AVZ Discussion 2022

[TDITD]

The DRC and the United Kingdom plan an energy transition forum from September 5 to 7 in London​

OF THE EDITORIAL STAFF
July 21, 2023
in Featured





The Congolese Minister of Industry, Julien Paluku, announces the holding of a major forum from September 5 to 9 in London, DRC-United Kingdom on energy transition and investments .

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This member of the government Sama Lukonde made this announcement Thursday, July 20, on the sidelines of a conference debate on the energy transition in the DRC, organized by the company KNG Strategy in concert with his ministry.
This DRC-United Kingdom forum on energy transition and investments aims to mobilize Congolese and British political and economic actors to promote green energies by abandoning fossil fuels which pollute the environment.
Beyond that, it pursues the goal of convincing the United Kingdom to join the DRC in the installation of a first manufacturing plant for precursors of electric batteries, batteries and electric vehicles in the province of Haut-Katanga.
“The massive battery industry project initiated by the Democratic Republic of Congo with the aim of changing the economies of African countries will be at the heart of the DRC-UK forum. A project which now has the support of the United States of America, China through CATL-CMOC and the European Union,” suggested the Minister of Industry.
For his part, the general manager of "King Strategy", Jean-Bosco Kanyemesha, partner of the Ministry of Industry in the organization of the said forum, called on Congolese and British economic operators to pool together to promote the carbon-free economy.
The panel, which brought together the heads of the Congolese Council of Battery-CCB, the Fund for the Promotion of Industry (FPI), representatives of Equity-BCDC and vodacom, sanctioned this meeting of the preliminary DRC-United Kingdom forum in London.
Dostin Eugene LUANGE


Give us your hard earned View attachment 41019

They love a good chat. You've got to give it to them, they are world class at saying the right things. Reading that makes it sound very positive and as is something is actually happening.

Thats the kicker, they are not doing anything, well apart from embezzlement and bribery.

 

[cruiser51]

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Pascal Mulegwa

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CASE Approval Congo Gold Raffinerie SARL (Tribune of someone close to the case) A lively controversy has taken place since the transmission of Ministerial Order No. 00267/CAB MIN/MINES/01/2023 of 24/07/2023 forfeiting the Approval of Congo Gold Raffinerie SARL.

Far from the controversy, let us coldly analyze the facts around this situation.
Firstly, it is important to note that the Ministry of Mines has the right to question a company that it considers has not taken advantage of the approval granted to it.
Note Congo Gold Raffinerie SARL is a processing entity. As such, it is required to comply in particular with the requirements of Article 24 of Ministerial Order No. 00131/CAB. MIN/MINES/01/2023 of April 19, 2023 regulating the activities of the processing entity under penalty of exposing itself to the sanctions provided for in article 25 of the same ministerial order.

Then, it should be noted that the Congo Gold Raffinerie SARL refinery has existed since 2019. Since its creation, it has already renewed its approval twice, its last renewal dating from February 15, 2022.

However, we should ask ourselves a few questions in relation to the activities already carried out by the said company:

• First, who owns this company?
Who are its shareholders, what are its sources of funding?
According to the international organization "Global Witness", Congo Gold Raffinerie SARL is an initiative of the "CGR" which decided to launch this refinery in Bukavu, on the border with Rwanda and not far from Burundi.
It should be remembered that Bukavu has long been a center of gold trading and smuggling.

• Still according to Global Witness and several other local organizations in the DRC who have alerted on this refinery, Congo Gold Raffinerie seems to be a joint venture set up between the head of the East Africa region of Frontier Services Group (FSG, which belongs to Erik Prince), and a businessman who would have been one of the former Congolese president's intermediaries in the past, and a suspected gold trafficker.
This is an extraordinary grouping of powerful interests in a single company, at a time when the DRC is facing aggression and structured smuggling around its minerals, including gold.

• Note that CGR is owned by two companies, each part of different networks.
One such company is Global Investment Congo (GIC), which counts among its shareholders entities managed by an associate of former Congolese President Joseph Kabila, Alain Wan, and a senior FSG official, Liu Zhigang.
FSG is a security company created by American billionaire Erik Prince, which works in the private security sector, and the Chinese state is the main shareholder. While FSG does not directly own shares in CGR, Mr. Zhigang is the sole director of GIC, a company that is CGR's largest shareholder and which, according to a 2017 mining permit, is domiciled at the same address as the gold company.

• CGR's other shareholder is Marathon SARL, owned by Burundian Karim Somji, who in the past allegedly smuggled gold, and Robert Mutesa, the managing partner of an airline that allegedly transported weapons during the Second Congo War.
Another of Marathon's owners is Joyce Otshimo Ekanga, a businessman who owns shares in two mining companies in the DRC and heads a Sino-Congolese chamber of commerce.
He is the son of a powerful Congolese official, Moïse Ekanga, a close associate of Kabila who oversees billions of dollars of Chinese investment in the DRC through the Sino-Congolese Program Coordination and Monitoring Office (BCPSC), a government entity. a businessman who holds shares in two mining companies in the DRC and is the head of a Sino-Congolese chamber of commerce.
He is the son of a powerful Congolese official, Moïse Ekanga, a close associate of Kabila who oversees billions of dollars of Chinese investment in the DRC through the Sino-Congolese Program Coordination and Monitoring Office (BCPSC), a government entity. a businessman who holds shares in two mining companies in the DRC and is the head of a Sino-Congolese chamber of commerce.
He is the son of a powerful Congolese official, Moïse Ekanga, a close associate of Kabila who oversees billions of dollars of Chinese investment in the DRC through the Sino-Congolese Program Coordination and Monitoring Office (BCPSC), a government entity.

5:32 AM · Jul 28, 2023



It looks like to be able to do business in the DRC you need lots of contacts.
After a regime change you have to make immediately friends (brown paper bags) with the new regime, or you are fukked.

 

[cruiser51]

They love a good chat. You've got to give it to them, they are world class at saying the right things. Reading that makes it sound very positive and as is something is actually happening.

Thats the kicker, they are not doing anything, well apart from embezzlement and bribery.

You have to ask yourself "which mining projects were started under the current regime".

The only mining industry I can come up with is the mining of financial benefits for the political elite.

 

[The Fox]

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View attachment 41013


View attachment 41015



View attachment 41014

Everyone wants to get access to Felix.

DRC : Fortescue pays top dollar to Tshisekedi pal to lobby on Grand Inga - 28/07/2023 - Africa Intelligence

The pastor and businessman Olivier Chekinah has made the most of his presidential ties to sell his consulting services on the mega-dam project to the Australian mining company. - 7/28/2023

www.africaintelligence.com

 

[wombat74]

Yep it's friday spelling and grammar won't improve on any given day as that's not the point. Let's just see what happens in the next. How long did the secret squirrels give it ? By the end of next month wasn't it? Hopefully we will have some communication from the best bod on the asx before then. Otherwise what I'm responding to is a load of shit which I suspect it is. But we'll know in about a month by the sound of it.

Next month becomes next month becomes next month . Is anyone seeing a pattern here ? What happened to July being the month? Feels like someone is on bull sh1t duties at camp AVZ ? IMO

 

[Hemicuda]

Next month becomes next month becomes next month . Is anyone seeing a pattern here ? What happened to July being the month? Feels like someone is on bull sh1t duties at camp AVZ ? IMO

 

[Scoota30]

Next month becomes next month becomes next month . Is anyone seeing a pattern here ? What happened to July being the month? Feels like someone is on bull sh1t duties at camp AVZ ? IMO

My personal suggestion which has worked in my favour over this whole suspension, if we get wind that news is expected by July, set your goal posts by the end of September/start of october that way you don't start to get as frustrated until mid September.... Helps keep the dream alive for a lot longer

Then by the time October comes around, there'll be some other news floating around a few circles that things are close and that we should expect a finale before the AGM. That is when it will get interesting IMO.
I said to myself after the SAMA 2 government came in and none of the bad actors got cut, that hopefully we should have a resolution by Christmas this year.

 

[Xerof]

 

[LOCKY82]

View attachment 40994

Case Details | ICSID

icsid.worldbank.org

Brick Court takes on second international QC from rival Essex Court in wake of China sanctions

Singapore-based Salim Moollan QC will join Vernon Flynn QC at new set in September as Essex Court secures two up-and-coming Chancery juniors

www.globallegalpost.com

 

[LOCKY82]

Salim Moollan KC | Brick Court Chambers

Brick Court Chambers is one of the leading sets of barristers’ chambers in the UK, having a strong reputation for Commercial, Competition, International/EU and Public law.

www.brickcourt.co.uk

Hopefully he lays down the law

 

[wombat74]

My personal suggestion which has worked in my favour over this whole suspension, if we get wind that news is expected by July, set your goal posts by the end of September/start of october that way you don't start to get as frustrated until mid September.... Helps keep the dream alive for a lot longer

Then by the time October comes around, there'll be some other news floating around a few circles that things are close and that we should expect a finale before the AGM. That is when it will get interesting IMO.
I said to myself after the SAMA 2 government came in and none of the bad actors got cut, that hopefully we should have a resolution by Christmas this year.

Nigel's gonna need an Oscar winning performance at the next AGM . IMO

 

[Frank]

They love a good chat. You've got to give it to them, they are world class at saying the right things. Reading that makes it sound very positive and as is something is actually happening.

Thats the kicker, they are not doing anything, well apart from embezzlement and bribery.

 

[TheCount]

Thanks for the update @JAG .
TC

 

[Remark]

Thanks for the update @JAG .
TC

More Wechat updates?

 

[Carlos Danger]

Nigel's gonna need an Oscar winning performance at the next AGM . IMO

 

[eqtrade]

Thanks for the update @JAG .
TC

whatever it is. I hope it’s still positive.

 

[Roon]

Thanks for the update @JAG .
TC

Maybe it's an idea to just thank them there rather than rub the selectivity into the uninformed masses. The AVZ fiasco is enough of a mental hassle for long suffering holders to deal when just researching the publicly available information, let alone when you have to wonder what's being kept close-hold. Understand the reasoning for closed groups, but no need keep hinting of their existence to the rest.

 

[Colaci78]

Thanks for the update @JAG .
TC

Why do you need to publicly thank @JAG? Just some extra salt for holders wounds ?

 

[Ashlee]

Maybe it's an idea to just thank them there rather than rub the selectivity into the uninformed masses. The AVZ fiasco is enough of a mental hassle for long suffering holders to deal with just regarding the publicly available information, let alone when you have to wonder what's being kept close-hold

So far nothing Jag has said or claimed has come true I doubt he knows anything more than any other LTH
from my attendance at many AVZ meetings he certainly doesn’t have the ear of the BOD.

 

[JAG]

So far nothing Jag has said or claimed has come true I doubt he knows anything more than any other LTH
from my attendance at many AVZ meetings he certainly doesn’t have the ear of the BOD.

Ash, not having a go but can you quote for those here what I have said