Frank
Top 20
Let’s hope we find some pics of dozers and loaders heading that way
No Dozers, What about a Dump Truck instead
AVZ Discussion 2022
- Thread starter GazDix
- Start date
No Dozers, What about a Dump Truck instead
Frank
Top 20
Fyi, Rambo
Congo hold-up: after France, Belgian justice in turn opens an investigation for "corruption of foreign public officials"
Investigators from the Central Office for the Repression of Corruption (OCRC) raided six addresses linked to entrepreneur Philippe de Moerloose on Tuesday, as part of a judicial investigation into the corruption of Congolese officials, says De Standaard .
The federal prosecutor's office confirms that searches were carried out in three businesses and three private homes, but did not wish to comment further.
The spokesman for the federal prosecutor's office nevertheless reports that the searches and the judicial information were carried out, among other things, after the series of "Congo hold-up" articles, investigative papers published by De Standaard, Le Soir and European Investigative Collaborations (EIC) media partners.
This series reveals how De Moerloose allegedly amassed a fortune in the Congo by charging exorbitant prices for the sale of tractors, trucks and other industrial equipment to the Congolese state.
According to De Standaard, Belgian justice is investigating two recent contracts concluded between a De Moerloose company and the Congolese state, notably concerning the supply of tractors, harvesters and other heavy equipment to the Congolese Ministry of Agriculture.
The contracts were signed in 2018 and 2019 and together are worth $139 million.
Profit margins on these contracts are unusually high, according to an industry survey by De Standaard.
Corn harvesters bought for 64,000 dollars were thus resold by De Moerloose to the Congolese State for 456,000 dollars.
"We can only confirm that six searches took place," said federal prosecutor's spokesman Eric Van Duyse.
"These are home searches in three private homes in Walloon Brabant, two companies in Walloon Brabant and a company in Brussels. No one was arrested. The investigation is being carried out by an investigating judge from Nivelles."
*To Remind,
Joseph Kabila Kabange is a Congolese politician who served as President of the Democratic Republic of the Congo between January 2001 and January 2019.
He was elected as president in 2006 and re-elected in 2011 for a second term.
Since stepping down after the 2018 election, Kabila, as a former president, serves as a senator for life.
Kabila's term was due to expire on 20 December 2016, according to the terms of the constitution adopted in 2006.
Officials suggested that elections would be held in November 2016, but on 29 September 2016, the nation's electoral authority announced that the election would not be held until early 2018.
Talk focused on the need for a census before holding elections.
In August 2018, Kabila announced that he would step down and not seek reelection in the December 2018 general election.
He was succeeded by Félix Tshisekedi in the country's first peaceful transition of power since independence.
Jaynet Kabila, the sister of Kabila, was named in the Panama Papers.
Document leaks in 2016 revealed that she is a part-owner of a major Congolese television company, Digital Congo TV, through offshore subsidiaries.
Kabila is vastly unpopular, partly because of the conflicts in the Congo, but also because of the widespread belief that he has enriched himself and his family while ignoring millions of poor Congolese.
Since leaving the presidency, Kabila has made Kingakati farm his main residence. The estate, located 50 km east of Kinshasa, was his second home while he was still in power.
In April 2021, President Felix Tshisekedi succeeded to oust the last remaining elements of his government who were loyal to former leader Joseph Kabila.
In May 2021, Tshisekedi called for a review of mining contracts signed with China by Kabila, especially the Sicomines multibillion 'minerals-for-infrastructure' deal.
In November 2021, a judicial investigation targeting Kabila and his associates was opened in Kinshasa after revelations of alleged embezzlement of $138 million.
Joseph Kabila - Wikipedia
Food for thought on the Road to Manono with Felix in tow
Frank
Lithium boom pits Wall Street against the wonks
Mark Burton and Annie Lee
There is a fight brewing in the lithium market, after a controversial forecast from Goldman Sachs Group analysts set off a backlash among some of the industry’s most prominent experts.
Lithium is a vital component of electric vehicle batteries, which means the outlook for supply, demand and pricing is increasingly consequential.
For years, a small group of niche consultants has dominated the conversation in a commodity that some say will become as important as oil in the coming century. Now, with prices surging and demand booming, they’re increasingly sharing the stage with Wall Street titans like Goldman.
The bank made headlines when it warned that a searing rally in lithium will go into reverse this year as supply from unconventional new sources overwhelms demand. Credit Suisse Group also joined in predicting a correction. But specialists including London-based Benchmark Mineral Intelligence are loudly pushing back.
The rift matters because both groups play important roles in the burgeoning electric vehicle industry. The niche consultancies offer tailored research to miners, battery makers and car companies that guides decisions about whether to invest in new projects; Wall Street banks – and the investors who read their research – help determine whether they can afford to do so.
Benchmark disputes Goldman’s forecast that a flood of new production is on its way, and that prices will crater as a result. The consultancy still sees prices retreating from recent sky-high levels, but takes a more pessimistic view on the scale and timing of new supply.
The mining industry is famously bad at hitting its production targets and lithium has added risks due to the highly complex technical processes involved in making the final products used in battery packs, Benchmark says.
‘‘You’ve got this additional hurdle arising because it’s not a commodity, it’s a specialty chemical,’’ Daisy Jennings-Gray, a senior price analyst at Benchmark, said by phone.
‘‘It’s a two-stage concern combining the traditional problems that the mining industry has faced with the additional challenges that a specialty chemical producer might face.’’
The spat may seem trivial, but the stakes are high for those who rely on the forecasts, given lithium’s critical role in the electric vehicle revolution and the fight against climate change.
If the deficits persist and prices spike further, it could cause car makers’ margins to collapse, and potentially slow the mass rollout of electric vehicles.
But if prices slump, miners could scrap major new projects, setting the stage for even larger spikes and deeper deficits in the 2030s, when sales of electric vehicles will need to outstrip those of conventional cars if the industry is going to have a hope of hitting its net zero targets.
‘‘The lithium industry in its current form is very young, and so it’s difficult to say with confidence how responsive miners will be in bringing on new supply,’’ said Peter Hannah, a senior price development manager at Fastmarkets, a price reporting agency and industry consultancy.
‘‘A lot of it hinges on technology that we’ve never really seen before, and so there a lot of variables to consider, and each one could prove each of us wildly wrong, one way or another.’’
Of course, disagreement among analysts is common in commodities markets, but the scale of the divergence is particularly acute in battery metals such as lithium, where supply and demand are both growing at a breakneck pace.
While a market like copper typically grows by 2 per cent to 4 per cent a year, lithium analysts are anticipating growth of more than 20 per cent for supply and demand between 2021 and 2025.
That means minor differences in analysts’ assumptions – for example about the chemical composition of batteries or the timing of new mining expansions – can have a big impact on their supply-and-demand estimates. It’s an issue cropping up in other battery metals such as cobalt and nickel as well.
In lithium, expert consultancies say that the wayfarers from Wall Street are far more likely to overlook the nuances of the industry in conducting their research. Joe Lowry, the founder of specialist advisory firm Global Lithium, has frequently taken to Twitter to call out perceived shortcomings in research by banks.
Matt Fernley, the London-based managing director at Battery Materials Review, an industry researcher, said the sell-side reports were ‘‘massively over-estimating’’ the ease of adding new supply, and failing to consider the complexity of bringing new assets into production and the qualification requirements.
‘‘The lithium industry needs to raise hundreds of billions of dollars of capital for expansion over the next 10 to 15 years,’’ he said. ‘‘A lot of that needs to come from equity and that’s going to be difficult if equity prices are depressed because of such reports.’’
BLOOMBERG
DiscoDanNZ
Regular
That will work, its the perfect size for when they strip the overburden.
Sammy_da_Smile
Regular
Lol. That’s great, with all the top notch equipment heading out the next pic we find might be the mine half built and we won’t even be out of suspension.
To me this is a great development, if I’m understanding correctly even other countries are looking into their own hand in corruption regarding Africa. I would assume in part because of the progress Felix and gov are making in weeding out corruption and showing the world who the culprits are. Not if but when Africa accomplish to shows the world what they have and are ready to do business. Other hopefully more reputable countries (not China) will not want to be seen stifling growth in Africa and pretty much steeling from the poor. All things look to heading in a more positive direction.Fyi, Rambo
Congo hold-up: after France, Belgian justice in turn opens an investigation for "corruption of foreign public officials"
View attachment 9438
Investigators from the Central Office for the Repression of Corruption (OCRC) raided six addresses linked to entrepreneur Philippe de Moerloose on Tuesday, as part of a judicial investigation into the corruption of Congolese officials, says De Standaard .
The federal prosecutor's office confirms that searches were carried out in three businesses and three private homes, but did not wish to comment further.
The spokesman for the federal prosecutor's office nevertheless reports that the searches and the judicial information were carried out, among other things, after the series of "Congo hold-up" articles, investigative papers published by De Standaard, Le Soir and European Investigative Collaborations (EIC) media partners.
This series reveals how De Moerloose allegedly amassed a fortune in the Congo by charging exorbitant prices for the sale of tractors, trucks and other industrial equipment to the Congolese state.
According to De Standaard, Belgian justice is investigating two recent contracts concluded between a De Moerloose company and the Congolese state, notably concerning the supply of tractors, harvesters and other heavy equipment to the Congolese Ministry of Agriculture.
The contracts were signed in 2018 and 2019 and together are worth $139 million.
Profit margins on these contracts are unusually high, according to an industry survey by De Standaard.
Corn harvesters bought for 64,000 dollars were thus resold by De Moerloose to the Congolese State for 456,000 dollars.
"We can only confirm that six searches took place," said federal prosecutor's spokesman Eric Van Duyse.
"These are home searches in three private homes in Walloon Brabant, two companies in Walloon Brabant and a company in Brussels. No one was arrested. The investigation is being carried out by an investigating judge from Nivelles."
View attachment 9439
*To Remind,
Joseph Kabila Kabange is a Congolese politician who served as President of the Democratic Republic of the Congo between January 2001 and January 2019.
He was elected as president in 2006 and re-elected in 2011 for a second term.
Since stepping down after the 2018 election, Kabila, as a former president, serves as a senator for life.
Kabila's term was due to expire on 20 December 2016, according to the terms of the constitution adopted in 2006.
Officials suggested that elections would be held in November 2016, but on 29 September 2016, the nation's electoral authority announced that the election would not be held until early 2018.
Talk focused on the need for a census before holding elections.
In August 2018, Kabila announced that he would step down and not seek reelection in the December 2018 general election.
He was succeeded by Félix Tshisekedi in the country's first peaceful transition of power since independence.
Jaynet Kabila, the sister of Kabila, was named in the Panama Papers.
Document leaks in 2016 revealed that she is a part-owner of a major Congolese television company, Digital Congo TV, through offshore subsidiaries.
Kabila is vastly unpopular, partly because of the conflicts in the Congo, but also because of the widespread belief that he has enriched himself and his family while ignoring millions of poor Congolese.
Since leaving the presidency, Kabila has made Kingakati farm his main residence. The estate, located 50 km east of Kinshasa, was his second home while he was still in power.
In April 2021, President Felix Tshisekedi succeeded to oust the last remaining elements of his government who were loyal to former leader Joseph Kabila.
In May 2021, Tshisekedi called for a review of mining contracts signed with China by Kabila, especially the Sicomines multibillion 'minerals-for-infrastructure' deal.
In November 2021, a judicial investigation targeting Kabila and his associates was opened in Kinshasa after revelations of alleged embezzlement of $138 million.
Joseph Kabila - Wikipedia
en.wikipedia.org
Food for thought on the Road to Manono with Felix in tow
Frank
DOW was up 300pts over night...............despite a 0.75% interest hike......go figure
Talk going around that markets had that priced in plus 2 more interest rate hikes later in the year, as we all know, markets dont like ambiguity, i am not saying there wont be further push backs, but i get the feeling the wheel will slowly turn from here, which would coincide with my TA of sub wave 4 down not surpassing the 38 fib 29875.
Dow futures is currently green too.
Baby steps .
Talk going around that markets had that priced in plus 2 more interest rate hikes later in the year, as we all know, markets dont like ambiguity, i am not saying there wont be further push backs, but i get the feeling the wheel will slowly turn from here, which would coincide with my TA of sub wave 4 down not surpassing the 38 fib 29875.
Dow futures is currently green too.
Baby steps .
Spikerama
Regular
To me this is a great development, if I’m understanding correctly even other countries are looking into their own hand in corruption regarding Africa. I would assume in part because of the progress Felix and gov are making in weeding out corruption and showing the world who the culprits are. Not if but when Africa accomplish to shows the world what they have and are ready to do business. Other hopefully more reputable countries (not China) will not want to be seen stifling growth in Africa and pretty much steeling from the poor. All things look to heading in a more positive direction.
I agree. It's a fantastic signal from Felix and gov that it recognises the need for radical change and is already taking the steps to implement it.
But lets not forget that unlike China, Africa is not a country. It is a continent made up of many different countries. Each with their own political quirks and problems (read *corruption) largely brought on by centuries of European rule, exploitation and neglect.
It's a long road to Manono but an even longer one to a free and thriving continent that is Africa.
W..
I wonder who’s buying all these thraway shares atm
My bet it’s the Big boys that announce doom etc, scoop up shares just like last time although covid kinda “covered up” that recession didn’t it… Looks like the $$$$ pump into the economy behind “health” didn’t work so now it’s time possibly..
Then they sleep with the media everything ok and make a Squillion ok the way up
AIMO
GLTAH
Cash it's so quiet, have you heard anymore?Mate I’m going to buy you a Desk Plant or 2 for xmas I reckon
DiscoDanNZ
Regular
I had a few good announcements from holdings today. (If anyone here holds DRE I wouldn't mind your thoughts as I know nothing about REE grades etc).
Market is looking a lot healthier today, lets hope for Green with how it's been lately I'll celebrate one green day in a row
What's the odds the Dow will tank tonight ? More than likely is my guess . Lovin this suspension . Another extension is fine by me .I had a few good announcements from holdings today. (If anyone here holds DRE I wouldn't mind your thoughts as I know nothing about REE grades etc).
Market is looking a lot healthier today, lets hope for Green with how it's been lately I'll celebrate one green day in a row
DiscoDanNZ
Regular
Dow futures up 200pts+......
Maybe. Or just based on the US market swimming up stream in a sewer full of shit .100% tanking based on nothing at all, just cos.
thegh0stwithin
Regular
Sadly, I do not expect China to be looking at its' own state linked enterprises or even "independent" enterprises with the same level of consideration that other governments are or may do so in the coming months.To me this is a great development, if I’m understanding correctly even other countries are looking into their own hand in corruption regarding Africa. I would assume in part because of the progress Felix and gov are making in weeding out corruption and showing the world who the culprits are. Not if but when Africa accomplish to shows the world what they have and are ready to do business. Other hopefully more reputable countries (not China) will not want to be seen stifling growth in Africa and pretty much steeling from the poor. All things look to heading in a more positive direction.
One lesson of having many close Chinese friends for a lot of my life (I spent a lot of time both in Auckland which has a large Asian population and also spent a lot of time in South East Asia), I have learnt that China is extremely harsh on domestic corruption and crime, but is not concerned with its' citizens committing the worst acts against foreign citizens/entities/governments. It goes to the limit that it will pursue its' citizens in foreign jurisdictions (we have several Chinese "dissidents in NZ which the PRC have been trying to have extradited for years) and yet people that have committed far more serious crimes both abroad are completely ignored by the state.
DiscoDanNZ
Regular
Exactly, we would be no better than HC shitposters or Twitter trolls if we rely on anything that isn't market knowledge.
Don't forget were having a nationwide $2 party either, who do we make the honourary guest Mousey or Ol' Hot?
Love a good quote from a facist dictator, even if it's posted by a JAFA
Looking at Joe Kabila in the picture frame...........he has EVIL EYES which correlates with his EVIL DEEDS.Fyi, Rambo
Congo hold-up: after France, Belgian justice in turn opens an investigation for "corruption of foreign public officials"
View attachment 9438
Investigators from the Central Office for the Repression of Corruption (OCRC) raided six addresses linked to entrepreneur Philippe de Moerloose on Tuesday, as part of a judicial investigation into the corruption of Congolese officials, says De Standaard .
The federal prosecutor's office confirms that searches were carried out in three businesses and three private homes, but did not wish to comment further.
The spokesman for the federal prosecutor's office nevertheless reports that the searches and the judicial information were carried out, among other things, after the series of "Congo hold-up" articles, investigative papers published by De Standaard, Le Soir and European Investigative Collaborations (EIC) media partners.
This series reveals how De Moerloose allegedly amassed a fortune in the Congo by charging exorbitant prices for the sale of tractors, trucks and other industrial equipment to the Congolese state.
According to De Standaard, Belgian justice is investigating two recent contracts concluded between a De Moerloose company and the Congolese state, notably concerning the supply of tractors, harvesters and other heavy equipment to the Congolese Ministry of Agriculture.
The contracts were signed in 2018 and 2019 and together are worth $139 million.
Profit margins on these contracts are unusually high, according to an industry survey by De Standaard.
Corn harvesters bought for 64,000 dollars were thus resold by De Moerloose to the Congolese State for 456,000 dollars.
"We can only confirm that six searches took place," said federal prosecutor's spokesman Eric Van Duyse.
"These are home searches in three private homes in Walloon Brabant, two companies in Walloon Brabant and a company in Brussels. No one was arrested. The investigation is being carried out by an investigating judge from Nivelles."
View attachment 9439
*To Remind,
Joseph Kabila Kabange is a Congolese politician who served as President of the Democratic Republic of the Congo between January 2001 and January 2019.
He was elected as president in 2006 and re-elected in 2011 for a second term.
Since stepping down after the 2018 election, Kabila, as a former president, serves as a senator for life.
Kabila's term was due to expire on 20 December 2016, according to the terms of the constitution adopted in 2006.
Officials suggested that elections would be held in November 2016, but on 29 September 2016, the nation's electoral authority announced that the election would not be held until early 2018.
Talk focused on the need for a census before holding elections.
In August 2018, Kabila announced that he would step down and not seek reelection in the December 2018 general election.
He was succeeded by Félix Tshisekedi in the country's first peaceful transition of power since independence.
Jaynet Kabila, the sister of Kabila, was named in the Panama Papers.
Document leaks in 2016 revealed that she is a part-owner of a major Congolese television company, Digital Congo TV, through offshore subsidiaries.
Kabila is vastly unpopular, partly because of the conflicts in the Congo, but also because of the widespread belief that he has enriched himself and his family while ignoring millions of poor Congolese.
Since leaving the presidency, Kabila has made Kingakati farm his main residence. The estate, located 50 km east of Kinshasa, was his second home while he was still in power.
In April 2021, President Felix Tshisekedi succeeded to oust the last remaining elements of his government who were loyal to former leader Joseph Kabila.
In May 2021, Tshisekedi called for a review of mining contracts signed with China by Kabila, especially the Sicomines multibillion 'minerals-for-infrastructure' deal.
In November 2021, a judicial investigation targeting Kabila and his associates was opened in Kinshasa after revelations of alleged embezzlement of $138 million.
Joseph Kabila - Wikipedia
Food for thought on the Road to Manono with Felix in tow
Frank
He is a complete traitor to his own people.
Wouldnt be surprised if he gets a good stoning one of these days..............
Do they do that in Africa ?
TDITD
Top 20
Looking at Joe Kabila in the picture frame...........he has EVIL EYES which correlates with his EVIL DEEDS.
He is a complete traitor to his own people.
Wouldnt be surprised if he gets a good stoning one of these days..............
View attachment 9448
Do they do that in Africa ?
Last edited:
Similar threads
