Luckily Albanese is heading to China early November to sell him some wine, should be all good then.
AVZ Discussion 2022
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Bin59
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In this article Jean-Pierre Okenda, senior analyst, governance of extractive industries in the DRC advocates for changes to impunity in the DRC to penalise people who negotiate unbalanced contracts.
Last updated: 2023/10/24 at 1:28
MinesPublished October 24, 2023
For several decades, the Democratic Republic of Congo has been the victim of a strong depredation of its natural resources. These mafia operations have been at the center of several investigations and investigations, which have not only made it possible to lift the sails on the various thefts perpetrated, but also to discover the imbalance contained in the various contracts directly engaging the Congolese State.
The contract directly engaging the DRC, considered "scandalous" and having been more echoed in recent months is the one signed by the Kabila administration and a group of Chinese companies (GEC) 15 years ago. The Sino-Congolese contract led to the creation of the SICOMINES joint venture.
The contract provided for the granting of cobalt and copper deposits to Chinese companies in exchange for Chinese investments in infrastructure. However, to date Kinshasa considers it "very unfavorable to the country's flagship interests".
After the publication of the report of the General Inspectorate of Finance (IGF) in which several grievances were upheld against the Chinese side and after an internal and external audit of this institution attached to the presidency of the DRC, several voices were raised to demand the revisiting or cancellation of the said contract.
In an exclusive interview granted to the editorial staff of MINES.CD, Jean-Pierre Okenda, senior analyst, governance of extractive industries in the DRC - who has been closely following this file for several years - explained that the problems that the DRC is experiencing with the advent of the contract of the century - which many African countries also know - are related to the negotiation of these contracts.
"It must be said that in general, negotiations are matters that are so technical and complex. And regardless of the countries, we must say that the problems we are experiencing in Congo are problems that many countries in sub-Saharan Africa are experiencing in terms of negotiations, "he said
Regarding the approach to be followed to make the DRC benefit from its resources, Jean-Pierre Okenda believes that there is a need for shock measures aimed at "stopping the hemorrhage of sales of DRC resources to the detriment of Congolese who live in absurd poverty".
As a result, he invited the government to penalize people mandated by the DRC to negotiate contracts in order to avoid impunity in "a country where corruption is increasing and clientelism reigns in the memorandum of understanding of different projects".
"In Congo, this is a given moment, we must strongly penalize people who negotiate badly. We must penalize people who sign contracts that are unbalanced. And we can't continue to go with impunity where people negotiate contracts that are bad, "said Jean-Pierre Okenda.
In addition, these specialists in the extractive industries also said that there are several contracts that include leonier provisions on this and at some point "the cycle of impunity should be broken", so that those who negotiate contracts that go against the interests of the country, "are not quiet or not worried".
DRC: "It takes a certain moment to penalize people who negotiate unbalanced contracts" (J-P Okenda)
Last updated: 2023/10/24 at 1:28
MinesPublished October 24, 2023
For several decades, the Democratic Republic of Congo has been the victim of a strong depredation of its natural resources. These mafia operations have been at the center of several investigations and investigations, which have not only made it possible to lift the sails on the various thefts perpetrated, but also to discover the imbalance contained in the various contracts directly engaging the Congolese State.
The contract directly engaging the DRC, considered "scandalous" and having been more echoed in recent months is the one signed by the Kabila administration and a group of Chinese companies (GEC) 15 years ago. The Sino-Congolese contract led to the creation of the SICOMINES joint venture.
The contract provided for the granting of cobalt and copper deposits to Chinese companies in exchange for Chinese investments in infrastructure. However, to date Kinshasa considers it "very unfavorable to the country's flagship interests".
After the publication of the report of the General Inspectorate of Finance (IGF) in which several grievances were upheld against the Chinese side and after an internal and external audit of this institution attached to the presidency of the DRC, several voices were raised to demand the revisiting or cancellation of the said contract.
In an exclusive interview granted to the editorial staff of MINES.CD, Jean-Pierre Okenda, senior analyst, governance of extractive industries in the DRC - who has been closely following this file for several years - explained that the problems that the DRC is experiencing with the advent of the contract of the century - which many African countries also know - are related to the negotiation of these contracts.
"It must be said that in general, negotiations are matters that are so technical and complex. And regardless of the countries, we must say that the problems we are experiencing in Congo are problems that many countries in sub-Saharan Africa are experiencing in terms of negotiations, "he said
Regarding the approach to be followed to make the DRC benefit from its resources, Jean-Pierre Okenda believes that there is a need for shock measures aimed at "stopping the hemorrhage of sales of DRC resources to the detriment of Congolese who live in absurd poverty".
As a result, he invited the government to penalize people mandated by the DRC to negotiate contracts in order to avoid impunity in "a country where corruption is increasing and clientelism reigns in the memorandum of understanding of different projects".
"In Congo, this is a given moment, we must strongly penalize people who negotiate badly. We must penalize people who sign contracts that are unbalanced. And we can't continue to go with impunity where people negotiate contracts that are bad, "said Jean-Pierre Okenda.
In addition, these specialists in the extractive industries also said that there are several contracts that include leonier provisions on this and at some point "the cycle of impunity should be broken", so that those who negotiate contracts that go against the interests of the country, "are not quiet or not worried".
Olito MUKINZI
Done same also
Cumquat Cap
Regular
Cumquat Cap
Regular
Cumquat Cap
Regular
Goes by Buylowsellhigh - he's been trying to squeak info out of me for ages and likes/shares all of MMGA's stuff - so fuck it, I posted it
antimatter
Regular
Will be good for Season 3 Dirty Money on Netflix.
Bull Market
Member
Received a call to support Avz board recommendations on voting. Good to see they are being proactive in getting the votes needed.
cruiser51
Top 20
MoP told MoM: If you don't do what I told you to do, I get the same haircut as you have, so they can't tell us apart.
Cumquat Cap
Regular
Who called mate? Computer share or an actual avz employee? good to hear
I've muted MMGA on twitter and imagine alot of shareholders don't use twitter so their reach will be fairly limited I would've thought
cruiser51
Top 20
I've got you on ignore on HotCrapper, after you continued to give toilet air and conducted the ridiculous Bill and Ben the idiots of the year show.
If you now feel lonely after toilet was told to fuck off for a while and under deployed and wish to display the same immature behaviour here as well, you will go here on ignore as well.
I am not interested to read that snot.
I hope you understand we don't want TSE become hotcrapper no.2 because you feel lonely mate.
Hodlandwin69
Regular
How many shares you got to get a personal phonecall?
cruiser51
Top 20
If the ICC hearings go against Zijin, they probably want to withdraw anyhow, after the 33.6 million deal and handing back the 15%, that case is dead in the water. They could not win that anyhow.
Next case AVZ vs cominiere is clear as Klondike and cominiere will lose , so that fucks Zijin as well, back to scare one.
next case AVZ vs Dathomir is a lost case for Dathomir.
So if we take a few steps back it is all one huge smoke screen and no more than the newest delaying tactic from Zijin.
You have to be fair Zijin wrote it wasn't sure yet, due to pending court cases.
Why ffs make a big noise followed by we are not sure yet, due to a couple of court cases!
Next case AVZ vs cominiere is clear as Klondike and cominiere will lose , so that fucks Zijin as well, back to scare one.
next case AVZ vs Dathomir is a lost case for Dathomir.
So if we take a few steps back it is all one huge smoke screen and no more than the newest delaying tactic from Zijin.
You have to be fair Zijin wrote it wasn't sure yet, due to pending court cases.
Why ffs make a big noise followed by we are not sure yet, due to a couple of court cases!
Me too. Ring around happening
Got all my AVZ investing friends round the table....4.2 million shares voted no for the pricks who try to steal our assets...
I recommend that every AVZ shareholder informs even the smallest holders to vote....every vote counts!
FUCK Zijin and all the corrupt puppets...Vote!
I recommend that every AVZ shareholder informs even the smallest holders to vote....every vote counts!
FUCK Zijin and all the corrupt puppets...Vote!
Sparrowhawk12
Regular
Anyone with a live HC should keep our Voting Advice high on the thread(s). But which threads? E.g.
Ann: Notice of Annual General Meeting/Proxy Form ?
I've avoided HC for months - don't know which thread(s) best?Bull Market
Member
Just over 500k.
Earlyspeed
Member
Long time AVZ holder and long time TSE/HC lurker. For my moderate holding I have voted per the Board’s recommendation. I have also contacted and helped other retail holders I know to do the same. Unfortunately the wolves are at the door. F@$k corruption and go AVZ! Good luck to all holders
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