AVZ Discussion 2022

[Bin59]

Actualité | Constant Mutamba : 'Tout celui qui va détourner un seul dollar des Congolais aura sa place à la prison de Makala' | mediacongo.net

Au cours d'un briefing de presse, tenu ce mardi 23 juillet, sur les réformes du gouvernement engagées dans le secteur de la justice, le ministre...

www.mediacongo.net

Constant Mutamba: "Anyone who will hijack a single dollar from the Congolese will have his place in Makala prison"​

24.07.2024
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Constant Mutamba, Minister of Justice and Keeper of the Seals

During a press briefing, held on Tuesday, July 23, on the government's reforms undertaken in the justice sector, the Minister of State in charge of Justice and Keeper of the Seals, Constant Mutamba, answering the question about the perpetrators of financial embezzlement and embezzlement of public funds, indicated that anyone who will divert a single dollar from the Congolese will have his place in Makala prison.

"The Head of State gave us the mission to crack down. We will therefore be intransigent and intractable vis-à-vis all diverters of the state's public money. Anyone who will divert a single dollar from the Congolese will have his place in Makala prison. And we will reserve relentless answers to this, "he said.
Regarding the former Minister of Finance, Nicolas Kazadi Kadima, accused of embezzlement of public funds in the case of the purchase of drills and streetlights, the Minister of Justice made it known that "no one is above the law", while nevertheless evoking the principle of the presumption of innocence guaranteed by the country's Constitution.

"Alone the judge is authorized, in terms of our law, to be able to condemn someone for an offending fact. So, I wouldn't want to interfere in an ongoing instruction, "said Constant Mutamba.

In addition, the latter said he had set up a framework for consultation with the Attorney General at the Court of Cassation, in order to prosecute all cases related to embezzlement of public funds.
(Can only hope he follows through on his promise to review all files of corruption/ embezzlement sent to their office over the past 3 years).

Much more, the Minister also indicated that parallel investigation mechanisms against money laundering have been put in place. These mechanisms provide for unconditional confiscation of property, in accordance with Article 130 of the new Money Laundering Act.


Joslin Lomba
congo-press.com (MCP) / mediacongo.net

 

[Pokok]

Actualité | Constant Mutamba : 'Tout celui qui va détourner un seul dollar des Congolais aura sa place à la prison de Makala' | mediacongo.net

Au cours d'un briefing de presse, tenu ce mardi 23 juillet, sur les réformes du gouvernement engagées dans le secteur de la justice, le ministre...

www.mediacongo.net

Constant Mutamba: "Anyone who will hijack a single dollar from the Congolese will have his place in Makala prison"​

24.07.2024
policy
Add to Favourites

Constant Mutamba, Minister of Justice and Keeper of the Seals

During a press briefing, held on Tuesday, July 23, on the government's reforms undertaken in the justice sector, the Minister of State in charge of Justice and Keeper of the Seals, Constant Mutamba, answering the question about the perpetrators of financial embezzlement and embezzlement of public funds, indicated that anyone who will divert a single dollar from the Congolese will have his place in Makala prison.

"The Head of State gave us the mission to crack down. We will therefore be intransigent and intractable vis-à-vis all diverters of the state's public money. Anyone who will divert a single dollar from the Congolese will have his place in Makala prison. And we will reserve relentless answers to this, "he said.
Regarding the former Minister of Finance, Nicolas Kazadi Kadima, accused of embezzlement of public funds in the case of the purchase of drills and streetlights, the Minister of Justice made it known that "no one is above the law", while nevertheless evoking the principle of the presumption of innocence guaranteed by the country's Constitution.

"Alone the judge is authorized, in terms of our law, to be able to condemn someone for an offending fact. So, I wouldn't want to interfere in an ongoing instruction, "said Constant Mutamba.

In addition, the latter said he had set up a framework for consultation with the Attorney General at the Court of Cassation, in order to prosecute all cases related to embezzlement of public funds.
(Can only hope he follows through on his promise to review all files of corruption/ embezzlement sent to their office over the past 3 years).

Much more, the Minister also indicated that parallel investigation mechanisms against money laundering have been put in place. These mechanisms provide for unconditional confiscation of property, in accordance with Article 130 of the new Money Laundering Act.


Joslin Lomba
congo-press.com (MCP) / mediacongo.net

Means nothing , if you get court just say your sick and need to visit another country , NEXT

 

[wombat74]

The DRC needs to pull their finger out and sort their shit out sooner than later - they are likely going to get a better outcome while the Democrats are in power with any agreement/negotiations. Should the Republicans get in, Trump is likely to drive a tougher deal that benefits America more than the DRC - he loves the deal.

Trumpy is not one to be blackmailed - it also seems there is a theme/undercurrent that the DRC are wanting support in their boarder wars which they are seemingly trying to leverage for outcomes in mining (Felix I suspect is playing off Europe/China/America off each other).

The DRC are going to do more harm to themselves by delaying positive outcomes for Dathcoms tenement while we progress through the ICSID / ICC and the potential swing to the Republicans - but Tim (time) will tell.

The DRC reaps what they sow - at the moment it is nothing for their poor and disenfranchised population. Dathcom will assist in growing wealth in the local community of Manono for the poor and destitute.

SilentOne

Trump is a nut job ,and his new vice idiot who is a redneck Hill Billy Mountain Dew moron , is going to make sure Trump gets his arse kicked at the next election . IMO

 

[BEISHA]

Are we nearly there yet?

 

[BEISHA]

IMO if RIO were to take over as a deal with the DRC Gov I would not be surprised to see a minority stake to China (Not Zijin).
However, the longer this all takes and the further we continue to press with ICSID my view is China's strength at the negotiating table continues to erode.
If Felix wanted to please his Chinese masters I would have thought he would want a resolution sooner rather than later (like 6 months ago lol) but it will get to a point when the cat is so far out of the bag that he has no choice - whether that time is already upon him or if it is not far away I have no idea.

Would be nice to get another "Arbitration update" announcement with the next dates for all of the cases, not that it will change anything but it would give all shareholders at least something to be waiting for. The way things are going though, the next AGM if it even happens is closer to happening that it has been since the last one.

If FT was a true leader, the IGF report should of been enuff evidence to tell his chinese masters where to go, instead, he has allowed his true saviour ( AVZ ) to bleed dry and disregarded Jules Alingete great work .........all at the same time.

Its been 7 months since fat cat was re elected, what has the fuck tard achieved in that time ?

 

[BEISHA]

RHyNO,

I am of the opinion that Nigel is not in it for the Salary - It has been reported that he has 50 million + shares. If those shares are worth $1 each and he earns simple interest at 3% then he earns $1.5 million per annum. Anybody thinking that he is delaying for the piddly salary he receives is a moron in my opinion.

I am of the belief Nigel is working incredibly hard under very difficult and complex conditions to get the best ourcome for himself and shareholders.

If anything, Nigel should get a salary increase for the shit he and the board have had to endure.

And no, I will not support a $1 takeover bid not even close.

Regards,

SilentOne - do you own research

I agree with your post , Nigel deserves his salary , difficult gig to say the least, $50m options to incentivise a result, but cash balance is tight, BOD should be trimmed to bare basics, Nigel, Clarke, Cohen plus lawyers STAY.........the rest go !

survival is the name of the game right now........imo

 

[BEISHA]

This thread has become absolute crud. Rather than decent discussion, its just pissed off punters who had a crack at making multiples and are stuck and salty.

I’m one of them, with several hundred k thrown in around 40-50c.

I took a gamble in a well known shithole with a resource that was always in retrospect going to be targeted by less governed entities. My fault, I blame nobody else for where that money sits.

But I for one am enjoying the silence right now, to me it means progress. Nigel has my full support, as any alternative is goodnight in my view.

We are all stuck in this mess together, yes true, we are all salty, why wouldnt we be ?

But completely disagree with you about this thread being absolute crud.........lots of information still supplied by the faithful which i really appreciate and respect for one another is still high despite the obvious doom and gloom.

Absolute crud = HC AVZ thread, what would you prefer ?

 

[Hodlandwin69]

I wonder if those new board members are even doing anything.....

 

[JasonM]

I wonder if those new board members are even doing anything.....

collecting a salary?

I do support current mgmt and board, its our only hope, self interest is also a great motivator and nige has 50m little bits of self interest to get an outcome. However all this silence is awfully convenient, they're not exactly being held accountable to anyone. The cynic in me says we only we an update when the mmga fuckers make some noise forcing them to provide an update. The last company update was just over a month ago where they stated advanced talks on funding, mou discussions, and realisation of value opportunities being explored, etc. I understand things take time but its time they gave an update.

I'd be wrapped to get out of this with a $1 TO offer, I kind of thing it'll be far less. I'm sure we've all noticed its the worse time to be negotiating a lithium deal and the mine is located in the drc, so difficult for me to see anywhere near fair value being reached. sometimes you have to cut your losses and run, no doubt the slimey zijin scum is banking on that. yes there is a financial cost to all of this but there is also a mental health and emotional toll, I think the majority would say they've had enough and its time to get out. Of course if you're in the inner circle getting updates and collecting a salary out of avz, I tend to think it'll be a lot easier to ride this out, however I'm personally sick of being a fucking mushroom and want some of my fucking dollars back.

happy saturday

 

[Samus]

however I'm personally sick of being a fucking mushroom and want some of my fucking dollars back.

#metoo

 

[RHyNO]

I agree with your post , Nigel deserves his salary , difficult gig to say the least, $50m options to incentivise a result, but cash balance is tight, BOD should be trimmed to bare basics, Nigel, Clarke, Cohen plus lawyers STAY.........the rest go !

survival is the name of the game right now........imo

Nice and while I’m not on the best BOD on the ASX scene. Got to admit the less pale members less Perth members of the board is excellent strategy and takes consideration and insight from the big guy. Let’s hope his reward is becoming a billionaire so we can have him replace Forrest as the face of successful Australian mining.

 

[Hudnut]

I wonder if those new board members are even doing anything.....

They've already served a purpose taking votes at the last AGM.

 

[Charbella]

x.com

x.com

 

[Bin59]

 

[Cumquat Cap]

Pressure is on big time

 

[JohnJoyce]

Yes good to see it being discussed at the Top. Still
Holding out a slight glimmer of hope

 

[Frank]

x.com

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[oxxa23]

And again, fuckwit dergeist trying to fight the fight using quotes from here, in addition to the usual quoting of Jens... what a fuckwit you are dergeist

 

[Pokok]

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I read lots of x now thanks to Frank and others but lets see if it makes a difference , so far last 6 months has not helped and doubt it will change the mindset of the DRC .

 

[BEISHA]

Better late than never, but i did say i would script a letter to ....

Australia-United States Climate, Critical Minerals and Clean Energy Transformation Compact | The White House

Australia and the United States commit to enhance bilateral cooperation under a Climate, Critical Minerals and Clean Energy Transformation Compact (the

www.whitehouse.gov

many moons ago regards to AVZ plight, so here is what i have come up with.

To whom it may concern,

First of all, would like to commend the crititical mineral pact that has been initiated between the US & Australia, climate change is a massive threat to our way of life and for generations to come if action is not taken, reading between the lines, its also vital to create alternative supply chains away from China who control many of the critical mineral sectors for their own selfish reasons, not necessarily sharing our values to collaborate for the betterment of the global climate as a whole.

https://www.cnbc.com/2024/02/14/us-energy-chief-concerned-about-chinas-critical-minerals-dominance.html#:~:text=The%20end%20use%20of%20metals,rare%20earth%20minerals%20and%20materials.

So with that thought process in mind, i will get to the point of my correspondence.

Are you aware of the desperate plight of an australian explorer AVZ ?

In case you are not, AVZ discovered and defined a enormous deposit of lithium in the district of Manono, DRC.

Currently the resource size is 840 million tonnes, grade 1.6% open in all directions from surface of the ground, its purported that the true size of the deposit if fully explored and defined could be in the realm of 1.5 - 3 billion tonnes, equivalent to 30%+ of the worlds supply.

Here is a bubble chart to support what i convey, albeit the bubble chart is old and doesnt truly display the current definition.

Unfortunately, just prior to receiving a mining licence, AVZ progress was brought to a sudden halt, via the corrupted entity of Cominiere ( a instrument of the DRC govt ) and the equally corrupted Zijin Mining group which is a state owned enterprise of China . They are attempting to steal the project and subsequently, AVZ have been forced into voluntary suspension for the last 2 yrs from the ASX and recently de registered.

They are fighting a lone hand attempting to fight off the steal of the century via ICSID & ICC arbitration.

Here is a article that succinctly describes the dire plight of AVZ.

The curious case of AVZ, the Congo and the biggest lithium deposit on the planet

The fight over AVZ Minerals’ mega-lithium deposit in the DRC conjures up images of the whacky Cantina bar scene in Star Wars. A recent court ruling, however, may have reset the playing field in AVZ’s favour.

thewest.com.au

AVZ have a very strong case to win the arbitration cases ( they have already had many preliminary victories ) but unfortunately are running out of funds, which is what China is counting on. ICC & ICSID arbitration cases takes a long time to determine a verdict, could be years, funding that course of time AVZ dont have without external assistance

If China successfully steals the Manono lithium deposit, they effectively control the lithium sector world wide to their own advantage, like they do with rare earths, nickle, copper, cobalt etc.

Now by my research, the US is very keen to collaborate with the DRC / Africa via this initiative..

Africa's Lobito Corridor Railway Provides Huge International Opportunity

The Lobito Corridor could be Africa's most important railway and will likely unlock growth across three African countries and beyond.

www.uschamber.com

No doubt with a view to get a foot in the door to access the vast critical minerals they have to offer which at the moment, only China is taking advantage of via their long term presence and influence over 30 years or more.

So in conclusion, if you were not aware of this dire situation, you are now, so it begs the question, could the US assist AVZ in some way in its ongoing geopolitical fight to retain its right to mine the manono lithium deposit ?

This is a enormous deposit which would greatly enhance the critical mineral pact intitiative that has been enacted between US & Australia.

Alternatively, would the US contemplate a take over for AVZ ( Albermarle springs to mind ) to ensure the enormous lithium deposit stays outside of China control ? Possible leveredge in return for the Lobito initiative ?

Other thoughts could be a bi partisan ( US & Australia ) diplomatic mission to provide DRC govt an alternative investment thesis against the back drop of the corrupt business practices of China, whos only goal is to rape and pillage DRC vast mineral capacity for self gain , with little care given to the economic or environmental welfare of the DRC.

After all, despite DRC vast mineral wealth, they still remain one of the poorest countries in the world with a severe lack of infastructure to show for it........yes , internal corruption remains rife and certainly has played a part in their demise, but its also a fact that the investment dollars received by China isnt cutting the mustard so to speak.

There is evidence from the newly re elected DRC govt to change their endemic corrupt practices and seek alternative foreign investment to improve their way of life, so it presents a great opportunity for the US / Australia to provide a alternative vision.

I am not naive to the fact that the US has alot on its plate at the moment far more important than the plight of AVZ and the possibility of China taking control of yet another critical mineral sector regards to lithium ( upcoming US election, ongoing war regards to Israel / Hamas / Palestine and Ukraine / Russia etc etc )... but if there is any way that my correspondence could garner a reply in any capacity, it would be greatly appreciated !

Kind Regards

So there it is folks, i leave this letter in your hands for critique, if everyone is satisfied as to the content and articulation , i will go ahead and send, if any one else wishes to copy and paste and send to other authorities such as US DOE, FIRB, DOISR Australia or other......be my guest. @Carlos Danger , @Dave Evans , @TheCount , @Samus , @cruiser51 , @Flexi any other twitter warrior springs to mind...

Just doing my little bit to aid the AVZ cause, it may not eventuate to anything but at this stage of the game, "nothing ventured, nothing gained"

cheers