AVZ Discussion 2022
- Thread starter GazDix
- Start date
Carlos Danger
Top 20
Sorry my bad you were talking about the new split not the old splitCominiere accused us of fraud
According to DLA Piper under a Société Anonyme structure we can approve the waiver with a 2/3 majority. Cominiere's arguement is that AVZ only had 60% when it was done.
We may have good legal standing but is that enough for something like this when the RCCM says we have 60%?
View attachment 51333
Quorum requirements for shareholder and board meetings in France - DLA Piper Guide to Going Global
www.dlapiperintelligence.com
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Although if it is all good legally we still gave it away. Mining code says it goes back to the state for the tender process. There is no legal pathway for the applicant retaining the area. Management said it would be part of a new JV so obviously they got played by Mupande and have been trying to catch up ever since.
And I swear you said recently that offer was on the table at some point. I just got home from the gym so will have a look soon. Fair enough if not but clearly that is what Zijin, Cominiere and the key decision makers in the DRC government want. They would have signed the MoU before the AGM if they wanted us to have the north. Instead they waited to see if MMGA could deliver a 'more equitable' outcome.
Although surely Zijin and Cominiere would bite our hands off we said give us back the middle ground and you have a deal
Winenut
Go AVZ!
With the MMGA goons out of the way (for the time being) I hope the good people of Manono, the DRC and LTSH's of AVZ can co-ordinate the very best campaign across every single platform to bring about the change that provides the absolute best outcome for all stakeholders.
Without a doubt it requires the heads of the DRC Government and all of its leaders and agencies and departments to immediately cease participating in the corruption sponsored by China and its state controlled entities like Zijin
It is as simple as that.............it is as simple as that......
The DRC and all its people deserve better than self interested, vile and corrupted individuals in power selling the future of their fellow DRC citizens out for a pittance, gold watches and trinkets to Chinese (Zijin state owned) foreign interests that will absolutely pillage the country and have it remain a colonized and impoverished nation in perpetuity
Wake up Felix
Wake up
Dream time is over
Without a doubt it requires the heads of the DRC Government and all of its leaders and agencies and departments to immediately cease participating in the corruption sponsored by China and its state controlled entities like Zijin
It is as simple as that.............it is as simple as that......
The DRC and all its people deserve better than self interested, vile and corrupted individuals in power selling the future of their fellow DRC citizens out for a pittance, gold watches and trinkets to Chinese (Zijin state owned) foreign interests that will absolutely pillage the country and have it remain a colonized and impoverished nation in perpetuity
Wake up Felix
Wake up
Dream time is over
Cumquat Cap
Regular
What's CATL's next move I wonder?
Detractors are pushing the narrative they will side with Zijin etc - highly doubtful
Detractors are pushing the narrative they will side with Zijin etc - highly doubtful
Hope they do. That’ll be $20m break fee in the kitty and no need to rely on Locke.
DiscoDanNZ
Regular
Hodlandwin69
Regular
Why would there be a break fee? They can just play both sides. It clear they don't care who wins, they just want the Lithium. It will be AVZ that has to break contract and will be liable for $20 mil fee
9cardomaha
Regular
Hodlandwin69
Regular
Was a legit answer but ok.
Why would Cath break contract with avz and pay 20mil? They wouldn't imo. If AVZ breaks contract, they would be the ones liable to pay Cath 20 mil.
Caths TIA is with AVZ, not the Board and voting against them doesn't change anything.
Even if they support Zijin, why would they have to cancel there TIA, unless there's some conflict of interest clause which I don't know, if so I retract my statement.
9cardomaha
Regular
My ?que? was legit - you say why would CATH break contract, but then why would AVZ?
Don't think AVZ would break contract either right? your logic can be applied both ways?
We don;t like them, they don;t like us. no one wants to pay 20mil break fee, we can still get funding even if they are cunts, blah blah.
Don't go conflating ideas please....
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Hodlandwin69
Regular
Yeh, apologies for the misunderstanding. I don't think AVZ will break contract. I was making a point to whoever I replied to originally as they were saying Cath will pay avz 20mil for contract break.
9cardomaha
Regular
Edit: yeah man all good, just keeping it real. call it like i see it but no hard feelings ya know
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Samus
Top 20
Moise Katumbi, the Devil the Democratic Republic of Congo Doesn't Want
By Brian Smith
Kleptocracy is a problem that plagues developing nations (in fairness, the first world is not immune either). Governments' interests are supposed to lie in the betterment of their people, not its leaders. When officials place their individual gain over the collective good, fraudulent priorities and illicit behavior drive government's action. This results in poor services for a nation's citizens. Scarce dollars available for infrastructure projects such as sewage and irrigation systems, roads maintenance, school construction and other public works are delayed or diverted to line leaders' own pockets.
In the Democratic Republic of Congo, the self-exiled kleptocrat and presidential aspirant Moisé Katumbi knows this all too well. As the Governor the mineral-rich Katanga Province, Katumbi gained great material wealth while he engaged in corrupt schemes to avoid taxes, export duties that would help develop the country he pretends to love. But in Katumbi's mind, DRC has always been for sale. More than 40 years ago, the bloody Congolese dictator Mobutu Sese Seko hand-picked the Katumbi family to be part of the ruling class. In his quest to maintain power, Mobutu worked to control strategic assets and industries—and the Katumbi family was in the fisheries and shipping business. After all, food and logistics are both very important everywhere, but more so in the developing world. From there, Moisé Katumbi spent years being educated around the world—learning about $5,000 suits and private jets. Rather than live the life of a patriot and invest in civil society, Moisé Katumbi has chosen the path of self-enrichment at every opportunity. It's no wonder Katumbi believes the DRC is for sale.
Profiting off of government connections runs in the Katumbi family. Raphael Soriano, Moise Katumbi's brother, was hired by the government of Zambia to represent the country during a $100 million arms and equipment contract negotiation. Soriano was given wide discretion by the Zambian government to secure the deal, and arranged a lucrative fee for himself as the middleman. Funds were deposited into a foreign bank account that belonged to Katumbi's wife, Betti. After payment was made but goods failed to be delivered, Zambian officials realized $20 million was siphoned off by Soriano. Zambia's Attorney General sued Katumbi's wife and his half-brother for restitution, accusing them of laundering the $20 million in a phony arms deal.
Despite having scammed Zambia already, Soriano and Katumbi were recently involved in another corrupt arms deal with Zambia. Despite its precarious fiscal condition, Zambian President Edgar Lungu put off urgent government projects to quickly find the money for the deal.
Soriano also stands to gain billions from a lucrative deal with the Angolan government which just awarded him a budget of $60 billion to build nearly 600,000 homes.
Last year Katumbi was fined $6 million by a Congolese court for profiting off of a questionable real estate deal. As Katumbi angles to return to the Congo and run for president, perhaps his promise of higher wages and economic opportunity is for himself and his family, not the Congolese people.
www.washingtontimes.com
By Brian Smith
Kleptocracy is a problem that plagues developing nations (in fairness, the first world is not immune either). Governments' interests are supposed to lie in the betterment of their people, not its leaders. When officials place their individual gain over the collective good, fraudulent priorities and illicit behavior drive government's action. This results in poor services for a nation's citizens. Scarce dollars available for infrastructure projects such as sewage and irrigation systems, roads maintenance, school construction and other public works are delayed or diverted to line leaders' own pockets.
In the Democratic Republic of Congo, the self-exiled kleptocrat and presidential aspirant Moisé Katumbi knows this all too well. As the Governor the mineral-rich Katanga Province, Katumbi gained great material wealth while he engaged in corrupt schemes to avoid taxes, export duties that would help develop the country he pretends to love. But in Katumbi's mind, DRC has always been for sale. More than 40 years ago, the bloody Congolese dictator Mobutu Sese Seko hand-picked the Katumbi family to be part of the ruling class. In his quest to maintain power, Mobutu worked to control strategic assets and industries—and the Katumbi family was in the fisheries and shipping business. After all, food and logistics are both very important everywhere, but more so in the developing world. From there, Moisé Katumbi spent years being educated around the world—learning about $5,000 suits and private jets. Rather than live the life of a patriot and invest in civil society, Moisé Katumbi has chosen the path of self-enrichment at every opportunity. It's no wonder Katumbi believes the DRC is for sale.
Profiting off of government connections runs in the Katumbi family. Raphael Soriano, Moise Katumbi's brother, was hired by the government of Zambia to represent the country during a $100 million arms and equipment contract negotiation. Soriano was given wide discretion by the Zambian government to secure the deal, and arranged a lucrative fee for himself as the middleman. Funds were deposited into a foreign bank account that belonged to Katumbi's wife, Betti. After payment was made but goods failed to be delivered, Zambian officials realized $20 million was siphoned off by Soriano. Zambia's Attorney General sued Katumbi's wife and his half-brother for restitution, accusing them of laundering the $20 million in a phony arms deal.
Despite having scammed Zambia already, Soriano and Katumbi were recently involved in another corrupt arms deal with Zambia. Despite its precarious fiscal condition, Zambian President Edgar Lungu put off urgent government projects to quickly find the money for the deal.
Soriano also stands to gain billions from a lucrative deal with the Angolan government which just awarded him a budget of $60 billion to build nearly 600,000 homes.
Last year Katumbi was fined $6 million by a Congolese court for profiting off of a questionable real estate deal. As Katumbi angles to return to the Congo and run for president, perhaps his promise of higher wages and economic opportunity is for himself and his family, not the Congolese people.
Moise Katumbi, the Devil the Democratic Republic of Congo Doesn't Want
In the Democratic Republic of Congo, the self-exiled kleptocrat and presidential aspirant Moisé Katumbi knows this all too well. As the Governor the mineral-rich Katanga Province, Katumbi gained great material wealth while he engaged in corrupt schemes to avoid taxes, export duties that would...
Opposition candidates jostle for position before DRC election
Contenders yet to unite around a single figure who could challenge incumbent Félix TshisekediPatrick Wintour Diplomatic editor
Mon 4 Dec 2023 16.30 AEDT
Africa’s fourth most populous country, the mineral-rich Democratic Republic of the Congo, goes to the polls in three weeks’ time with a civil war raging, two international peacekeeping forces starting to depart and an EU electoral observers’ mission quitting after the government refused to let them use their own satellite phones.
In a country with a history of stolen elections, the chances of preventing the incumbent president, Félix Tshisekedi, from securing a second five-year term turn on the ability of the diverse opposition to unite around a single credible candidate.
There are 24 candidates in the field, including Denis Mukwege, a Nobel peace prize-winning gynaecologist; Floribert Anzuluni, a banker turned grassroots activist; Aggrey Ngalasi, a pastor; Moïse Katumbi, who was barred from the country to prevent him from standing in the 2018 elections; and Martin Fayulu, a former oil executive from whom the presidency was widely seen to have been stolen in 2018.
There is only one woman in the contest, Marie-Josée Ifoku, who like almost all the candidates promises to tackle a predatory state. Longstanding corruption surrounding diamonds in DRC has expanded into lithium and cobalt, the minerals necessary to power the green energy revolution.
A fragmented opposition in a single first-past-the-post ballot greatly favours the incumbent, so much so that Anzuluni claims 15 of the candidates were “created by the regime”.
He said: “It’s clear amongst the opposition we need to create a coalition, but the coalition has to share the same values and agree on a broad political programme that tackles a system in which the political actors see politics as a profit-making enterprise.”
His consultations with civil society show security is voters’ top concern.
Talks were held in mid-November in Pretoria between a group of leading candidates to see if they could coalesce around a single figure, but so far no consensus exists.
The already fragile hopes that the poll on 20 December will be conducted lawfully were damaged last Tuesday when the EU announced it was withdrawing its 42-strong team of electoral experts. The mission, headed by a leftwing Swedish MEP, Malin Björk, had been seeking to bring in their own communications equipment and phones but the government said this breached a protocol.
Six of the leading opposition candidates had already complained about the proximity of the independent national electoral commission to Tshisekedi, as well as about delays in publishing voter rolls, a mass of defective identification cards, and a lack of police protection for their campaigns.
The commission is committed to publishing the results of the vote, polling station by polling station, a step that will make it easier for party election agents and a politically activist Catholic church to monitor the tallying process.
Voters have good reasons to be suspicious.
In the 2018 elections, an enthusiastic civil society seemed to have grabbed a chance to end the corruption by overwhelmingly rejecting the former president Joseph Kabila’s handpicked successor, Tshisekedi, and instead backing Fayulu.
However, after an apparent deal with Kabila, Tshisekedi was pronounced the winner. Fayalu’s efforts to declare the result invalid were fruitless.
The latest presidential election and local elections take place against the background of a surge in fighting in the east of the country, appalling exploitation in lucrative copper and cobalt mines and the imminent departure of two peacekeeping forces – the 15,000-strong UN peacekeeping operation Monuscu and a seven-nation East African Community force.
The EAC mandate is due to expire on Friday, barely a year after the force arrived on its first military intervention, leaving a potentially dangerous security vacuum. The first Kenyan forces in the EAC mission flew out of Goma at the weekend. Monuscu will be gone early in 2024.
Tshisekedi complained that the EAC was not acting on its mandate to force the armed groups present in the east, including the March 23 group, to lay down their arms. DRC is convinced that the M23 is funded and armed by Rwanda. Human Rights Watch has accused the M23 of numerous war crimes and has called for the organisation and any backers in Rwanda to be put on a UN sanctions list.
Fayalu and Katumbi are drawing probably the larger crowds among the contenders, but it is not clear if they would be allowed to win, or even if the elections will go ahead.
Remark
Top 20
Kiki Kienge
@KiengeKki
2h
#MinesRDC
#Manonolithium
"You have to know that we from @IgfRdc, if we publish a report, we must believe since we are the truth. The question of the #COMINIERE, it is a group of incorrigible financial offenders." @ALINGETEJULES_K
@Presidence_RDC
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