oxxa23
Regular
What was Jens saying?
AVZ Discussion 2022
- Thread starter GazDix
- Start date
This tweet sounds positive that Zijin are out…
Retrobyte
Hates a beer
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 metalwww.ft.com
0.2% piles of dirt. Why bother?
MoneyBags1348
Top 20
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
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
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Penskefile
Regular
A pre-requisite in the DRC in factGlencore 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.
Hemicuda
Regular
sniffing the greater Manono area perhaps
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.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.
The license that was issued to Tantalex is not valid.
Xerof
Have a Cigar 1975
Still early (4:30 AM ) 9th in the DRC . Day hasn't started .
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Did you take away any positives from the AB performance ?
Azzler
Top 20
Unless the countdowners have other info I don't, although what we hope might be issued or signed already or today, I am not expecting to hear about it yet. When NF returns to the DRC, that's what he's returning for. And I think it will be after that point that we might hear about it.
And that's not today and unlikely tomorrow (our time) either.
Just my thoughts, no real idea of whats happening.
And that's not today and unlikely tomorrow (our time) either.
Just my thoughts, no real idea of whats happening.
Do we know where Nigel is?
Frank
Top 20
*Fyi, In other News, I see where the MoM has been busy doing what MoM does best
Mines: forfeiture of 8 ERG group operating permits
For more than a month, two companies of Eurasian Resources Group-Africa (ERG) based in the DRC have been hit by the forfeiture of mining rights.
These are Boss Mining, based in Kakanda in Haut-Katanga and COMIDE in the province of Lualaba.
The Ministry of Mines criticizes these mining companies for the delay in signing the specifications as required by the Mining Code.
But for the NGO Justicia, the motivations for these measures would be a conflict of interest.
Indeed, the Ministry of Mines has, since July 31, made public 28 orders.
8 of them relate to the forfeiture of the mining rights of two ERG group companies.
First target, Boss Mining.
While this company was already subject to the suspension of production for 3 months, the company has just suffered a new sanction, this time stronger.
The Ministry of Mines deprived him of his rights to four operating permits. These are permits n° 463, 467, 468 and 469.
The second victim company is COMIDE based in Kisankala, near the city of Kolwezi. It too can no longer rely on 4 mining permits.
These are in particular n°2606, 2607, 2608 and 12715.
Thus, these two companies are forced to stop their copper and cobalt mining and production activities.
However, Eurasian Resources Group is one of the important players in the mining sector in the DRC.
From 2019 to 2022, its investment was around US$9 billion.
The group claims to have generated more than US$1.6 billion in taxes, dividends and royalties.
Additionally, it has created around 10,000 jobs in the country.
The group intends to invest an additional USD $2 billion in the country over the next two years.
Justicia Asbl denounces influence peddling
As a result, the decision of the Minister of Mines provoked reactions from both civil society and local communities.
Justicia Asbl, for example, believes that the reasons for this decision would be other than the late signing of the specifications.
For this organization, the taking of these measures for the forfeiture of 8 operating permits of the ERG group would be consecutive to the publication of an article by the newspaper Afrique Intelligence dated July 28, 2023.
This one was titled “The Kazakh ERG miner grapples with the presidential family in the Lualaba”.
Thus, this organization is asking the Minister of Mines to reconsider her decision and to engage in discussions with the companies with a view to finding an acceptable solution.
In the meantime, the ERG group had already reacted to the publication of the Afrique Intelligence newspaper.
In a press release published on its site on August 29, ERG rejects the allegations made by the media.
"The title and images used in this article are highly misleading."
Eurasian Resources Group strongly rejects the idea that the group is at odds with the DRC Presidency, its government, or the extended family of the DRC President.
The article suggests on behalf of ERG that this is the case. What the group disapproves of.
Community concern and worker uncertainty in Kakanda
Meanwhile, at the local level, communities are worried.
For civil society in the city of Kakanda where the Boss Mining company is located, for example, the measures taken at the national level negatively affect local communities.
“This decision blocks the development of our entity,” declares a member of civil society.
And to continue, “Boss Mining is the only operational company in Kakanda.
In addition, we have just signed the specifications with it which provide for the construction of the infrastructure.
These include health centers, schools, etc.
The only infrastructure that exists in Kakanda dates from the colonial era.”
For their part, Boss Mining workers are in limbo.
They fear for their professional future.
“Despite the suspension of production for the last three months, the company still paid our salaries.”
There, we do not know what our fate will be. Will we go on technical leave?
In addition, our colleagues in subcontracting companies are already being sacrificed.
They have not been working since production was suspended.
What will become of them?” asks a young employee, speaking anonymously.
For the moment, the ERG group has not yet communicated on this decision by the Ministry of Mines.
It should be noted that the measure relating to the forfeiture of rights to operating permits also concerns 14 other companies.
Among them are Ruashi Mining with operating permit no. 13083 and Sodimico with permit no. 102.
mediacongo
Mines: forfeiture of 8 ERG group operating permits
For more than a month, two companies of Eurasian Resources Group-Africa (ERG) based in the DRC have been hit by the forfeiture of mining rights.
These are Boss Mining, based in Kakanda in Haut-Katanga and COMIDE in the province of Lualaba.
The Ministry of Mines criticizes these mining companies for the delay in signing the specifications as required by the Mining Code.
But for the NGO Justicia, the motivations for these measures would be a conflict of interest.
Indeed, the Ministry of Mines has, since July 31, made public 28 orders.
8 of them relate to the forfeiture of the mining rights of two ERG group companies.
First target, Boss Mining.
While this company was already subject to the suspension of production for 3 months, the company has just suffered a new sanction, this time stronger.
The Ministry of Mines deprived him of his rights to four operating permits. These are permits n° 463, 467, 468 and 469.
The second victim company is COMIDE based in Kisankala, near the city of Kolwezi. It too can no longer rely on 4 mining permits.
These are in particular n°2606, 2607, 2608 and 12715.
Thus, these two companies are forced to stop their copper and cobalt mining and production activities.
However, Eurasian Resources Group is one of the important players in the mining sector in the DRC.
From 2019 to 2022, its investment was around US$9 billion.
The group claims to have generated more than US$1.6 billion in taxes, dividends and royalties.
Additionally, it has created around 10,000 jobs in the country.
The group intends to invest an additional USD $2 billion in the country over the next two years.
Justicia Asbl denounces influence peddling
As a result, the decision of the Minister of Mines provoked reactions from both civil society and local communities.
Justicia Asbl, for example, believes that the reasons for this decision would be other than the late signing of the specifications.
For this organization, the taking of these measures for the forfeiture of 8 operating permits of the ERG group would be consecutive to the publication of an article by the newspaper Afrique Intelligence dated July 28, 2023.
This one was titled “The Kazakh ERG miner grapples with the presidential family in the Lualaba”.
Thus, this organization is asking the Minister of Mines to reconsider her decision and to engage in discussions with the companies with a view to finding an acceptable solution.
In the meantime, the ERG group had already reacted to the publication of the Afrique Intelligence newspaper.
In a press release published on its site on August 29, ERG rejects the allegations made by the media.
"The title and images used in this article are highly misleading."
Eurasian Resources Group strongly rejects the idea that the group is at odds with the DRC Presidency, its government, or the extended family of the DRC President.
The article suggests on behalf of ERG that this is the case. What the group disapproves of.
Community concern and worker uncertainty in Kakanda
Meanwhile, at the local level, communities are worried.
For civil society in the city of Kakanda where the Boss Mining company is located, for example, the measures taken at the national level negatively affect local communities.
“This decision blocks the development of our entity,” declares a member of civil society.
And to continue, “Boss Mining is the only operational company in Kakanda.
In addition, we have just signed the specifications with it which provide for the construction of the infrastructure.
These include health centers, schools, etc.
The only infrastructure that exists in Kakanda dates from the colonial era.”
For their part, Boss Mining workers are in limbo.
They fear for their professional future.
“Despite the suspension of production for the last three months, the company still paid our salaries.”
There, we do not know what our fate will be. Will we go on technical leave?
In addition, our colleagues in subcontracting companies are already being sacrificed.
They have not been working since production was suspended.
What will become of them?” asks a young employee, speaking anonymously.
For the moment, the ERG group has not yet communicated on this decision by the Ministry of Mines.
It should be noted that the measure relating to the forfeiture of rights to operating permits also concerns 14 other companies.
Among them are Ruashi Mining with operating permit no. 13083 and Sodimico with permit no. 102.
mediacongo
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