AVZ Discussion 2022

[Frank]

*To Remind

Republican congressman Ken Calvert (CA-42) this week introduced the Monitoring and Investigating Nations Exploiting States (MINES) Act to “hold China and Russia accountable for their efforts to monopolize critical mineral resources around the world, particularly in developing nations.”
According to the press release is an original cosponsor of the MINES Act which provides the US with “additional tools to assess the growing exploitation of critical minerals in small states by China and Russia.”

“Reliable access to critical minerals is essential to America’s economic and national security,” said Calvert:

“America must be clear-eyed about the Chinese and Russian aggression when it comes to consolidating critical mineral resources.”

“It’s hard to overstate just how tight of a stranglehold Russia and China are developing on resources supply chains worldwide,” said House Natural Resources Committee Ranking Member Bruce Westerman (AR-4), a co-sponsor:

“While the Biden administration locks up sustainable mining here in the U.S., our adversaries are wasting no time stepping into that void and controlling critical minerals around the globe.”

*To add,

Zimbabwe announces $2.83 billion deal to locally process several metals, including lithium​

Zimbabwe is currently the only African country to produce lithium.

While Namibia, DRC, Ghana or Mali are preparing to join it, Harare is already exploring other ways to better take advantage of this resource.

In Harare on Friday, September 16, the government of Zimbabwe initialed a $2.83 billion memorandum of understanding with Chinese companies Eagle Canyon International Group and Pacific Goal Investment Ltd.

The tripartite partnership concerns the construction in the southern African country of an industrial complex spread over 5,000 hectares intended to locally transform several metals including lithium.

According to details revealed by Bloomberg , $450 million will be invested in a lithium salt plant to be installed at the Mapinga site (Mashonaland West), located 48 km from Harare, in order to supply electric battery manufacturers directly.

Scheduled to be completed by the end of 2025, it should be a first on the continent.

In addition, Chinese investors have planned another plant to produce nickel sulphate at a cost of $1 billion, as well as a nickel-chromium alloy smelter for $500 million.

To supply this huge complex, two 300 MW power plants will be built, at a unit cost of $250 million.

According to Lionel Mhlanga, head of Eagle Canyon International Group Holding, all of these refineries should generate, once in service, an annual turnover of more than $13 billion, while creating nearly 5,000 jobs.

If they have not yet been assessed, it should be noted that the revenues that the State should derive from this gigantic project will be substantial, both in terms of taxes and export earnings.

For the country’s vice-president Constantino Chiwenga, these investments should notably help the government to reach its objective of $12 billion in annual mining revenues. In 2021, the country raised $5.2 billion, up from $3.65 billion the previous year.

“The exploitation of our abundant natural resources must allow a greater number of our citizens to emerge from poverty and access prosperity ”, underlined the Head of State Emmerson Mnangagwa.



The Shades of the shadow…

While criticism very often fuses on the inability of African mining countries to locally transform the raw materials extracted from their basement, the partnership announced last Friday by the Zimbabwean government can give rise to hope.

It corresponds in fact to a certain will of the leaders of these countries to take advantage of the energy transition to launch the massive industrialization of their mining sector.

The enthusiasm observed on the side of the Zimbabwean leaders does not, however, prevent us from wondering about several gray points of this agreement.

The companies involved have not yet revealed how they intend to mobilize the colossal sum necessary for the realization of their various projects in the country.

It should be noted that the two companies based in Hong Kong are not listed on the stock exchange.

The methods of supplying future factories are also a mystery for the moment even if the country has the only lithium mine currently in production on the continent and plans to put two new projects into production , still piloted by Chinese investors, as soon as ‘next year.

It will nevertheless be necessary to reach an agreement with the various companies active in these projects so that they sell all or part of the production to local factories.

 

[whales]

*To Remind

Republican congressman Ken Calvert (CA-42) this week introduced the Monitoring and Investigating Nations Exploiting States (MINES) Act to “hold China and Russia accountable for their efforts to monopolize critical mineral resources around the world, particularly in developing nations.”
According to the press release is an original cosponsor of the MINES Act which provides the US with “additional tools to assess the growing exploitation of critical minerals in small states by China and Russia.”

“Reliable access to critical minerals is essential to America’s economic and national security,” said Calvert:

“America must be clear-eyed about the Chinese and Russian aggression when it comes to consolidating critical mineral resources.”

“It’s hard to overstate just how tight of a stranglehold Russia and China are developing on resources supply chains worldwide,” said House Natural Resources Committee Ranking Member Bruce Westerman (AR-4), a co-sponsor:

“While the Biden administration locks up sustainable mining here in the U.S., our adversaries are wasting no time stepping into that void and controlling critical minerals around the globe.”

*To add,

Zimbabwe announces $2.83 billion deal to locally process several metals, including lithium​

Zimbabwe is currently the only African country to produce lithium.

While Namibia, DRC, Ghana or Mali are preparing to join it, Harare is already exploring other ways to better take advantage of this resource.

In Harare on Friday, September 16, the government of Zimbabwe initialed a $2.83 billion memorandum of understanding with Chinese companies Eagle Canyon International Group and Pacific Goal Investment Ltd.

The tripartite partnership concerns the construction in the southern African country of an industrial complex spread over 5,000 hectares intended to locally transform several metals including lithium.

According to details revealed by Bloomberg , $450 million will be invested in a lithium salt plant to be installed at the Mapinga site (Mashonaland West), located 48 km from Harare, in order to supply electric battery manufacturers directly.

Scheduled to be completed by the end of 2025, it should be a first on the continent.

In addition, Chinese investors have planned another plant to produce nickel sulphate at a cost of $1 billion, as well as a nickel-chromium alloy smelter for $500 million.

To supply this huge complex, two 300 MW power plants will be built, at a unit cost of $250 million.

According to Lionel Mhlanga, head of Eagle Canyon International Group Holding, all of these refineries should generate, once in service, an annual turnover of more than $13 billion, while creating nearly 5,000 jobs.

If they have not yet been assessed, it should be noted that the revenues that the State should derive from this gigantic project will be substantial, both in terms of taxes and export earnings.

For the country’s vice-president Constantino Chiwenga, these investments should notably help the government to reach its objective of $12 billion in annual mining revenues. In 2021, the country raised $5.2 billion, up from $3.65 billion the previous year.

“The exploitation of our abundant natural resources must allow a greater number of our citizens to emerge from poverty and access prosperity ”, underlined the Head of State Emmerson Mnangagwa.



The Shades of the shadow…

While criticism very often fuses on the inability of African mining countries to locally transform the raw materials extracted from their basement, the partnership announced last Friday by the Zimbabwean government can give rise to hope.

It corresponds in fact to a certain will of the leaders of these countries to take advantage of the energy transition to launch the massive industrialization of their mining sector.

The enthusiasm observed on the side of the Zimbabwean leaders does not, however, prevent us from wondering about several gray points of this agreement.

The companies involved have not yet revealed how they intend to mobilize the colossal sum necessary for the realization of their various projects in the country.

It should be noted that the two companies based in Hong Kong are not listed on the stock exchange.

The methods of supplying future factories are also a mystery for the moment even if the country has the only lithium mine currently in production on the continent and plans to put two new projects into production , still piloted by Chinese investors, as soon as ‘next year.

It will nevertheless be necessary to reach an agreement with the various companies active in these projects so that they sell all or part of the production to local factories.



View attachment 17323


View attachment 17324




View attachment 17325

Good Example of what 800 million dollars can do .
Now is the African Development Fund of 800 million dollars that has been set aside for AVZ Minerals still available with all these delays.??
Now that is one question would be good to ask at AGM ? Plus
proof that funds are still directed towards Manono..
ALL IMO



.

 

[investinvest]

#Urgent : 300kg of gold at 120 million US dollars, exported to Hong Kong by Mrs. Hamida Shatur, wife of
@VitalKamerhe1
. Huff! we're still far I see... and if that's true? my God !!! File to follow.

The docket says 3000 kg

Who is Vital Kamerhe??

By Africanews
Last updated: 24/06 - 09:30
Vital Kamerhe, DRC's president Tshisekedi's former chief of staff has won his battle. Sentenced to 20 years in prison in 2020 for embezzling around 50 million dollars, the politician was totally cleared on appeal on Thursday. His co-accused, Lebanese businessman Sanoh Jammal was also acquitted.

The Kinshasa-Gombe Court of Appeal said lack of evidence was the reason for its decision.

Since 2020 Kamerhe was accused of misappropriating an envelope allocated to the construction of houses for the military and police, which was part of a programme implemented by President Tshisekedi. Kamerhe was the right-hand man of Félix Tshisekedi between 2018 and 2019. His 20 year sentence was reduced to 13 years in prison on appeal in June 2021. In December 2021, he was granted provisional release.


Following this verdict, his politcal party the Union for the Congolese Nation (UNC) organised gatherings in Bukavu, his stronghold in the East.

The 63 year-old is now free to run in DRC's upcoming 2023 elections.

Is this part of the election games, or steal as much as you can before FT and Mr Trophy winner steps in?

But guess what?
How are you gonna get $120 million in gold bullion from Hong Kong?
Does everybody think it's ok just to steal?

If you zoom in closely enough, the security pattern over some entries in the document are out of alignment, and some of the letters are of different quality i.e. not what you'd expect from printed fonts that's then scanned. I think that some of the details on that document have been edited/faked.

 

[cruiser51]

*To Remind

Republican congressman Ken Calvert (CA-42) this week introduced the Monitoring and Investigating Nations Exploiting States (MINES) Act to “hold China and Russia accountable for their efforts to monopolize critical mineral resources around the world, particularly in developing nations.”
According to the press release is an original cosponsor of the MINES Act which provides the US with “additional tools to assess the growing exploitation of critical minerals in small states by China and Russia.”

“Reliable access to critical minerals is essential to America’s economic and national security,” said Calvert:

“America must be clear-eyed about the Chinese and Russian aggression when it comes to consolidating critical mineral resources.”

“It’s hard to overstate just how tight of a stranglehold Russia and China are developing on resources supply chains worldwide,” said House Natural Resources Committee Ranking Member Bruce Westerman (AR-4), a co-sponsor:

“While the Biden administration locks up sustainable mining here in the U.S., our adversaries are wasting no time stepping into that void and controlling critical minerals around the globe.”

*To add,

Zimbabwe announces $2.83 billion deal to locally process several metals, including lithium​

Zimbabwe is currently the only African country to produce lithium.

While Namibia, DRC, Ghana or Mali are preparing to join it, Harare is already exploring other ways to better take advantage of this resource.

In Harare on Friday, September 16, the government of Zimbabwe initialed a $2.83 billion memorandum of understanding with Chinese companies Eagle Canyon International Group and Pacific Goal Investment Ltd.

The tripartite partnership concerns the construction in the southern African country of an industrial complex spread over 5,000 hectares intended to locally transform several metals including lithium.

According to details revealed by Bloomberg , $450 million will be invested in a lithium salt plant to be installed at the Mapinga site (Mashonaland West), located 48 km from Harare, in order to supply electric battery manufacturers directly.

Scheduled to be completed by the end of 2025, it should be a first on the continent.

In addition, Chinese investors have planned another plant to produce nickel sulphate at a cost of $1 billion, as well as a nickel-chromium alloy smelter for $500 million.

To supply this huge complex, two 300 MW power plants will be built, at a unit cost of $250 million.

According to Lionel Mhlanga, head of Eagle Canyon International Group Holding, all of these refineries should generate, once in service, an annual turnover of more than $13 billion, while creating nearly 5,000 jobs.

If they have not yet been assessed, it should be noted that the revenues that the State should derive from this gigantic project will be substantial, both in terms of taxes and export earnings.

For the country’s vice-president Constantino Chiwenga, these investments should notably help the government to reach its objective of $12 billion in annual mining revenues. In 2021, the country raised $5.2 billion, up from $3.65 billion the previous year.

“The exploitation of our abundant natural resources must allow a greater number of our citizens to emerge from poverty and access prosperity ”, underlined the Head of State Emmerson Mnangagwa.



The Shades of the shadow…

While criticism very often fuses on the inability of African mining countries to locally transform the raw materials extracted from their basement, the partnership announced last Friday by the Zimbabwean government can give rise to hope.

It corresponds in fact to a certain will of the leaders of these countries to take advantage of the energy transition to launch the massive industrialization of their mining sector.

The enthusiasm observed on the side of the Zimbabwean leaders does not, however, prevent us from wondering about several gray points of this agreement.

The companies involved have not yet revealed how they intend to mobilize the colossal sum necessary for the realization of their various projects in the country.

It should be noted that the two companies based in Hong Kong are not listed on the stock exchange.

The methods of supplying future factories are also a mystery for the moment even if the country has the only lithium mine currently in production on the continent and plans to put two new projects into production , still piloted by Chinese investors, as soon as ‘next year.

It will nevertheless be necessary to reach an agreement with the various companies active in these projects so that they sell all or part of the production to local factories.



View attachment 17323


View attachment 17324




View attachment 17325

I am very much afraid Frank, that now after almost 5 months of waiting, after the DRC Minister of Mines signed the ministerial decree to award the Mining Licence for the Manono Lithium and Tin Project to Dathcom Mining SA, the President of the DRC has clearly demonstrated, that his team is impotent to deliver the ML, as legally required by the DRC Mining Legislation.

The President of the DRC during the last 3 years has spent a lot of time, taking on leadership rolls in Africa and globe trotting around the world, while it appears that his own country has slowly slid down into an absolute mess. Like a ship without a captain.

Shaking hands with big mate Joe Biden, for photo shoots might look good in his office on the wall, but if it is not backed up by meaningful action, it is not worth a cracker.

Not one layer in the DRC society can be trusted, at this moment, to operate above board, that is including the Judiciary.
It is Rafferty rules, the one who hands paper bags and mars bars to a selected few, as now appears especially to people very close to the President, are the ones who are getting things done.


Greasing Felix's men's palms appears to be now more prevalent than during the Kabila era.
One wonders if Felix T, as President of the DRC, really knows what is happening around him, or is he behind the scenes just a part of all this.

I personally would not be surprised that this shit show will continue, until Felix disappears into the sunshine.

Hopefully a next leader will lead and is not being led around by his nose by his own close confidents.

 

[obe wan]

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 .

Apparently they’ve drilled up in the carrier area where the boundary is

 

[obe wan]

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

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 article Cruiser , you should pop it up on the other channel ; May claim afew nerves over there

 

[wombat74]

Apparently they’ve drilled up in the carrier area where the boundary is

Ok thanks obe wan . So that is not into the area that's in dispute . Drilling up to but not beyond our original holes ? Apart from the obvious I don't see that as anything significant TBH .

 

[Spikerama]

If you zoom in closely enough, the security pattern over some entries in the document are out of alignment, and some of the letters are of different quality i.e. not what you'd expect from printed fonts that's then scanned. I think that some of the details on that document have been edited/faked.

Yes I agree. It's forged. I'm mean where can you find an ink pad that has both blue and purple in just the right spot?

 

[whales]

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...

On the money if Dathcom can secure the additional 15% from Comminiere.
May take some time unless FT cleans up the government members of Comminiere.
ALL IMO

 

[Frank]

I am very much afraid Frank, that now after almost 5 months of waiting, after the DRC Minister of Mines signed the ministerial decree to award the Mining Licence for the Manono Lithium and Tin Project to Dathcom Mining SA, the President of the DRC has clearly demonstrated, that his team is impotent to deliver the ML, as legally required by the DRC Mining Legislation.

The President of the DRC during the last 3 years has spent a lot of time, taking on leadership rolls in Africa and globe trotting around the world, while it appears that his own country has slowly slid down into an absolute mess. Like a ship without a captain.

Shaking hands with big mate Joe Biden, for photo shoots might look good in his office on the wall, but if it is not backed up by meaningful action, it is not worth a cracker.

Not one layer in the DRC society can be trusted, at this moment, to operate above board, that is including the Judiciary.
It is Rafferty rules, the one who hands paper bags and mars bars to a selected few, as now appears especially to people very close to the President, are the ones who are getting things done.


Greasing Felix's men's palms appears to be now more prevalent than during the Kabila era.
One wonders if Felix T, as President of the DRC, really knows what is happening around him, or is he behind the scenes just a part of all this.

I personally would not be surprised that this shit show will continue, until Felix disappears into the sunshine.

Hopefully a next leader will lead and is not being led around by his nose by his own close confidents.

*I wasn't intending to post this Congo media article, but after reading yours i decided it's on topic and relevant to yours, as

Butembo: released by national deputy Bindule Mitono, Vital Kamerhe humiliated by Lucha

Continuing his so-called peace safari in the eastern part of the Democratic Republic of Congo, the former Chief of Staff to the Head of State arrived in Butembo, a potential commercial city in the great North Kivu this Saturday, September 24, 2022.

However, the national president of the Union for the Congolese Nation (UNC) Vital Kamerhe Lwakaningini, was previously released by the national deputy Bindule Mitonno affectionately called "Nguzo la Butembo".

The latter had recently boycotted an invitation from his political leader to Kinshasa, when the tour was announced.

And then, Vital Kamerhe Lwakaningini was humiliated in the process by the activists of the movement for change (Lucha).

In any case, it turns out that it was a real opportunity to materialize the concept of accountable responsibility.

Congolese citizens held up banners that read, "Where are our $15,000,000?"

The people demand reimbursement”. A way to demand accountability from the famous peacemaker.

"We all want to pacify the east of the country by fighting against armed groups".

When Vital Kamerhe Lwakaningini uttered this sentence in his meeting on Saturday September 24, 2022 in front of the sons and daughters of Butembo, he attracted a spectacular wave of criticism, which quickly fell.

It should be recalled that the latter is expected in the cosmopolitan city of Beni this Sunday, September 25, 2022.

After his sentence to twenty years in prison for corruption and embezzlement as part of the 100-day trial, a sentence which had been reduced to thirteen years on appeal, Vital Kamerhe was then cleared by the country's justice system for lack of enormous evidence, she said.

mediacongo

 

[Frank]

Draft 2023 budget: the government is targeting CF 12,833.9 billion from tax revenue and CF 3,168.4 billion from non-tax revenue

Maximizing public treasury revenue is one of the objectives pursued by the government.

It is in this vein that it plans to mobilize, during the 2023 fiscal year, a figure equivalent to nearly 12,833.9 billion Congolese Francs (6.4 billion US dollars) in revenue. taxes ; while non-tax revenues are projected at 3,168.4 billion Congolese francs.

According to sources close to the government, tax revenue is expected to increase by 80.0% compared to its level for the 2022 financial year, which was 7,130.9 billion Congolese francs.

This significant increase in tax revenue is justified by the significant contribution of the mining sector.

In detail, these revenues are made up of taxes on salaries: 1,939.1 billion Congolese Francs (i.e. 15.1% of tax revenues); taxes on profits and profits and on income from movable capital: 8,237.9 billion Congolese francs (i.e. 64.2% of tax revenue); value added tax (VAT): 2,568.9 billion Congolese Francs (i.e. 20.0% of tax revenue); other revenue: 88.0 billion Congolese Francs (i.e. 0.7% of tax revenue).

Our sources reveal that the revenue mobilized by the General Directorate of Taxes (DGI), for the month of August 2022 alone, is estimated at 860.7 billion Congolese Francs, equivalent to nearly 430 million US dollars.

On the other hand, the assignments of DGI revenues were set, during the same period, at 432.4 billion Congolese Francs, or nearly 216 million US dollars, representing an achievement rate of 199% at the end of August. 2022.

CF 3,168.4 billion of non-tax revenue

Still in its quest to bail out the coffers of the public treasury, the government plans to mobilize 3,168.4 billion Congolese Francs from non-tax revenues, equivalent to nearly 1.5 billion US dollars for the 2023 fiscal year.

These revenues should record an increase of 18.9% compared to their level for the 2022 financial year, where they amounted to 2,664.1 billion Congolese Francs.

According to sources close to the government, these revenues are driven by revenues from the mining, environment and land affairs sectors.

They are distributed as follows: administrative revenue: 1,000.8 billion Congolese francs (31.6% of non-tax revenue); judicial revenue: 145.4 billion Congolese francs (4.6% of non-tax revenue); state revenue: 1,932.6 billion Congolese francs (60.9% of non-tax revenue) and equity revenue: 89.6 billion CDF, or 2.8% of non-tax revenue.

*Ahh, Hello - Do you see what i see sitting in your own Backyard atm

 

[Winenut]

General trade across the market today seems to be dominated by the macro shit-show

Hang in there folks

Hopefully some of the macro will play out before we drop a heap of good news and come out of suspension

 

[DiscoDanNZ]

General trade across the market today seems to be dominated by the macro shit-show

Hang in there folks

Hopefully some of the macro will play out before we drop a heap of good news and come out of suspension

Day's like this I'd rather be bored and in suspension than trading and eyeing up a job on the street corner

 

[Remark]

Day's like this I'd rather be bored and in suspension than trading and eyeing up a job on the street corner

Depends if you think you'd do alright on the street corner? Are we talking full service or just light relief?

Sorry I think I'm losing my shit here.....

 

[Winenut]

Depends if you think you'd do alright on the street corner? Are we talking full service or just light relief?

Sorry I think I'm losing it...

There is now an image in my mind I just can't get rid of

 

[Winenut]

For the brave souls there is some bargain hunting across the board if you have stocks with fundamentals you believe in....

 

[Frank]

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...

*While Chinese ministries are encouraging domestic companies to sign long term supply contracts, as

China is low key panicking about high lithium prices​

Amid continuously rising lithium prices, four Chinese Gov ministries had a meeting last week, low-key packing their collective dacks because spot market supply continues to be outweighed by sustained demand from the downstream electric vehicle (EV) sector.

Benchmark Minerals Intelligence (BMI) recorded lithium carbonate EXW China (Technical) prices as high as US$69,450, lithium carbonate EXW China (Battery) at US$71,575 and lithium hydroxide EXW China at US$71,275 last week.

And China is worried, with the ministries encouraging domestic companies to sign long term supply contracts, as well as promote policies which support lithium resource development in a bid to stabilise pricing and limit sales prices from notably deviating from production costs.

“Nonetheless, contacts reported to Benchmark that lithium feedstock purchasing prices from ex-China markets remain high, and domestic feedstock supply remains impacted by COVID-19 testing regulations on vehicles leaving and entering Qinghai Province with shipments of industrial grade lithium carbonate, limiting flexibility on sales prices to end users,” BMI said.

This comes as the Chinese Yuan continues to weaken against the US dollar, softening prices marginally in dollar terms.


*To Remind,

Pilbara Minerals smashes yet another record at its latest spodumene auction​

Things that make you go Hmm on the Road to Manono

 

[Rediah]

Sorry it’s off-topic but $20 is $20.

Day's like this I'd rather be bored and in suspension than trading and eyeing up a job on the street corner

 

[DiscoDanNZ]

Depends if you think you'd do alright on the street corner? Are we talking full service or just light relief?

Sorry I think I'm losing my shit here.....

 

[Frank]

General trade across the market today seems to be dominated by the macro shit-show

Hang in there folks

Hopefully some of the macro will play out before we drop a heap of good news and come out of suspension

Must be time for a Wine or two i reckon Wino, my shout