AVZ Discussion 2022
- Thread starter GazDix
- Start date
at the earliest, but most likely resurrection Easter 
2023 
Samus
Top 20
Frank
Top 20
*Hello, Hello, What have we here, as
US gathers resource-rich nations to push minerals security pact
The Biden administration plans to use a gathering of resource-rich nations to spur new investment as part of its bid to shift the supply chain for rare-earths minerals away from China.
The Minerals Security Partnership between the US, EU, Japan and other wealthy nations is holding a ministerial meeting Thursday at the United Nations General Assembly with nations that possess minerals such as lithium, manganese and cobalt.
The developing nations taking part include Argentina, Brazil, Chile, the Democratic Republic of the Congo, Indonesia, Mongolia, Mozambique, Namibia, the Philippines, Tanzania and Zambia. US Secretary of State Antony Blinken is set to chair the meeting.
The initiative, launched in June, is designed to funnel investment toward developing countries with mining projects that adhere to stricter environmental, social and governance standards.
“We created this to deal with a supply chain vulnerability that we’ve known has existed a long time,” Under Secretary of State Jose Fernandez said in an interview in New York.
“But the pandemic has taught us that these vulnerabilities need to be addressed and minimized. And what we’re hoping to do is to galvanize investment, financing and other agreements.”
The critical mineral supply chain remains almost totally dominated by China, which controls most of the market for processing and refining minerals such as cobalt, lithium and other rare earths.
“It’s about providing options,” Fernandez said, when asked whether the partnership was a strategic initiative to counter Beijing.
“If we’re successful, the Chinese will also gain as well, and that will be to the benefit of producing countries.”
The minerals initiative may also get a boost from recent legislative efforts in Washington. Fernandez referred to a recent trip to lithium-rich Mexico last week, where he told local officials that “now’s the time to partner” on projects that might to benefit from tax credits under the Biden administration’s Inflation Reduction Act.
“There is momentum — the funding that is provided in the IRA is substantial,” Fernandez said.
“It should allow us to to promote responsible critical mineral production in a way that supports ESG goals.”
In the coming months, the US intends to continue meeting with mineral-rich nations and identify some of the first mining projects to benefit from the minerals security pact.
World’s biggest EV battery maker considers third plant in Europe
The world’s biggest maker of electric-vehicle batteries, China’s Contemporary Amperex Technology Co. Ltd., is considering a third factory in Europe, the company’s president in the region said.
“We are thinking about this, but currently there is no clear decision or activity,” Matthias Zentgraf told Bloomberg News in an interview, saying internal discussions are already underway.
The Ningde, Fujian-based company last month announced plans to build a second European EV battery plant in Hungary, investing 7.3 billion euros ($7.2 billion) in partnership with Mercedes-Benz Group AG.
The facility has a planned output of 100 gigawatt hours and will also supply Volkswagen AG, BMW and Stellantis NV.
CATL expects it to be ready within five years.
CATL has maintained a lead over rivals, including the world’s second-biggest cell producer LG Energy Solution Ltd.
The company rebounded from its sharpest-ever drop in quarterly earnings at the start of 2022, with first-half net income rising 82% from a year earlier and revenue jumping 156%.
CATL has established several production bases in China and subsidiaries in the US, Japan and Europe.
It is spending 27 billion yuan ($3.8 billion) on two battery projects in China’s Shandong and Fujian provinces.
The battery maker has also been looking at sites in Mexico and the US to supply Tesla Inc., Ford Motor Co. and others, though that process has been delayed in part due to political tensions between China and the US, Bloomberg reported in August.
*To Remind,
Investing abroad could be the solution to America’s clean energy future
www.mining.com/investing-abroad-could-be-the-solution-to-americas-clean-energy-future/*To Remind,
The Biden administration investing in the DRC mining sector
On a visit to the Democratic Republic of Congo, from September 12 to 13, 2022, the emissary of American President Joe Biden, ended his visit after talks with the President of the Republic Félix Antoine Tshisekedi, the two personalities discussed the issues and investment potential of the Congolese mining sector.At the end of his visit to the DR Congo, Amos Hochstein, special coordinator of the President of the United States of America in charge of international energy affairs, made a point of reaffirming the interest that his country attaches to the DRC.
“We have a wide range of interests in Congo.
This is why the United States wishes to strengthen its relations with the DRC”, he spoke to the press on Tuesday, September 3.
According to him, the purpose of his visit to the DRC revolves mainly around the mining sector, as well as the investment potential that the latter abounds.
“The purpose of my visit is essentially to develop the mining sector,” Amos Hochstein told the press.
He also underlined the role played by the DRC in the current global energy transition.
“The DRC is one of the most important countries in the world, because it contributes to the energy transition, as we move from fossil fuel to cleaner energy”, he underlined.
“The whole world will need minerals, natural resources… as a whole which are necessary for this transformation.
I don’t think there is a country other than the DRC that can bring so much to the world”
US stands up against corruption and inhuman labour in the mining sector
“We therefore want energy, but also ensure the conditions under which those who contribute to this cleaner energy (which we want) work.
To do this, we have a good understanding of what cleaner energy means.
That is to say, no corruption but also (guarantees) of working conditions for those who work in the minerals sector,” said Amos Hochstein.
The emissary of the American president, says he is positive and remains hopeful of returning to Congo for a next meeting.
“So, this is what we have been discussing for the past two days with the Congolese authorities. I keep my hopes up and look forward to coming back here on a future trip,” he said.
After Blinken, Hochstein brings the same speech
This mission by Amos Hochstein to Kinshasa demonstrates the interest the USA attaches to the country’s minerals and natural resources.
It comes just a month after another Joe Biden envoy visited.
Anthony J. Blinken, the American Secretary of State, had stayed in the Congolese capital from August 9 to 10.
During his visit, Anthony Blinken had also met some officials of the Tshisekedi administration and exchanged with them on several areas but more particularly that of the investment sector, which Amos Hochstein also addressed in his mission.
The undercards
According to analysts, the Biden administration conditions the arrival of its investors on the respect of a certain number of democratic criteria and principles, supposed to guarantee transparency in an environment where other expatriates have preferred to launch without asking too many requirements.
That suits the Congolese authorities who need capital to boost the development of a long impoverished and asphyxiated country, they seem to lean more towards realism than towards the elastic caution of American investors, explained its observers.
*To Remind,
The DRC and the USA, strengthening partnerships in the mining sector
The Deputy Minister of Mines, Godard motemona exchanged, Friday, January 28, 2022 at the residence of the American diplomat in the DRC Mike Hammer, with a delegation of American officials led by the Deputy National Security Advisor of the United States of America, Daleep Singh.The United States of America promises to continue to support the Democratic Republic of the Congo in securing mine sites and combating child labor in mines.
Indeed, the head of the American delegation, first of all, expressed to the Deputy Minister of Mines, Godard motemona the purpose of his mission in the DRC, which concerns the strengthening of economic partnership between the United States of America and the Democratic Republic of Congo for the well-being of the population, the foundations of which were laid in Rome in Glasgow during the G20 meeting between Presidents Félix-Antoine Tshisekedi Tshilombo and Joe Biden.
*To Remind,
The DRC signs a memorandum of understanding with the United Arab Emirates for a1 billion USD investment
Prime Minister Jean-Michel Sama Lukonde Kyenge chaired, in his office, at the Primature, this Saturday, September 17, 2022, the signing ceremony of a memorandum of understanding between the company Primera Group Limited, an Emirati consortium, who represented the private sector of the United Arab Emirates and the Congolese government, represented by the Ministry of Mines, to strengthen and increase bilateral trade between these two countries.It is the concretization of the agreements concluded between His Highness, the President of the United Arab Emirates, Sheikh Mohamed ben Zayed Al Nahyan and the President of the Republic, Félix-Antoine Tshisekedi Tshilombo during his visit in October 2021 to Abu Dhabi.
It should be noted that the protocol signed today concerns an investment of 1 billion US dollars.
This memorandum of understanding is a new step for the launch of future Emirati investments in the Democratic Republic of Congo.
Speaking to the press, Salem Aljaberi, charge d’affaires (in charge of preparing for the opening next November) of the United Arab Emirates embassy in Kinshasa, said that over the next year, many companies from the private sector of the United Arab Emirates will be jostling at the gates of the Democratic Republic of Congo to invest in the fields of Agriculture, Mining, and renewable energies.
*To Remind,
The Carriere de l’Este Pegmatite, with a mapped length of about 5,500m, is potentially the largest pegmatite in the Manono Project.
The thickness of intersected pegmatite and the geometric relationship between the location of the drill hole and mapped pegmatite boundaries suggests the thickness of the Carriere de l’Este pegmatite may be up to 280m true thickness at this location.
The initial drilling program has confirmed the immense size and potential of the Manono Lithium project.
*Why every millimetre of CDL is so important to us all moving forward imo
Food for thought on the Road to Mining Manono thanks to our Bro Joe, Blinken & Co
GLTA-AVZH's
Cheers
Frank
Like the Days of our DRC Lives, It's Heating Up alright
Nice one Nells . You got an update for us ? Or maybe Fox . ICC case result due by next Friday . How do you think it will play out ?
obe wan
Regular
a couple of nice ‘one for the road’ bores slapped through carrier apparently
D
Deleted member 2428
Guest
Great post on HC today OB1
Attachments
DiscoDanNZ
Regular
He won't be the only one needing a resleeve after the AGM then hopefully.
When you say ‘one for the road’ does that mean you believe we now lost CDL ( or part of it )?
Frank
Top 20
US MINES act seeks to curb Russia, China grip on critical minerals
Republican congressman Ken Calvert (CA-42) this week introduced the Monitoring and Investigating Nations Exploiting States (MINES) Act to “hold China and Russia accountable for their efforts to monopolize critical mineral resources around the world, particularly in developing nations.”
According to the press release is an original cosponsor of the MINES Act which provides the US with “additional tools to assess the growing exploitation of critical minerals in small states by China and Russia.”
“Reliable access to critical minerals is essential to America’s economic and national security,” said Calvert:
“America must be clear-eyed about the Chinese and Russian aggression when it comes to consolidating critical mineral resources.”
“It’s hard to overstate just how tight of a stranglehold Russia and China are developing on resources supply chains worldwide,” said House Natural Resources Committee Ranking Member Bruce Westerman (AR-4), a co-sponsor:
“While the Biden administration locks up sustainable mining here in the U.S., our adversaries are wasting no time stepping into that void and controlling critical minerals around the globe.”
Joe Biden’s climate bill has the US battery industry revved up
While Joe Biden was busy throttling the latest Corvette with car executives at the Detroit auto show last week, much of the rest of the industry filed into a jam-packed convention center about 30 miles west for a forum the president also managed to rev up.
The Battery Show saw its biggest attendance yet: 15,000 people, up 64% from last year and almost 50% from pre-pandemic levels, according to organizers.
One big factor behind all the interest was the Inflation Reduction Act that Biden signed into law last month.
Battery upstarts are salivating over the goodies in the bill, particularly the tax credits for manufacturing components here in the US.
Jim Greenberger, the head of a trade association for battery tech in North America, said when he went to the welcome reception, he thought he might be in the wrong room because he didn’t recognize anyone.
“These are all people that suddenly are seeing an opportunity in an industry that’s growing, where there’s substantial government support and everybody’s trying to figure out how they play in it,” Greenberger said.
China’s dominance of the space was never far from peoples’ minds at the Battery Show.
For all the gold-rush mentality and rhetoric about the power of American innovation, companies are anxious that if the US goes too far in its bid to cut out China, their products could be vulnerable to retaliation.
One panel debated whether the US should create a “white list” similar to what China adopted from 2015 through 2019.
The government drafted a list of domestic battery manufacturers whose products were eligible for subsidies.
This was key to the rise of Chinese champions like CATL and and a blow to LG Chem and Samsung SDI, which had to repurpose newly built factories in China after being excluded.
The idea was roundly criticized by the panel as un-American.
Another option being kicked around is a “battery passport” system similar to what’s been proposed in Europe.
This would involve setting up digital traceability for all the raw materials in a battery to ensure compliance with environmental and labor standards.
It wouldn’t explicitly ban Chinese suppliers, but if you exclude nickel from Indonesia or cobalt from the Democratic Republic of Congo, it could have that effect.
Automakers in the US don’t like the passport idea because they see the data as proprietary and are wary of the added cost of a digital tracking system, Greenberger said.
They’re also concerned about alienating China not just as a supplier, but as a customer — it’s the world’s biggest auto market.
The US is still dependent on China for minerals to feed its nascent battery manufacturing efforts, and an independent supply chain is still years away, said Ben Wrightsman, CEO of the Indiana-based Battery Innovation Center, which helps commercialize battery tech.
“The message has been heard that the US needs to have its place,” Wrightsman said.
“Now we need to clarify what we’re doing and don’t shoot anybody in the head over it.”
Kelty, who’s been working in the battery industry since the 1990s, sees real potential for the US to commercialize its technology after losing out to Japan and China for decades.
He thinks Chinese battery companies should be welcome in the US and also likes the idea of a battery passport.
“It’s what China’s been doing all these years — it’s not like we’re playing by some new rules that are unfair,” he said.
“For us to pick winners and losers? No. We’re terrible at that, but establish some rules that are transparent about local content, and call it quits.”
mining.com
China may find it hard to cool lithium’s price rally this time around
Scorching gains for lithium, a raw material vital for powering electric vehicles, threaten to push costs even higher for Chinese battery makers, and the government is finding itself powerless to do anything about it.
Even after a meeting last week where Chinese authorities pleaded with major producers to stabilize prices, lithium carbonate surged to a fresh record, rising to 500,500 yuan ($70,716) a ton.
In yuan terms, that exceeds the level prevailing when Tesla Inc.’s Elon Musk called prices “insane” earlier this year.
“In the short term, I don’t think the meeting will help China cool the rally,” said Peng Xu, analyst at BloombergNEF.
Prices for seaborne spodumene — a partly processed form of lithium — are increasing amid a supply-demand mismatch and that’s squeezing the margins of Chinese lithium refiners, Xu said, adding there’s still room for further gains from current price levels.
It was easier for China back in March, at the time of the previous peak.
Then, officials hauled in representatives of the supply chain and told them they wanted “rational” prices.
That did at least stall the rally.
But it came at a time when virus lockdowns were curbing demand, and downstream users were also struggling to cope with high costs for other battery materials like nickel and cobalt.
Now, things are different.
China’s manufacturing is picking up, with output of electric vehicles more than doubling from a year ago in August.
The China Passenger Car Association expects EV sales to hit a record 6 million this year, double the number in 2021.
Lithium supply still trails demand, and there are concerns about the availability of power in key production hubs this winter.
In a sign of market tightness, an auction of Australian spodumene just attracted the highest-ever winning bid.
A slumping Chinese currency is also playing a role in the surge in domestic prices.
The yuan has tumbled more than 10% this year, and is heading for the worst annual performance since 1994.
The Federal Reserve’s 75-basis-point hike on Wednesday only made things worse.
China typically buys raw materials in dollars, so the weakening yuan increases costs for the nation’s importers.
In China’s meeting with the lithium industry last week, authorities asked major firms to ensure prices don’t hugely deviate from production costs and urged consumers to strike long-term agreements.
The nation also said it will help boost exploration, stabilize imports and promote recycling of raw materials.
mining.com
More Food for thought on the Road to Mining Manono
Cheers
Frank
Samus
Top 20
This Tuesday, September 20, 2022, the Chief Inspector of the General Inspectorate of Finance (IGF) of the Democratic Republic of Congo received the Forbes Best of Africa Award during the US-Africa Investment Forum in New York.
Jules Alingete was awarded the Anti-Corruption Best Practice award in recognition of the work he has done in leading the IGF to implement good governance in the public institutions of the Democratic Republic of Congo, supporting the Head of State’s vision to establish effective management and fight corruption in all its forms, including the embezzlement of public funds and assets.
The Chief of Service at the IGF received this prestigious award during an exclusive reception at the Museum of Art & Design in New York, following the US-Africa Investment Forum that met under the theme “Africa’s Role in Tackling Global Challenges.” Several prominent figures were present, including the Congolese Minister of Finance, Nicolas Kazadi, who spoke during the Panel Discussions that preceded the reception and conferral of the Forbes Best of Africa Award.
Jules Alingete, Chief of Service at IGF, has stated, “The IGF carries out a financial patrol, which is an a priori control of the state’s finances. It is a preventive type of control done while planning public expenditures to prevent those who execute these expenditures from committing fraud or embezzlement. Therefore, it is an anticipatory control that ensures conformity with the actions of management that should be carried out.” He further explained that many countries, such as France and Belgium, have implemented this form of financial control for several decades.
In the DRC, one of the challenges is discovering these instances of mismanagement after their occurrence and seeking justice to correct the financial injustices. Since his appointment in July 2020, Jules Alingete has led the inspectors in their various control missions to restore the State’s finances. Jules Alingete further stresses the IGF’s role, “It is far better to prevent the embezzlement of funds rather than discovering it had occurred while conducting an a posteriori control. It is not easy implementing it in the DRC. Still, prevention is always better than a cure, and the work carried out by the IGF has significantly contributed to improving the country’s financial ranking with the international community.”
The International Monetary Fund (IMF), through its representative in the DRC, has also praised these efforts. Gabriel Leost, IMF’s representative in the DRC, has previously met with the entire body of finance inspectors to brief them on the content of the IMF’s $1.5 billion financing plan with the DRC government. During this visit to the IGF offices, he expressed, “We came to define the role that the IGF must play in achieving the objectives set out in this program. The IMF’s support is aimed at achieving good governance in the DRC and improving the quality of life of the Congolese people. For that, the IGF is called to reinforce its controls in all the components foreseen in this support.”
www.google.com
Jules Alingete was awarded the Anti-Corruption Best Practice award in recognition of the work he has done in leading the IGF to implement good governance in the public institutions of the Democratic Republic of Congo, supporting the Head of State’s vision to establish effective management and fight corruption in all its forms, including the embezzlement of public funds and assets.
The Chief of Service at the IGF received this prestigious award during an exclusive reception at the Museum of Art & Design in New York, following the US-Africa Investment Forum that met under the theme “Africa’s Role in Tackling Global Challenges.” Several prominent figures were present, including the Congolese Minister of Finance, Nicolas Kazadi, who spoke during the Panel Discussions that preceded the reception and conferral of the Forbes Best of Africa Award.
Jules Alingete, Chief of Service at IGF, has stated, “The IGF carries out a financial patrol, which is an a priori control of the state’s finances. It is a preventive type of control done while planning public expenditures to prevent those who execute these expenditures from committing fraud or embezzlement. Therefore, it is an anticipatory control that ensures conformity with the actions of management that should be carried out.” He further explained that many countries, such as France and Belgium, have implemented this form of financial control for several decades.
In the DRC, one of the challenges is discovering these instances of mismanagement after their occurrence and seeking justice to correct the financial injustices. Since his appointment in July 2020, Jules Alingete has led the inspectors in their various control missions to restore the State’s finances. Jules Alingete further stresses the IGF’s role, “It is far better to prevent the embezzlement of funds rather than discovering it had occurred while conducting an a posteriori control. It is not easy implementing it in the DRC. Still, prevention is always better than a cure, and the work carried out by the IGF has significantly contributed to improving the country’s financial ranking with the international community.”
The International Monetary Fund (IMF), through its representative in the DRC, has also praised these efforts. Gabriel Leost, IMF’s representative in the DRC, has previously met with the entire body of finance inspectors to brief them on the content of the IMF’s $1.5 billion financing plan with the DRC government. During this visit to the IGF offices, he expressed, “We came to define the role that the IGF must play in achieving the objectives set out in this program. The IMF’s support is aimed at achieving good governance in the DRC and improving the quality of life of the Congolese people. For that, the IGF is called to reinforce its controls in all the components foreseen in this support.”
Chief Inspector of IGF In DRC Receives the Forbes Best of Africa Award for Good Governance | News Ghana
This Tuesday, September 20, 2022, the Chief Inspector of the General Inspectorate of Finance (IGF) of the Democratic Republic of Congo received the Forbes Best of Africa Award during the US-Africa Investment Forum in New York. Jules Alingete was awarded the Anti-Corruption Best Practice award in...
www.google.com
John25
Regular
Funny 
post from @John25 on the crapper about Felix . Hope you don't mind repeating it here .
"exactly …it seems to go with the job …fly around the world ,shake hands ,smile ,stroke the ego …all yap ,no action .Just get your fat arse home & start stamping FFS its been 20 weeks but who’s counting"
post from @John25 on the crapper about Felix . Hope you don't mind repeating it here ."exactly …it seems to go with the job …fly around the world ,shake hands ,smile ,stroke the ego …all yap ,no action .Just get your fat arse home & start stamping FFS its been 20 weeks but who’s counting"
Great Post Frank*Hello, Hello, What have we here, as
US gathers resource-rich nations to push minerals security pact
The Biden administration plans to use a gathering of resource-rich nations to spur new investment as part of its bid to shift the supply chain for rare-earths minerals away from China.
The Minerals Security Partnership between the US, EU, Japan and other wealthy nations is holding a ministerial meeting Thursday at the United Nations General Assembly with nations that possess minerals such as lithium, manganese and cobalt.
The developing nations taking part include Argentina, Brazil, Chile, the Democratic Republic of the Congo, Indonesia, Mongolia, Mozambique, Namibia, the Philippines, Tanzania and Zambia. US Secretary of State Antony Blinken is set to chair the meeting.
The initiative, launched in June, is designed to funnel investment toward developing countries with mining projects that adhere to stricter environmental, social and governance standards.
“We created this to deal with a supply chain vulnerability that we’ve known has existed a long time,” Under Secretary of State Jose Fernandez said in an interview in New York.
“But the pandemic has taught us that these vulnerabilities need to be addressed and minimized. And what we’re hoping to do is to galvanize investment, financing and other agreements.”
The critical mineral supply chain remains almost totally dominated by China, which controls most of the market for processing and refining minerals such as cobalt, lithium and other rare earths.
“It’s about providing options,” Fernandez said, when asked whether the partnership was a strategic initiative to counter Beijing.
“If we’re successful, the Chinese will also gain as well, and that will be to the benefit of producing countries.”
The minerals initiative may also get a boost from recent legislative efforts in Washington. Fernandez referred to a recent trip to lithium-rich Mexico last week, where he told local officials that “now’s the time to partner” on projects that might to benefit from tax credits under the Biden administration’s Inflation Reduction Act.
“There is momentum — the funding that is provided in the IRA is substantial,” Fernandez said.
“It should allow us to to promote responsible critical mineral production in a way that supports ESG goals.”
In the coming months, the US intends to continue meeting with mineral-rich nations and identify some of the first mining projects to benefit from the minerals security pact.
World’s biggest EV battery maker considers third plant in Europe
The world’s biggest maker of electric-vehicle batteries, China’s Contemporary Amperex Technology Co. Ltd., is considering a third factory in Europe, the company’s president in the region said.
“We are thinking about this, but currently there is no clear decision or activity,” Matthias Zentgraf told Bloomberg News in an interview, saying internal discussions are already underway.
The Ningde, Fujian-based company last month announced plans to build a second European EV battery plant in Hungary, investing 7.3 billion euros ($7.2 billion) in partnership with Mercedes-Benz Group AG.
The facility has a planned output of 100 gigawatt hours and will also supply Volkswagen AG, BMW and Stellantis NV.
CATL expects it to be ready within five years.
CATL has maintained a lead over rivals, including the world’s second-biggest cell producer LG Energy Solution Ltd.
The company rebounded from its sharpest-ever drop in quarterly earnings at the start of 2022, with first-half net income rising 82% from a year earlier and revenue jumping 156%.
CATL has established several production bases in China and subsidiaries in the US, Japan and Europe.
It is spending 27 billion yuan ($3.8 billion) on two battery projects in China’s Shandong and Fujian provinces.
The battery maker has also been looking at sites in Mexico and the US to supply Tesla Inc., Ford Motor Co. and others, though that process has been delayed in part due to political tensions between China and the US, Bloomberg reported in August.
View attachment 17221
*To Remind,
Investing abroad could be the solution to America’s clean energy future
www.mining.com/investing-abroad-could-be-the-solution-to-americas-clean-energy-future/
*To Remind,
The Biden administration investing in the DRC mining sector
On a visit to the Democratic Republic of Congo, from September 12 to 13, 2022, the emissary of American President Joe Biden, ended his visit after talks with the President of the Republic Félix Antoine Tshisekedi, the two personalities discussed the issues and investment potential of the Congolese mining sector.
At the end of his visit to the DR Congo, Amos Hochstein, special coordinator of the President of the United States of America in charge of international energy affairs, made a point of reaffirming the interest that his country attaches to the DRC.
“We have a wide range of interests in Congo.
This is why the United States wishes to strengthen its relations with the DRC”, he spoke to the press on Tuesday, September 3.
According to him, the purpose of his visit to the DRC revolves mainly around the mining sector, as well as the investment potential that the latter abounds.
“The purpose of my visit is essentially to develop the mining sector,” Amos Hochstein told the press.
He also underlined the role played by the DRC in the current global energy transition.
“The DRC is one of the most important countries in the world, because it contributes to the energy transition, as we move from fossil fuel to cleaner energy”, he underlined.
“The whole world will need minerals, natural resources… as a whole which are necessary for this transformation.
I don’t think there is a country other than the DRC that can bring so much to the world”
US stands up against corruption and inhuman labour in the mining sector
“We therefore want energy, but also ensure the conditions under which those who contribute to this cleaner energy (which we want) work.
To do this, we have a good understanding of what cleaner energy means.
That is to say, no corruption but also (guarantees) of working conditions for those who work in the minerals sector,” said Amos Hochstein.
The emissary of the American president, says he is positive and remains hopeful of returning to Congo for a next meeting.
“So, this is what we have been discussing for the past two days with the Congolese authorities. I keep my hopes up and look forward to coming back here on a future trip,” he said.
After Blinken, Hochstein brings the same speech
This mission by Amos Hochstein to Kinshasa demonstrates the interest the USA attaches to the country’s minerals and natural resources.
It comes just a month after another Joe Biden envoy visited.
Anthony J. Blinken, the American Secretary of State, had stayed in the Congolese capital from August 9 to 10.
During his visit, Anthony Blinken had also met some officials of the Tshisekedi administration and exchanged with them on several areas but more particularly that of the investment sector, which Amos Hochstein also addressed in his mission.
The undercards
According to analysts, the Biden administration conditions the arrival of its investors on the respect of a certain number of democratic criteria and principles, supposed to guarantee transparency in an environment where other expatriates have preferred to launch without asking too many requirements.
That suits the Congolese authorities who need capital to boost the development of a long impoverished and asphyxiated country, they seem to lean more towards realism than towards the elastic caution of American investors, explained its observers.
*To Remind,
The DRC and the USA, strengthening partnerships in the mining sector
The Deputy Minister of Mines, Godard motemona exchanged, Friday, January 28, 2022 at the residence of the American diplomat in the DRC Mike Hammer, with a delegation of American officials led by the Deputy National Security Advisor of the United States of America, Daleep Singh.
The United States of America promises to continue to support the Democratic Republic of the Congo in securing mine sites and combating child labor in mines.
Indeed, the head of the American delegation, first of all, expressed to the Deputy Minister of Mines, Godard motemona the purpose of his mission in the DRC, which concerns the strengthening of economic partnership between the United States of America and the Democratic Republic of Congo for the well-being of the population, the foundations of which were laid in Rome in Glasgow during the G20 meeting between Presidents Félix-Antoine Tshisekedi Tshilombo and Joe Biden.
View attachment 17223
View attachment 17228
View attachment 17229
View attachment 17222
View attachment 17226
View attachment 17225
*To Remind,
The DRC signs a memorandum of understanding with the United Arab Emirates for a1 billion USD investment
Prime Minister Jean-Michel Sama Lukonde Kyenge chaired, in his office, at the Primature, this Saturday, September 17, 2022, the signing ceremony of a memorandum of understanding between the company Primera Group Limited, an Emirati consortium, who represented the private sector of the United Arab Emirates and the Congolese government, represented by the Ministry of Mines, to strengthen and increase bilateral trade between these two countries.
It is the concretization of the agreements concluded between His Highness, the President of the United Arab Emirates, Sheikh Mohamed ben Zayed Al Nahyan and the President of the Republic, Félix-Antoine Tshisekedi Tshilombo during his visit in October 2021 to Abu Dhabi.
It should be noted that the protocol signed today concerns an investment of 1 billion US dollars.
This memorandum of understanding is a new step for the launch of future Emirati investments in the Democratic Republic of Congo.
Speaking to the press, Salem Aljaberi, charge d’affaires (in charge of preparing for the opening next November) of the United Arab Emirates embassy in Kinshasa, said that over the next year, many companies from the private sector of the United Arab Emirates will be jostling at the gates of the Democratic Republic of Congo to invest in the fields of Agriculture, Mining, and renewable energies.
View attachment 17232
View attachment 17234
*To Remind,
The Carriere de l’Este Pegmatite, with a mapped length of about 5,500m, is potentially the largest pegmatite in the Manono Project.
The thickness of intersected pegmatite and the geometric relationship between the location of the drill hole and mapped pegmatite boundaries suggests the thickness of the Carriere de l’Este pegmatite may be up to 280m true thickness at this location.
The initial drilling program has confirmed the immense size and potential of the Manono Lithium project.
*Why every millimetre of CDL is so important to us all moving forward imo
Food for thought on the Road to Mining Manono thanks to our Bro Joe, Blinken & Co
GLTA-AVZH's
Cheers
Frank
View attachment 17233
Like the Days of our DRC Lives, It's Heating Up alright
Highlights why Piedmont was invited to DRC with USA delegation.
DRC hedging their bets for a lithium hydroxide plant operated by non chinese parties.
AVZ can do the Primary lithium Sulphate then to hydroxide certainly not CATL / YIBIN connection within the DRC.
The critical mineral supply chain remains almost totally dominated by China, which controls most of the market for processing and refining minerals such as cobalt, lithium and other rare earths.
all imo
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