Carlos Danger
Top 20
It reads like it is at the ASX's discretion whether to enforce regardless of anyone's claims but you do you. Personally I think companies should have to disclose immediately even in suspension.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
C
ChrisU
Guest
I suggest anyone intending to record check the legality of
a.) can anyone stop you?
b.) if recorded without consent, can you share it beyond yourself without consent?
C
ChrisU
Guest
Your best tact is to be tactful
Frank
Top 20
*To add, I see where,Julien is keeping busy promoting project overseas (but where is mining licence surely he has input to decision)
The 8th edition of the Rebranding Africa Forum (RAF) will be held on Thursday 20 and Friday 21 October in Brussels (Belgium) on the theme "what strategies for attracting African countries". This event, considered the largest economic forum in Belgium dedicated to Africa, especially French-speaking, will be attended by Congolese speakers including Julien Paluku, Minister of Industry and Antony Nkinzo, Director General of the National Agency for Investment Promotion (ANAPI).
In addition to leading political actors, the RAF will also receive outstanding economic and technocratic actors, major banking institutions.
"It is a fact that Africa, endowed with envious potential, is attractive. But the African continent should no longer be seen simply as a dairy cow. Indeed, its diverse resources must now attract foreign capital and create wealth locally," say economic experts.
Thus, Minister Julien Paluku will be one of the keynote speakers at this forum because of his ambitious project to create an electric battery manufacturing plant with the strategic reserves of Congolese cobalt.
Something may have been lost in translation, what are economic and technocratic actors (sounds like politicians full of wind/shit)
Link Below
La RDC présente à la 8ème édition du Rebranding Africa Forum à Bruxelles
La 8ème édition du Rebranding Africa Forum (RAF) se tiendra jeudi 20 et vendredi 21 octobre à Bruxelles (Belgique) sur le thème « quelles stratégies d’attractivité des pays africains ». Cet évènement, considéré comme le plus grand Forum économique en Belgique consacré à l'Afrique, surtout...www.radiookapi.net
The mining sector looking for new investors
Tensions with local communities, environmental problems, labor law ... The presence of Chinese mining companies in the DRC - majority in the sector - have been the subject of many reports.
However, they remain preponderant.
Passing through France during an economic summit, Congolese actors in the sector called on European investors to come and invest in mines.
"You have to come, get involved with us!"
Vice-president of the Congolese House of Mines, John Kanyoni is the VRP of the sector during a round table in Paris.
"Europe has abandoned us, it has given way to China.
Today, our mining portfolio is 70% controlled by Chinese companies, but we also think that there is a good opportunity for Europeans to return home.
There is no question of questioning the partnership with the Chinese, but of creating new opportunities.
"We are not going to find ourselves in a position where we are going to say: no, we will question the contracts already signed by Chinese companies, no.
China was there when practically no one was interested in the DRC, says John Kanyoni.
What is important today is that there are other opportunities, including new mines where you have to do research.
Same message on the side of the Congolese authorities.
Minister of Mines Antoinette N’samba Kalambayi wishes to go ahead.
"We use any investor, all countries in the world to be able to come to the Democratic Republic of Congo, to be able to install their factories, because we need labor, much more of the technology of Western countries because We don't have it today.
Invest and together sign win-win partnerships.
However, according to the researcher of IFRI (French Institute of International Relations), Thierry Vircoulon, Chinese actors are not willing to leave themselves in this sector.
"They even try to strengthen their control, since, at the beginning of this year, there was the visit of the CEO of CMOC, owner of the great Mine of Tenke Fungurume, but also of the CEO of Catl one of the big companies in China who Produces electric batteries.
They went to Kinshasa to offer the opening of a new mine with an investment of around $1.8 billion for the Kisanfu mine, said the researcher and then there is a project under discussion for the creation of an electric battery manufacturing plant.
The researcher also adds that difficulties still slow down European investments: political and corruption risks, as well as, in certain sectors, child labor.
mediacongo
The mining sector looking for new investors
Invest and together sign win-win partnerships.
John25
Regular
Pending on announcements due in the next 4 or so weeks …wouldnt put anything past these share grabbing /selfish Pricks …
Maybe we need to enlist some special services to have a chat to Boatman. Babcock had some issues with them. Good news is they came out on top in the end.
"22 Dec 19. Babcock hunts down shadowy tormentor. Submarine and warship repairer Babcock believes it has identified the anonymous analyst behind a damaging attack on the company. Babcock, one of the Ministry of Defence’s biggest suppliers, was blindsided in October last year when a previously unknown organisation, Boatman Capital Research, published a highly critical dossier.
The report claimed the company had “systematically misled investors by burying bad news about its performance”, and called for the departures of chief executive Archie Bethel and then chairman Mike Turner.
The 23-page attack wiped more than 5%, or £130m, from the company’s market value. Babcock published a rebuttal, claiming the report contained “many false and malicious statements”.
The board hired the investigative firm Kroll to trace the author. It is believed to have identified David Robertson, a former journalist at The Times who worked at the corporate intelligence firm K2 and now runs his own company.
Babcock is believed to have written to Robertson, 46, warning him to cease and desist, but is not thought to be taking further action.
Robertson, whose outfit, Thirteen Research, conducts corporate investigations, could not be contacted for comment. Babcock, now chaired by Ruth Cairnie, declined to comment.
The hunt for Boatman intensified in May after it issued another report, accusing the FTSE 250 firm of “underperformance and overcomplexity”. That report centred on Babcock’s military vehicles division, but did not hit the share price as hard.
The email address behind Boatman was initially traced to a company in Panama. There were various theories about the people involved, ranging from short-sellers — which profit from declines in a company’s share price — to the Russian state.
Babcock’s shares have bounced back strongly since the summer, rising more than 40%. They closed on Friday at 606.8p, valuing the business at about £3.1bn."
"22 Dec 19. Babcock hunts down shadowy tormentor. Submarine and warship repairer Babcock believes it has identified the anonymous analyst behind a damaging attack on the company. Babcock, one of the Ministry of Defence’s biggest suppliers, was blindsided in October last year when a previously unknown organisation, Boatman Capital Research, published a highly critical dossier.
The report claimed the company had “systematically misled investors by burying bad news about its performance”, and called for the departures of chief executive Archie Bethel and then chairman Mike Turner.
The 23-page attack wiped more than 5%, or £130m, from the company’s market value. Babcock published a rebuttal, claiming the report contained “many false and malicious statements”.
The board hired the investigative firm Kroll to trace the author. It is believed to have identified David Robertson, a former journalist at The Times who worked at the corporate intelligence firm K2 and now runs his own company.
Babcock is believed to have written to Robertson, 46, warning him to cease and desist, but is not thought to be taking further action.
Robertson, whose outfit, Thirteen Research, conducts corporate investigations, could not be contacted for comment. Babcock, now chaired by Ruth Cairnie, declined to comment.
The hunt for Boatman intensified in May after it issued another report, accusing the FTSE 250 firm of “underperformance and overcomplexity”. That report centred on Babcock’s military vehicles division, but did not hit the share price as hard.
The email address behind Boatman was initially traced to a company in Panama. There were various theories about the people involved, ranging from short-sellers — which profit from declines in a company’s share price — to the Russian state.
Babcock’s shares have bounced back strongly since the summer, rising more than 40%. They closed on Friday at 606.8p, valuing the business at about £3.1bn."
Tanganyka: Lithium Project blocking the AVZ, Jean-Félix Mupande, the Chinese Cong Mao Huai (SimonCong) or the Congolese government?
October 17, 2022Kiki Kienge
By Kiki Kienge
In the province of Tanganyika in Manono, the discovery of the largest hard rock lithium deposit in the world of 132 million exploitable tons over an area of 188 km², must be a priority and an opportunity for the population of this corner of the DRC. Who for years seems to sink more and more into misery. Tanganyika and Haut-Lomami unlike the two sisters Haut Katanga and Lualaba, in terms of development, nothing seems to be moving positively.
But now the project seems to be falling further and further behind, a delay that does not speak its name. Mafia, conflict between the past and present regime, corruption, war between foreign powers Chinese and Australian?
In its genesis, the Manono Lithium project was a joint venture agreement in 2016 between COMINIERE (a Congolese state-owned company) and the Mauritian company MMCS STRATEGIC under operating permit no. 12202 in Katanga for the exploitation of tin, wolframite, coltan and lithium. But the Minister of Mines at the time withdrew the exploration permit to the Mauritian company MMCS on the grounds that the latter had not carried out agreed works on the concession. In reality, the MMCS company did not have any technical capacity, but wanted to take possession of the license for the deposit in order to speculate on the stock market.
A joint venture agreement was then signed between the Australians of AVZ MINERALS with 60%, the Congolese COMINIERE with 30% and 10% with the DATHOMIR MINING RESOURCES SARL a company of the Chinese Cong Mao Huai owner of Fleuve Congo Hotel and very close of the Kabila family.
The Australians of AVZ Minerals, majority in the partnership with the Chinese of Yibin Tianyi Lithium Industry Co and Huayou International Mining (Hong Kong), have already undertaken on their side the rehabilitation and construction of roads, bridges and other infrastructures necessary for the exploitation lithium, from which the population of Tanganyika would also benefit.
The rehabilitation of the Mpiana-Mwanga hydroelectric power plant should begin with the obtaining of the operating permit by the Congolese government which is still in the drawers of Kinshasa:
Blocking
There is the legal battle between Chinese mining giant Zijin and Australia's AVZ Minerals for control of the Manono mine.
DATHOMIR MINING RESOURCES SARL (Simon Cong) of the Chinese Cong Mao Huai who owned 10% in the joint venture contract with AVZ and COMINIERE, in 2020 DATHOMIR MINING RESOURCES SARL its 10% for a value of 15.5 million US dollars to AVZ, which notably buys 5% from COMINIERE. AVZ Minerals thus holds 75% and 25% by COMINIERE SA.
But in the meantime COMINIERE sells 15% of its shares in DATHCOM Mining to ZIJIN Mining, fraudulently in agreement with its acting director:
“The sale of the 15% of COMINIERE's shares in DATHCOM Mining to ZIJIN Mining was carried out in violation of the legal provisions on the withdrawal of the State from the companies in the portfolio. » IGF
Here, after the release of the said feasibility study, DATHOMIR, who had sold his shares regularly to AVZ, given the increase in the value of the project, SimonCong, owner of DATHOMIR, changed his position and decided to prosecute COMINIERE, AVZ and DATHCOM Mining thus claiming 50 Million US dollars, alleging the irregularity of the purchase of the sale of its own company shares to AVZ.
Since then, the AVZ operating permit, which should allow the start of work and the exploitation of lithium, has been blocked by Kinshasa. Accusations against Jean-Félix Mupande DG of CAMI who would even defy the Congolese government not to give the permit to AVZ, but if so, who would be behind Jean-Félix Mupande?
The report of the IGF on the situation of the sale of the shares of the COMIERE which would give more right to the Australians of the AVZ, seems to be ignored if not neglected by the Congolese government.
In the meantime the Congolese State and the Australian company AVG are losing millions of American dollars, the hope of the people of Tanganyika who live in misery for development for their province and for the creation of jobs is diminishing every day. A population that seems to be ignored, which remains a victim of this war of interests of a few people.
Der Geist
Regular
I think it’s complex, where is the better Good? But when was AVZ going to reveal the “spurious”. Nigel can not appeal to “spurious” as equal to ‘supposition’. That’s what AVZ has been appealing to all along, but that’s not necessarily an objective test for ASX or legal eagles. Obviously what provoked AVZ to suspend trading probably relied on a tenement carve up issue as some claim?
I thought you sold all your shares
LOCKY82
Regular
Saw this, seemed a tad desperate to me, jfmk doesn't seem worth trying to interact with
John25
Regular
Do what you got to do Nut …I’ll organise the clean up buddyDoes it seem to anyone else that all the blowins have started to blow in again?
Der Geist
Regular
They should reverse the last lot. I recall Elphamale made a comparison to what AKE (producer) directors
gave themselves. AVZ PRs was fatter.
This is definitely a talking point for the AGM
History shows that’s normally a bullish signal!!Does it seem to anyone else that all the blowins have started to blow in again?
Giddy up!!!
Let’s Goooooooooooo
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