AVZ Discussion 2022
- Thread starter GazDix
- Start date
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...
I think AVZ will get the necessary backing $$$ if it comes that . We are suing the DRC government . The path is already chosen . In the mean time between now and ICSID if something can be worked out then that's great . Stalling is now irrelevant .'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
9cardomaha
Regular
MoneyBags1348
Top 20
Financing the battery arms race: the $514 billion cost of bridging the global EV supply chain divide
19th June 2023
5 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...source.benchmarkminerals.com
For you Sam and @Frank…. I thought a few of us shareholders who posted AVZ’s story to official sponsors, banks and companies on various platforms ahead of the DRC MINING WEEK 2023 did a good job, and it was shortly after that we saw a major French mining company say it was pulling out of investing in the DRC because of the corruption.
Well you know me fella’s, I’ve already started putting my resources together ahead of THE VUKA GROUP’s next event…. The DRC - AFRICA BATTERY METALS FORUM 2023 event in September.
Here’s a little reminder of how the DRC government has shit on us over the last two years
"AVZ was invited by the DRC government to implement this agreement"
AVZ Minerals and DATHCOM since the genesis of the creation of the DRC Battery Council (DBC)?
In November 2021, AVZ Minerals represented by Nigel Ferguson Managing Director of AVZ, Balthazar Tshiseke Deputy Managing Director and Director of Dathcom, including Serge NganduGeneralAffairs Director of AVZ's Dathcom Mining subsidiary, was part of the Africa Business Forum. It was in particular in the presence of SE the Head of State, Felix Antoine Tshisekedi Tshilombo and his Zambian counterpart, SE Hakainde Hichilema.
The forum was led by the Minister of Industry, Julien Paluku in the presence of other members of the Congolese and Zambian government, including Mrs. Ève Bazaiba Masudi Deputy Prime Minister, Minister of the Environment and Sustainable Development, Mrs. Antoinette Nsamba Kalamba Kalambayi Minister of Mines.
The objective of the forum was to promote the development of an industrial value chain and a battery market, in the DRC in particular and in Africa in general.
Here is the statement of Nigel Ferguson, Managing Director of AVZ Minerals at this Forum in Kinshasa:
"The signing of this commitment provides a solid platform for the development of a battery mineral industry in the DRC, which AVZ wholeheartedly supports, and is also an incredibly significant development as we enter the final stages of obtaining the mining license and permits for the Manono project. The DRC and Africa are strategically positioned to play a central role in the global transition to clean energy and de-carbonization and the Manono project will greatly contribute to improving the lot of the Congolese people, which AVZ Minerals unreservedly supports. ”
At the end of this forum, the Congolese government as well as the technical and financial partners; CEA, AFC and BADEA signed an agreement for the development of a battery industry in the DRC.
Subsequently, AVZ was invited by the Congolese government to implement this agreement signed at the Africa Business Forum:
"We are delighted to be the only mining company in the making to have been invited to join the new DRC Battery Council, which will be chaired by the President of the DRC and the Executive Secretary of the United Nations Economic Commission for Africa, as well as a myriad of other important organizations. "said Nigel Ferguson CEO of AVZ Minerals.
A roadmap in particular was agreed at the Africa Business Forum, which will consist of a public and private partnership to support the Congolese government for the implementation of the industrial value chain of Manono lithium batteries.
The Forum had as its objective, in particular, the planning for the creation of a Battery Council in the Democratic Republic of the Congo (DBC) and the construction of an EZ (Special Economic Zone) between Greater Katanga and Zambia for the realization of an industrial supply chain of sustainable mineral batteries based on Manono lithium.
Here are the members and composition of the DRC Battery Council (DBC): Steering Committee: The President of the DRC and the Executive Secretary of the ECA, as well as eminent businessmen.
Members: Afreximbank, AFC, AfDB, BADEA, ALSF, UN Global Compact, selected NGOs.
Public: Ministers of Industry, Mining, Economy, Environment, Science and Technology of the DRC.
Private: Chairman of the Board of Directors of Gecamines; AVZ Minerals; Federation of Congo Enterprises (FEC); African Association of Automobile Manufacturers; Saudi Arabia Public Investment Fund; Bosch.
University: Steinbeis University- Berlin; University of Lubumbashi (Polytechnic); University of Zambia (UNZA); University of Witwatersrand (SA); University of Mines and Technology (Ghana).
AVZ Minerals et DATHCOM dès la genèse de la création du Conseil de la Batterie de la RD Congo (DBC) ? - Kongo Presse
Par Kiki Kienge En novembre 2021, AVZ Minerals représenté par Nigel Ferguson Directeur Général d’AVZ, Balthazar Tshiseke Directeur Général Adjoint et Directeur de Dathcom, notamment de Serge Ngandu Directeur des…
kongopress.com
MoneyBags1348
Top 20
Thanks to Jean Felix Mupande’s mates in THE VUKA GROUP for making our job easier. Here’s a couple of pages from their website.
And thanks for giving us a few extra resources along the way, if nothing else if I can make you fuckers feel as bad as you have made us feel then I’ll consider that a small win
wearevuka.com
And thanks for giving us a few extra resources along the way, if nothing else if I can make you fuckers feel as bad as you have made us feel then I’ll consider that a small win
VUKA Group | Connecting African Industry Professionals
Make important African business connections through VUKA Group. We connect professionals in the mining, retail, e-mobility & energy fields.
wearevuka.com
Last edited:
Samus
Top 20
That isn't going to play out so well for them at ICSID you'd imagineFor you Sam and @Frank…. I thought a few of us shareholders who posted AVZ’s story to official sponsors, banks and companies on various platforms ahead of the DRC MINING WEEK 2023 did a good job, and it was shortly after that we saw a major French mining company say it was pulling out of investing in the DRC because of the corruption.
Well you know me fella’s, I’ve already started putting my resources together ahead of THE VUKA GROUP’s next event…. The DRC - AFRICA BATTERY METALS FORUM 2023 event in September.
Here’s a little reminder of how the DRC government has shit on us over the last two years
"AVZ was invited by the DRC government to implement this agreement"
AVZ Minerals and DATHCOM since the genesis of the creation of the DRC Battery Council (DBC)?
In November 2021, AVZ Minerals represented by Nigel Ferguson Managing Director of AVZ, Balthazar Tshiseke Deputy Managing Director and Director of Dathcom, including Serge NganduGeneralAffairs Director of AVZ's Dathcom Mining subsidiary, was part of the Africa Business Forum. It was in particular in the presence of SE the Head of State, Felix Antoine Tshisekedi Tshilombo and his Zambian counterpart, SE Hakainde Hichilema.
The forum was led by the Minister of Industry, Julien Paluku in the presence of other members of the Congolese and Zambian government, including Mrs. Ève Bazaiba Masudi Deputy Prime Minister, Minister of the Environment and Sustainable Development, Mrs. Antoinette Nsamba Kalamba Kalambayi Minister of Mines.
The objective of the forum was to promote the development of an industrial value chain and a battery market, in the DRC in particular and in Africa in general.
Here is the statement of Nigel Ferguson, Managing Director of AVZ Minerals at this Forum in Kinshasa:
"The signing of this commitment provides a solid platform for the development of a battery mineral industry in the DRC, which AVZ wholeheartedly supports, and is also an incredibly significant development as we enter the final stages of obtaining the mining license and permits for the Manono project. The DRC and Africa are strategically positioned to play a central role in the global transition to clean energy and de-carbonization and the Manono project will greatly contribute to improving the lot of the Congolese people, which AVZ Minerals unreservedly supports. ”
At the end of this forum, the Congolese government as well as the technical and financial partners; CEA, AFC and BADEA signed an agreement for the development of a battery industry in the DRC.
Subsequently, AVZ was invited by the Congolese government to implement this agreement signed at the Africa Business Forum:
"We are delighted to be the only mining company in the making to have been invited to join the new DRC Battery Council, which will be chaired by the President of the DRC and the Executive Secretary of the United Nations Economic Commission for Africa, as well as a myriad of other important organizations. "said Nigel Ferguson CEO of AVZ Minerals.
A roadmap in particular was agreed at the Africa Business Forum, which will consist of a public and private partnership to support the Congolese government for the implementation of the industrial value chain of Manono lithium batteries.
The Forum had as its objective, in particular, the planning for the creation of a Battery Council in the Democratic Republic of the Congo (DBC) and the construction of an EZ (Special Economic Zone) between Greater Katanga and Zambia for the realization of an industrial supply chain of sustainable mineral batteries based on Manono lithium.
Here are the members and composition of the DRC Battery Council (DBC): Steering Committee: The President of the DRC and the Executive Secretary of the ECA, as well as eminent businessmen.
Members: Afreximbank, AFC, AfDB, BADEA, ALSF, UN Global Compact, selected NGOs.
Public: Ministers of Industry, Mining, Economy, Environment, Science and Technology of the DRC.
Private: Chairman of the Board of Directors of Gecamines; AVZ Minerals; Federation of Congo Enterprises (FEC); African Association of Automobile Manufacturers; Saudi Arabia Public Investment Fund; Bosch.
University: Steinbeis University- Berlin; University of Lubumbashi (Polytechnic); University of Zambia (UNZA); University of Witwatersrand (SA); University of Mines and Technology (Ghana).
AVZ Minerals et DATHCOM dès la genèse de la création du Conseil de la Batterie de la RD Congo (DBC) ? - Kongo Presse
Par Kiki Kienge En novembre 2021, AVZ Minerals représenté par Nigel Ferguson Directeur Général d’AVZ, Balthazar Tshiseke Directeur Général Adjoint et Directeur de Dathcom, notamment de Serge Ngandu Directeur des…
I'm sure there is a legal term for that
Last edited:
Cumquat Cap
Regular
They will get smashed and embarrassed at ICSID, so much pointed evidence I feel like myself and MB could represent and still win. Word is Felix, MoM and Vital know this so lets see what sort of negotiated settlement pops up. Nigel and the team cannot be happy submitting depressing market updates for months on end surely
Samus
Top 20
DRC: Jules Alingete invites Congolese to become whistleblowers of economic crimes
Posted on Mon, 26/06/2023 - 05:43 | Modified on Mon, 26/06/2023 - 05:43
Jules Alingete Key, Inspector General of Finance, Head of Department. Photo Third party rights.
Jules Alingete, Inspector General of Finance, Head of Service, invites, in a press release, all Congolese to denounce economic crimes at all levels in the Democratic Republic of Congo. He launched this invitation in a press release published on Sunday, June 25, on the sidelines of the international day of whistleblowers, indicates a dispatch from the Congolese Press Agency.
" I call on all Congolese to become whistleblowers of economic crimes at all levels and to consider embezzlers as thieves in the same way as those who put their hands in the bags of others at the large market in Kinshasa", indicated the Inspector General of Finance, Jules Alingete.
He thanks the whistleblowers, whistleblowers and anonymous advisors who have revealed facts which, after investigation, have avoided economic disasters in the country.
“ Here at home, the embezzlers allow themselves to speak, when they have the opportunity to have acquittals I don't know how. Stop saying diversion. It's a very polite term. They should be called thieves, criminals. They mortgage the life of an entire nation. There is no correlation between corruption and development. The fight against anti-values is everyone's business ,” said Jules Alingete.
He asked them to combine patriotism with discretion in the face of criminal networks that are ready for anything.
“ For you, the objective is that the anti-values can be eradicated, that there is good governance and that the country can move forward. It should be done as discreetly as possible. We have reward mechanisms, through what we call the Secret Research Fund. But we don't want these rewards to come before patriotism. The priority is your concern to see your country move forward ,” urged Jules Alingete.
RDC : Jules Alingete invite les Congolais à devenir des dénonciateurs des crimes économiques
Jules Alingete, inspecteur général des Finances, chef de service, invite, dans un communiqué, tous les Congolais à dénoncer des crimes économiques à tous les niveaux, en République démocratique du Congo. Il lance cette invitation dans un communiqué publié le dimanche 25 juin, en marge de la...
www.radiookapi.net
Surely Nigel would like to have something sorted before the AGM . In the mean time we have the Cath extension to look forward to . imo
Frank
Top 20
*Fyi, I see where,Summit for a new global financial pact in Paris: during a round table organized by the AfDB, Prime Minister Jean-Michel Sama Lukonde calls for more investment in the DRC, particularly in the energy sector
June 22, 2023 by COMMUNICATION CELL in NEWS
On the sidelines of the summit for a new global financial pact, which opened this Thursday, June 22, 2023, in Paris, capital of the French Republic, Prime Minister Jean-Michel Sama Lukonde took part in a presidential round table on the alliance for green infrastructure in Africa, “AGIA”, at the Palais Brongniart, organized by the African Development Bank (AfDB).
On behalf of the President of the Republic, Félix-Antoine Tshisekedi Tshilombo, Prime Minister Jean-Michel Sama Lukonde not only presented the opportunities offered by the Democratic Republic of Congo as a solution country on climate issues but also and above all, he called for more investment in the DRC, particularly in the energy sector, notably the INGA project.
“We want that alongside this structuring that you have made in terms of project support, we have more investors. Inga is a major integrating project. Initially we wanted a request of 13 billion. Today, the first sentence could ask for 7 billion. And so, we have private investors on the side, who can support us, so that we have the alternative in terms of energy for our populations. Who says energy, says water for these populations. And who says energy, says industries, agriculture, processing at the local level to improve the value chain, especially since we are involved in our role as a solution country, with minerals in the energy transition, in the manufacture of electric batteries. So there are high expectations on this side.
It should also be noted that "AGIA" is a coherent, inclusive and practical solution to accelerate the achievement of the net zero emissions objective. The objective of the alliance is to mobilize 10 billion dollars from the private sectors to finance green infrastructure in Africa.
The AfDB intends to raise $500 million for project preparation and development, which will catalyze targeted private investment of up to $10 billion for green and resilient infrastructure in Africa.
I wonder how easy people will give money to a fraudulent government of which JMS Lukonde is the PM!
The guy on the far right is the president of the Afr. Development Bank
The Central Bank of Congo issues a treasury bond of 100 million USD
The government of the Democratic Republic of Congo has opened a Treasury bond market at the local financial level of nearly 100 million US dollars as a loan, read in the press release from the Ministry of Finance received on Saturday at the ACP.
“The government, through the Ministry of Finance, has opened up 100 million US dollars to the financial market.
To this end, bidders interested in this operation for the benefit of the Public Treasury are requested to present themselves at the headquarters of the Central Bank of Congo (BCC) on Tuesday, June 27, 2023 before 11 a.m. local time”, we read in the statement from the Ministry of Finance received Saturday at the ACP.
According to this press release, any subscription made after the time indicated will be rejected, specifying that this market has a duration of 2 years, with an interest rate of 10% per year.
The redemption date is set for Friday, July 27, 2025.
A Treasury bond is a debt security issued by the State and repayable at maturity.
In the Democratic Republic of Congo, it is the government that issues these debt securities through the channel of the Public Treasury.
When an economic operator or an individual buys a Treasury Bond, he lends money to the State and becomes, in a way, its creditor.
100% guaranteed by the government that issues it, the Treasury Bond is one of the safest investments on the money market.
mediacongo
Food for thought
Frank
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