AVZ Discussion 2022
- Thread starter GazDix
- Start date
Rechnerhand
Regular
Anyone can see what is behind teased number of '$3tn' in this article?
Washington deal: intricacies behind Tshisekedi's poker move
Dave Evans
Regular
Here’s the link and case number Wombles, it only takes a few seconds to get to the their latest update, just click on the blue link below and put the case number in
ICSID (Title Dispute)
Case No. ARB/23/20
ICSID (World Bank) Link
Case Details | ICSID
@j.l you can see by the latest article about KoBold, they are still going on about AVZ being in dispute, and then they like to add, KoBold’s offer proposes to resolve the dispute by providing AVZ “appropriate compensation”
Basically always using the same words. We don’t know what they think appropriate compensation is, we only know they were offering up to $US1.5bn ($2.38bn) plus a royalty.
They just keep adding in the same comments: disputed license, no assurance of any outcome, they’re doing us a favour etc. I still think they’ll try and pay fuck all and then charge an arm and a leg to the highest bidder to form a JV with them once they’ve got the license. Imagine how much money the Saudi’s, Rio or another major would pay them for a 50% share in the project
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that’s the play by them. Nail hitting the head there mate. They’ve given us a second wind alongside the US no doubt but they will play games to get what they need for as little as they can.
Dave Evans
Regular
Samus
Top 20
I had to block that same fuckwit on twitter too Dave. I'm glad I can no longer see whatever they're saying. Ignore is highly recommended.
Zeebot just gets pressured by the paying members or majority, it wont matter even if youre in the right and a paying member, its whatever brings in the bigger dollars and thats multiple paying members or the majority of forum users who bring ad revenue. Ppl like ol' mate Davos aka inspector Clouseau up there on his high horse attempts to drag as many minions in as he can with his emotions, and the rest is history due to many ppl here being mentally worn down over the years
I think the only thing you can do with little miserable troll Davy these days is just tell him to stfu and fuck off when he tries to bait you
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This should get sent straight to Davy boy every time he runs his fat traumatised emotional trap trying to derail the forum. J19 literally just offered a truce to him, and not only did he tell him to fuck off he then dragged me into it out of nowhere. Fuck him, he needs to be pulled into line. Someone might need to ring ASIO, he's terrorising the forum
TheGermanOne
Member
Lithium de Manono: entre attentes et désespoir
La République Démocratique du Congo possède l'un des plus grands gisements de lithium dans le monde. Le lithium, c’est un minerai très recherché aujourd’hui car il sert à faire des piles rechargeables pour les appareils électroniques.
Can anyone translate the 20 min long podcast in this link about the manono case from french to english? Thx
lellep
Regular
Translation and summary by GROK ( X AI)Lithium de Manono: entre attentes et désespoir
La République Démocratique du Congo possède l'un des plus grands gisements de lithium dans le monde. Le lithium, c’est un minerai très recherché aujourd’hui car il sert à faire des piles rechargeables pour les appareils électroniques.actualite.cd
Can anyone translate the 20 min long podcast in this link about the manono case from french to english? Thx
The article from Actualité.cd, titled "Lithium de Manono: entre attentes et désespoir," discusses the significant lithium deposit in Manono, located in Tanganyika province, Democratic Republic of Congo (DRC), which is one of the largest in the world. Despite its potential to drive economic development due to the global demand for lithium in rechargeable batteries for electric vehicles and other technologies, the project has faced numerous delays and challenges, leading to both hope and frustration among locals and stakeholders.
Key points from the article and related sources:
- Economic Potential and Delays: The Manono lithium deposit, estimated at 842 million tonnes with a 1.61% lithium grade, is a critical asset for the DRC, especially given the global push for energy transition. However, exploitation has not yet started due to administrative blockages, legal disputes, and shifts in partnerships, leaving local communities waiting for promised economic benefits like jobs and infrastructure development.
- Historical Context: Manono was historically a hub for tin mining under the Belgian colonial era and later through the state-owned Zaïrétain (now Cominière). The decline of tin mining, exacerbated by wars and mismanagement, left the region economically stagnant. The discovery of lithium by AVZ Minerals in 2016 sparked hopes of economic revival, but progress has been slow.
- Corporate and Legal Disputes: Initially, AVZ Minerals, an Australian company, led the project through a joint venture with Cominière. However, conflicts arose, including accusations of AVZ hiding exploration data and mismanagement by Cominière. The DRC government shifted focus to a Chinese company, Zijin Mining, granting them a research permit in 2023, sidelining AVZ, which then pursued arbitration at the International Chamber of Commerce.
- In May 2025, KoBold Metals announced a framework agreement to acquire AVZ Minerals' interests in the Manono lithium deposit, signaling a potential exit for AVZ from the project. This follows years of legal and administrative challenges for AVZ, including disputes with the Congolese state-owned company Cominière and the Congolese government's decision to favor Zijin Mining, a Chinese company, with a research permit in 2023.
- The article highlights ongoing arbitration at the International Chamber of Commerce, where AVZ is challenging decisions that sidelined it from the project. A recent ruling ordered Cominière to pay AVZ €39.1 million ($42.6 million) for breaching emergency orders, but this payment does not resolve the broader dispute over the mining permit, which remains uncertain.
- Despite the potential for economic transformation in Manono through lithium mining, local communities remain frustrated due to delays, lack of tangible benefits like jobs or infrastructure, and environmental concerns, with no clear timeline for when exploitation might begin.
- Impact on AVZ Minerals:
- Potential Exit from Manono: The agreement with KoBold Metals suggests AVZ may be selling or transferring its stake in the Manono project, likely due to prolonged legal battles and loss of its mining permit to Zijin Mining. This could mark the end of AVZ’s direct involvement in what was once touted as a world-class lithium project.
- Financial Compensation: The €39.1 million arbitration award provides AVZ with some financial relief, but it does not restore its operational control or permit rights, limiting its ability to capitalize on the project’s potential.
- Reputation and Future Prospects: AVZ’s experience in Manono, marked by accusations of withholding exploration data and conflicts with Cominière, may damage its reputation in the DRC and other mining jurisdictions. The shift to KoBold Metals, a well-funded U.S. competitor, could further marginalize AVZ in the global lithium market.
- Local Impact: The article notes that AVZ’s tenure did not deliver promised economic benefits to Manono, and its potential exit may further delay local development unless KoBold accelerates progress. However, AVZ’s departure could also open the door for a more stable partnership under KoBold, potentially benefiting the region in the long term.
- The article underscores a mix of hope and despair in Manono, with AVZ’s likely withdrawal representing a significant setback for the company but a potential new chapter for the project under KoBold Metals. For the most current updates, checking posts on X or financial news about AVZ and KoBold could provide further clarity, as the situation remains fluid.
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