Carlos Danger
Top 20
@Dijon101 admitted he made it up literally moments after I called bullshit. Weird you missed that. The truth is often what we make of it.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
If Rio are going to invest in the DRC then why not start with Manono?
Der Geist
Regular
Yep aware of all that and qualified it as probably rubbish so surprised to hear it has some truth to it.
Perhaps Dijon, you can help me with Lotto numbers
I understand this no conflicts of interest ‘bit of radio crackle’ from someone in Kinshasa currently, is hardly bearable but on a public platform it is best resolution I have. I never try to mislead or intend to. And it’s in AVZ’s favour which is the key point, like a COVID test kit ; Y/N.
Hearing Barrick / Anglo is who Hochstein wants to bring in to DRC. BHP and RIO also sniffing in DRC, some barriers based on some history around corruption and sanctions broadly affecting western appetite, ERG’s history was cited for example.
But major resistance to investing in DRC is the Congolese government itself.
==
As for the riddler comment, if you don’t ask what you don’t understand I can’t possibly help you. May be try contributing
==
Power4ade is correct. Timb89 is correct.
Perhaps Dijon, you can help me with Lotto numbers
I understand this no conflicts of interest ‘bit of radio crackle’ from someone in Kinshasa currently, is hardly bearable but on a public platform it is best resolution I have. I never try to mislead or intend to. And it’s in AVZ’s favour which is the key point, like a COVID test kit ; Y/N.
Hearing Barrick / Anglo is who Hochstein wants to bring in to DRC. BHP and RIO also sniffing in DRC, some barriers based on some history around corruption and sanctions broadly affecting western appetite, ERG’s history was cited for example.
But major resistance to investing in DRC is the Congolese government itself.
==
As for the riddler comment, if you don’t ask what you don’t understand I can’t possibly help you. May be try contributing
==
Power4ade is correct. Timb89 is correct.
Der Geist
Regular
Juba1845, I agree.
The only reason I heard about the copper interest is because the journo found my scrappings on RIO’s interest in Manono very interesting.
My scrapings go back to sometime in 2019, and include their purported interest in investing in the Manono project back then with a $ figure purportedly given, and purportedly interested in expanding the Piana Mwanga river dimension for electrical power capacity. I suspect considering AVZ had the MOU for the facility from ministry that this must have encouraged RIO’s interest, and is one reason why the Congolese were so eager to MOU with AVZ over hydro plans rather than say just give the lease to Cominiere to sell bananas in front of the hydro facility
The Chinese have been trying to snuff it out all along
The only reason I heard about the copper interest is because the journo found my scrappings on RIO’s interest in Manono very interesting.
My scrapings go back to sometime in 2019, and include their purported interest in investing in the Manono project back then with a $ figure purportedly given, and purportedly interested in expanding the Piana Mwanga river dimension for electrical power capacity. I suspect considering AVZ had the MOU for the facility from ministry that this must have encouraged RIO’s interest, and is one reason why the Congolese were so eager to MOU with AVZ over hydro plans rather than say just give the lease to Cominiere to sell bananas in front of the hydro facility
The Chinese have been trying to snuff it out all along
Carlos Danger
Top 20
Y
You might have to do a pilgrimage to the multi swami as legend has it that he got a 22 legger up. Best of luck.
RHyNO
Regular
We are fucked! They are going to sell us down the river and sign themselves over to China. And we’ll be here saying oh thank you Xi for the deep deep repeated molestation. Would you also like all the apartments in every major Australian city? And our farmland? Oh oh and would you like our vineyards? And our tourist destinations??? Take our plastics and burn them and if you don’t we will use our 6 submarines from the future and defeat your military! Morons everywhere. I’m losing it. If this BOD are all Millionares and we get left holding the bag I’m gonna crack!
TDITD
Top 20
Hi All
If you havnt worked it out by now, we have been invaded by a multi troll brigade who want to control the narrative on this thread and demand change from what was a very informative, respectful, humorous thread for over 12 months....it has now turned to the crapper.....
The great divide is happening before our eyes, so to the whinging fuckers who want change and a dedicated AVZ thread with no personality, there is now another thread created by the dark lord, ....AVZ DISCUSSION 2023....knock yourself out there and leave this thread to the smart posters who were very happy with the status quo....
You now have a choice......stay or go.
Simples.
Frank
Top 20
*Fyi, Feel free to use this on your other thread AVZ Discussion 2023Bloomberg
Tshisekedi on the move to Beijing and mining contracts
Congo President Heads to China Amid Mining Contract Negotiations
Democratic Republic of Congo President Felix Tshisekedi will visit China next week as the two nations look to conclude the re-negotiation of a $6.2 billion mineral-for-infrastructure deal, people with direct knowledge of the trip said.www.bloomberg.com
Mr Inappropriate
Regular
Are people watching what is going on here?
www.france24.com
Four opposition leaders including Martin Fayulu, who came in second in the 2018 presidential election, and Moise Katumbi, a millionaire businessman and former regional governor who is expected to run in 2023, called for the protest on Saturday.
But political tension is on the rise in the world's leading cobalt producer, with some opposition candidates complaining of delays and alleged irregularities in a voter registration drive that they say is being conducted to their disadvantage.
"The electoral register is not reliable and we'll not compromise on this issue," Fayulu added.
Congo's electoral commission is expected to publish voter registration data on Sunday.
DR Congo security forces clash with anti-govt protesters in Kinshasa
Democratic Republic of Congo security forces fired tear gas and fought running battles in the streets of the capital Kinshasa with anti-government protesters demonstrating on Saturday over alleged irregularities…
Four opposition leaders including Martin Fayulu, who came in second in the 2018 presidential election, and Moise Katumbi, a millionaire businessman and former regional governor who is expected to run in 2023, called for the protest on Saturday.
But political tension is on the rise in the world's leading cobalt producer, with some opposition candidates complaining of delays and alleged irregularities in a voter registration drive that they say is being conducted to their disadvantage.
"The electoral register is not reliable and we'll not compromise on this issue," Fayulu added.
Congo's electoral commission is expected to publish voter registration data on Sunday.
Frank
Top 20
President Tshisekedi plans to rebalance the Chinese contract signed under Kabila
President Félix Tshisekedi has decided to renegotiate the Chinese contract signed in 2008, under former President Joseph Kabila by the Democratic Republic of Congo and a group of Chinese companies granting reckless advantages to the Chinese at the expense of the Congolese, a-t -we learned Friday from the Congolese government.
The Head of State made this announcement to the Council of Ministers, after the submission of the conclusions formulated by a working team responsible for evaluating the implementation of the Cooperation Agreement between the DRC and the group of Chinese companies signed by the regime of former President Kabila.
After "the work team submitted its conclusions, which will allow us to launch discussions with our Chinese partners in the coming days," said government spokesman Patrick Muyaya, who was reporting on the 99ᵉ government meeting on state television.
"The objective is to consolidate and further expand Sino-Congolese cooperation by building on sound foundations guaranteeing the principle of mutual respect, fairness and transparency beneficial to both the Congolese people and the Chinese people. “, explained Minister Muyaya.
President Tshisekedi instructed the ministers concerned for the forthcoming negotiations of the amendment to the Cooperation Agreement, namely the Ministers of State, Minister of Infrastructure and the Minister of the Budget, the Ministers of Finance and Mines as well as the presidential cabinet, all members of the strategic committee set up for this purpose, to agree and organize with the Chinese party as soon as possible the agenda for discussions on the final signature of the future amendment.
According to the Minister of Communication and the Media, the strategic committee will be supported in its tasks by the expertise of the General Careers and Mines (Gécamines S.A), the General Inspectorate of Finance (IGF) and the Steering, coordination and monitoring agency for the collaboration agreement signed between the DRC and private partners, and the Extractive Industries Transparency Initiative (ITIE).
The Chairman recalled that in his previous communications, he had informed the members of the Board of the alarming conclusions of the reports of several state structures on the implementation of the collaboration agreement between groups of Chinese companies and "our country “, the DRC, September 17, 2017, said Minister Muyaya.
According to him, faced with these conclusions, the Head of State Tshisekedi had instructed the members of the government directly concerned by this file to work jointly with his cabinet as well as civil society on the specific points to be discussed. with the Chinese side with a view to rebalancing this agreement to make it truly win-win.
The IGF of the DRC had denounced, in its recently published report on the Chinese Contract, a disproportionate collaboration to the detriment of the DRC, denouncing an arbitrary, discriminatory and illegal nature of the fixing as well as the distribution of the share capital to USD 100,000,000.00 at a rate of 68% of the shares for the Grouping of Chinese Companies (GEC) and 32% for the Gécamines Group.
“There is also a significant financial imbalance to the detriment of the DRC between the advantages granted to the Chinese party and the commitments at its expense as well as the gains expected by the Congolese party at the rate of USD 90,936,120,000.00 to the Chinese against commitments at their expense of USD 6.2 billion, ie a gain for the Chinese of USD 84,736,120,000.00 to which must be added the tax and customs exemptions estimated provisionally at the 4 lowest rates at USD 2,163. 623,850.15,” the IGF wrote in its report.
It also noted a glaring weakness and the modesty of infrastructure investments, revealing that SICOMINES has mobilized, in 14 years, financing for a total amount of USD 4,471,588,685.14 and has only allocated USD 822,190 .060.14 for the financing of infrastructure works, i.e. 18.38% of the total financing mobilized.
According to this supervisory body, in six years, from 2016 to October 2022, SICOMINES has disbursed a total amount of USD 9,677,613,625.15 to Chinese companies and itself for various reasons not substantiated, further noting a lack of visibility and impact of the works carried out and their unjustified selectivity in violation of appendix C of the Agreement of 22 April 2008.
According to the IGF, the eligible works executed came to an amount of USD 534902461.66, while the non-eligible works executed came to USD 287287598.42.
In 2008, the Congolese government signed the collaboration agreement with the group of Chinese companies.
This Collaboration Agreement was concluded between China Railway Group and Syno Hydro Corporation on the one hand and the Democratic Republic of Congo on the other hand.
It serves as a framework agreement for the development of a mining project and a series of infrastructure projects.
Furthermore, government sources have announced the forthcoming visit of Congolese President Félix Tshisekedi to Beijing in the People's Republic of China in the next few days.
mediacongo
President Félix Tshisekedi has decided to renegotiate the Chinese contract signed in 2008, under former President Joseph Kabila by the Democratic Republic of Congo and a group of Chinese companies granting reckless advantages to the Chinese at the expense of the Congolese, a-t -we learned Friday from the Congolese government.
The Head of State made this announcement to the Council of Ministers, after the submission of the conclusions formulated by a working team responsible for evaluating the implementation of the Cooperation Agreement between the DRC and the group of Chinese companies signed by the regime of former President Kabila.
After "the work team submitted its conclusions, which will allow us to launch discussions with our Chinese partners in the coming days," said government spokesman Patrick Muyaya, who was reporting on the 99ᵉ government meeting on state television.
"The objective is to consolidate and further expand Sino-Congolese cooperation by building on sound foundations guaranteeing the principle of mutual respect, fairness and transparency beneficial to both the Congolese people and the Chinese people. “, explained Minister Muyaya.
President Tshisekedi instructed the ministers concerned for the forthcoming negotiations of the amendment to the Cooperation Agreement, namely the Ministers of State, Minister of Infrastructure and the Minister of the Budget, the Ministers of Finance and Mines as well as the presidential cabinet, all members of the strategic committee set up for this purpose, to agree and organize with the Chinese party as soon as possible the agenda for discussions on the final signature of the future amendment.
According to the Minister of Communication and the Media, the strategic committee will be supported in its tasks by the expertise of the General Careers and Mines (Gécamines S.A), the General Inspectorate of Finance (IGF) and the Steering, coordination and monitoring agency for the collaboration agreement signed between the DRC and private partners, and the Extractive Industries Transparency Initiative (ITIE).
The Chairman recalled that in his previous communications, he had informed the members of the Board of the alarming conclusions of the reports of several state structures on the implementation of the collaboration agreement between groups of Chinese companies and "our country “, the DRC, September 17, 2017, said Minister Muyaya.
According to him, faced with these conclusions, the Head of State Tshisekedi had instructed the members of the government directly concerned by this file to work jointly with his cabinet as well as civil society on the specific points to be discussed. with the Chinese side with a view to rebalancing this agreement to make it truly win-win.
The IGF of the DRC had denounced, in its recently published report on the Chinese Contract, a disproportionate collaboration to the detriment of the DRC, denouncing an arbitrary, discriminatory and illegal nature of the fixing as well as the distribution of the share capital to USD 100,000,000.00 at a rate of 68% of the shares for the Grouping of Chinese Companies (GEC) and 32% for the Gécamines Group.
“There is also a significant financial imbalance to the detriment of the DRC between the advantages granted to the Chinese party and the commitments at its expense as well as the gains expected by the Congolese party at the rate of USD 90,936,120,000.00 to the Chinese against commitments at their expense of USD 6.2 billion, ie a gain for the Chinese of USD 84,736,120,000.00 to which must be added the tax and customs exemptions estimated provisionally at the 4 lowest rates at USD 2,163. 623,850.15,” the IGF wrote in its report.
It also noted a glaring weakness and the modesty of infrastructure investments, revealing that SICOMINES has mobilized, in 14 years, financing for a total amount of USD 4,471,588,685.14 and has only allocated USD 822,190 .060.14 for the financing of infrastructure works, i.e. 18.38% of the total financing mobilized.
According to this supervisory body, in six years, from 2016 to October 2022, SICOMINES has disbursed a total amount of USD 9,677,613,625.15 to Chinese companies and itself for various reasons not substantiated, further noting a lack of visibility and impact of the works carried out and their unjustified selectivity in violation of appendix C of the Agreement of 22 April 2008.
According to the IGF, the eligible works executed came to an amount of USD 534902461.66, while the non-eligible works executed came to USD 287287598.42.
In 2008, the Congolese government signed the collaboration agreement with the group of Chinese companies.
This Collaboration Agreement was concluded between China Railway Group and Syno Hydro Corporation on the one hand and the Democratic Republic of Congo on the other hand.
It serves as a framework agreement for the development of a mining project and a series of infrastructure projects.
Furthermore, government sources have announced the forthcoming visit of Congolese President Félix Tshisekedi to Beijing in the People's Republic of China in the next few days.
mediacongo
That railway is going to the Atlantic Ocean . The ocean between Africa and the USA .
Carlos Danger
Top 20
Not sure what to make of the last months activities. It does seem big parties are in for the long haul and avz is the underdog black horse.
We’ve been forced to move interstate to previous jobs and now without access to this investment face an uncertain housing situation. We are lucky to be renting but it does put a strain on things. Just lucky we are younger and can survive if this doesn’t, real pity if so.
Hi Geo & others,
Does anyone know specifically what Nigel is doing over in the DRC and how long he is likely to be there. Clearly, he and the BOD are working hard for the Mining License but is it around closing the deal or still negotiating or is it something else.
It would be nice if Com & Sin Bin were completely out of the picture.
Silent
Does anyone know specifically what Nigel is doing over in the DRC and how long he is likely to be there. Clearly, he and the BOD are working hard for the Mining License but is it around closing the deal or still negotiating or is it something else.
It would be nice if Com & Sin Bin were completely out of the picture.
Silent
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