AVZ Discussion 2022

Frank

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Withdrawal from the mining sector, a sine qua non condition for reducing sanctions against Dan Gertler

The United States is willing to ease sanctions on Israeli businessman Dan Gertler, provided he gives up his interests in copper and cobalt mines in the Democratic Republic of Congo (DRC).

Several American media outlets reported this information just as Washington seeks to secure the supply of critical metals to its industries.

Thanks to an agreement signed in February 2022, the Congolese Government was able to recover part of Dan Gertler's mining and oil assets, then valued at $2 billion.

The Israeli billionaire nevertheless retains significant influence in the local mining sector.

In place since 2017, with a temporary lifting in the last weeks of Donald Trump's mandate, these sanctions prevent Dan Gertler from using his American subsidiaries and assets to carry out economic and financial operations.

They are explained by the allegations of corruption weighing on the businessman, accused by the American Treasury of having been involved in “hundreds of millions of dollars of opaque mining and oil transactions” under the regime of President Joseph Kabila .

Civil society actors maintain that Dan Gertler has enriched himself to the tune of hundreds of millions of US dollars thanks to the royalties he holds on the production of Congolese mines belonging to Glencore, the world's second largest cobalt producer, and to Eurasian Resources. .

Some specialists believe that the departure of the Israeli billionaire could facilitate the implementation of Washington's strategy, consisting of sourcing copper and cobalt from Congolese mines to support the energy transition in the United States of America.

mediacongo


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BEISHA

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May 20, 2024 18:00 JST

Response to Africa Intelligence Article

HONG KONG, May 20, 2024 - (ACN Newswire) - Zijin Mining Group Co., Ltd. (2899.HK; 601899:SH; "Zijin Mining" or "The Company") provides the following response to the recent article published in Africa Intelligence titled "Zijin Mining pays $70m to mysterious Congolese NGO".
Zijin Mining believes the insinuations of impropriety or wrongdoing in the article titled "Zijin Mining pays $70m to mysterious Congolese NGO" are categorically false, misleading, and unfounded.
The Company did not make a donation to the NGO, Le Bouclier. The contribution was made by Manono Lithium, in which Jinxiang Lithium, a subsidiary of Zijin Mining, controls a 61% ownership, as disclosed by the Company on October 24, 2023. The donation ceremony was also held publicly with media in attendance, and press coverage of the event was subsequently published.
The NGO in question was thoroughly vetted and recommended by the Democratic Republic of Congo (DRC) Ministry of Public Health, Hygiene and Prevention, independent of external influence and/or Jean-David E’ngazi’s appointment to Cominiere. The decision was based on humanitarian considerations and there is no basis for referring to the NGO as "mysterious".
The article also fails to accurately represent the comprehensive scope of our partnership with the local community and our dedication to corporate social responsibility. Zijin Mining stands by the integrity of its actions and remains steadfast in its commitment to ethical business practices.
Regarding the specific details of the fund transfer to the NGO outlined in the article, the Company will be launching an inquiry into the allocation and disbursement of funds by the NGO, to ensure transparency, accountability, and the sustainable development of the region.
The article also misrepresents the findings of the IGF report in relation to the 15% share purchase from Cominiere in 2021, made by Jin Cheng Mining, another subsidiary of Zijin Mining. Neither Zijin Mining or any of its subsidiaries made any payment to Focus Plaidoirie in relation to the above said transaction. Jin Cheng Mining conducted the required due diligence on the seller (Cominiere) and the asset.
As a globally responsible mining company, Zijin Mining affirms that it has diligently complied with all legal and regulatory requirements throughout the processes outlined in the article.


Get a load of these cunts! :rolleyes:
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BEISHA

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Done losing sleep over this. You’ve all been magnificent. Love to all of you especially those who bought in over 80c. I’m out. Thanks for all the info. Good and bad. Sincerely. R
Hang in there Rhyno, having a break from social forums is a good thing from time to time , discussions of constant shit fuckery can really fuck your mind around .....🤪

Embrace loved ones, focus on work to distract, get good sleep, at the end of the day, good health is your wealth.

imo
 
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BEISHA

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wombat74

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Like suing a homeless person.
Yeh you can't get blood out of a stone . I don't think this is about the end verdict ICSID hands down . It's more about the impact this case will have on the DRC with regards to it's international relations/standing . It's about gradually applying pressure via our legal victories to hopefully encourage Felix to sort this out . That's why this must be resolved before it goes that far , because if it does it clearly shows us Felix could care less about ICSID .
 
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TheCount

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Mickyb64

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Automic has a zero balance. Is this normal when delisted?
 
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cruiser51

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Automic has a zero balance. Is this normal when delisted?
If you look further you find:
20-May-2024
CHESS to Issuer Sponsored conversion
 
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Mickyb64

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cruiser51

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Thanks Cruiser, this shit is new to me.
Same here mate.
If you click on transactions, you can go back into history and find all transactions etc.
The Company said we would be issued with new Issuer Sponsored Certificates.
The process will probably take a little time.
 
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Pokok

Regular
Mine also but lets face it , only paper wealth for the last 2 years , but sad that I can't see anymore it reminded me how fucked greed is in this world and how some humans has disdain for others ,,, Allah never sleeps karma is coming their way big time .
 
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BRICK

Where’s Zeebot 😶‍🌫️
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Mute22

Regular
I've put my trust in Nigel and the team for almost 6 years now and have less than nothing to show for it.

Why shouldn't I vote against them in an AGM when they have been either naive, arrogant and all the while screwing LT SH with bad raises and information? If they can't make a deal with this newly formed government then all hope is lost.

I'd rather sell to the Chinese for 12c then walk away with a loss. I just don't see how even if we are successful with the ICC and ICSID we will ever see a dime from these chuckle fucks.
 
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Samus

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I've put my trust in Nigel and the team for almost 6 years now and have less than nothing to show for it.

Why shouldn't I vote against them in an AGM when they have been either naive, arrogant and all the while screwing LT SH with bad raises and information? If they can't make a deal with this newly formed government then all hope is lost.

I'd rather sell to the Chinese for 12c then walk away with a loss. I just don't see how even if we are successful with the ICC and ICSID we will ever see a dime from these chuckle fucks.
ICSID concluding in 2025 might be our last chance to come out with anything from this shit show. The board needs to survive one more AGM imo.
This is the path we chose last year when rejecting the MMAGOTS.
It's very clear DRC officials can not be trusted regardless of what they say to anybody. Particularly a bunch with questionable morals and objectives such as the MMAGOTS.
What is the alternative?
 
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Do they even need to have an AGM as a private company? My understanding is that, as a private compant they only have to have an AGM if it's in their charter (which I'm unaware of).
 
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CHB

Regular
It's very clear DRC officials can not be trusted regardless of what they say to anybody. Particularly a bunch with questionable morals and objectives such as the MMAGOTS.
What is the alternative?

And they've somehow convinced the board that for some reason we need an MoU instead of a fucking mining license.
 
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Samus

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And they've somehow convinced the board that for some reason we need an MoU instead of a fucking mining license.
Fuck their MOU, we'll take their gold bullion reserves and then some.
 
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Samus

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Do they even need to have an AGM as a private company? My understanding is that, as a private compant they only have to have an AGM if it's in their charter (which I'm unaware of).
AVZ FAQ - Delisting

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