AVZ Discussion 2022
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Frank
Top 20
Embezzlement of public funds is the basis of lack of Infrastructure
The whole of humanity celebrates every June 13 of the year, the international day for the protection of whistleblowers.
On the sidelines of this day, the Congolese League for the Fight against Corruption, (LICOCO) and the Observation of Public Expenditure, (Odep) co-organized the morning of exchange, this Friday, June 23, 2023 in the amphitheater of the General Inspectorate of Finance (IGF) located in the commune of the commune of Gombe, for the sharing of information.
During this morning of discussion, the General Inspectorate of Finance explained all the contours of corruption in the DRC and the work done by whistleblowers in the fight against corrupt practices.
For the Head of the IGF, Jules ALINGETE NKEY, since independence, the DRC has gone from fifteen million inhabitants to 100 million inhabitants with the same infrastructure without job creation.
“It follows today that we have serious problems in the big cities, we have serious problems at the level of society, problems created by unemployment, by bad management of finances and if we do not manage very well these problems we risk having anti-values almost at the entire level of the country,” he said.
And to add that it will be necessary to militate and privilege first the collective well-being than individual because the collective well-being will reduce corruption.
The Congolese must make the general disapproval of the embezzlers of taxpayers' money so that these financial criminals who mortgage the future of our children cannot express themselves.
Despite the struggle of whistleblowers, the DRC does not have a legal framework to protect whistleblowers.
The Democratic Republic of Congo is full of enormous resources, does not advance because of the diversion of the last public.
And whistleblowers must not expose themselves to the predator in public finance but must do so discreetly in order to avoid threats.
"The impression I sometimes have, we are all in a culture where there is no red line and the crimes of embezzlement are trivialized and we swim in this culture and even the desire to denounce it we have it not”, testified Florimond Muteba PCA of Odep.
Corruption is a scourge that must be fought.
And there is a direct correlation between development and corruption, the statistics of the world prove them that the most developed countries are countries where corruption is fought and countries where corruption is high, the degree of misery is also too high.
www.tsieleka.com/2023/06/24/rdc-le-detournement-des-deniers-publics-est-a-la-base-de-manque-dinfrastructures-jules-alingete/
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MoneyBags1348
Top 20
This photo was taken shortly after that one Frank…. when they got out of their suits
Well it would be another round of Brown Paper Bags if FT doesnt get back in - can Sin Bin afford it? No Mine no Battery Hub in the DRC.
Regards - Silent
Just a thought bubble
MoneyBags1348
Top 20
Here’s another thought….
@Flight996 posted this on the Zijin thread recently
“What's the bet that Zijin miraculously finds and presents a 'genuine' signed ministerial document approving Zijin's place on the Dathcom register.”
“The rodents have produced so many fake documents in the past, what's the harm in just one more.”
We have seen fake documents appear recently thanks to @9cardomaha and we know about Zijin’s corruption and how they illegally and fraudulently attempted to embezzle shares in Dathcom through extortion
Remember these legal terms (they all apply to Zijin) and keep an eye out for any newly discovered fake documents…. Could be how or why these sly fuckers have delayed the ICC arbitration case again
The sleuthing done by shareholders on TSE and in private has been one of our strongest assets
@Flight996 posted this on the Zijin thread recently
“What's the bet that Zijin miraculously finds and presents a 'genuine' signed ministerial document approving Zijin's place on the Dathcom register.”
“The rodents have produced so many fake documents in the past, what's the harm in just one more.”
We have seen fake documents appear recently thanks to @9cardomaha and we know about Zijin’s corruption and how they illegally and fraudulently attempted to embezzle shares in Dathcom through extortion
Remember these legal terms (they all apply to Zijin) and keep an eye out for any newly discovered fake documents…. Could be how or why these sly fuckers have delayed the ICC arbitration case again
The sleuthing done by shareholders on TSE and in private has been one of our strongest assets
They would have done it already if they were going to and it doesn't change AVZ's first right of refusal . The facts around Zijin's claim for 15% are already well known . What's going on here is pure stalling tactics to weaken AVZ's resolve . Felix /MoM are going to have to make a captains call at some point . Lets be clear . It's not just about the 15% . China want control . They want the ML . I can only see this going 1 of 2 ways . They either pay us out or they kick us out . imo
Sparrowhawk12
Regular
Respectfully:
1. “Kick us out” = unlikely. ICSID case risks immed pariah status for international investment & risks supports from World Bank …etc. & there’s a big damages pay out to AVZ eventually.
2. “Pay us out” = DRC Gov can’t afford the $
3. “Negotiated deal” = most likely option IMO. Question is can it be agreed ‘well before’ election to give FT clear air on Manono, ie agreed soon. Or will negotiations falter & it gets bumped to after election ???
IMO GLTAH BR Sparrowhawk12
Pay out / Buy out by Zijin not DRC .
Samus
Top 20
Fuck Zijin!
If it's a pay out / buy out let it be CATL or similar.
Be nice to see AVZ continue to drag Zijin through the courts along with their accomplices and have the ass sued off them for damages equal to losses incurred as a result of their interference on the Manono project.
2-3$ takeover + Zijin $12.
Edit: USD
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Really Germany , you finnalllllllly came to that conclusion did you ?
What are you going to do about it ?
Yep, looks like you have ZIJINS details fairly well covered.....
CORRUPT x4
DISHONEST x4
THIEVES x4
Any chance of getting the background scenes looking alot less like err....
The PERTH SCORCHERS ??
lol
Samus
Top 20
I know we're all completely over the talk without action but you've got to admit it still sounds poetic.
#RDC Standing Congolese and Congolese. United in the fight against the anti-values that hinder the development of our dear and beautiful country. The recovery of the DRC and its greatness depend on the commitment of all of us to block the way to the gravediggers of the Economy.
#RDC Standing Congolese and Congolese. United in the fight against the anti-values that hinder the development of our dear and beautiful country. The recovery of the DRC and its greatness depend on the commitment of all of us to block the way to the gravediggers of the Economy.
This is related to the report where the MoM tweeted on her twitter account that she was so surprised about.
After reading this article, I wonder who is in charge at the Ministry of Mines.
"Sources within the Presidency and Primera Gold DRC in turn told the panel that the Ministry of Mines feared losing financial gains from gold smuggling, hence its opposition", explained the report of the UN experts.
Wow that is some strange language.
After reading this article, I wonder who is in charge at the Ministry of Mines.
"Sources within the Presidency and Primera Gold DRC in turn told the panel that the Ministry of Mines feared losing financial gains from gold smuggling, hence its opposition", explained the report of the UN experts.
Wow that is some strange language.
Cumquat Cap
Regular
All seems to have gone very quiet this week - wonder what's going on in the background?
Cumquat Cap
Regular
Felix has started campaigning (terribly I must add) which leads me to believe he will be keen on a resolution as Moise or any competitor will be able to use this blatant corruption as ammo - just my thoughts and hopes
Frank
Top 20
Elections 2023: will Martin Fayulu reconsider his decision?
Everyone knows the impact that Martin Fayulu had in the 2018 presidential election, having finished second just behind the outgoing president, Felix Tshisekedi Tshilombo.
Moreover, the President of the political party ECIDé has always claimed to be “Elected President of the DRC”.
Five months before the elections next December, how dare he withdraw from the process?
In any case, the reason remains a corrupt electoral file, likely to favor a new electoral hold-up.
The decision is hard to accept both for those around him and for his voters, determined to restore him to the magnitude of 2018.
The disappointment is total. One of his deputies could not hold back.
Adolescence Ndombasi recently in a statement called on its leader to reconsider his decision in order to allow the party to go to the elections.
Admittedly, no new press release has been made on Fayulu's side, but everything suggests that Martin Fayulu is already on the way to reconsider his decision.
"The President-elect insists: "We are not boycotting the elections, but require a reliable electoral file before submitting our candidacies", declared Jean-Marc Kabunda, close to Martin, in a publication this Friday, June 23 on Twitter.
According to the latter, the fight is of course that of avoiding the "fraud of 2018 which today plunged the country into chaos", from which he calls on the CENI to have the electoral register audited by an external body.
“If the CENI has nothing to reproach itself for, it must agree to have the electoral register audited by an external body.
We demand credible, transparent and impartial elections.
The Congolese will not go to the elections with a corrupt electoral file to accompany Tshilombo's cheating.
Let’s avoid the 2018 fraud that today plunged the country into chaos,” he concludes.
Did Martin Fayulu pretend?
Does he fear a second failure after that of 2018 or will he support the candidacy of one of the opposition quartet.
Meetings CENI and political leaders: “we are going to tell Kadima that we have to define the rules of the game together” (Fayulu)
At a meeting this Sunday, June 25, at the Sainte-Thérèse de Ndjili site in Kinshasa, Martin Fayulu responded favorably to the announcement by the president of the Independent National Electoral Commission to meet opposition leaders to discuss the electoral process.
"I heard that Kadima wants to meet us, we agree, we are going to tell him that we have to define the rules of the game together," said Martin Fayulu.
In his speech this Sunday, June 25, on the occasion of the convocation of the electorate for the national deputation, the president of the CENI announced these consultations with the political leaders in order to find realistic solutions for the holding of inclusive elections in Democratic Republic of Congo.
In addition, the electoral center says not to compromise for the holding of the elections within the constitutional deadline.
mediacongo.
Food for thought
Frank
Everyone knows the impact that Martin Fayulu had in the 2018 presidential election, having finished second just behind the outgoing president, Felix Tshisekedi Tshilombo.
Moreover, the President of the political party ECIDé has always claimed to be “Elected President of the DRC”.
Five months before the elections next December, how dare he withdraw from the process?
In any case, the reason remains a corrupt electoral file, likely to favor a new electoral hold-up.
The decision is hard to accept both for those around him and for his voters, determined to restore him to the magnitude of 2018.
The disappointment is total. One of his deputies could not hold back.
Adolescence Ndombasi recently in a statement called on its leader to reconsider his decision in order to allow the party to go to the elections.
Admittedly, no new press release has been made on Fayulu's side, but everything suggests that Martin Fayulu is already on the way to reconsider his decision.
"The President-elect insists: "We are not boycotting the elections, but require a reliable electoral file before submitting our candidacies", declared Jean-Marc Kabunda, close to Martin, in a publication this Friday, June 23 on Twitter.
According to the latter, the fight is of course that of avoiding the "fraud of 2018 which today plunged the country into chaos", from which he calls on the CENI to have the electoral register audited by an external body.
“If the CENI has nothing to reproach itself for, it must agree to have the electoral register audited by an external body.
We demand credible, transparent and impartial elections.
The Congolese will not go to the elections with a corrupt electoral file to accompany Tshilombo's cheating.
Let’s avoid the 2018 fraud that today plunged the country into chaos,” he concludes.
Did Martin Fayulu pretend?
Does he fear a second failure after that of 2018 or will he support the candidacy of one of the opposition quartet.
Meetings CENI and political leaders: “we are going to tell Kadima that we have to define the rules of the game together” (Fayulu)
At a meeting this Sunday, June 25, at the Sainte-Thérèse de Ndjili site in Kinshasa, Martin Fayulu responded favorably to the announcement by the president of the Independent National Electoral Commission to meet opposition leaders to discuss the electoral process.
"I heard that Kadima wants to meet us, we agree, we are going to tell him that we have to define the rules of the game together," said Martin Fayulu.
In his speech this Sunday, June 25, on the occasion of the convocation of the electorate for the national deputation, the president of the CENI announced these consultations with the political leaders in order to find realistic solutions for the holding of inclusive elections in Democratic Republic of Congo.
In addition, the electoral center says not to compromise for the holding of the elections within the constitutional deadline.
mediacongo.
Food for thought
Frank
'The Sole Arbitrator determined"
AVZ was pushing for a 3 person panel.......
AVZ behind the 8 ball already.......
Chynas feelers everywhere....
China has just confirmed the long game.
Suck us dry of finances, hope for a President who doesnt mind his arsehole greased a bit more than is currently offered...
Farken
Samus
Top 20
Financing the battery arms race: the $514 billion cost of bridging the global EV supply chain divide
19th June 20235 min read
BatteriesCritical MineralsESSEV
Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark.
Demand for lithium ion batteries is forecast to grow to 3.7 terawatt-hours by 2030, up from around 1 TWh this year. Most of this growth is driven by an ever increasing demand for electric vehicles.
Producing the critical raw materials will require $220 billion (43% of the total), with nickel and lithium accounting for over half of that. Manufacturing the additional 2.7 TWh of batteries needed by 2030 will require $201 billion and the midstream production of battery materials will take the remaining $93 billion.
The amount is just a fraction of the estimated $35 trillion needed to be spent on the energy transition by 2030, according to the International Renewable Energy Agency. This includes spending on renewables such as wind and solar as well as grid and other infrastructure.
Global investment in technologies to help the energy transition reached a record $1.3 trillion in 2022, IRENA said.
“The energy transition is still in its early stages and massive capital deployment is going to be needed in order to meet the goals of industry and policy makers,” Andrew Miller, Benchmark’s chief operating officer, said. “Energy storage might form a relatively small piece of the overall financing required, but it is a strategically critical piece of the puzzle. Batteries are the platform technology for clean energy goals, so financing these supply chains is at the heart of the race towards net zero.”
Critical Raw Materials
This year is expected to see over a million tonnes LCE of lithium mined for the first time, according to Benchmark’s Lithium Forecast.By 2030 this number will need to increase to 2.8 million tonnes, with almost all of this demand growth driven by the need for lithium ion batteries. Benchmark’s analysis shows that the expansion of the global lithium industry will need $51 billion of investment.
Benchmark’s view is that lithium, more than any other part of the supply chain, will be the bottleneck for the growth of the battery industry. To put the scale of the lithium challenge into context, more lithium will be needed in 2030 than was mined between 2015 and 2022, according to Benchmark’s Lithium Forecast.
Refined nickel, too, will pose a challenge. With a near two million tonne supply gap between what is in production today and what is needed globally by 2030, nickel requires the largest critical mineral investment of $66 billion.
Most nickel demand is for non-battery applications with stainless steel accounting for half of global nickel demand in 2030. However, batteries are the fastest-growing demand market for nickel. This year nickel demand from batteries is just 15%, but this is forecast to rise to 32% by 2030, according to Benchmark’s Nickel Forecast.
Natural and synthetic graphite are forecast by Benchmark to have a combined supply gap of 3.6 million tonnes, but the relatively lower capital requirements for graphite mines and synthetic graphite production facilities results in an investment need of $4.3 billion.
The rise of gigafactories
In 2030, Benchmark forecasts that annual global demand for lithium ion batteries will hit 3.7 TWh, as assessed in Benchmark’s Lithium ion Battery Database. This year, the world is forecast to produce 1.0 TWh.Closing this 2.7 TWh gap will need $201 billion of investment. Most of this (56%) will be put towards building 1.2 TWh of new gigafactories on greenfield sites. The remaining $89 billion is needed to expand and develop brownfield sites where industry players such as CATL are already operating, and thus capex intensity is lower.
Cathodes and anodes
Although the lion’s share of investment into the battery supply chain is needed for critical raw materials and gigafactories, anode and cathode production still requires significant attention.Indeed, Benchmark’s analysis suggests cathode production will require $40 billion and anode production $15 billion to close the supply gap currently looming over 2030.
Without investment into the midstream, the gigafactories won’t be able to operate at full capacity if access to anodes and cathodes becomes a bottleneck.
The bulk of investment into cathode production will need to focus on the two chemistries that are emerging as most popular: lithium iron phosphate (LFP) and NCM811.
Electrolytes and separators also need significant investment, with Benchmark’s analysis showing that the area needs $38 billion to close the supply gap by 2030.
Adding the cost of geopolitics
Currently, China dominates in every segment of the battery supply chain. With this, the country has built up substantial expertise in building the required production facilities at a relatively low cost.The $514 billion bill for the industry will likely grow as countries increasingly look to develop regional supply chains. Take US lithium producer Albemarle, for example: their lithium refinery in Meishan, China, is projected to cost around $500 million for 50,000 tonnes LCE. Their equivalently sized facility in South Carolina, USA is projected to cost $1.3 billion.
IRA tax credits may lessen the burden on companies operating in the US, but ultimately the bill has to be paid, whether by a company or a government subsidising the industry.
Timeline considerations
A gigafactory can be built in two to five years. A refinery can be built in two. But the mines needed upstream of them take between 5 and 25 years to develop.So even though gigafactories require the largest amount of investment, it is imperative that investment is made now in the mines. Otherwise, the gigafactories will stand idle with production constrained by limited feedstock.
The industry must use joined-up thinking to ensure all aspects of the supply chain grow in tandem to maximise efficiency, according to Simon Moores, chief executive of Benchmark.
Financing the battery arms race: the $514 billion cost of bridging the global EV supply chain divide | Benchmark Source
Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Demand for lithium ion batteries is forecast to grow to 3.7 terawatt-hours by 2030, up from...
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