AVZ Discussion 2022

[Bin59]

Must be taking the piss surely?

Glencore to expand DRC exposure as it pushes into lithium

The deal means the trading giant will be able to choose which clients receive the vital metal

www.ft.com

A similar article (not locked)

Tantalex secures Glencore's backing for Congo lithium project

Tantalex Lithium , a Canadian junior miner that is aiming to produce lithium from the Democratic Republic of Congo (DRC), said on Friday its tailings project has secured the backing of Glencore .

www.reuters.com

Tantalex secures Glencore's backing for Congo lithium project​

September 9, 20237:29 AM GMT+10Updated 28 min ago

An employee of a private security company stands in front of the logo of commodities trader Glencore during the company's annual shareholder meeting in Cham, Switzerland May 24, 2017. Acquire Licensing Rights Read more

NAIROBI/ TORONTO, Sept 8 (Reuters) - Tantalex Lithium (TTX.CD), a Canadian junior miner that is aiming to produce lithium from the Democratic Republic of Congo (DRC), said on Friday its tailings project has secured the backing of Glencore (GLEN.L).

The Swiss miner and trader will pay a staggered $5 million to Tantalex as part of the marketing off-take agreement and has agreed to finance a third of the capital requirements for the DRC project, if it meets its conditions, Tantalex said in a statement.

Glencore has agreed a term-sheet to market the spodumene concentrate - or high-purity lithium ore - that will be produced at the Tantalex's Manono tailings project in the Congo.

Tailings dams, which can tower dozens of meters high and stretch for several kilometres, are a common waste-disposal method for miners.

Some of the dumps at Manono tailings, deposited several years ago, reach maximum heights of 70 metres (230 ft), Tantalex said on its website.

The deal is subject to Glencore conducting due diligence and its backing of Manono helps to de-risk the project, Tantalex CEO Eric Allard said.

Glencore, which mines copper and cobalt in the DRC started to trade lithium around a year ago, even though it has said it has no interest in owning lithium assets outright.

Allard said Glencore's expertise in the country "will be crucial for developing further our activities in the DRC."

Advertisement · Scroll to continue
Globally, mining companies and manufacturers are scrambling to secure supplies for lithium, which is key to boosting growth in battery electric vehicles as the world seeks faster alternatives to clean energy.

"The capital expenditure financing commitment is a significant milestone in the de-risking of the project and achieving our goal to become the first lithium producer in the DRC," Allard said.

Reporting by Felix Njini and Divya Rajagopal; Additional reporting by Clara Denina Editing by Marguerita Choy

 

[whales]

Isn't it odd, 2 days before Kiki wrote the above, Joe suggested this:



#DRC : #COMINIERE can sell part of its 25% to South Korea to generate around $250 million needed for the #Manono #Lithium project , with $ AVZ . Otherwise, the deposit north of Fungurume, and a 65% - 35% split would provide #COMINIERE with the necessary funds.

The story looks only slightly similar

https://twitter.com/i/redirect?url=https%3A%2F%2Ftwitter.com%2Femil_jens%2Fstatus%2F1700045416635785619%3Fcxt%3DHBwWpobbiZOT45cvAAAA%26cn%3DZmxleGlibGVfcmVjcw%253D%253D%26refsrc%3Demail&t=1+1694163116883&cn=ZmxleGlibGVfcmVjcw%3D%3D&sig=0614dd5ef4d967541321106148a1f224c33da88f&iid=639eed2f7a3c4846ad24295ae5042006&uid=894393855721603073&nid=244+272699393

maybe october?

nah surely before drc battery council on the 20th, so dare I say 11 days?

 

[Doc]

https://twitter.com/i/redirect?url=https%3A%2F%2Ftwitter.com%2Femil_jens%2Fstatus%2F1700045416635785619%3Fcxt%3DHBwWpobbiZOT45cvAAAA%26cn%3DZmxleGlibGVfcmVjcw%253D%253D%26refsrc%3Demail&t=1+1694163116883&cn=ZmxleGlibGVfcmVjcw%3D%3D&sig=0614dd5ef4d967541321106148a1f224c33da88f&iid=639eed2f7a3c4846ad24295ae5042006&uid=894393855721603073&nid=244+272699393

Jen’s deleted. That a good or bad sign ffs?

 

[oxxa23]

Jen’s deleted. That a good or bad sign ffs?

Haha, begin the speculation on speculative speculation...

Bound to be some rubbish flying around this week

 

[oxxa23]

https://twitter.com/i/redirect?url=https%3A%2F%2Ftwitter.com%2Femil_jens%2Fstatus%2F1700045416635785619%3Fcxt%3DHBwWpobbiZOT45cvAAAA%26cn%3DZmxleGlibGVfcmVjcw%253D%253D%26refsrc%3Demail&t=1+1694163116883&cn=ZmxleGlibGVfcmVjcw%3D%3D&sig=0614dd5ef4d967541321106148a1f224c33da88f&iid=639eed2f7a3c4846ad24295ae5042006&uid=894393855721603073&nid=244+272699393

What was Jens saying?

 

[Doc]

What was Jens saying?

 

[oxxa23]

View attachment 44227

Pretty sure he's just changing it to 2 in 2 days...

 

[Mickyb64]

View attachment 44227

Obviously good news for IXR just not AVZ.

 

[Uglybob]

I just checked and I hold both. Good to finally have a win.

 

[Dom1974]

This tweet sounds positive that Zijin are out…

https://x.com/africanminers/status/1700272637002514820?s=46

 

[Retrobyte]

Must be taking the piss surely?

Glencore to expand DRC exposure as it pushes into lithium

The deal means the trading giant will be able to choose which clients receive the vital metal

www.ft.com

0.2% piles of dirt. Why bother?

 

[Retrobyte]

Jen’s deleted. That a good or bad sign ffs?

Wrist slap.

 

[Dom1974]

Glencore still have to do due diligence on TTX before proceeding. You’d hope it’s thorough enough to pick up the fact their CEO is up for bribe and forgery charges. Red flag in any other country. Probably a minor issue in the DRC.

 

[Samus]

Once again the disinformation, outright lies and even an attempted board spill just as we think there might be a sniff of good news on the horizon.
Bring on arbitration, bring on ICSID, it's high time for the crooks to all burn. Ffs.

 

[MoneyBags1348]

Dave Evans contacted the Advisory Board Members and Ministries as well as media representatives of the DRC- AFRICA Battery Metals event urging them to support AVZ’s position.

I don’t know if it makes any difference but I see today the Battery Metals Forum page has been updated again with AVZ Minerals standing out as the top, and only Cobalt Plus sponsor of the event.

Every time Cong, Kabemba, Jerkoff, Huljich, boatman, tommy tb and the other corrupt arseholes try to lie and manipulate investors, let’s give them a foot up the arse

 

[Penskefile]

Glencore still have to do due diligence on TTX before proceeding. You’d hope it’s thorough enough to pick up the fact their CEO is up for bribe and forgery charges. Red flag in any other country. Probably a minor issue in the DRC.

A pre-requisite in the DRC in fact

 

[Hemicuda]

0.2% piles of dirt. Why bother?

sniffing the greater Manono area perhaps

 

[tonster66]

Glencore still have to do due diligence on TTX before proceeding. You’d hope it’s thorough enough to pick up the fact their CEO is up for bribe and forgery charges. Red flag in any other country. Probably a minor issue in the DRC.

There is still the underlying issue regarding the license for the tailings. According to Grahame Johnston any license for tailings and mining that sits on top of another mining tenement can only be issued to the main tenement holder, being AVZ, according to DRC mining law.
The license that was issued to Tantalex is not valid.

 

[Xerof]

There is still the underlying issue regarding the license for the tailings. According to Grahame Johnston any license for tailings and mining that sits on top of another mining tenement can only be issued to the main tenement holder, being AVZ, according to DRC mining law.
The license that was issued to Tantalex is not valid.

That should take Glencore 3 seconds of DD

0 ground zero

 

[wombat74]

maybe october?

nah surely before drc battery council on the 20th, so dare I say 11 days?

Still early (4:30 AM ) 9th in the DRC . Day hasn't started .