AVZ Discussion 2022
- Thread starter GazDix
- Start date
JAG
Top 20
You know she's reading this don't you?
Can't help herself
DiscoDanNZ
Regular
Frank
Top 20
"We will be able to make 10 billion revenue in 2022"
In front of the students of the Institute Faculty of Information and Communication Sciences (IFASIC), the finance inspector and head of service, Jules Allégete Key, indicated that the realization of revenues for 2022 could allow USD 10 billion as planned by the government as an annual budget forecast.
At a conference organized Tuesday, June 14, the number one of the IGF made aware of the students of this institution to appropriate the fight against corruption and the diversion of public funds.
For him, only the fight against these anti -values could allow the country to get out of poverty.
"We are able to carry out the 10 billion set by the government as a budgetary law for the financial year 2022.
The month of April we reached 1.5 billion USD and the month of May around 900 million USD.
With these achievements, The objective will be achieved.
By maintaining control we will be able to carry out USD 15 billion in 2023.
This could approach the 18 billion mentioned by the Head of State in his governance program, "said Jules Allégete.
For him, it took a specific methodology to get there.
"We started by working internally with finance inspectors, improving their living and working conditions.
Then we made these inspectors aware of the importance and the need for the fight against corruption and the diversion of public funds which prevents the country from developing and which maintains it on the other hand in poverty and after the investigations, we then chose to publish these reports.
" We have received strong opposition from these indexed people "
For Jules Aldergete Key, the results are currently felt, thanks in particular to the primordial will of the Head of State to end these practices and anti -values.
He also invited SIC students, to appropriate this struggle and not to consider these divertors of public funds as worthy men, but rather as those who want to maintain the country in extreme poverty.
Most of these students and teachers claimed to understand, after these exchanges, the mission of the IGF and the nature of its fight before promising their support.
Willy Akonda Lomanga
www.mediacongo.net
In front of the students of the Institute Faculty of Information and Communication Sciences (IFASIC), the finance inspector and head of service, Jules Allégete Key, indicated that the realization of revenues for 2022 could allow USD 10 billion as planned by the government as an annual budget forecast.
At a conference organized Tuesday, June 14, the number one of the IGF made aware of the students of this institution to appropriate the fight against corruption and the diversion of public funds.
For him, only the fight against these anti -values could allow the country to get out of poverty.
"We are able to carry out the 10 billion set by the government as a budgetary law for the financial year 2022.
The month of April we reached 1.5 billion USD and the month of May around 900 million USD.
With these achievements, The objective will be achieved.
By maintaining control we will be able to carry out USD 15 billion in 2023.
This could approach the 18 billion mentioned by the Head of State in his governance program, "said Jules Allégete.
For him, it took a specific methodology to get there.
"We started by working internally with finance inspectors, improving their living and working conditions.
Then we made these inspectors aware of the importance and the need for the fight against corruption and the diversion of public funds which prevents the country from developing and which maintains it on the other hand in poverty and after the investigations, we then chose to publish these reports.
" We have received strong opposition from these indexed people "
For Jules Aldergete Key, the results are currently felt, thanks in particular to the primordial will of the Head of State to end these practices and anti -values.
He also invited SIC students, to appropriate this struggle and not to consider these divertors of public funds as worthy men, but rather as those who want to maintain the country in extreme poverty.
Most of these students and teachers claimed to understand, after these exchanges, the mission of the IGF and the nature of its fight before promising their support.
Willy Akonda Lomanga
www.mediacongo.net
Frank
Top 20
The reversal of Western mining companies in favor of the DRC and Zambia
For years, some large foreign mining companies have tried to reduce their presence in Central Africa, particularly in the DRC and Zambia after letting their Chinese competitors fill the void, they have done a 180 degree turn for the past few months, like Barrick, Anglo American or BHP.
With the energy transition and its growing need for various metals, the African jurisdictions deemed "at risk" now seem quite accessible.
On the sidelines of the Mining Indaba 2022 which was held in Cape Town last May, the CEO of Barrick Gold, Mark Bristow, returned to the next investments of his company, specifying that a particular emphasis is placed on copper and a region seems favorable to welcome the millions of dollars that the world's second largest gold producer wants to devote to the expansion of its copper portfolio: the copper belt located between Zambia and the DRC.
The leader, who in 2019 denounced the constant changes to the Congolese tax system, seems more than ever ready to go beyond to take advantage of the country's mineral potential.
The same goes for the Australian mining giant BHP, which has recently led several discussions to acquire the Western Foreland copper project, adjacent to the giant Kamoa-Kakula copper complex currently being developed by Ivanhoe Mines in the DRC.
This is also the case of the British holding company Anglo American, which also signed a memorandum of understanding in May with the mining junior Arc Minerals in Zambia. It concerns a joint venture to develop a copper-cobalt project in the North West Province.
A favorable situation
The interest in “green” metals is the first reason that justifies this new enthusiasm of Western companies for Zambia and the DRC.
These two countries concentrate a large part of African copper reserves and, as a result of the long disinterest of these same investors, several deposits remain untapped, but this is not the only reason, since the mention of an installation (for BHP) or a strengthening of the presence in the Central African copper belt (for the others) coincides with certain regulatory upheavals in other mining jurisdictions historically more attractive for these companies.
In Chile, the world's largest copper producer, a controversial bill is currently before the Senate and aims to increase the royalty collected by the State on the revenues of mining companies.
The situation seems even more complicated for mining investors in Peru, the world's second largest copper producer.
Arrived at the head of the country last year, the socialist president Pedro Castillo indeed built his electoral campaign on the idea of a better distribution of wealth between the mining industry and the populations, promising the Peruvians that he would review mining contracts to put an end to “looting”.
Since then, his government has talked about a tax targeting the “excess profits” of companies due to rising commodity prices, despite opposition from industry and part of the political class.
In Zambia a regime change also took place last year, but it is having the opposite effect on the mining industry to that seen in South America. President Hakainde Hichilema, a former businessman, has indeed chosen to place his mandate under the seal of improving the business climate in the country.
He announced a review of the tax regime applicable to the industry, which sparked enthusiasm from companies operating in the country who felt that this legislation was making the mining sector unviable and uncompetitive.
“We need to develop policies that will not disadvantage investors. We must ensure the stability of the economy so that the investor is happy", promises in the same vein its Minister of Mines, Paul Kabuswe.
While not all the announced measures have yet been implemented, it seems that the guarantees obtained by the sector are sufficient for the moment, as evidenced by the recent announcement of First Quantum Minerals.
Active in two copper mines in the country, the Canadian mining company had made new investments conditional on an improvement in the regulatory framework.
On the DRC side, the situation is slightly different.
The 2018 mining code, which has been criticized for having notably ratified the increase in royalties on copper and cobalt revenues, is still in force.
In addition, President Tshisekedi announced in May 2021 his intention to review the mining contracts concluded under the previous regime “to seal win-win partnerships”.
However, the country's immense copper and cobalt reserves make it impossible to ignore even as demand soars and several analysts point to risks of shortages that will drive prices higher in a few years.
Avoid past mistakes
The global commodities market is at the dawn of a new super cycle, according to several sector specialists.
While not all metals may be affected, we have nevertheless been witnessing the first signs of this prediction for two years with the historic rise in the price of copper.
For the two leading African producers, this time it is a question of not repeating the mistakes made during the super cycle of the 2000s by taking advantage of the interest of these large mining groups to invest in local processing.
This would make it possible to develop the local industrial fabric in these two countries while adding value to exported goods.
Zambia and the DRC seem to have understood this, since the two countries concluded in April a memorandum of understanding to develop a supply chain for materials for electric cars.
This sector could consume 4 million tonnes of copper annually by 2040 (compared to 300,000 tonnes in 2020) according to CRU Group, and 320,000 tonnes of cobalt by 2026 (compared to 175,000 tonnes in 2021, according to the Cobalt Institute.
www.mediacongo.net
We can't forget the Truck loads of very valuable "Rin Tin Tin"
Food for thought
Frank
For years, some large foreign mining companies have tried to reduce their presence in Central Africa, particularly in the DRC and Zambia after letting their Chinese competitors fill the void, they have done a 180 degree turn for the past few months, like Barrick, Anglo American or BHP.
With the energy transition and its growing need for various metals, the African jurisdictions deemed "at risk" now seem quite accessible.
On the sidelines of the Mining Indaba 2022 which was held in Cape Town last May, the CEO of Barrick Gold, Mark Bristow, returned to the next investments of his company, specifying that a particular emphasis is placed on copper and a region seems favorable to welcome the millions of dollars that the world's second largest gold producer wants to devote to the expansion of its copper portfolio: the copper belt located between Zambia and the DRC.
The leader, who in 2019 denounced the constant changes to the Congolese tax system, seems more than ever ready to go beyond to take advantage of the country's mineral potential.
The same goes for the Australian mining giant BHP, which has recently led several discussions to acquire the Western Foreland copper project, adjacent to the giant Kamoa-Kakula copper complex currently being developed by Ivanhoe Mines in the DRC.
This is also the case of the British holding company Anglo American, which also signed a memorandum of understanding in May with the mining junior Arc Minerals in Zambia. It concerns a joint venture to develop a copper-cobalt project in the North West Province.
A favorable situation
The interest in “green” metals is the first reason that justifies this new enthusiasm of Western companies for Zambia and the DRC.
These two countries concentrate a large part of African copper reserves and, as a result of the long disinterest of these same investors, several deposits remain untapped, but this is not the only reason, since the mention of an installation (for BHP) or a strengthening of the presence in the Central African copper belt (for the others) coincides with certain regulatory upheavals in other mining jurisdictions historically more attractive for these companies.
In Chile, the world's largest copper producer, a controversial bill is currently before the Senate and aims to increase the royalty collected by the State on the revenues of mining companies.
The situation seems even more complicated for mining investors in Peru, the world's second largest copper producer.
Arrived at the head of the country last year, the socialist president Pedro Castillo indeed built his electoral campaign on the idea of a better distribution of wealth between the mining industry and the populations, promising the Peruvians that he would review mining contracts to put an end to “looting”.
Since then, his government has talked about a tax targeting the “excess profits” of companies due to rising commodity prices, despite opposition from industry and part of the political class.
In Zambia a regime change also took place last year, but it is having the opposite effect on the mining industry to that seen in South America. President Hakainde Hichilema, a former businessman, has indeed chosen to place his mandate under the seal of improving the business climate in the country.
He announced a review of the tax regime applicable to the industry, which sparked enthusiasm from companies operating in the country who felt that this legislation was making the mining sector unviable and uncompetitive.
“We need to develop policies that will not disadvantage investors. We must ensure the stability of the economy so that the investor is happy", promises in the same vein its Minister of Mines, Paul Kabuswe.
While not all the announced measures have yet been implemented, it seems that the guarantees obtained by the sector are sufficient for the moment, as evidenced by the recent announcement of First Quantum Minerals.
Active in two copper mines in the country, the Canadian mining company had made new investments conditional on an improvement in the regulatory framework.
On the DRC side, the situation is slightly different.
The 2018 mining code, which has been criticized for having notably ratified the increase in royalties on copper and cobalt revenues, is still in force.
In addition, President Tshisekedi announced in May 2021 his intention to review the mining contracts concluded under the previous regime “to seal win-win partnerships”.
However, the country's immense copper and cobalt reserves make it impossible to ignore even as demand soars and several analysts point to risks of shortages that will drive prices higher in a few years.
Avoid past mistakes
The global commodities market is at the dawn of a new super cycle, according to several sector specialists.
While not all metals may be affected, we have nevertheless been witnessing the first signs of this prediction for two years with the historic rise in the price of copper.
For the two leading African producers, this time it is a question of not repeating the mistakes made during the super cycle of the 2000s by taking advantage of the interest of these large mining groups to invest in local processing.
This would make it possible to develop the local industrial fabric in these two countries while adding value to exported goods.
Zambia and the DRC seem to have understood this, since the two countries concluded in April a memorandum of understanding to develop a supply chain for materials for electric cars.
This sector could consume 4 million tonnes of copper annually by 2040 (compared to 300,000 tonnes in 2020) according to CRU Group, and 320,000 tonnes of cobalt by 2026 (compared to 175,000 tonnes in 2021, according to the Cobalt Institute.
www.mediacongo.net
We can't forget the Truck loads of very valuable "Rin Tin Tin"
Food for thought
Frank
Last edited:
Winenut
Go AVZ!
Oh...Oh she is in her prime
Exact posting style like the alias's
Next she will pull the ol......internet bullying COP/AS....FFS....
Credit due for persistence....NOT...... the fucking maggot!
View attachment 9490
I might have to respond
DiscoDanNZ
Regular
Nailed it, unfortunately.
I miss the days of AVZ Friday FOMO, there was nothing better than going to the pub on a Friday arvo with 8c SP jolt in your pocket. Seems like a lifetime ago now.
JAG
Top 20
DiscoDanNZ
Regular
1: Is that the real Twitter account or one of many fakes?
EDIT: Looks like a fake account retweeting AVZ's tweet from May
obe wan
Regular
That miniserie for mines handle is a fake accountLmao yea DRC time. I’m hoping it’s a sign there has been a development, I’m sticking with my fantasy
ye that account is the fake one1: Is that the real Twitter account or one of many fakes?
2: Wasn't the ministerial decree already signed in May or am I missing something or was the May one just a signing of a ministerial decree to announce there will be a signing of a ministerial decree?
I don't think we will come out of suspension with just this alone, ideally I'd want something official backing up the legal standing but this could be a way to catch the market (shorters) flat footed.
TDITD
Top 20
No sign, the date on the twitter message is 4/5/22.1: Is that the real Twitter account or one of many fakes?
Frank
Top 20
DRC-Mines: the company NRGI ready to support the Government in the context of the energy transition
The Deputy Minister of Mines, Godard Motemona, met, on Monday June 13, 2022, with the delegation of the company “Natural resource governance institute”, on questions related to the energy transition as well as the production electric batteries in the Democratic Republic of Congo.
The Manager of NRGI and head of the delegation, Mr. Hervé Lado, informed Vice-Minister Godard Motemona that his company contributes to improving the governance of countries based on their natural resources, in particular oil, gas and minerals, with the aim of promoting sustainable and inclusive development.“ The DRC has strong potential in terms of natural resources due to the fact that the country has repeatedly called on investors to develop its mining sector with a view to producing more cobalt, and especially its transformation on site, in order to ‘increase revenues but also contribute to the energy transition on a global scale, we are ready ‘, added the Manager of NRGI.
According to him, his company received the discharge to organize a forum on June 21, 2022 in Kinshasa with a view to bringing together all the stakeholders operating in the mining sector.
His company, he said, should then join civil society in order to equip it by providing it with information related to the ambitions of the Government, those of the transformation of cobalt, lithium and other minerals.
Copperbelt Katanga Mining - African Copperbelt's Top Mining News
African Copperbelt's Top Mining News
copperbeltkatangamining.com
Last edited:
TDITD
Top 20
Even the Italians wanna talk about us
www.metallirari.com
You may need to sit down for this one, we are among the top13 lithium stocks
Tutti corrono a cercare litio, mentre i prezzi continuano a salire
I prezzi del litio continuano a crescere (+500% nell'ultimo anno) nel bel mezzo di una corsa globale alla ricerca di nuove miniere.
www.metallirari.com
You may need to sit down for this one, we are among the top13 lithium stocks
Top 13 ASX Lithium Stocks of 2022
As the lithium market remains robust, the top ASX lithium companies based on year-to-date gains have fared well.
www.top1insights.com
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