AVZ Discussion 2022
- Thread starter GazDix
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investinvest
Regular
Interestingly Jin Cheng is not listed either, at a quick glance. When was this list taken?Zijin have many subsidiaries, but Jinxin doesn’t appear to be one of them
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Bin59
Regular
Taken from an ASX announcement in April 2022 - see the last three pages for the full list.
Becoming a substantial holder - Zijin Mining Group Co., Ltd - Xanadu Mines (ASX:XAM)
Read the latest Substantial Holdings news from Xanadu Mines (ASX:XAM)
www.listcorp.com
JAG
Top 20
nothing to do with AVZ.........Taken from an ASX announcement in April 2022 - see the last three pages for the full list.
Becoming a substantial holder - Zijin Mining Group Co., Ltd - Xanadu Mines (ASX:XAM)
Read the latest Substantial Holdings news from Xanadu Mines (ASX:XAM)www.listcorp.com
Frank
Top 20
*Fyi, fwiw,
Child Labor in Congolese Mines: Serious Decisions Expected from the US Congress
Child labor in Congolese mines is in the eye of the storm in the US Congress where serious decisions are expected in the Tom Lantos Committee on Human Rights, a coalition of the US House of Representatives, which will hold this Thursday, July 14, a special session, better particularly on child labor and human rights violations in the mining industry in the DRC.
A source who contacted the editorial staff of MédiaCongo affirms that several subjects will be discussed during this session, in particular, the examination of human rights violations in the mining sector in the DRC, child labor, forced labor, disregard for worker safety, environmental degradation, the role played by outside actors, Chinese and Russian companies, including corrupt government regulatory regimes in the DRC and the impact on the supply chain of certain minerals.
“The corruption of public officials responsible for licensing and selling assets is a significant problem.
Civil society organizations and the Catholic Church are among those seeking to redress and ameliorate abuses,” notes the Tom Lantos Human Rights Commission, adding that Congo-Kinshasa is a country rich in resources, but poor in governance.
The Commission specifies that the Congolese population lives on average with 1.25 dollars per day while its mineral wealth is exported in its raw state.
The country also has a reserve of 400 million tons of lithium and 25 million tons of cobalt, but the sector is dominated by Chinese investment.
In this regard, several NGOs count nearly 40,000 children who work not only in artisanal mines, but also in dangerous conditions.
It should be noted that members of Congress and other participants will attend in person or remotely the debate on the violation of human rights in Congolese mines.
Among the panelists, we note the presence of activist Hervé Diakiese Kyungu; Eric Schultz, former United States Ambassador to Zambia, Rigobert Minani Bihuzo, S.J., PhD., Head of the Research Department at CEPAS…
Food for thought on the Road to where i'm not sure atm
obe wan
Regular
The deal is that you commence exploration within the first year ; doing nothing for the first 3 years doesn't fit the bill.
Here's a link to the relevant points within the DRC mining code. MMCS have tried to get the decision reversed through a number of legal channels unsuccessfully
In brief: mining rights and title in Democratic Republic of Congo
A look at some of the key legal and practical considerations surrounding mining rights and title in Democratic Republic of Congo, including the extent of state control, renewal and transfer of licences, and protection of rights.
Samus
Top 20
DRC wants to streamline traffic at the Zambian border to speed up metal exports
(Ecofin Agency) - The first African copper producer, the DRC provides 70% of the world's cobalt production and is preparing to produce lithium. As global needs for these metals increase, the country is working to meet them, both in terms of mining production and infrastructure.
In the DRC, truck crossing times at the main border post with Zambia (Kasumbalesa) have more than tripled since 2019. To reduce this waiting time linked to the increase in traffic over the period, Kinshasa is working on construction of a second Lubumbashi – Kasumbalesa road, according to a source familiar with the matter quoted on Tuesday July 12 by Reuters .
If this information is confirmed, it would be a development consistent with the Congolese government's desire to play a more prominent role in the global supply of strategic metals, such as lithium, cobalt and copper. Moreover, it is these last two metals which are largely responsible for the greater number of trucks en route to Zambia, the crossing point for Congolese production towards markets in Asia, Europe and North America.
In recent years, several mining projects have entered production to meet the expected increase in global demand, such as the Deziwa copper-cobalt mine in early 2020, or more recently the Kamoa-Kakula copper complex. in May 2021. Regarding the latter, its owner Ivanhoe Mines expects a gradual ramp-up to 800,000 tonnes within a few years.
La RDC veut fluidifier le trafic à la frontière zambienne pour accélérer les exportations de métaux
Premier producteur africain de cuivre, la RDC assure 70 % de la production mondiale de cobalt et s’apprête à produire du lithium. Alors que les
thegh0stwithin
Regular
These have also been hard-written into the AVZ / Dathcom SAS / Cominiere 2017 joint venture agreement also (at least in respect to the fact that financing must be sought). This comes from the official JV agreement amendment 2017. I have processed and translated the clause so that people do not have to learn French: It sounds simple, it took hours to translate this document from not quite straight scans of agreement pages.The deal is that you commence exploration within the first year ; doing nothing for the first 3 years doesn't fit the bill.
Here's a link to the relevant points within the DRC mining code. MMCS have tried to get the decision reversed through a number of legal channels unsuccessfully
In brief: mining rights and title in Democratic Republic of Congo
A look at some of the key legal and practical considerations surrounding mining rights and title in Democratic Republic of Congo, including the extent of state control, renewal and transfer of licences, and protection of rights.www.lexology.com
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Section 34 Amendment of Article 6 of the Joint Venture Agreement (Preliminary Feasibility Study and Feasibility Study)
The second paragraph of Article 6.5 of the Joint Venture Agreement (Commencement of the Project) is amended and replaced as follows:
If the Feasibility Study is positive, AVZ and DATHCOM Mining SAS will have a period of twelve (12) months to seek the necessary financing to carry out the investments provided for in the Feasibility Study in order to carry out the Project. At the end of this twelve (12) month period, AVZ and DATHCOM Mining SAS will notify COMINIERE SA of their decision to put all or part of the Goods in Commercial Production in accordance with the Feasibility Study.
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obe wan
Regular
Thanks mate, yes it's unreal that these Cominiere crew don't seem to have actually absorbed the contents of the term sheet, which they are a JV member
Wonder what kind of fluster the Cominierie crew got into last night after seeing the Momentum article. -
‘AVZ will support any initiative of Ongs and the media or other Congolese bodies on this subject, it will feel happy to share interesting and useful information for the success of the cause.’
thegh0stwithin
Regular
Drinks, snacks, refreshments.. it's all on me boys, I promise!
p.s. Just don't tell Nigel or Felix
p.s. Just don't tell Nigel or Felix
DiscoDanNZ
Regular
I've just spent the last week thinking today was when the last extension ran to, I'll stop freaking out for 24 hours now lol
Frank
Top 20
US says it will back miners to stop China’s weaponization of battery metals
Developers of battery metals projects can win support from the US government as it seeks to counter the dominance of China in clean-technology supply chains, Energy Secretary Jennifer Granholm said.
Nations including the US have raised concerns over the global concentration of refining and production capacity for key materials like lithium, rare earths and cobalt, prompting President Joe Biden to invoke the 1950 Defense Production Act to encourage domestic production.
“Our concern is that critical minerals could be vulnerable to manipulation, as we’ve seen in other areas, or weaponization,” Granholm said Wednesday in a meeting in Sydney with companies including BHP Group, Rio Tinto Group and Lynas Corp.
“We are very serious about establishing strong relationships with Australia and with your potential customers for offtake.”
Producers in nations including Australia can also access support through agencies including the Department of Energy’s loan programs office, Granholm said at the Wednesday meeting.
China accounts for almost three-quarters of manufacturing capacity for lithium-ion batteries needed for electric vehicles and renewables energy storage, and dominates steps throughout the supply chain, including the processing of a suite of key metals.
The nation is also the world’s dominant supplier of solar power equipment, and is seeking to build out its market share in the emerging clean hydrogen sector.
Syrah Resources Ltd., a Melbourne-based graphite producer with facilities in Mozambique and Louisiana, in April won a $107 million commitment from the loan programs office.
Rare earths producer Lynas Rare Earths Ltd. in June signed a contract with the U.S. Department of Defense to establish a plant in Texas.
www.mining.com/category/battery-metals/
Food for thought on the Road to Mining Manono
thegh0stwithin
Regular
For those that monitor these things..
This compares to:
- A price of US$6,350 purchased prior to auction (no auction undertaken) last month (June)
- A price of US$6,586 purchased during auction in May
The down trend in pricing continues, which may or may not help us in consideration for the 15% of Cominiere for which we have first right of refusal over.
This compares to:
- A price of US$6,350 purchased prior to auction (no auction undertaken) last month (June)
- A price of US$6,586 purchased during auction in May
The down trend in pricing continues, which may or may not help us in consideration for the 15% of Cominiere for which we have first right of refusal over.
Azzler
Top 20
Imagine if AVZ was in production and had expanded to a 20MT operation, and selling their goods for this price.
Just a cool 136 BILLION $$$ per year!
DiscoDanNZ
Regular
US says it will back miners to stop China’s weaponization of battery metals
Developers of battery metals projects can win support from the US government as it seeks to counter the dominance of China in clean-technology supply chains, Energy Secretary Jennifer Granholm said.
Nations including the US have raised concerns over the global concentration of refining and production capacity for key materials like lithium, rare earths and cobalt, prompting President Joe Biden to invoke the 1950 Defense Production Act to encourage domestic production.
“Our concern is that critical minerals could be vulnerable to manipulation, as we’ve seen in other areas, or weaponization,” Granholm said Wednesday in a meeting in Sydney with companies including BHP Group, Rio Tinto Group and Lynas Corp.
“We are very serious about establishing strong relationships with Australia and with your potential customers for offtake.”
View attachment 11291
Producers in nations including Australia can also access support through agencies including the Department of Energy’s loan programs office, Granholm said at the Wednesday meeting.
China accounts for almost three-quarters of manufacturing capacity for lithium-ion batteries needed for electric vehicles and renewables energy storage, and dominates steps throughout the supply chain, including the processing of a suite of key metals.
The nation is also the world’s dominant supplier of solar power equipment, and is seeking to build out its market share in the emerging clean hydrogen sector.
Syrah Resources Ltd., a Melbourne-based graphite producer with facilities in Mozambique and Louisiana, in April won a $107 million commitment from the loan programs office.
Rare earths producer Lynas Rare Earths Ltd. in June signed a contract with the U.S. Department of Defense to establish a plant in Texas.
www.mining.com/category/battery-metals/
View attachment 11292
Food for thought on the Road to Mining Manono
Meanwhile the likes of AZL have to sit around waiting for BLM drilling permits for extended periods as if it's the DRC not Arizona, maybe they need to pay out some twinkies and milk duds.
Well it's a safe bet no news today probably means further extension tomorrow. Hopefully along with something to digest this time, recent article gives some hope for that at least.
I was quietly hoping for an early drop of lots of good news but in reality this is AVZ
Wishful thinking now has me hoping for the announcement of another 2 weeks suspension but something good actually happens for us late Friday DRC time and we open Monday on a mountain of good announcements, catch the shorters out and we have to start planning the $2 Tranny Party early.
Dreams are free
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