The one on his knees seems to be squinting, could be caused by an experience, or a permanent feature.
They say, in communication, specifically watch the body language. It explains a lot.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
They say, in communication, specifically watch the body language. It explains a lot.
Just going back to my previous thoughts on CAMI splitting off CDL north, in light of what @Winenut dug up from the DRC mining code with regard to relinquishing 50% of unconverted exploration (PR) permits, it feels as though we're destined to lose at least some of CDL aren't we?
If we can't satisfy Dept of Mines that we're going to mine the lease, we lose 50%, which is what we've seen with the two wholly-owned tenements (as per the note in the Full Year Stat Accounts).
I wonder if this was short sighted play by Nigel...
If we can't satisfy Dept of Mines that we're going to mine the lease, we lose 50%, which is what we've seen with the two wholly-owned tenements (as per the note in the Full Year Stat Accounts).
I wonder if this was short sighted play by Nigel...
Samus
Top 20
Monumental fuck up if that's the case. But you wouldn't expect the explored lease to be split either. More like the corrupted cun#s saw an opportunity to embezzle more money from the same tenement.
If this @JFMK twit is real it seems to back up the theory somewhat.
Who knows...
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I'm sure if Nigel could go back in time he would have punched more holes into CDL . A Billion tonnes at Roche Dure will have to do plus what ever bit of CDL we have which someone mentioned previously would still be a around 200mil tonne . Pack it up with a big ribbon around it and flog it to RIO $2.50 - $3 .
Do you really think this way? 13359 was one tenement and AVZ did put all the effort to explore it. So it is different story with the other 100% own tenement, which was unexplored.
In my opinion, sooner or latter, justice will come and AVZ will shine, because this project is too significant. Any illegal play or corruption will be revealed eventually because it is monster of Lithium - the hottest metal in the next few decades.
I'm just speculating and trying to put some pieces together. In the absence of any real info that's all we can do. Not saying it's right or fair or anything else (other than incredibly frustrating of course!)
But did we fully explore it? Objectively, we have only really proven up to JORC standards a small area of the wider tenement. I can see the reasoning behind government being unwilling to include a vast unexplored area into an exploitation licence, and for it instead to be assigned a seperate new exploreration permit.
Would that represent a shakedown to cut 50% of that exploration tenement out of our allotment, thus opening up the lucrative opportunity to ransom it off to the highest bidder? Sure. But I can somewhat see where its coming from.
Under the Mining Act where it says we have to give up 50% area of the territory under any 'extension' of the exploration permit, would that be 50% of the territory that was carved off from the original 13359? Do we get to choose the territory we keep, like you can in similar circumstances in Australia? If we could asking our remaining exploration territory we could focus on the main pegmatite trail. Questions abound.
Just thoughts anyway
Misfits
Regular
There's another parody going on. The CEO of #CAMI Mr Jean-Felix Mupande
@JFMK
defies an order to issue the Mining Permit to
@AvzMinerals
for #ManonoLithium because he is acting for the Chinese looters of #ZijinMining & Simon Cong. Who will bring this man to justice?
@USTreasury
obe wan
Regular
The guy Is a self proclaimed alpha dog ; eventually there's only one way for disobedient, stubborn dog to be death with
MoneyBags1348
Top 20
Hey @obe wan, do you think the recently extended CATH TIA (of which the ‘expansion scenario’ is a ‘material term’) indicates that that our PE won’t be cut as some here have alluded to, or was it just for increasing output at RD
So much to keep up with…. talk of loosing CDL when we have drilled six holes there etc. Any thoughts on these in general?
So much to keep up with…. talk of loosing CDL when we have drilled six holes there etc. Any thoughts on these in general?
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Interesting question...
Which company did Vidiye Tshimanga think he was negotiating with.
Frank
Top 20
*Fyi, For those New to Mining in the DRC and the Days of our Groundhog Lives 
*To Remind
AVZ’s interest in the Manono lithium project in the Democratic Republic of Congo could fall to 36% from 75%, London-based short-seller Boatman said in a research report on Friday.
That may follow its planned sale of a 24% stake this month and a flurry of lawsuits from companies, including Zijin Mining Group Co., claiming ownership, documents published by Boatman show.
“At best, AVZ faces months or years of legal fights” to block a claim by a Zijin subsidiary, Boatman said in the report.
“At worst, AVZ will lose control of Manono.”
AVZ said Friday it extended the voluntary suspension of the trading of its stock on the ASX until June 1, having halted selling and buying of its shares May 9 as it waits for the Congolese government to complete its permit approvals for Manono.
AVZ, with a market capitalization of about A$2.75 billion ($1.9 billion), had soared more than 400% over 12 months.
Congo is an important source of materials needed in the transition to clean energy.
It’s the world’s largest producer of cobalt and holds vast deposits of lithium, both key ingredients in electric-vehicle batteries.
Chinese companies have moved aggressively to secure supplies from the central African country, and now control about half of Congo’s cobalt output and approximately 70% of its copper production.
Read More: China built Congo a toll road that led straight to the ruling family
In China, the world’s biggest EV market, lithium prices have climbed more than 400% in the past year, stabilizing in recent months as stringent Covid restrictions weigh on manufacturing.
The Perth-based company said earlier this month it was “a matter of days” from securing its mining permit.
A week later, it announced that Zijin’s Jin Cheng Mining Company Ltd. had requested arbitration at the International Chamber of Commerce in Paris to claim a 15% share of the mining project that it says it acquired from state-owned miner Cominiere last year.
Boatman published a contract that showed Jin Cheng agreed to pay $33.4 million to Cominiere for the stake.
Zijin said in a May 9 statement that it had followed the law and complied with the joint venture agreement for the Manono project.
“Zijin Mining will actively protect its legitimate rights and interests, and continue to address future issues through litigation and arbitration,” it said.
AVZ and Zijin did not immediately respond to separate requests for comment on Friday.
The company says it is in “advanced discussions” with the government to acquire the 15% itself.
Congo’s Mines Minister Antoinette N’Samba Kalambayi and Cominiere’s Managing Director Athanase Mwamba Misao didn’t immediately respond to separate messages requesting comment Friday.
AVZ is already set to sell a 24% stake in the project to Chinese battery maker Suzhou CATH Energy Technologies at the end of this month for a $240 million investment.
That’s about five times the value per share in the Cominiere-Jin Cheng agreement.
The dispute with Zijin isn’t AVZ’s only shareholder battle over the ownership of the lithium deposits.
Last year, the company said it paid Dathomir Mining Resources Sarl $20 million for a 15% stake in the project, bringing its total shareholding to 75%.
Now the company, owned by longtime Chinese investor in Congo, Cong Maohuai, has sued in Congo to annul the deal.
AVZ’s subsidiary is appealing.
Cong did not immediately respond to an email requesting comment Friday.
The project is planned to develop the first lithium mine in Congo.
Cong’s company, Societe de Gestion Routiere du Congo, is managing the rehabilitation of a 290 mile-long export route from Manono at a cost of about $285 million, according to AVZ.
mining.com
*He looks worried, understandable atm, So Close, Yet so Far and still just out of reach for our Nigel
*To Remind,
Food for thought on the Long and Winding Road to Manono
*To Remind
Chinese, Australian investors battle for largest lithium deposit
Australia’s AVZ Minerals Ltd. is battling to retain control of what is potentially the world’s largest untapped lithium deposit amid ownership claims from Chinese investors, according to Boatman Capital.
AVZ’s interest in the Manono lithium project in the Democratic Republic of Congo could fall to 36% from 75%, London-based short-seller Boatman said in a research report on Friday.
That may follow its planned sale of a 24% stake this month and a flurry of lawsuits from companies, including Zijin Mining Group Co., claiming ownership, documents published by Boatman show.
“At best, AVZ faces months or years of legal fights” to block a claim by a Zijin subsidiary, Boatman said in the report.
“At worst, AVZ will lose control of Manono.”
AVZ said Friday it extended the voluntary suspension of the trading of its stock on the ASX until June 1, having halted selling and buying of its shares May 9 as it waits for the Congolese government to complete its permit approvals for Manono.
AVZ, with a market capitalization of about A$2.75 billion ($1.9 billion), had soared more than 400% over 12 months.
Congo is an important source of materials needed in the transition to clean energy.
It’s the world’s largest producer of cobalt and holds vast deposits of lithium, both key ingredients in electric-vehicle batteries.
Chinese companies have moved aggressively to secure supplies from the central African country, and now control about half of Congo’s cobalt output and approximately 70% of its copper production.
Read More: China built Congo a toll road that led straight to the ruling family
In China, the world’s biggest EV market, lithium prices have climbed more than 400% in the past year, stabilizing in recent months as stringent Covid restrictions weigh on manufacturing.
The Perth-based company said earlier this month it was “a matter of days” from securing its mining permit.
A week later, it announced that Zijin’s Jin Cheng Mining Company Ltd. had requested arbitration at the International Chamber of Commerce in Paris to claim a 15% share of the mining project that it says it acquired from state-owned miner Cominiere last year.
Boatman published a contract that showed Jin Cheng agreed to pay $33.4 million to Cominiere for the stake.
Zijin said in a May 9 statement that it had followed the law and complied with the joint venture agreement for the Manono project.
“Zijin Mining will actively protect its legitimate rights and interests, and continue to address future issues through litigation and arbitration,” it said.
AVZ and Zijin did not immediately respond to separate requests for comment on Friday.
‘Meritless agreement’
AVZ said the agreement is “meritless” because it has the right to preempt any share sale by Cominiere, which currently holds 25% of the project.The company says it is in “advanced discussions” with the government to acquire the 15% itself.
Congo’s Mines Minister Antoinette N’Samba Kalambayi and Cominiere’s Managing Director Athanase Mwamba Misao didn’t immediately respond to separate messages requesting comment Friday.
AVZ is already set to sell a 24% stake in the project to Chinese battery maker Suzhou CATH Energy Technologies at the end of this month for a $240 million investment.
That’s about five times the value per share in the Cominiere-Jin Cheng agreement.
The dispute with Zijin isn’t AVZ’s only shareholder battle over the ownership of the lithium deposits.
Last year, the company said it paid Dathomir Mining Resources Sarl $20 million for a 15% stake in the project, bringing its total shareholding to 75%.
Now the company, owned by longtime Chinese investor in Congo, Cong Maohuai, has sued in Congo to annul the deal.
AVZ’s subsidiary is appealing.
Cong did not immediately respond to an email requesting comment Friday.
The project is planned to develop the first lithium mine in Congo.
Cong’s company, Societe de Gestion Routiere du Congo, is managing the rehabilitation of a 290 mile-long export route from Manono at a cost of about $285 million, according to AVZ.
mining.com
*He looks worried, understandable atm, So Close, Yet so Far and still just out of reach for our Nigel
*To Remind,
Food for thought on the Long and Winding Road to Manono
Samus
Top 20
*Fyi, For those New to Mining in the DRC and the Days of our Groundhog Lives
*To Remind
Chinese, Australian investors battle for largest lithium deposit
Australia’s AVZ Minerals Ltd. is battling to retain control of what is potentially the world’s largest untapped lithium deposit amid ownership claims from Chinese investors, according to Boatman Capital.
AVZ’s interest in the Manono lithium project in the Democratic Republic of Congo could fall to 36% from 75%, London-based short-seller Boatman said in a research report on Friday.
That may follow its planned sale of a 24% stake this month and a flurry of lawsuits from companies, including Zijin Mining Group Co., claiming ownership, documents published by Boatman show.
“At best, AVZ faces months or years of legal fights” to block a claim by a Zijin subsidiary, Boatman said in the report.
“At worst, AVZ will lose control of Manono.”
AVZ said Friday it extended the voluntary suspension of the trading of its stock on the ASX until June 1, having halted selling and buying of its shares May 9 as it waits for the Congolese government to complete its permit approvals for Manono.
View attachment 17942
AVZ, with a market capitalization of about A$2.75 billion ($1.9 billion), had soared more than 400% over 12 months.
Congo is an important source of materials needed in the transition to clean energy.
It’s the world’s largest producer of cobalt and holds vast deposits of lithium, both key ingredients in electric-vehicle batteries.
Chinese companies have moved aggressively to secure supplies from the central African country, and now control about half of Congo’s cobalt output and approximately 70% of its copper production.
Read More: China built Congo a toll road that led straight to the ruling family
In China, the world’s biggest EV market, lithium prices have climbed more than 400% in the past year, stabilizing in recent months as stringent Covid restrictions weigh on manufacturing.
The Perth-based company said earlier this month it was “a matter of days” from securing its mining permit.
A week later, it announced that Zijin’s Jin Cheng Mining Company Ltd. had requested arbitration at the International Chamber of Commerce in Paris to claim a 15% share of the mining project that it says it acquired from state-owned miner Cominiere last year.
View attachment 17953
Boatman published a contract that showed Jin Cheng agreed to pay $33.4 million to Cominiere for the stake.
Zijin said in a May 9 statement that it had followed the law and complied with the joint venture agreement for the Manono project.
“Zijin Mining will actively protect its legitimate rights and interests, and continue to address future issues through litigation and arbitration,” it said.
AVZ and Zijin did not immediately respond to separate requests for comment on Friday.
‘Meritless agreement’
AVZ said the agreement is “meritless” because it has the right to preempt any share sale by Cominiere, which currently holds 25% of the project.
The company says it is in “advanced discussions” with the government to acquire the 15% itself.
Congo’s Mines Minister Antoinette N’Samba Kalambayi and Cominiere’s Managing Director Athanase Mwamba Misao didn’t immediately respond to separate messages requesting comment Friday.
AVZ is already set to sell a 24% stake in the project to Chinese battery maker Suzhou CATH Energy Technologies at the end of this month for a $240 million investment.
That’s about five times the value per share in the Cominiere-Jin Cheng agreement.
The dispute with Zijin isn’t AVZ’s only shareholder battle over the ownership of the lithium deposits.
Last year, the company said it paid Dathomir Mining Resources Sarl $20 million for a 15% stake in the project, bringing its total shareholding to 75%.
Now the company, owned by longtime Chinese investor in Congo, Cong Maohuai, has sued in Congo to annul the deal.
View attachment 17952
AVZ’s subsidiary is appealing.
Cong did not immediately respond to an email requesting comment Friday.
The project is planned to develop the first lithium mine in Congo.
Cong’s company, Societe de Gestion Routiere du Congo, is managing the rehabilitation of a 290 mile-long export route from Manono at a cost of about $285 million, according to AVZ.
View attachment 17954
mining.com
*He looks worried, understandable atm, So Close, Yet so Far and still just out of reach for our Nigel
View attachment 17949
*To Remind,
View attachment 17943
View attachment 17950
View attachment 17948
Food for thought on the Long and Winding Road to Manono
View attachment 17955
17th May 2021
AVZ Minerals Limited (ASX: AVZ, “the Company” or “AVZ”) is pleased to announce all of the required documentation to support its application for the Permis d’Exploitation (or Mining Licence) in respect to the Manono Lithium and Tin Project (“Manono Project”) has been lodged and accepted for consideration by the Cadastre Minier in Kinshasa.
The documentation and formal application – which were submitted by AVZ’s majority-owned DRC company, Dathcom Mining SA, will now be assessed by the DRC Government prior to approval of the granting of the Mining Licence for the Manono Project as soon as practicably possible.
AVZ’s Managing Director, Mr Nigel Ferguson, said: “Lodging our formal application for a Mining Licence for the Manono Project is yet another significant milestone for the Company.
“It marks the culmination of our highly strategic and well executed exploration programme and is another signal that the Company is rapidly advancing towards the construction phase of our mining project and, ultimately, moving into production.”
“We expect granting of the Mining Licence for the Manono Project to be expedited by the DRC Government so that we can maintain our construction schedule to deliver the first SC6 on train by Q1 2023.”
“A Mining Licence will also allow the Company to quickly progress the Manono Project to a ‘bankable’ study level, set as a condition precedent and as required by prospective financiers of the Manono Project.”
Nearly 17 months since expidited
4th May 2022
DRC Minister of Mines has signed the ministerial decree to award the Mining Licence for the Manono Lithium and Tin Project to Dathcom Mining SA (Dathcom)
DRC Mining Code requires the Cadastre Minier (CAMI), operating under the supervision of the Minister of Mines, to calculate the surface rights fee and officially award the Mining Licence following the receipt of payment
AVZ’s Managing Director, Mr. Nigel Ferguson, said:
“The receipt of the Ministerial Decree to award the Mining Licence is leading to a watershed moment for AVZ and our partners, with the official award of the Mining Licence from CAMI expected in a matter of days."
5 months ago
FFSHeard somewhere Nigel is back in DRC.
he's got a big pineapple for Jean Felix Mupande.
Winenut
Go AVZ!
I didn't say we had relinquished 50% of the tenements. Others picked up some possible mining code issues.
I noted there seemed to be some possible changes in the size/boundaries but didn't know why or what or how much
I don't actually know what's going on at CAMI with regard to the tenements (unfortunately) and whether it's legal, approproriate, within the DRC mining guidelines or not
I certainly don't know if CDL under tenement 13359 is now not included but am concerned it may be at risk
And I've never cast an opinion as to whether Nigel (or anyone at AVZ) has played this well or otherwise
Does anyone know what progressing the study to a 'bankable' level means? Could this possibly be why there is extra drilling going on? Or does the confirmed Finance pre-requisite all but button this up?
From what I understand it’s a more thorough DFS including up to date figures.
Nigel’s had a completed BFS on his desk for over a year now so drilling has nada to do with it.
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