AVZ Discussion 2022

[Xerof]

Regarding the various movements on the CAMI site - I totally agree with Freehold's analysis of it all.

13359 is being split into that part which has been 'explored', they'll pay surface rights on that part, then 'exploit' it, and the other piece renews for more 'research'
4029 and 4030 are simply being renewed for exploration

 

[Sammy_da_Smile]

Anyone else constantly refreshing for an announcement haha?

 

[Hemicuda]

Anyone else constantly refreshing for an announcement haha?

ahhahha yup

 

[CHB]

Haha I'm hopeful but wouldn't be surprised if no announcement.

Based on history I don't think communication between nige and drc has been good.

 

[John25]

 

[BEISHA]

When i went to bed last night, DOW down 370, woke up and it was up 230........

So no harsh landing me thinks.............so far no bell.

Still a chance for a top up............NOICE.

imo

 

[Hemicuda]

sooooo,,,, one more day?

 

[BRICK]

And the rubber band is pulled well back now.

 

[Samus]

Electric dump truck recharges without stopping​

A multinational machinery maker found a way to constantly operate electric heavy vehicles without draining battery supplies.

Switzerland-based Kuhn-Gruppe recently released what it claims to be the world’s largest self-charging electric vehicle. The 40-tonne Elektro Dumper (eDumper) dump truck is designed to continuously transport 59 tonnes of material without stopping.

Subsidiary eMining AG revealed the dump truck practically removes the need to stop and recharge through revolutionary regenerative braking.

On a 13 per cent grade the heavy vehicle is promised to recapture more than enough energy to recharge its 600 kilowatt per hour (kwh) battery pack, which weighs 4082 kilos and can power six long-range Tesla Model S sedans.

The eDumper is based on the Komatsu HB 605-7 rock truck that measures nine metres long, four metres wide and four metres high. The tyres are 1.8 metres tall.

“The greatest challenges involve the acquisition of the relevant data and the provision of identical or superior drive performance, which is a feature of electric vehicles,” the Kuhn-Gruppe website said.

“Conversion of existing machines in the context of a refit or the replacement of diesel engines, or the addition of high-voltage batteries in mains-driven construction machines, represent added value which eMining is developing and offering as an extra.”

Global pay television network CNN previously invited Formula E race car driver Lucas DiGrassi to test out the dump truck. He reportedly reached the top of the grade with an 80 per cent charge, and regenerated 8 per cent on the way down.

The manufacturer claims the eDumper can generate 200 kwh of extra power after making 20 trips each day. This equates to 77 megawatt hours a year, potentially saving up to 88,000 litres of diesel and 196 tonnes of carbon dioxide annually.

Electric dump truck recharges without stopping

A multinational machinery maker found a way to constantly operate electric heavy vehicles without draining battery supplies. Switzerland-based Kuhn-Gruppe A multinational machinery maker found a way to constantly operate electric heavy vehicles without draining battery supplies.

www.amsj.com.au

 

[BRICK]

This mother fucker looks like its clawing back to green while the rest of the market is shitting itself.

 

[Remark]

This mother fucker looks like its clawing back to green while the rest of the market is shitting itself.

Some solid buys going through at 106.5 - 1,07c until the algos reined it back in.

 

[wombat74]

This mother fucker looks like its clawing back to green while the rest of the market is shitting itself.

Love it . This is so much better than HC .

ImBallsDeep

 

[BRICK]

well, we wernt the worst!

not a bad close considering!

 

[cruiser51]

 

[Winenut]

well, we wernt the worst!

not a bad close considering!

View attachment 5022

Exactly what I was going to say

In a sea of red across my portfolio the close for AVZ wasn't too bad

Hopefully tomorrow is THE day and that ML drops

Bring it on

 

[BRICK]

Exactly what I was going to say

In a sea of red across my portfolio the close for AVZ wasn't too bad

Hopefully tomorrow is THE day and that ML drops

Bring it on

Yeah i hope they hurry up just for the fact that im missing JAGS daily posters

 

[JAG]

Several paths forward for giant Manono lithium project​

Manono deposit's Australian operator, AVZ Minerals, says its future looks bright on this world-class lithium project but there are few uncertainties about its development.​

26/04/2022 Reading time 5 minutes

The Manono site, DRC. © @AvzMinerals/Twitter
Places for one of the dates of Nigel Ferguson's tour of investors in Switzerland and Germany were snapped up easily. The managing director of the Australian firm AVZ Minerals will be in Frankfurt and Stuttgart today, in Munich tomorrow and in Zurich on 28 April. His roadshow, organised by the German consulting and financial communication firm Axino Capital, is full, and for good reason: Ferguson will be presenting AVZ's plans to develop Manono, one of the largest untapped lithium deposits in the world. And there are still a number of questions marks about the project.

Key steps​

The Manono site is located in the south-eastern Democratic Republic of Congo province of Tanganyika, which has long been the stronghold of Joseph Kabila's family. The former president's brother Zoé Kabila was governor of the province and his sister Jaynet Kabila is an MP (AI, 25/03/19). Manono holds a reserve of 132 million tonnes of lithium with a production capacity of 4.5 million tonnes per year. Lithium is a core component in the manufacture of electric batteries, themselves at the heart of the global energy transition.
AVZ said in December it had gathered 90% of the $545m needed to start production and build export infrastructure at the site. Some of the said funds come from a planned investment from Suzhou CATH Energy Technologies (CATH), a joint venture between the Chinese battery giant Contemporary Amperex Technology and billionaire Pei Zhenhua. The agreement reached between AVZ and CATH in 2021 provides for the Chinese firm to buy 24% of the Australian's shares in the lithium project for $240m. The end date for the implementation of the transaction has been extended to 30 April and AVZ is still short of a few million. CATH and AVZ agreed in February to waive several obligatory conditions, among them the need for AVZ to obtain its mining licence for Manono, which the Australian company needs before it can make any progress towards production. The company management said on 13 April that a decision on the mining licence was imminent.

An opportunity to leave?​

Other than this key project for the DRC, investors are interested in Ferguson's European tour because in describing the event, Axino Capital's website mentioned "exit strategies for AVZ and its shareholders, for example a possible sale or takeover of part of the project".
Several commentators see this a sound option. It would come at a time when lithium is selling at a very high price on the global markets. Investors on the Australian stock exchange and Congolese journalists have been tweeting about the possibility of Chinese firms of buying a stake in Manono since the start of the year. One such firm mentioned is the Chinese group Zijin Mining, which already owns a stake in the giant copper project Kamoa-Kakula, in the DRC's Lualaba province, alongside Ivanhoe Mines, a company led by mining magnate Robert Friedland. In January, the Congolese state-owned company Cominière, AVZ's minority partner in Manono, announced that it had entered into a partnership with Zijin to explore lithium projects near to the deposit. Some believe this is an indication that Zijin and the DRC authorities are keen for the Chinese firm to invest in Manono.

​

© Copyright Africa Intelligence.
Reproduction and dissemination prohibited (Intranet...)
without written permission. - 39286825

 

[JAG]

Part 2.....WTF!!!!

Shareholder spat​

Meanwhile, AVZ has come into conflict with its original partner in Manono, Dathomir Mining Resources. This company belongs to Cong Mao Huai, often called Simon Cong, a key middleman between China and the DRC deemed to be close to Zoé Kabila (AI, 23/04/21). The Lubumbashi High Court issued a ruling in late December in the case of Dathomir versus the joint venture owned by AVZ that operates Manono, Dathcom Mining, AVZ's technical director, geologist Graeme Johnston, and Papalas Musagi Wabulasa. Wabulasa is the clerk of the Lubumbashi branch of the public entity that registers companies and changes to shareholders or statues, the Guichet Unique de Création d'Entreprise.

In December, the Congolese judges ordered Dathcom to pay Dathomir $50m and for Dathcom's share certificate of 30 August 2021 to be confiscated and destroyed. The court also found Wabulasa and Johnston to be guilty of forgery and requested Johnston's arrest. There have reportedly been appeals filed against the ruling.

Dathomir had bought a 70% stake in Manono from Cominière in 2016. It then sold the majority of this to AVZ in 2017. The Australian group then sought to increase its stake. AVZ struck a deal with Dathomir in June 2019 to buy 5% of the lithium project for $5.5m. It then concluded another deal in August 2020 for Dathomir's remaining 10% for $15.5m (AI, 21/10/20).

The court decision mentions that Dathomir said that it sought an expert opinion on the sale price agreed with AVZ before the transaction was finalised and the payments made, believing that both the sale price and the stock market announcements made by the Australian company did not reflect the real value of the shares. According to the decision, Dathomir claimed to have then decided to cancel the transaction. The judgement states that the company, however, was said to have learnt that, on 30 August 2021, Wabulasa and Johnston had drawn up Dathcom's new shareholder agreement showing a 75% cut for AVZ, meaning it included Dathomir's shares.

In the ruling, it stated that Dathcom had argued that no wrongdoing had been committed by Jonhston, as he had not made any false statements or filed any false share transfer agreements, but also that the action was inadmissible because share transfer agreements could only be invalidated by the arbitration judge as chosen by the parties. In the ruling, it is stated that Papalas Musagi Wabulasa said that he had destroyed the share certificate of 30 August 2021.

This is not the first time there has been a battle over Manono shares. In 2017, the Mauritian company MMCS Strategic 1 initiated proceedings against AVZ in Australia seeking recognition of its rights to the lithium project. This first attempt was unsuccessful. MMCS has since filed for arbitration against Cominière. MMCS claims to have reached an agreement with Cominière in 2013 to acquire shares in Manono (AI, 05/03/19). Its case is reportedly pending.

When contacted, AVZ did not respond to our requests for further information.

© Copyright Africa Intelligence.
Reproduction and dissemination prohibited (Intranet...)
without written permission. - 39286825

 

[CHB]

Several paths forward for giant Manono lithium project​

Manono deposit's Australian operator, AVZ Minerals, says its future looks bright on this world-class lithium project but there are few uncertainties about its development.​

26/04/2022 Reading time 5 minutes

The Manono site, DRC. © @AvzMinerals/Twitter
Places for one of the dates of Nigel Ferguson's tour of investors in Switzerland and Germany were snapped up easily. The managing director of the Australian firm AVZ Minerals will be in Frankfurt and Stuttgart today, in Munich tomorrow and in Zurich on 28 April. His roadshow, organised by the German consulting and financial communication firm Axino Capital, is full, and for good reason: Ferguson will be presenting AVZ's plans to develop Manono, one of the largest untapped lithium deposits in the world. And there are still a number of questions marks about the project.

Key steps​

The Manono site is located in the south-eastern Democratic Republic of Congo province of Tanganyika, which has long been the stronghold of Joseph Kabila's family. The former president's brother Zoé Kabila was governor of the province and his sister Jaynet Kabila is an MP (AI, 25/03/19). Manono holds a reserve of 132 million tonnes of lithium with a production capacity of 4.5 million tonnes per year. Lithium is a core component in the manufacture of electric batteries, themselves at the heart of the global energy transition.
AVZ said in December it had gathered 90% of the $545m needed to start production and build export infrastructure at the site. Some of the said funds come from a planned investment from Suzhou CATH Energy Technologies (CATH), a joint venture between the Chinese battery giant Contemporary Amperex Technology and billionaire Pei Zhenhua. The agreement reached between AVZ and CATH in 2021 provides for the Chinese firm to buy 24% of the Australian's shares in the lithium project for $240m. The end date for the implementation of the transaction has been extended to 30 April and AVZ is still short of a few million. CATH and AVZ agreed in February to waive several obligatory conditions, among them the need for AVZ to obtain its mining licence for Manono, which the Australian company needs before it can make any progress towards production. The company management said on 13 April that a decision on the mining licence was imminent.

An opportunity to leave?​

Other than this key project for the DRC, investors are interested in Ferguson's European tour because in describing the event, Axino Capital's website mentioned "exit strategies for AVZ and its shareholders, for example a possible sale or takeover of part of the project".
Several commentators see this a sound option. It would come at a time when lithium is selling at a very high price on the global markets. Investors on the Australian stock exchange and Congolese journalists have been tweeting about the possibility of Chinese firms of buying a stake in Manono since the start of the year. One such firm mentioned is the Chinese group Zijin Mining, which already owns a stake in the giant copper project Kamoa-Kakula, in the DRC's Lualaba province, alongside Ivanhoe Mines, a company led by mining magnate Robert Friedland. In January, the Congolese state-owned company Cominière, AVZ's minority partner in Manono, announced that it had entered into a partnership with Zijin to explore lithium projects near to the deposit. Some believe this is an indication that Zijin and the DRC authorities are keen for the Chinese firm to invest in Manono.

​

© Copyright Africa Intelligence.
Reproduction and dissemination prohibited (Intranet...)
without written permission. - 39286825

Did you just snippet the ok parts? Haha

The whole article doesn't present well sadly

Edit: saw u did a part 2... wtf indeed..almost going to jail wtf

 

[Sammy_da_Smile]

Part 2.....WTF!!!!

Shareholder spat​

Meanwhile, AVZ has come into conflict with its original partner in Manono, Dathomir Mining Resources. This company belongs to Cong Mao Huai, often called Simon Cong, a key middleman between China and the DRC deemed to be close to Zoé Kabila (AI, 23/04/21). The Lubumbashi High Court issued a ruling in late December in the case of Dathomir versus the joint venture owned by AVZ that operates Manono, Dathcom Mining, AVZ's technical director, geologist Graeme Johnston, and Papalas Musagi Wabulasa. Wabulasa is the clerk of the Lubumbashi branch of the public entity that registers companies and changes to shareholders or statues, the Guichet Unique de Création d'Entreprise.

In December, the Congolese judges ordered Dathcom to pay Dathomir $50m and for Dathcom's share certificate of 30 August 2021 to be confiscated and destroyed. The court also found Wabulasa and Johnston to be guilty of forgery and requested Johnston's arrest. There have reportedly been appeals filed against the ruling.

Dathomir had bought a 70% stake in Manono from Cominière in 2016. It then sold the majority of this to AVZ in 2017. The Australian group then sought to increase its stake. AVZ struck a deal with Dathomir in June 2019 to buy 5% of the lithium project for $5.5m. It then concluded another deal in August 2020 for Dathomir's remaining 10% for $15.5m (AI, 21/10/20).

The court decision mentions that Dathomir said that it sought an expert opinion on the sale price agreed with AVZ before the transaction was finalised and the payments made, believing that both the sale price and the stock market announcements made by the Australian company did not reflect the real value of the shares. According to the decision, Dathomir claimed to have then decided to cancel the transaction. The judgement states that the company, however, was said to have learnt that, on 30 August 2021, Wabulasa and Johnston had drawn up Dathcom's new shareholder agreement showing a 75% cut for AVZ, meaning it included Dathomir's shares.

In the ruling, it stated that Dathcom had argued that no wrongdoing had been committed by Jonhston, as he had not made any false statements or filed any false share transfer agreements, but also that the action was inadmissible because share transfer agreements could only be invalidated by the arbitration judge as chosen by the parties. In the ruling, it is stated that Papalas Musagi Wabulasa said that he had destroyed the share certificate of 30 August 2021.

This is not the first time there has been a battle over Manono shares. In 2017, the Mauritian company MMCS Strategic 1 initiated proceedings against AVZ in Australia seeking recognition of its rights to the lithium project. This first attempt was unsuccessful. MMCS has since filed for arbitration against Cominière. MMCS claims to have reached an agreement with Cominière in 2013 to acquire shares in Manono (AI, 05/03/19). Its case is reportedly pending.

When contacted, AVZ did not respond to our requests for further information.

© Copyright Africa Intelligence.
Reproduction and dissemination prohibited (Intranet...)
without written permission. - 39286825

Is this still out standing???? It's read as if it is, then further down says that it isn't? Hard to read.

In December, the Congolese judges ordered Dathcom to pay Dathomir $50m and for Dathcom's share certificate of 30 August 2021 to be confiscated and destroyed. The court also found Wabulasa and Johnston to be guilty of forgery and requested Johnston's arrest. There have reportedly been appeals filed against the ruling.

How has there been no comms about this???

That crazy dude on twitter correct?1?1?1