AVZ Discussion 2022
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The Chinese monopoly on African minerals, a handicap for the development of the black continent?
May 24, 2023
Kiki Kienge
By Kiki Kienge
Access to lithium reserves has become the Third World War, Africa is the battlefield for its rich deposits of this mineral, China, the world's leading producer of batteries, does not want to leave room for maneuver to its adversary, United States.
Chinese companies are trying to get hold of all the lithium deposits on the black continent by all means, thus guaranteeing its supply chain and reassuring its position of world leadership.
Establishing battery factories, investing massively in the mining sector on the African continent, as the case of DR Congo where the country of Mao continues to sign partnerships with the government and mining companies, China which already controls more than 60 % of minerals in the country of Lumumba, wants to consolidate in particular its presence in the Congolese lithium industry.
China's strategy in DR Congo in particular and in Africa in general, is to monopolize lithium, as is already the case for cobalt, thus having control of global supplies and battery prices. lithium ions.
However, a Chinese monopoly in the management of African resources would lead to African countries being dependent on Chinese dictate, it would be crucial for Africans to move forward with caution in agreements, it would be wise for African authorities to collaborate with other other global actors, equitable partnerships to protect their long-term interests and guarantee the sustainable development of their country.
The administration of American President Joe Biden gives pride of place to electric vehicles which by 2035 will be the only ones to be sold widowed in many Western countries. So much for anticipating the Chinese strategy, the US State Department signed with DR Congo and Zambia, in December 2022, a partnership agreement for a battery development chain, DR Congo which is the largest producer of cobalt in the world and Zambia, Africa's largest copper producer.
By 2050, lithium needs could be multiplied by 57, with its deposits, the DR Congo can place itself alongside Australia and Chile as one of the three major lithium producers in the world, of course if the DR Congo was starting the exploitation of its ore, which should start this year, but blocked by mysterious maneuvers in the agreements of the Congolese State company and the Australian partner, AVZ MINERALS.
In addition to the Erongo project in Namibia by the Chinese giant Huyaou Cobalt, which has invested US$2.5 million, China will buy the lithium mine of the mining company Williams Minerals in Zimbabwe for 1.75 billion dollars from the group of Chinese holding company Feishang Group and the civil engineering company Top Pacific (China).
With the visit of Congolese President Felix Tshisekedi to China from the 24th to the 29th of this month, China intends to reassure its hold on Congolese lithium.
With the visit of the Congolese President, Félix Tshisekedi to China from the 24th to the 29th of this month, China intends to reassure its hold on the Congolese lithium, especially in the fight of his group, ZIJIN with the Australians of AVZ MINERALS of the Manono deposit. in Tanganyika.
It is up to the Congolese head of state, Félix Tshisekedi, to cede or not the monopoly of lithium to China, as it was for his predecessor, Joseph Kabila on Congolese cobalt.
Frank
Top 20
Fight against corruption and embezzlement of public funds: the IGF and the Superior Council of the Judiciary strengthen their links
Very committed to the fight against corruption and the embezzlement of public funds, the Inspector General of Finance, Jules Alingete Key, requested and obtained solid support from justice in cases related to this evil, which has long destroyed the Republic Democratic Republic of the Congo.
It is in this context that he met with the President of the Superior Council of the Judiciary, Dieudonné Kalumeta Badibanga, in order to strengthen relations in the sense of restoring confidence to the population because it is with justice that a nation rises.
Speaking to the press, Jules Alingete, who only counts on the involvement of justice, said he had contacted the president of the Superior Council of the Judiciary to seek his personal involvement in all files related to corruption. and embezzlement of public funds.
The number one of the General Inspectorate of Finance said he was very delighted following the audience granted to him for the simple reason that the president of the Superior Council of the Judiciary told him of his determination to support the vision of the President of the Republic in the context of the fight against corruption and the embezzlement of public funds.
This is why it will accompany all files related to the repression of anti-values in the management of public affairs.
As an auxiliary of justice, the IGF is forced to work with the judicial authorities because most of the cases handled by it always end up in the hands of these authorities, acknowledged Jules Alingete.
This is why, according to him, the IGF is required to come at any time to seek their involvement and support so that the fight against corruption and the embezzlement of public funds can experience significant progress in the Democratic Republic of Congo.
For his part, the President of the Superior Council of the Judiciary, Dieudonné Kamuleta Badibanga, recalled that the physical presence of the Inspector General of Finance does not mean that there were no contacts long before.
As Jules Alingete said, the president of the Superior Council of the Judiciary recognized that there are major issues concerning the cleaning up of affairs to stop the proliferation of anti-values in the country.
This is why he assured that all these files will be carried out successfully.
To materialize this change of narrative, they inaugurated another phase of cooperation because in previous files, the Superior Council of the Judiciary was not copied.
Currently, thanks to the copies of each file that will be submitted to it, the Superior Council of the Judiciary will ensure that the investigating magistrate can work in such a way as to restore hope to the population.
With this change in the mode of collaboration between the General Inspectorate of Finance and the Superior Council of the Judiciary, those nostalgic for degrading practices must take action and embark on the train of change.
Recalcitrants will undoubtedly find new “residences” that will correspond to their behavior.
mediacongo
"China intends to reassure its hold on the Congolese lithium."
Interesting way of putting it . I wasn't aware China had a hold on DRC's lithium apart from trying to steal 15% of the Manono project .It's up to Felix. He's in a very prickly situation. Does he have the balls to go against China ?
Frank
Top 20
*Fyi, Thing's are Heating Up at the G7 with more & more Eyes focused on the DRC atm, as
DRC offers 4 infrastructure investment opportunities, say G7 leaders
The G7 summit was organized this year, from May 17 to 21, 2023, in Hiroshima, Japan.
On this occasion, the leaders of the Group of Seven affirmed their commitment to identify new opportunities to evolve the Partnership for Global Infrastructure and Investments (PGII).
In their analysis, the G7 leaders note four opportunities that would benefit the Democratic Republic of Congo (DRC) under the Global Infrastructure and Investment Partnership (PGII).
The discussion on these different opportunities was launched at the initiative of US President Joe Biden.
They relate in particular to major investments to better meet the global demand for financing high-quality infrastructure in low- and middle-income countries.
The four opportunities for the DRC
First, investments in key economic corridors
Here, it is about creating and strengthening economic corridors that connect economies through key transport infrastructure.
It is also about producing clean electricity that is more affordable, reliable and accessible to all; provide rural communities with information and communication technology (ICT) network solutions; to integrate agricultural poles to increase regional food security, improve access to health care; and aggregating demand for clean energy solutions to power these corridors and serve local communities.
The Lobito Corridor was chosen.
With an initial investment in a rail expansion, this corridor could become the main open-access transport infrastructure linking the Democratic Republic of Congo (DRC) and Zambia to global markets via Angola.
It should also be highlighted that the Partnership for Global Infrastructure and Investments (PGII) is actively seeking additional opportunities to connect initial Lobito Corridor investments with the wider continent, Tanzania and ultimately the Indian Ocean.
Second, the Rail Consortium
It should be noted that the United States International Development Finance Corporation (DFC) is currently conducting due diligence for a potential financing package of $250 million to fund the Lobito Atlantic Rail Corridor.
This railway line is open access from the port of Lobito in Angola to the DRC border.
The deal would be DFC's first investment in the rail sector on the continent.
This is the first step in connecting Angola to the DRC.
This can develop the commercial and economic activity of two countries so as to promote greater potential investment in agriculture, digital infrastructure and greater access to electricity.
Third, digital infrastructures
In this regard, it should be noted that the DFC, the United States Agency for International Development (USAID) and the United States Trade and Development Agency (USTDA) fund investments in digital infrastructure and improving access to digital services in Angola and the Democratic Republic of Congo (DRC).
Building on existing DFC financing for telecommunications provider Africell in the DRC, Sierra Leone and The Gambia, US EXIM is continuing its due diligence work for a new transaction to expand wireless services, and l USAID Announces Digital Payments Initiative with Africell in Angola.
These two projects aim to bring fast and reliable internet to individuals and businesses across the Lobito Corridor and expand access to mobile money services in rural areas.
Quarto, the expansion of the fiber optic network
In the Democratic Republic of Congo, USTDA and USAID are providing support as part of the first steps to facilitate the expansion of last mile connectivity with Jenny Internet, the expansion of the fiber network to connect more than 30 cities with Bandwidth and Cloud Services Group, expanding rural internet connectivity for half a million people with DRC-based internet service provider Global Broadband Solution SARL, and piloting the company's Open Radio Access Networks equipment American Parallel Wireless with Vodacom RDC in five villages.
During the eight working sessions of this Summit, the leaders of the G7 also addressed some main issues such as Russia's aggression against Ukraine, the case of the DRC, dialogue with partners at the international level, disarmament and nuclear non-proliferation, economic resilience and security, climate, energy and environment, food, health and development.
The G7 summit is a forum that plays an important role in shaping global responses to global challenges, complementing the global economic coordination provided by the G20.
This summit brings together leaders from the European Union and the following countries: Canada; France ; Germany ; Italy, Japan; United Kingdom, United States.
mediacongo
Thing's that make you go Hmm
Food for thought
Cheers
Frank
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If I was a betting man I'd take the tails on that one imo
" Chinese companies are trying to get hold of all the lithium deposits on the black continent by all means, thus guaranteeing its supply chain and reassuring its position of world leadership "
" China's strategy in DR Congo in particular and in Africa in general, is to monopolize lithium "
" By 2050, lithium needs could be multiplied by 57, with its deposits, the DR Congo can place itself alongside Australia and Chile as one of the three major lithium producers in the world, of course if the DR Congo was starting the exploitation of its ore, which should start this year, but blocked by mysterious maneuvers in the agreements of the Congolese State company and the Australian partner, AVZ MINERALS."
"With the visit of Congolese President Felix Tshisekedi to China from the 24th to the 29th of this month, China intends to reassure its hold on Congolese lithium."
I certainly hope your eyes are wide open Felix on your visit to China.........the time of reckoning is NOW, are you going to let your country continue to fall down the rabbit hole and thus allow China to dictate to not only your country but the world, or will you have a strong pair of gonads and fight back against the oppressive regime as per your mantra at the beginning of your presidency to fight corruption and provide your people with a better life ?
Your legacy could be imperial, or it could be compared to the low life Kabila..........its in your hands pal.
imo
Are you thinking about the rail line in the other direction to the port of Banana?
Penny Wong says Anthony Albanese won't visit China unless 'progress' is made to resolve trade arguments
The foreign minister says more progress is needed before the prime minister goes to China.
Hey Albo, tell that mongrel XI , that you wont be visiting him unless he tells ZIJIN to FUCK OFF too !!
No, same as he didn't move Ministers on during the reshuffle. He is cornered and only thinking of the next election, just like Politicians in Australia.
No forward thinking.
9cardomaha
Regular
So this is from a local NGO a while back, but i have heard it is being picked up by an international NGO (think its Amnesty) who are following up on the unfair relocation of communities around Komoa Copper (this is ZJ's project with Ivanhoe).
Frank
Top 20
*Apologies for Not Posting this and other recent Tweets on the "Other Thread" - AVZ Discussion 2023, after being asked to comply time and time again, by some
who's gone MIA and who's name i can't remember My Bad Anyway, Looks like the Best thing about that 2023 Thread, apart from being Dead as a Door-nail, Is the Tumbleweeds
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It does my head in that china is the only mob that sees Manono as a global significant resource that it is And go out and try to get it. With bribes and extortion when all the yanks , euros, Australians have to do is back avz in a uncorrupt and to the letter of the law way with money or diplomacy or both. But the short sighted clowns can't even do that. Not hard to see who'll be the next supper power imo.
Sparrowhawk12
Regular
Kiki also finished article with "It is up to the Congolese head of state, Félix Tshisekedi, to cede or not, the monopoly of lithium to China".
I suspect (60% hopeful) that C & Z are out of Manono PR13359 going forward & hence C & Z lodged claims for damages with ICC. Either they are out or they are trying to scare off, delay to after elections ...; whoever Dathcom's new JV partner(s) will be before it gets finalised.
I think I read PR05 FT is meeting PR Xi on 26/5. I'm hoping we hear meaningful leaks in the days after that and hoping for AVZ Ann's by early to mid-June.
IMO, Sparrowhawk
Frank
Top 20
According to the presidential press, Felix Tshisekedi will meet, this Friday, May 26, 2023, Chinese President Xi-Jinping, face-to-face, during which the two heads of state will revitalize the Sino-Congolese economic partnership.
www.mediacongo.net/article-actualite-122337_rdc_chine_felix_tshisekedi_est_arrive_a_pekin_pour_une_visite_officielle.html
Frank
Top 20
BHP-backed Tanzania nickel miner in talks for offtake contracts
BHP Group-backed Lifezone Metals, which is developing a nickel mine in Tanzania, is negotiating supply deals with several electric vehicle manufacturers and battery makers as the race for energy transition metals intensifies, its CEO said.
The process run by RBC Capital Markets to sell yet-to-be-produced metal from Lifezone’s Kabanga Nickel project has attracted strong interest from EV and battery companies, some of which have been to the mine site, CEO Chris Showalter said.
Lifezone Metals, which plans to list in New York this year via a blank-check acquisition deal that values the firm at around $1 billion, owns the Kabanga nickel and cobalt mine and refinery in north-west Tanzania.
BHP currently holds a minority stake in Kabanga and has an option to raise its interest in the mine to 51% and subsequently become its operator, Showalter said.
The global miner is pivoting back to Africa after exiting the continent in 2015 when it spun off South32.
The Tanzanian government also holds a minority stake in Kabanga.
Via the deals currently under discussion, Lifezone could sell its share of output, equivalent to 40% of the metal produced at the facility, to help raise the capital it requires for the mine’s development, Showalter said.
“Primarily what we are looking for is a prepayment structure,” Showalter told Reuters.
“In our view this would replace the more traditional project finance portion of the project funding.”
EVs and battery manufacturers wanting to secure supplies from the mine could have to compete for offtake rights, Showalter, a former investment banker, said.
Nickel, key to growth in electric vehicles, is used in lithium-ion batteries, and helps vehicle manufactures to use less cobalt.
Indonesia currently accounts for around 40% of the world’s nickel supply, with much of it controlled by Chinese companies.
With BHP’s backing, there is potential to expand on plans to produce about 60,000 tons of refined nickel from initial expectations of about 40,000 tons, Showalter said.
Xerof
Have a Cigar 1975
But then that stupid MoM goes and offers CMOC to extract nickel from the DRC, without any contestable bidding.BHP-backed Tanzania nickel miner in talks for offtake contracts
BHP Group-backed Lifezone Metals, which is developing a nickel mine in Tanzania, is negotiating supply deals with several electric vehicle manufacturers and battery makers as the race for energy transition metals intensifies, its CEO said.
The process run by RBC Capital Markets to sell yet-to-be-produced metal from Lifezone’s Kabanga Nickel project has attracted strong interest from EV and battery companies, some of which have been to the mine site, CEO Chris Showalter said.
Lifezone Metals, which plans to list in New York this year via a blank-check acquisition deal that values the firm at around $1 billion, owns the Kabanga nickel and cobalt mine and refinery in north-west Tanzania.
BHP currently holds a minority stake in Kabanga and has an option to raise its interest in the mine to 51% and subsequently become its operator, Showalter said.
The global miner is pivoting back to Africa after exiting the continent in 2015 when it spun off South32.
The Tanzanian government also holds a minority stake in Kabanga.
Via the deals currently under discussion, Lifezone could sell its share of output, equivalent to 40% of the metal produced at the facility, to help raise the capital it requires for the mine’s development, Showalter said.
“Primarily what we are looking for is a prepayment structure,” Showalter told Reuters.
“In our view this would replace the more traditional project finance portion of the project funding.”
EVs and battery manufacturers wanting to secure supplies from the mine could have to compete for offtake rights, Showalter, a former investment banker, said.
Nickel, key to growth in electric vehicles, is used in lithium-ion batteries, and helps vehicle manufactures to use less cobalt.
Indonesia currently accounts for around 40% of the world’s nickel supply, with much of it controlled by Chinese companies.
With BHP’s backing, there is potential to expand on plans to produce about 60,000 tons of refined nickel from initial expectations of about 40,000 tons, Showalter said.
View attachment 37233
FMD, it's either paper bags, or some oral
*Apologies for Not Posting this and other recent Tweets on the "Other Thread" - AVZ Discussion 2023, after being asked to comply time and time again, by some
Anyway, Looks like the Best thing about that 2023 Thread, apart from being Dead as a Door-nail, Is the Tumbleweeds
View attachment 37225
From this item last paragraph:
"It is estimated that 90% of the Congo's mining exports go to China, but its contribution to GDP does not exceed 30%," said Jean-Pierre Okenda, director of extractive industries for Resource Matters, an NGO which is calling for greater transparency in the negotiations.
Tshisekedi is expected to raise the issues during his trip to Beijing. However, "the real negotiations with the Chinese side will only start when the president returns," one of the sources told Reuters.
With only 6 months to the elections would Felix want any fall out either way ?Is it safer for him to hold off and keep it as a work in progress? I am sure the Chinese would be happy to go along with that . Surely in a few months time we are not still sitting here in the cone of silence wondering what's going on ? I think we are all intelligent enough to know what's going on . Punters might need to tell the AVZ Team what's going on if they haven't figured it out by then so they can reduce their salaries and instigate Plan B . Unless of course they have sorted it out by then. In which case they can give us access to our money . IMO
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