AVZ Discussion 2022
- Thread starter GazDix
- Start date
Samus
Top 20
That's an excellent summation and deep dive analysis Wino!
Winenut
Go AVZ!
Haven’t heard it said like this before
“While AVZ’s lawyers concede that the company gave up the northeast part of PR 13359 when it applied to transfer it to an exploitation permit, they claim that the coordinates of 15775 do not precisely match the area from which it planned to withdraw.”
“While AVZ’s lawyers concede that the company gave up the northeast part of PR 13359 when it applied to transfer it to an exploitation permit, they claim that the coordinates of 15775 do not precisely match the area from which it planned to withdraw.”
Cumquat Cap
Regular
Why would avz withdraw from a billion dollar asset then continue drilling it for Zijin’s benefit ? We need far more clarity on this? Either someone had fucked up and cost us billions or Zijin are building a mine on someone else’s land. Zijin do not seem to care about icc or ICSID one iota
Samus
Top 20
It really shows how inefficient these arbitration processes are, the fucking cunts Zijin will likely be processing ore before the hearings are even completed.
I mean sorry about the language but it's really the only type of language to properly express thoughts on these matters.
I mean sorry about the language but it's really the only type of language to properly express thoughts on these matters.
Scoota30
Regular
If the north had been legally conceded by AVZ and it was not spurious in nature, getting clarity from AVZ this late in the game will only benefit Zijins case in court and give all of the stooges like dudbrook and Shane more ammunition to splurge.
IMO your last sentence makes me feel like it's all a load of bollocks.
Mr_Tones83
Regular
Most likely written in the spin of Zijin and not worth stressing about, time will tell how it all pans out via ICC and ICSID.
Wish there were a quicker way though
Cumquat Cap
Regular
Yeah it’s all bollocks probably, just surprising Zijin so brazen and spending real money on something they don’t own. What can you do but wait and hope something good comes like a sale
Azzler
Top 20
Mate it's also possible that it's more games from Zijin.
The fact they tried to pass off AVZ's drill results as their own made me think they're not willing to spend so much when it's still in doubt.
They could be fudging results, progress, all in the name of a chess game.
Or not, they do have money to burn.
But they're know to be dishonest in their business dealings.
The fact they tried to pass off AVZ's drill results as their own made me think they're not willing to spend so much when it's still in doubt.
They could be fudging results, progress, all in the name of a chess game.
Or not, they do have money to burn.
But they're know to be dishonest in their business dealings.
Xerof
Biding my Time 1971
Out yachting
The Atomic OffMarket Transfer Form, just in case someone needs it...
I was searching for it after logging in to the share registry, couldn't find it there.
Found it on the Atomic website.
However, me thinks you will have to wait until new share certificates are issued
I was searching for it after logging in to the share registry, couldn't find it there.
Found it on the Atomic website.
However, me thinks you will have to wait until new share certificates are issued
Xerof
Biding my Time 1971
I noted in one article that they said they’d build access roads ‘later on’, so seemingly unprepared to invest in something that might be useful to the legal owner in due course
Retrobyte
Hates a beer
The only way Tommy will have kids is if he adopts them
One gets the impression the only money Zijin has been prepared to spend is on illegally putting their grubby claws on an asset and followed by destruction and obstruction and a lot of hot air.
It serves the Chinese as a nation to stop lithium mining in Manono, due to other worldwide heavy Chinese lithium investments.
They spent more money worldwide on other lithium assets than in Manono.
Just another way at looking what Zijin, a Chinese state operator, is doing.
They can't be very confident that their Manono operation is above board taking in account the lack of information on their own website.
They probably thinking it’s a win win. They build a mine and then get forced to pay for it then they still have a very profitable mine ready to go or they build a mine and weasel their way out of paying for it and make unbelievable profits for the next 30 years. Pricks
Samus
Top 20
Source:SMM
Zijin Mining Plans to Produce 250,000 to 300,000 Tons of Lithium Carbonate by 2028" - On May 16th, Zijin Mining released its "Five-Year Development Plan" and announced adjustments to its development goals by 2030. Among them, it proposed that by 2028, the company's lithium carbonate production will reach 250,000 to 300,000 tons per year. In recent years, the company will promote the construction of the 3Q salt lake in Argentina, the Lago Guoguo salt lake in Tibet, the first and second phase of the Hunan Xiangyuan lithium mine project, and initiate the exploration and development of the Manono lithium mine in the northeast. The "two lakes and two mines" project will make the company one of the most important lithium enterprises in the world.
market release:
marksmann007
Regular
May 17, 2024 10:54
Source:SMM
Zijin Mining Plans to Produce 250,000 to 300,000 Tons of Lithium Carbonate by 2028" - On May 16th, Zijin Mining released its "Five-Year Development Plan" and announced adjustments to its development goals by 2030. Among them, it proposed that by 2028, the company's lithium carbonate production will reach 250,000 to 300,000 tons per year. In recent years, the company will promote the construction of the 3Q salt lake in Argentina, the Lago Guoguo salt lake in Tibet, the first and second phase of the Hunan Xiangyuan lithium mine project, and initiate the exploration and development of the Manono lithium mine in the northeast. The "two lakes and two mines" project will make the company one of the most important lithium enterprises in the world.
market release:
Of course they are likely willing to spend, their goal of developing the north and becoming a fact on the ground has been clear for ages. The number of drill rigs they've thrown at the zone and pace of activity highlights their intent to show everyone involved that they are already pushing towards mining, and are a viable and committed partner with appropriate resources behind them to complete the project, whilst AVZ sits in the doldrums suing everyone and going broke as the rest of the tenement sits dormant.
Of course there is little AVZ can currently do to progress 13359 without a license, but nonetheless Zijin's approach is a calculated one and one that may resonate with senior DRC officials already likely fed up with AVZ and the wider issue at large. Though our hands are tied, the fuckery by Zijin is likely being used to help shape perception and underpin the view we have been repeatedly told they have impressed on the DRC authorities - namely that AVZ are trying to gain a buck as speculators without any intent or capability to actually mine Manono.
I'm sure they are willing to throw a lot more cash at it quickly to cement Zijin's position on the ground, highlight the funds its sunk into the project as a means to better justify its stance that it must at the least maintain a hold over the north, and make it difficult to dislodge the company from its position. It's smart and definitely not their first rodeo of resource theft! Roads and such will likely follow on after a DFS, but we'll certainly see more work carried out unless clearer indications are provided that the authorities will renege on their delivery of this bogus license to Zijin.
however with DRC instead indicating it has no intent to comply with the interim ICSID orders, and pushing the Manono Lithium venture along towards PE, it's likely we'll see Zijin push forward as fast as possible towards developing a mine on this zone, importantly including using power from Mpiana-Mwanga, before any final ICSID award approaches (if it gets that far,). If there is any truth to us relinquishing the north, which I believe there is even though likely done through trickery, this and the approach Zijin is taking to become a fact on the ground will be used to try and secure at least this portion of Manono. It's worth the risk for them.
Very difficult situation! Not sure what more we can do to avoid the north being developed whilst we plod along through the ICC and ICSID. We've pushed these cases as a means to pressure a negotiated outcome, but there's little indication of any intent by the DRC and our opponents to bend to this pressure.
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