Fletch77
Regular
I think Cash was suggesting that Gmailuser won’t last long here without the whingers on here complaining about him talking about something off topic
AVZ Discussion 2022
- Thread starter GazDix
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I think Cash was suggesting that Gmailuser won’t last long here without the whingers on here complaining about him talking about something off topic
Xerof
Biding my Time 1971
https://www.internationaltin.org/myanmars-wa-state-announces-tin-mining-suspension-from-august/
I only highlight this article for the reason it indicates a growing resistance to minerals being basically looted by Chinese companies. Are you listening Felix?
I only highlight this article for the reason it indicates a growing resistance to minerals being basically looted by Chinese companies. Are you listening Felix?
MoneyBags1348
Top 20
I don’t know what pow4aids has been saying Fletch (because I have him on ignore) but if you haven’t realised he’s a troll by now you only need to look at the bullshit he posts
I’ve got no doubt at all that he’s a mate of of tommy tb’s
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“Lisette Kabanga Tshibwabwa notably justified the legality of lobbying in the DR Congo”
Lithium: COMINIERE and the Congolese State paid US$1.6 million for the lobbying of Lisette Tshibwabwa Kabanga
July 31, 2023
Kiki Kienge
By Kiki Kienge
Lithium the ore of the century, that of the eclectic batteries which the whole world is fighting to get in possession of, lithium is a strategic metal for the energy transition, saying the same for the future of our planet, it is also a metal considered critical due to the great risk of its supply by its rarity.
But here we are, in the DR Congo following the politicization of the file, the lithium project of Manono in Tanganyika which should make the DR Congo one of the giants in the world and a main player in the energy transition, in particular to restore the letters of nobility to the country of Lumumba in the global mining sector, is almost at a standstill.
The Minister of Mines of Congo, Antoinette N'Samba Kalambayi by a decree signed on January 28, 2023, had suspended the Exploitation Permit (PE13359) of the joint venture DATCOM granted in April 2022 after the feasibility study of the Australians of AVZ MINERALS, a 75% partner in DATHCOM, following accusations by the state-owned company COMINIERE and hastily in DATHCOM.
COMINIERE had accused AVZ MINERALS of having taken the project and the joint venture hostage, DATHCOM in that it conducted the research and management of the joint venture without involving it from start to finish, in particular of not having not actually done any research.
"The revelations come from a very serious Australian newspaper, which says that it has six million US dollars, which should be paid to a Congolese intermediary, I don't know if it's Mr. Marius Mihigo," said the director . acting general of COMINIERE, Célestin Kibeya accusing the lobbying and mediation of Mr. Marius Mihigo on behalf of AVZ MINERALS.
In reality, AVZ MINERALS had used the service of Marius Mihigo for intermediation (lobbying) in DR Congo, to promote the image of the company and facilitate contacts with the administrations and decision-making authorities of the Manono lithium file, a legal work and legalized, notably recognized in DR Congo and around the world.
Namely that Mr. Mihigo and his company are not paid by the Congolese State, nor with Congolese taxpayers' money, but by private funds from the company, AVZ MINERALS, so Australians are free to choose who and how should work for itself and will only have to report to its shareholders.
But here it is, the same state company accusing of the intermediation of Marius Mihigo, COMINIERE had recourse to Mrs. Lisette Kabanga Tshibwabwa , then responsible for the office of the security adviser of President Félix Tshisekedi , Mr Jean-Claude Bukasa , in particular member and Deputy National Secretary UDPS in relation with the socialist international and the progressive alliances of the UDPS ruling party for the same work.
For having "presented" the Chinese group ZIJIN to COMINIERE and the Congolese State through the Ministries of Mines and the Portfolio, (presented in doubt, since the latter were already in contact with the Chinese of ZIJIN in other projects ).
Mrs. Lisette Kabanga Tshibwabwa and her company Focus pleading , created in 2020, received a retrocommission of US$1,600,000 simply for their lobbying in the sale, or the sell-off according to the IGF (Inspection Générale des Finances) of 15% of the shares of la COMINIERE in DATHCOM, at a paltry sum of US$33,000,000 than the US$150,000,000 of the true market value at the time of the sale.
Mrs. Lisette Kabanga Tshibwabwa contacted on this 15% sale file, had recognized her work of intermediation between the Chinese of ZIJIN and COMINIERE, her stamp of 1,600,000 $US, in particular to justify the legality of lobbying or prohibition in Rd congo.
Because then, why the same COMINIERE through its director, Céléstin Kibeya and some advisers of the Head of State, Félix Tshisekedi castigate and consider the same work of intermediation of Mr Marius Mihigo for a private group, which is AVZ MINERALS ?
Lithium : la COMINIERE et l’État Congolais ont payé 1.6 millions $US pour le lobbying de Lisette Tshibwabwa Kabanga - Kongo Presse
Madame Lisette Kabanga Tshibwabwa et sa société Focus plaidoirie créé en 2020, ont reçu une rétrocommission de 1.600.000 $US simplement pour leur lobbying dans la vente, ou le bradage selon l'IGF (Inspection Générale des Finances) des 15% des parts de la COMINIERE dans DATHCOM, à une somme...kongopress.com
"The Minister of Mines of Congo, Antoinette N'Samba Kalambayi by a decree signed on January 28, 2023, had suspended the Exploitation Permit (PE13359) of the joint venture DATCOM granted in April 2022 after the feasibility study of the Australians of AVZ MINERALS, a 75% partner in DATHCOM, following accusations by the state-owned company COMINIERE and hastily in DATHCOM.
COMINIERE had accused AVZ MINERALS of having taken the project and the joint venture hostage, DATHCOM in that it conducted the research and management of the joint venture without involving it from start to finish, in particular of not having not actually done any research."
Apart from FT mandate to quell corruption failure, that bottom statement highlighted in BOLD is the biggest joke i have read in this whole sordid debacle.........
Lol, RD is probably in the realm of 500mt @ 1.6%, open strike in all directions with the latest drill campaign ...........yet, apparently AVZ havnt done any research, apparently didnt receive 3 favourable opinions , apparently didnt receive the ML decree as a result.........
But am i really laughing Celestine ?
Cant wait to for that INTEL to be confirmed so you and your fucked up, corrupt Cominiere get royally pineappled.........
Nothing to worry about as China's economy is under pressure with many western companies exiting. It's just a matter of time before the so-called miracle economy faces complete failure then they face massive internal problems. Me thinks the CCP's will come under enormous pressure from their own people and hopefully spells its demise.
Lucas Don Velor
Regular
"The Minister of Mines of Congo, Antoinette N'Samba Kalambayi by a decree signed on January 28, 2023, had suspended the Exploitation Permit (PE13359) of the joint venture DATCOM granted in April 2022 after the feasibility study of the Australians of AVZ MINERALS, a 75% partner in DATHCOM, following accusations by the state-owned company COMINIERE and hastily in DATHCOM.
COMINIERE had accused AVZ MINERALS of having taken the project and the joint venture hostage, DATHCOM in that it conducted the research and management of the joint venture without involving it from start to finish, in particular of not having not actually done any research."
Apart from FT mandate to quell corruption failure, that bottom statement highlighted in BOLD is the biggest joke i have read in this whole sordid debacle.........
Lol, RD is probably in the realm of 500mt @ 1.6%, open strike in all directions with the latest drill campaign ...........yet, apparently AVZ havnt done any research, apparently didnt receive 3 favourable opinions , apparently didnt receive the ML decree as a result.........
View attachment 41177
But am i really laughing Celestine ?
Cant wait to for that INTEL to be confirmed so you and your fucked up, corrupt Cominiere get royally pineappled.........
View attachment 41179
Cominiere's balance sheet is becoming more clear with the efforts of Kiki... An itemised account of 'snacks' should reveal Focus Pleading and collusion...
Fair enough in terms on unnecessary execs. But i don't think its fair to categorise the team as doing nothing.
dollarbills
Regular
More chance the West will fail economically than China
Carlos Danger
Top 20
We aren't paying the 'unnecessary execs' that much. 60k per year each for 2 employees to take pressure off the necessary execs is reasonable imo. The fat to be trimmed would be from Nigel, Graeme and Jan. I think deferring a portion of their 'consulting fees' until we are trading again or taken over is more than appropriate.
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Cumquat Cap
Regular
Agreed, can't see how Graham earning his cash now considering he most likely hasn't gone back to DRC in a long time and is the technical director of a company who is fighting lawsuits for a living - just my thoughts and think he is more than valuable once we have a ML
Cumquat Cap
Regular
Nigel and John definitely earning their cash currently, but don't think cash will be an issue for too much longer
Chilla
Regular
Graeme is well worth the money....probably the sharpest on the BoD and will be earning his keep with the drilling results and upgrading the JORC resource, which will add significant shareholder value. Its good they didnt replace Huljich and have saved that expense so far.
When companies have downturns should they slash the wages of all employ
You hope, but we will get through this downturn quicker than China
Hi all,
While avz is my main play, I do follow a few other lithium companies too, with a small parcel in some (carn EMH!). Lately I've been thinking about European Lithium, who have signed a deal with a Saudi company for a 50/50 joint venture on a processing plant.
This post isn't meant to be a comparative analysis or anything, more just musing and speculation on how this as a reference point could hint at future possibilities for AVZ. EUR's contribution to the JV is basically feedstock, with he Saudis paying for the plant. The mine is in Austria, and like most others it's a teacup pig compared to Manono. Not exactly close to Saudi Arabia, and not exactly a world-class deposit. IMO the Saudi's aren't getting into this to support their car industry, they want to keep owning the energy industry. And I mean OWN it. So arrangements like the one they have with EMH is going to be how they go about it, I expect EUR is just the first of many deals to be done.
So my musings are twofold.
1 - What does this tell us about the sort of arrangement that AVZ might end up with, be it with China or someone else
2 - Is Saudi Arabia going to to get involved with Manono? I know it's been speculated about on here before, and they have had trade discussions with DRC. They got money like the Chinese, more 'flexible' on certain host country attributes than the USA, and need to build themselves new industries. Even if DRC still insisted on processing happening locally, if SA wants to control a lithium OPEC then they need control of manono, regardless of where the product gets processed.
IMO they could make a good 3rd party to balance out the Chinese.
I'm not in the weChat group, so don't know if anything related to SA is in the rumors circulating around there, this is just my own speculation.
(Also - don't begrudge them having a private chat alongside an anonymous public message board. People have varying degrees of both effort, involvement and exposure/risk here. And if someone accidentally says 'thank-you' on here instead, toughen the fuk up and ignore it. You are no worse off that someone else knows something that you don't)
So,
While I think probably China has their teeth sunk deep enough into manono/DRC that they will also eventually end up stumping up the cash to move it forwards, now that SA has started making moves I would not be surprised if they came out with an even bigger dump of cash to push China aside and get into the project. AVZ mines SA pays for the processing plant and China buys all the output? We'll see.
While avz is my main play, I do follow a few other lithium companies too, with a small parcel in some (carn EMH!). Lately I've been thinking about European Lithium, who have signed a deal with a Saudi company for a 50/50 joint venture on a processing plant.
This post isn't meant to be a comparative analysis or anything, more just musing and speculation on how this as a reference point could hint at future possibilities for AVZ. EUR's contribution to the JV is basically feedstock, with he Saudis paying for the plant. The mine is in Austria, and like most others it's a teacup pig compared to Manono. Not exactly close to Saudi Arabia, and not exactly a world-class deposit. IMO the Saudi's aren't getting into this to support their car industry, they want to keep owning the energy industry. And I mean OWN it. So arrangements like the one they have with EMH is going to be how they go about it, I expect EUR is just the first of many deals to be done.
So my musings are twofold.
1 - What does this tell us about the sort of arrangement that AVZ might end up with, be it with China or someone else
2 - Is Saudi Arabia going to to get involved with Manono? I know it's been speculated about on here before, and they have had trade discussions with DRC. They got money like the Chinese, more 'flexible' on certain host country attributes than the USA, and need to build themselves new industries. Even if DRC still insisted on processing happening locally, if SA wants to control a lithium OPEC then they need control of manono, regardless of where the product gets processed.
IMO they could make a good 3rd party to balance out the Chinese.
I'm not in the weChat group, so don't know if anything related to SA is in the rumors circulating around there, this is just my own speculation.
(Also - don't begrudge them having a private chat alongside an anonymous public message board. People have varying degrees of both effort, involvement and exposure/risk here. And if someone accidentally says 'thank-you' on here instead, toughen the fuk up and ignore it. You are no worse off that someone else knows something that you don't)
So,
While I think probably China has their teeth sunk deep enough into manono/DRC that they will also eventually end up stumping up the cash to move it forwards, now that SA has started making moves I would not be surprised if they came out with an even bigger dump of cash to push China aside and get into the project. AVZ mines SA pays for the processing plant and China buys all the output? We'll see.
I'd be thinking the USofA before thinking Saudi .
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