AVZ Discussion 2022
- Thread starter GazDix
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Frank
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Securing mining revenues: American Erik Prince recruited by Kinshasa
According to Reuters, the Democratic Republic of Congo (DRC) has been reaching an agreement for several months with former Navy Special Forces officer (Navy SEAL), Erik Prince, to secure mining revenues.The aim is to ensure that “the extractive and other industries operate in a transparent manner, and that their production and revenues are properly distributed in accordance with the Congolese Mining Code,” said one of the sources cited by the international news agency.
Concluded ahead of the offensive launched in January by the Rwandan-backed M23 rebels, the agreement aims to generate more revenue by combating smuggling and corruption in the mining sector.
However, no details were given on the implementing rules.
It is only known that the teams had to start in the south of the country, particularly in Katanga, where the Democratic Republic of the Congo would lose up to USD 40 million in monthly revenue, alone on the border between Kolwezi and zambia, according to a source quoted by Reuters.
For 2025, the Democratic Republic of the Congo is projecting mining revenues of more than 5 billion dollars, an increase of 11 per cent over the 2024 forecast.
But, according to the authorities, these revenues could be much higher if the country could reduce smuggling and corruption in this key sector.
In this context, the Government is stepping up initiatives to secure mineral resources.
Since October 2024, President Félix Tshisekedi has ordered tighter controls at the mining areas.
Erik Prince (born June 6, 1969 in Holland, Michigan) is a former Navy SEAL officer.
In 1997, he founded the private military company Blackwater Worldwide (now Academi), which he sold in 2010, after several of his employees were charged with homicides of civilians in Iraq.
They were convicted and pardoned by Donald Trump in his first term.
Close to the current US president, Erik Prince could benefit from the mining agreement being discussed between Washington and Kinshasa.
Through one of its Frontier Services Group (FSG) companies, it has signed contracts for the protection of mining assets in the DRC owned by Chinese companies.
In December 2020, the Africa Intelligence newspaper revealed that FSG had reached an agreement with Sicomines.
A few months earlier, the same media had reported a contract with China Nonferrous Metal Mining Corp (CNMC).
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DRC-US Deal: "I will never sell out the DRC's wealth"
Head of State Félix Tshisekedi took the opportunity on Monday, May 5, 2025, during the ceremony celebrating International Press Freedom Day held at the Hôtel du Rivière in Kinshasa, to denounce the misinterpretation by certain media outlets of the deal involving strategic minerals in the eastern Democratic Republic of Congo.
For him, these interpretations are unfounded and are part of orchestrated campaigns to weaken the country's economic sovereignty and undermine its strategic repositioning efforts.
“I cannot ignore the numerous media manipulations surrounding a strategic partnership currently being finalized between the Democratic Republic of Congo and the United States of America, concerning the development of our critical minerals.
Some statements, sometimes relayed without verification by some sections of the press, wrongly refer to an alleged sell-off of our natural resources.
These self-denials are naturally unfounded, but often stem from orchestrated campaigns to weaken our economic sovereignty and undermine our country's efforts to strategically reposition itself on the world stage,” declared Félix Tshisekedi.
*Currently being finalized
View attachment 83846
Re: “I cannot ignore the numerous media manipulations surrounding a strategic partnership currently being finalized between the Democratic Republic of Congo and the United States of America, concerning the development of our critical minerals.
Some statements, sometimes relayed without verification by some sections of the press, wrongly refer to an alleged sell-off of our natural resources.
These self-denials are naturally unfounded..."Let me state categorically that anything worthwhile has already been expropriated and flogged off to the Chinese at bargain basement prices, and only when the appropriate bribes have been paid. This is what the citizens of our once-great country expect, and this is what we will deliver for them".
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Remark
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That's really going to upset Felix - haven't you read Jens' posts
Samus
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This is the key here imo, we need the ruling against DRC to ensure the Americans have to play fair.
My feeling is that DRC are waiting to see if they can get out of the ICSID case, the Americans are waiting to see if it goes in our favour and to what extent. Otherwise they'll probably shaft us just as easily as the Chinese.
If there is a deal in the meantime good, but I'm not holding my breath.
Also a friend shared these wise words with me:
It's not FridayThat's really going to upset Felix - haven't you read Jens' posts
So what do make of the "appropriately compensated" statement ? Or the $1.5Bill + Royalties leak? Does the US/West already have enough info to know how the ICSID will pan out ? Would DLA Piper brief them on case details ? Is the ICSID time frame and subsequent Valuation worth the the journey ? Would AVZ's Court victories so far, along with the DRC's attempts to avoid the ICSID (unpaid fees /objection to Jurisdiction) be noted ? Add to all that the DRC Ministers/Officials /Presidents being exposed ? I have my doubts the US/DRC need to wait for an ICSID verdict . IMO
After all my years in business , construction , hotels , motels , ANY and ALL disputes are sorted on the courthouse steps at the last second , because it's still business till then , lets see what what happens over the following weeks .
Azzler
Top 20
"ALL disputes are sorted on the courthouse steps at the last second"
Times 100 for the Chinese, every time.
It's out of our hands all we can do is trust our BOD to bring this home , you know where I live , Chindos , nobody here trusts them
Mr Inappropriate
Regular
$2? Is jcar trying to soften up us holders for one last rogering?
Samus
Top 20
I think since the purported low ball offer got rejected they will wait and see what appropriate compensation means and then potentially offer something more substantial.
Just my thoughts, I look forward to ICSID putting the squeeze on. It doesn't seem like DRC give a fuck about it but it will potentially give us a way to claw back some money off the grubs.
I've got nfi what will happen but going by what hasn't happened so far I'm not holding my breath for a deal in the short term.
Yep.......anyone with half a fucking brain and a dollar still in their own pocket knows you never want lawyers talking to lawyers
Largus Averta
Regular
Tree Fiddy.
Azzler
Top 20
I could be missing some reference or joke here, if so, sucks to be me...
but perhaps some investors have been misled as to what kind of compensation or sale price we might end up with.
When I think of the calls for $12 and so on, I know it's being said with bravado... but perhaps other investors have been believing these claims to have some merit.
My ear isn't as close to the ground as some, but I doubt we will get even $2.
I think we will be fortunate if it's above $1, and even then still not getting a CGT discount, nor a cost base tax reduction.
It's completely pointless to quote what Manono is worth, when demanding what we should get paid.
Shareholders should be aware of one thing only when it comes to any sort of payout.
And that thing is simply... What can we get for it?
A thing is only valued at what anyone is willing to pay for it.
And while ISCID is on our side, to go full nut down that avenue means years of turmoil and expense, for a completely unknown payout likely 10 years from now. if at all
There is no bravado or leverage in claiming "FULL VALUE OR FULL ISCID ROUTE!!! [FLEX]"
Going full ISCID is a fucking disaster.
I fully trust the BOD to deliver the best value we can possibly get, whether that's a few cents per share, or a few dollars per share.
These claims of "$X or else FULL ISCID" are pure fantasy.
I don't mean to burst anyones bubble, truly I don't.
I just want everyone to be realistic.
*IMHO*
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Azzler
Top 20
Do you mean like.. lets pretend we wont back down unless we get $12?
Mate it's not going to do anything but give people false hope.
Mute22
Regular
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