Frank
Top 20
*To Remind,
Experts from sectoral Ministries, the Presidency of the Republic, the Prime Minister’s office and employers’ organizations including FEC and FENAPEC met, around Minister of Industry Julien Paluku, in Kinshasa as a prelude to the upcoming holding in the Congolese capital of Business Forum.
These meetings will focus on the theme: “DRC Business Forum: developing a value chain and a market for electric batteries and renewable energies in Africa.”
The objective is to mobilize the various partners to launch the transformation of Lithium based in the territory of Manono in Tanganyika and other natural resources abounding in the country, with the installation of transformation factories.
Speaking on this occasion, Julien Paluku Kahongya, Minister of Industry, recalled the importance of a paradigm shift to allow the DRC to start the process of transforming its materials at the local level.
“The first world reserve of lithium after Australia, it is the DRC.
It is in the province of Tanganyika in the territory of Manono where we have nearly 16 million pounds.
The DRC, which is the main producer, must change the management paradigms of our natural resources as the President of the Republic wants.
We must start to exploit our own wealth by transforming it on the spot , to set up factories that are elsewhere in the Congo, “said Julien Paluku.
The latter thinks that the establishment of raw material processing plants at the local level will promote the creation of several jobs.
“When we only export raw materials, we create jobs elsewhere instead of at home. It is to fight unemployment. It is the same with gold. We produce gold, while the gold smelters are in neighboring countries. While they have no gold deposits, “he said.
In addition, the Economic Affairs Officer of the United Nations Economic Commission for Central Africa, Jean-Marc Kilolo, finds that lobbying with African financiers and elsewhere as well as international industrialists would do the trick for the creation of local industries.
“We should mobilize both the national side but also international financiers. We think of African financiers, elsewhere and international manufacturers.
We should convince them to change their business model.
No longer just take minerals from the Congo but also create wealth for the well-being of the Congolese nation.
The Congo is the world’s largest reserve of lithium, “he suggests.
The establishment of processing plants at the local level by the DRC, which holds the largest reserve of lithium, a strategic mineral for the manufacture of batteries, will promote job creation.
May 7, 2021 Janet
“The Draft Decree approving the Cooperation Agreement signed between the Government of the Democratic Republic of the Congo and the firm AVZ MINERALS LTD as well as the Draft Cooperation Agreement between the Government of the Democratic Republic of the Congo and the firm AVZ MINERALS LTD on a cooperation project were presented to the Council by the Minister of Industry.
These two texts were referred to the competent interministerial Commission before its return to the Council of Ministers for adoption “, indicates the report of the Council of ministers.
Recall that Julien Paluku had already signed in February 2020 in Kinshasa, a memorandum of understanding with the company AVZ Minérale, a partner of Cominiere (a public mining company created from the ashes of the former Zairetain) for the creation of a Special Economic Zone in Manono.
It is the second special economic zone to be created after that of Maluku in Kinshasa.
The province of Tanganyika is a mining area.
At the end of November 2018, the company AVZ Minerals declared a reserve of 6.6 million tonnes of lithium on the Manono deposit, in the former province of Katanga, still under exploration.
The province of Tanganyika is open to East Africa via Tanzania which exports several goods to the DRC.
May 9, 2021 arnbethnic
The latest step in this process has been signing of the final written Environmental and Social Impact Assessment by the Direction de Protection de l’Environnement Minier (DPEM) under the authority of the DRC Ministry of Mines.
AVZ has been actively engaged with the DRC Government on all permitting and licence requirements for the project and has exercised its option to acquire Dathomir’s 15% shareholding in Dathcom Mining, increasing the company’s interest to 75%.
“DPEM approval of the final ESIA, which is executed by the President of the Evaluation Committee for the Ministry of Mines, is a highly encouraging development and signifies the DRC Government’s wider support for the Manono Project.
“All of the pending permit requirements, including the Mining Licence, Mpiana Mwanga Hydro-Electric Power Plant (HEPP) agreement, collaboration development agreement and the proposed Manono Special Economic Zone (MSEZ) is on track and the company is rapidly progressing towards finalising a bankable feasibility study and securing project financing, with a final investment decision expected in Q4 2021.”
Ferguson continued: “All factors are aligning around our project financing discussions, with the project on the cusp of reaching a bankable status and intense global interest in the green battery minerals sector.”
The delegation provided unanimous support of the Manono Project based on the body of work completed by AVZ, which was submitted to the meeting of multi-sectorial Ministers with the objective of considering the Collaboration Development Agreement between the DRC Government and AVZ.
A decision around the proposed MSEZ is expected shortly after finalising the Collaboration Development Agreement, which will require provision of further detailed financial information and investor considerations in the MSEZ.
AVZ continues to enjoy a supportive, collaborative and cooperative working relationship with the DRC Government officials and is highly confident of receiving all necessary permitting and licencing requirements for the Manono Project.
A meeting of the Council of Ministers is scheduled to occur in the coming weeks resulting in a final decision on the collaboration development agreement, which encompasses support of the development of natural resources (mining and transformation industries) and infrastructure (roads, water and electricity).
All factors are aligning around our project financing discussions, with the project on the cusp of reaching a bankable status and intense global interest in the green battery minerals sector.
August 18, 2021 Janet
Local Lithium processing plants at the basis of exchanges between Julien Paluku and several experts
Experts from sectoral Ministries, the Presidency of the Republic, the Prime Minister’s office and employers’ organizations including FEC and FENAPEC met, around Minister of Industry Julien Paluku, in Kinshasa as a prelude to the upcoming holding in the Congolese capital of Business Forum.
These meetings will focus on the theme: “DRC Business Forum: developing a value chain and a market for electric batteries and renewable energies in Africa.”
The objective is to mobilize the various partners to launch the transformation of Lithium based in the territory of Manono in Tanganyika and other natural resources abounding in the country, with the installation of transformation factories.
Speaking on this occasion, Julien Paluku Kahongya, Minister of Industry, recalled the importance of a paradigm shift to allow the DRC to start the process of transforming its materials at the local level.
“The first world reserve of lithium after Australia, it is the DRC.
It is in the province of Tanganyika in the territory of Manono where we have nearly 16 million pounds.
The DRC, which is the main producer, must change the management paradigms of our natural resources as the President of the Republic wants.
We must start to exploit our own wealth by transforming it on the spot , to set up factories that are elsewhere in the Congo, “said Julien Paluku.
The latter thinks that the establishment of raw material processing plants at the local level will promote the creation of several jobs.
“When we only export raw materials, we create jobs elsewhere instead of at home. It is to fight unemployment. It is the same with gold. We produce gold, while the gold smelters are in neighboring countries. While they have no gold deposits, “he said.
In addition, the Economic Affairs Officer of the United Nations Economic Commission for Central Africa, Jean-Marc Kilolo, finds that lobbying with African financiers and elsewhere as well as international industrialists would do the trick for the creation of local industries.
“We should mobilize both the national side but also international financiers. We think of African financiers, elsewhere and international manufacturers.
We should convince them to change their business model.
No longer just take minerals from the Congo but also create wealth for the well-being of the Congolese nation.
The Congo is the world’s largest reserve of lithium, “he suggests.
The establishment of processing plants at the local level by the DRC, which holds the largest reserve of lithium, a strategic mineral for the manufacture of batteries, will promote job creation.
May 7, 2021 Janet
DRC Council of Ministers approves the draft decree relating to collaboration between Govt and AVZ MINERALS LTD
The second meeting of the Council of Ministers held on Friday, May 08, approved the Draft Decree approving the collaboration agreement signed between the government of the DRC and the firm AVZ MINERALS LTD. This draft decree presented by the Minister of Industry, Julien Paluku, was referred to the competent interministerial Commission before its return to the Council of Ministers for adoption.“The Draft Decree approving the Cooperation Agreement signed between the Government of the Democratic Republic of the Congo and the firm AVZ MINERALS LTD as well as the Draft Cooperation Agreement between the Government of the Democratic Republic of the Congo and the firm AVZ MINERALS LTD on a cooperation project were presented to the Council by the Minister of Industry.
These two texts were referred to the competent interministerial Commission before its return to the Council of Ministers for adoption “, indicates the report of the Council of ministers.
Recall that Julien Paluku had already signed in February 2020 in Kinshasa, a memorandum of understanding with the company AVZ Minérale, a partner of Cominiere (a public mining company created from the ashes of the former Zairetain) for the creation of a Special Economic Zone in Manono.
It is the second special economic zone to be created after that of Maluku in Kinshasa.
The province of Tanganyika is a mining area.
At the end of November 2018, the company AVZ Minerals declared a reserve of 6.6 million tonnes of lithium on the Manono deposit, in the former province of Katanga, still under exploration.
The province of Tanganyika is open to East Africa via Tanzania which exports several goods to the DRC.
May 9, 2021 arnbethnic
AVZ Minerals’ Manono Lithium and Tin Project on cusp of reaching bankable status
AVZ Minerals Ltd is only weeks away from receiving all permits and licences required before making a final investment decision for the development of Manono Lithium and Tin Project in the Democratic Republic of Congo (DRC).The latest step in this process has been signing of the final written Environmental and Social Impact Assessment by the Direction de Protection de l’Environnement Minier (DPEM) under the authority of the DRC Ministry of Mines.
AVZ has been actively engaged with the DRC Government on all permitting and licence requirements for the project and has exercised its option to acquire Dathomir’s 15% shareholding in Dathcom Mining, increasing the company’s interest to 75%.
Progressing towards finalising BFS
AVZ managing director Nigel Ferguson said the company was executing on its strategy on all fronts to maximise shareholder value, increase its equity share in the Manono Project to 75% and receive Ministry of Mines written approval for its final ESIA in relation to its Mining Licence submission.“DPEM approval of the final ESIA, which is executed by the President of the Evaluation Committee for the Ministry of Mines, is a highly encouraging development and signifies the DRC Government’s wider support for the Manono Project.
“All of the pending permit requirements, including the Mining Licence, Mpiana Mwanga Hydro-Electric Power Plant (HEPP) agreement, collaboration development agreement and the proposed Manono Special Economic Zone (MSEZ) is on track and the company is rapidly progressing towards finalising a bankable feasibility study and securing project financing, with a final investment decision expected in Q4 2021.”
Ferguson continued: “All factors are aligning around our project financing discussions, with the project on the cusp of reaching a bankable status and intense global interest in the green battery minerals sector.”
Licensing and permitting
The process for the award of the Permis d’Exploitation (PE or Mining Licence) requires: –- Environmental approval of the ESIA report by DPEM – which has been completed and received;
- Technical approval of the DFS report by the Directorate of Mines – currently under review and progressing very well; and
- Cadastre Minier (CAMI) approval – no issue expected.
Meeting of ministers to take place
Earlier this month, company representatives met with a high-ranking DRC Government delegation which included senior advisors to the President of Mines & Energy, Ministry of Industry, Ministry of Mines, Ministry of Planning & Ministry of Finance.The delegation provided unanimous support of the Manono Project based on the body of work completed by AVZ, which was submitted to the meeting of multi-sectorial Ministers with the objective of considering the Collaboration Development Agreement between the DRC Government and AVZ.
A decision around the proposed MSEZ is expected shortly after finalising the Collaboration Development Agreement, which will require provision of further detailed financial information and investor considerations in the MSEZ.
AVZ continues to enjoy a supportive, collaborative and cooperative working relationship with the DRC Government officials and is highly confident of receiving all necessary permitting and licencing requirements for the Manono Project.
A meeting of the Council of Ministers is scheduled to occur in the coming weeks resulting in a final decision on the collaboration development agreement, which encompasses support of the development of natural resources (mining and transformation industries) and infrastructure (roads, water and electricity).
Financing discussions
AVZ is actively engaged with various commercial banks, finance brokers, private equity investors and non-commercial lenders such as Pan-African Development Finance Institutions (DFI’s) to secure funding for the development of the Manono Project.All factors are aligning around our project financing discussions, with the project on the cusp of reaching a bankable status and intense global interest in the green battery minerals sector.
August 18, 2021 Janet
