Hopeful Is exactly what I am. I agree until official company announcement it is not real news. Let’s hope we are all pleasantly surprised soon.
AVZ Discussion 2022
- Thread starter GazDix
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Remark
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Anyone else getting a blank map on the DRC Mining Cadastre website after entering 13359?
drclicences.cami.cd
DRC Mining Cadastre Map Portal - Spatial Dimension Landfolio
thorgin
Regular
yeahs been dodgy for a few days, works if you just zoom in and let it load.Anyone else getting a blank map on the DRC Mining Cadastre website after entering 13359?
View attachment 12204
DRC Mining Cadastre Map Portal - Spatial Dimension Landfolio
Remark
Top 20
Thanks Thorgin.
Bin59
Regular
MoneyBags1348
Top 20
An article on Tantalex Lithium and Manono’s tailings in The Africa Report today. The Tantalex CEO suggesting demand for lithium to rise about six times between now and 2030 and hoping for an agreement between them and the Govt to repair roads and bridges between Manono and Lubumbashi. Be nice for someone else to pay for infrastructure rather than AVZ paying everything but I think AVZ will probably already have this sorted before Tantalex get anything done. The Tantalex permit covers the surface area where AVZ has under ground rights. Not really the information I’m waiting for but I guess any information referring to AVZ and the lithium price going up six times might have to do today https://www.theafricareport.com/224...unds-for-drc-lithium-tantalum-tin-production/
Skar
Regular
I mean if you are shopping here is one that says 10x
Demand supply mismatch in lithium to intensify, 10x expansion of battery & mineral supply chain needed, warns IEA - ET Auto
Ev Battery: Explosive demand for EVs worldwide has seen a steep rise in prices of key raw materials like lithium, nickel and cobalt this year. Paris based autonomous intergovernmental agency IEA has warned of intense demand supply mismatch in lithium in years to come highlighting massive...
Mr Inappropriate
Regular
We really need the BFS to come out with the announcement to support the SP.
Does anyone know if the BFS needs to be approved by either partners or the government, or is it entirely in AVZ’s hands.
This was posted only a couple of hours ago in The Africa Report:
THIRST FOR BATTERIES
Tantalex plans to raise funds for DRC lithium, tantalum, tin production
By David WhitehousePosted on Friday, 22 July 2022 06:00
Canada-headquartered Tantalex Lithium plans to raise funds to bring its assets in the Democratic Republic of Congo (DRC) into operation and continue exploration, CEO Eric Allard tells The Africa Report.
The company aims to raise $15m by early next year, which could be from an off-taker or strategic investor, Allard says. Tantalex is also working to secure bank loans and plans a small equity placement, he adds. Further fundraising would then be needed to build a mine at the largest project, Manono Tailings in south-east DRC, which contains lithium, tantalum and tin.
READ MORE DRC, Mali, Zimbabwe: The race to become a top lithium producer
Drilling continues at Manono Tailings, with a resource estimate due by mid-September and a final investment decision planned for 2023. Production could then start there by late 2024 or early 2025, which would coincide with a forecast peak in lithium demand, Allard says.
Lithium boom
Lithium is a key component in electric vehicle, wind turbine and solar panel batteries. Prices have surged this year as high oil prices accelerate global roll-outs of zero-emission transportation policies.According to Susan Zou, a senior analyst at Rystad Energy, the battery-grade lithium carbonate price in the domestic Chinese market currently is up by around 832% from the start of last year. Rystad says that the lithium carbonate price in China has room to increase further in the third quarter.
- Allard says that global demand for lithium is likely to rise by about six times between now and 2030, driven by climate change and electric vehicle adoption.
- Tantalex is listed in Canada and Frankfurt. This month, the stock started trading on the OTCQB venture market in the US.
- Executives including Allard hold 14% of its shares, and Swiss metals trader AfriMet Resources is a core shareholder.
Colonial roots
Mining activity at Manono was started by Belgian colonialists in 1913. Poorly maintained Belgian residences can still be seen there, says Allard, who lived for five years in the Republic of Congo and a year in the DRC.Parts of the road between Manono and Lubumbashi are difficult in the wet season, and some bridges need repairing, Allard says. He hopes to reach an agreement on paying for the repairs with the government, which is a minority partner in the project. It is “obviously in their interests” for the road to be fixed, he argues.
READ MORE Zimbabwe looks to lithium to power electric car revolution and its economy
The company has a smaller tin and tantalum project at Lubule, where it has invested $10m. Electronic components such as engine turbines and semiconductors contain tantalum, while tin is used in anti-corrosive plating and coating.
Allard is waiting for Tantalex’s exploration license to be converted into a mining permit. The process is “clearly procedural” and the permit is likely to be “days or weeks away,” he says.
- Starting production at Lubule would show investors that the company can operate in the region and generate positive cashflow to help fund more exploration, Allard says.
- The company’s Pegmatite corridor project also has great potential, Allard says. The lithium resource held by AVZ Minerals in the area is “the best lithium resource in the world,” he says.
- The Tantalex permit covers surface areas, where operating costs will be low, while AVZ has underground rights. The area has “high potential for further discoveries,” Allard concludes.
The bottom line
The world needs the DRC’s lithium resources if a mass shift to electric vehicles is to become reality.
Frank
Top 20
This was posted only a couple of hours ago in The Africa Report:
THIRST FOR BATTERIES
Tantalex plans to raise funds for DRC lithium, tantalum, tin production
By David Whitehouse
Posted on Friday, 22 July 2022 06:00
Lithium batteries are manufactured in Yichang, Hubei province, China May 28, 2019. REUTERS/Stringer
Canada-headquartered Tantalex Lithium plans to raise funds to bring its assets in the Democratic Republic of Congo (DRC) into operation and continue exploration, CEO Eric Allard tells The Africa Report.
The company aims to raise $15m by early next year, which could be from an off-taker or strategic investor, Allard says. Tantalex is also working to secure bank loans and plans a small equity placement, he adds. Further fundraising would then be needed to build a mine at the largest project, Manono Tailings in south-east DRC, which contains lithium, tantalum and tin.
READ MORE DRC, Mali, Zimbabwe: The race to become a top lithium producer
Drilling continues at Manono Tailings, with a resource estimate due by mid-September and a final investment decision planned for 2023. Production could then start there by late 2024 or early 2025, which would coincide with a forecast peak in lithium demand, Allard says.
Lithium boom
Lithium is a key component in electric vehicle, wind turbine and solar panel batteries. Prices have surged this year as high oil prices accelerate global roll-outs of zero-emission transportation policies.
According to Susan Zou, a senior analyst at Rystad Energy, the battery-grade lithium carbonate price in the domestic Chinese market currently is up by around 832% from the start of last year. Rystad says that the lithium carbonate price in China has room to increase further in the third quarter.
- Allard says that global demand for lithium is likely to rise by about six times between now and 2030, driven by climate change and electric vehicle adoption.
- Tantalex is listed in Canada and Frankfurt. This month, the stock started trading on the OTCQB venture market in the US.
- Executives including Allard hold 14% of its shares, and Swiss metals trader AfriMet Resources is a core shareholder.
Colonial roots
Mining activity at Manono was started by Belgian colonialists in 1913. Poorly maintained Belgian residences can still be seen there, says Allard, who lived for five years in the Republic of Congo and a year in the DRC.
Parts of the road between Manono and Lubumbashi are difficult in the wet season, and some bridges need repairing, Allard says. He hopes to reach an agreement on paying for the repairs with the government, which is a minority partner in the project. It is “obviously in their interests” for the road to be fixed, he argues.
READ MORE Zimbabwe looks to lithium to power electric car revolution and its economy
The company has a smaller tin and tantalum project at Lubule, where it has invested $10m. Electronic components such as engine turbines and semiconductors contain tantalum, while tin is used in anti-corrosive plating and coating.
Allard is waiting for Tantalex’s exploration license to be converted into a mining permit. The process is “clearly procedural” and the permit is likely to be “days or weeks away,” he says.
- Starting production at Lubule would show investors that the company can operate in the region and generate positive cashflow to help fund more exploration, Allard says.
- The company’s Pegmatite corridor project also has great potential, Allard says. The lithium resource held by AVZ Minerals in the area is “the best lithium resource in the world,” he says.
- The Tantalex permit covers surface areas, where operating costs will be low, while AVZ has underground rights. The area has “high potential for further discoveries,” Allard concludes.
The bottom line
The world needs the DRC’s lithium resources if a mass shift to electric vehicles is to become reality.
*Speaking of a "Thirst for Batteries" and the fact the world needs DRC Lithium if a mass shift to electric vehicles is to become reality.
With more of the "Big Boys" getting into the EV Battery Bed together, as
Ford announces series of deals to accelerate EV push
On Thursday Ford announced a series of deals to accelerate its shift to electric vehicles, including sourcing battery capacity and raw materials from such companies as Chinese battery maker CATL and Australian mining giant Rio Tinto.It has also locked in lithium contracts through agreements with Rio Tinto, exploring a “significant” lithium off-take agreement from the mining company’s Rincon project in Argentina, Ford said.
That is part of a multi-metal agreement that leverages Rio Tinto’s aluminum business and includes a potential opportunity on copper.
Ford announced other battery material deals.
It signed a letter of intent with EcoPro BM and SK On to establish a cathode production plant in North America, an offtake agreement for ioneer Ltd to supply lithium carbonate from Nevada beyond 2025, an agreement with Compass Minerals for lithium hydroxide and lithium carbonate from Utah, and an agreement for Syrah Resources and SK On for natural graphite from Louisiana.
The drive to the 600,000 EV run rate by late 2023 includes 270,000 Mustang Mach-E crossovers, 150,000 F-150 Lightning pickups, 150,000 Transit vans and 30,000 units of a new SUV for Europe whose production will significantly increase in 2024.
BHP signs MOU for nickel supply with Ford
The world’s biggest miner, BHP has entered into a Memorandum of Understanding for nickel supply with Ford Motor Company.“Demand for nickel in batteries is estimated to grow four-fold over the next decade, in large part to support the world’s rising demand for electric vehicles,” Pant said.
“While what we produce is essential, never before has how we produce and manage our products through our supply chain been more important. Customers increasingly care about where products come from: their environmental and ethical footprints, as well as the efficiency and transparency of their supply chains.”
The announcement with Ford Motor Company follows the signing of supply and collaboration agreements with nickel product end-users including Tesla and PPES & Toyota Tsusho Corporation.
Rio Tinto, Ford to develop battery, low-carbon materials supply chain
Ford’s chief industrial platform officer Hau Thai-Tang said, “This is a powerful example of how Ford’s proven scale and industrial expertise can be leveraged to accelerate the shift to EVs.We’re applying years of shared knowledge and a strong relationship to support production of models customers already know and love – and potentially to help create a new generation of EVs for millions of customers.”
Rio Tinto chief commercial officer Alf Barrios added: “We are excited to work with Ford to support the transition to net zero by supplying a range of materials it needs for electric and lower-carbon vehicles, and advance our commitment to work with customers to decarbonize our value chains. Rio Tinto is uniquely positioned to work with companies like Ford to develop more sustainable, traceable and secure supply chains.”
Ford to buy lithium from ioneer for US EV battery plant
Ford Motor Co said on Thursday it will buy lithium from ioneer Ltd’s Rhyolite Ridge mining project in Nevada and use the metal to build electric vehicle batteries in the United States.The deal is one of the first binding agreements between a US lithium company and US automaker amid rising pressure from Washington to domestically source metals for the green energy transition and curb reliance on China.
Ford to buy cheaper CATL EV batteries to catch Tesla
Ford Motor Co on Thursday said it will import lower-cost lithium iron batteries for its North American electric pickup trucks and SUVs from Chinese battery champion CATL, as it works on a broader alliance with CATL and an array of separate deals to secure battery and battery materials into the next decade.Ford Vice President Lisa Drake said the automaker plans to secure lithium-iron, or LFP, batteries from a new 40 GWh factory in North America starting in 2026. Drake would not say if that factory would be built by CATL. Reuters reported in May that CATL was looking at US sites to build EV batteries to serve Ford and BMW.
Ford’s decision to use lithium-iron batteries in its best-selling North American EVs is the latest sign that lithium iron’s lower cost – Ford said the chemistry can cut material costs by 10-15% – is worth the trade-off in range.
Tesla is offering LFP batteries in some lower-priced Model 3 sedans sold in the United States. Electric truck and van maker Rivian also has said it intends to use LFP batteries.
Drake said Ford wants to secure more batteries and battery materials from North America, but cautioned: “I wouldn’t say that we have 100% confidence that all of these can be localized…It’s hard work.”
Ford said it also has agreed with CATL to explore using the Chinese company’s batteries in Ford vehicles sold in the United States, Europe and China.
CATL said in a statement “the two companies plan to leverage their respective strengths to jointly explore new business opportunities worldwide,” involving lithium-iron and other battery technologies.
Ford is aiming to expand its annual EV production rate to 600,000 vehicles globally by late 2023, and more than 2 million by the end of 2026.
It expects the compound annual growth rate for EVs to top 90% through 2026, more than doubling the forecast industry growth rate.
www.mining.com/category/battery-metals/
Rivian stock rises as Amazon starts using EV maker’s electric delivery vans
Amazon’s rollout of EV delivery vans is ‘just the beginning’
Shares of Rivian Automotive Inc. rose more than 3% Thursday as Amazon.com Inc. started rolling out the first of the electric-vehicle maker’s custom-made last-mile delivery vans in several U.S. cities, including Baltimore and Chicago, saying that more will come by the end of the year.Amazon said the rollout is “just the beginning” of what it expects to be thousands of Amazon’s custom electric delivery vehicles in more than 100 cities by the end of this year, and 100,000 across the U.S. by 2030, it said.
www.marketwatch.com
On September 15, according to foreign media sources, CATL secretly invested 377 million Canadian dollars to participate in the Millennial bid.
At present, Chinese companies' bidding war for Millennial is still heating up.
As early as September 2020, CATL had invested 8.58 million Canadian dollars in a stake in Canadian mining giant Neo Lithium at a price of 0.84 Canadian dollars per common share.
As the world's largest manufacturer of lithium batteries, CATL needs to ensure a stable supply of its upstream raw materials through a large amount of domestic and overseas mineral investment.
"Lithium resources are no less important than petroleum and other strategic resources. Once a bottleneck occurs in exploitation, it may become the fuse of war just like petroleum."
In 2019, the 97-year-old "Father of Lithium Battery" Gudinaf made the above remarks when he won the Nobel Prize in Chemistry.
Today, two years later, the trajectories of his predictions and reality are gradually beginning to overlap.
Plenty of Food for thought on the Road to Mining Manono
GLTA-AVZH's
Frank
I thought it was in AVZ's hands.
From what nigel has said in the past, it's all ready to go pending ML. So i don't see why it can't come out same time as ML announcement if they wanted to.
Mr Inappropriate
Regular
Hi All
Just looked up Joseph Kabila net worth.............over $2 billion dollars in offshore accounts from 2001 - 2019 as president of the DRC.
Presidential salary is roughly $150 / 160, 000 a year...................thats what Felix is currently on , so my guess it was less than that in previous years, especially around 2001 and the early years there after.
So 19yrs of presendential service for Kabila ................19 x $150,000 ( lets be generous )= around $2.8m.
So how the fuck is he worth $2b ?..............
DRC minerals value is around $24 trillion.
DRC is the second poorest country in the world.
The average earn for the common folk is less than $2 a day.
In western worlds, if a criminal / or anyone is found to be in posession of exhorbitant amounts of unexplained money, they confiscate it / and imprisonment.
China coys and Kabila need to be probed big time, need to be punished big time, like this mother fucker
en.wikipedia.org
Its a disgrace whats going on in the DRC, its a disgrace with whats going on with AVZ.
When will the DRC folk wise up ?
I am looking forward to future posts whereby AVZ get what they thoroughly deserve from this extended suspension, i am looking forward to discussing the updated BFS, SEZ, FID, construction processes, battery hub development, production, dividends and a better future for the poor suffering locals.
I am thoroughly sick of discussing corruption........it makes me vomit brown paper bags full of snacks
In Felix we trust, in Nigel we trust, in justice we hope.
imo
Just looked up Joseph Kabila net worth.............over $2 billion dollars in offshore accounts from 2001 - 2019 as president of the DRC.
Presidential salary is roughly $150 / 160, 000 a year...................thats what Felix is currently on , so my guess it was less than that in previous years, especially around 2001 and the early years there after.
So 19yrs of presendential service for Kabila ................19 x $150,000 ( lets be generous )= around $2.8m.
So how the fuck is he worth $2b ?..............
DRC minerals value is around $24 trillion.
DRC is the second poorest country in the world.
The average earn for the common folk is less than $2 a day.
In western worlds, if a criminal / or anyone is found to be in posession of exhorbitant amounts of unexplained money, they confiscate it / and imprisonment.
China coys and Kabila need to be probed big time, need to be punished big time, like this mother fucker
Vital Kamerhe - Wikipedia
Its a disgrace whats going on in the DRC, its a disgrace with whats going on with AVZ.
When will the DRC folk wise up ?
I am looking forward to future posts whereby AVZ get what they thoroughly deserve from this extended suspension, i am looking forward to discussing the updated BFS, SEZ, FID, construction processes, battery hub development, production, dividends and a better future for the poor suffering locals.
I am thoroughly sick of discussing corruption........it makes me vomit brown paper bags full of snacks
In Felix we trust, in Nigel we trust, in justice we hope.
imo
Winenut
Go AVZ!
good one Beish...spot onHi All
Just looked up Joseph Kabila net worth.............over $2 billion dollars in offshore accounts from 2001 - 2019 as president of the DRC.
View attachment 12260
Presidential salary is roughly $150 / 160, 000 a year...................thats what Felix is currently on , so my guess it was less than that in previous years, especially around 2001 and the early years there after.
So 19yrs of presendential service for Kabila ................19 x $150,000 ( lets be generous )= around $2.8m.
So how the fuck is he worth $2b ?..............
DRC minerals value is around $24 trillion.
DRC is the second poorest country in the world.
The average earn for the common folk is less than $2 a day.
In western worlds, if a criminal / or anyone is found to be in posession of exhorbitant amounts of unexplained money, they confiscate it / and imprisonment.
China coys and Kabila need to be probed big time, need to be punished big time, like this mother fucker
Vital Kamerhe - Wikipedia
Its a disgrace whats going on in the DRC, its a disgrace with whats going on with AVZ.
When will the DRC folk wise up ?
I am looking forward to future posts whereby AVZ get what they thoroughly deserve from this extended suspension, i am looking forward to discussing the updated BFS, SEZ, FID, construction processes, battery hub development, production, dividends and a better future for the poor suffering locals.
I am thoroughly sick of discussing corruption........it makes me vomit brown paper bags full of snacks
In Felix we trust, in Nigel we trust, in justice we hope.
View attachment 12258
View attachment 12259
imo
Samus
Top 20
and that coming from Mr Inappropriate... Imagine the rest of us
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