Retrobyte
Hates a beer
As in the former Justice Minister, Rachida Dati? If true, that is probably the most bizarre thing about this whole saga so far!
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AVZ Discussion 2022
- Thread starter GazDix
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As in the former Justice Minister, Rachida Dati? If true, that is probably the most bizarre thing about this whole saga so far!
Carlos Danger
Top 20
Neither AVZ nor Dathomir have the obligation to cede 'part' of their holdings to the DRC government listed in their commitments under the JV that Cominiere signed eyes wide open while holding 25% of Dathcom
The pro rata idea is just the MoP trying to rat fuck us because she is a stupid cunt who serves only her Chinese leash pullers
That's the way I see it. So do AVZ and their lawyers.
Azzler
Top 20
Maybe they are having a lend, that's not really relevant though.
Do you want to hear about back channel information or don't you?
If not, just scroll on past, is it so hard?
Or do you believe you speak for everyone?
I'm one of those punters with life changing profits on the line, and that's why I do get thrilled about news of a positive outcome.
I've heard a few things that never came to pass, and I thanked those that passed it along to me anyway, because I know they were just sharing whatever they had heard.
I dont care if you think my info isn't any good, good on you and have a nice day.
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Azzler
Top 20
Oh I must have missed that I havent heard shit from her in a long time.
In a leaked document?
cruiser51
Top 20
I know pneumonia can cause severe hallucinations, get better soon and stop hallucinating!
Darling, ffs you must be really sick.
Carlos Danger
Top 20
cruiser51
Top 20
For CKK, MoP and MoM to remember....
A legal contract is enforceable in court, and not abiding by its terms and conditions can lead to serious consequences.
CKK believes a contract is something he can decorate his toilet with.
Xerof
Flaming 1967
Good dog
A pitbull on the pant leg of contractual uncertainty, one might say.Good dog
Winenut
GO AVZ!!!!
Really appreciate the posts Carlos
The thing I'm looking to track down is where in the JVA it explicitly nominates Cominiere alone must cede 10% of Dathcom to the Govt
I haven't quite been able to put my finger on that clause....that's the one I'm trying to find for absolute certainty
EDIT: I think I'm starting to get it. Cominiere may have held MORE THAN 10% in Dathcom in which case it only needs to cede "part" of it's holding to meet the 10% Obligation under the terms of the JVA
ie if Cominiere held 25% of Dathcom it could cede "part" of it's holding to meet the 10% obligation and retain 15%
Presumably if Cominiere only holds 10% of Dathcom it would still be required to cede "part" of it's holding to meet the 10% obligation to the GOVT....it's just that in this scenario "part" of it's holding that it is required to cede happens to be "ALL" the holding that it has
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Carlos Danger
Top 20
It doesn't from what I have been able to find. It is implied by only Cominiere having that commitment out of the 3 company's as far as I can tell.
It's a long document and all in French so I may have missed another section where it specifically says they alone must do it but I'm pretty sure AVZ are basing their claim that Cominiere must cede the 10% to the DRC government on Article 5.1 (i) of the Dathcom JVA
Winenut
GO AVZ!!!!
fucking mine field isn't it....
As I said appreciate the posts and intel very much
Cheers
MoneyBags1348
Top 20
I think it’s in DRC Mining Code
Carlos Danger
Top 20
No the mining code says the applicant which is Dathcom. It is the Dathcom JV that AVZ cite in the ministerial decree announcement about Cominiere needing to cede the 10% but it doesn't specify an Article.
The only article I have been able to find in all of the Dathcom JV that in any way mentions this matter is Article 5.1 (i)
Carlos Danger
Top 20
The reason it was written this way and didn't specify exactly what amount Cominiere need to cede was just in case the DRC government changed the amount that applicants need to cede in the mining code imo
Samus
Top 20
DRC: "Any public official, political or administrative, is an agent of the business climate", recalls Félix Tshisekedi
Published on Wed, 07/06/2023 - 10:30
President Félix-Antoine Tshisekedi during the presentation of the report of the National Business Climate Barometer on 06/06/2023.
DRC Presidency
President Félix-Antoine Tshisekedi pointed out that any public official of the State, political or administrative, has an important role to play as agents of the business climate. He said this during the presentation of the report of the National Business Climate Barometer (BNCA) on June 6 in Kinshasa.
"I tell you clearly: any public official of the State, political or administrative, and at whatever level his action takes place, must be aware that he is an agent of the business climate, constantly called upon to implement the values of the principles of public service and administration. Public service in general must remain noble, qualitative and free from vice,” said Félix-Antoine Tshisekedi.
The survey of the National Business Climate Barometer (BNCA), covering four hundred and three companies in thirteen sectors of the national economy, attributed to the Democratic Republic of Congo a satisfaction rate of 37% in this sector.
“This report shows that the business climate in the DRC is improving. At this stage, the BNCA gives him a satisfaction score of 37%. This survey, which took place from January 24 to March 27, 2023, covered 403 companies in 13 sectors of the national economy, a rate of achievement never reached before”, declared the Head of State Félix Tshisekedi, during the presentation ceremony of the results of the first survey of the BNCA at the City of the African Union.
The Head of State, on this occasion, praised the quality of the work carried out by the BNCA:
"After reviewing the results of the survey in the report that was sent to me, I noted with great attention the perception of the business framework by economic operators in their diversity and according to the indicators that were arrested”.
These economic operators denounced the obstacles to their full development as main players in the business world.
"Indeed, whether it concerns the quality of relations between the public administration and economic operators, corruption and security problems, infrastructure, legal and judicial security, the tax system and incidental taxation , access to financing for businesses,… they have laid bare the scourges that plague and eat away at our economic environment”, added Mr. Tshisekedi.
He also urged each stakeholder, in particular the sectoral ministries and other actors involved in improving the business climate in the DRC, to "play their part for a clean and attractive business environment in favor of foreign partners ".
BNCA recommendations
The National Business Climate Barometer has recommended, in particular, carrying out reforms on taxation and incidental taxation, legal and judicial security, the political environment, the management of public contracts, the quality of the administration as well as that of infrastructure. .
This synthetic report has had the merit, we note, of presenting the opinions of business leaders on the evolution of the business climate, while highlighting the factors that have most influenced the business environment. It also made it possible to formulate recommendations that could lead to the development of a roadmap for appropriate reforms.
Beyond a tool for the overall assessment of the economic ecosystem in the DRC, the BNCA is an interface between the President of the Republic and the business world, as well as a lever of action for questions and initiatives relating to improving the business climate, we recall.
From the BNCA
The National Business Climate Barometer (BNCA) in the DRC was launched on February 15, 2023 by the Business Climate Unit, a structure of the Presidency. It is a tool for promoting public-private partnership which is used to periodically assess the degree of satisfaction of economic operators with reforms and other practices related to the business environment in the DRC.
It collects data from economic operators to make proposals to improve the business climate.
The BNCA is a quantitative and quantified indicator that will measure business behavior in the DRC. It helps to unseal the difficulties that economic operators are experiencing in doing business in the DRC. This could guide the decisions of Congolese decision-makers.
This tool was set up to fill the gap left by the World Bank's Doing Business, which rated at least 180 economies to measure the facilities they offered to do business there.
The Business Climate Unit on which the BNCA depends is a technical service available to the President of the Republic whose main mission is to study, analyze, evaluate, make proposals and take charge of all questions and initiatives relating to the improvement of the economic environment and the business climate in the Democratic Republic of Congo.
RDC : « Tout agent public, politique comme administratif, est un agent du climat des affaires », rappelle Félix Tshisekedi
Le Président Félix-Antoine Tshisekedi a fait remarquer que tout agent public de l’Etat, politique comme administratif, a un rôle important à jouer en tant qu’agents du climat des affaires. Il l’a dit lors de la présentation du rapport du Baromètre national du climat des affaires (BNCA) le 6 juin...
www.radiookapi.net
Courtney Franck on X, missed on tse that I recall.
Samus
Top 20
Business climate does not equal open arms to speculation!
PR Fatshi recognizes that there is corruption in the DRC which weighs down the business climate (score 37 %) , you say the opposite. The Chinese speculate in @SICOMINES, it is technically proven. Zijin has not put the money in @IvanhoeMines_ for KICO's Zin,
@Glencore did.
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