AVZ Discussion 2022
- Thread starter GazDix
- Start date
Dave Evans
Regular
A few people asking questions about gecamines and others talking about cominiere and zijin being out and AVZ getting a new partner. Suppose you forgot gecamines wants a bigger share of the sicomines partnership so what’s stopping them wanting 30 or 40% of dathcom if they partnered. @Frank @Cashcity don’t think you will have to worry about MB asking more questions or giving a shit what goes on here anymore
Sparrowhawk12
Regular
Hi Dave Evans. Good to hear from you again. I know you & welcome all your input. Whilst its probs premature to single out 1 new possible JV partner to replace the Zijin & Cominere looters, i.e. lets not hype Gecamines ... there are other options. But Gecamines is state controlled & has the size, experience & relationships to help AVZ get to mining. With Zijin & Cominiere out (?) ... interesting times. Br Sparrowhawk.
Returned 15% to Comminiere.
But 20% to Geccomines
15% returned to Comminiere but class action by Zijin and Comminiere for potential loss of earnings?
Makes sense if the 20% now held by comminiere goes to another state controlled company in Gecomines .
Certainly a good move by DRC if correct.
Gecamines is not squeaky clean.
www.occrp.org
Let's hope that it's not just another Cominiere.
Cheers
F
DR Congo: State Mining Company Subject to a Damning Audit
The anti-corruption agency in the Democratic Republic of the Congo (DRC) said that it found severe irregularities in the operations of the state-owned mining giant Gécamines, including instances of embezzlement that have deprived the state budget of hundreds of million dollars.
www.occrp.org
Let's hope that it's not just another Cominiere.
Cheers
F
Nige to run Gecamines tooGecamines is not squeaky clean.
DR Congo: State Mining Company Subject to a Damning Audit
The anti-corruption agency in the Democratic Republic of the Congo (DRC) said that it found severe irregularities in the operations of the state-owned mining giant Gécamines, including instances of embezzlement that have deprived the state budget of hundreds of million dollars.
Let's hope that it's not just another Cominiere.
Cheers
F
I'm just looking forward to a resolution to this shit show.
NEWSECONOMY
Katanga: the Minister of Mines, Nsamba Kalambayi suspends the activities of the mining company, Boss Mining for 3 months
June 2, 2023
Kiki Kienge
By Kiki Kienge
After the Chinese company, Xiang Jiang Mining SARL exploiting gold in the province of Tshopo, the Congolese government has just sanctioned the joint venture between the group Eurasian Resources Group (ERG) of Kazakistan and Gécamines , Boss Mining which operates copper and cobalt concentrates in KAKANDA, in the District of LUBUDI 60 km from the town of LIKASI, suspending all activities of the group for a period of 3 months.
The reason for this suspension would be, according to the communiqué of the Ministry of Mines of the DR Congo, the environmental pollution of Boss Mining, this decision could be renewed if no positive modification is made by the group in the improvement of the protection environmental.
Antoinette Nsamba Kalambayi , Minister of Mines of the DR Congo, with this gesture wants to confirm the end of the impunity of the big polluters of the environment on the mining zones of the country, workhorse of her administration.
In the letter from the Minister of Mines to Boss Mining dated May 29, 2023, the Minister had informed the Director General of the now suspended Boss Mining in these terms:
“I learned through my services of the succession of incidents that occurred on your site respectively on the night of March 21 to 22 and April 9 of the current year, having caused enormous environmental damage but also losses in human lives; this situation could have been avoided or at least mitigated if, before resuming your activities in November 2022, you had taken care to audit your site environmental management system, with a view to adapting it to current conditions and include all these changes in an updated environmental plan.
Furthermore, I note that you are operating illegally, since your environmental and social impact study is no longer valid and you have accumulated numerous breaches of environmental obligations, which directly endanger the life and health of several people. .
This is why, pursuant to Article 570, paragraph 2 of the Mining Regulations, I am suspending all your mining activities for a period of three months, with the possibility of renewal of this measure, as long as you have not carried out the recommendations sent to you by the Director-Head of the Mining Environmental Protection Service, through his letter referenced 201/DPEM/2023 of 12 msi 2023.
To do this, I instruct the Head of the Provincial Division of Mines of Lualaba, who read me a copy, to strictly enforce this decision and also request the involvement of the Provincial Governor in this regard.
The Secretary General for Mines is invited to take all the necessary measures to repair the damage suffered by the communities following these incidents. »
Communication Unit Ministry of Mines of the DR Congo.
I find this interesting as there are references to the breaches of the mining code.
Yet when they cancelled AVZ decree the MoM stated 'Be nice to the other shareholders'
Azzler
Top 20
I recently got onto the Guinness Extra Stout, completely different to the draft, not nitro, 6% and really decent!
Agree with coopers, but I'm a bit funny with the yeast they use, has a very strong distinct flavor.
I just love imperials and strong stouts though. I've made some of my own that were pretty incredible.
Agreed. Rampant of positive speculation is based on an unsubstantiated post. I hope it's correct but when people talk about AVZ being a rollercoaster, some of that seems to be self induced.
"I can't help but think (ever the optimist) that AVZ have secured Manono and Com and Z are out. But it can not yet be announced, finalizing stages ect... So Com and Z are suing for their claimed ownership valuations." Azzler 15/05.
So Cominiere is suing AVZ for the loss of their 10% that by law cedes to the Govt (or is it 5% with MMCS still in the picture?). So in theory, MoM issues mining license, 10% cedes to Govt, Cominiere own 0%, no case to answer to? Felix just has to wave the axe in that Department and they will be out of the picture.
Let’s see if Zijin continue their lawsuit and piss off the Govt. Zijin are suing AVZ for what? The Govt would have made the decision to kick them out, not AVZ. Zijin would have a better chance of suing the Govt if that’s in fact what has happened.
If I were Felix, I’d tell Zijin to drop everything otherwise he will start revisiting their other projects in the DRC. Will Zijin take that gamble with a Govt that clearly doesn’t want them in the picture, not to mention China’s exemplary record in the DRC.
Let’s see if Zijin continue their lawsuit and piss off the Govt. Zijin are suing AVZ for what? The Govt would have made the decision to kick them out, not AVZ. Zijin would have a better chance of suing the Govt if that’s in fact what has happened.
If I were Felix, I’d tell Zijin to drop everything otherwise he will start revisiting their other projects in the DRC. Will Zijin take that gamble with a Govt that clearly doesn’t want them in the picture, not to mention China’s exemplary record in the DRC.
Last edited:
Xerof
Flaming 1967
9card won't and shouldn't give any details on a public forum unless it's rock solid info. This has been his MO all along.
Even then I would suggest leaving it to AVZ to make appropriate announcements, as if true, this is sensitive, major news
Doesn't mean he can't share privately with trusted colleagues
In the meantime, we will speculate, theorise and come up with wish lists, wishful thinking and maybe even a few down ramps
Even then I would suggest leaving it to AVZ to make appropriate announcements, as if true, this is sensitive, major news
Doesn't mean he can't share privately with trusted colleagues
In the meantime, we will speculate, theorise and come up with wish lists, wishful thinking and maybe even a few down ramps
Into stouts and what the English call 'real ale'.
Made both, was even in a brewing club at school- those were the days.
I'll give you one guess what the teacher died from.
Have come to believe that stout drinkers are the fussiest buggers on the planet which is probably why I've never been totally satisfied with my efforts and why there is such a wide range of products for what is a specialist brew.
In contrast, real ale is easy.
BTW
I don't think Aussies realise just how good the beers coming out of Coopers actually are.
Pale ale is splendid.
Last edited:
Carlos Danger
Top 20
Listen very carefully to what Klaus says about AVZ in this interview today. Very different tune to a few months ago when he was confident of getting the north. He knows he has lost and hearing him meekly talk about 'some other AVZ management which is working on the production' makes me so fucking happy haha
Last edited:
cruiser51
Top 20
Don't you know it's the water that makes South Australian beer.
(Sorry was a commercial jingle about Olympia beer a long time ago on the NW Coast of USA)
I know Coopers in Norwood has its own water supply.
But Southwark is special, I reckon they pump the special brew straight out of the Torrens river.
Xerof
Flaming 1967
He's looking very tired, put on a lot of weight, and he has completely backed off his aggro stance against AVZ.
Sad to see such an ego get beaten down like that
Not
Just one of the to-do items on Nigels list ticked off.
I wonder how many there are left now?
Mr Inappropriate
Regular
That's fucking gold, @Carlos Danger. You can hear in his tone and his words that it hurts him deeply that he's not involved. He sold the farm for a penny and now he regrets it.
Suck it, Klaus!
Similar threads
