AVZ Discussion 2022

[Frank]

*Fyi, Gotta love the new Sheriff in Town, as

Jules Alingete puts Gécamines and SNCC in agreement for a financial patrol and prolonged concomitant control

The Inspectorate General of Finance (IGF) does not want to backtrack on its determination to put an end to the predation that has long characterized companies in the state portfolio.

In this sense, the IGF head of service, Jules Alingete, and Victor Batubenga, his deputy, both made the trip to Gécamines and the National Railway Company of Congo (SNCC) in the city of Lubumbashi on instructions from the Head of State.

This trip, points out the communication unit of the IGF, was to explain to the trade unionists of Gécamine and the SNCC as well as the public representatives of these companies in the portfolio of the State "the deep motivations of the concomitant control called the financial patrol implementation and its objectives".

Invited to speak in the room of Gécamines filled like an egg, Jules Alingete explained that the activation of the concomitant control, the financial patrol, follows the ineffectiveness of the control of Management, a posteriori, to put an end to the predation to which public management was subject.

"The financial patrol, provided for by the laws of the Republic, is in no way co-management, but rather a daily control of management acts," he said.

This patrol, he added, is primarily aimed at prioritizing the programming and payment of social benefits due to staff to meet the wishes of the President of the Republic, "the people first".

Then, the monitoring of the benefits due to Public Agents who must respect the legal texts and also the taxation of all suppliers and service providers who do business with public entities.

Finally, the promotion of tax culture by all government enterprises and their business partners.

At the end of the meeting, the trade unionists and representatives praised the merits of the financial patrol.

They believe that all public managers must internalize the implementation of good governance, a vision dear to the Head of State with the support of the IGF, this will thus allow the mobilization of revenue and the country will achieve a substantial budget.

Food for thought on the long and winding Dirty, Dusty, Dangerous Road to Mining Manono

GLTAH's

Frank

 

[Frank]

Strategically Dar es Salaam port would be more time and cost effective for CATL instead of going through Lobito?

*To Remind, Toot Toot - Tanzania here we come, as

Bilateral cooperation DRC - Tanzania: Felix Tshisekedi expected in Dar-Es-Salam

President Félix Tshisekedi is expected in the coming days in Tanzania, according to a press release from the Presidency of the Republic published this Friday, August 19.

Indeed, at the end of the 42nd Sadc summit held from August 17 to 18 in Kinshasa, Tanzania expressed its intention to strengthen bilateral cooperation in several areas with the Democratic Republic of Congo.

Present at these meetings, the President of the United Republic of Tanzania, Samia Suluhu Hassan, extended her stay in Kinshasa for an official visit to her counterpart Félix Antoine Tshisekedi Tshilombo.

Received at the City of the African Union in a face-to-face meeting of nearly four hours, President Suluhu Hassan revealed the areas in which the two countries would like to collaborate closely.

These are the areas of trade, investment, infrastructure, finance, energy, education, defence, security and immigration.

According to the joint communiqué which sanctioned their meeting, "the two Heads of State stressed the importance of infrastructure development projects and the need to increase cooperation in the construction of road and rail infrastructure in order to further facilitate trade. between the two countries."

In this regard, the two Heads of State welcomed the progress of the road project from Dar-Es-Salam to Mwanza and Kigoma,
which will connect the DRC and Burundi through Musongati, Bujumbura, Uvira and up to Kindu, they said.

In the financial field, Tshisekedi and his counterpart from Tanzania noted with satisfaction the imminent opening of the Tanzanian Bank CRDB in Lubumbashi and Kinshasa.

Experts from both countries are working hard on the agreements which will be signed soon in Tanzania in the presence of the two Heads of State.

In the meantime, the third meeting of the Permanent Mixed Commission is convened in mid-September to discuss the effective implementation of the agreed areas of cooperation.

 

[Frank]

*Fyi, fwiw, I see where,

Thanks to cobalt and the support of the IMF: record growth in the DRC

Growth in the DRC has rebounded sharply, from 1.7% in 2020 to an estimated rate of 6.2% in 2021, well above the 4.5% rate recorded in sub-Saharan Africa according to an annual assessment conducted by the staff of the International Monetary Fund (IMF).

This strong recovery is attributed to the results of the country's mining and services sectors.

Under an IMF-supported program, the authorities adopted measures that helped moderate inflation and stabilize the exchange rate, while commodity prices supported higher exports, international earnings and reserves.

The war in Ukraine has led to higher inflation and exacerbated food insecurity risks, but the outlook remains favorable thanks to high commodity prices.

However, after decades of war, poor governance and underinvestment, the country faces high poverty rates, very limited access to essential services and one of the largest infrastructure deficits in the world.

Reforms are needed to diversify and improve the resilience of the economy, and to promote stronger and more inclusive growth.

Measures to simplify the tax system, broaden the tax base and strengthen tax administration, along with other interventions to improve public financial management, such as the establishment of a single account of the Treasury and the phasing out of untargeted fuel subsidies, are also necessary

Continued efforts to improve governance and the business climate would support private sector development and economic diversification.

The DRC's vast and varied mineral resources, rainforests and peatlands are critical to the global energy transition.

With the right policy frameworks and better governance, they can accelerate growth and improve the standard of living of its people.

Very recently, the Congolese government put up for sale 27 oil blocks and 3 gas blocks so that in the long term, with responsible exploitation, the DRC can multiply by 10 its current revenues and continue the development and construction of new infrastructures, in order to to open up and connect the provinces, a guarantee of the integral development of this vast country in the heart of Africa.

50% of world reserves in the DRC

Globally, the cobalt reserve is 7188 kilotonnes (kt), of which the DRC owns 50%, followed by Australia and Cuba at 20% and 7.0%.

Other major countries with cobalt reserves are Canada, Russia and the Philippines, with a total of around 10%.

The remaining 10% reserve is scattered around the world.

So far, the copper reserve is the highest among the critical minerals, at 871 million tons.

Chile shares the most reserves with 23%, followed by Peru with 10%, Australia with 10%, Russia with 7%, Mexico with 6% and the United States with 5.5%.

Other major countries with copper reserves are Poland, China, Zambia, DRC and Kazakhstan, accounting for 11.4%.

The remaining 23% are scattered around the world.

The total nickel reserve is estimated at 93,900 kt, with a maximum share of Indonesia and Australia at 22% each, followed by Brazil, Russia, Cuba, the Philippines and China, accounting for 17%. , 7.3%, 5.9%, 5.1% and 3% respectively.

The remaining 15% of copper is scattered around the world.

The rear earth reserve (RER) is estimated at 115.80 kt, with a maximum reserve of 38% in China, followed by Vietnam with 19%, Brazil with 18% and Russia with 10%.

Other major countries with a reserve of RERs are Australia, Greenland, the United States, South Africa and Canada, with a total share of only 5.0.

*Don't forget the 400+ million tonnes 1.65% Li2O, 715ppm Sn, 34ppm Ta is world-class in scale and grade

*Where do ya get it

*Food for thought, No pressure Felix

 

[Bin59]

Fourth minister from the top of the screen is our Favourite Princess the Minister of Portfolio.
I thought she was booted out, however in this Video she is happy and alive taking part of this Ministerial meeting on the 19th of August.

DW, just saw emil_jens post- V is for Visitor

 

[BEISHA]

*Fyi, To Remind Red,

Ignorance of the IGF report or complicit silence from the government?

Illegal transfers of undervalued shares in DATHCOM Mining for the benefit of the Chinese and mismanagement of income

According to this two-page correspondence, signed by MM MUHIYA LUMBU Nicolas (Inspector General of Finance Head of Brigade of Revenue and Tax Services) and ALINGETE KEY Jules (Inspector General of Finance - Head of Service), it is written this on page 2 “The mission made three main observations, namely:

The violation, by the partners of COMINIERE SA, of the contractual provisions prohibiting them from selling their shares before the date of commercial production without giving rise to any reaction on your part; The choice of consultants FOCUS PLAIDOIRIE, Alpha BUSINESS COMPANY and Association of Mining and Quarrying Agents, over the counter in violation of public procurement legislation;

The transfer of Exploration Permits without payment of the transfer price to COMINIERE when the transfer contract provides for it;

Illegal assignments of Mining Titles by Assignees to the detriment of COMINIERE SA…”.

The feasibility study that the IGF talks about is the one made by AVZ and presented by DATHCOM Mining to the government in accordance with the mining legislation of the Democratic Republic of Congo, our consortium has read a copy of the summary.

The criminal liability of the manager, according to the IGF The transfer of 15% of the shares of COMINIERE to ZIJIN Mining Ldt (a Chinese group shareholder of Gécamines in COMMUS and of IVANHOE in Kamoa Copper in Lualaba) was made with authorization "by the two owners (Congolese State and CNSS)" , according to letter Ref: CEM/DG/074/amm/2021 of 09/17/2021 signed by Athanase MWAMBA MISAO, Acting Managing Director of COMINIERE SA, addressed "To Mr. Christian LUKUSA, legal counsel for AVZ Minerals, of whom we saw a copy. And in his letter Ref: CEM/DG/073/amm/2021 of 09/17/2021 signed by Athanase MWAMBA MISAO, addressed "To Mr. NIGEL FERGUSON.

The Ministry of Portfolio appears to be the great accomplice of the current poor health of this State mining company for several reasons, including the non-renewal of representatives and the poor health of this company under its supervision, while the Ministry of Justice seems to have ignored the clear recommendations of the recent audit of the General Inspectorate of Finance as well as the decisions of its own services in addition to the judgments of the courts and tribunals of Lubumbashi against certain partners.

Justice to these serious revelations of the General Inspectorate of Finance (IGF) having established the criminal responsibility of the general manager of COMINIERE on the illegal and irregular transfer of shares, their undervaluation, the misuse of income as well as the sale money not traced by the financial watchdog of the Presidency in the accounts of this State Portfolio company since the beginning of April 2022?

When will the appointment of new patriotic and conscientious agents at the head of public mining companies such as COMINIERE and SOKIMO under the management of temporary workers for several years, at SODIMICO, ENTREPRISE MINIERE KISENGE MANGANESE, SAKIMA as well as MIBA which do not seem to interest the leaders of the country?

The rule of law that the President of the Republic, Félix Tshisekedi wants and the efficient management of the people's mineral resources also depend on it.

The colleagues of the Kinshasa newspaper "Le Soft International" had already launched the alert on the scandal committed by COMINIERE in its edition N ° 1550 of April 11, 2022 without any institution of the Republic reacting, we repeat it and will continue to do so. to do by way of our support for the fight of the Head of State against the predators of public goods, a pillar of his vision of natural resources which must benefit the people first and not a few individuals whoever they are.

Lithium de Manono : Jules Alingete charge le DG a.i. de la COMINIERE pour bradage et mauvaise gestion - L'Info qui fait écho

Depuis quelques mois, le consortium « LA RDC ET SON PEUPLE D’ABORD », constitué d’organisations non gouvernementales et médias membres de la coalition « TOUS POUR LA RDC »,…

econewsrdc.com

View attachment 14517

Thats the best post of the week Frank !!

The humour posts a close second, .............

I sense that the winds of change are in AVZ favour...........

Cmon Felix...............drop the bomb brother !!

 

[BEISHA]

Thats the best post of the week Frank !!

The humour posts a close second, .............

I sense that the winds of change are in AVZ favour...........

View attachment 14597

Cmon Felix...............drop the bomb brother !!

View attachment 14598

Errrrrr................I just noticed the Fox post..................

Sorry Frank...............but your post may have to be relegated to second...........

 

[BEISHA]

Re our transport solutions which state:

“A due diligence study for the transport route options was conducted by the Australian based railway consultancy Infraology Pty Ltd (Infraology).

Four potential concentrate product transport routes were identified during the study. The Feasibility Study concluded to use two of these transport routes from Manono.
The first is to Dar es Salaam in Tanzania through Zambia, using the Tanzania and Zambia Railway Authority (TAZARA) rail. The TAZARA rail is equally owned by the United Republic of Tanzania and the Republic of Zambia. The TAZARA railway will require upgrade and maintenance to reduce the frequency of derailments. The route includes 340 km of unsealed road to the DRC State owned SNCC rail allocated at Kabondo Dianda. From Kabondo Dianda there is 772 km of rail to Ndola (in Zambia) and then 165 km of rail to Kapiri Mposhi on the Zambian Railways Limited (ZRL) rail which is wholly owned by the Republic of Zambia. From Kapiri Mposhi to Dar es Salaam is 1,860 km on the TAZARA rail. The route has two border crossings between the DRC, Zambia, and Tanzania. Figure 5 shows the proposed transport route in red.”

View attachment 14569


The good news is in a recent article (9 August 2022) we see that the TAZARA Railway will get the needed upgrade:

Tanzania and Zambia agree to upgrade Tazara railway

Tanzania and Zambia have agreed to upgrade the Tazara railway that connects the two countries as part of measures to improve bilateral ties.

www.railjournal.com

August 9, 2022
Written by Simon Artymiuk

Tanzania's president says the Tazara railway in its current 1067mm gauge form is not delivering what is expected of it, hence the plan reached with Zambia to upgrade it to standard gauge.
Photo Credit: Richard Stupart/Wikipedia Commons
TANZANIA and Zambia have agreed to upgrade the Tazara railway that connects the two countries as part of measures to improve bilateral ties.
The 1160km cross-border railway linking Kapiri-Mposhi in Zambia with the port of Dar es Salaam in Tanzania will now be upgraded to standard gauge through a partnership with the private sector and development partners.
Tanzania’s president, Ms Samia Suluhu Hassan, says the 1067mm gauge, single-track Tazara line does not deliver what is expected of it and an upgrade is needed to open up new business opportunities along the route.
“In today’s world, railway is standard gauge,” says Hassan. “So through a Public-Private Partnership (PPP) we have agreed to come up with a project to improve the Tazara railway to that level.”
Tanzania is also constructing a 1219km standard-gauge line from Dar es Salaam to the city of Mwanza on the southern shores of Lake Victoria.
Known as the Tanzania Standard Gauge Railway, the system is being designed to link Tanzania with Rwanda and Uganda, and continuing to Burundi and the Democratic Republic of Congo. The work is included in the East African Railway Master Plan aimed at rejuvenating the region’s railways and increasing efficiency and speed while lowering transport of freight costs and furthering economic development. The railway will use electric power and transport of goods to Uganda from Mwanza will be by lake ferries.
As of April 2022, the 300km Phase 1 from Dar es Salaam to Morogoro had been completed while work on the 426km Phase 2 Morogoro – Makutopora, 294km Phase 3 Lot 1 Makutupora – Tabora, and 341km Phase 5 Isaka - Mwanza sections was in progress. Phase 5 is being built by China Civil Engineering Construction (CCEC) and China Railway Construction Company (CRCC).
In July 2022 Tanzania Railway Corporation (TRC) signed a $US 900.1m contract with Yapi Merkezi for the construction of the 130km Phase 3 Lot 2 Tabora – Isaka section, along with its 35km of branches, the same company having previously won a $US 1.9bn contract for Phase 3 Lot 1.
TRC has also signed a contract with Korean national operator Korail to provide training In rail construction and operations following the line’s opening.
The first locomotives being used for testing of the electrified Phase 1 of the Tanzania SGR are former class 1014 locomotives purchased from Austrian Federal Railways (ÖBB).
Africa, Freight, Infrastructure, Main line, Passenger, Policy, Track
Tags: Electrification, SGR, Standard gauge, Tanzania, Tazara, Zambia

You are on fire BIN too.........

Thanks for all your sharing, discussing transport, discussing construction ( the phases ), discussing updated DFS, discussing SEZ, discussing FID , discussing production figures, future dividends is all i want to do once this " shit show " ultimately concludes..........

Thats what investing is all about, not knifing ones back for snacks...........

 

[hedrox]

 

[hedrox]

View attachment 14600

Zijin is capitulating...I guess no arbitration

 

[Mr Inappropriate]

Zijin is capitulating...I guess no arbitration

Jeez, aren’t Zinjin good corporate citizens? You could just about give them a cuddle, hey?

If AVZ gets what they are entitled to, justice for Z can wait. Let’s get this show on the road.

 

[hedrox]

 

[TDITD]

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Lol giving back, the clowns never had it. Good work fellas

 

[CeckRaiseFold]

Jeez, aren’t Zinjin good corporate citizens? You could just about give them a cuddle, hey?

If AVZ gets what they are entitle to, justice for Z can wait. Let’s get this show on the road.

Indeed, a new transparently negotiated deal might be to the benefit of all. Having Zinjin on board at clear and market valued terms could much help get this mine build in record time.

 

[Nbaz]

Indeed, a new transparently negotiated deal might be to the benefit of all. Having Zinjin on board at clear and market valued terms could much help get this mine build in record time.

Or...they take take their new offer and shove it up them! Don't give them a sniff now. The only issue is if they put forward a massive offer, we'll need to match it and perhaps go back to the well to pay for it.

 

[Rediah]

Would rather give that 8% free to Tesla than giving it to Zijin thieve..

 

[CHB]

View attachment 14600

Offer a new deal?

 

[DiscoDanNZ]

Speaking of the shitter, has anyone else started getting non stop notifications in the passed few weeks of posts by slightly above average woman that aren't remotely connected to anything you've done on Twitter designed to attract comments from thirsty internet sex pests?

I've stopped even opening Twitter because of them, pretty sure it's the bots Elon was talking about

 

[BenGriffo]

View attachment 14603 View attachment 14604 View attachment 14603 View attachment 14604

Seems like it might be Zijin's turn with the pineapple

 

[Bray]

We might be in for an interesting week ahead

 

[Bin59]

Here’s the video of the meeting: