AVZ Discussion 2022

[grassseeds]

I hope that AVZ are pushing the DRC Government people to tie up the loose ends and correct the errors that have occurred so that the project can get up and running.

AVZ in the current situation are currently considered as the David in the battle against Goliath. All the interested Chinese companies have been operating in the DRC for some time and would have built up a number of contacts and supporters. Chinese corporations consider the DRC as their backyard and to them, AVZ is an Australian interloper with no experience.

For those people who are not aware of how Chinese Corporations operate you should read Silent Invasion by Clive Hamilton and Red Handed by Peter Schweizer.

In a previous forum, I set out some of the tactics i expected that AVZ would have to contend with. Unfortunately, the Chinese Corporations have continued to undermine AVZ and our BOD will have their work cut out to win the battle.

I assume AVZ are pushing for the following steps which need to be completed in a step by step arrangement.

1. Get the Mining License approved ( with all conditions finalised ) and have the DRC Govt give unequivocal contractual support to ensure that AVZ are the owners of 75% of the project. This step is crucial and essential.
2. Have the DRC Govt rescind the Zijin purchase (if this has been completed)
3. Finalise the sale of the 15% to AVZ. This then gives AVZ 90% of the project.
4. Complete 24% deal with Cath group. AVZ now 66%.

I suspect that Items 2 and 3 may have to be a bargaining chip in which AVZ may not be able to fully achieve. If this has to be a loss AVZ can still have 51% of the project.

AVZ should not come out of suspension until they have achieved at least Step1 and preferably step 3.

As indicated last year on the other forum I would not underestimate the Chinese influence and this project is too large for them not to be in control.

AVZ also have a problem with their own shareholding where a large proportion of stock is held by Chinese Corporations. To counter any lowball takeovers of the project, AVZ needs to ensure that they have enough Directors and shareholders who are supportive of all shareholder interests.

 

[oxxa23]

View attachment 7162
Have a good weekend everyone. What's a couple more days......

Agree, it's wine time

 

[Sammy_da_Smile]

Upset*Fyi, fwiw, To add to my previous post,

Too much high level, country-building and DRC world-building stuff happening now to give the Zijin much airspace.

Felix knows that if he can pull off full vertical integration for EV batteries, the DRC will never look back.

This is his country's generational moment.

It would be inconceivable if Felix didn't bat down anything (illegal) that would hamper something this significant. Genuine progress is being made here, and tbh, reasonably quickly.

Telephone meetings in Feb have turned into in-person meetings with CATL in May. Felix is entering the world stage atm, and I believe he and his ministers are smart enough no know the West is watching, via credit rating boosts, etc. IMO, the recent CATL meeting is the tell; it indicates (to me) the delicate balance of percentages are being taking care of.

I might be dead wrong, but I cannot see how Felix would get his battery hub with mucking around with ownership percentages this late in the game. CATL is Chinese, but they're notable leaders on the world stage and integral to Tesla's success (and other multi-billion dollar companies).

Perhaps, in Felix's mind, vertical integration for his country IS the basic issue and everything else is back-burner.

If this is the case, I would assume continued bullish tone from Nigel.

Let's remember, it all started here, and branched out very rapidly from Dec2021 onwards.

"Study by BloombergNEF (BNEF) on a unified African supply chain estimates that it would cost $39 million to build a 10,000 metric-ton cathode precursor plant in the DRC.

This is three times cheaper than what a similar plant in the U.S. would cost."

*recent dates first,

• CATL has an in-person w/ minister of industry re: battery pilot plant - May 15
• 545m African Dev Bank debt funding package - March27
• UN establishing consultants to establish battery precursor plant in Katanga - March 28
• Feliz jumps on a call with CATL - Feb 12
• DR Congo and Dubai Port world to invest in deep water port - Jan31
• DRC minister of finance announces jump in credit rating - Jan30
• Felix meets with US Dep Security Advisor - Jan 28
• Felix talks with his PM, mining minister and government delegates focus on Li projects in Katanga - Jan22
• Felix tells his ministers to get busy with manufacturing EV batteries in DRC with 3 month window - Dec19

If any of you fools think Felix is going to put up with "snacks," you're misguided.

staypuff​

Food for thought

Frank

The boggling thing is Frank, no word from any DRC officials about any of this right? How can that be so on their watch? Too busy promoting the country all over the world? Lol

Meanwhile us

 

[Dazmac66]

One would expect a mention of such a scandal in the minutes of the weekly meeting of ministers.

 

[solo]

https://us02web.zoom.us/j/89614084510 - live now on Zoom. NGOs + AVZ representative speaking now

 

[LX600]

Anyone know why Simon Cong’s solicitor is there as well? According to Jen

 

[Winenut]

​

The next batch will be in honour of all the shit we've endured - it shall be known as the Community United Neipa Trappist style.
A collaboration to bring the best of new ideas and those steeped in tradition into the one glass.

* I think we should all raise a Glass, maybe honour our little DRC Energizer Bunny ( King Julien ) for all his hard work and commitment to a DRC Pilot Plant and the DRC – Zambia Battery Council by a batch of Home Brew

Julien Paluku describes project to install a pilot plant in the DRC for precursors of electric batteries in Switzerland​

View attachment 7166

The Democratic Republic of Congo was represented by the Minister of Industry Julien Paluku, at the conference on cobalt organized on Tuesday by the firm Cobalt Institute in Zurich, Switzerland.

In his speech to Swiss investors, the Congolese minister presented the ongoing project to install a pilot plant for electric battery precursors in Lubumbashi, in the province of Haut-Katanga.

This is within the framework of the development of a regional value chain for electric vehicles and batteries as well as clean energies.

Julien Paluku, referring to a study conducted by Bloomberg, the Minister of Industry indicated that the DRC remains “the best destination in the world for the industry of electric vehicles and batteries”.

Indeed, the DRC is full of significant reserves of minerals involved in the manufacture of electric vehicles and batteries, including cobalt, lithium, manganese and nickel, said Julien Paluku.

In addition, he took the opportunity to announce that an African Center of Excellence has been set up at the Faculty of Polytechnics of the University of Lubumbashi, in Haut-Katanga with the assistance of Zambia, for the training of a local labor specialized in this type of industry.

His ardent desire is to see this great project boost the economy of the DRC and that of the other African countries concerned by the development strategy of this value chain.

Dubai Expo: Julien Paluku presents the DRC as best destination in the world for electric battery industry thanks to its strategic minerals View attachment 7167​

​

The Democratic Republic of Congo is represented at EXPO 2020 DUBAI by ten members of the Government and fifty economic operators working in all strategic sectors. ​

​

At the Dubai Chamber of Commerce and Industry, held on Monday, March 21, Congolese representatives presented on the opportunities offered by the DRC in all areas, and this, in front of Emirati investors, interested in the potentialities abounds the DRC.​

​

In his speech, Julien Paluku, Minister of Industry, presented the DRC as the best destination in the world for the electric battery industry thanks to its strategic minerals. ​

​

He specified that the DRC is looking for partners so that it can capture part of 8,000 billion US dollars, which represents the market for batteries and vehicles by 2025-2030.​

​

In addition, Julien finds that an industrial zone and a special economic zone must be installed around the port of Banana which will be built by Dubai Port World, because more than 5,000 containers which will dock must return with goods made in the Congo. ​

​

“We need at least 1.9 billion to develop the special economic zones in the DRC. ​

​

The deep water port of Banana will require an interconnection with other industrial zones. ​

​

We are the first country concerning the material used for the manufacture of electric batteries . ​

​

With 39 million USD we can build an electric battery manufacturing plant in the DRC. ​

​

We are the ideal destination for business”, he said.​

​

​

Battery and electric vehicle market: members of the DRC government called upon to play their part as quickly as possible​

The Minister of Industry Julien Paluku, during the 53rd meeting of the Council of Ministers, took stock of the significant progress made in the context of the implementation of the recommendations of the DRC Africa Business Forum, especially with regard to the cooperation with States producing electric battery components.

According to him, the signing of the joint declaration by the Heads of State of the DRC and Zambia on April 29, 2022 in Lusaka preceded by the signing of the cooperation agreement between the two countries represented by their ministers in in charge of industry, mining and finance materialize this joint desire to set up a value chain in the production sector of electric batteries and clean energies.

“Thanks to this cooperation, the two countries will be able to truly play their role in setting the price of cobalt on the international market and thus effectively influence both upstream and downstream input and output markets in the battery and car value chain.

Considering the cross-cutting nature of this project, for which the largest producer of batteries in the world has shown their interest, the plea has been made so that each member of the government in his sphere of competence plays his part as quickly as possible in order to allow the Congolese to truly benefit from the mineral resources of their country”, reports the minutes of the meeting held on Friday, May 13, 2022.

Head of State Félix Tshisekedi and his Zambian counterpart Hakainde Hichilema decided at the end of April to harmonize their development policies and strategies vis-à-vis the mining and industrial sector for the success of the market relating to the establishment of a value chain in the electric battery and clean energy sector.

To do this, they have set up a framework called “Battery Council of the Republic of Zambia and the Democratic Republic of Congo (DRC – Zambia Battery Council).

This agreement between the two countries aims for the joint exploitation of strategic minerals including lithium and cobalt, essential for the manufacture of batteries for electric cars.

It goes without saying that this new vision is part of a development partnership between the two countries.

Copperbelt Katanga Mining - African Copperbelt's Top Mining News

African Copperbelt's Top Mining News

copperbeltkatangamining.com

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View attachment 7174

He certainly seems to be genuine doesn't he Frank

And what he says is exactly what you want to hear from a person in his position

It's the ability to deliver now that is on show

Has the DRC got the resolve, the ability and the unstoppable overwhelming desire to overcome all obstacles and achieve these goals?

I certainly hope so

We're all banking on it....none more than the people of the DRC

 

[Winenut]

Hows your French @Sammael

 

[Winenut]

You in the zoom there @DiscoDanNZ ?

 

[Sparrowhawk12]

https://us02web.zoom.us/j/89614084510 - live now on Zoom. NGOs + AVZ representative speaking now

I'm on. speak a bit of French. But what is this zoom about please?

 

[Samus]

Pretty hopeless and after half a bottle of this pinot it's even worse.
Hopefully Franck is on the case

 

[Winenut]

I'm on. speak a bit of French. But what is this zoom about please?

If you can speak a bit of French maybe you can tell us

 

[Winenut]

My French is officially merde... and unofficially shit

 

[JAG]

If you can speak a bit of French maybe you can tell us

 

[JAG]

View attachment 7180

 

[JAG]

View attachment 7181

 

[BEISHA]

*Fyi, fwiw, To add to my previous post,

Too much high level, country-building and DRC world-building stuff happening now to give the Zijin much airspace.

Felix knows that if he can pull off full vertical integration for EV batteries, the DRC will never look back.

This is his country's generational moment.

It would be inconceivable if Felix didn't bat down anything (illegal) that would hamper something this significant. Genuine progress is being made here, and tbh, reasonably quickly.

Telephone meetings in Feb have turned into in-person meetings with CATL in May. Felix is entering the world stage atm, and I believe he and his ministers are smart enough no know the West is watching, via credit rating boosts, etc. IMO, the recent CATL meeting is the tell; it indicates (to me) the delicate balance of percentages are being taking care of.

I might be dead wrong, but I cannot see how Felix would get his battery hub with mucking around with ownership percentages this late in the game. CATL is Chinese, but they're notable leaders on the world stage and integral to Tesla's success (and other multi-billion dollar companies).

Perhaps, in Felix's mind, vertical integration for his country IS the basic issue and everything else is back-burner.

If this is the case, I would assume continued bullish tone from Nigel.

Let's remember, it all started here, and branched out very rapidly from Dec2021 onwards.

"Study by BloombergNEF (BNEF) on a unified African supply chain estimates that it would cost $39 million to build a 10,000 metric-ton cathode precursor plant in the DRC.

This is three times cheaper than what a similar plant in the U.S. would cost."

*recent dates first,

• CATL has an in-person w/ minister of industry re: battery pilot plant - May 15
• 545m African Dev Bank debt funding package - March27
• UN establishing consultants to establish battery precursor plant in Katanga - March 28
• Feliz jumps on a call with CATL - Feb 12
• DR Congo and Dubai Port world to invest in deep water port - Jan31
• DRC minister of finance announces jump in credit rating - Jan30
• Felix meets with US Dep Security Advisor - Jan 28
• Felix talks with his PM, mining minister and government delegates focus on Li projects in Katanga - Jan22
• Felix tells his ministers to get busy with manufacturing EV batteries in DRC with 3 month window - Dec19

If any of you fools think Felix is going to put up with "snacks," you're misguided.

staypuff​

Food for thought

Frank

Your following post was very timely, cause my temperature metre was getting rather with your previous post with Paluku stating DRC was the best destination for a pilot plant / battery hub in front of a swiss audience no less, touting for partners to realise the dream, yet in the back drop, the reality is , Zijin doing its level best to screw over AVZ, who rightfully own 75% of the biggest and best grade lithium deposit in the world to make that battery hub dream possible in the first place !!

I gotta say, I am getting sick and tired of all these conferences of happy faces , how the hell they can look prospective investors in the eye, whilst there is a deep shroud of skull duggery going on behind the scenes has got me completely fuming.

On top of that, the mention of " Port Banana" had me thinking of Craig Mclachlan fornicating behind the scenes in front of his cast members of the ROCKY HORROR SHOW.......

Didnt that prick get a BIG FU today ?

KARMA

 

[Sammy_da_Smile]

I'm there as.....

 

[Spikerama]

I joined but exited very quickly when the mic feedback happened because it blew up my ears ffs.

 

[Sammy_da_Smile]

Anyone game to ask a question?