AVZ Discussion 2022

[CashKing]

*I can't find much, if any in the way of Positive articles out there after that meeting, just more BS being thrown at AVZ atm

Dossier Cominière and AVZ minerals: forgotten social projects

In January 2017, La Cominière and AVZ signed an agreement.

The share capital of Dathcom S.A was as follows: La Cominière 25%, AVZ Minerals 65%, and Dathcom 10%.

La Cominière then ceded 5% to AVZ to remain with 25%.

In the process, AVZ, a company listed on the Melbourne Stock Exchange, raised the funds in Australia.

However, voices are being raised to denounce the vagueness of the amount of funds raised and their allocation.

This is to say that everything would have happened without the knowledge of the Cominière.

In the meantime, complaints from the populations are pouring out to denounce the non-respect of the clauses signed between Cominière with the company Dathcom Mining S.A. Construction of roads, a hydroelectric dam and a residential camp, nothing is visible.

Within the framework of the exploitation of minerals, specifically lithium in Manono, in Tanganyika, the local population raises the tone to denounce the non-respect of the clauses, in particular on the contract between the company AVZ Minerals and the company Dathcom Mining S.A. , created by two shareholders, namely Cominière and Dathomir. Each holding, respectively, 30 and 70% of the shares.

From this contract that has linked the Australian firm AVZ to the Congolese state for 5 years, local civil society denounces the neglect of social projects intended to benefit communities.

Basically, we note that it is the non-compliance with this contract that led the Cominière into the situation of cessation of operation.

Projects in oblivion!

As a reminder, it was a question of building roads, a hydroelectric dam and a residential camp.

Already, in the construction project of the camp, denunciations of overcharging have been made, with the cost presented at 2 million dollars.

And on the government side, Cominière wants to ensure that the requirement, moreover, included in the contract, which provides that the AVZ partner submits the feasibility studies to Cominière for its favorable opinion, is respected.

This has never been done to this day, not to mention the complication which is amplified by the fact that today, AVZ continues to hold board meetings to which La Cominière is not invited.

In the field, five years later, the project remained in a research phase to the detriment of local populations who hoped so much to benefit from mining.

In the process, La Cominière was contacted by the Chinese company Zijin, which was eyeing a project called Manono-Kitotolo.

Thanks to a world-class lithium deposit, Cominière was counting on the project, but compliance with the clauses by the shareholders posed a problem and AVZ would have preferred to obstruct this project with opacity in fundraising operations.

Dispute of the Cominière

La Cominière also expressed its indignation about the subcontracting contracts of 500,000 USD which were signed without the approval of the partners.

In the understanding of La Cominière, who castigates this attitude, once the feasibility study is ready, it should give its favorable opinion for formalities in the mining cadastre with a view to transforming PR 13359 into a PE and to add, the feasibility study sent to Cominière contains an assertion that makes it inadmissible.

In this study, AVZ claims to have recovered the hydroelectric power station of Mpiana Mwanga, whereas it is a heritage of the Congolese State via the Cominière.

According to the results of the investigation, AVZ has signed a memorandum of understanding with the Ministry of Energy for the rehabilitation of this plant by skipping the owner who is Cominière.

In this confusion, accusations are crossed when the Cominière evokes cheating which exposes AVZ to prosecution.

And the latter, in turn, accuses the Cominière of violating the agreements and the statutes of the company.

In this confusion, it is the local population who are really left behind.

02.08.2022

www.mediacongo


View attachment 13155

View attachment 13156

Food for thought on the Road to Manono

These pricks are trying anything they can, We don’t seem so land locked & never to be mined now do we

Seems like they want in big time now all the early work proving the resource up is done.

FFS if Nigel hasn’t taken up binge drinking by now I’ll be amazed…

These pricks must be doing he’s head in.

If only he could say something but then if he did he would be just as bad as a dirty troll or Z I guess…

Gltah

 

[Deleted member 2428]

Ghana, Botswana, Qatar, Poland and Tanzania: Tshisekedi appoints new ambassadors!

The President of the Democratic Republic of Congo, Félix Tshisekedi, has appointed new ambassadors notably to Ghana, Qatar, Botswana, Poland and Tanzania.

The announcement was made this weekend on the antennas of the Congolese national radio television.

Below, all of the presidential orders appointing ambassadors:

Is appointed Ambassador Extraordinary and Plenipotentiary of the DRC to the Republic of Ghana, Mrs. Jaynet Djuma Nyakeru;

Is appointed Extraordinary and Plenipotentiary Ambassador of the DRC to the Republic of Poland, Mrs. Clémentine Shakembo;

Is appointed Extraordinary and Plenipotentiary Ambassador of the DRC to the State of Qatar, Ms. Valérie Lusamba Kabeya;

Is appointed Extraordinary and Plenipotentiary Ambassador of the DRC to the Republic of Botswana, Ms Emilie Ayaza Msuhobekwa;

Is appointed Extraordinary and Plenipotentiary Ambassador of the DRC to the United Republic of Tanzania, Mr. Jean-Pierre Masala.

www.mediacongo.net

* Fyi, For anyone who missed 4 Corners tonight, ( Very Interesting / Well worth a look imo ) on how things are playing out re:- China Buying the Solomon Islands and how close to home and the fact the DRC / AVZ finds itself in a similar situation atm, especially the eye opening / disturbing interview with Peter Lewis and his experience when it came to how China operate when it comes to wanting something you have from @38Min mark


View attachment 13055



View attachment 13056

Food for thought on the Road to Mining Manono

Frank

Fuck me, just watched it the 4 corners report on ABC about Solomon Islands - deja vu

Déjà vu (/ˌdeɪʒɑː ˈv(j)uː/ ( listen)[1][2] DAY-zhah-VOO, -⁠VEW, French: [deʒa vy] ( listen); "already seen") is a French loanword expressing the feeling that one has lived through the present situation before
We are maybe fucked

 

[Thunderpony]

CATL management shuffle.
Thoughts?

 

[pow4ade]

Fuck me, just watched it the 4 corners report on ABC about Solomon Islands - deja vu

Déjà vu (/ˌdeɪʒɑː ˈv(j)uː/ ( listen)[1][2] DAY-zhah-VOO, -⁠VEW, French: [deʒa vy] ( listen); "already seen") is a French loanword expressing the feeling that one has lived through the present situation before
We are maybe fucked

Similar story for Brisbane co Axiom Mining who were sitting on a decent nickel reserve in the Solomons. Until, that is, the govt switched support from Taiwan to Bejing:

https://smallcaps.com.au/axiom-mini...-passport-demands-solomon-islands-government/

 

[Frank]

"In this confusion, it is the local population who are really left behind." This is the BS narrative these corrupt desperate pricks are pushing .

*Ditto, The Irony being the "Corrupt Desperate Pricks" are the cause of the Local Population / People of the DRC being Left Behind / Screwed Over by their own with the help of you know who ffs

 

[Frank]

What solutions to fight corruption?

The prevention and fight against corruption agency (APLC) set up, on July 26, a Task Force for an inclusive strategy for the fight against corruption.

The purpose of it will be: promoting institutional and operational collaboration between service and public organizations working in the fight against corruption, the embezzlement of public funds, money laundering and the financing of terrorism.

However, despite several anti-corruption structures in the DRC, corruption continues to gangrener the country.

To reduce the corruption rate, mechanisms must be put in place.

For Patrick Ilanga, magistrate at the Lubumbashi prosecutor's office and president of the anti-corruption network in Haut-Katanga, we must tackle the roots.

"First of all, a sincere will of the government. Then, to conceive of the actions that directly attack the known causes," he said.

In number of causes, he notes "the personality crisis, the weakness of justice, impunity, clientelism and tribalism".

Patrick Ilanga also thinks that it is necessary to improve "the working and remuneration conditions of state agents. We will also have to promote the integrity and morality of agents.

In addition to that, working with people who show integrity. To finally create a synergy between the services concerned and the population ”.

Maitre HUBERT TSHISWAKA Coordinator of the Institute of Research for Human Rights (IRDH) insists on the actions to be carried out.

"There is a great education in the population so that they are sufficiently awake. Not only by information, but also that it is trained to set up indicators of monitoring and evaluation of public actions and services. At this level, there are a lot of flaws ”.

This human rights activist considers that as long as there is not an intellectual revolution, the problem will not be solved.

”This same Task Force will also be corrupted and citizens are still undergoing ”.

To achieve this revolution, training is necessary.

”Reference documents and citizen training will have to be produced and this, from generation to generation since the degree of corruption is high.

Thus, it requires that we work there for several years. This will have to be done in favor of civil society organizations, political parties and journalists. ”

Corruption in the DRC an endemic

Maitre Tshiswaka thinks that corruption is deeply becoming a persistent disease.

”It has become rather endemic as a cancer. He destroys and kills. You only have to see, for example, how corrupt police officers are rendering us bad services. They who are supposed to be custody, they are the ones who attack the population because they are poorly paid. ”

And to add: "There is no citizen control. This is why anyone who would find themselves in these conditions, would be easily enriched and above all that the population applauds those who enrich themselves with fraud and corruption ”.

Patrick Ilanga remains confident. ”I don’t think corruption has become a standard in the DRC”.

The Congolese do not like corruption, I am convinced of it.

A sincere program, which directly attacks the causes, applied by honest people, fulfilled with personality and trust, put in the right working conditions, security, and well remunerate these people, will reduce corruption ”, He confident.

www.mediacongo

 

[tonster66]

Judge Anne Marie, and dismissed by the Kabila regime for 13 years for having refused to carry out the orders of the Kabila power on the trials of convenience. The judge has just been rehabilitated by the President of the Republic Félix Tshisekedi, thus the joy of her family.

Have a guess what judge the corrupt politicians and bureaucrats are going to have to face. Answer: One that cant be bought. Correct

 

[Dazmac66]

Comminiere getting smashed on twitter last night. Not sure how to us twitter so can't post links. Surely this country is not stupid enough to be fooled by these unscrupulous pricks.

 

[Mr Inappropriate]

Comminiere getting smahed on twitter last night. Not sure how to us twitter so can't post links. Surely this country is not stupid enough to be fooled by these unscrupulous pricks.

My fear is that they can be fooled / bought. Anxiety levels are increasing daily…

 

[Winenut]

While we are waiting for this charade to play out can anybody elaborate on the following.
At the last investors presentation in Perth Nigel explained to us that once the decree was issued by the MoM they had basically 30 days to issue the licence.If not issued in that time AVZ could commence proceedings via courts and licence HAD to be issued.
Obviously this was not his preferred course of action,but is it realistic or was he just blowing hot air?

My understanding is the minister had 30 days to award the license or after that period the licence CAN be issued by the cournt

Thta's not "will" be.....it's "can" be

Well that's my simple understanding of it

 

[Dazmac66]

Have a guess what judge the corrupt politicians and bureaucrats are going to have to face. Answer: One that cant be bought. Correct

Anne Marie for President!!

 

[EarleofBarrow]

My understanding is the minister had 30 days to award the license or after that period the licence CAN be issued by the cournt

Thta's not "will" be.....it's "can" be

Well that's my simple understanding of it

Thanks Winenut.
In Nigel we trust then
He must be thinking this is going to be resolved without the need for a court application, or worse still doesn't think an application would succeed.
In any event hopefully we get some resolution in 14 days and we can get on with the process to construction.

 

[CHB]

Can you imagine the shit slinging that would ensue if we had to get a court ruling?

It's best to rip the bandaid off and tackle all the issues so that it can be undisputed going forward and under different presidents.

 

[Dazmac66]

Can you imagine the shit slinging that would ensue if we had to get a court ruling?

It's best to rip the bandaid off and tackle all the issues so that it can be undisputed going forward and under different presidents.

Really! A court ruling should take about five minutes.10 boxes of indisputable evidence on one side and a 12 piece variety pack of Smith's crisps on the other.

 

[Winenut]

Really! A court ruling should take about five minutes.10 boxes of indisputable evidence on one side and a 12 piece variety pack of Smith's crisps on the other.

and some Mars bars...

 

[mouseflying]

https://inf.news/en/economy/196eeac86d551c339963d5c50c2ce045.html

"At present, the identity of Zijin Mining in the project is still uncertain. But in addition to this project, Zijin Mining also signed a cooperation plan with Cominiere to develop the mining rights PE12453 and PE13427 outside the Manono lithium mine, and obtained two greenfield exploration and mining rights projects outside the Manono project."

"On the whole, AVZ has obtained the mining license of the Manono lithium-tin mine project this time, and Tianhua Times will obtain a 24% stake in the project. As a major shareholder of AVZ and a project participant, it can be described as a "win-win". He Ningde era will benefit, Huayou Cobalt's investment will also be rewarded, and Zijin Mining has a high probability of obtaining a 15% interest in the Manono lithium-tin mine project, which will also benefit."

 

[TheCount]

https://inf.news/en/economy/196eeac86d551c339963d5c50c2ce045.html

"At present, the identity of Zijin Mining in the project is still uncertain. But in addition to this project, Zijin Mining also signed a cooperation plan with Cominiere to develop the mining rights PE12453 and PE13427 outside the Manono lithium mine, and obtained two greenfield exploration and mining rights projects outside the Manono project."

"On the whole, AVZ has obtained the mining license of the Manono lithium-tin mine project this time, and Tianhua Times will obtain a 24% stake in the project. As a major shareholder of AVZ and a project participant, it can be described as a "win-win". He Ningde era will benefit, Huayou Cobalt's investment will also be rewarded, and Zijin Mining has a high probability of obtaining a 15% interest in the Manono lithium-tin mine project, which will also benefit."

All from another questionable tabloid rag..

Yawn - is it lunchtime yet?

TC.

 

[thorgin]

https://inf.news/en/economy/196eeac86d551c339963d5c50c2ce045.html

"At present, the identity of Zijin Mining in the project is still uncertain. But in addition to this project, Zijin Mining also signed a cooperation plan with Cominiere to develop the mining rights PE12453 and PE13427 outside the Manono lithium mine, and obtained two greenfield exploration and mining rights projects outside the Manono project."

"On the whole, AVZ has obtained the mining license of the Manono lithium-tin mine project this time, and Tianhua Times will obtain a 24% stake in the project. As a major shareholder of AVZ and a project participant, it can be described as a "win-win". He Ningde era will benefit, Huayou Cobalt's investment will also be rewarded, and Zijin Mining has a high probability of obtaining a 15% interest in the Manono lithium-tin mine project, which will also benefit."

 

[Remark]

All from another questionable tabloid rag..

Yawn - is it lunchtime yet?

TC.

Yep, another crock of Chinese shit.

 

[John25]