AVZ Discussion 2022

Uglybob

Regular
The thing with Trump is that if he does intervene in the DRC/Manolo (and I doubt he will), it’ll be so that the USA controls the resource.
He’s not motivated by doing the right thing, he does what he perceives benefits himself.
The only sort of deal AVZ would end up with is discontinue legal action, hand over the resource to a USA company and get paid bottom dollar. IMO.
Trump is a bully and he’ll happily screw us while we are in trouble.
Unfortunately I agree with this. According to the orange turnip, a good deal means there's a winner and a loser. I can't see any deal in which Trump is directly involved being a win for AVZ unless he inadvertently wipes out one of out adversaries in an unrelated manner.
 
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M.Bison

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Unfortunately I agree with this. According to the orange turnip, a good deal means there's a winner and a loser. I can't see any deal in which Trump is directly involved being a win for AVZ unless he inadvertently wipes out one of out adversaries in an unrelated manner.
I'd say the loser would be China. But we could definitely be the loser alongside them.
 
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Rediah

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Brisbane’s in for a rough one with Cyclone Alfred closing in—stay safe, everyone in the area. 🙏


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geo_au

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PhatCatz

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Flight996

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The thing with Trump is that if he does intervene in the DRC/Manolo (and I doubt he will), it’ll be so that the USA controls the resource.
He’s not motivated by doing the right thing, he does what he perceives benefits himself.
The only sort of deal AVZ would end up with is discontinue legal action, hand over the resource to a USA company and get paid bottom dollar. IMO.
Trump is a bully and he’ll happily screw us while we are in trouble.

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I wonder if the orange buffoon can exploit this situation to get western access to the DRC's new age minerals, and in the process freeze out China and support AVZ in its fight for survival.

Trump may be a crass narcissist with few redeeming qualities, but he's still way ahead of King Felix-the-corrupt in terms of negotiating skills and resources he can bring to the table. I'm also sure his Nazi mate will be right in his ear about the value of Manono.

Cheers
F

PS. Thinking about all our QLD members.
 
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cruiser51

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View attachment 78683

I wonder if the orange buffoon can exploit this situation to get western access to the DRC's new age minerals, and in the process freeze out China and support AVZ in its fight for survival.

Trump may be a crass narcissist with few redeeming qualities, but he's still way ahead of King Felix-the-corrupt in terms of negotiating skills and resources he can bring to the table. I'm also sure his Nazi mate will be right in his ear about the value of Manono.

Cheers
F

PS. Thinking about all our QLD members.
It is pretty obvious fat Felix’s training stopped at delivering pizzas in Brussels
 
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whales

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Retrobyte

Hates a beer
It is pretty obvious fat Felix’s training stopped at delivering pizzas in Brussels

I don't think many of the pizzas he was supposed to deliver ever reached their destination.
 
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Frank

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Congo Courts Trump for Strategic Minerals Tie-Up as War Looms

The Democratic Republic of Congo has offered the US exclusive access to critical minerals and infrastructure projects in exchange for security assistance as it battles a rebellion backed by neighboring Rwanda.

In a letter to US Secretary of State Marco Rubio, Congo asked for an urgent meeting between Presidents Felix Tshisekedi and Donald Trump to discuss a pact that would give American companies access to some of the most coveted minerals for the energy transition.

“As the world’s largest supplier of cobalt and a major producer of lithium, tantalum and uranium, the DRC’s resources are integral to US industrial competitiveness and national security,” an Africa-US business group lobbying on Congo’s behalf said in the letter.

A partnership “presents a unique opportunity for the United States to establish a reliable and exclusive supply chain.”

The invitation to exploit Congo’s vast resources shows Tshisekedi has become increasingly desperate in his fight against Rwanda, which supports a rebel group that’s threatened to overthrow his government and seized a wide swath of the country’s mineral-rich east.


The Trump administration is “open to discussing partnerships in this sector,” the US State Department said in an email.

“Partnerships with US companies will strengthen both US and DRC economies.”

But any deal is likely a long way off.

Trump’s predecessor, Joe Biden, struggled to interest US firms in Congo’s minerals amid concerns about corruption, environmental degradation and labor issues.

The US has also been reluctant to assist Congo’s military, which has been accused of human-rights abuses.

Tricky Negotiations

“For the DRC, this would likely involve lengthy, tricky renegotiations of mining contracts, while it is difficult to see the Trump administration being able to mobilize US investors,” said Joshua Walker, program director for the Congo Research Group at New York University’s Center on International Cooperation.


“And it is still unclear whether the new administration will commit significant resources to ending Rwandan aggression in the DRC.”

The letter was one of several sent to senior US officials last month, offering a Congolese deal similar to the Trump administration’s proposed minerals-for-security arrangements with Ukraine, which fell apart last week.

Congo’s mining industry, which is also the world’s second-biggest source of copper, is dominated by Chinese companies.

A tie-up with the US would allow Tshisekedi to “shift away from China’s dominant influence and strengthen economic ties with the West,” the lobby group said.

The letter offers US companies operational control and “exclusive extraction and export rights.”

It also proposes involvement in a planned deep-water port on Congo’s Atlantic coast and the establishment of a joint strategic mineral stockpile.


In exchange, the US would provide training and equipment for Congo’s armed forces as well as direct security assistance.

It would have access to military bases “to protect strategic resources.”

The letter, disclosed on the Foreign Agents Registration Act website, was sent by lobbyist Aaron Poynton of the Africa-USA Business Council on behalf of Pierre Kanda Kalambayi, chair of the Congolese Senate’s Committee on Defense, Security and Border Protection.

Similar letters were also addressed to the heads of the House and Senate Foreign Relations Committees, Republican Senator Ted Cruz, Commerce Secretary Howard Lutnick and Republican Representative Rob Wittman, who chairs the House Critical Minerals Policy Working Group.

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pow4ade

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View attachment 78683

I wonder if the orange buffoon can exploit this situation to get western access to the DRC's new age minerals, and in the process freeze out China and support AVZ in its fight for survival.

Trump may be a crass narcissist with few redeeming qualities, but he's still way ahead of King Felix-the-corrupt in terms of negotiating skills and resources he can bring to the table. I'm also sure his Nazi mate will be right in his ear about the value of Manono.

Cheers
F

PS. Thinking about all our QLD members.
The way Trump foresees the Ukraine deal is that US mining activity in contested areas offers a natural deterrent against future attacks and incursions from Russia.

Optimistic for sure and only possible with Russia's imprimatur via a peace deal. Yet he claims Putin never broke a ceasefire with him so fair enough, we'll see.

For a comparable deal in the DRC to proceed Trump would need to curb Rwanda's involvement and ambitions in the east. Which he could probably achieve given existing EU, UK and US involvement/influence in Rwanda.

Yet aside from sorting security issues, attracting private investors into volatile jurisdictions is the other big challenge:

As additional countries, such as the Democratic Republic of the Congo, seek a similar deal, understanding the terms of the Ukraine deal and its likely efficacy has important implications for U.S. mineral security.

https://www.csis.org/analysis/breaking-down-us-ukraine-minerals-deal
 
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cruiser51

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Mute22

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I'm in two minds of what might be happening. Perhaps Felix is as coy as he is greedy, which you would have to be to climb to the top of the crab bucket.

What if he had been withholding intervening in the Manono file until he could use it as leverage in a negotiation for Western aid, in this case from the US against M23. It would be part of the broader 'Critical Minerals' offer that they allow US/Western involvement in the mine. Perhaps Nigel is looking for a US buyer to get out of dodge to align with this.

Alternatively, and probably just as likely, the corrupt have been told that AVZ was just going to be bleed out / go away and that obviously hasn't happened. So now they are burying their head in the sand and we will be going to the courts. I believe we will win, but they have plenty of time to arrange their plans to escape the country, or shift the blame elsewhere and keep the local public in the dark.

We have heard multiple times from journalists and those who have worked in the DRC, that the bravado is just as high as the corruption for these types of officials. They may genuinely believe, or have been told by Zijin they can slip by in the courts - or just don't care about the outcome because it will be the country that suffers further and not them personally.
 
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wombat74

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I'm in two minds of what might be happening. Perhaps Felix is as coy as he is greedy, which you would have to be to climb to the top of the crab bucket.

What if he had been withholding intervening in the Manono file until he could use it as leverage in a negotiation for Western aid, in this case from the US against M23. It would be part of the broader 'Critical Minerals' offer that they allow US/Western involvement in the mine. Perhaps Nigel is looking for a US buyer to get out of dodge to align with this.

Alternatively, and probably just as likely, the corrupt have been told that AVZ was just going to be bleed out / go away and that obviously hasn't happened. So now they are burying their head in the sand and we will be going to the courts. I believe we will win, but they have plenty of time to arrange their plans to escape the country, or shift the blame elsewhere and keep the local public in the dark.

We have heard multiple times from journalists and those who have worked in the DRC, that the bravado is just as high as the corruption for these types of officials. They may genuinely believe, or have been told by Zijin they can slip by in the courts - or just don't care about the outcome because it will be the country that suffers further and not them personally.
Felix doesn't control Manono .Unfortunately China does . My guess is China want the USA to clean up Felix's mess , because they don't want to do it themselves . Any mineral deals done with the US will need approval from Beijing . Roche Dure is definitely not part of it . I'm looking forward to our collaboration with Cath getting over the line prior to the ICSID hearing taking place 🤞. IMO
 
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Frank

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Towards the creation of a Special Financial Court to fight against economic crimes

As part of the reform of the judicial architecture in the Democratic Republic of Congo, a Special Financial Court is being designed.

This new judicial body will have the main mission of suppressing economic and financial crimes, fighting corruption and ensuring transparency in public procurement.

During a working session on Monday, March 3, legal experts from the Ministry of Justice discussed with legislators and constitutional experts the legal options to be taken for the establishment of this specialized jurisdiction.

Jacques Ndjoli, rapporteur of the National Assembly, stressed the importance of adopting a legislative text in accordance with the Constitution to guarantee the effectiveness of this court.

With a view to the parliamentary session starting on March 15, Jacques Ndjoli insisted on the fact that this reform must be treated as a priority within Parliament.

This is a key step in the rebuilding of the State, in response to the commitments made during the Estates General of Justice.

The establishment of a Special Financial Court reflects the Congolese government's desire to strengthen the fight against impunity in the management of public finances.

This court will accelerate the prosecution of perpetrators of embezzlement of public funds and corruption, while encouraging more transparent and responsible management of State resources.

With this initiative, the DRC is committed to modernizing its judicial system and strengthening the rule of law, with a particular emphasis on the fight against financial crime.


mediacongo

*Here is a good place to start !!! 🤬

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wombat74

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Hey Nells you seem to have the giggles a lot these days . Spill the beans . What's so funny ?
 
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Frank

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