Imminent, 3 weeks "at the latest", etc. He's said this in interviews to german and north american investors before the shitshow (forget the names it's been so long), the proactive investor interviews (pre shitshow), over and over with the bigger shareholders, at roadshow last year, etc. I remember a while back Nigel even saying that the ML would be approved within the next 3 months, when at the time this was impossible as DRC mining code outlined that the process for the various approvals (which AVZ didn't have) takes longer than just 3 months. Many ASX companies in the battery space give ambitious timelines that are never met and is just part of the marketing of the company, so maybe it's just marketing,, or ignorance, or dishonesty, or a combination. idk.
I appreciate hearing anything that deBoss, the Fox and Nellie have to relay to other shareholders, but imo the source of their intel is management and it's just the same spin. It is not useful in any way to have a bunch of agitated shareholders in their ear while this shit's going on, so the message will always be something that calms the farm. And I don't blame management for this, I just don't think what people are being told about near term resolutions is accurate. It never has been! The evidence atm is we have 3 pending ICC cases, recent negotiations with Cominiere that Franck Fwamba was reporting on clearly went sour (hence ICC proceeding). DRC gov doesn't do shit for the last year despite strong evidence in AVZ's favour. Personally won't be surprised if we get to October and nothing's changed and were still being told 'very close' and 'a little more patience'.
Would love to be wrong but am growing weary of this and there's a clear pattern over the last year with the info we've gotten and the reality of what's played out.
fark
all imo gltah
#EntreprisesEtablissementsPublics The President invites the leaders of the statutory bodies of the State and Business portfolio to make peace. He invites the Minister of the Portfolio to ensure compliance with regulations on the management of public enterprises.
That's right Fatty, you show 'em who's boss
ThisTimeWin
Regular
I think we need a joke.....
Detective walks into house and sees man laying on couch drinking a beer
Detective: "are you the husband"?
Man laying on couch drinking a beer: "yeah"
Detective" "when did you realise your wife was dead"?
Husband: "well the sex was the same but then the washing started to pile up"
Detective walks into house and sees man laying on couch drinking a beer
Detective: "are you the husband"?
Man laying on couch drinking a beer: "yeah"
Detective" "when did you realise your wife was dead"?
Husband: "well the sex was the same but then the washing started to pile up"
obe wan
Regular
Coming from a social media / tweet from Tina Salama , who is spokesperson for the head of state ; it would appear that MoPs actions are at least coagulating at the surface and becoming general knowledge to all walks ; hopefully the princes is beginning to be seen as the dog she is
Another tweet from Tina Salama ( below ) seems like Lukonde finally looks to have a ‘report by’ date handed to him …12th of May ; my understanding was that this report was to happen some time ago , but never eventuated ….
Will be interesting to see how Lukonde reports on the Congolese portfolio performance and if he provides MoP with a glowing performance despite things looking to be souring around her …. Lukonde will probably just act dumb as usual ; anyway a couple of tweets from Salama cover the weekend certainly gave me a bit of a Kool aid buzz ; but these extended timelines are pretty wearing … even the MMCS V Cominiere case is still down as pending …. Yet we’ve pasted 100 days …. Considering it’s supposed to be a 90 day period .. it’s hard to win against someone like cominiere who just seem to want to fuck it all up …. Sells their shares and then tells everyone on national Tv that they want to control the project and the finances … mental health or wha ?
Carlos Danger
Top 20
D
Deleted member 1612
Guest
That’s disgusting. So are all your other ‘jokes’.
Is this like: 'Can you please justify your position'?
Are you a top or front loader?
John Reed
Regular
Tom tweeting today implicitly he is in Paris, fine dining or as a pleb just watching the fine diners with his happy snap. Might also suggest he is meeting AVZ counter parties. And seeking detail on ICC cases.
Why would anyone care about a busy restaurant in Paris?
Tom trying to make out he is having a good time? Nothing to see.
I think that boatman upload won’t be back online:
Did anyone else download from Boatman? Keen to compare any changes
Frank
Top 20
If China controlled the Congolese lithium to the detriment of the Australians, a danger for the DRC-USA-Zambia battery project?
Now in DR Congo there is a war for the control of lithium in Manono in the province of Tanganyika, between the Australians of AVZ Minerals and the Chinese group Zijin.
The Manono lithium project is not new, since 2013 two groups with foreign capital have tried to start it, but the project has always remained at a standstill until 2017.
MMCS
In 2013, the MMCS group under Mauritian law with COMINIERE (La Congolaise d'Exploitation Miniere) a commercial company of the Congolese State, created a joint venture called MANOMIN, where the Mauritius company received almost 68 % of the Congolese State with conditions to bring back funds for the realization of a feasibility study on the lithium of Manono.
The remaining 32% of MANOMIN's shares belonged to COMINIERE.
Three years later, MMCS despite the 68% was never able to bring back the necessary capital for the feasibility studies or for the first works on the site, the Congolese State put an end to this collaboration canceling the permit 12202.
DATHOMIR
In 2016, another joint venture, DATHCOM was created between COMINIERE and the DATHOMIR group of the Chinese Simon Cong, almost on the same bases as MANOMIN, 70% for DATHOMIR and 30% for COMINIERE, which afterwards will have to yield 5% to the Simon Cong's group.
AVZ MINERALS
In 2017, DATHOMIR in difficulty to raise funds for the project, will appeal to the Australians of AVZ Minerals who will buy 60% of the shares of DATCOM from DATHOMIR.
The Australians finally managed to relaunch the lithium project, bringing back funds, five years later, to even carry out the feasibility study which will promote Congolese lithium on the international mineral market.
In 2022, DATHCOM's research permit 13359 was transformed into exploitation permit 13359 by the Ministry of Mines, but strangely blocked in the Mining Cadastre (CAMI).
In January 2023, the same Ministry of Mines canceled the exploitation permit 13359 following COMINIERE's accusations against the AVZ Minerals group in the management of the joint venture, DATCOM.
In the meantime, a whole series of legal actions is taking place in DATHCOM; MMCS against COMINIERE for 5% and AVZ with DATHCOM for 15% of the shares.
CHINA
Now the Chinese are also joining the lithium dance with the ZIJIN group, one of China's mining giants. ZIJIN will buy 15% from COMINIERE, a sale which will be deemed not to comply with the laws of the DR Congo by the General Inspectorate of Finance (IGF) in its report on COMINIERE.
The Chinese group, ZIJIN not wanting to say the last word, had proposed the retrocession of 15% in return for the southern zone of permit 13359.
It should be remembered that the ministerial decree which had canceled the operating permit 13359, had notably brought together the two zones, South and North of the permit.
Until today, the exploitation of the lithium of Manono remains blocked, nothing evolves except negotiations between the Australians and the Congolese State.
Many sector analysts even speak of a yellow hand that would try to splash the Australians of AVZ Minerals from the Manono lithium project, for the benefit of a Chinese lobby that swears by total control of one of the largest lithium deposits in the world.
USA/ZAMBIA/DRC BATTERIES
The DR Congo for its part has already invested in a gigantic project on the valorization of its ores, in particular lithium and cobalt with neighboring Zambia and the United States for the manufacture of lithium-ion batteries.
A Special Economic Zone (SEZ) is to be created in Haut Katanga on this project, the launch of the pre-feasibility study work was launched on April 27, 2023 by the Minister of Industry, Julien Paluku with representatives of the provinces involved in the lithium-ion battery manufacturing project.
In the mega project of lithium-ion batteries with the Americans and the Zambians, the Congo is almost the main player since it owns, in addition to cobalt and copper, lithium in Manono, the exploitation of which should begin this year in 2023 by the Australians of AVZ Minerals majority shareholder in DATHCOM, if there had not been the saga on the exploitation permit by the cadastre and the Minister of Mines.
The United States, which has good trade relations with Australia, has adopted a strategy with the Biden administration to try to rebalance the control of resources in Africa, which is mainly held by China.
Continue to sign memorandums of understanding with the DR Congo, particularly on the value chain of lithium electric vehicle batteries.
It is no longer a secret that the United States and China are at war for control of global resources, a very important position for economic and geopolitical supremacy in the world between the two giants.
In DR Congo, the country of Mao Zedong would control at least 60% of the minerals and no longer hides its ambitions to completely monopolize Congolese lithium.
"At the extreme, the end, that is to say the very realization of the project, gives way to the means: the end justifies the means and all means are good, it is success at all costs, without scruple, even at the expense of others".
Would have said André Comte-Sponville
Three questions should be asked about this reality of Congolese lithium and the economic war between the United States and China:
Imagine the hypothesis where China by a few magic tricks, manages to get its hands on the Congolese lithium, what would be the orientation of the mega project on the value chain of lithium batteries with the United States?
China, which is notably the leading producer of batteries in the world, something it wants to maintain at all costs.
This China, which has always had a strategy of sending raw materials or almost home, will it accept the processing of lithium ore on site in DR Congo than at home in China, up to the final product that will be used in the batteries?
What will the Congolese authorities do, negotiate with the Australians for the exploitation of lithium or cede Manono lithium to the Chinese and question the mega project on the battery value chain with the Americans?
Recall that in the third question, if it turns out that the Congolese authorities give in to the voracious appetite of the Chinese for Manono's lithium, endless legal proceedings will ensue against the DR Congo, which not only risks losing a lot of money, but in particular to further delay the exploitation of its lithium, thus jeopardizing the development of Tanganyika and the many jobs expected by the population of Manono.
Kiki Kienge - today 1, 2023
Frank
Top 20
So, what has provoked this statement from MEHR? Have they just taken down one of the roadblocks put up by Zijin - recall COMINIERE, in his mind, awarded the rehabilitation contract to Z, in a fit of paper bag swallowing against AVZ Power, saying COMINIERE owned the Station
I wonder if Z has turned up on site ready to rehabilitate? Wouldn't put it past them, they tend to trespass for their own benefit
Even FT has directed Ministers to hurry the fuck up with any project that creates jobs
Seems progress is being made on some fronts
Jonnno for President 2023
*Speaking of Jobs and Jonnno, Did you see where,
Jonnno for President 2023 - JAG for PM
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