Ohhh Frank that post made me all warm and fuzzy inside .
AVZ Discussion 2022
- Thread starter GazDix
- Start date
While Gina gets $840 million in handouts for her lithium and rare earth investments AVZ are at risk of being reamed by the Chinese for the sake of 20-30 mill.
www.crikey.com.au
reneweconomy.com.au
Labor rolls the red carpet out for Gina and her flatlining investments
Gina Rinehart whines about the government being mean to her. But that was before two of her lithium investments scored big from taxpayers.
www.crikey.com.au
Rinehart-backed lithium and rare earths projects rake in more than $1 billion in federal funding
Two projects backed by Australia’s richest woman will get federal funding of more than $1 billion to supercharge battery supply chain.
reneweconomy.com.au
Last edited:
BRICK
Regular
How about the death sentance for corruption....
BRICK
Regular
That would be an ASX announcement id love to see....
Highlights:
The BOD are please to announce that xy & z officials have now been liquidated....
Xerof
Biding my Time 1971
Accusations from an NGO, already accused of being political fake news, but IMO, probably close to the mark
Cumquat Cap
Regular
Is this a new IGF document or old news?
TheCount
Regular
Page 1:
11:12
PRESS RELEASE...
JUSTICIA Asbl
of and defense of the rights of / and humanitarian international. : avenue .4doula corner of the factories. Katanga commune:
Sir neb
PRESS RELEASE N0006/JUST/2024
EMERGENCY TO CLEAN UP THE BUSINESS CLIMATE AND
DEPOLITIZE SUBCONTRACTING IN THE DRC’S MINING SECTOR
JUSTICIA Asbl, an organization for the promotion and protection of human and humanitarian rights based in the Democratic Republic of Congo, calls on the Congolese government to improve the business climate in the mining sector by warning of the risk of a social and economic crisis which could have incalculable consequences on the economic recovery of the country and further delay its development following the deterioration of the business climate which has become less conducive to encouraging serious and responsible investors in the mining sector, in particular, as well as the diversification of other sectors of activity.
for JUSTICIA Asbl, the Congolese Government seems not to be able to meet the challenge of diversifying economic activities due to the absence of effective and coherent strategies to encourage investors to rush to the door of the DRC for its industrialization.
Despite the fact that the price of copper on the world market has increased significantly and that the red metal has become too coveted than production capacity, the DRC is still struggling to attract large mining investors or mobilize sufficient income to revive its economy.
It should always be emphasized that the new legislative framework (revised mining code and regulations) contains several advances and innovations which, if better applied, would contribute to improving the governance of the mining sector and bring significant economic and social benefits for citizens. In addition, it is appropriate to paraphrase Albert YUMA, former president of the FEC, who pertinently questioned himself during the reflections organized in the year of the entry into force of the new mining code and regulations: “the The State benefited from exceptional tax revenues generated by extremely high prices. Has this lastingly changed the daily lives of the Congolese?
Indeed, we have learned from surveys carried out among mining operators in Greater Katanga that a crisis due to the decline in mining activity is hitting the DRC's copper-cobalt sector hard while the lithium sector has been weighed down since 2021 by the intrusion of the Chinese company ZIJIN, supported by COMINIERE and officials identified by IGF, in a disputed manner and denounced by the Report of the Finance Inspectorate, a service dependent on the Presidency of the Republic, in the company Dathcom Mining in Manono which was on track with the Australians of AVZ Minerals to place the country among the major producers of this strategic and critical mineral.
Furthermore, it is to be welcomed that the General Company of Cobalt (EGC) was finally able to obtain the designation of two pilot sites for its supply of artisanal ores.
I According to the report of the Congolese Government Council of Friday 04/21/2023. the Minister of Finance. Nicolas KAZADI had indicated to the members of the Council. that the International Monetary Fund (IMF) and the World Bank have encouraged the Congolese government to continue investments in the infrastructure sector and reforms aimed at improving/environmenting business to further favor the private sector and reduce the dependence of the economy on the mining sector .
11:12
PRESS RELEASE...
JUSTICIA Asbl
of and defense of the rights of / and humanitarian international. : avenue .4doula corner of the factories. Katanga commune:
Sir neb
PRESS RELEASE N0006/JUST/2024
EMERGENCY TO CLEAN UP THE BUSINESS CLIMATE AND
DEPOLITIZE SUBCONTRACTING IN THE DRC’S MINING SECTOR
JUSTICIA Asbl, an organization for the promotion and protection of human and humanitarian rights based in the Democratic Republic of Congo, calls on the Congolese government to improve the business climate in the mining sector by warning of the risk of a social and economic crisis which could have incalculable consequences on the economic recovery of the country and further delay its development following the deterioration of the business climate which has become less conducive to encouraging serious and responsible investors in the mining sector, in particular, as well as the diversification of other sectors of activity.
for JUSTICIA Asbl, the Congolese Government seems not to be able to meet the challenge of diversifying economic activities due to the absence of effective and coherent strategies to encourage investors to rush to the door of the DRC for its industrialization.
Despite the fact that the price of copper on the world market has increased significantly and that the red metal has become too coveted than production capacity, the DRC is still struggling to attract large mining investors or mobilize sufficient income to revive its economy.
It should always be emphasized that the new legislative framework (revised mining code and regulations) contains several advances and innovations which, if better applied, would contribute to improving the governance of the mining sector and bring significant economic and social benefits for citizens. In addition, it is appropriate to paraphrase Albert YUMA, former president of the FEC, who pertinently questioned himself during the reflections organized in the year of the entry into force of the new mining code and regulations: “the The State benefited from exceptional tax revenues generated by extremely high prices. Has this lastingly changed the daily lives of the Congolese?
Indeed, we have learned from surveys carried out among mining operators in Greater Katanga that a crisis due to the decline in mining activity is hitting the DRC's copper-cobalt sector hard while the lithium sector has been weighed down since 2021 by the intrusion of the Chinese company ZIJIN, supported by COMINIERE and officials identified by IGF, in a disputed manner and denounced by the Report of the Finance Inspectorate, a service dependent on the Presidency of the Republic, in the company Dathcom Mining in Manono which was on track with the Australians of AVZ Minerals to place the country among the major producers of this strategic and critical mineral.
Furthermore, it is to be welcomed that the General Company of Cobalt (EGC) was finally able to obtain the designation of two pilot sites for its supply of artisanal ores.
I According to the report of the Congolese Government Council of Friday 04/21/2023. the Minister of Finance. Nicolas KAZADI had indicated to the members of the Council. that the International Monetary Fund (IMF) and the World Bank have encouraged the Congolese government to continue investments in the infrastructure sector and reforms aimed at improving/environmenting business to further favor the private sector and reduce the dependence of the economy on the mining sector .
TheCount
Regular
Page 2:
11:13
PRESS RELEASE...
In the following lines, we attempt to provide an overall diagnosis of the causes underlying the decline in mining activity (1), before formulating recommendations (2).
1. THE CAUSES OF THE DECLINE IN MIMERE ACTIVITY
The causes of the decline in mining activity are largely linked to the gloomy political and social context from which the DRC has suffered for decades. Without going into detail, we highlight some more recent causes below:
A. Injunctions from the Congolese government to mining operators to pay taxes in advance for the fiscal years 2024-2025
The Congolese government is using mining companies to pay advances on taxes3 and taxes for the years 2024 and 2025. According to our investigations, these colossal sums would help finance the urgent activities of the institutions resulting from the elections of December 2023. Several sources confided to JUSTICIA Asbl that these practices are commonplace and previous governments had used them to finance projects (quick impact finance such as the recent so-called 100-day projects implemented when President FĂ©lix TSHISEKEDI took office in 2019. However, several mining companies do not have enough liquidity to respond favorably to the Congolese government's request.
B. Poor management of subcontracting in the mining sector
The Congolese government has made the exclusivity of the Congolese in mining subcontracting4, governed by law no. 017/001, its real hobby horse.
Following the revitalization of the Regulatory Authority for Subcontracting in the Private Sector (ASRP), its new Director, visibly dynamic but also having personal interests in the mining field through nominee companies, would have imposed on large mining companies a list of around 40 so-called Congolese companies for subcontracting. Around thirty of these companies would be non-viable and would have neither the expertise nor the financial and technical resources necessary to provide quality services to mining operators. While the other ten companies would be made up either of his own companies or those of members of the family of President FĂ©lix TSHISEKEDI or other personalities who are members of the political parties in power.
These companies, most of which were created recently, also do not have proven experience in their sectors of intervention, but have the advantage of benefiting from some high-ranking political support and can take advantage of this to obtain loans from of the Industry Promotion Fund (FPI).
As a result, mining companies are often forced to award subcontracting contracts to these unqualified companies as part of the implementation of their mining operations. Certain projects, such as the paving of Route Munua, an extension of Golf Faustin in Lubumbashi, which have been financed for almost two years without any work having begun.6 Certain Asian companies, on the other hand, have reportedly found mechanisms to circumvent the law on subcontracting by placing a few Congolese as nominees in front of companies created by themselves.
Article 220 of the new Mining Code lists taxes. taxes. rights and royalties that taxpayers are required to pay to I in accordance with the terms provided for by the Code.
Ministerial decree nool 14/CA.MlN. OF April 17, 2013 relating to the subcontracting of mining activities in
DRC
Read the article from I Afrique Intelligent on this subject entitled DRC: In I Zex Katanga. the far-west mining of the Tshisekedi clan05,02/2024.
In its citizen control bulletin-lRDH, '202003/004. I TRDH gives as an example: the Annex Commune where the mining companies CDM Mining and (Société Minière Katanga) are located. the funds for the construction of the Kipopo wall • have been collected every year since 2019 by a certain company TC of a certain Miguel Kasha[ But it is still impractical. workers remain in the phase
11:13
PRESS RELEASE...
In the following lines, we attempt to provide an overall diagnosis of the causes underlying the decline in mining activity (1), before formulating recommendations (2).
1. THE CAUSES OF THE DECLINE IN MIMERE ACTIVITY
The causes of the decline in mining activity are largely linked to the gloomy political and social context from which the DRC has suffered for decades. Without going into detail, we highlight some more recent causes below:
A. Injunctions from the Congolese government to mining operators to pay taxes in advance for the fiscal years 2024-2025
The Congolese government is using mining companies to pay advances on taxes3 and taxes for the years 2024 and 2025. According to our investigations, these colossal sums would help finance the urgent activities of the institutions resulting from the elections of December 2023. Several sources confided to JUSTICIA Asbl that these practices are commonplace and previous governments had used them to finance projects (quick impact finance such as the recent so-called 100-day projects implemented when President FĂ©lix TSHISEKEDI took office in 2019. However, several mining companies do not have enough liquidity to respond favorably to the Congolese government's request.
B. Poor management of subcontracting in the mining sector
The Congolese government has made the exclusivity of the Congolese in mining subcontracting4, governed by law no. 017/001, its real hobby horse.
Following the revitalization of the Regulatory Authority for Subcontracting in the Private Sector (ASRP), its new Director, visibly dynamic but also having personal interests in the mining field through nominee companies, would have imposed on large mining companies a list of around 40 so-called Congolese companies for subcontracting. Around thirty of these companies would be non-viable and would have neither the expertise nor the financial and technical resources necessary to provide quality services to mining operators. While the other ten companies would be made up either of his own companies or those of members of the family of President FĂ©lix TSHISEKEDI or other personalities who are members of the political parties in power.
These companies, most of which were created recently, also do not have proven experience in their sectors of intervention, but have the advantage of benefiting from some high-ranking political support and can take advantage of this to obtain loans from of the Industry Promotion Fund (FPI).
As a result, mining companies are often forced to award subcontracting contracts to these unqualified companies as part of the implementation of their mining operations. Certain projects, such as the paving of Route Munua, an extension of Golf Faustin in Lubumbashi, which have been financed for almost two years without any work having begun.6 Certain Asian companies, on the other hand, have reportedly found mechanisms to circumvent the law on subcontracting by placing a few Congolese as nominees in front of companies created by themselves.
Article 220 of the new Mining Code lists taxes. taxes. rights and royalties that taxpayers are required to pay to I in accordance with the terms provided for by the Code.
Ministerial decree nool 14/CA.MlN. OF April 17, 2013 relating to the subcontracting of mining activities in
DRC
Read the article from I Afrique Intelligent on this subject entitled DRC: In I Zex Katanga. the far-west mining of the Tshisekedi clan05,02/2024.
In its citizen control bulletin-lRDH, '202003/004. I TRDH gives as an example: the Annex Commune where the mining companies CDM Mining and (Société Minière Katanga) are located. the funds for the construction of the Kipopo wall • have been collected every year since 2019 by a certain company TC of a certain Miguel Kasha[ But it is still impractical. workers remain in the phase
TheCount
Regular
Page 3:
1:13
PRESS RELEASE...
Regarding mineral transport, the Société Nationale des Chemins de Fer (SNCC) is struggling to resume service. There are almost no locomotives and railway infrastructure suitable for this. The only possibility of transporting ores is by road, which a few Congolese have the machinery in the mines to transport raw materials. In addition, the transport of minerals by truck promotes environmental pollution, several cases of which have already been documented in the provinces of Haut-Katanga and Lualaba.
g. The presence of soldiers without service bulletin on mining sites
Several companies in the region have decried the presence of soldiers from the Congolese Armed Forces (FARDC) on their sites despite multiple calls for orders from the Chief of General Staff of the FARDC. By their presence, these encourage the theft of minerals by mining cooperatives which would benefit from the influence of members of the presidential family, in many cases. There are hundreds of trucks filled with ores that leave all day long in full view of the technical services working in the mining sector, to the detriment of the mining operators who observe this predation with complete helplessness even though they have rights to the permit. granted to them by the Congolese government. But in addition, the presence of soldiers on the mines leads to multiple human rights violations which risk calling into question the efforts made by the Congolese government to adhere to the International Initiative on Voluntary Principles on Security and Human Rights. 'man.8
To date, the estimated number of soldiers present on the mining sites of Haut Katanga and Lualaba is between 5,000 and 10,000 men and more than a hundred elements of the Republican Guard.
On April 13, 2019, President Felix TSHISEKEDI held a security council in Lubumbashi during which he strictly prohibited any presence of ineligible military and police officers in the mines. In application of this resolution, the Chief of Staff of the FARDC and even the General Military Auditor had taken circular notes which all remained dead letters, so that to these days, there are still soldiers and elements of the Republican Guard for the surveillance of certain mining sites which belong to individuals with ties to the presidential family.
2. RECOMMENDATIONS
To the President of the Republic, FĂ©lix Antoine TSHISEKEDI
To contribute to a better clean-up of the business climate by instructing all the services involved not to engage in influence peddling without reason
To ensure that members of his family are not directly or indirectly involved in mineral trafficking under the cover of illicit artisanal mining.
To ensure that its instructions given for the withdrawal of ineligible soldiers and police officers from mining sites do not suffer from any restriction.
To the Government
To support the ASRP in remaining a technical and special body of the government responsible for promoting subcontracting in the private sector and ensuring that it remains apolitical and that its leaders do not have a conflict of interest.
To take drastic measures to continue to improve the business climate with a view to encouraging serious and major mining investors to develop projects in the DRC
To ensure that all natural or legal persons who invade mining sites granted to third parties can free them and be prosecuted for theft of the
s In May 2023, the DRC formally recognized a member of the Voluntary Principles on Security and Human Rights Initiative after having deposited its instruments of membership with the international secretariat.
1:13
PRESS RELEASE...
Regarding mineral transport, the Société Nationale des Chemins de Fer (SNCC) is struggling to resume service. There are almost no locomotives and railway infrastructure suitable for this. The only possibility of transporting ores is by road, which a few Congolese have the machinery in the mines to transport raw materials. In addition, the transport of minerals by truck promotes environmental pollution, several cases of which have already been documented in the provinces of Haut-Katanga and Lualaba.
g. The presence of soldiers without service bulletin on mining sites
Several companies in the region have decried the presence of soldiers from the Congolese Armed Forces (FARDC) on their sites despite multiple calls for orders from the Chief of General Staff of the FARDC. By their presence, these encourage the theft of minerals by mining cooperatives which would benefit from the influence of members of the presidential family, in many cases. There are hundreds of trucks filled with ores that leave all day long in full view of the technical services working in the mining sector, to the detriment of the mining operators who observe this predation with complete helplessness even though they have rights to the permit. granted to them by the Congolese government. But in addition, the presence of soldiers on the mines leads to multiple human rights violations which risk calling into question the efforts made by the Congolese government to adhere to the International Initiative on Voluntary Principles on Security and Human Rights. 'man.8
To date, the estimated number of soldiers present on the mining sites of Haut Katanga and Lualaba is between 5,000 and 10,000 men and more than a hundred elements of the Republican Guard.
On April 13, 2019, President Felix TSHISEKEDI held a security council in Lubumbashi during which he strictly prohibited any presence of ineligible military and police officers in the mines. In application of this resolution, the Chief of Staff of the FARDC and even the General Military Auditor had taken circular notes which all remained dead letters, so that to these days, there are still soldiers and elements of the Republican Guard for the surveillance of certain mining sites which belong to individuals with ties to the presidential family.
2. RECOMMENDATIONS
To the President of the Republic, FĂ©lix Antoine TSHISEKEDI
To contribute to a better clean-up of the business climate by instructing all the services involved not to engage in influence peddling without reason
To ensure that members of his family are not directly or indirectly involved in mineral trafficking under the cover of illicit artisanal mining.
To ensure that its instructions given for the withdrawal of ineligible soldiers and police officers from mining sites do not suffer from any restriction.
To the Government
To support the ASRP in remaining a technical and special body of the government responsible for promoting subcontracting in the private sector and ensuring that it remains apolitical and that its leaders do not have a conflict of interest.
To take drastic measures to continue to improve the business climate with a view to encouraging serious and major mining investors to develop projects in the DRC
To ensure that all natural or legal persons who invade mining sites granted to third parties can free them and be prosecuted for theft of the
s In May 2023, the DRC formally recognized a member of the Voluntary Principles on Security and Human Rights Initiative after having deposited its instruments of membership with the international secretariat.
TheCount
Regular
Page 4:
11:13
PRESS RELEASE...
your aro•rs were named after.C avorr aepos ses instruments.' aanesron at seereranar internanonar.
mineral substances belonging to others.
To ensure the diversification of economic activities with a view to effectively relaunching the country's development, because the population will not eat up the mines.
To accelerate the reform of SNEL and adequately finance its operations with a view to making it more competitive and able to provide a good service to the population and mining companies.
To grant facilities to economic operators who want to invest in the production and marketing of electrical energy
To ensure the application of legal labor provisions so that the treatment of workers in subcontracting companies is done in a fair and balanced manner.
To mining companies
To support the economy of the DRC by implementing mining legislation in good faith, especially those relating to the repatriation to the DRC of 40% of exports, the exclusivity of subcontracting to the Congolese, the required participation of 'at least 10% of Congolese during the creation of a mining company, the signing and financing of specifications,
Done in Kinshasa, 03/15/2024
For JUSTICIA Asbl
Master Timothée MBUYA
President
11:13
PRESS RELEASE...
your aro•rs were named after.C avorr aepos ses instruments.' aanesron at seereranar internanonar.
mineral substances belonging to others.
To ensure the diversification of economic activities with a view to effectively relaunching the country's development, because the population will not eat up the mines.
To accelerate the reform of SNEL and adequately finance its operations with a view to making it more competitive and able to provide a good service to the population and mining companies.
To grant facilities to economic operators who want to invest in the production and marketing of electrical energy
To ensure the application of legal labor provisions so that the treatment of workers in subcontracting companies is done in a fair and balanced manner.
To mining companies
To support the economy of the DRC by implementing mining legislation in good faith, especially those relating to the repatriation to the DRC of 40% of exports, the exclusivity of subcontracting to the Congolese, the required participation of 'at least 10% of Congolese during the creation of a mining company, the signing and financing of specifications,
Done in Kinshasa, 03/15/2024
For JUSTICIA Asbl
Master Timothée MBUYA
President
TheCount
Regular
Page 5:
11:13
PRESS RELEASE...
'The well-kept mess in this area. the excess of zeal sometimes shown by the Regulatory Authority for subcontracting in the private sector (ASR"), in addition to political interference, cannot in any way promote the new economic and social class targeted by the law on subcontracting nor ensure the development and sustainability of the mining industry, the backbone of the Congolese economy, indicates Maitre Timothée MBUYX President of JUSTICIA Asbl
According to several Congolese economic operators, you must have political, friendly or family ties in the high echelons of political power to claim subcontracting contracts in the mining sector.
These days, subcontracting is akin to a modern form of slavery to the extent that there are unacceptable differences in treatment between the workers of the main company and those of the subcontractor for whom the end of contract can intervene at any time without substantial compensation. From this point of view, subcontracting appears as a mechanism for enriching the owners of subcontracting companies to the detriment of workers who have no social protection.
C. Difficulties affecting mining companies
Several companies have had trouble, particularly with Congolese authorities and for purely political reasons. These are mining companies in which political figures who are not members of the Sacred Union are suspected of holding stakes in the share capital.
Some companies were suspended and others saw their operating permits withdrawn following strong political pressure allegedly exerted by members of the family of President FĂ©lix TSHISEKEDI on the mining administration. Other companies have been shaken because they are suspected of contracting with subcontracting companies allegedly owned by political opponents. Even some company CEOs who resisted these pressures were forced to tiptoe out of the country.
E. The opacity of mining operations: an obstacle to community development
In recent years, although efforts have been made to fight for transparency in the management of revenues from mining companies, other, much more important issues still remain and some bad practices are hard to come by. These include, among other things, the signing of mining contracts and agreements between the Congolese government and its partners without taking into account the populations living near the mining sites or allowing them to directly benefit from the fallout from certain positive negotiations.
for JUSTICIA Asbl, for example, within the framework of the agreement reached between GĂ©camines and the Chinese group CMOC, the government should clarify the share which would accrue to the inhabitants of Fungurume and Tenke of the sum of 800,000,000 S that TFM would pay at GĂ©camines.
It is the same for what the inhabitants of Kolwezi would gain in the jackpot of 7 billion US dollars that SICOMINES would pay following the renegotiation of the contract with the DRC as the Head of State announced in his speech. inauguration of January 20, 2024.
F. Insufficient energy and inadequate mineral evacuation routes
The development of the mining industry goes hand in hand with the supply of electrical energy. On this precise point, the DRC is lagging behind unimaginably despite its great hydroelectric potential.
By 2018-2022, the Congolese government intended to continue providing production units with access to electricity for urban and rural populations. To date, apart from the Busanga hydroelectric dam and a few micro-dams built by private parties, the action of the Congolese government to improve electrical energy supply is almost non-existent.
The National Electricity Company, being a shadow of itself, the Inga 2 and Inga 3 projects are still suffering from implementation and the Government seems not to be able to finance and support micro-dam construction projects. which would support the mining sector.
Read This topic DRC: I the miner of the Clan
11:13
PRESS RELEASE...
'The well-kept mess in this area. the excess of zeal sometimes shown by the Regulatory Authority for subcontracting in the private sector (ASR"), in addition to political interference, cannot in any way promote the new economic and social class targeted by the law on subcontracting nor ensure the development and sustainability of the mining industry, the backbone of the Congolese economy, indicates Maitre Timothée MBUYX President of JUSTICIA Asbl
According to several Congolese economic operators, you must have political, friendly or family ties in the high echelons of political power to claim subcontracting contracts in the mining sector.
These days, subcontracting is akin to a modern form of slavery to the extent that there are unacceptable differences in treatment between the workers of the main company and those of the subcontractor for whom the end of contract can intervene at any time without substantial compensation. From this point of view, subcontracting appears as a mechanism for enriching the owners of subcontracting companies to the detriment of workers who have no social protection.
C. Difficulties affecting mining companies
Several companies have had trouble, particularly with Congolese authorities and for purely political reasons. These are mining companies in which political figures who are not members of the Sacred Union are suspected of holding stakes in the share capital.
Some companies were suspended and others saw their operating permits withdrawn following strong political pressure allegedly exerted by members of the family of President FĂ©lix TSHISEKEDI on the mining administration. Other companies have been shaken because they are suspected of contracting with subcontracting companies allegedly owned by political opponents. Even some company CEOs who resisted these pressures were forced to tiptoe out of the country.
E. The opacity of mining operations: an obstacle to community development
In recent years, although efforts have been made to fight for transparency in the management of revenues from mining companies, other, much more important issues still remain and some bad practices are hard to come by. These include, among other things, the signing of mining contracts and agreements between the Congolese government and its partners without taking into account the populations living near the mining sites or allowing them to directly benefit from the fallout from certain positive negotiations.
for JUSTICIA Asbl, for example, within the framework of the agreement reached between GĂ©camines and the Chinese group CMOC, the government should clarify the share which would accrue to the inhabitants of Fungurume and Tenke of the sum of 800,000,000 S that TFM would pay at GĂ©camines.
It is the same for what the inhabitants of Kolwezi would gain in the jackpot of 7 billion US dollars that SICOMINES would pay following the renegotiation of the contract with the DRC as the Head of State announced in his speech. inauguration of January 20, 2024.
F. Insufficient energy and inadequate mineral evacuation routes
The development of the mining industry goes hand in hand with the supply of electrical energy. On this precise point, the DRC is lagging behind unimaginably despite its great hydroelectric potential.
By 2018-2022, the Congolese government intended to continue providing production units with access to electricity for urban and rural populations. To date, apart from the Busanga hydroelectric dam and a few micro-dams built by private parties, the action of the Congolese government to improve electrical energy supply is almost non-existent.
The National Electricity Company, being a shadow of itself, the Inga 2 and Inga 3 projects are still suffering from implementation and the Government seems not to be able to finance and support micro-dam construction projects. which would support the mining sector.
Read This topic DRC: I the miner of the Clan
he sat at home for the full covid crisis on full pay ( and I still believe thats where we lost this thing ). Its a bad metric.
Its a fact, Nigel said so at 2022 AGM, Covid period was when the dark lords hatched their plan to steal manono, create a negative image to FT that AVZ wasnt capaple of developing ( even tho we achieved 3 technical approvals ) , was derelict in our duties and other bull shit.
Fact remains, if FT was closely monitoring the development of Manono ( the crown jewel of mining projects and ultimate catalyst to his lithium hub dream ), then he would of realised the dark lords were feeding him bullshit, but alas, he was too occupied flying here , there and everywhere spruiking DRC as the ultimate investment destination .......
You cant blame AVZ bod for being instructed to go back home to Australia for Covid protocals and as Nigel stated......." We knew China would continue to try and under mine us, but we had no idea DRC govt would be complicit"
Apart from AVZ bod being negligent in their DISCLOSURE obligations, the real culprits in our demise so far is Dathomir, Zijin, Cominiere and that useless, gutless, incompetent president FT!
We are now into March 2024, FT re elected for another 4 yrs, so cant use politics anymore as a excuse for sitting on his hands regards to Manono...
What is Ft priorities in lifting his nation out of the gutter ?
Its obvious to everyone what it is, .........the lithium hub dream, cant do that without sorting out the stranded RD, CDL wont be in production anytime soon despite Zijin illegally having 8 rigs on the go, yet here we all are........about to celebrate , oops, commiserate nearly 24 months of oblivion.
Dave Evans
Regular
Following these recommendations, its the perfect time to up the pressure to the DRC on Twitter @TheCount. I know you’ve seen these before, feel free to use them, they’re trying to block me
2. RECOMMENDATIONS
To the President of the Republic, FĂ©lix Antoine TSHISEKEDI
1) “To contribute to a better clean-up of the business climate by instructing all the services involved not to engage in influence peddling without reason”
Like the peddling done by Vidiye Tshimanga (pictured below with Marius Mihigi) who was sentenced to jail for 3 years for fraud and influence peddling and was released 6 days later
2) “To ensure that members of his family are not directly or indirectly involved in mineral trafficking under the cover of illicit artisanal mining”
Like Tony Kanku Shiku, Tshisekedi’s cousin’s son and Tshisekedi’s personal advisor (pictured on the left, below in discussions with Tshisekedi, Graeme and our legal team). No surprise to me they tried to falsify evidence against Graeme when Tony Kanku is said to be part of a Katanga mining mafia
3) “To take drastic measures to continue to improve the business climate with a view to encouraging serious and major mining investors to develop projects in the DRC”
Here’s a few good reasons for the DRC and its Courts to improve the business climate and encourage investors, ICC, ICSID, World Bank, IMF
4) “To ensure that all natural or legal persons who invade mining sites granted to third parties can be prosecuted for theft”
Especially this corrupt fuckwit
5) “In May 2023, the DRC formally recognized a member of the Voluntary Principles on Security and Human Rights Initiative after having deposited its instruments of membership with the international secretariat”
Reports from several media sources indicated that Zijin Mining in Africa has committed bribery, fraud, threatening journalist with death, human rights violations in Kolwezi, evicting residents in Kolwezi, negligence resulting in death of Guyana workers, performing works without approval of the authorities
https://thestockexchange.com.au/threads/zijin-operating-with-impunity-in-drc.250325/
Last edited:
Dave Evans
Regular
TheCount
Regular
Yeah, plenty of whingers don’t bother to continue the real fight and those always find a negative for every comment.
“We’ve been granted the mining licence” - why did it take so long
- why couldn’t NF …..
- what about the finance
- where’s the DFS
Its never a waste of time posting information here, we all appreciate it.
That being said, respectfully, i am getting tired of you whinging about the whingers......
We are all human, with emotions attached, not perfect, not a robot .
Be humble Dave.
Similar threads
