AVZ Discussion 2022

[Xerof]

Is a suitcase representative of classier corruption?

Good to hear mate. Best of luck with the suitcase!

All the best to you in recovery mate

 

[BRICK]

Is a suitcase representative of classier corruption?

All the best to you in recovery mate

Suitcases full of drugs seem to be creating all sorts of problems across NSW at the moment!

 

[Dazmac66]

Thanks all. I meant kind chaps.

 

[TDITD]

A bit of information on that wonderful recent conference by the ACAJ

https://doseco.cd/2022/05/16/bradag...visiter-le-contrat-signe-avec-la-ste-dathcom/

 

[CHB]

A bit of information on that wonderful recent conference by the ACAJ

https://doseco.cd/2022/05/16/bradag...visiter-le-contrat-signe-avec-la-ste-dathcom/

Can someone tweet to ACAJ about hearing rumours of a state investigation into ACAJ due to their conduct with the Chinese???

 

[Samus]

If you need 51% to obtain a mining licence, then how does Kamoa operate?

The Kamoa-Kakula Copper Project — a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the Government of the Democratic Republic of Congo (20%).


"the Legislator requires that each transformation within the framework of a separate mine or a separate mining project, the applicant company creates a subsidiary in which it holds at least 51% of the shares.

The decree was issued to Dathcom Mining SA, in which AVZ holds a 75% interest via its wholly-owned subsidiary AVZ International

Therefore, if AVZ are the applicant company and have created a subsidiary in which it holds 100% of the shares (AVZI wholly owned by AVZ as above) then they have complied with the requirement. It does not say anything about what percentage that subsidiary has to control of the mining project. Just that there has to be a separate subsidiary created (eg AVZI) with 51%+ ownership by the company of the subsidiary for each mine/project.

The key part for me is that it is shares in the subsidiary, not shares of the mining project itself.

I don't recall being the one to make that assertion, only adding that zijin would likely fail in any certificate of good life and morals.

You'll have to engage with somebody better legally versed than I am.

 

[investinvest]

If you need 51% to obtain a mining licence, then how does Kamoa operate?

The Kamoa-Kakula Copper Project — a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the Government of the Democratic Republic of Congo (20%).


"the Legislator requires that each transformation within the framework of a separate mine or a separate mining project, the applicant company creates a subsidiary in which it holds at least 51% of the shares.

The decree was issued to Dathcom Mining SA, in which AVZ holds a 75% interest via its wholly-owned subsidiary AVZ International

Therefore, if AVZ are the applicant company and have created a subsidiary in which it holds 100% of the shares (AVZI wholly owned by AVZ as above) then they have complied with the requirement. It does not say anything about what percentage that subsidiary has to control of the mining project. Just that there has to be a separate subsidiary created (eg AVZI) with 51%+ ownership by the company of the subsidiary for each mine/project.

The key part for me is that it is shares in the subsidiary, not shares of the mining project itself.

I wondered about that too and I wonder if the 51% ownership by a single party/JV partner is a new addition to the Mining Code after the 2018 changes and may not apply to older JV structures. Someone will need to compare the old and new Mining Codes to see if this is a recent change. AVZ will play by current rules, regardless.

DYOR

 

[Sammy_da_Smile]

View attachment 6602

This guy is very close to the subject and he definitely knows what he is talking about:

View attachment 6601

https://copperbeltkatangamining.com/drc-ventora-agreement-what-does-dan-gertler-win-franck-fwamba-mining-activist/

View attachment 6603
To have support of this guy is a good thing.

View attachment 6604

Thanks Solo, he must be good if he is getting kidnapped??

 

[Samus]

Thanks Solo, he must be good if he is getting kidnapped??

Has it always been the case in this forum that replies are sometimes slotted in after the original post like this?
This new @zeeb0t or something I've just missed along the way?
Easy to miss new posts is all.

Edit: No my mistake, I'm just not getting the notifications until sometimes days later it seems but usually they're close to real time.

 

[Deleted member 1612]

Has it always been the case in this forum that replies are sometimes slotted in after the original post like this?
This new @zeeb0t or something I've just missed along the way?
Easy to miss new posts is all.

Yeah. The one good thing about HC was newest post appears at the top of the thread. Don’t know if I’m missing anything on my phone but the only way to get to the newest post is clicking to the last page and scrolling to the end which is highly annoying.

 

[BEISHA]

Nice one Daz, there's no place like home for recovery. Best wishes

lol

 

[Sammy_da_Smile]

Has it always been the case in this forum that replies are sometimes slotted in after the original post like this?
This new @zeeb0t or something I've just missed along the way?
Easy to miss new posts is all.

Edit: No my mistake, I'm just not getting the notifications until sometimes days later it seems but usually they're close to real time.

Hmm not sure, I do have special powers though

 

[Samus]

Hmm not sure, I do have special powers though

When did you get notification that solo had replied to your post?
Just thought you might be seeing something similar.

 

[Sammy_da_Smile]

Hmm, I just got off the plane an hour ago and replied then. Must be just a bug?

 

[Sammy_da_Smile]

I d

When did you get notification that solo had replied to your post?
Just thought you might be seeing something similar.

I did see my post slot in at the end of the page before another page, but after refreshing it is seems to be back in order?

 

[DiscoDanNZ]

I d

I did see my post slot in at the end of the page before another page, but after refreshing it is seems to be back in order?

Yeah it seems to be a quirk of the forum, refreshing sorts it out.

 

[Samus]

Hmm, I just got off the plane an hour ago and replied then. Must be just a bug?

View attachment 6771

Yeah this is what I'm talking a out
Anyway when it seemingly happened to you as well I started wondering.
Solo posted: Saturday at 5:30 PM

 

[Samus]

Anyway fresh from the Crapper :


Indaba Mining 2022: The DRC Minister of Mines calls on African countries to work together to put an end to mining fraud. It invites all these countries to set up an effective control mechanism between them, based on traceability and transparency.

They talk the talk...

 

[Sammy_da_Smile]

Yeah this is what I'm talking a out
Anyway when it seemingly happened to you as well I started wondering.
Solo posted: Saturday at 5:30 PM

Ohhhhhhhh yeh I see what your saying now haha I thought he replied today but you are correct that's from Saturday

Yeh no idea what's going on

The thread goes by so fast haha

 

[JAG]