Just look at the following example:
To my understanding if we're talking about the application for the licence, AVZ applied for the licence on behalf of Dathcom and not as AVZ to become the licence holder.
Would it be fair to say we are in
a) better position
b) same as before
c) there is no “c”
than where we were a week ago with these latest developments, announcements and activities in DRC
English is not my first language so I miss between the line information in these press releases and announcements.
Personally I think we are in a better position, yes?
I wondered about that too and whether that may be because that JV was formed prior to the new Mining Code taking effect. I have not researched into this yet. IMO
Thanks for posting this Sammael.Manono lithium project and sale of COMINIERE SA: AVZ Minerals breaks the silence
Accused of selling off COMINIERE SA by a fringe of public opinion, the mining company AVZ Minerals finally came out of hiding. So she decided to break the silence. During a press conference held on Saturday July 15, 2022, this company, through its legal counsel Christian Lukusa, clarified a number of points. She gave details about Manono's lithium project and reacted to the allegations made against her. According to AVZ Minerals, the Manono lithium mine belongs to the DATHCOM company of which it is a part and also the COMINIERE SA company. AVZ Minerals also implores the government to grant them, through the Mining Cadastre (CAMI), authorization for the start of this project, because the fund "is already available", reassured the lawyer.
“Today we have come to clarify opinion. The idea for us was not to point fingers at people. So we have come to attract the attention of the national community. Because there has been a lot of misinformation circulating. We therefore wanted to clarify the paradigm according to which the investor who arrives, comes to steal the country's ore”, expresses Christian Lukusa before specifying that the company which has the operating license is the company DATHCOM. AVZ Minerals is only the majority shareholder. It therefore inspires ideas. Moreover, “We have also collaborated for a long time with COMINIERE in the implementation of the Manono lithium project. And COMINIERE is an integral part of DATHCOM's board of directors,” he argues.
According to him, the AVZ did not go overboard and complied with the law in this area. It therefore did not deviate from the clauses of the partnership contract. “The Joint Venture (JV) for which we are accused today was never written by the AVZ. The AVZ found it. So she came and joined. And it only applies what is established in the JV contract which is in particular the control at the level of the company and the distribution at the level of the positions, ”he explains. And in this partnership, a number of conditions have been set for the different partners. “For COMINIERE, the feasibility study should show a rate of return of 20%. But we have doubled this rate of return to 40%. Then we had to raise funds. Indeed, the fund has been raised, ”he informs.
Another major condition that the AVZ declares to have respected is the presentation of the feasibility study within five years as indicated by the mining code in force. “In less than three years, we produced this feasibility study which was presented to COMINIERE and discussed at board meetings.
And a decision was made. Since the feasibility study was written in English, we had to translate it into French. We finished it in April 2020 and presented it to COMINIERE in August 2020 after translation. Written evidence exists", he defends himself while regretting the fact that the CAMI has not always reacted around their file to make official the operating permit for the lithium mine held by DATHCOM, the decree of which was signed by the National Minister of Mines Antoinette N'Samba in May 2021.
As for the project, Christian Lukusa notes that the company has 500 million USD to launch the first phase of construction of the mine but also of the Mpyana Mwanga power plant which will produce 33 megawatts. "The power that will be produced from the Mpyana Mwanga power station will supply the mining industry and serve the population", he said before noting that this Manono lithium project is an integrated project which does not only include the mine but also the development of a special economic zone in Manono while integrating other activities. "We are planning the development of the railway, the rehabilitation of the Kabondo Dianda road and the construction of a water treatment plant", he further noted.
Moreover, the AVZ declares that it is not interested in the conflict because it does not resolve anything. With its privileged partner COMINIERE SA, AVZ Minérales expects from the Congolese State, through the CAMI, the notification to launch the works of the first phase of the project which is the construction of the plant. "We therefore implore the government to allow the company DATHCOM to start the project which will certainly contribute to the economic development of the territory of Manono", he wishes. It should therefore also be noted that the first tonnes of lithium spodumene are expected towards the last months of 2023. According to the feasibility study, the mine hosts 44.6 million tonnes of proven reserves and 48.5 million of probable reserves. . Over the 20-year lifespan, the mine is expected to have an annual production capacity of 700,000 tonnes of spodumene concentrate (SC6), a raw material needed to produce lithium hydroxide and carbon. Manono should therefore also deliver 45,375 tonnes of primary lithium sulphates each year.
Djodjo Mulamba
Projet de lithium de Manono et bradage de la COMINIERE SA : L’AVZ Minérales brise le silence – Geopolismagazine
Accusée de bradage de la société COMINIERE SA par une frange de l’opinion publique, la compagnie minière AVZ Minérales est finalement sortie de sa clandestinité. Elle a donc décidé de briser le silence. Au cours d’une conférence de presse qui s’est tenue le samedi 15 juillet 2022, cette société...www.geopolismagazine.net
This article is looking very positive for AVZ !!Manono lithium project and sale of COMINIERE SA: AVZ Minerals breaks the silence
Accused of selling off COMINIERE SA by a fringe of public opinion, the mining company AVZ Minerals finally came out of hiding. So she decided to break the silence. During a press conference held on Saturday July 15, 2022, this company, through its legal counsel Christian Lukusa, clarified a number of points. She gave details about Manono's lithium project and reacted to the allegations made against her. According to AVZ Minerals, the Manono lithium mine belongs to the DATHCOM company of which it is a part and also the COMINIERE SA company. AVZ Minerals also implores the government to grant them, through the Mining Cadastre (CAMI), authorization for the start of this project, because the fund "is already available", reassured the lawyer.
“Today we have come to clarify opinion. The idea for us was not to point fingers at people. So we have come to attract the attention of the national community. Because there has been a lot of misinformation circulating. We therefore wanted to clarify the paradigm according to which the investor who arrives, comes to steal the country's ore”, expresses Christian Lukusa before specifying that the company which has the operating license is the company DATHCOM. AVZ Minerals is only the majority shareholder. It therefore inspires ideas. Moreover, “We have also collaborated for a long time with COMINIERE in the implementation of the Manono lithium project. And COMINIERE is an integral part of DATHCOM's board of directors,” he argues.
According to him, the AVZ did not go overboard and complied with the law in this area. It therefore did not deviate from the clauses of the partnership contract. “The Joint Venture (JV) for which we are accused today was never written by the AVZ. The AVZ found it. So she came and joined. And it only applies what is established in the JV contract which is in particular the control at the level of the company and the distribution at the level of the positions, ”he explains. And in this partnership, a number of conditions have been set for the different partners. “For COMINIERE, the feasibility study should show a rate of return of 20%. But we have doubled this rate of return to 40%. Then we had to raise funds. Indeed, the fund has been raised, ”he informs.
Another major condition that the AVZ declares to have respected is the presentation of the feasibility study within five years as indicated by the mining code in force. “In less than three years, we produced this feasibility study which was presented to COMINIERE and discussed at board meetings.
And a decision was made. Since the feasibility study was written in English, we had to translate it into French. We finished it in April 2020 and presented it to COMINIERE in August 2020 after translation. Written evidence exists", he defends himself while regretting the fact that the CAMI has not always reacted around their file to make official the operating permit for the lithium mine held by DATHCOM, the decree of which was signed by the National Minister of Mines Antoinette N'Samba in May 2021.
As for the project, Christian Lukusa notes that the company has 500 million USD to launch the first phase of construction of the mine but also of the Mpyana Mwanga power plant which will produce 33 megawatts. "The power that will be produced from the Mpyana Mwanga power station will supply the mining industry and serve the population", he said before noting that this Manono lithium project is an integrated project which does not only include the mine but also the development of a special economic zone in Manono while integrating other activities. "We are planning the development of the railway, the rehabilitation of the Kabondo Dianda road and the construction of a water treatment plant", he further noted.
Moreover, the AVZ declares that it is not interested in the conflict because it does not resolve anything. With its privileged partner COMINIERE SA, AVZ Minérales expects from the Congolese State, through the CAMI, the notification to launch the works of the first phase of the project which is the construction of the plant. "We therefore implore the government to allow the company DATHCOM to start the project which will certainly contribute to the economic development of the territory of Manono", he wishes. It should therefore also be noted that the first tonnes of lithium spodumene are expected towards the last months of 2023. According to the feasibility study, the mine hosts 44.6 million tonnes of proven reserves and 48.5 million of probable reserves. . Over the 20-year lifespan, the mine is expected to have an annual production capacity of 700,000 tonnes of spodumene concentrate (SC6), a raw material needed to produce lithium hydroxide and carbon. Manono should therefore also deliver 45,375 tonnes of primary lithium sulphates each year.
Djodjo Mulamba
Projet de lithium de Manono et bradage de la COMINIERE SA : L’AVZ Minérales brise le silence – Geopolismagazine
Accusée de bradage de la société COMINIERE SA par une frange de l’opinion publique, la compagnie minière AVZ Minérales est finalement sortie de sa clandestinité. Elle a donc décidé de briser le silence. Au cours d’une conférence de presse qui s’est tenue le samedi 15 juillet 2022, cette société...www.geopolismagazine.net
