Xerof
Have a Cigar 1975
So, will they leave the 'finalisation of ML and Exploration licenses' until last? i.e. would you think they will stay in suspension with a view to resolving the multiple other issues, beforehand?
AVZ Discussion 2022
- Thread starter GazDix
- Start date
John25
Regular
There's just too much there mate...almost everyday for the last couple of months another new negative development that alludes to being treated like a mushroom investor(kept in the dark and fed bullshit, well fed the positive only as a planet of negative amasses in the background)
In saying everything I've said, I still believe everything Nige has said, I still have faith in Nige and AVZ, but I just don't have faith in the DRC itself, or the DRC legal system or any single department to set this right and then keep it 'right' for that matter, it's clear there's many in positions of power who are totally and utterly corrupt, then add a whole heap of ignorance and what seems to be unjustified national pride/ego in those departments as well.....Can we come out all good, sure, but what's the chances of that happening? 15-36%???
Frank
Top 20
Could be due to DRC Mining week starting June 1st till the 3rd.
Although I'm not sure if AVZ have a stall?
DRC Mining Week | VUKA Group
The Democratic Republic of Congo (DRC) Mining Week is a conference designed to connect stakeholders in the mining industry and showcase new technologies. The conference will feature a number of speakers and events, including presentations on the latest mining technologies, panel discussions on...www.drcminingweek.com
The annual “rendez-vous” for mining players has expanded its reach and now offers a year-round digital engagement platform, connecting the mining community through a wide array of activities, including webinars, podcasts, online networking, and of course…our live event in Lubumbashi from 1-3 June 2022.
Engage directly with key stakeholders from the private and public sectors through our unique networking channels to meet new partners, source new customers or identify promising projects.
Electric battery industry to generate about 168 billion USD by 2030
In a report released a few hours ago, Global Data reports that battery industry revenue is expected to exceed US$168 billion by 2030, registering a compound annual growth rate (CAGR) by 14%.
The report states that the market will be driven up by sales of lithium-ion batteries.
According to Global Data analyst Michael Orme, it is the Chinese battery manufacturer CATL that today symbolizes this dominance.
“ CATL rose from almost nothing five years ago to capture more than 30% of the global market, which is twice the share of the former battery oligarch Panasonic. In 2018, CATL and Panasonic both had around 16% of the market ,” he explains.
Despite this domination, explains the report, China cannot satisfy all of the world demand which is currently exploding, due to the ambitions of most car manufacturers in the electric sector.
The report indicates that the production of the metals essential to this industry does not follow the same curve as the demand, taking into account the time that it takes for example between the discovery of a deposit and the entry into production of a mine. to exploit it.
“ Governments must play a greater role in encouraging mining, refining and the production of battery cells […]. Lithium is plentiful, but significant investment is needed in new hard rock mines to meet the growing and rampant demand.” ,” said Daniel Clarke, another analyst at Global Data.
Experts note that this is an issue that some African countries, in this case Zambia and the Democratic Republic of Congo (DRC) seem to have understood.
In addition to their efforts to increase their production of copper, they explain, the two main producers of red metal on the continent, the DRC, Mozambique and Zambia, are now working together to build a local industry for the transformation of their copper, lithium and cobalt resources, in order to supply the electric vehicle industry with materials for batteries.
Specialists say that until these plans materialize, Africa’s participation in the energy transition through metals is currently limited to supplying the raw material to American, Japanese and Chinese industries.
In recent years, several Congolese and Zambian companies have concluded agreements with mining companies active in strategic metal projects in Africa, whether lithium with CATL in Manono in the DRC, Mozambican graphite processed in the United States , or the Congolese cobalt on which the world depends for more than 70%.
Recall that a few days ago, a battery production plant was inaugurated in Lubumbashi in the province of Haut Katanga.
With the advent of this plant, the DRC intends to fully exploit its capacity to produce lithium, in particular with the new lithium deposit in Manono, in the province of Tanganyka.
On Zijin vs Cath
Zijin out - Cath in
Gov wants to show it's dealing with corruption and unfair contracts while promoting investment and win-win partnerships.
Keeping CATH at the party takes the country factor out of there equation and lets them boot out zijin without simply coming across as anti China.
Not all Chinese companies are equal
Zijin is perfect example of what government wants to get rid of.
Cath perfect example of partnerships they want to encourage.
AVZ will get whatever share that was expected when they were negotiating with CATH.
Just depends if the Gov wants to retain more than 10%, but unlikely as their goal is to attract investment not finance themselves, and AVZ/Cath/Manono will be kicking off bigger things in batteries for DRC.
JNRB
Food for thought on the Road to Mining Manono
Frank
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Bin59
Regular
'the Tribunal Decision is: • in respect of proceedings that have been pursued vexatiously and without foundation or merit, and to which neither AVZ nor AVZI is a party;
I think that’s the reason that AVZ haven’t disclosed this previously in an announcement
If that's true then that's also not a good look given the time it has taken to get to ministerial decree.
Oh well
Winenut
Go AVZ!
I have nothing useful to add
The situation in the space of a few weeks has turned into an absolute shit show
Fuck the lot of them
I'll review my investment once we get an official announcement
And I can guarantee I will never again place any of my funds anywhere that even smells like sovereign risk...
The situation in the space of a few weeks has turned into an absolute shit show
Fuck the lot of them
I'll review my investment once we get an official announcement
And I can guarantee I will never again place any of my funds anywhere that even smells like sovereign risk...
Samus
Top 20
Just about spells out what this rampant speculation and the silence of management after saying CAMI approval in a few days is causing.
I sure hope we do see something today/tomorrow when this is the way the better informed shareholders are feeling.
Hi mate
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You could master it it alot quicker if you just concentrated on SUPPORT & RESISTANCE, CANDLE STICKS, MOVING AVERAGES TREND LINES, RSI 14, BOLLIE BANDS, FIBONNACI.
I will tag you when i set it up.
Watch this space.
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Xerof
Have a Cigar 1975
Serious question for you mate, I see you own IXR. Thats Uganda isn't it? Do you have a good feel for the mining licence process over there? I don't hold, but it seems to be an AVZ equivalent. And does the register have any Chinese holders?
Bray
Regular
Especially if they are planning on dropping POSITIVE news ohreally.
5 years into the project and in the last 2 months we've seen more drama than we should have. Sovereign risk was always a thing, as was corruption in DRC. Project coming close to fruition has just brought out all the bullshit, wouldn't be surprised if it was chinese intent from the get go.
5 years into the project and in the last 2 months we've seen more drama than we should have. Sovereign risk was always a thing, as was corruption in DRC. Project coming close to fruition has just brought out all the bullshit, wouldn't be surprised if it was chinese intent from the get go.
Roller62
Regular
I would think ML and 75% ownership needs to be confirmed. Then FID can happen with Cath forwarding the mula.
Bray
Regular
DRC Mining Code (ENG version) - DRC Mining Code (ENG version) - ResourceData
Question 2.2.1a: Do rules specify which subnational agencies receive the extractive resource revenues transferred from the central government?, 1.2.5b: Do rules specify the royalty rate(s) applying...
www.resourcedata.org
EDIT: ABOVE IS THE 2002 VERSION
UPDATED: https://eiti.org/documents/mining-code-democratic-republic-congo
This is the one i've been using, you can highlight the text within the PDF to translate it.
Been unable to find a complete english version.
CeckRaiseFold
Regular
I've been holding IXR for a while now and fundamentals are indeed comparable to AVZ. Largest rare earth deposit outside china and owners of a proprietary extraction process making this a vertically integrated mining/refining business opportunity. DFS expected in October and around same time application of mining licence. Pilot refining plant also in the works. End of year this can significantly re-rate - all IMO ofcourse. Uganda much better business climate, but, hey, 'Sovereign Risks' are, to a degree, everywhere, just ask the Oil and Gas companies in the UK who just have been slapped with a 5bln pound windfall tax.
LzrTr8dr
Regular
English translation, although not perfectDRC Mining Code (ENG version) - DRC Mining Code (ENG version) - ResourceData
Question 2.2.1a: Do rules specify which subnational agencies receive the extractive resource revenues transferred from the central government?, 1.2.5b: Do rules specify the royalty rate(s) applying...
EDIT: ABOVE IS THE 2002 VERSION
UPDATED: https://eiti.org/documents/mining-code-democratic-republic-congo
This is the one i've been using, you can highlight the text within the PDF to translate it.
Been unable to find a complete english version.
Bray
Regular
Awesome thanks for that update;
just note that is the 2002 version which has since been updated
We all knew the sovereign risks when we decided to invest with AVZ, but i am pretty sure we didnt expect what has transpired with Zijin and some corrupt DRC officials..................this is NEXT LEVEL sovereign risk IMO
If we knew that was in the back drop, then i for one wouldnt have treated AVZ as an investment, i would have treated it like LTR.....just a trade opportunity.
DRC / AVZ need to release a JOINT statement clearing the air.............its an embarrassment for both parties.
imo
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