AVZ Discussion 2022
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NEWSECONOMY
By Kiki Kienge
Is the Congolese government meddling in the lithium battery manufacturing project in the DRC?
The Minister of Industry, Julien Paluku has just paid a visit to China to the facilities of the world's leading battery producer, the Chinese giant, CATL:
"Arrived this morning at the headquarters of CATL, the world's number one producer of electric batteries, the Congolese delegation that I am leading toured the technological facilities to get a preview of the plant to be developed in the DRC following the conclusions of the DRC- AFRICA BUSINESS FORUM of Nov 2021. It took 24 years to get there since 1999 in order to provide other European, Asian and American giants with the electric batteries necessary for the energy transition. Julien Paluku.
Namely that the lithium from the DR Congo which must be used in the manufacture of batteries, is that of Manono in the province of Tanganyika, whose government through COMININIER is in joint venture (DATHCOM) with the Australians of AVZ MINERALS .
Following political cabals, the power of Kinshasa by its Ministry of Mines, decided to cancel the exploitation license of DATHCOM and would prefer to initiate a collaboration with the Chinese of ZIJIN on the exploitation of the lithium of Manono. In particular on new bases and a new joint venture, of which the Chinese of ZIJIN claim 71% and 29% to the Congolese.
Something that AVZ MINERALS does not accept, given the contract signed with COMINIERE in 2017 and plans to go to court against the DR Congo which wants to cancel the 75% of the shares of the DATHCOM joint venture of the Australians, without advancing any grounds that hurts the joint venture agreement.
Even the local community of Manono does not see favorably the arrival of the Chinese in the exploitation of its lithium, proof of the last outing of Mgr Vincent Kwanga , Catholic Bishop of Manono:
“blocking this process with AVZ, for us it means that we are not liked.
If ZIJIN and COMINIERE file a complaint against AVZ, while we believe that it is rather AVZ that should file a complaint against our government, because they have signed agreements, that has not been respected and that can lead to judgments at the level of international trade. I don't know if our government is not going to spend billions of US dollars because of this contract that they have just broken unilaterally. »
The Chinese group CATL, has a partnership agreement signed in 2021 with the Australians for the sale of 24% of the shares of AVZ MINERALS in DATHCOM at 240 million $US, for the development of the battery construction project in DR Congo with Zambia and the United States.
Suzhou CATH Energy Technologies, which is a private investment entity jointly owned by CATL, has invested US$240 million in cash to develop the Manono lithium tin project with AVZ International Pty, a wholly owned subsidiary of AVZ MINERALS.
It makes you wonder, when the Congolese government asks CATL to support it in a project to develop lithium batteries in Manono, is it unaware that CATL is in collaboration on the same project with the Australians of AVZ MINERALS? whose contract he wants to break illegally?
What would be the strategy of the Chinese CATL through CATH, canceled the 24% agreement with AVZ and work with the Congolese government, or demanded from the Congolese government the participation of AVZ and to respect the contract of DATHCOM, whose itself would own 24% by seeing it from the sale of Australian shares?
Good in all this politico-economic cacophony, the population of Manono awaits the development of the air province of Tanganyika and the jobs promised by the current power.
CATH, AVZ, USA, Zambia, is the Congolese government meddling in the lithium battery project?
July 4, 2023By Kiki Kienge
Is the Congolese government meddling in the lithium battery manufacturing project in the DRC?
The Minister of Industry, Julien Paluku has just paid a visit to China to the facilities of the world's leading battery producer, the Chinese giant, CATL:
"Arrived this morning at the headquarters of CATL, the world's number one producer of electric batteries, the Congolese delegation that I am leading toured the technological facilities to get a preview of the plant to be developed in the DRC following the conclusions of the DRC- AFRICA BUSINESS FORUM of Nov 2021. It took 24 years to get there since 1999 in order to provide other European, Asian and American giants with the electric batteries necessary for the energy transition. Julien Paluku.
Namely that the lithium from the DR Congo which must be used in the manufacture of batteries, is that of Manono in the province of Tanganyika, whose government through COMININIER is in joint venture (DATHCOM) with the Australians of AVZ MINERALS .
Following political cabals, the power of Kinshasa by its Ministry of Mines, decided to cancel the exploitation license of DATHCOM and would prefer to initiate a collaboration with the Chinese of ZIJIN on the exploitation of the lithium of Manono. In particular on new bases and a new joint venture, of which the Chinese of ZIJIN claim 71% and 29% to the Congolese.
Something that AVZ MINERALS does not accept, given the contract signed with COMINIERE in 2017 and plans to go to court against the DR Congo which wants to cancel the 75% of the shares of the DATHCOM joint venture of the Australians, without advancing any grounds that hurts the joint venture agreement.
Even the local community of Manono does not see favorably the arrival of the Chinese in the exploitation of its lithium, proof of the last outing of Mgr Vincent Kwanga , Catholic Bishop of Manono:
“blocking this process with AVZ, for us it means that we are not liked.
If ZIJIN and COMINIERE file a complaint against AVZ, while we believe that it is rather AVZ that should file a complaint against our government, because they have signed agreements, that has not been respected and that can lead to judgments at the level of international trade. I don't know if our government is not going to spend billions of US dollars because of this contract that they have just broken unilaterally. »
The Chinese group CATL, has a partnership agreement signed in 2021 with the Australians for the sale of 24% of the shares of AVZ MINERALS in DATHCOM at 240 million $US, for the development of the battery construction project in DR Congo with Zambia and the United States.
Suzhou CATH Energy Technologies, which is a private investment entity jointly owned by CATL, has invested US$240 million in cash to develop the Manono lithium tin project with AVZ International Pty, a wholly owned subsidiary of AVZ MINERALS.
It makes you wonder, when the Congolese government asks CATL to support it in a project to develop lithium batteries in Manono, is it unaware that CATL is in collaboration on the same project with the Australians of AVZ MINERALS? whose contract he wants to break illegally?
What would be the strategy of the Chinese CATL through CATH, canceled the 24% agreement with AVZ and work with the Congolese government, or demanded from the Congolese government the participation of AVZ and to respect the contract of DATHCOM, whose itself would own 24% by seeing it from the sale of Australian shares?
Good in all this politico-economic cacophony, the population of Manono awaits the development of the air province of Tanganyika and the jobs promised by the current power.
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The Fox
Regular
That boat sank.
It was overloaded with too many girls. I mean, how many do you need per passenger, for crying out load. 
Underwaterdark
Regular
Here is the full translation of the above article.
le 03/07/2023 à 11h40, par Africa Business+
The arbitration was launched on June 8 by two subsidiaries of the Australian company AVZ Minerals and its joint venture in the DRC Dathcom Mining before the International Center for Dispute Settlement (ICSID) of the World Bank. AVZ accuses the DRC of not having respected the obligations arising from the mining code in its regard, in particular by refusing so far to grant it the exploitation permit for the Manono lithium project, located in the province of Tanganyika. AVZ, which has controlled the scope since 2016, is represented in this case by the Paris and Madrid offices of DLA Piper, in particular the partners Michael Ostrove, co-director of the firm's arbitration group, T. Alexander Brabant, member of its Africa board.
DR Congo, for its part, has appointed five law firms to advise it in this procedure concerning Manono, a project considered to be one of the largest deposits of hard rock lithium in the world, with 400 million tonnes of lithium ore. a grade of 1.65% Li2O.
Among them, the Cabinet Rachida Dati of the former French Minister of Justice (2007-2009), former MEP, and current mayor of the 7th arrondissement of Paris, since 2008. Another firm based in France, Oplus, co-founded by Olivier Pardo is also counsel for the DRC against AVZ. A former magistrate, Olivier Pardo has been a lawyer in several widely publicized cases, for example defending Equatorial Guinea in the case of “ill-gotten gains”; Ziad Takkiedine on the Karachi attacks; or more recently the polemicist and candidate for the French presidential election of 2022, Eric Zemmour.
Cabinet Rachida Dati and Oplus had advised the Congolese State in an arbitration initiated against two companies of Israeli billionaire Dan Gertler in 2021 concerning oil permits that the DRC intended to recover. The blocks were returned to the state as part of a deal struck last year with Dan Gertler, which also ended litigation against the businessman.
In addition to these firms, the Congolese State has also appointed firms based in Kinshasa to represent it, namely Adombe & Associés, Mulenda and BND Lawyers & Associates.
In parallel with this arbitration at Cirdi, several other legal or arbitration proceedings have been launched concerning the Manono lithium project, involving its co-shareholders - AVZ, the public company Cominière and Dathomir of the Chinese businessman Simon Cong - , but also companies claiming rights to the site, in particular the Chinese group Zijin Mining.
Litigation fund Omni Bridgeway announced at the end of 2022 that it had agreed to finance a class action against AVZ on the part of its shareholders due to the fall in the value of the company's securities. Omni Bridgeway is now inviting interested shareholders to come forward by August 31.
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le 03/07/2023 à 11h40, par Africa Business+
The arbitration was launched on June 8 by two subsidiaries of the Australian company AVZ Minerals and its joint venture in the DRC Dathcom Mining before the International Center for Dispute Settlement (ICSID) of the World Bank. AVZ accuses the DRC of not having respected the obligations arising from the mining code in its regard, in particular by refusing so far to grant it the exploitation permit for the Manono lithium project, located in the province of Tanganyika. AVZ, which has controlled the scope since 2016, is represented in this case by the Paris and Madrid offices of DLA Piper, in particular the partners Michael Ostrove, co-director of the firm's arbitration group, T. Alexander Brabant, member of its Africa board.
DR Congo, for its part, has appointed five law firms to advise it in this procedure concerning Manono, a project considered to be one of the largest deposits of hard rock lithium in the world, with 400 million tonnes of lithium ore. a grade of 1.65% Li2O.
Among them, the Cabinet Rachida Dati of the former French Minister of Justice (2007-2009), former MEP, and current mayor of the 7th arrondissement of Paris, since 2008. Another firm based in France, Oplus, co-founded by Olivier Pardo is also counsel for the DRC against AVZ. A former magistrate, Olivier Pardo has been a lawyer in several widely publicized cases, for example defending Equatorial Guinea in the case of “ill-gotten gains”; Ziad Takkiedine on the Karachi attacks; or more recently the polemicist and candidate for the French presidential election of 2022, Eric Zemmour.
Cabinet Rachida Dati and Oplus had advised the Congolese State in an arbitration initiated against two companies of Israeli billionaire Dan Gertler in 2021 concerning oil permits that the DRC intended to recover. The blocks were returned to the state as part of a deal struck last year with Dan Gertler, which also ended litigation against the businessman.
In addition to these firms, the Congolese State has also appointed firms based in Kinshasa to represent it, namely Adombe & Associés, Mulenda and BND Lawyers & Associates.
In parallel with this arbitration at Cirdi, several other legal or arbitration proceedings have been launched concerning the Manono lithium project, involving its co-shareholders - AVZ, the public company Cominière and Dathomir of the Chinese businessman Simon Cong - , but also companies claiming rights to the site, in particular the Chinese group Zijin Mining.
Litigation fund Omni Bridgeway announced at the end of 2022 that it had agreed to finance a class action against AVZ on the part of its shareholders due to the fall in the value of the company's securities. Omni Bridgeway is now inviting interested shareholders to come forward by August 31.
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John25
Regular
W
With sea experience its always been said “Too many cracks will sink a boat under heavy load”That boat sank.
Well the DRC aren't backing down at this point, they have appointed 4 different law firms to represent them. The mind boggles at the cost of this! Obviously the DRC hierarchy are still listening to the Cominiere imbecile for advice.
BRICK
Regular
Hopefully they charge them a shitload of hours to tell them they should just capitulate and get on with it.
Mickyb64
Regular
This is one of the most depressing articles I've seen in a while regarding the DRC and AVZ. This clearly shows that the DRC government aren't interested in working with AVZ.
Xerof
Biding my Time 1971
I see off the bird that Julien has also been talking to COMC, who seem keen to be involved in the globally important lithium rescue mission for the world, run out of Africa.
So thats CATL, CATH, COMC and ZIJIN (which according to psychopath cunt at COMINIERE are signing up for mining, but he hasn't had the letter yet)
Could someone with a clear line of thought DM me with the plan please. I'm more confused than ever by imminent boat parties, sorted by end of July, end of year fuckfest in Thailand etc etc. I'm too fucking old for that shit, I'd just like some cash to spend on Margheritas thanks
So thats CATL, CATH, COMC and ZIJIN (which according to psychopath cunt at COMINIERE are signing up for mining, but he hasn't had the letter yet)
Could someone with a clear line of thought DM me with the plan please. I'm more confused than ever by imminent boat parties, sorted by end of July, end of year fuckfest in Thailand etc etc. I'm too fucking old for that shit, I'd just like some cash to spend on Margheritas thanks
At least something is happening Micky. Better than endless silence.
TDITD
Top 20
DRC Government has appointed FIVE law firms, yep FIVE. DRC Govt are flat broke. Sure, this is being funded by the DRC Govt
.............................or should I say their backers/bribers/daddies (
) are happy to splash out . Its not just any old 5 run of the mill firms, it's the cream. . Either way, all those 5 firms can really say is "yea, by the words of the law, legally your fucked, but we can try some BS"
Enjoy being captured DRC (that's going real well for you so far, well the politicians). China can pay us out properly or we will go mining
Fuck the number 5, I prefer $12 (USD)
$12
$12
$12
Koh Samui and l'm there!!Now that I'm feeling the end game approaching, and pondering celebration, an idea is formulating in my head.
And that is a meetup/celebration week in Phuket, Thailand.
I know a few of you bastards are already veterans of this paradise. It looks amazing!
Okokok it's a bit soon, a bit soon, but think about it everyone. It could be amazing.
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Samus
Top 20
Samus
Top 20
At least they seem to be taking it seriously. They'd be crazy not to advocate for a takeover whereby they receive the tax revenue and then take whatever stake in the project negotiated with the new owners as well.
Very good outcome for a pack of greedy cunts, I'm sure they can even negotiate a sales bonus for themselves one way or another with the Chinese.
Payday bonanza for the elites. Watches and snacks all round.
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