AVZ Discussion 2022
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Retrobyte
Hates a beer
Lithium not mentioned ....
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Tantalex Lithium Resources has been awarded a mining license for its TiTan project in the Manono region of the DR Congo.
The TiTan project sits in the Manono "pegmatite corridor", some 30km southwest of Manono, a mining site that was exploited for cassiterite and columbite-tantalite between 1913 and the 1980s. Recent work suggests that the mineralisation extends southwest of the mine; Tantalex plans to work on this previously untapped potential.
The company has been working to progress the project quickly. Already, the concentration plant has been tested in Manono and is ready for assembly on site. Production is scheduled to commence in March 2023, with output forecast at 120tpm tin concentrate and 20tpm tantalum concentrate.
Tantalex is also developing the Manono Tailings project, which plans to rework the waste from the historic mine to recover lithium and tin.
Our view: TiTan is likely to be a small-scale, low cost, highly mobile operation - well suited to the challenges of the modern mining space. Although this project itself won't help tip the balance of the tin market, according to Tantalex Chairman Hadley Natus, "this is likely only the first of many more that we will install". TiTan could be the pilot plant of a series of operations, which could help to reduce the forecast shortfall in the tin market this decade.
Tantalex gets the go-ahead in Manono
Tantalex Lithium Resources has been awarded a mining license for its TiTan project in the Manono region of the DR Congo. The TiTan project sits in the Manono "pegmatite corridor", some 30km southwest of Manono, a mining site that was exploited for cassiterite and columbite-tantalite between 1913 and
Tantalex gets the go-ahead in Manono
- Published on November 4, 2022
International Tin Association Ltd
2,069 followers
Follow
Tantalex Lithium Resources has been awarded a mining license for its TiTan project in the Manono region of the DR Congo.
The TiTan project sits in the Manono "pegmatite corridor", some 30km southwest of Manono, a mining site that was exploited for cassiterite and columbite-tantalite between 1913 and the 1980s. Recent work suggests that the mineralisation extends southwest of the mine; Tantalex plans to work on this previously untapped potential.
The company has been working to progress the project quickly. Already, the concentration plant has been tested in Manono and is ready for assembly on site. Production is scheduled to commence in March 2023, with output forecast at 120tpm tin concentrate and 20tpm tantalum concentrate.
Tantalex is also developing the Manono Tailings project, which plans to rework the waste from the historic mine to recover lithium and tin.
Our view: TiTan is likely to be a small-scale, low cost, highly mobile operation - well suited to the challenges of the modern mining space. Although this project itself won't help tip the balance of the tin market, according to Tantalex Chairman Hadley Natus, "this is likely only the first of many more that we will install". TiTan could be the pilot plant of a series of operations, which could help to reduce the forecast shortfall in the tin market this decade.
Bin59
Regular
Svetlana asked Papy for a translation, he said it was rushed, but here is his reply:
Misfits
Regular
Translation from Papy Lefool
/2
She talks about lithium, says they would like that ‘chaine de valeur de lithium’ be put in either one of these provinces. important bit is at the end she asks to know who is involved in the lithium explotation and are they serious candidates. If yes then locals will support!
Retrobyte
Hates a beer
At the roadshows it was indicated that the locals in Manono are strong supporters of AVZ because of employment and the flow on benefits to local businesses and infrastructure improvements
Chilla
Regular
It’s a different tenement south west of Manono….not the tailings project on top of AVZ tenementLithium not mentioned ....
Tantalex gets the go-ahead in Manono
Tantalex Lithium Resources has been awarded a mining license for its TiTan project in the Manono region of the DR Congo. The TiTan project sits in the Manono "pegmatite corridor", some 30km southwest of Manono, a mining site that was exploited for cassiterite and columbite-tantalite between 1913 and
Tantalex gets the go-ahead in Manono
- Published on November 4, 2022
International Tin Association Ltd
2,069 followers
Follow
Tantalex Lithium Resources has been awarded a mining license for its TiTan project in the Manono region of the DR Congo.
The TiTan project sits in the Manono "pegmatite corridor", some 30km southwest of Manono, a mining site that was exploited for cassiterite and columbite-tantalite between 1913 and the 1980s. Recent work suggests that the mineralisation extends southwest of the mine; Tantalex plans to work on this previously untapped potential.
The company has been working to progress the project quickly. Already, the concentration plant has been tested in Manono and is ready for assembly on site. Production is scheduled to commence in March 2023, with output forecast at 120tpm tin concentrate and 20tpm tantalum concentrate.
Tantalex is also developing the Manono Tailings project, which plans to rework the waste from the historic mine to recover lithium and tin.
Our view: TiTan is likely to be a small-scale, low cost, highly mobile operation - well suited to the challenges of the modern mining space. Although this project itself won't help tip the balance of the tin market, according to Tantalex Chairman Hadley Natus, "this is likely only the first of many more that we will install". TiTan could be the pilot plant of a series of operations, which could help to reduce the forecast shortfall in the tin market this decade.
Retrobyte
Hates a beer
Nigel explained at the RS that the damage to the cruiser and drill rig were not the work of an anti-AVZ group. The reason is not known for certain, however one possibility is that one of the contract drillers did something to upset the locals while in town after work, so some of them decided to take their anger out on his drill rig and the cruiser. The drillers have been instructed to stay in their on site accommodation after hours from now on to avoid any further issues. Nige said the local police and military responded and came to the minesite very quickly once notified.
Samus
Top 20
This part of the below article should be interesting to anyone who attended the roadshows with regards to Nigel's version of events and the twisted narrative of the Minister of Portfolio:
The Office of Her Excellency the Minister of State, Minister of Portfolio, recalls with regard to the dispute between DATHOMIR and AVZ, the following:
Under two share sale contracts entered into in June 2019 and August 2020, AVZ INTERNATIONAL PTY LTD acquired 15% of DATHCOM MINING shares held by DATHOMIR MINING RESOURCES SARLU at the price of
21.0. 000 US. But, towards the end of 2020, a stock market announcement from AVZ revealed an agreement to sell its own 24% shares in DATHCOM MINING SA to the company Cath Energy at a price of US$240,000,000.
This strong disproportion between the two prices led DATHOMIR to request, by its letter of December 31, 2020, the valuation of its 15% of shares to protect itself from the possible risks of injury and even significant tax adjustments.
Given the refusal of AVZ INTERNATIONAL PTY LTD, DATHOMIR terminated the contracts on May 14, 2021.
After termination, AVZ INTERNATIONAL, after payment of a deposit of USD 1.0,000, attempted to pay USD 20,000,000, a sum which was immediately returned to it.
Curiously, by fraud, the CEO of DATHCOM obtained from the Principal Registrar of the Single Window for Business Creation, Lubumbashi Branch, a share certificate and a register of associates of DATHCOM MINING SA dated August 31 and 1 September 2021 according to which AVZ INTERNATIONAL PTY LTD would have become the holder of 75% of the shares of DATHCOM MINING SA,
that is to say the 15% of DATHOMIR MINING included despite the termination of the contracts and the restitution of 20,000,000 US$.
Cited by DATHOMIR MINING RESOURCES SARLU before the TGI/Lubumbashi under RP 14944 for forgery, the CEO of DATHCOM MINING SA, the Principal Registrar of the Single Window for Business Creation and the civilly liable DATHCOM MINING SA were sentenced respectively to 3 years in firm main penal servitude, 1 year suspended SPP and 50,000,000 US dollars for DI on the basis of the judgment of December 24, 2021.
The CEO of DATHCOM MINING SA, the Principal Registrar of the Single Window had appealed against this judgment before the Court of Appeal of Lubumbashi under RPA 7610.
The Court of Appeal of Lubumbashi condemned the CEO of DATHCOM MINING to 3 years of SPP and DATHCOM MING SA to 25,000,000 $US in damages.
In addition, the Commercial Court of Lubumbashi, seized under RAC 2858, ordered the suspension of the payment of the amount of US$20,000,000, and this, while waiting for the ICC, arbitration judge chosen by the parties, to rule on the decision. termination of two aforementioned contracts for the sale of shares between AVZ and DATHOMIR.
For the Ministry of Portfolio representing the interests of the State, the share capital of DATHCOM Mining is distributed as follows:
- AVZ International: 60% instead of 75%
- DATHOMIR MINING Resource SARLU: 15%
- COMINIERE: 25 of which 15% were sold ZI JING and 5% to MMCS
The State shareholder, expects, in accordance with Article 71 of the Mining Code, to obtain the transfer of 10% non-dilutable of the share capital, percentage to be distributed in proportion to the shares of each shareholder, after transformation of the exploration permit (PR13359) into operating license.
laprosperite.online
Either she's got nfi what's actually going on and AVZ needs to send a representative to get her up to date with the facts.
Or more likely she's corrupt as all get out.
The Office of Her Excellency the Minister of State, Minister of Portfolio, recalls with regard to the dispute between DATHOMIR and AVZ, the following:
Under two share sale contracts entered into in June 2019 and August 2020, AVZ INTERNATIONAL PTY LTD acquired 15% of DATHCOM MINING shares held by DATHOMIR MINING RESOURCES SARLU at the price of
21.0. 000 US. But, towards the end of 2020, a stock market announcement from AVZ revealed an agreement to sell its own 24% shares in DATHCOM MINING SA to the company Cath Energy at a price of US$240,000,000.
This strong disproportion between the two prices led DATHOMIR to request, by its letter of December 31, 2020, the valuation of its 15% of shares to protect itself from the possible risks of injury and even significant tax adjustments.
Given the refusal of AVZ INTERNATIONAL PTY LTD, DATHOMIR terminated the contracts on May 14, 2021.
After termination, AVZ INTERNATIONAL, after payment of a deposit of USD 1.0,000, attempted to pay USD 20,000,000, a sum which was immediately returned to it.
Curiously, by fraud, the CEO of DATHCOM obtained from the Principal Registrar of the Single Window for Business Creation, Lubumbashi Branch, a share certificate and a register of associates of DATHCOM MINING SA dated August 31 and 1 September 2021 according to which AVZ INTERNATIONAL PTY LTD would have become the holder of 75% of the shares of DATHCOM MINING SA,
that is to say the 15% of DATHOMIR MINING included despite the termination of the contracts and the restitution of 20,000,000 US$.Cited by DATHOMIR MINING RESOURCES SARLU before the TGI/Lubumbashi under RP 14944 for forgery, the CEO of DATHCOM MINING SA, the Principal Registrar of the Single Window for Business Creation and the civilly liable DATHCOM MINING SA were sentenced respectively to 3 years in firm main penal servitude, 1 year suspended SPP and 50,000,000 US dollars for DI on the basis of the judgment of December 24, 2021.
The CEO of DATHCOM MINING SA, the Principal Registrar of the Single Window had appealed against this judgment before the Court of Appeal of Lubumbashi under RPA 7610.
The Court of Appeal of Lubumbashi condemned the CEO of DATHCOM MINING to 3 years of SPP and DATHCOM MING SA to 25,000,000 $US in damages.
In addition, the Commercial Court of Lubumbashi, seized under RAC 2858, ordered the suspension of the payment of the amount of US$20,000,000, and this, while waiting for the ICC, arbitration judge chosen by the parties, to rule on the decision. termination of two aforementioned contracts for the sale of shares between AVZ and DATHOMIR.
For the Ministry of Portfolio representing the interests of the State, the share capital of DATHCOM Mining is distributed as follows:
- AVZ International: 60% instead of 75%
- DATHOMIR MINING Resource SARLU: 15%
- COMINIERE: 25 of which 15% were sold ZI JING and 5% to MMCS
The State shareholder, expects, in accordance with Article 71 of the Mining Code, to obtain the transfer of 10% non-dilutable of the share capital, percentage to be distributed in proportion to the shares of each shareholder, after transformation of the exploration permit (PR13359) into operating license.
Controverse autour de l’exploitation du Lithium, RDC : Adèle Kayinda calme les Députés du Tanganyika et de Haut Lomami !
*Hier, lundi 7 novembre 2022, Adèle Kayinda, Ministre d’Etat, Ministre du Portefeuille, a eu des échanges francs et directs avec les Députés de Tanganyika et de Haut Lomami autour de l’épineuse question aussi bien de l’exploitation du Lithium au Tanganyika et Haut...
Either she's got nfi what's actually going on and AVZ needs to send a representative to get her up to date with the facts.
Or more likely she's corrupt as all get out.
Last edited:
Remark
Top 20
Literally unbelievable.This part of the below article should be interesting to anyone who attended the roadshows with regards to Nigel's version of events and the twisted narrative of the Minister of Portfolio:
The Office of Her Excellency the Minister of State, Minister of Portfolio, recalls with regard to the dispute between DATHOMIR and AVZ, the following:
Under two share sale contracts entered into in June 2019 and August 2020, AVZ INTERNATIONAL PTY LTD acquired 15% of DATHCOM MINING shares held by DATHOMIR MINING RESOURCES SARLU at the price of
21.0. 000 US. But, towards the end of 2020, a stock market announcement from AVZ revealed an agreement to sell its own 24% shares in DATHCOM MINING SA to the company Cath Energy at a price of US$240,000,000.
This strong disproportion between the two prices led DATHOMIR to request, by its letter of December 31, 2020, the valuation of its 15% of shares to protect itself from the possible risks of injury and even significant tax adjustments.
Given the refusal of AVZ INTERNATIONAL PTY LTD, DATHOMIR terminated the contracts on May 14, 2021.
After termination, AVZ INTERNATIONAL, after payment of a deposit of USD 1.0,000, attempted to pay USD 20,000,000, a sum which was immediately returned to it.
Curiously, by fraud, the CEO of DATHCOM obtained from the Principal Registrar of the Single Window for Business Creation, Lubumbashi Branch, a share certificate and a register of associates of DATHCOM MINING SA dated August 31 and 1 September 2021 according to which AVZ INTERNATIONAL PTY LTD would have become the holder of 75% of the shares of DATHCOM MINING SA,
Cited by DATHOMIR MINING RESOURCES SARLU before the TGI/Lubumbashi under RP 14944 for forgery, the CEO of DATHCOM MINING SA, the Principal Registrar of the Single Window for Business Creation and the civilly liable DATHCOM MINING SA were sentenced respectively to 3 years in firm main penal servitude, 1 year suspended SPP and 50,000,000 US dollars for DI on the basis of the judgment of December 24, 2021.
The CEO of DATHCOM MINING SA, the Principal Registrar of the Single Window had appealed against this judgment before the Court of Appeal of Lubumbashi under RPA 7610.
The Court of Appeal of Lubumbashi condemned the CEO of DATHCOM MINING to 3 years of SPP and DATHCOM MING SA to 25,000,000 $US in damages.
In addition, the Commercial Court of Lubumbashi, seized under RAC 2858, ordered the suspension of the payment of the amount of US$20,000,000, and this, while waiting for the ICC, arbitration judge chosen by the parties, to rule on the decision. termination of two aforementioned contracts for the sale of shares between AVZ and DATHOMIR.
For the Ministry of Portfolio representing the interests of the State, the share capital of DATHCOM Mining is distributed as follows:
- AVZ International: 60% instead of 75%
- DATHOMIR MINING Resource SARLU: 15%
- COMINIERE: 25 of which 15% were sold ZI JING and 5% to MMCS
The State shareholder, expects, in accordance with Article 71 of the Mining Code, to obtain the transfer of 10% non-dilutable of the share capital, percentage to be distributed in proportion to the shares of each shareholder, after transformation of the exploration permit (PR13359) into operating license.
Controverse autour de l’exploitation du Lithium, RDC : Adèle Kayinda calme les Députés du Tanganyika et de Haut Lomami !
*Hier, lundi 7 novembre 2022, Adèle Kayinda, Ministre d’Etat, Ministre du Portefeuille, a eu des échanges francs et directs avec les Députés de Tanganyika et de Haut Lomami autour de l’épineuse question aussi bien de l’exploitation du Lithium au Tanganyika et Haut...
Bin59
Regular
This part of the below article should be interesting to anyone who attended the roadshows with regards to Nigel's version of events and the twisted narrative of the Minister of Portfolio:
The Office of Her Excellency the Minister of State, Minister of Portfolio, recalls with regard to the dispute between DATHOMIR and AVZ, the following:
Under two share sale contracts entered into in June 2019 and August 2020, AVZ INTERNATIONAL PTY LTD acquired 15% of DATHCOM MINING shares held by DATHOMIR MINING RESOURCES SARLU at the price of
21.0. 000 US. But, towards the end of 2020, a stock market announcement from AVZ revealed an agreement to sell its own 24% shares in DATHCOM MINING SA to the company Cath Energy at a price of US$240,000,000.
This strong disproportion between the two prices led DATHOMIR to request, by its letter of December 31, 2020, the valuation of its 15% of shares to protect itself from the possible risks of injury and even significant tax adjustments.
Given the refusal of AVZ INTERNATIONAL PTY LTD, DATHOMIR terminated the contracts on May 14, 2021.
After termination, AVZ INTERNATIONAL, after payment of a deposit of USD 1.0,000, attempted to pay USD 20,000,000, a sum which was immediately returned to it.
Curiously, by fraud, the CEO of DATHCOM obtained from the Principal Registrar of the Single Window for Business Creation, Lubumbashi Branch, a share certificate and a register of associates of DATHCOM MINING SA dated August 31 and 1 September 2021 according to which AVZ INTERNATIONAL PTY LTD would have become the holder of 75% of the shares of DATHCOM MINING SA,
Cited by DATHOMIR MINING RESOURCES SARLU before the TGI/Lubumbashi under RP 14944 for forgery, the CEO of DATHCOM MINING SA, the Principal Registrar of the Single Window for Business Creation and the civilly liable DATHCOM MINING SA were sentenced respectively to 3 years in firm main penal servitude, 1 year suspended SPP and 50,000,000 US dollars for DI on the basis of the judgment of December 24, 2021.
The CEO of DATHCOM MINING SA, the Principal Registrar of the Single Window had appealed against this judgment before the Court of Appeal of Lubumbashi under RPA 7610.
The Court of Appeal of Lubumbashi condemned the CEO of DATHCOM MINING to 3 years of SPP and DATHCOM MING SA to 25,000,000 $US in damages.
In addition, the Commercial Court of Lubumbashi, seized under RAC 2858, ordered the suspension of the payment of the amount of US$20,000,000, and this, while waiting for the ICC, arbitration judge chosen by the parties, to rule on the decision. termination of two aforementioned contracts for the sale of shares between AVZ and DATHOMIR.
For the Ministry of Portfolio representing the interests of the State, the share capital of DATHCOM Mining is distributed as follows:
- AVZ International: 60% instead of 75%
- DATHOMIR MINING Resource SARLU: 15%
- COMINIERE: 25 of which 15% were sold ZI JING and 5% to MMCS
The State shareholder, expects, in accordance with Article 71 of the Mining Code, to obtain the transfer of 10% non-dilutable of the share capital, percentage to be distributed in proportion to the shares of each shareholder, after transformation of the exploration permit (PR13359) into operating license.
Controverse autour de l’exploitation du Lithium, RDC : Adèle Kayinda calme les Députés du Tanganyika et de Haut Lomami !
*Hier, lundi 7 novembre 2022, Adèle Kayinda, Ministre d’Etat, Ministre du Portefeuille, a eu des échanges francs et directs avec les Députés de Tanganyika et de Haut Lomami autour de l’épineuse question aussi bien de l’exploitation du Lithium au Tanganyika et Haut...
Either she's got nfi what's actually going on and AVZ needs to send a representative to get her up to date with the facts.
Or more likely she's corrupt as all get out.
Creating their own narrative to suit themselves - wreaks of desperation - hope our legals are all over it.
Frank
Top 20
*Ditto Bro, I concur, as
The Road Shows were a good idea and a great opportunity for a lot of us long suffering SH's to get up close and personal with our fearless leader, as well as, meet & greet and hear from the Horses Mouth for the first time in a long time, especially for someone like me who didn't get to go to the last Road Show and didn't quite qualify this time, but thanks to the lovely Jodie at HQ who decided, what the Hell, let him go if he wants to.
Nigel was asked a few times why he was there doing Road Shows before the AGM which pissed me off a bit tbo
As i thought, Mate be bloody grateful he's here at all after all the Pitchforks and Pineapple Talk
Not to mention the Fact that most of us can't drop everything or make it to Perth for the AGM anyway
So Sit Down - Shut Up and just be grateful you got the chance to hear from the "Big Cheese" at all
I think the AGM will more than likely get Clogged Up or Bogged Down if nothing Positive comes out beforehand
As Nigel said, to paraphrase,
If it can help stop some of the 300 odd Phone calls asking where's the ML every Day
Then the RS's were a good thing, plus you got the chance to Vent your Spleen at a person, Not a Screen
Food for thought
Frank
Last edited:
I remember Nigel saying we had a good relationship with this bitch in one of his interviews . That she was on our side . She obviously knows the real story.This part of the below article should be interesting to anyone who attended the roadshows with regards to Nigel's version of events and the twisted narrative of the Minister of Portfolio:
The Office of Her Excellency the Minister of State, Minister of Portfolio, recalls with regard to the dispute between DATHOMIR and AVZ, the following:
Under two share sale contracts entered into in June 2019 and August 2020, AVZ INTERNATIONAL PTY LTD acquired 15% of DATHCOM MINING shares held by DATHOMIR MINING RESOURCES SARLU at the price of
21.0. 000 US. But, towards the end of 2020, a stock market announcement from AVZ revealed an agreement to sell its own 24% shares in DATHCOM MINING SA to the company Cath Energy at a price of US$240,000,000.
This strong disproportion between the two prices led DATHOMIR to request, by its letter of December 31, 2020, the valuation of its 15% of shares to protect itself from the possible risks of injury and even significant tax adjustments.
Given the refusal of AVZ INTERNATIONAL PTY LTD, DATHOMIR terminated the contracts on May 14, 2021.
After termination, AVZ INTERNATIONAL, after payment of a deposit of USD 1.0,000, attempted to pay USD 20,000,000, a sum which was immediately returned to it.
Curiously, by fraud, the CEO of DATHCOM obtained from the Principal Registrar of the Single Window for Business Creation, Lubumbashi Branch, a share certificate and a register of associates of DATHCOM MINING SA dated August 31 and 1 September 2021 according to which AVZ INTERNATIONAL PTY LTD would have become the holder of 75% of the shares of DATHCOM MINING SA,
Cited by DATHOMIR MINING RESOURCES SARLU before the TGI/Lubumbashi under RP 14944 for forgery, the CEO of DATHCOM MINING SA, the Principal Registrar of the Single Window for Business Creation and the civilly liable DATHCOM MINING SA were sentenced respectively to 3 years in firm main penal servitude, 1 year suspended SPP and 50,000,000 US dollars for DI on the basis of the judgment of December 24, 2021.
The CEO of DATHCOM MINING SA, the Principal Registrar of the Single Window had appealed against this judgment before the Court of Appeal of Lubumbashi under RPA 7610.
The Court of Appeal of Lubumbashi condemned the CEO of DATHCOM MINING to 3 years of SPP and DATHCOM MING SA to 25,000,000 $US in damages.
In addition, the Commercial Court of Lubumbashi, seized under RAC 2858, ordered the suspension of the payment of the amount of US$20,000,000, and this, while waiting for the ICC, arbitration judge chosen by the parties, to rule on the decision. termination of two aforementioned contracts for the sale of shares between AVZ and DATHOMIR.
For the Ministry of Portfolio representing the interests of the State, the share capital of DATHCOM Mining is distributed as follows:
- AVZ International: 60% instead of 75%
- DATHOMIR MINING Resource SARLU: 15%
- COMINIERE: 25 of which 15% were sold ZI JING and 5% to MMCS
The State shareholder, expects, in accordance with Article 71 of the Mining Code, to obtain the transfer of 10% non-dilutable of the share capital, percentage to be distributed in proportion to the shares of each shareholder, after transformation of the exploration permit (PR13359) into operating license.
Controverse autour de l’exploitation du Lithium, RDC : Adèle Kayinda calme les Députés du Tanganyika et de Haut Lomami !
*Hier, lundi 7 novembre 2022, Adèle Kayinda, Ministre d’Etat, Ministre du Portefeuille, a eu des échanges francs et directs avec les Députés de Tanganyika et de Haut Lomami autour de l’épineuse question aussi bien de l’exploitation du Lithium au Tanganyika et Haut...
Either she's got nfi what's actually going on and AVZ needs to send a representative to get her up to date with the facts.
Or more likely she's corrupt as all get out.
Frank
Top 20
* Lithium not mentioned ....Lithium not mentioned ....
Tantalex gets the go-ahead in Manono
Tantalex Lithium Resources has been awarded a mining license for its TiTan project in the Manono region of the DR Congo. The TiTan project sits in the Manono "pegmatite corridor", some 30km southwest of Manono, a mining site that was exploited for cassiterite and columbite-tantalite between 1913 and
Tantalex gets the go-ahead in Manono
- Published on November 4, 2022
International Tin Association Ltd
2,069 followers
Follow
Tantalex Lithium Resources has been awarded a mining license for its TiTan project in the Manono region of the DR Congo.
The TiTan project sits in the Manono "pegmatite corridor", some 30km southwest of Manono, a mining site that was exploited for cassiterite and columbite-tantalite between 1913 and the 1980s. Recent work suggests that the mineralisation extends southwest of the mine; Tantalex plans to work on this previously untapped potential.
Fyi, fwiw, It gets a mention in this one Retro, as
Canadian Tantalex will launch production of tin and tantalum concentrate in 2023 in the DRC
In Africa, the DRC and Namibia are the two main producers of tin.While Namibia has gradually increased its production in recent years thanks to the Uis mine, the DRC does not intend to give up ground and can count on new projects.
In the DRC, Tantalex Lithium Resources will start producing tin concentrate and tantalum concentrate as early as March 2023, at the Titan project.
This announcement made on Monday, October 31 by the Canadian mining company follows the obtaining of two mining concessions in the Manono region, in place of the exploration permits it previously held.
This transformation of licenses into mining concessions opens the way, we learn, to the “immediate” construction of a processing plant capable of producing 1,400 tonnes of tin concentrate and 220 tonnes of tantalum concentrate annually.
The revenues generated by this project should amount to 30 million dollars each year, if we consider the current prices of these two products.
“This will be the most modern alluvial plant in operation in the DRC and we believe this is probably only the first of many that we will be installing,” commented Hadley Natus, President of Tantalex.
As a reminder, Tantalex is also active in lithium, still in the Manono region, where it is piloting a tailings project.
Part of the income from its tantalum-tin plant will therefore be allocated to the development of this other project.
African tin production is dominated by Namibia, mainly thanks to AfriTin’s Uis mine, and the DRC where the mining company Alphamin operates the Bisie mine.
November 9, 2022 arnbethnic
copperbeltkatangamining
Don't forget the Rin Tin Tin or the Tantalum on the Road to Manono Bro
Frank
Top 20
Pretty sure this Topic was brought up and discussed all be it briefly at the Melb RS tbo
Chilla - Sam - anyone ?
This is from AVZ's 20/10/2022 ASX announcement:This part of the below article should be interesting to anyone who attended the roadshows with regards to Nigel's version of events and the twisted narrative of the Minister of Portfolio:
The Office of Her Excellency the Minister of State, Minister of Portfolio, recalls with regard to the dispute between DATHOMIR and AVZ, the following:
Under two share sale contracts entered into in June 2019 and August 2020, AVZ INTERNATIONAL PTY LTD acquired 15% of DATHCOM MINING shares held by DATHOMIR MINING RESOURCES SARLU at the price of
21.0. 000 US. But, towards the end of 2020, a stock market announcement from AVZ revealed an agreement to sell its own 24% shares in DATHCOM MINING SA to the company Cath Energy at a price of US$240,000,000.
This strong disproportion between the two prices led DATHOMIR to request, by its letter of December 31, 2020, the valuation of its 15% of shares to protect itself from the possible risks of injury and even significant tax adjustments.
Given the refusal of AVZ INTERNATIONAL PTY LTD, DATHOMIR terminated the contracts on May 14, 2021.
After termination, AVZ INTERNATIONAL, after payment of a deposit of USD 1.0,000, attempted to pay USD 20,000,000, a sum which was immediately returned to it.
Curiously, by fraud, the CEO of DATHCOM obtained from the Principal Registrar of the Single Window for Business Creation, Lubumbashi Branch, a share certificate and a register of associates of DATHCOM MINING SA dated August 31 and 1 September 2021 according to which AVZ INTERNATIONAL PTY LTD would have become the holder of 75% of the shares of DATHCOM MINING SA,
Cited by DATHOMIR MINING RESOURCES SARLU before the TGI/Lubumbashi under RP 14944 for forgery, the CEO of DATHCOM MINING SA, the Principal Registrar of the Single Window for Business Creation and the civilly liable DATHCOM MINING SA were sentenced respectively to 3 years in firm main penal servitude, 1 year suspended SPP and 50,000,000 US dollars for DI on the basis of the judgment of December 24, 2021.
The CEO of DATHCOM MINING SA, the Principal Registrar of the Single Window had appealed against this judgment before the Court of Appeal of Lubumbashi under RPA 7610.
The Court of Appeal of Lubumbashi condemned the CEO of DATHCOM MINING to 3 years of SPP and DATHCOM MING SA to 25,000,000 $US in damages.
In addition, the Commercial Court of Lubumbashi, seized under RAC 2858, ordered the suspension of the payment of the amount of US$20,000,000, and this, while waiting for the ICC, arbitration judge chosen by the parties, to rule on the decision. termination of two aforementioned contracts for the sale of shares between AVZ and DATHOMIR.
For the Ministry of Portfolio representing the interests of the State, the share capital of DATHCOM Mining is distributed as follows:
- AVZ International: 60% instead of 75%
- DATHOMIR MINING Resource SARLU: 15%
- COMINIERE: 25 of which 15% were sold ZI JING and 5% to MMCS
The State shareholder, expects, in accordance with Article 71 of the Mining Code, to obtain the transfer of 10% non-dilutable of the share capital, percentage to be distributed in proportion to the shares of each shareholder, after transformation of the exploration permit (PR13359) into operating license.
Controverse autour de l’exploitation du Lithium, RDC : Adèle Kayinda calme les Députés du Tanganyika et de Haut Lomami !
*Hier, lundi 7 novembre 2022, Adèle Kayinda, Ministre d’Etat, Ministre du Portefeuille, a eu des échanges francs et directs avec les Députés de Tanganyika et de Haut Lomami autour de l’épineuse question aussi bien de l’exploitation du Lithium au Tanganyika et Haut...
Either she's got nfi what's actually going on and AVZ needs to send a representative to get her up to date with the facts.
Or more likely she's corrupt as all get out.
As the DRC Tribunal correctly acknowledged, both Dathomir SPAs contain and are subject to arbitration agreements. It follows that only a properly constituted arbitral tribunal has jurisdiction to overturn AVZI’s August 2021 acquisition of a further 15% interest in Dathcom from Dathomir. As far as AVZ is aware, no such arbitration proceedings have been commenced.
Is the MoP a properly constituted arbitral tribunal?
Let's face it, her dealings in regards of Zijin were not regarded by the IGF as being kosher.
Samus
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Pretty sure this Topic was brought up and discussed all be it briefly at the Melb RS tbo
Chilla - Sam - anyone ?
can't remember specifically Frank. I'm not so sure that it was, perhaps briefly in a different context?Dunno maybe someone else remembers.
All I know is, I keep seeing and thinking of good questions that weren't asked after the fact.
Samus
Top 20
To me it reads like she's confusing the Zijin arbitration with the Dathomir fiasco.
Either intentionally or stupidly not understanding the facts.
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