AVZ Discussion 2022
- Thread starter GazDix
- Start date
Good post Dave, but where i think wombat was coming from is we want national and potential international media exposure , which only a big media enterprise like 60 minutes , Current Affair, Spotlight , maybe even Al Jezerra, Reuters, Bloomberg etc can provide.The media has been involved Wombat. Notably, some media reports in the DRC like this one have been removed, possibly by the DRC
View attachment 73232
It is now a state affair that the Australian government is following.
In a detailed press release of October 30, 2023 for all, AVZ Minerals provides the following update to the Company's shareholders, in Cominière, Zijin and public opinion Response to Zijin's announcement and announces the filing of an emergency decree request before an international court to secure its rights in the Dathcom Mining joint venture.
Other media reports like this one below still exist
AVZ reiterates its position on the favorable decision in the ICC's emergency arbitration proceedings against Cominière AVZ Minerals Limited
November 5, 2023 Mining
AVZ réitère sa position sur la décision favorable dans la procédure d’arbitrage d’urgence de la CCI contre Cominière AVZ Minerals Limited
AVZ fait de nouveau référence à ses annonces « Nouvelle action en justice pour affirmer des intérêts dans le Projet Manono » et « Décision favorable dans la procédure d'arbitrage d'urgence de la CCI contre Cominière » dans le cadre d'une procédure d'arbitrage devant la Cour Internationale...miningnewsmagazine.org
This was another one also possibly removed by the DRC which had detailed and substantial information on the corrupt seizing of our project
View attachment 73233
Here’s one by Global Witness
Global Witness
ARTICLE | NOV. 14, 2023
DRC’s stalled Manono project: shell companies profit while Congolese citizens wait for change
DRC is home to what some believe to be the world’s biggest lithium deposit. The estimated 6.6 million tons of lithium in the earth around the remote town of Manono could transform its economic fortunes and place it at the forefront of the green energy revolution
The Lithium Rush in Africa | Global Witness
Global Witness investigated three emerging lithium mines in Africa, uncovering corruption and a range of environmental, social and governance issues.www.globalwitness.org
Here’s another one that was possibly removed by the DRC
View attachment 73234
Here’s one by Franck Fwamba
View attachment 73235
Franck Fwamba, Auteur à Leaders
leaders.lu
Here’s one by AXINO CAPITAL
View attachment 73236
Here’s one by Matt Birney
View attachment 73237
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 where all the characters have two heads or three arms and an armoury of weapons to wield. A recent court ruling, however, has reset the playing field in AVZ’s favour as...www.businessnews.com.au
Here’s a few more
View attachment 73238
Tous pour la RDC
Plusieurs rédactions congolaises ont appris du Cabinet MOMENTUM qu’il y aura audience au TRICOM ce lundi 25 mars 2024, sur la requête de La Cominière enregistrée sous le RAC 3268 – pour la dissolution de Dathcom Mining SA, concernant le contrôle du grand gisement de lithium de Manonotouspourlardc.org
View attachment 73239
AVZ Minerals: From $6 million to a $4.5 billion delisting. Inside the Congo lithium saga
AVZ Minerals soared from ASX small-cap stock to a billion-dollar company. Now, their Congo lithium deal hangs in the balance. Will delisting be the final blow?articles.equitiesclub.com
By the way mate, keep an eye out for the trolls lurking, the ones who constantly try and devalue our project and the ones who said we shouldn’t have pursued arbitration in the international courts. They’re obviously getting more frustrated at the lack of information ahead of the AGM.
As a reminder, here’s what the Fat Tail Holdings group who tried to roll our BOD said ahead of the last AGM
“THE MOVE BY THE FAT TAIL HOLDINGS GROUP IS NOT A HOSTILE ACTION”
and
“THEY DID NOT SEEK TO REMOVE SHAREHOLDERS"
Then they sent out public and private statements, social media announcements, 9 emails, videos and mailed notices to shareholders over 20 days ahead of the 2023 AGM that said….
“THE ENTIRE AVZ BOARD MUST RESIGN”
“THE POSITION OF THE INCUMBENT BOARD IS UNTENABLE”
“THEIR TIME IS UP”
“THE BOD MUST RESIGN IMMEDIATELY”
Then they went on to say that AVZ’s litigation was “COUNTER PRODUCTIVE” and “HOSTILE” and how 3 large Chinese shareholders were voting against our BOD and “explicitly supporting the appointment of MMGA-nominated directors”.
In one video they “acknowledged AVZ’s 75% interest in Dathcom and Dathomir’s apparent reneging on the contract” and ended that video by saying “We are not interested in the fairness of it” and “You know, we have no vested interest in the dispute”
One member of the Fat Tail Holdings (MMGA) Group said he “Couldn’t understand why AVZ can’t get on with Dathomir or Cominiere.”
This in spite of Cominiere breaching AVZ’s First Right of Refusal (FROR) contract and the DRC Inspector General of Finance Report showing
“VIOLATIONS”
“ACTS THAT CANNOT BE JUSTIFIED”
“ILLEGAL TRANSFERS OF MINING TITLES”
AND
“THE ILLEGAL SEIZING OF DATHCOM'S PR13359” BY COMINIERE AGAINST AVZ MINERALS.
Recently 57 million shares were acquired by Resource Capital Investments through offers that were said to be a “TAKEOVER” and then a “BUYBACK” offer.
Resource Capital Investments claimed it was “OF THE OPINION THAT NO SIGNIFICANT VALUE CAN CURRENTLY BE PLACED ON AVZ SHARES”
We have a defined lithium pegmatite deposit of 840 million tonnes (equal to 13.5 million tonnes of Li2O) multiplied by today’s price which is at a low) of US$800/tonne = $US10.8 billion.
Thats AU$15,654,000,000.00
= $15 billion 654 million Australian dollars
= > $4 per share
Li2O has been over US$8000/tonne
= Over $150 billion Australian dollars
= > $40 per share
Benchmark Minerals and other lithium analysts forecast short term future prices of between $1000-$2000/t and a future shortage in supply against demand
From what I gather from my own personal research is that the DRC have lied and colluded against us and can’t be trusted, and KoBold is interested in acquiring Manono. Apart from that I’ve got my own views on why the Locke funding hasn’t been announced yet but I’m confident we’ll get it.
I don’t have any specific sources, it’s just my opinions formed from my own research
Think big, which Manono is and the global significance it brings.
China & DRC need to shamed and squeezed in a BIG way , not minor.
imo
Lucas Don Velor
Regular
Offered for what? North, South, Hydro, all 3???
Why is everyone being so harsh on Geo? he's merely asked what price you think we'd get, maybe that's a subtle hint that we're taking bids right now. I bloody hope so.
$1.50 will do me, but I think we're worth more to the Chinese frauds who know how to deal with the RDC, so give us $2 you lowballing scumbags
Oh and add another $0.50 compensation if its Zijin or CATH to make all the court cases go away and to keep your name out of the mud(even though they're sure to drag themselves in more mud down the track, but that's not on us)
$1.50 will do me, but I think we're worth more to the Chinese frauds who know how to deal with the RDC, so give us $2 you lowballing scumbags
Oh and add another $0.50 compensation if its Zijin or CATH to make all the court cases go away and to keep your name out of the mud(even though they're sure to drag themselves in more mud down the track, but that's not on us)
Wel, if it's compensation with a Zijin premium you're after, I believe the going rate is around $42b (although, I might be wrong - too many zeroes on my calculator to be assured of the right result......). But I think somewhere between the various numbers thrown around will do me. Due to circumstances outside of my control, I've been holding down 5 part-time and casual jobs to keep my head above water since this all went down. As far as I'm concerned, I want to see an endgame, not further absence of information limbo.
I know your name in Arabic
Winenut
Go AVZ!
Fucking Geo dropping hints wink wink then disappearing off the face of the earth and then coming back on here and asking what we think it's worth at auction???
Wow
I'm almost on the ignore button.....(if there is one here never reallly looked before
)
For the record I'm looking at US$10Billion
Love that number
Looks great
No...no....wait
Zijin premium ...fuckers
US$12Billion
There you go Geo........more than happy with that
Wow
I'm almost on the ignore button.....(if there is one here never reallly looked before
)For the record I'm looking at US$10Billion
Love that number
Looks great
No...no....wait
Zijin premium ...fuckers
US$12Billion
There you go Geo........more than happy with that
To Geo defenceFucking Geo dropping hints wink wink then disappearing off the face of the earth and then coming back on here and asking what we think it's worth at auction???
Wow
I'm almost on the ignore button.....(if there is one here never reallly looked before
For the record I'm looking at US$10Billion
Love that number
Looks great
No...no....wait
Zijin premium ...fuckers
US$12Billion
There you go Geo........more than happy with that
Would rather have some hope offered than no news at all.
Or going through the courts then waiting 5 or more years for a possible payout.
Will know soon enough with AGM .
Frank
Top 20
Congo’s Gecamines offers $1 million to block Chinese deal with Chemaf
The Democratic Republic of Congo’s state miner Gecamines is offering $1 million to buy cobalt and copper assets of indebted mining firm Chemaf to prevent China from increasing its control of critical metals in the country, two sources familiar with the details told Reuters.
Chemaf, a partner of commodities trader Trafigura, agreed to sell its copper and cobalt assets to Chinese defence and industrial giant, China North Industries Corp, or Norinco, in June.
Gecamines, which owns the lease to Chemaf’s mines, whose copper and cobalt are used in electric vehicles and clean energy infrastructure, was asked by Chemaf to approve the sale, but declined.
Gecamines later submitted an unsolicited bid for the Chemaf assets, deepening a standoff that has been complicated by US officials lobbying against China’s grip on the mineral-rich central African Copperbelt.
Chinese companies are major investors in Congo’s mining sector.
CMOC Group is now the world’s biggest cobalt miner as it boosts output at Tenke Fungurume mine it bought from US-based Freeport-McMoRan just four years ago.
Gecamines offered to pay just under $1 million for the mines and processing plant, and wants to conduct an audit of Chemaf’s debts before structuring a payment plan to settle the borrowing, said the sources, who cannot be named because of the sensitivity of the matter.
Chemaf, whose debts have ballooned to $900 million to $1 billion, needs an additional $300 million to expand output and operate profitably, the sources said.
Norinco has offered between $900 million and $1 billion, including settling Chemaf’s debts and outstanding taxes, one of the sources said.
The Chinese miner also pledged to advance Chemaf’s plans to raise copper and cobalt output to about 75,000 metric tons and 25,000 tons, respectively, the source added.
Chemaf, which has been operating for the past 20 years, said on its website it has invested more than $610 million developing the second phase of Etoile and Mutoshi mines.
“I can confirm we made a better offer than Norinco did, subject to us conducting due diligence of the debt,” Gecamines chairman Robert Lukama told Reuters.
“And more importantly the government declined, and already informed Chemaf by letter that they will not accept the Norinco transaction and we also confirm that we will not give another chance to anyone else other than ourselves,” Lukama added.
Norinco’s move has drawn scrutiny by the US, with State Department officials lobbying Congo to block the deal, three sources told Reuters.
The US wants Congo to find an alternative to Norinco, one of the three sources said.
Cash crunch deepens
The stalled deal has worsened Chemaf’s finances and if it fails completely, the Congolese miner’s key backers, including Trafigura, may either lend more or risk a prolonged period of uncertainty recovering their investments, the sources said.
“The lenders and creditors of Chemaf have faced significant financial hardship for more than 12 months as a result of money owing to them not being paid in accordance with the terms of loans, credit provided and invoices submitted for payment,” one of the sources said.
Chemaf is only processing stockpiles from its Etoile mine as expansion work at Mutoshi mine was halted when financing dried up, the sources said. The company is struggling to pay the salaries of its 3,500 workers, its power bills and security guards manning the sites, the sources said.
Chemaf declined to comment.
Chemaf entered into a 24-month creditors’ protection agreement in August 2023 that lapses next year. While the miner could also seek interim financing, its lenders want to see the Norinco deal concluded as soon as possible, one of the sources added.
Trafigura, one of the main creditors, declined to comment.
US officials are also rallying Western companies to consider buying the Chemaf assets, the sources said.
Norinco, which was sanctioned by the US since 2021, did not immediately respond to emailed queries. In Congo, it owns the Comika and Lamikal copper and cobalt mines in partnership with Gecamines.
Ivanhoe's Kipushi zinc mine in the DRC officially reopens
DRC President Félix Tshisekedi, alongside Ivanhoe Mines president Marna Cloete and Gécamines chairman Guy Robert Lukama, cuts the ribbon to mark the formal reopening of the Kipushi mine.
Democratic Republic of the Congo’s Kipushi zinc-copper-lead-germanium mine officially opened on Thursday as President Félix Tshisekedi conducted the ribbon-cutting ceremony.
The high-grade mine is a joint venture between Ivanhoe Mines and DRC state-owned miner Gécamines.
Also present at the mine opening ceremony were DRC First Lady Denise Nyakeru Tshisekedi, as well as President of the Senate, three vice prime ministers, eight national ministers, and the governor of Haut-Katanga.
The announcement sent Ivanhoe’s stock 2% higher at C$19.10 by 1:45 p.m. EDT, giving the Vancouver-based miner a market capitalization of C$25.8 billion ($18.5bn).
In June, the JV partners restarted production at the Kipushi mine 31 years after it was put on care and maintenance.
The restart marks exactly a century since the mine first went into production.
“The reopening of the Kipushi mine represents not only a milestone for sustainable resource development but also a promise of economic empowerment for our local communities,” Ivanhoe Mines president Marna Cloete said in a media release Thursday.
“The Kipushi mine was the beating heart of the Kipushi town since operations first began 100 years ago … Today, its heart has been revived, and the resumption of operations is an opportunity for a new economic paradigm,” added Gécamines chairman Guy-Robert Lukama Nkunzi.
This year, the Kipushi mine is expected to deliver total production of 50,000 to 70,000 tonnes of zinc in concentrate, which represents half of what Ivanhoe initially had forecasted.
Over the next five years, Kipushi’s payable zinc production is expected to average 278,000 tonnes.
mining.com
Misfits
Regular
Can’t happen until we have a ML in hand. At this stage, we have nothing until then.
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