AVZ Discussion 2022
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JAG
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Jean-Félix Mupande Kafwa, the untouchable and irremovable would he have become the emperor owner of the mining cadastre?
October 18, 2022Kiki Kienge
By Kiki Kienge
"And Jean-Félix Mupande Kapwa remained in his position as CEO of CAMI."
Director General of the CAMI (Mining Cadastre) for 17 years (since my presidency of 1+4), he seems to be the emperor for life for this state institution.
Despite a presidential order from Joseph Kabila, Jean-Félix Mupande Kapwa remained in his position as DG of the mining cadastre with the blessing of the minister at the time, Martin Kabwelulu thus violating the presidential order.
Under the reign of Felix Tshisekedi, who advocates the rule of law, Minister Willy Kitobo had tried to implement the presidential decree suspending Jean-Félix Mupande Kapwa for "insubordination", but now the Prime Minister himself, Ilunga Ilunkamba came to the rescue of his brother, reminding me Minister of Mines Willy Kitobo to "order", not to say disorder. "And Jean-Félix Mupande remained in his position as CEO of CAMI."
"The work of control of the management of the mining cadastre carried out by my auditors indicated several dysfunctions in this service of the Ministry of Mines which find the origin in the centralization of power around the Director General who decides alone without consulting the guardianship and even his own collaborators (...)", we can read in the correspondence of Thursday, January 07 of Minister Kitobo.
Arrived the turn of the Warriors of Sama Lukonde Kyenge, the new Minister of Mines Antoinette N'samba Kalambayi wanted in turn to put order in the disorder that has been at the head of the mining cadastre for at least 3 years. This time again as if by miracle, Jean-Félix Mupande had another guardian angel named Sama Lukonde Kyenge who will protect him from the rigor of Antoinette N'samba Kalambayi. "And Jean-Félix Mupande remained in his position as CEO of CAMI."
Chantal Lembo Bashizi, who has since been appointed head of the mining cadastre, has never taken office, unlike the representatives appointed by the same presidential order. It is a series of Novellas of the postponement of the handover and resumption between Jean-Félix Mupande and Chantal Lembo Bashizi Lembo that follow and maintain to this day Jean-Félix Mupande at the helm of CAMI.
But here is that the rigorous Minister of Mines, Antoinette N'samba Kalambayi maintains her decision to deprive Jean-Félix Mupande the right to engage the Mining Cadastre, it would be according to many sources at the base of the blockade (refusal since linked to the Chinese Cong Mao Huai "SimonCong" who fights AVZ?) despite the OK of the Ministry of Mines, to obtain the operating permit to the Australians of the AVZ in order to start lithium production in Tanganyika province. Already millions of US dollars committed to this project by AVZ, each of delay makes lose even more millions to investors and the Congolese State.
Recall that the exploitation of lithium in Manono in Tanganyika will generate more than 500 direct jobs and 2000 to 5000 indirect, an unexpected boon for the population of this province which sinks more and more into total misery despite its mineral and natural resources.
And Jean-Félix Mupande Kapwa remained in his position as CEO of CAMI.
fuck me the waiting is getting harder. markets look ready for a short term rip higher. I'm not religious but certainly have increased my prayers to a greater being of avz getting something positive out near term. I read all the negativity towards mgmt, for now, my approach is to hear/see what they come out with before being too critical. of course they need to do a lot of explaining, I hope they have set aside a good 4hrs+ for the roadshows.
AVZ Minerals doesn't mean sh1t to this guy . He's too busy travelling around the world , meeting world leaders . All he knows is he's got one big mother f--king Lithium deposit on his hands . If this CAMI dude doesn't want hand over the ML then we are f--ked . I'm hoping we have "Already" been able to work something out with this corrupt prick and Cong c--t to the benefit of AVZ which will be revealed at the Road Show . If Nige and team start with , talks are progressing well , then they may as well just stop the meeting , start serving drinks and let everyone get shit faced . Talk about the world cup or the price of milk . We are going to know in a couple of weeks if AVZ minerals has a future or not . Very exciting . As Johnny Clarke said in the Annual Report , " We eagerly await the granting of "OUR" mining licence for "OUR" world class Manono Lithium and Tin Project . Not "the" ML . I don't think many picked up on that .
Carlos Danger
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Even Kabila wanted this clown gone yet he is still running the show. I was beginning to think he had nudes on Felix but it looks like he is just slicker than teflon no matter who the president is.
In a way I actually admire his ability to repeatedly get fired and give zero fucks about anything but his snack habit. We could use someone with his tenacity on AVZ's board.
Maybe he just getting his frequent flier points up for a free flight to Oz to join Nigel at the roadshows!
He's a fucken site flasher than George castanza ill give him that. But there is something wrong with that.
That's my thinking as well . Why has the Cong case taken so long ? Road Show ?? Time to pay the piper . I'm going with US $50 - $100 mil . 100 - 200mil new shares .
Winenut
GO AVZ!!!!
Didn't Chris Ellison / MinRes do the same thing to Pilbara Minerals just before they got their licence? Something to do with a ROFR claim tied to a tenement bought by PLS.
I think PLS ended up settling for a similar chunk.
Winenut
GO AVZ!!!!
Details and evidence or conjecture and opinion?
Frank
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MMG promises to launch arbitration proceedings against GECAMINES
MMG, a mining company registered in Hong Kong, announced a few hours ago its intention to open arbitration proceedings before the International Chamber of Commerce in Paris and Geneva against GECAMINES, a mining company belonging to Congolese state.
GECAMINES is accused by the Chinese side of violating the rights of the latter on several mining concessions in the former province of Katanga.
Among the grievances formulated against GECAMINES, MMG refers to the incident which occurred on September 16, 2022 following the incursion into the Nambulwa concession by the armed forces who chased away, a few days later, the regularly installed staff.
If MMG employees and contractors have been able to return to the site since September 28, 2022, the DRC armed forces would still be on the scene.
The second incident relates to the Sokoroshe II concession where the same scenario would have taken place a little earlier, on July 1, 2022, with the company’s employees and other contract workers who, in fact, were unable to return to the site, prevented by the military.
In both cases, the company indicates that it has been informed of the conclusion of various agreements between GECAMINES and third-party companies, allowing the latter to carry out activities in the areas in question.
These areas would however be part of mining leases concluded with GECAMINES and should allow MMG to increase copper production at Kinsevere, its only mine operated in the DRC.
According to the mining company, GECAMINES justifies these actions by violations of mining agreements by MMG.
As a reminder, the Kinsevere copper mine entered production in 2017. It delivered 22,090 tonnes of copper cathodes in the first half of 2022.
MMG announced, in March 2022, a project of 550 to 600 million USD intended in particular to extend the life of the mine by 13 years from 2022, with an annual production of 80,000 tons of copper cathodes and 4 to 6,000 tons of cobalt hydroxide.
copperbeltkatangamining
Investing in Africa, theme at the FT AFRICA SUMMIT in London where the PR @fatshi13 paints the attractive economic environment of the DRC and the efforts undertaken by the Gvrnmt @LukondeSama to improve the business climate.
The DRC is waiting for you, message to investors #Africasummit
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