AVZ Discussion 2022

[Rediah]

Ann out...

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02717153-6A1170591?access_token=83ff96335c2d45a094df02a206a39ff4

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"AVZ remains in sustained and constructive dialogue with the DRC Government with respect to the grant of the exploitation licence and the withdrawal of the ICSID proceedings. The ICSID Tribunal has not yet been fully constituted and AVZ remains hopeful a resolution can be achieved before further steps need to be taken in the ICSID proceedings"

 

[Doc]

They trying everything

 

[Doc]

Send em broke boys

 

[Scoota30]

IMO we clearly have the upper hand here now, the detractors weren't quick enough nor did they work hard enough at the beginning to trick us into legally giving some of it away.

Providing that the ICC is not corrupt (you would f*cking hope it isn't), I am of the opinion we have this in the bag. Now the question remains, do we have to wait this whole thing out for all of the legal proceedings to be completed or is the head of the DRC government going to do something about it by righting the wrongs of state actors and players, admitting defeat and throwing a few under the bus in order to propel the DRC into an economic powerhouse? So far, it seems like they can talk until the sun don't shine but are not able to admit wrongdoing for the good of their people.

 

[Winenut]

Fuck me they can't say it any clearer than this

 

[wombat74]

IMO we clearly have the upper hand here now, the detractors weren't quick enough nor did they work hard enough at the beginning to trick us into legally giving some of it away.

Providing that the ICC is not corrupt (you would f*cking hope it isn't), I am of the opinion we have this in the bag. Now the question remains, do we have to wait this whole thing out for all of the legal proceedings to be completed or is the head of the DRC government going to do something about it by righting the wrongs of state actors and players, admitting defeat and throwing a few under the bus in order to propel the DRC into an economic powerhouse? So far, it seems like they can talk until the sun don't shine but are not able to admit wrongdoing for the good of their people.

Does the Dathomir case in the DRC carry any weight ? You can be sure as sh1t they will be using a judge they can pay off .

 

[Scoota30]

Does the Dathomir case hold any weight ? You can be sure hell they will be using a judge they have paid off .

Do you mean Dathomirs case in the DRC they have requested? In my opinion, nothing that is done internally within the DRC matters in the long term, we now have cases against all actors at the ICC and the harder they try to sneak things through in the DRC, the worse it looks for them at the ICC case, thus improving our likelihood of winning?

I wonder how many of these cases we are able to claim damages for? Maybe that's a pipedream of mine but it would really be the icing on the cake for me if we come out of this by getting paid from these thieving bastards.

 

[taofufa]

I think this anns was well written, with the annoucment of director appointment anns 2 days ago ,let's hope we are heading to the right direction.

Only slight concern I have is - "remain hopeful" doesnt give me a lot of confident.

After this shitfuckery we still have to worry about the free fall of Li spot price ( I just cant see how EV demand is growing and yet they are claiming Li is oversupply, hopefully is another sacremongering from the CCP )

 

[Bin59]

A couple of recent articles from the Alternative Mining Indaba DRC.

A la 7è édition de l'Alternative Mining Indaba RDC : Rose Mutombo, Jean Jacques Kayembe et d'autres panélistes pour la lutte contre la corruption - GEOPOLIS MAGAZINE

Au cours de la 7ème édition de l’Alternative Mining Indaba qui s’est ouverte hier mardi 26 septembre à Kinshasa, les panélistes tout comme les participants ont tous insisté sur l’implication de tout un chacun pour lutter efficacement contre la corruption, un fléau qui freine secteurs d’activités...

geopolismagazine.net

ECONOMY

At the 7th edition of the Alternative Mining Indaba DRC: Rose Mutombo, Jean Jacques Kayembe and other panelists for the fight against corruption​

Byuser1Posted
on September 27, 2023
https://geopolismagazine.net/a-la-7...nelistes-pour-la-lutte-contre-la-corruption/#
https://geopolismagazine.net/a-la-7...nelistes-pour-la-lutte-contre-la-corruption/#
COMMENTS
During the 7th edition of the Alternative Mining Indaba, which opened yesterday Tuesday, September 26 in Kinshasa, panelists and participants all insisted on the involvement of everyone to effectively fight corruption, a scourge that hinders sectors of activity of Congolese society.

Speaking at this forum, the Minister of State in charge of justice and keeping her seals, Rose Mutombo, tried to demonstrate that corruption is a gangrene that kills the judiciary. But she is working on it to overcome this phenomenon.

"Also having the government's criminal policy in the responsibilities, I am setting up a database," she said before pointing out that her teams have already gone down 6 provinces to see in the courts and tribunals the offences that are relevant in the fight against corruption and that are brought before the judges. "You may be surprised. In any case, the rate of corruption cases is almost 0% referral in the 6 provinces," she revealed.

According to her, corruption does exist in the Democratic Republic of Congo and the elements of corruption are clearly visible in Congolese communities and with the authorities. "We note that when courts and tribunals deal with these offences, the majority of cases end either with a filing without follow-up or with une-established files. While the fact brought to the attention of the judges sufficiently proves that there has been corruption," she lamented.

These practices pose a serious problem in the country and challenge more than one person. "This is where we say that it is important that the judiciary can really process these files so that the corruption that plagues our community can find answers," said Minister Rose Mutombo, who believes that the fight against corruption can only succeed with the help of magistrates with the help of magistrates. This is very important. And it is true that there is the judiciary but all institutions must work to find this gangrene that is destroying the country.

Also in this panel, the national coordinator of the Initiative for Transparency in Extractive Industries (EITI), Jean Jacques Kayembe, also intervened to present the work he is doing in the fight against corruption in the mining sector. Above all, he wanted to explain that mining operators enter the DRC through two mechanisms. This is either by signing mining contracts or by obtaining mining titles. "It is in these links of the chain that we must see if there are no risks of corruption. Do the mining contracts signed in 2009 and today not involve risks of corruption?" he wondered.

At the same level, the EITI appreciates that the law on the fight against corruption raises the issue of mine ownership. Are they the real people who enjoy mining in the DRC? "When we establish a register of the real owners of the sites, we could identify the risks of corruption," he explained, adding that the EITI also addresses the issue of politically exposed people. When we talk about mines in the DRC, there is a risk that there will be collusion with politicians and made magistrates. "That is why we were asked to draw up another list of the real people who own the mines. And that we can detect the signs of corruption, "said Jean Jacques Kayembe.

Djodjo Mulamba

Alternative Mining Indaba : Brainstorming à Kinshasa pour assainir le secteur minier - GEOPOLIS MAGAZINE

Les acteurs du secteur minier se sont rassemblés à Rotana Hôtel pour réfléchir sur le secteur minier en République démocratique du Congo. C’est à l’occasion de la 7 ème édition d’Alternative Mining Indaba dont l’ouverture des travaux a eu lieu mardi 26 septembre. Cette 7 ème édition qui se...

geopolismagazine.net

Alternative Mining Indaba: Brainstorming in Kinshasa to clean up the mining sector​

Byuser1Posted
September 27, 2023

Mining sector actors gathered at Rotana Hotel to reflect on the mining sector in the Democratic Republic of the Congo. It was on the occasion of the 7th edition of Alternative Mining Indaba whose work opened on Tuesday, September 26. This 7th edition, which closes this afternoon, focuses on the theme "Promoting good governance and mobilizing mining tax revenues in the context of the energy transition in the DRC". The two-day work program includes 4 plenary sessions and 2 special sessions.

Already, for the work on Tuesday, September 26, the debates revolved around this question: "Is the DRC sufficiently prepared to seize the opportunities that the energy transition should bring?" Although Professor Raphaël Matamba, coordinator of the Technical Cell for Mining Coordination and Planning (CTCPM), who represented the Minister of Mines at this mining conference, replied that "Congo is prepared to play its role and profit in a win-win approach", the debate was not decided.

Experts recalled the global context where fossil fuels are gradually being abandoned in favor of clean, more ecological energies. This is the energy transition. For this transition, the DRC has a role to play. The country holds more than 60% of the world's cobalt reserves. Congo also has the 7th world copper reserve, two components (copper and cobalt) essential in the energy transition. The mining sector in the DRC as a whole had a turnover in 2022, US$30 billion. In 2022, copper production in Congo peaked at more than 2 million tons, and annual cobalt production in 2022 was 115,000 tons.

However, this growth has not produced the expected impact on communities, in terms of development. The mining sector remains undermined by fraud and corruption. On Tuesday, during the debates, 3 challenges were identified to increase tax revenues. There are tax challenges, governance challenges and technical challenges, as highlighted by Professor Raphaël Matamba.
For the second and last day (this Wednesday), the debates will focus, among other things, on the link between the energy transition and mining crafts. It will be a question of scrutinizing to understand to what extent this change that is coming in the extractive industry will be an opportunity in mining crafts.

At the end of the work, recommendations will be made.

Patrick Ilunga

 

[Samus]

Whoever you are, stop ridiculing an entire nation. You give a bad image of the country and your words are not to help the Head of State, especially since you use the photo of the State Company. Be wise.

 

[Carlos Danger]

"AVZ remains in sustained and constructive dialogue with the DRC Government with respect to the grant of the exploitation licence and the withdrawal of the ICSID proceedings. The ICSID Tribunal has not yet been fully constituted and AVZ remains hopeful a resolution can be achieved before further steps need to be taken in the ICSID proceedings"

No chance anything happens until China gets control. The AGM's gonna be wild.

 

[Xerof]

So the first part of ICC case involving Jen Cheng is to be held 5/6 October.

In part this is a general ‘fuck you’ to levertv on X, who claimed it had been moved to end of October. Confirming status as troll.

Good bit of further detail, and pleasing to see Cong and co are now REALLY desperate with their futile attempts to overrule ICC and ISCID cases that are all in train

 

[Remark]

So the first part of ICC case involving Jen Cheng is to be held 5/6 October.

In part this is a general ‘fuck you’ to levertv on X, who claimed it had been moved to end of October. Confirming status as troll.

Good bit of further detail, and pleasing to see Cong and co are now REALLY desperate with their futile attempts to overrule ICC and ISCID cases that are all in train

Levertv is definitely one sus unit

 

[Lucas Don Velor]

Cominiere will do and say anything to sabotage their nation, people and themselves... they're a desperate mess!

 

[Bray]

Arrogant wankers. Gonna learn their fkn lesson soon enough

 

[Mr Inappropriate]

Ann out...

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02717153-6A1170591?access_token=83ff96335c2d45a094df02a206a39ff4

View attachment 45683

There is much to take from this.

• Proof of life, and well-written (a nice change…)
• It provides a clear status on the pending legal actions
• AVZ state as plain as day who the malign actors are
• The last para is a doozy (as Rediah has already noted). The two highlighted phrases below indicate positive progression.
• The ICSID case is our ace in the hole - the only way we are withdrawing it is if shit gets sorted in accordance with the law.

"AVZ remains in sustained and constructive dialogue with the DRC Government with respect to the grant of the exploitation licence and the withdrawal of the ICSID proceedings. The ICSID Tribunal has not yet been fully constituted and AVZ remains hopeful a resolution can be achieved before further steps need to be taken in the ICSID proceedings"

 

[oxxa23]

to be honest, seems really positive... but, so have many prior announcements or conversations... the only facts i can conclude are:

- we may hear some news soon enough on whether jin cheng can have a crack at us or not in ICC (well, at elast that's being consisdered 5-6 oct... not sure on time frame for answer/conclusion)
- dathomir has rushed in a wind up attempt on dathcom (after somehow transferring PR 13359 to Cominiere).... well, i assume and take this as fact... which nowhere near passes the pub test... but, doesn't in itself make it illegal...although, suspect there is illegalities in there...

yes plenty sounds good, but, again, just words and not proven fact... hopefully proven soon enough.

 

[Lucas Don Velor]

There is much to take from this.

• Proof of life, and well-written (a nice change…)
• It provides a clear status on the pending actions
• AVZ state as plain as day her the malign actors are
• The last para is a doozy (as Rediah has already noted). The two highlighted phrases below indicate positive progression.
• The ICSID case is our ace in the hole - the only way we are withdrawing it is if shit gets sorted in accordance with the law.

"AVZ remains in sustained and constructive dialogue with the DRC Government with respect to the grant of the exploitation licence and the withdrawal of the ICSID proceedings. The ICSID Tribunal has not yet been fully constituted and AVZ remains hopeful a resolution can be achieved before further steps need to be taken in the ICSID proceedings"

AVZs transparency and consistency in their approach to legal proceedings should speak volumes to the ICC, ICSID and DRC government.

Once the DRC government witnesses AVZs professional and methodical approach to the obstacles laid before them, they can be rest assured that AVZ will pay the correct taxes, won't fraudulently manipulate profits etc... unlike Zijin, Cominiere and others!

 

[kron]

Arrogant wankers. Gonna learn their fkn lesson soon enough

I sure hope so, if there is any good left in this world. It just baffles me sometimes... Who in their right mind would entertain business dealings/enter a new JV with Cominiere after the behaviors we've seen? There is no emoji for how I feel!

 

[Penskefile]

AVZs transparency and consistency in their approach to legal proceedings should speak volumes to the ICC, ICSID and DRC government.

Once the DRC government witnesses AVZs professional and methodical approach to the obstacles laid before them, they can be rest assured that AVZ will pay the correct taxes, won't fraudulently manipulate profits etc... unlike Zijin, Cominire and others!

Apparently being a legally-abiding corporate citizen doesn’t get you anywhere in countries like DRC. The fact that FT hasn’t stepped in and put an end to this shitshow suggests that he is caught between a rock and a hard place, and if an imminent presidential election isn’t enough to get him moving, then what the hell is?