Dead right
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Winenut
Go AVZ!
It wasn't about pulling the pin and chasing other projects....it was about becoming a fucking serious mining player on the world scene on the back of Manono and then expanding from there......well.....at least that's what I thought at the timeThanks Carlos appreciate your insight as always.
You answered the question I was trying to ask
Your answer has jogged a memory from either the last AGM or Perth RS in which Nigel mentioned pulling the pin and chasing another project (hazy memory but I think it was in the context of AVZ being unsuccessful in getting the ML).
Sheer fatigue for a start. Hard to imagine Nigel and the BOD would have the required appetite and stamina to now build a mine after enduring the head-fuck they've had to go thru just to get a ML. Armed with a ML the prospect of a decent TO presents as a get-out-of-jail card. Forget the DRC and GTFO. IMO.
Frank
Top 20
*Fyi, Hot off the Press at Media Congo / EconomieIt wasn't about pulling the pin and chasing other projects....it was about becoming a fucking serious mining player on the world scene on the back of Manono and then expanding from there......well.....at least that's what I thought at the time
Manono lithium project: AVZ sues Congo in Washington court over mining license
AVZ Minerals has accused the Democratic Republic of Congo of having acted illegally by refusing to issue it an exploitation license for a large lithium deposit located in the south of the country.
The Perth-headquartered lithium explorer said late Friday that it had filed for arbitration with the International Center for Settlement of Investment Disputes in Washington, DC, seeking unpaid remedies. specified on the part of the DRC, which would not have respected its own mining code.
“The company considers the conduct of the DRC to be illegal and the company, together with the plaintiffs, will take all necessary measures to protect the interests of its stakeholders,” AVZ said in a statement.
The company, which had a market capitalization of $2.75 billion, was suspended from the ASX in May 2022.
The explorer faces separate legal disputes with two of its joint venture partners in the DRC – Dathomir and Cominière – as well as a dispute with Chinese miner Zijin Mining.
In Australia, a class action is being prepared by Omni Bridgeway on the grounds that AVZ allegedly failed to disclose disputes over ownership rights to the DRC project, known as Manono, to investors in 2021.
The former lithium industry darling declined to answer earlier questions about the options it has to sell its ownership rights to the Manono project under the joint venture if it fails to secure an operating license mining.
It also declined to answer questions about when it might return to the market and what steps it has taken to obtain a mining license, as shareholder frustration mounts.
Cominière, the Congolese state mining body, reportedly notified AVZ of its intention to end their joint venture partnership to develop the Manono project in December.
However, AVZ refused to agree to the termination of the project unless ordered by the International Chamber of Commerce.
On May 5, AVZ said an ICC arbitrator had granted it an injunction to prevent Cominière from taking steps to dissolve the joint venture in DRC courts.
However, Cominière is seeking US$566 million ($843 million) in damages from AVZ for what it considers financial loss resulting from the company's alleged mismanagement and breach of the terms of the agreement. joint venture agreement.
Separately, Zijin Mining has asked the ICC to investigate a complaint against AVZ for what it claims is a non-recognition of its 15% stake in the project and is seeking US$850 million in compensation.
A hearing to determine whether Zijin is entitled to file a complaint against AVZ with the TCC is scheduled for July 3.
Winenut
Go AVZ!
Frank
Top 20
*To Remind, Unfortunately it won't let me Translate from French, but you'll get the Drift of it easily enough
Bradage des actifs miniers de la COMINIERE : Jules Alingete accable Adèle Kanyinda et les dirigeants de cette entreprise
Un vrai scandale ! Un rapport de l’Inspection générale des finances (IGF), daté 30 novembre 2022, dont Exclusif s’est procuré une copie, met à nu le bradage planifié des actifs miniers de l
exclusifrdc.com
Frank
Top 20
Carlos Danger
Top 20
Sheer fatigue isn't in the best interest of shareholders. Management have a duty to maximise long term value so having the licence would make a decision to sell much more difficult. The point of my question was it's easier for Felix to promise the licence and a cheaper acquisition for a potential buyer in exchange for guarantees about battery plants being built in the DRC.
At this stage of the game I don't care for it's abundantly clear they have Felix's ear and we don't. And China won't give up.
That's all one needs to know to realise the dream of an excellent mining adventure in the DRC is now folly.
After six long years I'm now about recovering capital and finally taking profits. Over it. Life's too short.
GLTAH.
Winenut
Go AVZ!
Then have another one tonight and make it $20...
marksmann007
Regular
I need to work on having better dreams.
In my dream we got a shareholder update from AVZ management.
In my dream we got a shareholder update from AVZ management.
TDITD
Top 20
Frank
Top 20
DRC Mining Week / 2023 in Lubumbashi: Sama Lukonde spreads the Government's vision on the mining industry and agriculture
On behalf of the President of the Republic, Félix Antoine Tshisekedi Tshilombo, the Prime Minister, Jean-Michel Sama Lukonde, spoke, this Thursday, June 15, 2023, at the Mining Week of the Democratic Republic of Congo called “DRC Mining Week ”, which opened in Lubumbashi on June 14 under the theme:
“Recognize the trophies and victories of the mining industry in the DRC and outside“.
For the occasion, the Head of Government responded to a series questions.
”I would first like to mention here that I wanted to be present at these meetings, where I was delegated by His Excellency the President of the Republic, to be able to be close to this sector which is so vital for us in the Democratic Republic of the Congo right now.
And also to be close to our partners in the mining sector and also to listen to their concerns. I absolutely wanted to mention it.
To return to the question of the day, it is this sentence, which was given, “The revenge of the ground on the basement”.
And here, the interaction that must be done with the mining sector.
This sentence so dear to His Excellency the President of the Republic, His Excellency Félix-Antoine Tshisekedi Tshilombo, he does not want to make it a slogan, but a reality. And I will give answers, perhaps from the institutional point of view. Because I followed the debate earlier.
From the institutional point of view, it is first of all the shock resulting from this Russian-Ukrainian war. And all of us realize, from that moment on, that the bulk of our imports, especially cereals, came from Ukraine. And all the other countries were affected. And so each country has turned to its local production. And we too, as a Government, to question ourselves on the subject, on the question of telling ourselves, we must absolutely guarantee our food security. And, beyond this food security, guarantee our own local production.
To do this, we first, and that's good, because we are with the Minister of Industry, adopted a National Strategic Development Plan, which covers the sectors that need the full attention of the government, in particular agriculture and then industrial production,” said Prime Minister Jean-Michel Sama Lukonde Kyenge from the outset.
“And it’s interesting that we are on this day for DRC Mining Week. But I hope that in the days to come, we could have forums, in any case, of the same size, because we already have forums in this sector, but at least forums of the same size , to also talk about agriculture and to talk about industry. Now, beyond this National Strategic Development Plan, which I spoke about, it is also the means that we must put in the sector.
Today, the mining sector is the largest contributor to the state budget. And so, a large part of this budget is allocated today to the agricultural sector.
We have effectively set up this National Program on the Development of our territories, the PDL-145T.
It is first of all to have, precisely, at the educational and health level, basic infrastructures. Basic infrastructures also at the level of our administrations for the return of the authority of the State. But afterwards, it is to have agricultural service roads. Because that is, we have talked about it, a big part of the solution.
The role of the State is to set the framework that will allow the emergence of agricultural production. And so, the agricultural service roads, it is our responsibility to put them in place so that all the production, which is done in the interior, can reach the major centers. And moreover, at the same time, solving another important problem, that of the rural exodus, the displacement of populations, because they do not have the possibility of having income in their local living environments, inside the territories.
Then, alongside these agricultural service roads, an energy plan, which is in deficit today in the mining sector. If we ever want more production, we will have to have more energy.
Of course, the public-private partnership that we have, particularly with the mining companies, provides the solution.
Earlier, with those in charge, I encouraged them to do more. And it is up to us, at the level of the Ministry of Water Resources, to also improve the conditions in terms of investments in the energy sector. Because in reality, energy goes hand in hand with all production. And agricultural production too. And so, today we are talking about the Grand Inga. But as part of the PDL-145 T, we want to have micro power stations to actually serve households, so as to lighten the main network, which could be used for industry, in particular the mining industry,” he said. -He specifies.
“I think that’s two things to think about. The first is that we want more added value at the local level.
This is what will allow us to benefit from more resources here on site, increase our income. And there, we call on the miners to develop the value-added chains of the products we have.
Today we are talking about the battery.
It's on.
We have a whole strategy with our neighbor, Zambia, so as to have added value in this sector and have more resources. But we have to do the same thinking for all the other metals we produce.
Then, alongside this production and its added value, I spoke of agriculture and I said that alongside, there is industry.
It is true that today we already have special economic zones within the framework of industry. But we want more industrialization in the country.
It is important that we can direct the resources, which we will have on this added value, towards the industry sector and have more processing alongside mining production.
I also want to mention that besides all these factors, we also need to protect our market.
Today, we are talking about agricultural production.
But if we put the framework that I talked about, we want more incentive in the agricultural sector. But we have to deal with external competition.
It is important to protect our own production so as to have more incentives for more investment.
The means to put in the agricultural sector, because the governor of Kongo central spoke about it, it is much more to accompany. But it is the framework that we are setting up, that is to say these roads and this energy that we have talked about, which will allow investors to come to this sector.
They are the real producers in the agricultural sector. And so, I believe that all of these challenges are there in front of us.
Today, we are working with all these programs that I have spoken about to put in place all this necessary framework”, concluded the Prime Minister.
It is important to emphasize that long before the Prime Minister, during a panel, three Provincial Governors, namely that of Haut-Katanga, Central Kongo, and Tanganyika, had each given the strategies of his entity in relation to to the issue of industrialization and agriculture to ensure food security.
*To remind, Manono is a town and territory in Tanganyika Province.
It should also be noted that before entering the room, Prime Minister Jean-Michel Sama Lukonde had first met with Congolese employers, including the bosses of large mining, banking and other companies on all issues related to collaboration between investors and the Government, particularly on the business climate.
And afterwards, he visited the different stands erected by the different companies that exhibited at this forum.
It should also be mentioned that several mining operators, general managers of large companies in the country took part in this conference which addressed several themes.
It should be noted that the current allocation of funds from the mining sector to boost the agricultural sector is a return of the elevator in view of the contribution of the latter in the past for the construction of the Union Minière du Haut Katanga ( UMHK), the ancestor of Gécamines.
On behalf of the President of the Republic, Félix Antoine Tshisekedi Tshilombo, the Prime Minister, Jean-Michel Sama Lukonde, spoke, this Thursday, June 15, 2023, at the Mining Week of the Democratic Republic of Congo called “DRC Mining Week ”, which opened in Lubumbashi on June 14 under the theme:
“Recognize the trophies and victories of the mining industry in the DRC and outside“.
For the occasion, the Head of Government responded to a series questions.
”I would first like to mention here that I wanted to be present at these meetings, where I was delegated by His Excellency the President of the Republic, to be able to be close to this sector which is so vital for us in the Democratic Republic of the Congo right now.
And also to be close to our partners in the mining sector and also to listen to their concerns. I absolutely wanted to mention it.
To return to the question of the day, it is this sentence, which was given, “The revenge of the ground on the basement”.
And here, the interaction that must be done with the mining sector.
This sentence so dear to His Excellency the President of the Republic, His Excellency Félix-Antoine Tshisekedi Tshilombo, he does not want to make it a slogan, but a reality. And I will give answers, perhaps from the institutional point of view. Because I followed the debate earlier.
From the institutional point of view, it is first of all the shock resulting from this Russian-Ukrainian war. And all of us realize, from that moment on, that the bulk of our imports, especially cereals, came from Ukraine. And all the other countries were affected. And so each country has turned to its local production. And we too, as a Government, to question ourselves on the subject, on the question of telling ourselves, we must absolutely guarantee our food security. And, beyond this food security, guarantee our own local production.
To do this, we first, and that's good, because we are with the Minister of Industry, adopted a National Strategic Development Plan, which covers the sectors that need the full attention of the government, in particular agriculture and then industrial production,” said Prime Minister Jean-Michel Sama Lukonde Kyenge from the outset.
“And it’s interesting that we are on this day for DRC Mining Week. But I hope that in the days to come, we could have forums, in any case, of the same size, because we already have forums in this sector, but at least forums of the same size , to also talk about agriculture and to talk about industry. Now, beyond this National Strategic Development Plan, which I spoke about, it is also the means that we must put in the sector.
Today, the mining sector is the largest contributor to the state budget. And so, a large part of this budget is allocated today to the agricultural sector.
We have effectively set up this National Program on the Development of our territories, the PDL-145T.
It is first of all to have, precisely, at the educational and health level, basic infrastructures. Basic infrastructures also at the level of our administrations for the return of the authority of the State. But afterwards, it is to have agricultural service roads. Because that is, we have talked about it, a big part of the solution.
The role of the State is to set the framework that will allow the emergence of agricultural production. And so, the agricultural service roads, it is our responsibility to put them in place so that all the production, which is done in the interior, can reach the major centers. And moreover, at the same time, solving another important problem, that of the rural exodus, the displacement of populations, because they do not have the possibility of having income in their local living environments, inside the territories.
Then, alongside these agricultural service roads, an energy plan, which is in deficit today in the mining sector. If we ever want more production, we will have to have more energy.
Of course, the public-private partnership that we have, particularly with the mining companies, provides the solution.
Earlier, with those in charge, I encouraged them to do more. And it is up to us, at the level of the Ministry of Water Resources, to also improve the conditions in terms of investments in the energy sector. Because in reality, energy goes hand in hand with all production. And agricultural production too. And so, today we are talking about the Grand Inga. But as part of the PDL-145 T, we want to have micro power stations to actually serve households, so as to lighten the main network, which could be used for industry, in particular the mining industry,” he said. -He specifies.
“I think that’s two things to think about. The first is that we want more added value at the local level.
This is what will allow us to benefit from more resources here on site, increase our income. And there, we call on the miners to develop the value-added chains of the products we have.
Today we are talking about the battery.
It's on.
We have a whole strategy with our neighbor, Zambia, so as to have added value in this sector and have more resources. But we have to do the same thinking for all the other metals we produce.
Then, alongside this production and its added value, I spoke of agriculture and I said that alongside, there is industry.
It is true that today we already have special economic zones within the framework of industry. But we want more industrialization in the country.
It is important that we can direct the resources, which we will have on this added value, towards the industry sector and have more processing alongside mining production.
I also want to mention that besides all these factors, we also need to protect our market.
Today, we are talking about agricultural production.
But if we put the framework that I talked about, we want more incentive in the agricultural sector. But we have to deal with external competition.
It is important to protect our own production so as to have more incentives for more investment.
The means to put in the agricultural sector, because the governor of Kongo central spoke about it, it is much more to accompany. But it is the framework that we are setting up, that is to say these roads and this energy that we have talked about, which will allow investors to come to this sector.
They are the real producers in the agricultural sector. And so, I believe that all of these challenges are there in front of us.
Today, we are working with all these programs that I have spoken about to put in place all this necessary framework”, concluded the Prime Minister.
It is important to emphasize that long before the Prime Minister, during a panel, three Provincial Governors, namely that of Haut-Katanga, Central Kongo, and Tanganyika, had each given the strategies of his entity in relation to to the issue of industrialization and agriculture to ensure food security.
*To remind, Manono is a town and territory in Tanganyika Province.
It should also be noted that before entering the room, Prime Minister Jean-Michel Sama Lukonde had first met with Congolese employers, including the bosses of large mining, banking and other companies on all issues related to collaboration between investors and the Government, particularly on the business climate.
And afterwards, he visited the different stands erected by the different companies that exhibited at this forum.
It should also be mentioned that several mining operators, general managers of large companies in the country took part in this conference which addressed several themes.
It should be noted that the current allocation of funds from the mining sector to boost the agricultural sector is a return of the elevator in view of the contribution of the latter in the past for the construction of the Union Minière du Haut Katanga ( UMHK), the ancestor of Gécamines.
Last edited:
Remark
Top 20
DRC Mining Week / 2023 in Lubumbashi: Sama Lukonde spreads the Government's vision on the mining industry and agriculture
On behalf of the President of the Republic, Félix Antoine Tshisekedi Tshilombo, the Prime Minister, Jean-Michel Sama Lukonde, spoke, this Thursday, June 15, 2023, at the Mining Week of the Democratic Republic of Congo called “DRC Mining Week ”, which opened in Lubumbashi on June 14 under the theme:
“Recognize the trophies and victories of the mining industry in the DRC and outside“.
For the occasion, the Head of Government responded to a series questions.
”I would first like to mention here that I wanted to be present at these meetings, where I was delegated by His Excellency the President of the Republic, to be able to be close to this sector which is so vital for us in the Democratic Republic of the Congo right now.
And also to be close to our partners in the mining sector and also to listen to their concerns. I absolutely wanted to mention it.
To return to the question of the day, it is this sentence, which was given, “The revenge of the ground on the basement”.
And here, the interaction that must be done with the mining sector.
This sentence so dear to His Excellency the President of the Republic, His Excellency Félix-Antoine Tshisekedi Tshilombo, he does not want to make it a slogan, but a reality. And I will give answers, perhaps from the institutional point of view. Because I followed the debate earlier.
From the institutional point of view, it is first of all the shock resulting from this Russian-Ukrainian war. And all of us realize, from that moment on, that the bulk of our imports, especially cereals, came from Ukraine. And all the other countries were affected. And so each country has turned to its local production. And we too, as a Government, to question ourselves on the subject, on the question of telling ourselves, we must absolutely guarantee our food security. And, beyond this food security, guarantee our own local production.
To do this, we first, and that's good, because we are with the Minister of Industry, adopted a National Strategic Development Plan, which covers the sectors that need the full attention of the government, in particular agriculture and then industrial production,” said Prime Minister Jean-Michel Sama Lukonde Kyenge from the outset.
“And it’s interesting that we are on this day for DRC Mining Week. But I hope that in the days to come, we could have forums, in any case, of the same size, because we already have forums in this sector, but at least forums of the same size , to also talk about agriculture and to talk about industry. Now, beyond this National Strategic Development Plan, which I spoke about, it is also the means that we must put in the sector.
Today, the mining sector is the largest contributor to the state budget. And so, a large part of this budget is allocated today to the agricultural sector.
We have effectively set up this National Program on the Development of our territories, the PDL-145T.
It is first of all to have, precisely, at the educational and health level, basic infrastructures. Basic infrastructures also at the level of our administrations for the return of the authority of the State. But afterwards, it is to have agricultural service roads. Because that is, we have talked about it, a big part of the solution.
The role of the State is to set the framework that will allow the emergence of agricultural production. And so, the agricultural service roads, it is our responsibility to put them in place so that all the production, which is done in the interior, can reach the major centers. And moreover, at the same time, solving another important problem, that of the rural exodus, the displacement of populations, because they do not have the possibility of having income in their local living environments, inside the territories.
Then, alongside these agricultural service roads, an energy plan, which is in deficit today in the mining sector. If we ever want more production, we will have to have more energy.
Of course, the public-private partnership that we have, particularly with the mining companies, provides the solution.
Earlier, with those in charge, I encouraged them to do more. And it is up to us, at the level of the Ministry of Water Resources, to also improve the conditions in terms of investments in the energy sector. Because in reality, energy goes hand in hand with all production. And agricultural production too. And so, today we are talking about the Grand Inga. But as part of the PDL-145 T, we want to have micro power stations to actually serve households, so as to lighten the main network, which could be used for industry, in particular the mining industry,” he said. -He specifies.
“I think that’s two things to think about. The first is that we want more added value at the local level.
This is what will allow us to benefit from more resources here on site, increase our income. And there, we call on the miners to develop the value-added chains of the products we have.
Today we are talking about the battery.
It's on.
We have a whole strategy with our neighbor, Zambia, so as to have added value in this sector and have more resources. But we have to do the same thinking for all the other metals we produce.
Then, alongside this production and its added value, I spoke of agriculture and I said that alongside, there is industry.
It is true that today we already have special economic zones within the framework of industry. But we want more industrialization in the country.
It is important that we can direct the resources, which we will have on this added value, towards the industry sector and have more processing alongside mining production.
I also want to mention that besides all these factors, we also need to protect our market.
Today, we are talking about agricultural production.
But if we put the framework that I talked about, we want more incentive in the agricultural sector. But we have to deal with external competition.
It is important to protect our own production so as to have more incentives for more investment.
The means to put in the agricultural sector, because the governor of Kongo central spoke about it, it is much more to accompany. But it is the framework that we are setting up, that is to say these roads and this energy that we have talked about, which will allow investors to come to this sector.
They are the real producers in the agricultural sector. And so, I believe that all of these challenges are there in front of us.
Today, we are working with all these programs that I have spoken about to put in place all this necessary framework”, concluded the Prime Minister.
It is important to emphasize that long before the Prime Minister, during a panel, three Provincial Governors, namely that of Haut-Katanga, Central Kongo, and Tanganyika, had each given the strategies of his entity in relation to to the issue of industrialization and agriculture to ensure food security.
*To remind, Manono is a town and territory in Tanganyika Province.
It should also be noted that before entering the room, Prime Minister Jean-Michel Sama Lukonde had first met with Congolese employers, including the bosses of large mining, banking and other companies on all issues related to collaboration between investors and the Government, particularly on the business climate.
And afterwards, he visited the different stands erected by the different companies that exhibited at this forum.
It should also be mentioned that several mining operators, general managers of large companies in the country took part in this conference which addressed several themes.
It should be noted that the current allocation of funds from the mining sector to boost the agricultural sector is a return of the elevator in view of the contribution of the latter in the past for the construction of the Union Minière du Haut Katanga ( UMHK), the ancestor of Gécamines.
View attachment 38650
Mining week, what a fucking joke.
All these DRC politicians do is flap their gums & give lip service to "Felix The Impotent" FFS
Cumquat Cap
Regular
Lukonde is full of absolute shit and i'm convinced he is the root cause of many of avz' issues - corrupt as they come
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