Bin59
Regular
Point Piper,
Dont you need to be a "Fit and Proper Person" to sit on a Board.
Just a question.
Regards,
SilentOne.
Point Piper,
Dont you need to be a "Fit and Proper Person" to sit on a Board.
Just a question.
Regards,
SilentOne.
Perhaps the company should release an announcement saying they've been in contact with FIRB and Govt officials regarding state backed hostile takeovers and they are happy with the level of support they've been given of Australia's strategic mineral deposit under the AUS/US Minerals Security Partnership?The biggest risk to this project right now is not Felix its Carrick. This guy is still trying to gain more shares to gain a seat on the board. Felix will be the least of our worries if this guy get enough shares. There are major Chinese shareholders that could side-up with him and pool shares together to gain access to the board. Again everyone should be worried!!!
Understand the skepticism but it's certainly not out of the picture. I would beg to differ, RIO among other western mining companies have spoken about diversifying into Africa and other higher risk jurisdictions.Rio would literally laugh if you asked them about buying lithium in DRC
The rumour bullshit mill has been in full swing since this sh1t show started . Curiously has ramped up since we delisted . Not to mention the load of bollocks that has come through my inbox over these many months re favorable AVZ . But it's all hush hush . Please don't tell anyone . Keep it to yourself. Doubt I'm the only one that's been fed this rubbish .Rio would literally laugh if you asked them about buying lithium in DRC
Rio will NEVER buy this - its already a shit stain in the jocks. Gina ain't no gooseThe rumour bullshit mill has been in full swing since this sh1t show started . Curiously has ramped up since we delisted . Not to mention the load of bollocks that has come through my inbox over these many months re favorable AVZ . But it's all hush hush . Please don't tell anyone . Keep it to yourself. Doubt I'm the only one that's been fed this rubbish .
Likewise.The rumour bullshit mill has been in full swing since this sh1t show started . Curiously has ramped up since we delisted . Not to mention the load of bollocks that has come through my inbox over these many months re favorable AVZ . But it's all hush hush . Please don't tell anyone . Keep it to yourself. Doubt I'm the only one that's been fed this rubbish .
Gina?Rio will NEVER buy this - its already a shit stain in the jocks. Gina ain't no goose
Yeah both of em were hunting lithium. Neither dumb enough to touch ManonoGina?
It’s not the place or the politicsthat’s the problem. As Nigel points out frequently. And it’s not our BOD best BOD on the ASX. Other companies are having no issue getting things up and running. And we have an MOU en route. New Ann coming next week confirming. Wink winkYeah both of em were hunting lithium. Neither dumb enough to touch Manono
Has it been explained how this MoU thing actually works ?It’s not the place or the politicsthat’s the problem. As Nigel points out frequently. And it’s not our BOD best BOD on the ASX. Other companies are having no issue getting things up and running. And we have an MOU en route. New Ann coming next week confirming. Wink wink
I would imagine it is an "if - then" statement. If you give us the mining licence then we sell the project to China for $X billion. Until then we proceed through to the duration of court cases.Has it been explained how this MoU thing actually works ?
I'd suggest it's more something like agreeing to temporarily reinstate the licence over the southern tenement area, whilst awaiting the decisions of the international courts to decide who gets what.I would imagine it is an "if - then" statement. If you give us the mining licence then we sell the project to China for $X billion. Until then we proceed through to the duration of court cases.
Makes the most sense. Hopefully for the whole lot, God knows why you would want to try develop/Split sections with Cominiere/Zijin still in the area.I would imagine it is an "if - then" statement. If you give us the mining licence then we sell the project to China for $X billion. Until then we proceed through to the duration of court cases.
That's just what they've been ordered to do by ICSID interim orders though. Shouldn't need an MOU for thatI'd suggest it's more something like agreeing to temporarily reinstate the licence over the southern tenement area, whilst awaiting the decisions of the international courts to decide who gets what.
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Democratic Republic of the Congo - Investment Climate Statement
The U.S. Department of State’s Investment Climate Statements provide information on the business climates of more than 170 economies and are prepared by economic officers stationed in embassies and posts around the world.
They analyze a variety of economies that are or could be markets for U.S. businesses.
The Investment Climate Statements are also references for working with partner governments to create enabling business environments that are not only economically sound, but address issues of labor, human rights, responsible business conduct, and steps taken to combat corruption.
The reports cover topics including Openness to Investment, Legal and Regulatory Systems, Protection of Real and Intellectual Property Rights, Financial Sector, State-Owned Enterprises, Responsible Business Conduct, and Corruption.
Mining investment and exports, supported by improving mineral prices and increasing public investment, remain the main drivers of growth.
The DRC is endowed with exceptional natural resources, including mineral deposits (cobalt, copper, etc.), great hydroelectric potential, vast arable land, tremendous biodiversity, and the second largest tropical forest in the world.
Its strategic location in the heart of Africa makes it a potentially attractive market for U.S. companies.
Félix Antoine Tshisekedi Tshilombo’s ascension to the presidency in 2019 and his government’s commitment to attracting international, particularly U.S., investment have raised hopes in the business community for greater openness and transparency.
Reflecting progress on human rights, anti-corruption, and labor, the GDRC became eligible for preferential trade preferences under the Africa Growth and Opportunity Act (AGOA) in January 2021.
Tshisekedi created a Business Climate Unit (CCA), a presidential unit dedicated to addressing issues related to the business climate.
Overall investment is increasing, fueled by multilateral donor funding and private domestic and international financing.
The extractive sector has historically attracted the most foreign investment and continues to attract investor attention as global demand for DRC’s minerals grows.
The primary mineral sector is the country’s main source of revenue.
Exports of copper, cobalt, gold, coltan, diamonds, tin, and tungsten account for more than 95 percent of the DRC’s export revenue.
Overall, businesses in the DRC face numerous challenges, including poor infrastructure, a predatory tax system, and corruption.
While laws protecting investors are in place, the court system is often very slow to make decisions or follow the law, allowing many investment disputes to drag on for years.
The court system lacks basic digitalization to track cases, record decisions, or provide judges with resources needed to make well-informed decisions.
Judges, who earn low wages, are open to corrupt influences.
Concerns about the use of child labor in the artisanal mining of copper and cobalt have discouraged potential buyers.
U.S. government assistance programs to build capacity for labor inspection and enforcement are helping to address these concerns.
The GDRC’s announced priorities include increased efforts to combat corruption, electoral reform, a review of mining contracts signed under the Kabila regime, and improvements in mining revenue collection.
To access the ICS, visit the U.S. Department of State Investment Climate Statements website.
www.trade.gov/country-commercial-guides/democratic-republic-congo-investment-climate-statement
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