AVZ Discussion 2022
- Thread starter GazDix
- Start date
Totally agree but now has given the IGF the authority to ensure the law is followed.How much harder can Jules slap the report on Felix’s desk? FT needs no further information…
So would expect greater involvement by the IGF.
That report slapped hard on FT desk stated Dathcom hold 60% legally.
Just waiting on 10% transfer from Cominiere to the state and surface rights paid on the whole of 13359 then it will be possible for ML to be granted.
However still no news on result of MCCS vs Cominiere ??
Zijin would be utter fools to go to the ICC with FT now supporting follow the laws in the Mining laws in DRC.
Hi Whales
Re: Zijin would be utter fools to go to the ICC with FT now supporting follow the laws in the Mining laws in DRC.
Unfortunately, Zijin may be unfazed by Felix's pre-election rhetoric about supporting the rule of law, and stamping out corruption. Jules' IGF report has been on Felix's desk for a year and it's still (corruption) business as usual. If Felix intended to rid his administration of corrupt officials, he would have acted by now.
Me thinks Zijin has a lot of dirt on a lot of DRC politicians and officials, and will twist the knife as hard as necessary to get Manono. As a result, I think Zijin is prepared to play chicken with AVZ in the lead-up to the ICC hearing, but ultimately it may be a negotiated settlement.
Cheers
F
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Great documentary. Still working my way through. One of the problems is the perception that an energy transition won't happen without them. Might be giving some complacency to politicians. The fact is they absolutely can be left in the dust if the business environment can't be fixed.
From Stockhead yesterday:
stockhead.com.au
Haha, it just means the bribes were a bit low and China will need to lift its game.
Cheers
F
Eye on Lithium: Afghanistan says 'no' to Chinese lithium investment - Stockhead
The Taliban has reportedly rejected a Chinese company's plan to make a US$10bn investment into its lithium mining sector.
Haha, it just means the bribes were a bit low and China will need to lift its game.
Cheers
F
And just something a little different if Manono ever gets off the ground (pun intended) https://apple.news/AZGqQdC98Qw6bdRJWlwYcbg
And for those not Apple users https://amp.abc.net.au/article/102289310
So you would rather lose everything than have secured Roche Dure ? The President has done nothing up to this point and with the election only 7 months away it is far too risky for him to get involved now .In fact he will be busy going to Beijing later this month to meet with his friends.
Azzler
Top 20
Time will tell, just useless speculation until then.
We have no idea what's going on, terrified because we're in the dark.
I think it's been a nessesary evil to keep us in the dark to get the job done, unfortunately.
For all we know, Nige and team have known all along that we have got this "in the bag."
They're just making the right moves to secure what we know is ours.
The question also assumes we were offered the split tenment but we refused it. We don't know that, the question is pointless.
It just sounds like agenda driven FUD to drive negative sentiment toward BoD.
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The picture you see is painted by your imagination, not mine.
Your own dirty mind must be playing tricks with you.
10 hail marys for you and stop having dirty thoughts in future.
Frank
Top 20
NEWSECONOMY
Lithium Manono: US$200,000 for 2 mining squares in 2017 to COMFORCE/Jason Brewer, 2021 they go to ZIJIN/Katamba Mining!
May 2, 2023Kiki Kienge
By Kiki Kienge
Manon's lithium file is like a Chinese box, once you open the first one, it hides a second one and this one a third one, all of which keep secrets on contract files, share transfers, selling prices and others.
The DR Congo so far has not yet started the exploitation of one of the largest lithium deposits in the world, which should start normally this year, following the suspension of the DATHCOM exploitation permit by the Minister of Mines, Antoinette Nsamba Kalambayi .
At the moment the DATHCOM file, joint venture of COMINIERE with AVZ Minerals and DATHOMIR and that of the Sino-Congolese contract, seem to have taken over all the mining files in the media and even for the Congolese authorities.
But COMINIERE having signed several joint venture contracts with other partners on mining squares containing lithium, today we wanted to analyze the one with the company, Force Commodities RDC.
Force Commodities RDC, which was headquartered at the time of signing the contract with COMINIERE in the Crow Tower building at the intersection of Boulevard du 30 juin and Batetela in the commune of Gombe, is a company owned by the Australian, Jason Brewer which notably owns other companies involved in the development and development of mining projects in Africa.
On November 11, 2017 COMINIERE, a Congolese State company, signs a joint venture contract with Force Commodities RDC, the same contract will be certified at the commercial court on October 16, 2020 as you will see in the photo. From this agreement came COMFORCE, a joint venture between the two companies with a capital of US$100,000 for 1,000 shares, distributed as follows.
- COMINIERE: 30%
- Strength Commodities: 70%
- US$50,000 at the date of signing.
- US$150,000 in three installments of US$50,000 every three months from the date of signing the contract.
Force Commodities had the mission to study and identify a good technology to process Lithium, Niobium, Tantalum, Wolframite and Tin in its two perimeters. In November 2018 Force Commodities had even applied for the transformation of an exploration permit for its Kitotolo-Katamba lithium project in Tanganyika into a mining permit for 30 years at the Ministry of Mines.
But here in August 2021, the Chinese mining giant, ZIJIN signed a cooperation agreement with COMINIERE for two perimeters; the first is that of Force Commodities, the PR12453 and the second the "PE13427" according to the site of the ZIJIN group, thus creating Katamba Mining joint venture between ZIJIN and COMINIERE.
Strangely enough, on the list of COMINIERE partnerships, there is no permit that does not correspond to the number 13427, but there is indeed a mining square with the number 13247 on the list, which oddly is the one that belongs in particular to Force Commoditie in the contract signed with COMINIERE!
- Is it the same permit?
- How much were they valued at the time of sale by COMINIERE?
- Who was the seller, COMINIERE or Force Commodities?
- How much are the two mining squares worth today?
- In 2017, the Australians of AVZ Minerals for a purchase of 60% of the shares of DATHCOM from DATHOMIR, they had to pay 6,000,000 $US to COMINIERE and 750,000 $US to DATHOMIR, to then spend 75 million $US for the feasibility study and initial work in Manono.
- In 2017, Force Commodities paid US$200,000 to own 70% of the two licenses in Manono, to achieve nothing so far.
QUESTIONING
- Why this feeling of disinterestedness of the Congolese authorities on its two perimeters which contain lithium and Katamba Mining of which the DR Congo owns 30%?
- If ZIJIN is a shareholder of Katamba Mining with 70%, in order not to invest in the two mining squares for the exploitation of lithium, what to insist on the 15% of DATHCOM?
- How did ZIJIN come into possession of the 70% of Katamba Mining and how much did he pay?
“The lithium war between the USA and China in the DR Congo”
NEWSECONOMY
If China controlled the Congolese lithium to the detriment of the Australians, a danger for the DRC-USA-Zambia battery project?
May 1, 2023Kiki Kienge
By Kiki Kienge
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 JIZIN.
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, having difficulty raising funds for the project, will appeal to the Australians of AVZ Minerals who will buy back 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 a dramatic turn of events, in January 2023 the same Ministry of Mines canceled operating 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 (ZES) is due to emerge in Haut Katanga on this project, the launch of the pre-feasibility study work on which 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 the world's 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's lithium to the Chinese and question the mega project on the battery value chain with the Americans?
Xerof
Have a Cigar 1975
NEWSECONOMY
Lithium Manono: US$200,000 for 2 mining squares in 2017 to COMFORCE/Jason Brewer, 2021 they go to ZIJIN/Katamba Mining!
May 2, 2023
Kiki Kienge
By Kiki Kienge
Manon's lithium file is like a Chinese box, once you open the first one, it hides a second one and this one a third one, all of which keep secrets on contract files, share transfers, selling prices and others.
The DR Congo so far has not yet started the exploitation of one of the largest lithium deposits in the world, which should start normally this year, following the suspension of the DATHCOM exploitation permit by the Minister of Mines, Antoinette Nsamba Kalambayi .
At the moment the DATHCOM file, joint venture of COMINIERE with AVZ Minerals and DATHOMIR and that of the Sino-Congolese contract, seem to have taken over all the mining files in the media and even for the Congolese authorities.
But COMINIERE having signed several joint venture contracts with other partners on mining squares containing lithium, today we wanted to analyze the one with the company, Force Commodities RDC.
Force Commodities RDC, which was headquartered at the time of signing the contract with COMINIERE in the Crow Tower building at the intersection of Boulevard du 30 juin and Batetela in the commune of Gombe, is a company owned by the Australian, Jason Brewer which notably owns other companies involved in the development and development of mining projects in Africa.
On November 11, 2017 COMINIERE, a Congolese State company, signs a joint venture contract with Force Commodities RDC, the same contract will be certified at the commercial court on October 16, 2020 as you will see in the photo. From this agreement came COMFORCE, a joint venture between the two companies with a capital of US$100,000 for 1,000 shares, distributed as follows.
For two mining perimeters, No. PR12453 and No. PE13247 for an area of at least 400 square kilometers, Force Commodities only paid the modest sum of US$200,000, which was paid as a result;
- COMINIERE: 30%
- Strength Commodities: 70%
- US$50,000 at the date of signing.
- US$150,000 in three installments of US$50,000 every three months from the date of signing the contract.
Force Commodities had the mission to study and identify a good technology to process Lithium, Niobium, Tantalum, Wolframite and Tin in its two perimeters. In November 2018 Force Commodities had even applied for the transformation of an exploration permit for its Kitotolo-Katamba lithium project in Tanganyika into a mining permit for 30 years at the Ministry of Mines.
But here in August 2021, the Chinese mining giant, ZIJIN signed a cooperation agreement with COMINIERE for two perimeters; the first is that of Force Commodities, the PR12453 and the second the "PE13427" according to the site of the ZIJIN group, thus creating Katamba Mining joint venture between ZIJIN and COMINIERE.
Strangely enough, on the list of COMINIERE partnerships, there is no permit that does not correspond to the number 13427, but there is indeed a mining square with the number 13247 on the list, which oddly is the one that belongs in particular to Force Commoditie in the contract signed with COMINIERE!
To conclude, in order to fully understand the situation, let's try to make a small comparison between two COMINIERE joint-venture agreements:
- Is it the same permit?
- How much were they valued at the time of sale by COMINIERE?
- Who was the seller, COMINIERE or Force Commodities?
- How much are the two mining squares worth today?
To get an idea of the evolution of the price of the shares of the lithium joint ventures of Manono, 1% of that of DATHCOM is worth no less than 10,000,000 $US currently.
- In 2017, the Australians of AVZ Minerals for a purchase of 60% of the shares of DATHCOM from DATHOMIR, they had to pay 6,000,000 $US to COMINIERE and 750,000 $US to DATHOMIR, to then spend 75 million $US for the feasibility study and initial work in Manono.
- In 2017, Force Commodities paid US$200,000 to own 70% of the two licenses in Manono, to achieve nothing so far.
QUESTIONING
- Why this feeling of disinterestedness of the Congolese authorities on its two perimeters which contain lithium and Katamba Mining of which the DR Congo owns 30%?
- If ZIJIN is a shareholder of Katamba Mining with 70%, in order not to invest in the two mining squares for the exploitation of lithium, what to insist on the 15% of DATHCOM?
- How did ZIJIN come into possession of the 70% of Katamba Mining and how much did he pay?
Yeah, absolute cunts
Look, I'm sick of this acceptance of playing the role of one the nice guys on this forum
I'm kicking the habit to touch, and will be back as a complete arsehole from the beginning of next week
no hail mary's to any kunt
JAG
Top 20
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