AVZ Discussion 2022

John25

Regular
Funny 🤣🤣post from @John25 on the crapper about Felix . Hope you don't mind repeating it here .

"exactly …it seems to go with the job …fly around the world ,shake hands ,smile ,stroke the ego …all yap ,no action .Just get your fat arse home & start stamping FFS its been 20 weeks but who’s counting"
Dont mind at all wombat …wasnt meant to be funny though :( Been in this Royal shit show fuck fest for a lonnnng time now & just about had a gut full of the lack of decision making governments ,you could say world wide …how fucking hard could it be to get a multi billion dollar mine up/running to help the economy of your country
1664065777770.gif
 
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Rediah

Regular
Apparently some DRC journalists were invited to a big event for the granting of our mining licence, that was meant to be on the 18th, but was cancelled due to CAMI boss being out of counrty. Is this right?
Has there been no further invitations for it's rescheduling?
Someone, give me a crumb!
I heard something similar from outside source, maybe from same root source and just a rumour? ML meant to announce this coming week ( but didnt say it as we have heard that many times thats its coming this week) but now been rescheduled for week after ( i dont even want to say that as we have heard that TOO many times). I will believe it when it happens. (y)
 
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cruiser51

Top 20
Seems all rumors dried up?
Is there nothing out there to indicate a possible date of return to trading?

What do you guys think about the out of the ordinary date of 10th October of the last exstension?
And Nigels words "resulting in the re-instatement of trading in its securities."?
Do we think he's telling us he believes this is the last extension? Or just a platitude to calm anxious investors?

Apparently some DRC journalists were invited to a big event for the granting of our mining licence, that was meant to be on the 18th, but was cancelled due to CAMI boss being out of counrty. Is this right?
Has there been no further invitations for it's rescheduling?
Someone, give me a crumb!
1664074390899.png

This photo was taken 17/9/22 in the office of the Prime Minister Jean-Michel Sama Lukonde.
Second from left on back row is head of Cami Jean Felix Mupande Kapwa.
If you story is true he must have forgotten to show up for the next big event the day after.
Maybe they didn't promise a group photo, so he was highly annoyed.
 
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cruiser51

Top 20
Btw Friday 30/9 Cath Contract must be renewed.

I wonder if AVZ can do a Simon Kong to Cath and say: vely solly, hate to say it, but we do a Chinese style contlact and the new $240 million is now $720 million. :ROFLMAO:
 
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Doc

Master of Quan
Geez they now delaying the delays!
I’m starting to like Wombats posts more and more, God help me
 
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Good morning Azzler,

I also heard similar. I have also heard that we may still be atleast another week away being granted the ML. The timing of the UN meeting with the President being out of the country definitely hasn't helped!

Also as Obe alluded to, I think CDL should be safe, as why else would have they worried about putting another drill into it. I do still believe though that it won't be part of the current ML when it is finally issued.

As some posters have also asked, are the Yanks interested- imo yes! If so, are all the said percentages of the project set in stone?

After we receive the ML, I'm thinking that there may still be quite a few twists and turns, but they will be all in our favour!

Hang tight, as 'surely' we are nearly there. It's been frustrating, but it will be worth the wait!

Cheers,
Nells
Thanks Nells. I (am I'm sure many others) are always grateful for your insights, comments and sharing of information
 
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j.l

Regular
Good morning Azzler,

I also heard similar. I have also heard that we may still be atleast another week away being granted the ML. The timing of the UN meeting with the President being out of the country definitely hasn't helped!

Also as Obe alluded to, I think CDL should be safe, as why else would have they worried about putting another drill into it. I do still believe though that it won't be part of the current ML when it is finally issued.

As some posters have also asked, are the Yanks interested- imo yes! If so, are all the said percentages of the project set in stone?

After we receive the ML, I'm thinking that there may still be quite a few twists and turns, but they will be all in our favour!

Hang tight, as 'surely' we are nearly there. It's been frustrating, but it will be worth the wait!

Cheers,
Nells
Hey Nells, thanks also from me. In the absence of anything official I still like to hear from the rumor mill. If nothing else it's a sign that AVZ still exists!

With regard to the splitting of 13359/CDL, putting aside the theories of underhand/dodgy/nefarious intent for a moment (and I'm not saying that we should!), I can kind of understand the regulator wanting to do this. By making the CDL portion the subject of an exploration permit, doesn't it sort of prevent AVZ just sitting on the tenement without doing anything productive (in the way some of the big IO miners have done in WA)? It's such a massive asset for the DRC; if they did include it in 13359, AVZ could in theory not develop it until they need to (say 10 years from now), whereas with the exploration permit it kind of forces them to demonstrate activity or lose it. From the DRC's perspective, that approach makes sense.

Of course this could be a completely naive/stupid interpretation of the situation, especially given all the goings on to date.

Hopefully one day we'll know the truth, when the ML is in hand and the share price truly reflective of AVZ's value.
 
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hedrox

Regular
Hey Nells, thanks also from me. In the absence of anything official I still like to hear from the rumor mill. If nothing else it's a sign that AVZ still exists!

With regard to the splitting of 13359/CDL, putting aside the theories of underhand/dodgy/nefarious intent for a moment (and I'm not saying that we should!), I can kind of understand the regulator wanting to do this. By making the CDL portion the subject of an exploration permit, doesn't it sort of prevent AVZ just sitting on the tenement without doing anything productive (in the way some of the big IO miners have done in WA)? It's such a massive asset for the DRC; if they did include it in 13359, AVZ could in theory not develop it until they need to (say 10 years from now), whereas with the exploration permit it kind of forces them to demonstrate activity or lose it. From the DRC's perspective, that approach makes sense.

Of course this could be a completely naive/stupid interpretation of the situation, especially given all the goings on to date.

Hopefully one day we'll know the truth, when the ML is in hand and the share price truly reflective of AVZ's value.
May be AVZ will develop CDL with help of Piermont/ US or the Arabs...sure both of them would be interested...many ways how this could play out..soon we will know..IMO
Meanwhile the DRC cleanup is happening on all fronts...
 

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cruiser51

Top 20
Hey Nells, thanks also from me. In the absence of anything official I still like to hear from the rumor mill. If nothing else it's a sign that AVZ still exists!

With regard to the splitting of 13359/CDL, putting aside the theories of underhand/dodgy/nefarious intent for a moment (and I'm not saying that we should!), I can kind of understand the regulator wanting to do this. By making the CDL portion the subject of an exploration permit, doesn't it sort of prevent AVZ just sitting on the tenement without doing anything productive (in the way some of the big IO miners have done in WA)? It's such a massive asset for the DRC; if they did include it in 13359, AVZ could in theory not develop it until they need to (say 10 years from now), whereas with the exploration permit it kind of forces them to demonstrate activity or lose it. From the DRC's perspective, that approach makes sense.

Of course this could be a completely naive/stupid interpretation of the situation, especially given all the goings on to date.

Hopefully one day we'll know the truth, when the ML is in hand and the share price truly reflective of AVZ's value.
A bit of Sunday reading.

Found this item from 09/09/22.
Had one mistake in it, the date of court case wasn't 22/12/22, but 22/12/21.

Dunno if this was posted before, but it gives some insight.

If only half of the rumours are true, the real honest Congolese people must be ashamed of their representatives, who without any feeling of guilt, or eye blinking just have been stealing from the common community, if it was their God given right to behave like that and helped Cong to operate like this and still do.

No wonder there are so many organisations trying to highlight this....


At the center of a nebula: Simon Cong, the new Congolese mining magnate, before the Lubumbashi Court of Appeal​

September 9, 2022 TIGHANA MASIALA Economy , NEWS FEED

630-51-678x381.jpg


Simon Cong, owner of the ''Fleuve Congo Hôtel'', was received in the Democratic Republic of Congo (DRC) and graciously benefited from the manna of the opportunity to develop his business there and to put together with the Government a partnership company called ''DATHCOM MINING SAS'', under the Kabila regime to develop the Manono Lithium project. He is also the shareholder behind the company ''DATHOMIR INTERNATIONAL CORP'' which is today the sole shareholder of his company ''DATHOMIR'' according to the documents to which our investigators had access as much as the Inspector General of Finance (IGF) .
Six of the concessions in the sample included in the 45-page Global Witness Report entitled ''RENEWABLE ENERGY, WHAT IT COST?A dive into the emerging Congolese lithium sector, of which Manono's Dathcom Mining project (on PR13359) and one of Tantalex's concessions (PR13698), are or have been partly owned or acquired from companies associated with Cong Maohuai so as to be investigated by the Congolese government with civil society.
Chinese Cong Maohuai also led Dathomir Mining Resources Sarlu, one of the partners in the Dathcom Mining SA joint venture with Cominière and AVZ until September 2021 according to internal documents. Dathomir Mining Resources Sarlu is 100% owned by Dathomir Internationa Corp., represented by Mr. Cong. According to information received from concurring credible sources, Dathomir Mining Resources Sarlu was recorded as the main shareholder of AVZ in the company's 2018 and 2017 annual reports.A year later, in the 2019 annual report of AVZ Minerals, Dathomir Mining Resources Sarlu is no longer among the top 20 shareholders of AVZ Minerals for obvious reasons.
According to several sources and documents, it is established that Simon Cong Maohuai exercised, in the period of five months which had elapsed between the establishment of the joint venture and the purchase of the majority of the shares by AVZ Minerals, as representative of Dathomir Mining Resources Sarlu and briefly as Chairman of Dathcom Mining SAS.
In the case pending before the Court of Appeal, Mr. Cong Maohuai and his company pursued his own joint venture with the Congolese State Dathcom Mining SA (partnership company and also an important project of the Government and Cominière).
The facts of the case registered under RPA 7610 at the Court of Appeal of Lubumbashi
On September 16, 2021, Simon Cong, through his company Dathomir Mining Resources Sarlu, outgoing shareholder of the partnership company Dathcom Mining SA after having sold all his shares received free of charge from Cominière, had seized on "direct summons" the Court of Grande Instance du Haut-Katanga in Lubumbashi with a view to prosecuting the poor clerk of the Single Window for "forgery and use of forgery" for having regularly and legally carried an official seal on the register of shares, not of the counter but of the company Dathcom Mining SA.He also sued the Managing Director of the said company in which he claims to be a shareholder through his company Dathomir Mining Resources Sarlu for "complicity" in having updated the company's databases after the sale by Dathomir Mining Resources Sarlu of his actions to the majority shareholder AVZ International Ltd and, more seriously, to condemn the state partnership company to several tens of millions of US dollars.
According to the investigations and the lawyers of Dathcom Mining, while the hearing had been scheduled for December 22, 2022, the company Dathcom to protect itself had requested the "given act" in order to suspect the said Tribunal de Grande Instance of Lubumbashi whose elements evidence had indicated suspicious activity with Mr. Cong and his people. The Court of Cassation in Kinshasa had approved and acted but miraculously, as in a state of lawlessness, the Chief Registrar who was to issue the "Given act" in order to file it before the Tribunal de Grande Instance in Lubumbashi for blocking this procedure and having it transferred to another jurisdiction which would have allowed fair justice respecting the rights of the parties and a fair legal fight did not.
What seems to have already been prepared had happened and the Tribunal de Grande Instance of Lubumbashi rendered a judgment described as "not only unfair but unthinkable" by Dathcom's counsel, condemning:
  1. The clerk PAPALAS MUSAGI WABULASA (Principal Author) sentenced with admission of mitigating circumstances to 12 months of main penal servitude suspended for 12 months and a fine of 200,000 Congolese Francs. Failing payment within the legal period, he will suffer 10 days of subsidiary penal servitude with condemnation to the payment of a symbolic franc as damages for the benefit of the Dathomir company of Mr. Cong.
  2. The managing director of the company Dathcom (accomplice according to the complaint), Graeme Johnston, was sentenced in absentia (because he had been absent from the country due to COVID for more than two years), to three years of main penal servitude with immediate arrest and to a fine of 200,000 Congolese Francs. This is where the scandal and suspicion hold.
  3. The Dathcom company (in which Dathomir was supposed to be a shareholder and bearer of the Manono project, of which the State is entitled to 10%, Cominière is a shareholder and the people of Manono are awaiting the benefits), was found to be civilly liable for the payment of the sum of 50,000,000 US dollars (Fifty million US dollars) payable in Congolese Francs. A second scandal in favor of a Chinese who got everything graciously from Cominière in Dathcom but who earns millions of dollars on the back of the Republic in complicity with certain citizens and certain institutions of the country. This is not possible for a Congolese in China or under other skies.
    This decision, described as ''unfair'' by several Congolese observers and jurists, rendered on December 24, 2021, ie just two days after the hearing and without having received the defense pleadings, in particular from the partnership company Dathcom , had been rendered by magistrates NDUME RUGADJO Patrick (President of the Chamber), MALANGU MUDIFIDI (judge) and NGOIE TSHIKALA (judge) with the assistance of MENDA KONJI (Officer of the Public Prosecutor's Office). She had thrown a discredit on justice, because it was the first time that not only the accomplishment was punished by 3 years is stronger than the main author who was 12 with a suspended sentence of 12 months with extenuating circumstances;
    Through this judgment Dathomir and its owner Simon Cong had shown contempt not only for the Congolese people who had given him the opportunity to come and do business in the Democratic Republic of Congo under the previous regime but, in addition, by condemning the company of Dathcom partnership created to manage the Manono project, they wanted the Congolese people, the public company Cominière as well as the Government of the Republic to be able to pay this famous Chinese 50 million US dollars. The conviction of the Dathcom company implies that those who will pay this sum on behalf of the company to Mr. Cong are the following shareholders: Congolese State, AVZ International,
    In view of these facts, the Minister of State in charge of Justice and Keeper of the Seals had reacted energetically by condemning these judgments and instructing the prison service to open an investigation to establish responsibilities by her letter under No. R271 /RKM/111/ APP/CAB/ME/MIN/J and GS/2022 of February 1, 2022, ordering the general inspectorate of judicial and penitentiary services to examine the facts and report to it.
    Despite the reaction and disapproval of the patron saint of justice in the country, Mr. Simon Cong will still challenge the Congolese State and especially the efforts of the President of the Republic and Head of State, the Congolese government and the population of Manono by diligent the case in question on appeal under RPA 7610 while the Dathcom company awaits its notification miraculously and illegally blocked by the Mining Registry which nevertheless issued a favorable opinion, leading to a daily loss evaluated by the majority shareholder at "more than million dollars (and having lost more than $100 million to date).
    It is urgent to ask by what miracle and on the basis of what law the judges of the Court of Cassation refused to render their decision to "act" in order to allow Dathcom Mining to suspect the Court of Appeal of Lubumbashi as does the law provide ? How and why did judges not appear individually at the composition to deliver the verdict? According to the Momentum firm contacted by the investigators advising Dathcom Mining, of the more than 28 cases taken under advisement, 26 cases had been pronounced and only the two cases of his client remained undecided. Who is preventing Dathcom from defending itself honestly and for what reason? Just justice and the rule of law are put to the test by a stranger who has earned more from his victim than he has given to him,
Simon Cong wants to establish himself as the king of lithium
While all eyes are on the leadership of His Excellency the President who is more concerned with the start of the project and the situation of the people of Manono, Dathomir after having regularly sold its shares in AVZ, changes position after the release of the Feasibility Study which raised everyone's interest in the project.
The release of the said Feasibility Study having changed his point of view, Dathomir of the Chinese Simon Cong decided to prosecute his own company without worrying that he would charge the Congolese State, Cominière (his two benefactors) as well as AVZ International the 50 Million US dollars he is claiming from Dathcom Mining.
The DRC has allowed Mr. Cong to win juicy contracts, he is involved in several mining concessions in Manono including through companies like MINOCOM with links to TANTALEX as well as more than six mining concessions since the past regime.
For some time now, it has therefore been against the will of the Head of State to see the project started as quickly as possible that Mr. Cong and his company Dathomir have been using unsuitable maneuvers to make him pay more after the sale by using justice through trials that do not respect the rights of the defense or the laws of the country.
The media and civil society organizations member of the Coalition "the DRC and its people first" call on the IGF to investigate in depth the involvement of this Chinese citizen in the selling off of state mining assets in Cominière whose operations to obtain research permits PR 12436 , 12449 and 12450. Because after the publication of the IGF report on Cominière, the Congolese do not understand how he managed to escape from legal action. Would this gentleman be protected by certain high-ranking personalities taunting the higher authorities of the country and allowing him to taunt an entire country? Investigations by state institutions are needed, including those of the APLC and the National Assembly.
For certain civil society organizations in Lubumbashi and Kinshasa which are also investigating this case, "Simon Cong does not give a damn about the people of Manono and multiplies maneuvers by using justice to enrich himself more than the Congolese State, which owns the assets mines for which butter is made".
During the workshop organized last August at CEPAS on Lithium in the DRC by CERN-CENCO, the participants, including those of the Minister of Mines, mentioned that Mr. Cong, through his company Dathomir Mining Resources Sarlu, was to contribute by a stake in the Manono Lithium project in Dathcom Mining SA;all the participants of this CEPAS workshop had learned and realized that to date this Chinese citizen has not contributed anything while he and his Dathomir have earned a lot of money using the country's mining concessions managed by Cominière SA .
While this country has given him everything and offered opportunities for regular good, it is established today, given his legal actions in Lubumbashi mentioned above, that Mr. Cong is one of the people who block the development of the Manono Lithium project and that of the country for the benefit of the interests of a group to be quickly identified and exposed according to the call of the President of the Republic of 2019 against all those who are suspected of maintaining anti-values in the DRC.
A survey carried out by Congo Nouveau, Le Socle, Econews, RCEN, Le Leader, Mining News Magazine, the coalition "All for the DRC" and the Consrtium "The DRC and its people first".
 
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A bit of Sunday reading.

Found this item from 09/09/22.
Had one mistake in it, the date of court case wasn't 22/12/22, but 22/12/21.

Dunno if this was posted before, but it gives some insight.

If only half of the rumours are true, the real honest Congolese people must be ashamed of their representatives, who without any feeling of guilt, or eye blinking just have been stealing from the common community, if it was their God given right to behave like that and helped Cong to operate like this and still do.

No wonder there are so many organisations trying to highlight this....


At the center of a nebula: Simon Cong, the new Congolese mining magnate, before the Lubumbashi Court of Appeal​

September 9, 2022 TIGHANA MASIALA Economy , NEWS FEED

630-51-678x381.jpg


Simon Cong, owner of the ''Fleuve Congo Hôtel'', was received in the Democratic Republic of Congo (DRC) and graciously benefited from the manna of the opportunity to develop his business there and to put together with the Government a partnership company called ''DATHCOM MINING SAS'', under the Kabila regime to develop the Manono Lithium project. He is also the shareholder behind the company ''DATHOMIR INTERNATIONAL CORP'' which is today the sole shareholder of his company ''DATHOMIR'' according to the documents to which our investigators had access as much as the Inspector General of Finance (IGF) .
Six of the concessions in the sample included in the 45-page Global Witness Report entitled ''RENEWABLE ENERGY, WHAT IT COST?A dive into the emerging Congolese lithium sector, of which Manono's Dathcom Mining project (on PR13359) and one of Tantalex's concessions (PR13698), are or have been partly owned or acquired from companies associated with Cong Maohuai so as to be investigated by the Congolese government with civil society.
Chinese Cong Maohuai also led Dathomir Mining Resources Sarlu, one of the partners in the Dathcom Mining SA joint venture with Cominière and AVZ until September 2021 according to internal documents. Dathomir Mining Resources Sarlu is 100% owned by Dathomir Internationa Corp., represented by Mr. Cong. According to information received from concurring credible sources, Dathomir Mining Resources Sarlu was recorded as the main shareholder of AVZ in the company's 2018 and 2017 annual reports.A year later, in the 2019 annual report of AVZ Minerals, Dathomir Mining Resources Sarlu is no longer among the top 20 shareholders of AVZ Minerals for obvious reasons.
According to several sources and documents, it is established that Simon Cong Maohuai exercised, in the period of five months which had elapsed between the establishment of the joint venture and the purchase of the majority of the shares by AVZ Minerals, as representative of Dathomir Mining Resources Sarlu and briefly as Chairman of Dathcom Mining SAS.
In the case pending before the Court of Appeal, Mr. Cong Maohuai and his company pursued his own joint venture with the Congolese State Dathcom Mining SA (partnership company and also an important project of the Government and Cominière).
The facts of the case registered under RPA 7610 at the Court of Appeal of Lubumbashi
On September 16, 2021, Simon Cong, through his company Dathomir Mining Resources Sarlu, outgoing shareholder of the partnership company Dathcom Mining SA after having sold all his shares received free of charge from Cominière, had seized on "direct summons" the Court of Grande Instance du Haut-Katanga in Lubumbashi with a view to prosecuting the poor clerk of the Single Window for "forgery and use of forgery" for having regularly and legally carried an official seal on the register of shares, not of the counter but of the company Dathcom Mining SA.He also sued the Managing Director of the said company in which he claims to be a shareholder through his company Dathomir Mining Resources Sarlu for "complicity" in having updated the company's databases after the sale by Dathomir Mining Resources Sarlu of his actions to the majority shareholder AVZ International Ltd and, more seriously, to condemn the state partnership company to several tens of millions of US dollars.
According to the investigations and the lawyers of Dathcom Mining, while the hearing had been scheduled for December 22, 2022, the company Dathcom to protect itself had requested the "given act" in order to suspect the said Tribunal de Grande Instance of Lubumbashi whose elements evidence had indicated suspicious activity with Mr. Cong and his people. The Court of Cassation in Kinshasa had approved and acted but miraculously, as in a state of lawlessness, the Chief Registrar who was to issue the "Given act" in order to file it before the Tribunal de Grande Instance in Lubumbashi for blocking this procedure and having it transferred to another jurisdiction which would have allowed fair justice respecting the rights of the parties and a fair legal fight did not.
What seems to have already been prepared had happened and the Tribunal de Grande Instance of Lubumbashi rendered a judgment described as "not only unfair but unthinkable" by Dathcom's counsel, condemning:
  1. The clerk PAPALAS MUSAGI WABULASA (Principal Author) sentenced with admission of mitigating circumstances to 12 months of main penal servitude suspended for 12 months and a fine of 200,000 Congolese Francs. Failing payment within the legal period, he will suffer 10 days of subsidiary penal servitude with condemnation to the payment of a symbolic franc as damages for the benefit of the Dathomir company of Mr. Cong.
  2. The managing director of the company Dathcom (accomplice according to the complaint), Graeme Johnston, was sentenced in absentia (because he had been absent from the country due to COVID for more than two years), to three years of main penal servitude with immediate arrest and to a fine of 200,000 Congolese Francs. This is where the scandal and suspicion hold.
  3. The Dathcom company (in which Dathomir was supposed to be a shareholder and bearer of the Manono project, of which the State is entitled to 10%, Cominière is a shareholder and the people of Manono are awaiting the benefits), was found to be civilly liable for the payment of the sum of 50,000,000 US dollars (Fifty million US dollars) payable in Congolese Francs. A second scandal in favor of a Chinese who got everything graciously from Cominière in Dathcom but who earns millions of dollars on the back of the Republic in complicity with certain citizens and certain institutions of the country. This is not possible for a Congolese in China or under other skies.
    This decision, described as ''unfair'' by several Congolese observers and jurists, rendered on December 24, 2021, ie just two days after the hearing and without having received the defense pleadings, in particular from the partnership company Dathcom , had been rendered by magistrates NDUME RUGADJO Patrick (President of the Chamber), MALANGU MUDIFIDI (judge) and NGOIE TSHIKALA (judge) with the assistance of MENDA KONJI (Officer of the Public Prosecutor's Office). She had thrown a discredit on justice, because it was the first time that not only the accomplishment was punished by 3 years is stronger than the main author who was 12 with a suspended sentence of 12 months with extenuating circumstances;
    Through this judgment Dathomir and its owner Simon Cong had shown contempt not only for the Congolese people who had given him the opportunity to come and do business in the Democratic Republic of Congo under the previous regime but, in addition, by condemning the company of Dathcom partnership created to manage the Manono project, they wanted the Congolese people, the public company Cominière as well as the Government of the Republic to be able to pay this famous Chinese 50 million US dollars. The conviction of the Dathcom company implies that those who will pay this sum on behalf of the company to Mr. Cong are the following shareholders: Congolese State, AVZ International,
    In view of these facts, the Minister of State in charge of Justice and Keeper of the Seals had reacted energetically by condemning these judgments and instructing the prison service to open an investigation to establish responsibilities by her letter under No. R271 /RKM/111/ APP/CAB/ME/MIN/J and GS/2022 of February 1, 2022, ordering the general inspectorate of judicial and penitentiary services to examine the facts and report to it.
    Despite the reaction and disapproval of the patron saint of justice in the country, Mr. Simon Cong will still challenge the Congolese State and especially the efforts of the President of the Republic and Head of State, the Congolese government and the population of Manono by diligent the case in question on appeal under RPA 7610 while the Dathcom company awaits its notification miraculously and illegally blocked by the Mining Registry which nevertheless issued a favorable opinion, leading to a daily loss evaluated by the majority shareholder at "more than million dollars (and having lost more than $100 million to date).
    It is urgent to ask by what miracle and on the basis of what law the judges of the Court of Cassation refused to render their decision to "act" in order to allow Dathcom Mining to suspect the Court of Appeal of Lubumbashi as does the law provide ? How and why did judges not appear individually at the composition to deliver the verdict? According to the Momentum firm contacted by the investigators advising Dathcom Mining, of the more than 28 cases taken under advisement, 26 cases had been pronounced and only the two cases of his client remained undecided. Who is preventing Dathcom from defending itself honestly and for what reason? Just justice and the rule of law are put to the test by a stranger who has earned more from his victim than he has given to him,
Simon Cong wants to establish himself as the king of lithium
While all eyes are on the leadership of His Excellency the President who is more concerned with the start of the project and the situation of the people of Manono, Dathomir after having regularly sold its shares in AVZ, changes position after the release of the Feasibility Study which raised everyone's interest in the project.
The release of the said Feasibility Study having changed his point of view, Dathomir of the Chinese Simon Cong decided to prosecute his own company without worrying that he would charge the Congolese State, Cominière (his two benefactors) as well as AVZ International the 50 Million US dollars he is claiming from Dathcom Mining.
The DRC has allowed Mr. Cong to win juicy contracts, he is involved in several mining concessions in Manono including through companies like MINOCOM with links to TANTALEX as well as more than six mining concessions since the past regime.
For some time now, it has therefore been against the will of the Head of State to see the project started as quickly as possible that Mr. Cong and his company Dathomir have been using unsuitable maneuvers to make him pay more after the sale by using justice through trials that do not respect the rights of the defense or the laws of the country.
The media and civil society organizations member of the Coalition "the DRC and its people first" call on the IGF to investigate in depth the involvement of this Chinese citizen in the selling off of state mining assets in Cominière whose operations to obtain research permits PR 12436 , 12449 and 12450. Because after the publication of the IGF report on Cominière, the Congolese do not understand how he managed to escape from legal action. Would this gentleman be protected by certain high-ranking personalities taunting the higher authorities of the country and allowing him to taunt an entire country? Investigations by state institutions are needed, including those of the APLC and the National Assembly.
For certain civil society organizations in Lubumbashi and Kinshasa which are also investigating this case, "Simon Cong does not give a damn about the people of Manono and multiplies maneuvers by using justice to enrich himself more than the Congolese State, which owns the assets mines for which butter is made".
During the workshop organized last August at CEPAS on Lithium in the DRC by CERN-CENCO, the participants, including those of the Minister of Mines, mentioned that Mr. Cong, through his company Dathomir Mining Resources Sarlu, was to contribute by a stake in the Manono Lithium project in Dathcom Mining SA;all the participants of this CEPAS workshop had learned and realized that to date this Chinese citizen has not contributed anything while he and his Dathomir have earned a lot of money using the country's mining concessions managed by Cominière SA .
While this country has given him everything and offered opportunities for regular good, it is established today, given his legal actions in Lubumbashi mentioned above, that Mr. Cong is one of the people who block the development of the Manono Lithium project and that of the country for the benefit of the interests of a group to be quickly identified and exposed according to the call of the President of the Republic of 2019 against all those who are suspected of maintaining anti-values in the DRC.
A survey carried out by Congo Nouveau, Le Socle, Econews, RCEN, Le Leader, Mining News Magazine, the coalition "All for the DRC" and the Consrtium "The DRC and its people first".
Good find Cruiser. I'm a prayin, sooner or a later, Conga is a gonna.
I really need resolution ASAP by 10/10/22. Too much uncertainty for me: AVZ, my job, other investments need funds - may need to sell 1/3 of my AVZ, hoping to keep the other 2/3 at least until we are shipping PLS from Manono.
Hoping we all survive these chyna hijack attempts. Br Sparrowhawk.
All IMO. GLTAH.
 
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wombat74

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Good morning Azzler,

I also heard similar. I have also heard that we may still be atleast another week away being granted the ML. The timing of the UN meeting with the President being out of the country definitely hasn't helped!

Also as Obe alluded to, I think CDL should be safe, as why else would have they worried about putting another drill into it. I do still believe though that it won't be part of the current ML when it is finally issued.

As some posters have also asked, are the Yanks interested- imo yes! If so, are all the said percentages of the project set in stone?

After we receive the ML, I'm thinking that there may still be quite a few twists and turns, but they will be all in our favour!

Hang tight, as 'surely' we are nearly there. It's been frustrating, but it will be worth the wait!

Cheers,
Nells
I must be missing or misunderstanding something . Where/ when was it reported we were putting another hole into CDL ? I got the Roche Dure drilling update but couldn't see anything regards CDL .
 
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cruiser51

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A bit of Sunday reading.

Found this item from 09/09/22.
Had one mistake in it, the date of court case wasn't 22/12/22, but 22/12/21.

Dunno if this was posted before, but it gives some insight.

If only half of the rumours are true, the real honest Congolese people must be ashamed of their representatives, who without any feeling of guilt, or eye blinking just have been stealing from the common community, if it was their God given right to behave like that and helped Cong to operate like this and still do.

No wonder there are so many organisations trying to highlight this....


At the center of a nebula: Simon Cong, the new Congolese mining magnate, before the Lubumbashi Court of Appeal​

September 9, 2022 TIGHANA MASIALA Economy , NEWS FEED

630-51-678x381.jpg


Simon Cong, owner of the ''Fleuve Congo Hôtel'', was received in the Democratic Republic of Congo (DRC) and graciously benefited from the manna of the opportunity to develop his business there and to put together with the Government a partnership company called ''DATHCOM MINING SAS'', under the Kabila regime to develop the Manono Lithium project. He is also the shareholder behind the company ''DATHOMIR INTERNATIONAL CORP'' which is today the sole shareholder of his company ''DATHOMIR'' according to the documents to which our investigators had access as much as the Inspector General of Finance (IGF) .
Six of the concessions in the sample included in the 45-page Global Witness Report entitled ''RENEWABLE ENERGY, WHAT IT COST?A dive into the emerging Congolese lithium sector, of which Manono's Dathcom Mining project (on PR13359) and one of Tantalex's concessions (PR13698), are or have been partly owned or acquired from companies associated with Cong Maohuai so as to be investigated by the Congolese government with civil society.
Chinese Cong Maohuai also led Dathomir Mining Resources Sarlu, one of the partners in the Dathcom Mining SA joint venture with Cominière and AVZ until September 2021 according to internal documents. Dathomir Mining Resources Sarlu is 100% owned by Dathomir Internationa Corp., represented by Mr. Cong. According to information received from concurring credible sources, Dathomir Mining Resources Sarlu was recorded as the main shareholder of AVZ in the company's 2018 and 2017 annual reports.A year later, in the 2019 annual report of AVZ Minerals, Dathomir Mining Resources Sarlu is no longer among the top 20 shareholders of AVZ Minerals for obvious reasons.
According to several sources and documents, it is established that Simon Cong Maohuai exercised, in the period of five months which had elapsed between the establishment of the joint venture and the purchase of the majority of the shares by AVZ Minerals, as representative of Dathomir Mining Resources Sarlu and briefly as Chairman of Dathcom Mining SAS.
In the case pending before the Court of Appeal, Mr. Cong Maohuai and his company pursued his own joint venture with the Congolese State Dathcom Mining SA (partnership company and also an important project of the Government and Cominière).
The facts of the case registered under RPA 7610 at the Court of Appeal of Lubumbashi
On September 16, 2021, Simon Cong, through his company Dathomir Mining Resources Sarlu, outgoing shareholder of the partnership company Dathcom Mining SA after having sold all his shares received free of charge from Cominière, had seized on "direct summons" the Court of Grande Instance du Haut-Katanga in Lubumbashi with a view to prosecuting the poor clerk of the Single Window for "forgery and use of forgery" for having regularly and legally carried an official seal on the register of shares, not of the counter but of the company Dathcom Mining SA.He also sued the Managing Director of the said company in which he claims to be a shareholder through his company Dathomir Mining Resources Sarlu for "complicity" in having updated the company's databases after the sale by Dathomir Mining Resources Sarlu of his actions to the majority shareholder AVZ International Ltd and, more seriously, to condemn the state partnership company to several tens of millions of US dollars.
According to the investigations and the lawyers of Dathcom Mining, while the hearing had been scheduled for December 22, 2022, the company Dathcom to protect itself had requested the "given act" in order to suspect the said Tribunal de Grande Instance of Lubumbashi whose elements evidence had indicated suspicious activity with Mr. Cong and his people. The Court of Cassation in Kinshasa had approved and acted but miraculously, as in a state of lawlessness, the Chief Registrar who was to issue the "Given act" in order to file it before the Tribunal de Grande Instance in Lubumbashi for blocking this procedure and having it transferred to another jurisdiction which would have allowed fair justice respecting the rights of the parties and a fair legal fight did not.
What seems to have already been prepared had happened and the Tribunal de Grande Instance of Lubumbashi rendered a judgment described as "not only unfair but unthinkable" by Dathcom's counsel, condemning:
  1. The clerk PAPALAS MUSAGI WABULASA (Principal Author) sentenced with admission of mitigating circumstances to 12 months of main penal servitude suspended for 12 months and a fine of 200,000 Congolese Francs. Failing payment within the legal period, he will suffer 10 days of subsidiary penal servitude with condemnation to the payment of a symbolic franc as damages for the benefit of the Dathomir company of Mr. Cong.
  2. The managing director of the company Dathcom (accomplice according to the complaint), Graeme Johnston, was sentenced in absentia (because he had been absent from the country due to COVID for more than two years), to three years of main penal servitude with immediate arrest and to a fine of 200,000 Congolese Francs. This is where the scandal and suspicion hold.
  3. The Dathcom company (in which Dathomir was supposed to be a shareholder and bearer of the Manono project, of which the State is entitled to 10%, Cominière is a shareholder and the people of Manono are awaiting the benefits), was found to be civilly liable for the payment of the sum of 50,000,000 US dollars (Fifty million US dollars) payable in Congolese Francs. A second scandal in favor of a Chinese who got everything graciously from Cominière in Dathcom but who earns millions of dollars on the back of the Republic in complicity with certain citizens and certain institutions of the country. This is not possible for a Congolese in China or under other skies.
    This decision, described as ''unfair'' by several Congolese observers and jurists, rendered on December 24, 2021, ie just two days after the hearing and without having received the defense pleadings, in particular from the partnership company Dathcom , had been rendered by magistrates NDUME RUGADJO Patrick (President of the Chamber), MALANGU MUDIFIDI (judge) and NGOIE TSHIKALA (judge) with the assistance of MENDA KONJI (Officer of the Public Prosecutor's Office). She had thrown a discredit on justice, because it was the first time that not only the accomplishment was punished by 3 years is stronger than the main author who was 12 with a suspended sentence of 12 months with extenuating circumstances;
    Through this judgment Dathomir and its owner Simon Cong had shown contempt not only for the Congolese people who had given him the opportunity to come and do business in the Democratic Republic of Congo under the previous regime but, in addition, by condemning the company of Dathcom partnership created to manage the Manono project, they wanted the Congolese people, the public company Cominière as well as the Government of the Republic to be able to pay this famous Chinese 50 million US dollars. The conviction of the Dathcom company implies that those who will pay this sum on behalf of the company to Mr. Cong are the following shareholders: Congolese State, AVZ International,
    In view of these facts, the Minister of State in charge of Justice and Keeper of the Seals had reacted energetically by condemning these judgments and instructing the prison service to open an investigation to establish responsibilities by her letter under No. R271 /RKM/111/ APP/CAB/ME/MIN/J and GS/2022 of February 1, 2022, ordering the general inspectorate of judicial and penitentiary services to examine the facts and report to it.
    Despite the reaction and disapproval of the patron saint of justice in the country, Mr. Simon Cong will still challenge the Congolese State and especially the efforts of the President of the Republic and Head of State, the Congolese government and the population of Manono by diligent the case in question on appeal under RPA 7610 while the Dathcom company awaits its notification miraculously and illegally blocked by the Mining Registry which nevertheless issued a favorable opinion, leading to a daily loss evaluated by the majority shareholder at "more than million dollars (and having lost more than $100 million to date).
    It is urgent to ask by what miracle and on the basis of what law the judges of the Court of Cassation refused to render their decision to "act" in order to allow Dathcom Mining to suspect the Court of Appeal of Lubumbashi as does the law provide ? How and why did judges not appear individually at the composition to deliver the verdict? According to the Momentum firm contacted by the investigators advising Dathcom Mining, of the more than 28 cases taken under advisement, 26 cases had been pronounced and only the two cases of his client remained undecided. Who is preventing Dathcom from defending itself honestly and for what reason? Just justice and the rule of law are put to the test by a stranger who has earned more from his victim than he has given to him,
Simon Cong wants to establish himself as the king of lithium
While all eyes are on the leadership of His Excellency the President who is more concerned with the start of the project and the situation of the people of Manono, Dathomir after having regularly sold its shares in AVZ, changes position after the release of the Feasibility Study which raised everyone's interest in the project.
The release of the said Feasibility Study having changed his point of view, Dathomir of the Chinese Simon Cong decided to prosecute his own company without worrying that he would charge the Congolese State, Cominière (his two benefactors) as well as AVZ International the 50 Million US dollars he is claiming from Dathcom Mining.
The DRC has allowed Mr. Cong to win juicy contracts, he is involved in several mining concessions in Manono including through companies like MINOCOM with links to TANTALEX as well as more than six mining concessions since the past regime.
For some time now, it has therefore been against the will of the Head of State to see the project started as quickly as possible that Mr. Cong and his company Dathomir have been using unsuitable maneuvers to make him pay more after the sale by using justice through trials that do not respect the rights of the defense or the laws of the country.
The media and civil society organizations member of the Coalition "the DRC and its people first" call on the IGF to investigate in depth the involvement of this Chinese citizen in the selling off of state mining assets in Cominière whose operations to obtain research permits PR 12436 , 12449 and 12450. Because after the publication of the IGF report on Cominière, the Congolese do not understand how he managed to escape from legal action. Would this gentleman be protected by certain high-ranking personalities taunting the higher authorities of the country and allowing him to taunt an entire country? Investigations by state institutions are needed, including those of the APLC and the National Assembly.
For certain civil society organizations in Lubumbashi and Kinshasa which are also investigating this case, "Simon Cong does not give a damn about the people of Manono and multiplies maneuvers by using justice to enrich himself more than the Congolese State, which owns the assets mines for which butter is made".
During the workshop organized last August at CEPAS on Lithium in the DRC by CERN-CENCO, the participants, including those of the Minister of Mines, mentioned that Mr. Cong, through his company Dathomir Mining Resources Sarlu, was to contribute by a stake in the Manono Lithium project in Dathcom Mining SA;all the participants of this CEPAS workshop had learned and realized that to date this Chinese citizen has not contributed anything while he and his Dathomir have earned a lot of money using the country's mining concessions managed by Cominière SA .
While this country has given him everything and offered opportunities for regular good, it is established today, given his legal actions in Lubumbashi mentioned above, that Mr. Cong is one of the people who block the development of the Manono Lithium project and that of the country for the benefit of the interests of a group to be quickly identified and exposed according to the call of the President of the Republic of 2019 against all those who are suspected of maintaining anti-values in the DRC.
A survey carried out by Congo Nouveau, Le Socle, Econews, RCEN, Le Leader, Mining News Magazine, the coalition "All for the DRC" and the Consrtium "The DRC and its people first".

AFRICA​

Relatives of Tshisekedi accused of corruption​

Congolese President Félix Tshisekedi had made the fight against corruption one of the priorities of his mandate. Now some of his relatives are accused of embezzlement of public money.



President Félix Tshisekedi with a microphone (2021 archive)
President Félix Tshisekedi has not yet reacted to these corruption cases
Many relatives of the Congolese president have indeed been accused of corruption and alleged embezzlement of public money. Although the courts have taken up these cases, very few of them have been convicted. Those who were were either acquitted or granted provisional release.
Eteni longondo, former DRC health minister
Eteni longondo was Minister of Health between August 2019 and April 2021

A list provided​

The first to be placed under arrest warrant was a senior member of the presidential party, former health minister Eteni Longondo. He was accused by the General Inspectorate of Finance of having embezzled more than seven million dollars intended for the fight against the Covid-19 pandemic. He is granted provisional release in September 2021.
In December of the same year, the former chief of staff of the Congolese head of state, Vital Kamerhe, was sentenced to thirteen years in prison in a case of embezzlement of more than 50 million dollars allocated for the construction of houses. prefabricated for military and police. Vital Kamerhe was acquitted last June for lack of evidence.
Vital Kamerhe was totally acquitted on appeal
Vital Kamerhe was "totally acquitted" on appeal
A few days ago, the adviser in charge of strategic issues to the Congolese president, Vidiye Tshimanga, resigned from his post, the day after the broadcast of a video showing him negotiating his commission on a mining contract with fake investors who tricked him. The court took up the case.

Personal enrichment vs. public investment​

Jean-Jacques Lumumba, banker and ambassador of Unis, a pan-African network for the fight against corruption, is also spokesperson for Dynamique Congo 2060. He explains to DW:
"Beyond even the budget overrun, it is the budget-consuming quality of our finance law, where you see that the political and public institutions take much more money than what should have for example education or the security of the country". Jean-Jacques Lumumba regrets that "the budget of the Democratic Republic of Congo [is] much more focused on feeding actors and maintaining politicians than launching real investment projects and social projects for the Congolese people" .

Towards a new business?​

The current president of the Independent National Electoral Commission (Céni), Denis Kadima , is also cited in a dubious acquisition of two apartments worth four million US dollars.


Lire la vidéo
5:16 min

"The budget is used to feed politicians" (Jean-Jacques Lumumba)​

According to Valéry Madianga, a civil society actor, "the General Inspectorate of Finance has set up what is called the financial patrol. But the General Inspectorate of Finance is not everywhere. That is why corruption got worse".
Valéry Madianga recalls that the DRC is approaching elections, scheduled for 2023, and that "each political actor can have his share of the cake to prepare for the electoral deadlines. Even if we are told that there is an increase in public revenue, this increase now only benefits politicians. Corruption has increased."
The Democratic Republic of Congo ranks 169th out of 180 countries in Transparency International's ranking, published last January, on the Corruption Perceptions Index in the year 2021.

  • Date 22.09.2022
  • AuthorEric Topona
  • Thematic files Congo (DRC)
 
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AFRICA​

Relatives of Tshisekedi accused of corruption​

Congolese President Félix Tshisekedi had made the fight against corruption one of the priorities of his mandate. Now some of his relatives are accused of embezzlement of public money.



President Félix Tshisekedi with a microphone (2021 archive)
President Félix Tshisekedi has not yet reacted to these corruption cases
Many relatives of the Congolese president have indeed been accused of corruption and alleged embezzlement of public money. Although the courts have taken up these cases, very few of them have been convicted. Those who were were either acquitted or granted provisional release.
Eteni longondo, former DRC health minister
Eteni longondo was Minister of Health between August 2019 and April 2021

A list provided​

The first to be placed under arrest warrant was a senior member of the presidential party, former health minister Eteni Longondo. He was accused by the General Inspectorate of Finance of having embezzled more than seven million dollars intended for the fight against the Covid-19 pandemic. He is granted provisional release in September 2021.
In December of the same year, the former chief of staff of the Congolese head of state, Vital Kamerhe, was sentenced to thirteen years in prison in a case of embezzlement of more than 50 million dollars allocated for the construction of houses. prefabricated for military and police. Vital Kamerhe was acquitted last June for lack of evidence.
Vital Kamerhe was totally acquitted on appeal
Vital Kamerhe was "totally acquitted" on appeal
A few days ago, the adviser in charge of strategic issues to the Congolese president, Vidiye Tshimanga, resigned from his post, the day after the broadcast of a video showing him negotiating his commission on a mining contract with fake investors who tricked him. The court took up the case.

Personal enrichment vs. public investment​

Jean-Jacques Lumumba, banker and ambassador of Unis, a pan-African network for the fight against corruption, is also spokesperson for Dynamique Congo 2060. He explains to DW:
"Beyond even the budget overrun, it is the budget-consuming quality of our finance law, where you see that the political and public institutions take much more money than what should have for example education or the security of the country". Jean-Jacques Lumumba regrets that "the budget of the Democratic Republic of Congo [is] much more focused on feeding actors and maintaining politicians than launching real investment projects and social projects for the Congolese people" .

Towards a new business?​

The current president of the Independent National Electoral Commission (Céni), Denis Kadima , is also cited in a dubious acquisition of two apartments worth four million US dollars.


Lire la vidéo
5:16 min

"The budget is used to feed politicians" (Jean-Jacques Lumumba)​

According to Valéry Madianga, a civil society actor, "the General Inspectorate of Finance has set up what is called the financial patrol. But the General Inspectorate of Finance is not everywhere. That is why corruption got worse".
Valéry Madianga recalls that the DRC is approaching elections, scheduled for 2023, and that "each political actor can have his share of the cake to prepare for the electoral deadlines. Even if we are told that there is an increase in public revenue, this increase now only benefits politicians. Corruption has increased."
The Democratic Republic of Congo ranks 169th out of 180 countries in Transparency International's ranking, published last January, on the Corruption Perceptions Index in the year 2021.

  • Date 22.09.2022
  • AuthorEric Topona
  • Thematic files Congo (DRC)
Politics is dirty, in so many ways, esp leading up to elections. Let he who is without sin cast the first stone.
It would be hard not to pick up some baggage on the road to political leadership.
Believe in miracles (AVZ, LOL), trust who/question everything. DYOR.
No investmentment advice! GLTAH !!
 
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Samus

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AFRICA​

Relatives of Tshisekedi accused of corruption​

Congolese President Félix Tshisekedi had made the fight against corruption one of the priorities of his mandate. Now some of his relatives are accused of embezzlement of public money.



President Félix Tshisekedi with a microphone (2021 archive)
President Félix Tshisekedi has not yet reacted to these corruption cases
Many relatives of the Congolese president have indeed been accused of corruption and alleged embezzlement of public money. Although the courts have taken up these cases, very few of them have been convicted. Those who were were either acquitted or granted provisional release.
Eteni longondo, former DRC health minister
Eteni longondo was Minister of Health between August 2019 and April 2021

A list provided​

The first to be placed under arrest warrant was a senior member of the presidential party, former health minister Eteni Longondo. He was accused by the General Inspectorate of Finance of having embezzled more than seven million dollars intended for the fight against the Covid-19 pandemic. He is granted provisional release in September 2021.
In December of the same year, the former chief of staff of the Congolese head of state, Vital Kamerhe, was sentenced to thirteen years in prison in a case of embezzlement of more than 50 million dollars allocated for the construction of houses. prefabricated for military and police. Vital Kamerhe was acquitted last June for lack of evidence.
Vital Kamerhe was totally acquitted on appeal
Vital Kamerhe was "totally acquitted" on appeal
A few days ago, the adviser in charge of strategic issues to the Congolese president, Vidiye Tshimanga, resigned from his post, the day after the broadcast of a video showing him negotiating his commission on a mining contract with fake investors who tricked him. The court took up the case.

Personal enrichment vs. public investment​

Jean-Jacques Lumumba, banker and ambassador of Unis, a pan-African network for the fight against corruption, is also spokesperson for Dynamique Congo 2060. He explains to DW:
"Beyond even the budget overrun, it is the budget-consuming quality of our finance law, where you see that the political and public institutions take much more money than what should have for example education or the security of the country". Jean-Jacques Lumumba regrets that "the budget of the Democratic Republic of Congo [is] much more focused on feeding actors and maintaining politicians than launching real investment projects and social projects for the Congolese people" .

Towards a new business?​

The current president of the Independent National Electoral Commission (Céni), Denis Kadima , is also cited in a dubious acquisition of two apartments worth four million US dollars.


Lire la vidéo
5:16 min

"The budget is used to feed politicians" (Jean-Jacques Lumumba)​

According to Valéry Madianga, a civil society actor, "the General Inspectorate of Finance has set up what is called the financial patrol. But the General Inspectorate of Finance is not everywhere. That is why corruption got worse".
Valéry Madianga recalls that the DRC is approaching elections, scheduled for 2023, and that "each political actor can have his share of the cake to prepare for the electoral deadlines. Even if we are told that there is an increase in public revenue, this increase now only benefits politicians. Corruption has increased."
The Democratic Republic of Congo ranks 169th out of 180 countries in Transparency International's ranking, published last January, on the Corruption Perceptions Index in the year 2021.

  • Date 22.09.2022
  • AuthorEric Topona
  • Thematic files Congo (DRC)


Screenshot_20220925-114259_Chrome.jpg


It's interesting what we don't want to know until we need to know in my opinion. As long as everything is all good one can ignore it.
 
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wombat74

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View attachment 17314

It's interesting what we don't want to know until we need to know in my opinion. As long as everything is all good one can ignore it.
Very true . My interest in the DRC prior to my investment in AVZ was less than nothing . Then an Aussie company finds the mother of all lithium deposits . Now I know a lot about a country I have no interest in . A country run by criminals . Criminals funded by the Chinese Communist Party . Holly Shit !!!
 
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wombat74

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An observation . What is the weight of the Cantor Fitzgerald investment in AVZ ? Under current circumstances what is the significance of their involvement ? What is their influence ?
 
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ChrisU

Guest
Book your ticket Wombie, Nigel will be there.

Cheers,
Nells
It’s mandated he be there. Ink
Wait

R2D2 is a...... troll??? :eek:

View attachment 17081

:ROFLMAO:

I’m a troll. Or what I say is true.

Next…

Posters would do well to resist falling in love with the management and deciding who is with them and not, and rather just analyse the management’s performance.
 
C

ChrisU

Guest
We
Very true . My interest in the DRC prior to my investment in AVZ was less than nothing . Then an Aussie company finds the mother of all lithium deposits . Now I know a lot about a country I have no interest in . A country run by criminals . Criminals funded by the Chinese Communist Party . Holly Shit !!!
we always knew it was there, but never thought it would come to this.

This must be a big fuckup for Cong, and for AVZ, all concerned really. Really need to see a few miscreants banished to restore confidence.

If Cong is not arrested then AVZ is never safe
 
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Onthefm

Regular
An observation . What is the weight of the Cantor Fitzgerald investment in AVZ ? Under current circumstances what is the significance of their involvement ? What is their influence ?

We

we always knew it was there, but never thought it would come to this.

This must be a big fuckup for Cong, and for AVZ, all concerned really. Really need to see a few miscreants banished to restore confidence.

If Cong is not arrested then AVZ is never safe
The problem as I see it is if your up to your armpits in corruption. Ie relatives , hand picked advisors. who actually said on the tape that the pres doesn't do business himself. Much like suharto. Can't see to much real action being taken. Which is a real concern.
 
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Frank

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Days of our DRC Lives.jpeg

NGO denounces kickbacks requested by certain political figures in the DRC

The Coalition – Congo is not for sale (CNPAV) remains concerned about the deterioration of the business climate in the country and strongly denounces influence peddling and retro-commissions solicited by certain politically exposed personalities in the country.

The CNPAV considers that the video published on September 14, 2022 by Le Temps and OCCRP showing Mr. Vidiye Tshimanga Tshipanda, former adviser to President Felix Tshisekedi in charge of Strategic Issues, soliciting shares in a company that would have liked to settle in the Congolese mining sector , illustrates the contrast between the desire to fight corruption advocated by the regime and expressed by the President of the Republic in various speeches since taking office and the numerous scandals involving major players in the regime and the presidential palace.

He regrets that the politically exposed persons who should restrict themselves to certain trades and practices to ensure that the laws of the country and these commitments, in particular within the framework of the implementation of the EITI, are applied for all, are themselves at the heart of scandals and concealment of beneficial owners.

All in all, the video highlights the bad practices of politically exposed personalities who advocate anti-values including corruption, embezzlement of public funds, influence peddling, conflict of interest and usurpation of skills between the president’s advisers and the members of the government.

The coalition welcomes the opening of a legal file against the accused and asks the competent institutions to clarify this situation.

It hopes for the personal involvement of the President of the Republic so that no political interference hinders the smooth running of the investigation, especially since the aforementioned seems to have described the techniques for concealing his identity, the use of nominees and shareholders on behalf of his children and even front companies registered in particular in Mauritius.

And even mention the name of a large mining company like Ivanhoe Mines which is already in collaboration with its company COBAMINES on the Kamoa-Kakula deposit in Lualaba.

The CNPAV recalls that the laws of the country provide a fair framework for securing and protecting investments.

Any initiative to grant advantages in a procedure for obtaining mining permits or even the facilitation of foreign currency exports contrary to the laws, in exchange for individual advantages, is prohibited.

Thus, the Coalition specifically recommends:

To the President of the Republic Felix-Antoine Tshisekedi Tshilombo :

– Carry out an administrative investigation to identify all its collaborators immersed in these practices and sanction them immediately to serve as an example to others who would venture to repeat these kinds of practices;

– Reforming his firm by recruiting competent, honest employees who care about the general interest.

– Avoid multiplying the commissions and other presidential ad hoc structures which monopolize governmental prerogatives and seem to serve as goodwill for their organizers.

To the General Inspectorate of Finance (IGF) and the Court of Auditors :

– Seize this file to carry out an in-depth investigation into the costs, deadlines, stakeholders and practices in the procedure for granting mining titles and make the conclusions public:

To public prosecutors, courts and tribunals :

– Organize a public trial so that Mr. Vidiye Tshimanga Tshipanda undergoes the rigor of the law and serves his entire sentence.

To Ivanhoé Mines :

-Enlighten the Congolese public opinion and the shareholders of Ivanhoe Mines on any possible contractual relationship with Mr. Tshimanga, Cobamines and any other company linked to politically exposed persons.

– Initiate legal proceedings against the latter if the company considers that it has been wrongly quoted:

At EITI DRC :

– To ensure that the publication of the list of subcontracting extractive companies is effective and exhaustive by the publication of the next DRC EITI report.

To international institutions and countries friendly to the DRC:

– Develop sanctions against any Congolese personality involved in bad practices (corruption, influence peddling, embezzlement, …) which keep the Congolese people in indescribable misery;

To the Congolese people :

– Remain vigilant and mobilized to denounce all these bad practices and their authors, who grow exponentially by sacrificing our hopes and those of future generations.

copperbeltkatangamining


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