AVZ Discussion 2022
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mods are not doing anything about itā¦
Frank
Top 20
Lubumbashi: challenges for the energy transition of the mining sector
The energy transition is taking place around the world. The transition to sustainable energies is already underway.
The DRC, thanks to its global reserves of cobalt and lithium, is on the way to becoming a hub in this transition.
However, to get there, the DRC must overcome enormous challenges
This Tuesday, May 24 in Lubumbashi, the provincial dialogue on the opportunities linked to the energy transition in the mining sector reflected on this.
This dialogue organized by the Natural Resource Governance Institute (NRGI) allowed stakeholders to reflect on the opportunities of the DRC, if the country wants to place itself at the heart of this energy transition.
HervƩ Lado, Director of NRGI Central Africa shares the same point of view.
āThe trend that we observe and that the world is moving towards the ambition of reducing greenhouse gas emissions by 2050.
Thus leaving the production of sickle energies towards green energiesā, explains- before adding āThis transition will increase the demand for minerals that go into the manufacture of equipment such as electric batteries. It is in particular, cobalt, lithium, manganese, nickelā.
Indeed, the DRC with its nearly 50% of world reserves of cobalt and other mineral reserves, is therefore at the center of this transition. Because, it goes into the manufacture of electric batteries. This demand alongside lithium could generate large revenues for the DRC.
Challenges
However, for these opportunities to benefit the country, it must overcome enormous challenges.
This is especially good governance. But also, we must clean up the value chain. āThe big challenge is governance, because nothing is missing. The reserves are there, the production too. This will not happen without problems because already there is still opacity, there is still corruption. There is very little accountability. But there are also very few positive results for the population,ā explains HervĆ© Lado.
It notes the fact that there are also issues related to environmental and social impact.
āThe DRC is in the top 10 countries with poor governance, politically exposed people continue to own the mines. Besides this, there is no monitoring of environmental and social impacts and the redistribution of income. If this is not resolved, the DRC will not get out of itā, he said again.
Environmental impact could be huge
This idea is shared by Professor Arthur Kanyki. For him, measures must be increasingly reinforced.
āBecause the smallest particles are the most insidious and they lead to too severe pathologies. So if we continue to exploit the minerals as we do, that is to say, store the rejects everywhere, transport the minerals as we already do, by breaking the mining code, it will become a serious environmental problem. Because the awareness is always lowā, he explained to the provincial dialogue.
In addition to these challenges, there is the consolidation of the artisanal mining value chain and the integration of local content and the energy deficit.
This dialogue will take place in other cities such as Kolwezi, Bukavu and Kinshasa.
www.mediacongo.net
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Sorry am I missing something here???
The shorters borrowed shares and sold at somewhere above 78c
They purchase back to close out at 30c (if that where the SP goes when we re-open)
They've covered and incurred an interest bill of $8M
And come out $63M in the green
This doesn't look like bad outcome for the shorters....what are Deboss or Jens saying here ffs???
aanti.dumb
Regular
I think DEBOSS was being sarcastic in reply to the tweet below from Jens in the screen shot..
CashKing
Regular
Think itās fixed
Attachments
JAG
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CashKing
Regular
I kinda wanna derail HC to the max and mods might finally wake the hell up about trollsā¦
We might be fighting a loosing battle, I know I know silence is the best fight against the trolls but damm itās hard sometimes.
I have noticed most reputable posters havenāt even bothered on HC while the trolls are out on force.
Ohh wino Iām not saying your not reputable
What a mess HC threads are, surely mods see this shit, Iāve asked them to shut down these threads about 23times now and nothingā¦. They just mod me wtf
GLTAH
DiscoDanNZ
Regular
I kinda wanna derail HC to the max and mods might finally wake the hell up about trollsā¦
We might be fighting a loosing battle, I know I know silence is the best fight against the trolls but damm itās hard sometimes.
I have noticed most reputable posters havenāt even bothered on HC while the trolls are out on force.
Ohh wino Iām not saying your not reputable
What a mess HC threads are, surely mods see this shit, Iāve asked them to shut down these threads about 23times now and nothingā¦. They just mod me wtf
GLTAH
Yup, I've been modded more for discussing moderation (asking mods to mod trolls) than the trolls have been. I gave up on the AVZ threads on the crapper, give them a quick skim some days and every now and then pick a fight with one of the extra special units for the sake of wasting 2 minutes.
CashKing
Regular
Yep itās total chaos now but mods seem to be asleep at the wheel or loving the AVZ hype, it was different in 2018/19 we got attacked as you know but mods shut threads down like that, now itās a free for all except LTHās Defending or posting against these new breed of cockroaches
Ahh well RIP HC
Frank
Top 20
Speaking of Glencore, Mutanda Mining, Tenke Fungurume, a company controlled by China Molybdenum and China Railway Group,
*To Remind,
The DRC President wants to renegotiate the mining contract of Mutanda Mining, a subsidiary of Glencore
The Democratic Republic of Congo has added Glencoreās subsidiary, namely Mutanda Mining (MUMI), to the ongoing process of renegotiating mining contracts.
The decision to investigate Mutanda comes as President FĆ©lix Tshisekedi makes no secret of his intention to review extractive deals made under his predecessor, Joseph Kabila.
Already, the Presidency of the Republic is reviewing the copper and cobalt projects of Tenke Fungurume, a company controlled by China Molybdenum Co. and China Railway Group.
It is in the same context that the recent agreement concluded between the DRC and the Israeli billionaire Dan Gertler for the case of Ventora took place.
āWhen you see what happened in this sector under the previous regime, it was outrageous in terms of the concessions given to foreign companies,ā AndrĆ© Wameso, the presidentās deputy chief of staff for economic issues, said on Thursday in an interview given to the media mining.com.
As the expiration of three of the four Mutanda permits approaches, the Presidency of the Republic has set up an ad hoc commission which will assess the benefits of the project for the DRC, Wameso confirmed in the same interview.
āThis is an opportunity for us to see very calmly how things have been done and if there are any improvements in terms of rebalancing the partnership with Glencore,ā he said.
āWe have nothing against Glencore,ā Wameso said, adding that any rebalancing would be aimed at ensuring the āinterests of the state are preserved.ā
Glencore confirmed in December that it planned to reopen Mutanda, which was put on care and maintenance in 2019 after cobalt prices fell.
The operation will produce around 11,000 tonnes of cobalt per year between 2022 and 2025, with production over the 20-year mine life expected to average around 76,000 tonnes of copper and 21,000 tonnes of cobalt, according to Glencore.
Mutanda produced a fifth of the worldās cobalt and nearly 200,000 tons of copper in 2018, its last year of full production.
The company restarted processing oxide ore stockpiles late last year as it explored the future exploitation of Mutandaās sulphide resources, according to Glencoreās 2021 annual report.
Copperbelt Katanga Mining - African Copperbelt's Top Mining News
African Copperbelt's Top Mining Newscopperbeltkatangamining.com
*To Add
Glencore agrees to pay more than 1.2 billion USD in the United States to settle its corruption cases
Mining and commodities trader Glencore has settled investigations into corruption and market manipulation in the UK and US that have dogged the company for years.
In February, Glencore announced it had set aside $1.5 billion to cover settlement costs in the US, UK and Brazil, and the company confirmed it would appear in court in the United States on Tuesday under āproposed resolutionsā to investigate his activities.
Later in the day, the UKās Serious Fraud Office (SFO) charged Glencore with seven counts of corruption in Cameroon, Equatorial Guinea, Ivory Coast, Nigeria and South Sudan.
A London judge will sign separate penalties for Glencore at a sentencing hearing on June 21.
In the United States, the miner pleaded guilty to violating the Foreign Corrupt Practices Act, agreeing to pay $700 million to resolve the corruption investigation and more than $485 million to settle accusations of market manipulation.
āGlencore today is no longer the company it was when the unacceptable practices giving rise to this misconduct occurred,ā Chairman Kalidas Madhavpeddi said in the statement.
The company further agreed to pay more than $39.5 million under a resolution signed with Brazilās Federal Prosecutorās Office (MPF) as part of its corruption investigation.
For the past four years, Glencore has been investigated by the US Department of Justice (DOJ), the SFO and Brazilian authorities for alleged money laundering and corruption.
The Swiss company revealed in 2018 that the US DOJ had requested documents related to the groupās activities in the Democratic Republic of Congo (DRC), Nigeria and Venezuela as part of an investigation into possible cases of corruption and money laundering.
Copperbelt Katanga Mining - African Copperbelt's Top Mining News
African Copperbelt's Top Mining News
If the Swiss are prepared to to pull this Shifty kind of Shit by Screwing everyone over including the DRC, well, It's No wonder otherswould try their luck as well imo
Especially when you have one of the Biggest and Best Deposits on the Planet that any Country in the World would envy and wish they had in their backyard
Tbo, I Don't envy Felix being caught between a Spodumene Rock and a Hard place when it comes down to dealing with Corruption and Dodgy Deals on one hand, Chinese Co's wanting to Invest, Help build much needed Infrastructure ( Screw him and the DRC for as long as they can after getting away with it for Yrs ) The U.S & E.U looking over your shoulder, Upcoming Elections and putting up with Shit like this on the other hand,
"In this process, (Forum for the unity and reconciliation of Katangans held in Lubumbashi on the initiative of Bishop Fulgence Muteba at the end of which Joseph Kabila and MoĆÆse Katumbi greeted each other after nearly 8 years of estrangement), It is (Felix) Tshisekedi who disturbs, a KasaĆÆen as we present him", affirms, on Top congo fm, Augustin Kabuya, secretary general of the UDPS.
"What the others say quietly, I say it out loud. Let us build alliances, no one can change the will of God. They now want to make the public believe that it is Felix Tshisekedi who is at the basis of their problems. For the secretary general of the presidential party, "the Lord knew that in this period there will be a Kasai at the head of the country. It is his will".
Reason why "I am very happy, because people have come together from North to South, from East to West to fight a child of God.
The Lord will enter the scene now to show Felix Tshisekedi is (at the head of the country) by my will".
www.mediacongo.net
While "Big Brother" in the West is watching with interest what's going down in the DRC, all the Brothers and Sisters of AVZ & Manono will also, especially Franck & Jonnno, so don't disappoint your Bro Joe when it comes to Manono Felix ffs - No Pressure
Food for thought on the Road to Mining Manono Bro
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Frank
Top 20
Just went to the
to see that "Positively Glowing Post" of yours, Only to be disappointed it was Modded for some Strange reason - This message has been removed from public view. on 26/05/22 22:42 because of (Breach of HC TOU)
Truth Hurts on the Crapper where Trolls are continually Tolerated
What a
Show Go figure
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Frank
Top 20
*Speaking of Cockroaches on the CrapperYep itās total chaos now but mods seem to be asleep at the wheel or loving the AVZ hype, it was different in 2018/19 we got attacked as you know but mods shut threads down like that, now itās a free for all except LTHās Defending or posting against these new breed of cockroaches
Ahh well RIP HC
Also with many economies beginning to slow down, maybe this Lithium run is over.
Look at Tesla and other EVās stock prices. Slaughtered.
Thoughts.
Just one
As,
Volkswagen launches second all-electric car plant in Germany
Volkswagen has launched a second German manufacturing plant dedicated to the production of electric vehicles, following the conversion of a facility in Emden which will now produce the all-electric ID.4.The Emden site joins VWās all-electric Zwickau plant, also in Germany, as well as its Anting and Foshan in China.
A further two EV-only factories in Chattanooga, Tennessee, and Hanover, Pennsylvania, will begin production in the US by yearās end.
It is expected that the six sites will enable VW to build 1.2 million all-electric vehicles per year, all of which will be built on the companyās MEB electric architecture.
āRapid expansion of production capacities for our successful ID.4 model is a key component of our Accelerate strategy,ā said Ralf BrandstƤtter, CEO of Volkswagen.
āIt helps us accelerate the transformation to zero-carbon mobility and create further capacities to meet the high demand for electric vehicles.
āVolkswagen has invested around ā¬1 billion in converting the Emden plant to manufacture electric vehicles, and it now plays host to 8,000 employees.
However, this is only the first step for Volkswagen in Lower Saxony, with plans to invest a total of ā¬21 billion over the next few years.
āVolkswagen is making Lower Saxony, where we have 130,000 employees, Germanyās center for electric mobility,ā said BrandstƤtter.
āApart from the ID.4, Emden will make another model ā the AERO B ā next year.
In addition, production of the iconic ID. Buzz will commence this year at Volkswagen Commercial Vehicles in Hanover.
āIt will be joined from 2023 on by the ID.3 made in Wolfsburg, while a further electric vehicle ā the Trinity ā will then roll off the assembly line at the location starting in 2026.ā
Despite the significant challenges afflicting the global automotive sector ā and, in particular, electric vehicle manufacturing ā caused by renewed COVID-19 lockdowns in China, Russiaās unprovoked invasion of Ukraine, and more, Volkswagen expects to produce 800 units per working day at Emden by yearās end.
The Driven
The Driven is Australiaās most-read electric vehicle news site, covering the latest EV stories both in Australia and overseas.
thedriven.io
ID.4 with LG battery sets world record for highest EV climb
VW and battery makers LG have claimed a new Guinness world record altitude run for an electric car after driving a Volkswagen ID.4 GTX up a Bolivian volcano to a height of 5,816 metres.The Challenge 4 team led by Rainer Zietlow drove up the dormant Uturuncu volcano in Bolivia in an ID.4 GTX was powered by LG Energy Solutionsā battery cells and modules that employ high energy density for long-distance driving, high-speed charging, and, vitally, high-altitude drives.
LG Energy Solution said the new milestone adds to the longest EV journey achieved in 2021, also with an LG battery.
āOur goal was to show everyone the potential of electromobility by demonstrating how electric vehicles maintain their top level of performance even at extreme altitudes,ā said Zietlow.
The record was set on May 18, with the official Guinness World Record certificate being awarded on Monday.
The Driven
The Driven is Australiaās most-read electric vehicle news site, covering the latest EV stories both in Australia and overseas.
thedriven.io
CashKing
Regular
ApparentlyJust went to the
- This message has been removed from public view. on 26/05/22 22:42 because of (Breach of HC TOU)
View attachment 7820
Truth Hurts on the Crapper where Crap is continually Tolerated
What a
Go figure
100% agree cashI kinda wanna derail HC to the max and mods might finally wake the hell up about trollsā¦
We might be fighting a loosing battle, I know I know silence is the best fight against the trolls but damm itās hard sometimes.
I have noticed most reputable posters havenāt even bothered on HC while the trolls are out on force.
Ohh wino Iām not saying your not reputable
What a mess HC threads are, surely mods see this shit, Iāve asked them to shut down these threads about 23times now and nothingā¦. They just mod me wtf
GLTAH
no offence taken
No one has ever accused me of being reputable BAHAHAA!!!
CashKing
Regular
Your on your own now mate sorry we tried but Iām the naughty corner, the Trolls & Mods must be having an orgy tomorrow night so im bad guy by the looksā¦100% agree cash
no offence taken
No one has ever accused me of being reputable BAHAHAA!!!
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