BRICK
Regular
Wow. Cool nice to have a response! Youd never get this over at the insane asslyum.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Frank
Top 20
Tanganyika: Zoe Kabila ousted
The total of 13 deputies out of the 25 in the Provincial Assembly of Tanganyika voted for the dismissal of Zoé Kabila as governor of this province.
The brother of Joseph Kabila was expected to present the means of his defense following the grievances alleged against him.
Absent from Kalemie, Governor Zoé Kabila Mwanza Mbala did not appear at the plenary on Thursday.
This led the deputies to proceed with his dismissal.
Among the charges retained by the provincial deputies members of the Sacred Union of the Nation against Zoé Kabila, there is the mismanagement of the province, the lack of respect towards the institution Provincial Assembly as well as other national institutions.
Long before, two members of the office of the Provincial Assembly close to the governor had been dismissed.
Joseph Kabila & Zoé Kabila
Food for thought ( Peas in a Pod ) on the Road to Mining Manono
Frank
Last edited:
Frank
Top 20
DRC Mining Week and duty of sustainable development: "mines should promote the production of electrical energy for the population"
In parallel to the DRC Mining Week which was held in Lubumbashi from June 01 to 03, 2022, more than thirty researchers, human rights defenders and journalists from the four provinces from the former Katanga met, this Friday, June 03 at Café Lattecious Panda, with the embassies of Great Britain and the Country.
According to the Human Rights Research Institute (IRDH), the meeting was about discussing issues relating to mining governance, human rights and 2023 elections.
At the end of the work of reflection, the participants underlined the greatest concern relating to the mining sector and the sustainable socio-economic development of the provinces of Haut-Katanga and Lualaba already subject to rapid growth and strong demographic pressures, reports the IRDH in a press release.
Having become the largest meeting of multinational mining companies operating in the DRC, DRC Mining Week, sponsored by the Glencore Group, welcomed this edition more than 3,000 people who exhibited products and know-how of their companies at Pullman Grand Hotel Karavia.
The event was an opportunity for Justicia ASBL to invite NGOs from Katanga to discuss with diplomats present in Lubumbashi.
"Instead of absorbing all the electrical energy intended for the big cities of Greater Katanga, in particular, Lubumbashi, Likasi and Kolwezi, mining companies should support the construction of hydroelectric dams consecutively to their needs", said Maître Hubert Tshiswaka of IRDH to diplomats and human rights defenders.
For NGOs, the development of the mining industry implies ipso facto investments in the production of electrical energy, in order to ensure access to energy for all.
In this case, the IRDH press release specifies, the NGOs recalled that mining companies and their financial partners should insist on the legal, economic, social and environmental requirements in the production of electricity in Grand Katanga.
It is under these conditions that they expressed their encouragement for the construction of hydroelectric power stations in Sombwe and Busanga.
“Through participatory and inclusive management of environmental protection, European, Canadian, American, Chinese and Australian multinational companies with a strong presence in the Congolese mining sector should enable local communities to improve their quality of life, without compromising that of future generations or of biodiversity”, maintained Master Mbuya Timothée, President of Justicia ASBL.
Furthermore, the NGOs recommend UNDP support for these two projects in Katanga, just as it supports the hydroelectric dams financed by the European Union at Matebe Rudahira (Territory of Rutshuru), Mutwanga (Territory of Beni) and Luhiro (Territory of Lubero), in the province of North Kivu, or the Nzoro I, Nzoro II and Azambi dams on the Kibali River, in the province of Haut-Uélé.
They encourage the maintenance of the vigilance required of the International Union for the Conservation of Nature and its Resources (IUCN), the Congolese Ministries of the Environment and Mines, as well as the Congolese Institute for the Conservation of Nature ( ICCN).
www.mediacongo.net
To Remind,
“As the market wrestles between long-term supply security to fuel the lithium-ion economy, and increasingly market-led pricing mechanisms to incentivise supply growth, the era of lithium market volatility is likely just beginning.”
*New lithium supply comes at a higher cost base as deposits with unconventional mineralogy, lower grades, and higher strip ratios are developed and new, often smaller, converters struggle to keep costs down.
www.mining.com/benchmark-heres-what-goldman-got-wrong-about-lithium-prices
In parallel to the DRC Mining Week which was held in Lubumbashi from June 01 to 03, 2022, more than thirty researchers, human rights defenders and journalists from the four provinces from the former Katanga met, this Friday, June 03 at Café Lattecious Panda, with the embassies of Great Britain and the Country.
According to the Human Rights Research Institute (IRDH), the meeting was about discussing issues relating to mining governance, human rights and 2023 elections.
At the end of the work of reflection, the participants underlined the greatest concern relating to the mining sector and the sustainable socio-economic development of the provinces of Haut-Katanga and Lualaba already subject to rapid growth and strong demographic pressures, reports the IRDH in a press release.
Having become the largest meeting of multinational mining companies operating in the DRC, DRC Mining Week, sponsored by the Glencore Group, welcomed this edition more than 3,000 people who exhibited products and know-how of their companies at Pullman Grand Hotel Karavia.
The event was an opportunity for Justicia ASBL to invite NGOs from Katanga to discuss with diplomats present in Lubumbashi.
"Instead of absorbing all the electrical energy intended for the big cities of Greater Katanga, in particular, Lubumbashi, Likasi and Kolwezi, mining companies should support the construction of hydroelectric dams consecutively to their needs", said Maître Hubert Tshiswaka of IRDH to diplomats and human rights defenders.
For NGOs, the development of the mining industry implies ipso facto investments in the production of electrical energy, in order to ensure access to energy for all.
In this case, the IRDH press release specifies, the NGOs recalled that mining companies and their financial partners should insist on the legal, economic, social and environmental requirements in the production of electricity in Grand Katanga.
It is under these conditions that they expressed their encouragement for the construction of hydroelectric power stations in Sombwe and Busanga.
“Through participatory and inclusive management of environmental protection, European, Canadian, American, Chinese and Australian multinational companies with a strong presence in the Congolese mining sector should enable local communities to improve their quality of life, without compromising that of future generations or of biodiversity”, maintained Master Mbuya Timothée, President of Justicia ASBL.
Furthermore, the NGOs recommend UNDP support for these two projects in Katanga, just as it supports the hydroelectric dams financed by the European Union at Matebe Rudahira (Territory of Rutshuru), Mutwanga (Territory of Beni) and Luhiro (Territory of Lubero), in the province of North Kivu, or the Nzoro I, Nzoro II and Azambi dams on the Kibali River, in the province of Haut-Uélé.
They encourage the maintenance of the vigilance required of the International Union for the Conservation of Nature and its Resources (IUCN), the Congolese Ministries of the Environment and Mines, as well as the Congolese Institute for the Conservation of Nature ( ICCN).
www.mediacongo.net
To Remind,
“As the market wrestles between long-term supply security to fuel the lithium-ion economy, and increasingly market-led pricing mechanisms to incentivise supply growth, the era of lithium market volatility is likely just beginning.”
*New lithium supply comes at a higher cost base as deposits with unconventional mineralogy, lower grades, and higher strip ratios are developed and new, often smaller, converters struggle to keep costs down.
www.mining.com/benchmark-heres-what-goldman-got-wrong-about-lithium-prices
Samus
Top 20
Perhaps more like less power to influence negative outcomes when it comes to issues surrounding things like the mine development, infrastructure permitting or the HEPP agreement was my thoughts.
Given it would suit political opposition to impede development the government's flagship projects.
DOW down another 880 pts over night...................8.6% inflation for the month of May...........
Gasoline one of the biggest hurts.
More interest rate hikes on the cards.
Gonna be a tight rope of reigning that percentage in , without causing a recession.
The MACRO is one sad puppy, but the SILVER LINING ........its going to accelerate the EV REVOULTION, its also going to be a tough lesson for countries that RELY too much on other countries for their goods and services, namely Russia and China.
Each and every country needs to develop their own manufacturing and be prepared to pay a bit more for local produce.
The DRC has a golden opportunity to do just that with AVZ and the BATTERY HUB plus alot more, this will be a massive boon for their people, but only will be realised once past and present corruption is nullified and prosecuted to the full extent of the law......aka KABILA & ZIJIN plus others.
I get the feeling , thats exactly what Felix is currently doing behind closed doors.
I will be posting some MACRO charts , plus adding another video to the ROBIN HOOD TA EDUCATION thread, so look out for that if you are that way inclined.
imo
Gasoline one of the biggest hurts.
More interest rate hikes on the cards.
Gonna be a tight rope of reigning that percentage in , without causing a recession.
The MACRO is one sad puppy, but the SILVER LINING ........its going to accelerate the EV REVOULTION, its also going to be a tough lesson for countries that RELY too much on other countries for their goods and services, namely Russia and China.
Each and every country needs to develop their own manufacturing and be prepared to pay a bit more for local produce.
The DRC has a golden opportunity to do just that with AVZ and the BATTERY HUB plus alot more, this will be a massive boon for their people, but only will be realised once past and present corruption is nullified and prosecuted to the full extent of the law......aka KABILA & ZIJIN plus others.
I get the feeling , thats exactly what Felix is currently doing behind closed doors.
I will be posting some MACRO charts , plus adding another video to the ROBIN HOOD TA EDUCATION thread, so look out for that if you are that way inclined.
imo
Damn I love this suspension . Keep milking it Nige .DOW down another 880 pts over night...................8.6% inflation for the month of May...........
Gasoline one of the biggest hurts.
More interest rate hikes on the cards.
Gonna be a tight rope of reigning that percentage in , without causing a recession.
View attachment 9041
The MACRO is one sad puppy, but the SILVER LINING ........its going to accelerate the EV REVOULTION, its also going to be a tough lesson for countries that RELY too much on other countries for their goods and services, namely Russia and China.
Each and every country needs to develop their own manufacturing and be prepared to pay a bit more for local produce.
The DRC has a golden opportunity to do just that with AVZ and the BATTERY HUB plus alot more, this will be a massive boon for their people, but only will be realised once past and present corruption is nullified and prosecuted to the full extent of the law......aka KABILA & ZIJIN plus others.
I get the feeling , thats exactly what Felix is currently doing behind closed doors.
I will be posting some MACRO charts , plus adding another video to the ROBIN HOOD TA EDUCATION thread, so look out for that if you are that way inclined.
View attachment 9047
imo
Frank
Top 20
DOW down another 880 pts over night...................8.6% inflation for the month of May...........
Gasoline one of the biggest hurts.
More interest rate hikes on the cards.
Gonna be a tight rope of reigning that percentage in , without causing a recession.
View attachment 9041
The MACRO is one sad puppy, but the SILVER LINING ........its going to accelerate the EV REVOLUTION, its also going to be a tough lesson for countries that RELY too much on other countries for their goods and services, namely Russia and China.
Each and every country needs to develop their own manufacturing and be prepared to pay a bit more for local produce.
The DRC has a golden opportunity to do just that with AVZ and the BATTERY HUB plus alot more, this will be a massive boon for their people, but only will be realised once past and present corruption is nullified and prosecuted to the full extent of the law......aka KABILA & ZIJIN plus others.
I get the feeling , thats exactly what Felix is currently doing behind closed doors.
I will be posting some MACRO charts , plus adding another video to the ROBIN HOOD TA EDUCATION thread, so look out for that if you are that way inclined.
View attachment 9047
imo
National averages on gas have reached $5 gallon, AAA and GasBuddy say — and get ready for the number to keep climbing
There are almost 20 states where gas costs at least $5/gallon
Five-dollar gas is here, get used to it.On Saturday, AAA pegged the national average at $5.00 for a gallon of gasoline.
The average price is 19 cents higher than it was a week ago, 60 cents higher than a month ago — and just about two dollars more than the $3.07 average a year ago, AAA’s data showed.
It all adds up to more pain at the pump. For instance, a driver with a 15-gallon tank is going to be shelling out $75.
It will take more than $100 to fill up certain pickup trucks, like a Ford F-150, and SUVs like a Jeep Grand Cherokee, a AAA spokesman noted Saturday.
www.marketwatch.com
The MACRO is one sad puppy, but the SILVER LINING
Its going to accelerate the EV REVOLUTION
End of new diesel and petrol vehicles from 2035 in Europe
MEPs on Wednesday adopted a ban on the sale of new CO2-emitting cars.
Defenders of the measure hail a "historic" decision, a "revolution".
Magazine d’actualité économique en Afrique | Mining and Business
Magazine d’actualité économique, des mines, des affaires au Congo, en Afrique et dans le monde. Actualité économique en Afrique, mines en RDC.
miningandbusiness.com
The MACRO is one sad puppy, but the SILVER LINING
ASX Trade Calendar
Queen’s Birthday
Monday 13 June
CLOSED
Food for thought
Cheers
Frank
Who is actually in charge in the DRC? China?
10 Jun 2022
There has been no change in control of Tenke Fungurume Mining, majority owner China Molybdenum has said, contradicting authorities in the Democratic Republic of the Congo who said a temporary administrator had taken control of one of the world’s largest cobalt and copper mines.
The secretary-general of Congo’s state mining company Gecamines told Reuters on Thursday that a court-appointed temporary administrator had officially taken charge amid a dispute between TFM shareholders.
China Moly controls an 80 percent take in the copper and cobalt mine, while Gecamines owns 20 percent.
“There is no change in the management right of TFM, and production and operations are running as usual,” China Molybdenum spokesperson Vincent Zhou said in an email to Reuters.
The DRC is also the world’s top producer of cobalt, which is used in electric batteries, and Africa’s leading miner of copper.
In February, a court had appointed the administrator, Sage Ngoie Mbayo, for a period of six months in response to a claim brought by Gecamines.
Implementation of the ruling was suspended after the DRC government called for an investigation. But in a letter dated June 1 and seen by Reuters, justice minister Ruth Mutombo ordered that it be enforced.
Ngoie, who had been named Gecamines’ representative to TFM shortly before his appointment as temporary administrator, officially took charge on Thursday, Gecamines secretary-general Patrice Pungwe said.
In a video filmed at TFM’s offices, Ngoie declared that he was now in control.
“At this time, TFM is run by me. It is not run by Gecamines or by CMOC (China Moly),” he said.
The dispute started last August when DRC’s government announced it had formed a commission to reassess the reserves and resources at TFM, which is also among the world’s largest copper producers.
The government suspects the mine has understated its levels of reserves in order to reduce the amount of royalties it pays to Gecamines. China Molybdenum denies having done so.
China Moly and Gecamines are “continuing to move forward” with talks around royalty payments, Zhou said on Friday.
The court order in February had tasked Ngoie with “reconciling the two partners on the points of divergence, namely access to technical information”.
Last year, TFM produced 18,501 tonnes of cobalt and 209,120 tonnes of copper, according to China Moly.
SOURCE: REUTERS
China Moly denies DRC takeover of its Tenke copper-cobalt mine
The government suspects the mine has understated its levels of reserves in order to reduce the amount of royalties being paid to state coffers by its Chinese partner.10 Jun 2022
There has been no change in control of Tenke Fungurume Mining, majority owner China Molybdenum has said, contradicting authorities in the Democratic Republic of the Congo who said a temporary administrator had taken control of one of the world’s largest cobalt and copper mines.
The secretary-general of Congo’s state mining company Gecamines told Reuters on Thursday that a court-appointed temporary administrator had officially taken charge amid a dispute between TFM shareholders.
China Moly controls an 80 percent take in the copper and cobalt mine, while Gecamines owns 20 percent.
“There is no change in the management right of TFM, and production and operations are running as usual,” China Molybdenum spokesperson Vincent Zhou said in an email to Reuters.
The DRC is also the world’s top producer of cobalt, which is used in electric batteries, and Africa’s leading miner of copper.
In February, a court had appointed the administrator, Sage Ngoie Mbayo, for a period of six months in response to a claim brought by Gecamines.
Implementation of the ruling was suspended after the DRC government called for an investigation. But in a letter dated June 1 and seen by Reuters, justice minister Ruth Mutombo ordered that it be enforced.
Ngoie, who had been named Gecamines’ representative to TFM shortly before his appointment as temporary administrator, officially took charge on Thursday, Gecamines secretary-general Patrice Pungwe said.
In a video filmed at TFM’s offices, Ngoie declared that he was now in control.
“At this time, TFM is run by me. It is not run by Gecamines or by CMOC (China Moly),” he said.
The dispute started last August when DRC’s government announced it had formed a commission to reassess the reserves and resources at TFM, which is also among the world’s largest copper producers.
The government suspects the mine has understated its levels of reserves in order to reduce the amount of royalties it pays to Gecamines. China Molybdenum denies having done so.
China Moly and Gecamines are “continuing to move forward” with talks around royalty payments, Zhou said on Friday.
The court order in February had tasked Ngoie with “reconciling the two partners on the points of divergence, namely access to technical information”.
Last year, TFM produced 18,501 tonnes of cobalt and 209,120 tonnes of copper, according to China Moly.
SOURCE: REUTERS
Albemarle risks shutting German plant if EU declares lithium a hazard
8TH JUNE 2022BY: REUTERS
LONDON - Top lithium producer Albemarle may have to shut its Langelsheim plant in Germany if the metal used in electric vehicle batteries is declared a hazardous material by the European Union, its finance chief told Reuters.
Lithium's pivotal role in electric vehicles makes it an important commodity in meeting global targets to cut carbon emissions, and it was added to the EU's list of critical raw materials in 2020.
That would result in a more restrictive regulatory framework for their use at a time when the EU is aiming to be self-sufficient in electric vehicle batteries by 2025.
The proposal doesn't ban lithium imports, but if legislated will add to costs for processors from more stringent rules controlling processing, packaging and storage.
"Albemarle would no longer be able to import our primary feedstock, lithium chloride, putting the entire (Langelsheim) facility in jeopardy of closure," said CFO Scott Tozier in an emailed statement.
"With sales of approximately $500-million annually, the economic impact to Albemarle from the potential closure would be significant," Tozier added.
A European Commission official confirmed it was assessing the proposal, but had no further comment.
EU member states are currently giving their views on the proposal to a committee which meets on July 5 to 6 to discuss chemicals including lithium that have been recommended for classification as dangerous. A final decision is expected at the end of 2022 or beginning of 2023.
The United States and Europe have accelerated efforts over the past two years to build secure and independent supply chains to cut reliance on China for key minerals used in electric vehicles, wind turbines and solar panels.
Tozier said the classification would "hinder the localisation of the EU battery supply chain, and instead move the process to a non-EU location, thereby creating the need to import".
"Future battery recycling and cathode manufacturing would move outside of the EU. Albemarle would not be able to convert materials locally, and any EU lithium raw materials would need to be exported to create cathodes."
Having produced lithium since 1921, the Langelsheim plant employs more than 600 people and accounts for 8% of New-York listed Albemarle's projected 2022 net sales.
The European Commission has estimated Europe would need up to 18 times more lithium by 2030 than in 2020, and 60 times more by 2050.
"Classifying lithium as hazardous would create extra burdens on how lithium chemicals for batteries are produced, used and recycled in Europe," an industry source said.
Does this mean no Lithium battery manufacturing in the EU??
I looked it up and came up with the following fact sheet:
However in the manufacturing process of batteries there are highly likely more dangerous materials used.
In any mining and/or chemical process activity proper personal protection equipment has to be used, where required.
Mr Inappropriate
Regular
Thanks Cruiser. The Hazard Data section is quite interesting. Spontaneous combustion!
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