AVZ Discussion 2022
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Samus
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Denunciation, call for conscience, DRC: Mice Tshibangu raises his voice on the lithium mining project in Manono
written by Admin June 24, 2022 0 comment
Investigative journalist, Mice Tshibangu presented a film, Thursday June 23, 2022, highlighting the dramatic outcome of the agreement between the Congolese company COMINIERE and that of the Australian AVZ MINERALS, in the exploitation of lithium in the territory of Manono, located in the province of Tanganyika. It was during a press conference that he hosted in the enclosure of the Cathedral of Our Lady of Fatima, located in the town of Gombe.
This film of more than two hours shows the non-respect of the agreements of AVZ MINERALS signed with COMINIERE. However, the agreement provided that the Australian company privileged partner with 70%, will bring its share of the rest of the capital necessary for the construction of the Manono lithium mine, but also additional expenses to make the project grow.
Through this film, Mice Tshibangu believes that it is important, given that the country is in a situation of war, the population, the press must rise up to support the government in one way or another so that it win your case in this case which is already at the level of justice, a question of mobilizing a substantial budget for the exploitation of the deposits located in Manono to help the country ever so slightly from the chaos in which it finds itself.
“ Today, it must be said that many authorities, especially from the previous regime who signed the contracts, which do not benefit the country in any way. And this makes the task difficult for the current President of the Republic because he found on his table the contracts that the previous authorities signed, not for the country but for their pockets", he revealed, before d feel that the DRC has been betrayed because everything is almost blocked.
He also pointed out that he is full of several similar files in his game bag showing how previous leaders signed contracts in the name of the Republic, but the funds went into their pockets to enrich themselves.
The Congolese must, he adds, stop with trivialities to devote themselves to such serious files which will help to advance our country.
Christian Musungayi
Dénonciation, appel à la conscience, RDC : Mice Tshibangu hausse le ton sur le projet de l’exploitation du lithium à Manono - Laprosperite
Journaliste d’investigation, Mice Tshibangu a présenté un film, jeudi 23 juin 2022, mettant en lumière le dramatique dénouement sur l’accord entre la société congolaise COMINIERE et celle de l’australien AVZ MINERALS, dans l’exploitation du lithium dans le territoire de Manono, situé dans la...
laprosperiteonline.net
DRC: Investigative journalist Mils Tshibangu denounces the looting of lithium from Manono by the company AVZ
In a documentary of more than an hour of which Actu30.cd has a copy, the investigative journalist Mils Tshibangu denounces the looting of lithium and the non-respect of the contract for the exploitation of the Manono mine in the province of Tanganyika by the AVZ company .
In this video, the author talks about the company in the portfolio of the State in COMINIERE which, according to him, since the signing of the contract with AVZ "has not benefited anything, neither in terms of percentages even less from the promises of this company, who is only working for his own interest”.
According to Mils Tshibangu, the objective is for the government to be informed and for the population to ask the national government to get involved in this file, and after the government has forced AVZ to keep the promises through the contract. signed, or the lawyers help kick AVZ out.
This journalist calls on the Congolese authorities to take urgent decisions to resolve this issue, especially since this situation negatively influences the lives of the local population.
As a reminder, on October 17, 2016, COMINIERE and DATHOMIR Sarl had concluded a joint venture agreement for the exploitation of permit 12202. This exploitation permit had become an exploration permit 13359. And, after the completion of the contract with MMCS and the forfeiture of this operating license. PE 12202 was thus split into two PRs, including 13689 for discharges and 13359 for the mine. The contract was amended in December 2016.
La COMINIERE AND DATHOMIR created the company DATHCOM MINING SA in which each holds respectively 30% and 70% of the shares. In January 2017, the two shareholders decided to sell PR 13359 to DATHCOM SA for operation. On November 20, 2017, COMINIERE, DATHOMIR and AVZ MINERALS signed an agreement under which AVZ MINING acquired 60% of the shares of DATHOMIR SARL in DATHCOM MINING SA. AVZ paid A$500,000 for this transaction. After this agreement, the share capital of DATHCOM SA was as follows: COMINIERE 25%, AVZ MINERALS 65% and DATHOMIR 10%. COMINIERE then ceded 5% to AVZ to remain with 25%.
Five years after the creation of the joint venture, no significant activity on the site. The project remained in a research phase. This is how COMINIERE was contacted by the Chinese ZIJIN. The latter was eyeing the Manono-Kitotolo project on which COMINIERE was counting a lot thanks to a world-class lithium deposit. But compliance with the clauses by the shareholders posed a problem. AVZ obstructed the development of the project with opacity in fundraising operations.
James Mushiya
RDC : Le journaliste d’investigation Mils Tshibangu dénonce le pillage de lithium de Manono par la société AVZ - Actu30
Dans un documentaire de plus d’une heure dont Actu30.cd détient une copie, le journaliste d’investigation Mils Tshibangu dénonce le pillage du lithium et le non-respect du contrat d’exploitation de la mine de Manono dans la province du Tanganyika par la société AVZ. Dans cette vidéo, l’auteur...
actu30.cd
Not even surprised by that!The author of that incorrect ABC article re Cath buying AVZ, is also a reporter for CHINA TONIGHT
View attachment 10082
LOCKY82
Regular
The trolls are going to love this! Something solid from management or some show of support from drc officials is needed soon! IMO re-opening without some form reassurance won't be a good look.Denunciation, call for conscience, DRC: Mice Tshibangu raises his voice on the lithium mining project in Manono
written by Admin June 24, 2022 0 comment
Investigative journalist, Mice Tshibangu presented a film, Thursday June 23, 2022, highlighting the dramatic outcome of the agreement between the Congolese company COMINIERE and that of the Australian AVZ MINERALS, in the exploitation of lithium in the territory of Manono, located in the province of Tanganyika. It was during a press conference that he hosted in the enclosure of the Cathedral of Our Lady of Fatima, located in the town of Gombe.
This film of more than two hours shows the non-respect of the agreements of AVZ MINERALS signed with COMINIERE. However, the agreement provided that the Australian company privileged partner with 70%, will bring its share of the rest of the capital necessary for the construction of the Manono lithium mine, but also additional expenses to make the project grow.
Through this film, Mice Tshibangu believes that it is important, given that the country is in a situation of war, the population, the press must rise up to support the government in one way or another so that it win your case in this case which is already at the level of justice, a question of mobilizing a substantial budget for the exploitation of the deposits located in Manono to help the country ever so slightly from the chaos in which it finds itself.
“ Today, it must be said that many authorities, especially from the previous regime who signed the contracts, which do not benefit the country in any way. And this makes the task difficult for the current President of the Republic because he found on his table the contracts that the previous authorities signed, not for the country but for their pockets", he revealed, before d feel that the DRC has been betrayed because everything is almost blocked.
He also pointed out that he is full of several similar files in his game bag showing how previous leaders signed contracts in the name of the Republic, but the funds went into their pockets to enrich themselves.
The Congolese must, he adds, stop with trivialities to devote themselves to such serious files which will help to advance our country.
Christian Musungayi
Dénonciation, appel à la conscience, RDC : Mice Tshibangu hausse le ton sur le projet de l’exploitation du lithium à Manono - Laprosperite
Journaliste d’investigation, Mice Tshibangu a présenté un film, jeudi 23 juin 2022, mettant en lumière le dramatique dénouement sur l’accord entre la société congolaise COMINIERE et celle de l’australien AVZ MINERALS, dans l’exploitation du lithium dans le territoire de Manono, situé dans la...
DRC: Investigative journalist Mils Tshibangu denounces the looting of lithium from Manono by the company AVZ
In a documentary of more than an hour of which Actu30.cd has a copy, the investigative journalist Mils Tshibangu denounces the looting of lithium and the non-respect of the contract for the exploitation of the Manono mine in the province of Tanganyika by the AVZ company .
In this video, the author talks about the company in the portfolio of the State in COMINIERE which, according to him, since the signing of the contract with AVZ "has not benefited anything, neither in terms of percentages even less from the promises of this company, who is only working for his own interest”.
According to Mils Tshibangu, the objective is for the government to be informed and for the population to ask the national government to get involved in this file, and after the government has forced AVZ to keep the promises through the contract. signed, or the lawyers help kick AVZ out.
This journalist calls on the Congolese authorities to take urgent decisions to resolve this issue, especially since this situation negatively influences the lives of the local population.
As a reminder, on October 17, 2016, COMINIERE and DATHOMIR Sarl had concluded a joint venture agreement for the exploitation of permit 12202. This exploitation permit had become an exploration permit 13359. And, after the completion of the contract with MMCS and the forfeiture of this operating license. PE 12202 was thus split into two PRs, including 13689 for discharges and 13359 for the mine. The contract was amended in December 2016.
La COMINIERE AND DATHOMIR created the company DATHCOM MINING SA in which each holds respectively 30% and 70% of the shares. In January 2017, the two shareholders decided to sell PR 13359 to DATHCOM SA for operation. On November 20, 2017, COMINIERE, DATHOMIR and AVZ MINERALS signed an agreement under which AVZ MINING acquired 60% of the shares of DATHOMIR SARL in DATHCOM MINING SA. AVZ paid A$500,000 for this transaction. After this agreement, the share capital of DATHCOM SA was as follows: COMINIERE 25%, AVZ MINERALS 65% and DATHOMIR 10%. COMINIERE then ceded 5% to AVZ to remain with 25%.
Five years after the creation of the joint venture, no significant activity on the site. The project remained in a research phase. This is how COMINIERE was contacted by the Chinese ZIJIN. The latter was eyeing the Manono-Kitotolo project on which COMINIERE was counting a lot thanks to a world-class lithium deposit. But compliance with the clauses by the shareholders posed a problem. AVZ obstructed the development of the project with opacity in fundraising operations.
James Mushiya
RDC : Le journaliste d’investigation Mils Tshibangu dénonce le pillage de lithium de Manono par la société AVZ - Actu30
Dans un documentaire de plus d’une heure dont Actu30.cd détient une copie, le journaliste d’investigation Mils Tshibangu dénonce le pillage du lithium et le non-respect du contrat d’exploitation de la mine de Manono dans la province du Tanganyika par la société AVZ. Dans cette vidéo, l’auteur...
Samus
Top 20
It's getting out of control, looks like someone is busy handing out snacks for disinformation?
Can't tell me this guy made a documentary about AVZ out of some deep seeded feeling of injustice based on any facts.
Ffs DRC, hard to have much faith in these people at this point.
Standard defamatory tactics I would imagine!
LOCKY82
Regular
Management I'm sure are they must be working round the clock, but this is a massive attack on the company and you can't reply to every numpty that reports some bs! But any show of strength or progress reports would be great rather than letting these twats make up whatever they want. The PR team could do a better job imo. I'm looooong with avz anyway we'll be right in the end.
unfortunately its not management that need to work around the clock now....it's DRC gov
therein lies the problem
Samus
Top 20
Be very nice to see some positive outcomes from the company next week. Further suspension or not we need something to counteract this shit that keeps getting piled on.
Don't know about anyone else but my nerves are becoming shot with all this, it's extremely aggravating.
Bin59
Regular
DRC: Investigative journalist Mils Tshibangu denounces the looting of lithium from Manono by the company AVZ
From the article:
“As a reminder, on October 17, 2016, COMINIERE and DATHOMIR Sarl had concluded a joint venture agreement for the exploitation of permit 12202. This exploitation permit had become an exploration permit 13359. And, after the completion of the contract with MMCS and the forfeiture of this operating license. PE 12202 was thus split into two PRs, including 13689 for discharges and 13359 for the mine. The contract was amended in December 2016.
La COMINIERE AND DATHOMIR created the company DATHCOM MINING SA in which each holds respectively 30% and 70% of the shares. In January 2017, the two shareholders decided to sell PR 13359 to DATHCOM SA for operation. On November 20, 2017, COMINIERE, DATHOMIR and AVZ MINERALS signed an agreement under which AVZ MINING acquired 60% of the shares of DATHOMIR SARL in DATHCOM MINING SA. AVZ paid A$500,000 for this transaction. After this agreement, the share capital of DATHCOM SA was as follows: COMINIERE 25%, AVZ MINERALS 65% and DATHOMIR 10%. COMINIERE then ceded 5% to AVZ to remain with 25%.”
The information contained in this article seems identical to that previously being posted by Der Geist on Twitter - perhaps it was forwarded to him?
I've written off 50% of my current investment in my mind.
It's less aggravating when you think like that
All the articles for and against are just meh after that haha..Yes it certainly would be good to hear something positive. As usual we will just have to wait and see.
Don't mean to be negative Nancy, I truly believe we'll see our rewards in due course
Just had a few Guinness and watched the joker for the first time and it has me pessimistic about the world
great movie tho
It's just pathetic dribble . Zijin have paid off an F grade journalist with porno mags and snacks . I see it as a positive . These morons are getting desperate . IMO
obe wan
Regular
Just another bullshit article “Five years after the creation of the joint venture, no significant activity on the site.” - lol, ye ye only around $100m+ has gone into pushing this project forward since MMCS did zip on site and lost the tenement .
how many times have we seen this ‘ no significant activity ‘ desperate attempt ; these munters will have tried every angle in an attempt to pry Manono away from the company (AVZ) which has gone about things the right way , but they can’t get a lifting angle ; so they go back to the old ‘no significant activity’ which caught MMCS out and try that one again . These articles are no doubt rooted back to Simon Cong and Co whom is only interested in lining his own and the pockets of those around him. so of this stuff is laughable …the best I’ve heard was that Dathomir / Simon Cong felt that more $$ was payable for those additional percentages they had already been paid in full for, because he felt more money could be generated for tax….
how straight do you reckon Simon Congs tax returns are ; person of the year
Samus
Top 20
It's more the apparent inefficiency, dodginess and incompetence of these DRC people that is aggravating. I'm already down 66% in my mind tbh, that's ok, whatever. Just get the fuck on with it you morons!I've written off 50% of my current investment in my mind.
It's less aggravating when you think like that
Seems it's a deep dive into the patchwork of corruption on every level to ever get anything done and meanwhile any idiot can publish whatever they like without repercussions.
Come invest in the DRC, they're a joy to work with!
Frank
Top 20
If this battery turns out to be a success then it will help further the transition to EVs quicker, range is obviously one of the biggest concerns when it comes to EVs and this battery is most definitely going to help those with doubts in this department. Things are heating up more
3 ways to ease record gasoline prices over the long run
The national gas price currently averages around $5 per gallon, compared with around $3.5 in February.
Americans still look prepared to hop into cars for summer road trips, including the upcoming Fourth of July holiday, despite soaring gasoline prices and high inflation taking a toll as they fill up their tanks.President Joe Biden called on Congress Wednesday to briefly suspend the federal taxes on gasoline and diesel, while encouraging U.S. oil refining companies to produce more supplies to alleviate the burden of high prices on consumers.
Read more: What a federal gas-tax suspension means for energy prices
However, analysts at JPMorgan said fuel prices won’t drop until supply-side issues, including an acute shortage of refining capacity, have been addressed, in a Wednesday client note.
“The administration announced it could use ‘all reasonable and appropriate federal government tools’ to increase refining capacity, including the Defense Production Act to order refiners to bring some of their shuttered plants back online,” said JP Morgan’s Natasha Kaneva, Ted Hall and Prateek Kedia, in the bank’s global commodities research team.
“The Biden administration could also consider ways to keep refineries that plan on closing in the near future to remain open, helping to avoid an even more severe shortage of capacity in 2023.”
In the recent past, it took an average of six to 12 months for shuttered refineries to restart, according to the commodities team.
The national gas price average currently stands at $4.94 per gallon, compared with around $3.50 in February.
Before the Biden administration imposed sanctions on Russian energy imports in an attempt to undermine the Kremlin’s ability to fund its war against Ukraine, the U.S. imported more than 300,000 barrels of vacuum gas oil from Russia in the past two years, according to JP Morgan.
VGO is an intermediate feedstock to escalate gasoline production from refineries.
JPMorgan’s team suggested that the U.S. instead find alternatives, including trading with Venezuela, to boost capacity.
In addition, “persuading China to increase its quotas of transportation fuels exports could increase supply by about 500,000 barrels per day,” according to the report.
China, the second-largest refiner world-wide, is on track to achieve a net-zero target by eliminating cargo exports of transportation fuels before 2025.
The country’s emissions need to be reduced by 45% by 2030 and reach net-zero by 2050.
While the Biden administration has backed policies and taken executive actions to lower gasoline prices, the JPMorgan team said those only provide “some temporary relief to U.S. consumers” and “will instead likely encourage Americans to drive more,” leading to a stronger demand growth and higher gas prices.
www.marketwatch.com
*I find it Ironic, that there's No mention of EV's in the Plan to ease record gasoline prices over the long run, but
Suspending federal taxes on gasoline and diesel, while encouraging U.S. oil refining companies to produce more, plus
Considering ways to keep refineries that plan on closing to remain open, and
“persuading China to increase its quotas of fuel exports could increase supply
Is a good idea so we can add more Polluting Greenhouse Gases for the Planet to Choke on
Anyway, I bet with Petrol Prices this High it will only push more and more people into an EV sooner rather than later
Food for thought
Frank
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