Bray
Regular
No wonder Zinjin has done so well, fuckwits are alpha male assholes, they don’t give a shit and will get it done.Just went to the Zijin website:
Zijin Mining was invited to lead the exploration and development of the world-class lithium mine Manono Northeast Project
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2023/10/24 6162
Manono Lithium Mine
This website news On October 23, Zijin Mining obtained the exploration rights for the northeastern Manono lithium project approved by the Ministry of Mines of the Democratic Republic of the Congo. The mine is the world’s largest discovered mine. One of the largest open-pit exploitable lithium-rich LCT (lithium, cesium, tantalum) pegmatite deposits.
Zijin Mining stated that although the Manono Lithium Mine is a "greenfield" project, it is located in a good lithium resource mineralization belt with huge ore prospecting potential. It has the conditions for large-scale open-pit development and good development prospects. Zijin Mining relies on its mature independent geology The prospecting and exploration capabilities are expected to achieve an important breakthrough in the exploration of spodumene pegmatite resources. Zijin Mining will invest sufficient funds and technical support based on actual needs to promote the exploration and development of the project.
It is understood that, following the judgment of the judicial authorities of the Democratic Republic of the Congo and the approval of government agencies, 100% of the exploration rights of the Manono lithium mine No. PR13359 has been returned and registered in the name of COMINIERE (Congolese Mining Development Co., Ltd.). Subsequently, COMINIERE invited the company to cooperate in the exploration and development of the northeastern part of the exploration rights, and the two parties established a joint venture, Manono Lithium Industry.
According to the joint venture agreement, the two parties hold the northeastern part of the exploration right project (No. PR15775 exploration right) through the joint venture Manono Lithium Industry. Zijin Mining holds 61% of the joint venture company through its overseas subsidiary Jinxiang Lithium Industry, and COMINIERE holds 39% equity. The two parties agreed to directly exchange the company's 15% stake in Dathcom for the 61% equity interest in the project company held by Jinxiang Lithium.
The agreement stipulates that Jinxiang Lithium will lead the geological exploration, development, construction and operation management of the project. Previously, Zijin Mining has obtained the development rights of the Mpiana-Mwanga hydropower station near the mining area through public bidding, which will provide sufficient low-carbon power guarantee for the development of the project.
The project plans to complete the project construction as soon as possible within 2 years after the feasibility study and financing plan are determined, and simultaneously build a lithium smelting industrial park. The products will be given priority to downstream enterprises in the Democratic Republic of the Congo in accordance with market-oriented principles. After the project is developed and completed, it will become one of the world's leading lithium production bases and better promote the economic and social development of the Democratic Republic of the Congo.
Zijin Mining actively embraces the new energy revolution and is committed to providing low-carbon mineral raw materials for a better life for mankind. In 2021, it strategically deployed the new energy industry to form the 3Q lithium salt lake in Argentina, the Laguotso Salt Lake lithium mine in Tibet, and Xiangyuan hard rock in Dao County, Hunan. The lithium mine's "two lakes and one mine" pattern controls more than 12.15 million tons of lithium carbonate equivalent, ranking 9th in the world and 3rd in the country. It plans to form a lithium carbonate production capacity of 120,000-150,000 tons in 2025.
Since 2014, Zijin Mining has successively built and put into operation large-scale mines such as the Kolwezi Copper Mine and the Kamoa-Kakula Copper Mine in the Democratic Republic of the Congo, with a cumulative investment of more than US$2 billion and providing more than 6,800 local jobs. Being invited to participate in the project's cooperative exploration and development this time is mainly based on Zijin Mining's efficient construction and operation management capabilities and excellent ESG concepts and practices in the Democratic Republic of the Congo. After the project is developed and completed, it will become one of the world's leading lithium production bases, provide high-quality low-carbon metal raw materials to combat climate change, further promote the economic and social development of the Democratic Republic of the Congo and local communities, and boost Zijin Mining Join the ranks of the world's leading lithium producers.
Thank you very much for the recognition of what Zijin stole, that about 50% of Manono 13359 is worth so much.
It makes it so much more believable to put the real value on the entire project when going for damages.
Several jaws will hit the deck when the damages claim is presented.
Fuck thieving Zijin, they should be kicked out of Australia ASAFP as persona non grata.
We are basically the nerds following the rules getting bullied. They are laughing at us MFs
