AVZ Discussion 2022
- Thread starter GazDix
- Start date
Xerof
Flaming 1967
Easier to point you to the AVZ Announcement itself, being the one dated 16/8/21 titled Carriere deposit a likely rival to Roche …..
Actually someone recently posted a comparison on the Crapper as well
Oh crap that’s right, can’t link to that shit.
It’s a post by underwaterdark today
Last edited:
Thanks, I’ll have a look
DiscoDanNZ
Regular
Still a great link you posted though!
Off topic are you still going to Dunedin for the rugby?
Xerof
Flaming 1967
Yep, the roadie starts tomorrow night
DiscoDanNZ
Regular
Where are you travelling from? If you need any restaurant advice let me know
Xerof
Flaming 1967
Leaving from Christchurch. Points of interest are
Danseys Pass Inn
Royal hotel Naseby
Wedderburn tavern
Vulcan hotel Becks and
Lauder hotel
Staying at a mates place out of Lauder Friday night
Launch into Dunedin during afternoon, pre-game will be anywhere near the stadium. Post game we bolt for another mates place at Wainakarua and commence celebrations.
Thanks mate but food won’t be in sharp focus I suspect
DiscoDanNZ
Regular
Leaving from Christchurch. Points of interest are
Danseys Pass Inn
Royal hotel Naseby
Wedderburn tavern
Vulcan hotel Becks and
Lauder hotel
Staying at a mates place out of Lauder Friday night
Launch into Dunedin during afternoon, pre-game will be anywhere near the stadium. Post game we bolt for another mates place at Wainakarua and commence celebrations.
Thanks mate but food won’t be in sharp focus I suspect
All of those are great places to visit but don't blink or you will miss Becks
Emersons Brewery is only a 2min walk to the stadium but I suspect it will be packed on game day
DiscoDanNZ
Regular
Eleven mining companies in the sights of the DGI
Somika, MMG, Comika, Shituru Mining, Kamoa, KCC, TFM, Anvil Mining, Frontier, Metal Kol and Sicomines are the eleven mining companies in the DRC currently in the sights of the General Directorate of Taxation (DGI).
The latter was instructed to prosecute these non-compliant companies with the superprofit tax.
This given that their tax amounts total US$876.1 million.
This is following the analyzes carried out by the cabinet of the Ministry of Finance, we learned during the last Council of Ministers last Friday.
Freddy Kasongo is executive secretary of the Observatory for Studies and Support for Social Responsibility (OEARSE), a civil society NGO. For his part, he welcomes this approach and encourages companies to pay for flows.
“As we are talking about a recovery of approximately 876 billion US dollars, we can only be delighted. It is also up to the State to ensure that the flow covered is for the benefit of the Public Treasury and not of individuals”.
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However, he believes that the figures given by the ministry have so far not been verified.
“She's definitely technical. It is difficult for civil society to express itself there. Especially since it would be necessary to have the feasibility studies beforehand and also check the superprofits in relation to the selling prices and not to the fluctuation of raw materials on the international market”.
To him to add: “So, we think that at this stage, it is time for the stakeholders to discuss within the framework of the Initiative for the transparency of extractive products on the advisability of publishing the feasibility studies of mining companies”.
In this way, Freddy Kasongo believes that civil society and even the population will be able to have a solid basis for carrying out independent citizen controls in this sector.
“At this stage of the process, we as a nation can only support the government in recovering these flows. It is also necessary to ensure that all the parameters have been checked according to the law in order to avoid the deterioration of the business climate in the mining sector of the DRC”.
www.mediacongo.net
Global Supply For Battery Metals Is Running Tight As Demand Surges
As the desire for electric vehicles increases, the demand for battery metals like lithium and cobalt continues to rise. Will this cause a global pinch on rare earth resources?
Considering all the challenges facing metal commodities (and commodities in general), it remains a distinct possibility.
The Cobalt Craze and Mining Competition
China Molybdenum, a large mining company in mainland China, recently announced plans to invest in mining initiatives based out of the Democratic Republic of Congo.
According to estimates, the firm plans to put a staggering USD $1.8 billion into these new efforts.
The notoriously-unstable central African nation is particularly rich in minerals, boasting some of the world’s largest copper and cobalt mines.
Of course, with so much cobalt sourced directly from DRC, China Molybdenum will have a firm hold on global cobalt buyers.
As with many other commodities, demand and competition for cobalt have been heavily influenced by the war in Ukraine.
The subsequent sanctions on Russia have only further stressed the global cobalt trade. It’s hardly a surprise.
Russia is second to the DRC when it comes to cobalt supply. As demand goes up, competition over mining resources has become quite grizzly.
In fact, Russia recently announced it would go as far as to mine cobalt from sea beds if necessary.
Last week, MetalMiner published an article about Norilsk Nickel, Russia’s top cobalt producer.
The company’s President, Vladimir Potanin, had just been added to the sanctioned individuals list, causing prices on the LME to shoot up 6%.
When combined with ongoing sanctions, the news could mean that having more cobalt available will not benefit Russia in the short term.
California‘s Lithium Tax Affecting Battery Metals As Well
Along with cobalt, the logistics associated with many other rare earth metals are also becoming more challenging. For instance, California recently approved a flat-rate tax on lithium.
According to many industry experts, it’s a move that means big trouble for mining companies in the state.
However, not everyone feels that way.
Proponents think the new tax will allow California-sourced lithium to compete on a more realistic scale. In their minds, fewer lithium imports means more state-sourced lithium, stimulating the local economy.
Another pain point the tax addresses is how to make lithium from Chinese suppliers more affordable. Thanks to the electric vehicle boom, more and more auto manufacturers are utilizing lithium-ion batteries, and that lithium needs to come from somewhere.
For instance, since 2020, GM has put a lot of effort toward EVs.
Just last year, the company invested $71 million dollars into a brand new facility in Southern California.
Of course, the new lithium tax will significantly affect this expansion, at least in the short term.
In the long run, it will hopefully alleviate the cost of Chinese lithium.
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"This given that their tax amounts total US$876.1 million."
Anyone else here hoping/expecting a boat load of announcements to drop out of the blue one day before the 14th? Right before 10am to catch the shorters flat footed. Or is it just me that hopes for this everyday.
TDITD
Top 20
"This given that their tax amounts total US$876.1 million."
Anyone else here hoping/expecting a boat load of announcements to drop out of the blue one day before the 14th? Right before 10am to catch the shorters flat footed. Or is it just me that hopes for this everyday.
Yea, hoping in my cynical mind is more likely.
The announcement on the 17th June said ICC bollocks takes about 4 weeks, that would put it at 15th of July - So if the decision comes in as scheduled and to take DRC time into consideration, we should receive news imminently sometime around summer 2024 if expedited.
I'm expecting a few weeks after the 15th when we get positive news from the ICC, that gets announced and then some movement in the background (of course in slow motion) - then fucking boom, an explosion maybe around the 5th of August we get our heads blown clean off with we have 66% and CATL cash then over the next few weeks with announcement after announcement our computer screens and keyboards become stickier and stickier. BFS, FID, Expansion plans, Battery plant JV, Nigel banned from using the word imminent.
TDITD
Top 20
Imagine you were in the DRC Government and had been dealing with AVZ for the past five years now, from rehabilitating roads, to assisting in the polio vaccination programs to the latest $25million AUD for early works and drilling exploration. You had seen their commitment to employing the locals to help fix up these roads for the oncoming wet season and seen them assist the artisanal miners on the concession, you had read the companies presentations and paid particular attention to their social responsibilities and there social engagement to ensure the community benefits.
Now imagine in comes the Chinese who backdoor into the project stealing from the government (AVZs offer was far superior). The same Chinese who are becoming increasingly known for cheating the DRC out of royalties, taxes and handing out snacks.
Are you going to back the company who has solely progressed this project to the stage of construction, or are you going to back those who offer snacks and are known for cheating your country out of its $$.
It seems like a bloody no-brainer
Now imagine in comes the Chinese who backdoor into the project stealing from the government (AVZs offer was far superior). The same Chinese who are becoming increasingly known for cheating the DRC out of royalties, taxes and handing out snacks.
Are you going to back the company who has solely progressed this project to the stage of construction, or are you going to back those who offer snacks and are known for cheating your country out of its $$.
It seems like a bloody no-brainer
obe wan
Regular
who knows , but given the dates of the Ann on 17th of June and AVZ filed a response, which I assume it did before the 17th and possibly before the 15th . With the recommencement of trade being targeted for the 15 July 2022 ; that would be a full month I assume between filing and start of trading / 30 days
Some one posted here not too long ago about 'Summary Dispositions'
Article 41(5) of the International Centre for Settlement of Investment Disputes (ICSID) Arbitration Rules (introduced in 2006) enables parties to “file an objection that a claim is manifestly without legal merit.” The objection must be filed within 30 days of the tribunal’s constitution (appointment of Arbitrators) and before the tribunal’s first session. While the text refers only to a lack of legal merit, several ICSID tribunals have held that parties may also raise objections under this provision based on a manifest lack of jurisdiction.
is it possible that AVZ are taking this route and looking to get ZijLns cliam knocked out before any proceedings even start?
Best case would be ML for North and South sorted; Z get knocked out and we reopen for trade
TDITD
Top 20
I agree Obe,
forgot about this,
Happy to have DLA piper batting for us, they are experienced professionals and I wouldn't be surprised if the claims are hit out of the park. It certainly seems to have weight that Zijins claim is manifestly without legal merit.
Then of course we would have a few home-run announcements to follow through with.
TDITD
Top 20
obe wan
Regular
yes everything wrapped would be best case scenario, but theres no way the Z thing will be sorted before the 15th unless AVZ can actually get Zs case kicked out through summary deposition or other before the 15th.
judging by the wording in the arbitration proceedings update on 17.06.22, maybe that's the angle AVZ are taking
TDITD
Top 20
Thats the kicker there : 'but theres no way the Z thing will be sorted before the 15th'
We are now onto two week extensions so soon we will be approaching imminent and once we are at imminent then we got about 6 months.
Z case being kicked out though doesn't really do anything without some back up from the DRC government. As the local courts there have been plied with snacks and twice ruled in favour of Zijin. We still need clarification before we come out of suspension.
Samus
Top 20
What compounds the issue with Zijin is that they have entered into a jv with Cominière in nearby tenements towards the start of the year.
Biggest relief imo will be to see the tail end of Cominière who've been the ones to essentially cause all these issues by working against avz in shady dealings with third parties.
Am I correct in understanding that (all going well) once Cominière hand over a percentage to the DRC government they are then out of the picture for good?
Biggest relief imo will be to see the tail end of Cominière who've been the ones to essentially cause all these issues by working against avz in shady dealings with third parties.
Am I correct in understanding that (all going well) once Cominière hand over a percentage to the DRC government they are then out of the picture for good?
TDITD
Top 20
That too was my understanding that they will be out soon, hence they took snacks seeing their window of opportunity shrinking.
Yes Zijin into a JV with the other crooks is dodgy, I'm hoping our CDL tenement is still ours and not in the process of being given away to say an AJN and Zijin JV.
Winenut
GO AVZ!!!!
My liver got scared just reading the itinerary!!Leaving from Christchurch. Points of interest are
Danseys Pass Inn
Royal hotel Naseby
Wedderburn tavern
Vulcan hotel Becks and
Lauder hotel
Staying at a mates place out of Lauder Friday night
Launch into Dunedin during afternoon, pre-game will be anywhere near the stadium. Post game we bolt for another mates place at Wainakarua and commence celebrations.
Thanks mate but food won’t be in sharp focus I suspect
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