AVZ Discussion 2022

[BEISHA]

Chinese State-owned Zijin Mining Under International Scrutiny
Laura Solano6 days ago
File photo. A man walks past the stand of Zijin Mining Group during an expo in Tianjin, China, September 24, 2016. Zijin faces scrutiny worldwide for its poor environmental record, among other concerns. (Photo: Li Shengli/Imaginechina via AFP)

In a world where business activities are under constant global scrutiny, Zijin Mining, a Chinese state-owned company specializing in gold and lithium mining, stands out as a symbol of persistent concerns about its impact and operating practices in Latin America and beyond, Radio FM Bolivia reported.

Its track record is tainted by allegations of labor exploitation, environmental damage, and safety deficiencies. But beyond its operations, Zijin’s close relationship with the Chinese Communist Party casts an additional shadow over its actions in nations with loose regulations, Argentine news site Infobae reported.

“This is due to the close connection of these companies with the government of Xi Jinping, whose authoritarian leadership seeks to expand them in the Belt and Road initiative,” Luis Fleischman, professor of sociology and political science at Palm Beach State University in Florida, told Diálogo on September 5. “This expansion has a political purpose: to strengthen global Chinese influence in Latin America.”

The state-owned mining giant under the sphere of influence of the Chinese government, acts as the main executor of Beijing’s ambitious strategy to acquire natural resources on a global scale, Infobae reported.

Tres Quebradas

In 2016, Zijin entered Argentina through its subsidiary Liex to develop the Tres Quebradas project in Catamarca, investing $450 million. Until August 2023, about $70 million were disbursed. However, the company faces investigation for allegedly over-invoicing imports of lithium mining machinery, Argentine platform La Política Online (LPO) reported on August 6.

According to Argentine daily Página 12, the Chinese company registered purchases of identical goods at prices much higher than market prices. A triangulation via Hong Kong would have been used, involving more than $5 million.

In November 2022, the Chinese firm’s lithium pilot plant was closed by the mining police of Catamarca, due to anomalies with chemical residues. In addition, according to LPO, workers at the mine salts said to work 12-hour daily for paltry wages. They do not have adequate equipment to handle chemicals and lack access to water for personal hygiene.

“Governments must demand that Chinese companies comply with the law,” said Fleischman. “Now, our hope for protecting the environment and preventing human and strategic mineral exploitation lies in the hands of governments. If they don’t act, problems will arise.”

Fleischman added that countries that place more value on respecting international guidelines, such as the United States, Canada, and Europe, will follow them as is their custom. However, if the governments of the nations where Chinese companies invest do not show interest, international law will not be able to sanction these companies.

Buriticá too

In Buriticá, Antioquia, Colombia, Zijin exploits the largest gold deposits. To obtain Colombian gold, the Chinese government-backed company faces conflict with local miners, and clashes with the Clan del Golfo criminal group, Radio FM Bolivia reported. Added to this are fiscal and environmental problems.

China is pressuring the Colombian government to provide additional protection to Zijin in the midst of this conflict, even suggesting the possibility of withdrawing the company and other investments from the country if its demands are not met, Radio FM Bolivia reported. The Zijin story is a narrative marked by controversy and opacity.

As is often the case in every country with Chinese influence, the ambassador acts as the main defender of Chinese interests and seeks to strengthen its operations through an “army.” Some suggest that Zijin may hire foreign mercenaries to protect its interests, according to Infobae.

“Corruption plays an attractive role for Chinese investors, similar to the power of drug traffickers, by buying the loyalty of politicians or judges while undermining state integrity,” Fleischman said. “Corruption drags down government quality.”

Constant conflict

Chinese companies not only create problems in Latin America, but in other parts of the world as well.

In Serbia, for example, Chinese negligence has affected the village of Bor. The inhabitants are protesting toxic air and water. Zijin manages the large-scale copper smelting and mining complex in that town without permits or official authorization, the Asia Financial newspaper reported.

In 2020, Zijin warned Papua New Guinea that, if its government did not renew the environmental license at the Porgera gold mine, bilateral relations with China would be damaged, Reuters reported. Papua New Guinea refused to extend the mining lease for 20 years, citing environmental damage and social unrest. Following Chinese pressure, on March 31, 2023, the Papuan government signed a new agreement.

Against their people

Chinese companies treat local people similarly to how they treat their own people. Their attitude toward their own citizens is indifferent, and that same attitude is reflected in their treatment internationally. “They don’t see citizens as people, they see them as subjects,” Fleischman said.

In 2018, a copper mine in Zujin, in China’s Fujian province, polluted the Tingjian River with toxic waste, generating an environmental disaster with a profound impact on local communities, investigative journalism platform Dialogo Chino reported.

“The environmental issue is global in scope and concerns everyone. Cooperation is crucial among the nations involved. If this issue continues to be politicized our progress will suffer. If governments view China as a savior or investor of choice, they must recognize that the health of their citizens and the environment are not a priority for China,” Fleischman concluded

Couldnt agree more regards to that article about China / Zijin.

China is pressuring the Colombian government to provide additional protection to Zijin in the midst of this conflict, even suggesting the possibility of withdrawing the company and other investments from the country if its demands are not met.

I wonder if that is the case regards to China /Zijin / FT / Kibeya/ Manono.....

Considering DRC is almost completely reliant on chinese investment, that would be a sticky situation , especially in a electoral year but as i said previously about that topic, i am pretty sure " the gringos" and the europeans would be esctatic and more than happy to fill the investing gap and possibly wipe some debts out in order to get a better leveredge with the critical minerals DRC has to offer.

China would be the big loser in the end.........not DRC.

imo

 

[BEISHA]

Ok, let’s play nearest the pin on this WA court case AVZ v fuck tail

My thoughts:

Fat tail sought shareholder details INCLUDING email addresses

AVZ said fuck off

Fat Tail went to lower court, and won

AVZ are now appealing re having to supply emails (today

After directions today, it will be pushed to a formal case and might take a while for decision to be bought down, 30 November is a good date for me AVZ will lose but hey, too late

Just having a thought on this Wa court case AVZ v Fat Tail.....

Why would the AVZ bod give a shit about Fat Tail ( MMGA movement ) if there was indeed a deal in the works with " sustained, constructive dialogue with DRC Govt with respect to the explotation license and the withdrawal of the ICSID proceedings "

Or is it just a matter of hedging your bets ?

imo

 

[BEISHA]

I'll answer their email with images of a small bald man kicking them in the balls, followed by images of ripping their heads off and pissing down the open holes.

We all can spam the fuck out of their email address and return the favour by flooding their inbox until their server and isp completely fails.

Treat them like you would for a SCAM call......

 

[Winenut]

Just having a thought on this Wa court case AVZ v Fat Tail.....

Why would the AVZ bod give a shit about Fat Tail ( MMGA movement ) if there was indeed a deal in the works with " sustained, constructive dialogue with DRC Govt with respect to the explotation license and the withdrawal of the ICSID proceedings "

Or is it just a matter of hedging your bets ?

imo

I think that irrespective of anything happening with the DRC Govt the BoD must do absolutely everything in their power to hinder and ultimately stop anyone from MMGA from getting on the board of AVZ

Even if we get the ML if any of those slimy MMGA puppets are on the board of AVZ they will continue to agitate and press their agenda

And the agenda of MMGA and the stooges involved is to ensure the Manono Project is sold to their Chinese backers for an absolute pittance in return for massive personal rewards in the nature of M&A fees, commissions, personal payments etc etc

Make no mistake Huljich, Carrick and Ludbrook and the shareholders of Fat Tail Holdings intend to sell current AVZ shareholders down the absolute fucking river in return for massive personal rewards provided by Cong and others

Don't worry ol' Tommy Dickheadson will be on the payroll too (and don't forget Eckhof) for playing their part in what has clearly become a hostile takeover attempt through nefarious, corrupt and ultimately criminal means

It must get the attention of the Australian Government, FIRB, Federal Police, ASIC, ASX etc etc

This is a massively orchestrated hostile attempt to strip current shareholders of their investment in AVZ and sell the project to Chinese interests for next to nothing for the massive personal gain of a few

It is sickening and the filthy bottom feeders noted above that are participating in it for their own massive personal benefit have no moral compass between them and would collectively crawl over broken glass and their dead mother's lifeless body for 5 cents

 

[cruiser51]

Just having a thought on this Wa court case AVZ v Fat Tail.....

Why would the AVZ bod give a shit about Fat Tail ( MMGA movement ) if there was indeed a deal in the works with " sustained, constructive dialogue with DRC Govt with respect to the explotation license and the withdrawal of the ICSID proceedings "

Or is it just a matter of hedging your bets ?

imo

Me thinks there is absolutely zero trust in anything the DRC government says, they even don't honour their own laws.

Don't forget there only seems to be some movement at the door because the ICSID case slowly comes nearer, like a full Pilbara iron ore train without brakes.

 

[Dom1974]

If there are already 6 on the Board, even if all three muppets are voted in and brings total to 9, they would never have a majority on any Board decisions. Doesn’t this reduce or even eliminate the risk of Board selling to Chinese?

 

[Winenut]

If there are already 6 on the Board, even if all three muppets are voted in and brings total to 9, they would never have a majority on any Board decisions. Doesn’t this reduce or even eliminate the risk of Board selling to Chinese?

No...

 

[Winenut]

If there are already 6 on the Board, even if all three muppets are voted in and brings total to 9, they would never have a majority on any Board decisions. Doesn’t this reduce or even eliminate the risk of Board selling to Chinese?

If any of them make it onto the Board they will be privy to every single board strategy, activity, piece of information about AVZ and it's dealings and every single piece of that intel will go DIRECTLY back to their masters (make no mistake DIRECTLY back to their masters) who would then formulate further strategies to bring about the ultimate outcomes aligned to their agenda

Any MMGA associate in any capacity on or near the AVZ board is an absolute fucking cancer

 

[Dom1974]

Us shareholders would then 249D any MMGA associates on the Board as many times as it takes until they resign. If they don’t, it would go to an EGM for vote each time. Rinse and repeat until they get the message. Pain in the arse yes and costly, but an option.

 

[Winenut]

Us shareholders would then 249D any MMGA associates on the Board as many times as it takes until they resign. If they don’t, it would go to an EGM for vote each time. Rinse and repeat until they get the message. Pain in the arse yes and costly, but an option.

Then best those fuckers don't get there in the first place....

 

[BEISHA]

I think that irrespective of anything happening with the DRC Govt the BoD must do absolutely everything in their power to hinder and ultimately stop anyone from MMGA from getting on the board of AVZ

Even if we get the ML if any of those slimy MMGA puppets are on the board of AVZ they will continue to agitate and press their agenda

And the agenda of MMGA and the stooges involved is to ensure the Manono Project is sold to their Chinese backers for an absolute pittance in return for massive personal rewards in the nature of M&A fees, commisssions, personal payments etc etc

Make no mistake Huljich, Carrick and Ludbrook and the shareholders of Fat Tail Holdings intend to sell current AVZ shareholders down the absolute fucking river in return for massive personal rewards provided by Cong and others

Don't worry ol' Tommy Dickheadson will be on the payroll too (and don't forget Eckhof) for playing their part in what has clearly become a hostile takeover attempt through nefarious, corrupt and ulitmately criminal means

It must get the attention of the Australian Government, FIRB, Federal Police, ASIC, ASX etc etc

This is a massively orchestrated hostile attempt to strip current shareholders of their investment in AVZ and sell the project to Chinese interests for next to nothing for the massive personal gain of a few

It is sickening and the filthy bottom feeders noted above that are participating in it for their own massive personal benefit have no moral compass between them and would collectively crawl over broken glass and their dead mother's lifeless body for 5 cents

Me thinks there is absolutely zero trust in anything the DRC government says, they even don't honour their own laws.

Don't forget there only seems to be some movement at the door because the ICSID case slowly comes nearer, like a full Pilbara iron ore train without brakes.

Very good points and well said.

 

[wombat74]

If any of them make it onto the Board they will be privy to every single board strategy, activity, piece of information about AVZ and it's dealings and every single piece of that intel will go DIRECTLY back to their masters (make no mistake DIRECTLY back to their masters) who would then formulate further strategies to bring about the ultimate outcomes aligned to their agenda

Any MMGA associate in any capacity on or near the AVZ board is an absolute fucking cancer

Felix promoting CKK after point blank evidence of his corruption is of equal concern . Promoting CKK after Marius Mihigo was supposedly setting the record straight .

 

[Dom1974]

I reckon Felix will take out the trash after the election if he wins. Adele, CK, Sama for starters. Lisette will be spared given family relation.

 

[Mr Inappropriate]

Just having a thought on this Wa court case AVZ v Fat Tail.....

Why would the AVZ bod give a shit about Fat Tail ( MMGA movement ) if there was indeed a deal in the works with " sustained, constructive dialogue with DRC Govt with respect to the explotation license and the withdrawal of the ICSID proceedings "

Or is it just a matter of hedging your bets ?

imo

All risks need to be managed. Until such time as we see the ML written in stone and blood then this and every other matter needs to be treated as an existential threat.

We must to continue to pursue all protective measures, including this action and the ICSID case.

Zijin.will.never.ever.stop.ever.

#FuckZijin

 

[Roon]

I reckon Felix will take out the trash after the election if he wins. Adele, CK, Sama for starters. Lisette will be spared given family relation.

I can understand FT keeping on Adele for political purposes, and Sama also, but I hardly see the electoral benefit that he could gain from promotion of CKK. It was a clear sign in my view that he is not on AVZ's side. That doesn't necessarily mean he's on the other side either, he may just have been hoodwinked as he was earlier during Covid by our opponents, but it's not an action that you'd think would be taken by someone who understands the situation and is thus amenable to our interests. I don't buy the argument that he's setting him up for a fall either.

 

[Dom1974]

Who knows? CKK may have mafia connections or close ties to political heavyweights that make it difficult for Felix to act appropriately. Just find it weird that CKK got promoted after IGF. I’m hoping that Felix hands were tied vs not giving a rats and against AVZ.

 

[Carlos Danger]

Felix promoting CKK after point blank evidence of his corruption is of equal concern . Promoting CKK after Marius Mihigo was supposedly setting the record straight .

I can understand FT keeping on Adele for political purposes, and Sama also, but I hardly see the electoral benefit that he could gain from promotion of CKK. It was a clear sign in my view that he is not on AVZ's side. That doesn't necessarily mean he's on the other side either, he may just have been hoodwinked as he was earlier during Covid by our opponents, but it's not an action that you'd think would be taken by someone who understands the situation and is thus amenable to our interests. I don't buy the argument that he's setting him up for a fall either.

Speaking as someone that hyped up lions all of last summer my opinion is that Felix is CORRUPT AS FUCK

From last years AGM:

We want to be a transformative resources company, delivering long term benefits for all stakeholders

Serge and Balthazar are critical pieces of the puzzle – presenting us to government and moving forward through a difficult time

Have 48mil in the bank, and we intend to have a 3-month rolling approval for budget. If things turn to the worst, we’ll take the decision to cut back on budget and save cash.

DFS numbers well and truly out of date now – due to prices spiking massively.

75% ownership totally undisputable. Can’t listen to any of the nonsense going on with third parties trying to claim percentages. We’ll be going to the next level in defending this if need be.

Capital requirements likely over US$600m now, even for 4.5 mpta plant.

Infrastructure is something we need to get sorted, to mobilize our equipment

Despite best efforts of people in country that say we don’t have the hydro facility – its undisputable that we do, its under the MOU and we are the one’s who will be refurbishing it. We’ll fight tooth and nail to keep M-P

Awakening the monster – still asleep now until ML, but it’ll be a game changer.

Good news coming in in the future on strip ratio

RD focus - very clean product. Old pegmatite boundary was being hidden, and a larger peg boundary now means more tonnes can come into the pit design.

Drilling programme for RD ongoing – 4 drill rigs operating 24/7. This will keep going until resource completed. We believe this will be a good boost for reserve tonnes, and strip ration.

We were looking at about a 20% LCE market share, based on demand, which could go higher.

We still retain first right of refusal of Cominere’s remaining percentage. “we will be purchasing that 15% if the hurdles are removed, as long as number is right”

C’s must cede its 10% to the government – under our JV agreement

Very confident of maintaining majority ownership moving forward.

We went into trading halt originally because of short selling campaign, and then decided to stay to protect shareholder value

Enemies doing a very good hatchet job on us in country, but that’s turning around

Don’t believe Jin Cheng have a leg to stand on – we’ll be taking them to task

We’ll be defending Dathomir – won’t be held up much longer. Legally we are on a very strong footing. Pretty sure it will be a positive outcome for us. It was only after we’d received the share certificates that they started messing around with legal actions

CATH meeting with us next week, to have an update. CATH still very keen

Intend to stay in suspension until ML delivered. No point in coming out without it and allowing short sellers to beat the price down.

Sustainability and ESG a main focus. Even though well be a bit of a black startup due to calcination needs, but that will be eased over time

DFI’s still at the table, still keen to get involved, and have large checkbooks interested in opening to us when ML delivered, and data rooms reopened

Funding should be well and truly covered - and can get more if required

We’ll be looking for additional O/Ts as expand – looking for geographical diversity

 

[wombat74]

Speaking as someone that hyped up lions all of last summer my opinion is that Felix is CORRUPT AS FUCK

From last years AGM:

We want to be a transformative resources company, delivering long term benefits for all stakeholders

Serge and Balthazar are critical pieces of the puzzle – presenting us to government and moving forward through a difficult time

Have 48mil in the bank, and we intend to have a 3-month rolling approval for budget. If things turn to the worst, we’ll take the decision to cut back on budget and save cash.

DFS numbers well and truly out of date now – due to prices spiking massively.

75% ownership totally undisputable. Can’t listen to any of the nonsense going on with third parties trying to claim percentages. We’ll be going to the next level in defending this if need be.

Capital requirements likely over US$600m now, even for 4.5 mpta plant.

Infrastructure is something we need to get sorted, to mobilize our equipment

Despite best efforts of people in country that say we don’t have the hydro facility – its undisputable that we do, its under the MOU and we are the one’s who will be refurbishing it. We’ll fight tooth and nail to keep M-P

Awakening the monster – still asleep now until ML, but it’ll be a game changer.

Good news coming in in the future on strip ratio

RD focus - very clean product. Old pegmatite boundary was being hidden, and a larger peg boundary now means more tonnes can come into the pit design.

Drilling programme for RD ongoing – 4 drill rigs operating 24/7. This will keep going until resource completed. We believe this will be a good boost for reserve tonnes, and strip ration.

We were looking at about a 20% LCE market share, based on demand, which could go higher.

We still retain first right of refusal of Cominere’s remaining percentage. “we will be purchasing that 15% if the hurdles are removed, as long as number is right”

C’s must cede its 10% to the government – under our JV agreement

Very confident of maintaining majority ownership moving forward.

We went into trading halt originally because of short selling campaign, and then decided to stay to protect shareholder value

Enemies doing a very good hatchet job on us in country, but that’s turning around

Don’t believe Jin Cheng have a leg to stand on – we’ll be taking them to task

We’ll be defending Dathomir – won’t be held up much longer. Legally we are on a very strong footing. Pretty sure it will be a positive outcome for us. It was only after we’d received the share certificates that they started messing around with legal actions

CATH meeting with us next week, to have an update. CATH still very keen

Intend to stay in suspension until ML delivered. No point in coming out without it and allowing short sellers to beat the price down.

Sustainability and ESG a main focus. Even though well be a bit of a black startup due to calcination needs, but that will be eased over time

DFI’s still at the table, still keen to get involved, and have large checkbooks interested in opening to us when ML delivered, and data rooms reopened

Funding should be well and truly covered - and can get more if required

We’ll be looking for additional O/Ts as expand – looking for geographical diversity

100% agree. Felix is a Chinese puppet . Apparently CKK is the cousin of a heavy hitter . Untouchable ? Hence the promotion . A big f--k you to AVZ . If the ICC verdict goes ignored then we will know we are up sh1t creek . They are hoping the MMGA gets up and makes all the legal proceedings go away . IMO

 

[BEISHA]

Speaking as someone that hyped up lions all of last summer my opinion is that Felix is CORRUPT AS FUCK

From last years AGM:

We want to be a transformative resources company, delivering long term benefits for all stakeholders

Serge and Balthazar are critical pieces of the puzzle – presenting us to government and moving forward through a difficult time

Have 48mil in the bank, and we intend to have a 3-month rolling approval for budget. If things turn to the worst, we’ll take the decision to cut back on budget and save cash.

DFS numbers well and truly out of date now – due to prices spiking massively.

75% ownership totally undisputable. Can’t listen to any of the nonsense going on with third parties trying to claim percentages. We’ll be going to the next level in defending this if need be.

Capital requirements likely over US$600m now, even for 4.5 mpta plant.

Infrastructure is something we need to get sorted, to mobilize our equipment

Despite best efforts of people in country that say we don’t have the hydro facility – its undisputable that we do, its under the MOU and we are the one’s who will be refurbishing it. We’ll fight tooth and nail to keep M-P

Awakening the monster – still asleep now until ML, but it’ll be a game changer.

Good news coming in in the future on strip ratio

RD focus - very clean product. Old pegmatite boundary was being hidden, and a larger peg boundary now means more tonnes can come into the pit design.

Drilling programme for RD ongoing – 4 drill rigs operating 24/7. This will keep going until resource completed. We believe this will be a good boost for reserve tonnes, and strip ration.

We were looking at about a 20% LCE market share, based on demand, which could go higher.

We still retain first right of refusal of Cominere’s remaining percentage. “we will be purchasing that 15% if the hurdles are removed, as long as number is right”

C’s must cede its 10% to the government – under our JV agreement

Very confident of maintaining majority ownership moving forward.

We went into trading halt originally because of short selling campaign, and then decided to stay to protect shareholder value

Enemies doing a very good hatchet job on us in country, but that’s turning around

Don’t believe Jin Cheng have a leg to stand on – we’ll be taking them to task

We’ll be defending Dathomir – won’t be held up much longer. Legally we are on a very strong footing. Pretty sure it will be a positive outcome for us. It was only after we’d received the share certificates that they started messing around with legal actions

CATH meeting with us next week, to have an update. CATH still very keen

Intend to stay in suspension until ML delivered. No point in coming out without it and allowing short sellers to beat the price down.

Sustainability and ESG a main focus. Even though well be a bit of a black startup due to calcination needs, but that will be eased over time

DFI’s still at the table, still keen to get involved, and have large checkbooks interested in opening to us when ML delivered, and data rooms reopened

Funding should be well and truly covered - and can get more if required

We’ll be looking for additional O/Ts as expand – looking for geographical diversity

Aaagh, its refreshing to read about stock, even tho it has corrupt elements in it.........

Looking forward to the day, ML is granted and we can all chat about the phases of construction, leading to production numbers and ultimately , dividends.

What a dream that would be....

imo

 

[TLH]

Is there anything shareholders can do prior to AGM to stop the MMGA clowns from running for collusion concerns?
Emails, petition?
Besides voting it would be nice to know we are doing all we can to support our BOD’s.
Seems like just a distraction and there is no chance of them getting up but a lot of unknowns..hoping Friday’s court case was all about getting them removed.