AVZ Discussion 2022

[Frank]

Joe Biden visited DRC recently didnt he ?

A US participant would be the ULTIMATE FU to CHINA GOVT!!

In fact, if every country wised up and developed their own supply chains ( battery hubs/ manufacturing in general ) and were prepared to pay a little bit more for local quality and stopped buying cheap china goods, then with China so indebted v GDP ( 3 x evergrande time bomb ), potential recession, it will bring PRESIDENT XI to his knees......

I have been a liberal voter all my life, but this upcoming election, I am voting for ALBANESE.

PRO EV, PRO manufacturing, going to create a battery manufacturing hub within Australia,..........thats good enuff for me.

I just hope Labour can balance the books , I cant stand Clive Palmer, but his idea of raising the royalties for iron ore to pay off the trillion dollar debt is a good one, so i hope his votes are aligned to Labour in that regard and of course, I hope Albanese can be strong to China too.

Did i mention i hate CHINA GOVT ?

View attachment 6207

Joe Biden visited DRC recently didnt he ?

A US participant would be the ULTIMATE FU to CHINA GOVT!!

Fyi, fwiw,

DRC investment climate has improved under Felix Tshisekedi’s administration, US report says​

From openness to foreign direct investment to the fight against corruption, including the return of the DRC to AGOA, the implementation of reforms to improve the judicial system, transparency in the management of public finances, the facilitation business through the Single Window for Business Creation, the raising of the country’s sovereign rating, are all assets taken into account by an American report on investments in the DRC and which make the administration of Félix Tshisekedi in his efforts to improve the business climate.

At a time when all the countries of the world are competing in initiatives to attract and retain private investment that will help sustain growth, create jobs and promote inclusive development, the Democratic Republic of Congo has also been working, since election of Félix Tshisekedi in January 2019, to create an environment conducive to doing business by adopting regulations that help entrepreneurs start businesses, hire and grow their businesses.

A process notably taken up as one of the pillars of the Action Program of the President of the Republic, as well as that of the Government, and whose objective is to promote the emergence of the private sector and to impose the country as a investment destination of choice in Africa.

This bet is particularly appreciated by the Americans who, in a report on investments in the DRC, note certain efforts in improving the business climate.

Since the election of Félix Tshisekedi, the Democratic Republic of Congo has not only emerged from political isolation but also the country has taken a big step in facilitating foreign investment on its soil.

As proof, the American giant Pepsi is in the process of establishing itself during this month of April 2022 in the pilot economic zone of Maluku, on the outskirts of Kinshasa.

The DRC becomes more attractive

After a careful analysis of the business climate indicators in the DRC, Americans note in the report the openness to foreign direct investment (FDI), particularly from the United States of America.

It is precisely in this perspective that the Head of State Félix Tshisekedi created a Unit dealing with the Business Climate within the Presidency of the Republic, the highest institution in the country to monitor the improvement of the economic environment and business climate, and interface with the business community.

This American report also justifies this improvement in the business climate by raising the sovereign credit rating of the DRC with the rating agencies.

In July 2020, the Standard & Poor’s rating agency downgraded the DRC’s outlook from “positive” to “stable” due to the likely impacts of the pandemic.

Early on, the DRC showed resilience in 2020, as the global recession did not devastate its commodity-dependent economy as deeply as many economists had expected.

Thus, while the World Bank predicted a recession in the Congolese economy with a negative growth of our GDP of 3.5% (for the first time since 2001), the Congolese economy thwarted this prognosis by posting a growth of its GDP around 0.8% in 2020 due to the “dynamism of extractive activity”.

In view of these improvements, Standards & Poor’s Global Ratings raised the sovereign credit rating of the DRC from “CCC+/C” to “B-/B” in January 2022, thus allowing the DRC to join the club of African countries rated ” B-” by the Agency, including Nigeria and Cameroon.

Fight against corruption

The other positive point of the attractiveness of investments in the DRC is the fight against corruption and money laundering in which Kinshasa is committed.

Moreover, Kinshasa and Washington are linked by a partnership relating to the promotion of democracy, human rights and the fight against corruption.

This report fully appreciates the efforts of current leaders to prosecute managers of institutions implicated in corruption and others.

*Better, Félix Tshisekedi has created an entire anti-corruption agency to improve the DRC’s reputation for corruption, thus improving the DRC’s sore on the corruption perception index in 2021: 169th out of 180.

In view of these advances, the United States is very involved in supporting efforts for change in the DRC.

They continue to engage in discussions on the importance of the fight against corruption, the fight against money laundering, and also on how to promote competition and attract American investors.

It should be noted that ANAPI (Agency for the Promotion of Investments), in its roadmap, has four strategic orientations, namely: (i) simplification, dematerialization and strengthening of the transparency of administrative procedures; (ii) simplification of taxation and promotion of access to credit; (iii) modernization of commercial justice and improvement of the resolution of commercial disputes; and (iv) improvement of consultation, communication and reform monitoring.

These reforms are all part of a systemic and sustainable perspective; that of the elimination of all obstacles to good business practice for any economic operator, synonymous with economic profitability for the private sector, improvement in the level of employment, increased tax revenue and increased income .

These are all essential elements to increase the attractiveness and improve the competitiveness of the Congolese economy.

Copperbelt Katanga Mining - African Copperbelt's Top Mining News

African Copperbelt's Top Mining News

copperbeltkatangamining.com

According to the IMF: the advancement of structural reforms remains essential to promote inclusive growth and social inclusion

During the Troika meeting chaired Tuesday, May 10 by the Minister of Finance, Nicolas Kazadi in the presence of a IMF delegation, the two parties exchanged on the reforms at the Central Bank of Congo (BCC) to improve backups; Strengthen the framework of monetary policy by increasing international reserves and improving banking supervision, while supporting financial inclusion.

According to the IMF, the progress of structural reforms remains essential to promote inclusive growth and social inclusion.

To support economic activity, it will be necessary to meet the important infrastructure needs, with strict hierarchy and a timely implementation of investment projects conducive to growth.

In addition, the simplification of the tax system and the improvement of the business climate and governance remain essential to support economic diversification, mobilize investments and promote growth driven by the private sector, especially since the global energy transition offers opportunities , especially in the mobilization of climate funding.

www.mediacongo.net

Jin Cheng has no legal claim to the 15%

AVZ DO!!!!

And if Cominiere has had its palms greased and sold it illegally, then they are screwed too.

Arbitration Seems to have been instigated by Jin Cheng, so they may feel they have a case....but I don't think their shifty ways will fly in Paris.

I don't think the French are too sympathetic to the Chinese at the moment!!!

GT3loui​

Ditto, I concur GT3

Food for thought on the Road to Paris

Frank

 

[Doc]

I decided about 30 seconds after the announcement this morning that anything I'd need to know would be here and I wasn't going to bother reading 50 shitposts making the same rehashed claim to see one good one and haven't even looked at the crapper today.

 

[Sammy_da_Smile]

So this is a mistake yeh, highlighted below? Should say 2022?

This is why I was confused thinking they were claiming the percentage we used to get to 75%

 

[Bonsoir]

Joe Biden visited DRC recently didnt he ?

A US participant would be the ULTIMATE FU to CHINA GOVT!!

Fyi, fwiw,

DRC investment climate has improved under Felix Tshisekedi’s administration, US report says​

From openness to foreign direct investment to the fight against corruption, including the return of the DRC to AGOA, the implementation of reforms to improve the judicial system, transparency in the management of public finances, the facilitation business through the Single Window for Business Creation, the raising of the country’s sovereign rating, are all assets taken into account by an American report on investments in the DRC and which make the administration of Félix Tshisekedi in his efforts to improve the business climate.

At a time when all the countries of the world are competing in initiatives to attract and retain private investment that will help sustain growth, create jobs and promote inclusive development, the Democratic Republic of Congo has also been working, since election of Félix Tshisekedi in January 2019, to create an environment conducive to doing business by adopting regulations that help entrepreneurs start businesses, hire and grow their businesses.

A process notably taken up as one of the pillars of the Action Program of the President of the Republic, as well as that of the Government, and whose objective is to promote the emergence of the private sector and to impose the country as a investment destination of choice in Africa.

This bet is particularly appreciated by the Americans who, in a report on investments in the DRC, note certain efforts in improving the business climate.

Since the election of Félix Tshisekedi, the Democratic Republic of Congo has not only emerged from political isolation but also the country has taken a big step in facilitating foreign investment on its soil.

As proof, the American giant Pepsi is in the process of establishing itself during this month of April 2022 in the pilot economic zone of Maluku, on the outskirts of Kinshasa.

The DRC becomes more attractive

After a careful analysis of the business climate indicators in the DRC, Americans note in the report the openness to foreign direct investment (FDI), particularly from the United States of America.

It is precisely in this perspective that the Head of State Félix Tshisekedi created a Unit dealing with the Business Climate within the Presidency of the Republic, the highest institution in the country to monitor the improvement of the economic environment and business climate, and interface with the business community.

This American report also justifies this improvement in the business climate by raising the sovereign credit rating of the DRC with the rating agencies.

In July 2020, the Standard & Poor’s rating agency downgraded the DRC’s outlook from “positive” to “stable” due to the likely impacts of the pandemic.

Early on, the DRC showed resilience in 2020, as the global recession did not devastate its commodity-dependent economy as deeply as many economists had expected.

Thus, while the World Bank predicted a recession in the Congolese economy with a negative growth of our GDP of 3.5% (for the first time since 2001), the Congolese economy thwarted this prognosis by posting a growth of its GDP around 0.8% in 2020 due to the “dynamism of extractive activity”.

In view of these improvements, Standards & Poor’s Global Ratings raised the sovereign credit rating of the DRC from “CCC+/C” to “B-/B” in January 2022, thus allowing the DRC to join the club of African countries rated ” B-” by the Agency, including Nigeria and Cameroon.

Fight against corruption

The other positive point of the attractiveness of investments in the DRC is the fight against corruption and money laundering in which Kinshasa is committed.

Moreover, Kinshasa and Washington are linked by a partnership relating to the promotion of democracy, human rights and the fight against corruption.

This report fully appreciates the efforts of current leaders to prosecute managers of institutions implicated in corruption and others.

*Better, Félix Tshisekedi has created an entire anti-corruption agency to improve the DRC’s reputation for corruption, thus improving the DRC’s sore on the corruption perception index in 2021: 169th out of 180.

In view of these advances, the United States is very involved in supporting efforts for change in the DRC.

They continue to engage in discussions on the importance of the fight against corruption, the fight against money laundering, and also on how to promote competition and attract American investors.

It should be noted that ANAPI (Agency for the Promotion of Investments), in its roadmap, has four strategic orientations, namely: (i) simplification, dematerialization and strengthening of the transparency of administrative procedures; (ii) simplification of taxation and promotion of access to credit; (iii) modernization of commercial justice and improvement of the resolution of commercial disputes; and (iv) improvement of consultation, communication and reform monitoring.

These reforms are all part of a systemic and sustainable perspective; that of the elimination of all obstacles to good business practice for any economic operator, synonymous with economic profitability for the private sector, improvement in the level of employment, increased tax revenue and increased income .

These are all essential elements to increase the attractiveness and improve the competitiveness of the Congolese economy.

Copperbelt Katanga Mining - African Copperbelt's Top Mining News

African Copperbelt's Top Mining News

copperbeltkatangamining.com

According to the IMF: the advancement of structural reforms remains essential to promote inclusive growth and social inclusion

During the Troika meeting chaired Tuesday, May 10 by the Minister of Finance, Nicolas Kazadi in the presence of a IMF delegation, the two parties exchanged on the reforms at the Central Bank of Congo (BCC) to improve backups; Strengthen the framework of monetary policy by increasing international reserves and improving banking supervision, while supporting financial inclusion.

According to the IMF, the progress of structural reforms remains essential to promote inclusive growth and social inclusion.

To support economic activity, it will be necessary to meet the important infrastructure needs, with strict hierarchy and a timely implementation of investment projects conducive to growth.

In addition, the simplification of the tax system and the improvement of the business climate and governance remain essential to support economic diversification, mobilize investments and promote growth driven by the private sector, especially since the global energy transition offers opportunities , especially in the mobilization of climate funding.

www.mediacongo.net


View attachment 6232


View attachment 6234


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View attachment 6233


Jin Cheng has no legal claim to the 15%

AVZ DO!!!!

And if Cominiere has had its palms greased and sold it illegally, then they are screwed too.

Arbitration Seems to have been instigated by Jin Cheng, so they may feel they have a case....but I don't think their shifty ways will fly in Paris.

I don't think the French are too sympathetic to the Chinese at the moment!!!

GT3loui​

View attachment 6229

Ditto, I concur GT3

Food for thought on the Road to Paris

Frank

I don’t think the French are to sympathetic to Australia either, just hope whoever is in charge of arbitration didn’t have shares in the canceled submarine deal we had with the French.

 

[DiscoDanNZ]

So this is a mistake yeh, highlighted below? Should say 2022?

This is why I was confused thinking they were claiming the percentage we used to get to 75%

View attachment 6238

Correct

 

[Sammy_da_Smile]

Damn that is a shit mistake to make haha

 

[Hemicuda]

Face palm, I thought we were past this

 

[Sammy_da_Smile]

Face palm, I thought we were past this

Oh to me? My apologies if someone picked it up earlier.

 

[Hemicuda]

Oh to me? My apologies if someone picked it up earlier.

No mate all good just face palm to mistakes in announcements,,,, few years back we had a few howlers in official news,,,

 

[Sammy_da_Smile]

Cool mate!
Yeh I agree, I figured it was correct as I remember reading all the shit recently about zijin last year etc etc. Then re read it again after work and was like, na, hangon there was an Ann last week on that day about it and so yeh.

Hopefully there isn't a stuff up like that in the contract

 

[blu]

Thanks to all well wishers on my covid lung clots. Much appreciated. Need to go on long term pain killers to alleviate pain of physio so as to regain full breathing ability or will end up with a collapsed lung. Plus 6 months on blood thinners. Fit and healthy 55yo. Covid just keeps on giving.

Not the announcement we were after, stay strong - "Sail the Wildest Stretch" (Powderfinger's finest)

Now that you mentioned Powderfinger, I used to have a Hunters and Collectors t-shirt with "that which doesn't break us, makes us stronger" on the back. Hope you come through stronger and better @Dazmac66

 

[Hemicuda]

Cool mate!
Yeh I agree, I figured it was correct as I remember reading all the shit recently about zijin last year etc etc. Then re read it again after work and was like, na, hangon there was an Ann last week on that day about it and so yeh.

Hopefully there isn't a stuff up like that in the contract

Or was it the redacted tweets,, cant remember now, Brains in overload,,,, anyway makes me think it was deff rushed Out the door last minute

 

[Winenut]

I don’t think the French are to sympathetic to Australia either, just hope whoever is in charge of arbitration didn’t have shares in the canceled submarine deal we had with the French.

Exactly what I was going to say

Tres Bien

 

[Winenut]

So this is a mistake yeh, highlighted below? Should say 2022?

This is why I was confused thinking they were claiming the percentage we used to get to 75%

View attachment 6238

Has anyone advised AVZ of the possible error in their announcement?

They should probably re-issue it and correct the mistake

Dot the i's cross the t's....dot the fkn i's and cross the fkn t's AVZ ...c'mon!

 

[BRICK]

I don’t think the French are to sympathetic to Australia either, just hope whoever is in charge of arbitration didn’t have shares in the canceled submarine deal we had with the French.

Now that you mentioned Powderfinger, I used to have a Hunters and Collectors t-shirt with "that which doesn't break us, makes us stronger" on the back. Hope you come through stronger and better @Dazmac66

Grrreat band to see live! H&C

 

[Winenut]

No mate all good just face palm to mistakes in announcements,,,, few years back we had a few howlers in official news,,,

Yep collective face palm AVZ

 

[Winenut]

Grrreat band to see live! H&C

the slab

talking to a stranger

throw your arms around me

everythings on fire

etc etc etc

 

[Winenut]

I decided about 30 seconds after the announcement this morning that anything I'd need to know would be here and I wasn't going to bother reading 50 shitposts making the same rehashed claim to see one good one and haven't even looked at the crapper today.

Funny thing is ....I was talking about here!!!

 

[Sammy_da_Smile]

After days of this going through my head, and as stated in other words previously, all I can say is if the DRC government do not intercede and revoke any share certificate or agreement that Cominiere has given Zijin asap, then to put it simply.... 'we need Zijin in on this'

What?, why? you may ask, we'll it is then time to face reality, there are rogues within the DRC that still have a huge amount of influence from behind closed doors (as is the case in almost every country but I guess at a whole different level in Africa), to the point that they can pull off illegal activity without the leader of the country being able to do a thing (yes yes I know many examples in the West too).

Felix and Co. have had months to clear this up, but have failed to do so thus far, now here we are with Zijin forcing us into arbitration. We all know whatever they have done is 'just not cricket', and I hope the tribunal rules in our favour, buuuut if Zijin win then it's time to drop the ego and get on with the show, full speed ahead.

Reasons I'll be content having Zijin on board IF FELIX AND CO. DONT STEP IN:
-They just proved they are smarter than us at navigating the DRC political landscape, 100% no if's or but's
-They're state backed by none other than China
-They're ruthless, cunning, money worshipping, unemotional and know how to get their way
-They have the cash (huuuuge cash), knowledge, and connections, not just around the world but specifically in the DRC too
-They've built a variety of mines all around the world and again specifically in the DRC months ahead of schedule
-They would of just outwitted AVZ management, the DRC gov and CATH, by paying peanuts for their %
-They will have us expanding to 10/20/30mtpa and the battery hub up and running quicker than we would without them regardless of who else we might pull in to build the mine without them
-If Felix loses the next election, or if there is any political unrest yrs down the track then you can almost bet that we'd wished we had them on board for all of the above reasons

I'm not saying I definitely want Zijin on board, I'd prefer Felix and the tribunal to teach them a lesson and also to reign in the rogues willing to do back door deals, but I am saying if the DRC gov do not intercede and the tribunal rules in their favour, then it is what it is and I will say "well played you sneaky dogs, good to have you on board, let's get on with the show" , because I'm here to make money, not whinge about how little sway a foreign leader has in his own country, or how corrupt that country might be, that's out of shareholders hands beyond contacting the relevant DRC officials and voicing your opinion. Sour grapes or allowing ego to get in the way wont solve anything. If you're beaten in any game then it's best to try and learn something from how you were beaten rather than sitting in the corner in a fetal position. So in answer to 'will I sell?'...'nope' is my answer, because there's plenty of money to be made here either way, and to be totally honest if some holders try to say 'that's not ethical' then I'd remind them that they seemed to have missed the memo on how we got our PE's to begin with.

Some holders may want to bitch slap me right now, but that's ok, I understand your anger, but anger won't reverse any decision the tribunal makes, nor will it make us money.

Yeh that's a good way of looking at it mate. I had a similar thinking, make them help pay for all the infrastructure at Roche, then we as 100% avz on our other titles start up 10mpta and use what has just been built haha

We'd have a decent say in what happens at Roche (51%) and can block their attempts to ramp up. Big F U

 

[Winenut]

After days of this going through my head, and as stated in other words previously, all I can say is if the DRC government do not intercede and revoke any share certificate or agreement that Cominiere has given Zijin asap, then to put it simply.... 'we need Zijin in on this'

What?, why? you may ask, we'll it is then time to face reality, there are rogues within the DRC that still have a huge amount of influence from behind closed doors (as is the case in almost every country but I guess at a whole different level in Africa), to the point that they can pull off illegal activity without the leader of the country being able to do a thing (yes yes I know many examples in the West too).

Felix and Co. have had months to clear this up, but have failed to do so thus far, now here we are with Zijin forcing us into arbitration. We all know whatever they have done is 'just not cricket', and I hope the tribunal rules in our favour, buuuut if Zijin win then it's time to drop the ego and get on with the show, full speed ahead.

Reasons I'll be content having Zijin on board IF FELIX AND CO. DONT STEP IN:
-They just proved they are smarter than us at navigating the DRC political landscape, 100% no if's or but's
-They're state backed by none other than China
-They're ruthless, cunning, money worshipping, unemotional and know how to get their way
-They have the cash (huuuuge cash), knowledge, and connections, not just around the world but specifically in the DRC too
-They've built a variety of mines all around the world and again specifically in the DRC months ahead of schedule
-They would of just outwitted AVZ management, the DRC gov and CATH, by paying peanuts for their %
-They will have us expanding to 10/20/30mtpa and the battery hub up and running quicker than we would without them regardless of who else we might pull in to build the mine without them
-If Felix loses the next election, or if there is any political unrest yrs down the track then you can almost bet that we'd wished we had them on board for all of the above reasons

I'm not saying I definitely want Zijin on board, I'd prefer Felix and the tribunal to teach them a lesson and also to reign in the rogues willing to do back door deals, but I am saying if the DRC gov do not intercede and the tribunal rules in their favour, then it is what it is and I will say "well played you sneaky dogs, good to have you on board, let's get on with the show" , because I'm here to make money, not whinge about how little sway a foreign leader has in his own country, or how corrupt that country might be, that's out of shareholders hands beyond contacting the relevant DRC officials and voicing your opinion. Sour grapes or allowing ego to get in the way wont solve anything. If you're beaten in any game then it's best to try and learn something from how you were beaten rather than sitting in the corner in a fetal position. So in answer to 'will I sell?'...'nope' is my answer, because there's plenty of money to be made here either way, and to be totally honest if some holders try to say 'that's not ethical' then I'd remind them that they seemed to have missed the memo on how we got our PE's to begin with.

Some holders may want to bitch slap me right now, but that's ok, I understand your anger, but anger won't reverse any decision the tribunal makes, nor will it make us money.

Will throw my point of view on HC too I guess, screw em all, show me the money!

I feel that is a very intelligent and considered post @ohreally

Many strong and relevant points

My preferred path would be some spine from the DRC and FT and the shennanigans are put 100% to bed .....BUT!......if we have to be nimble and smart to achieve the outcomes then let's be nimble and smart

I'm comfortable with other options ....IF!.....we still maintain the majority share of the project and can execute control at board level

I'm glad you posted and your points have added to my critical analysis

Again I acknowledge how lucky we are to have this forum to discuss issues in a meaningful and non-threatening way!!

Thank ....whatever God you may believe in....or not