AVZ Discussion 2022
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Minerals against infrastructure with China, Tshisekedi accuses the Chinese of having made a lot of profits and demands the reassessment of the "century contract"
Democratic Republic of Congo President Felix Tshisekedi has slammed a $6.2 billion minerals-for-infrastructure deal with China, saying the world's biggest producer of a key metal for batteries has failed benefited from the agreement.
Congo, Africa's second largest country by landmass, is rich in natural resources - including copper and cobalt which are major components of electric vehicles - but remains one of the world's least developed countries.
Most of its minerals end up in China, which signed a landmark deal with Tshisekedi's predecessor in 2008 to swap roads and buildings for the two metals.
“The Chinese, they made a lot of money and made a lot of profit from this contract,” Tshisekedi said in an interview at the World Economic Forum in Davos, Switzerland.
“Now our need is just to rebalance things so that it becomes a win-win.
The renegotiation of the contract is part of a campaign by the president to ensure that the country is paid for the full value of its resources, which are increasingly in demand.
The deal with China was signed at a time when Congo was emerging from decades of dictatorship and war and newly elected President Joseph Kabila was in desperate need of funding.
He demanded that Chinese companies invest $3.2 billion in a copper-cobalt mine and another $3 billion in infrastructure funded by the mine's revenues.
" Nothing concrete "
The Congolese government says China has released less than a third of infrastructure funds.
“We are happy to be friends with the Chinese, but the contract was badly drafted, very badly,” Tshisekedi said.
“Today, the Democratic Republic of Congo has not benefited from it.
There is nothing tangible, no positive impact, I would say, for our population.
The Chinese embassy in Congo and the Chinese ambassador did not immediately respond to an email and text message seeking comment on the negotiations, which have been going on for more than a year.
"You know, the Chinese are the champions of marathon talks," Tshisekedi said.
“They are known around the world for this. We are living this experience now and so, we will see, but we remain optimistic.
Negotiations are also dragging on at the Grand Inga site with Australia's Fortescue Metals Group Ltd., which has a memorandum of understanding with Congo to develop what could be the world's biggest hydropower project, Tshisekedi said.
African investors
The president wants Fortescue to allow other investors to participate in the deal, particularly from Africa, and possibly scale back its ambitions to accelerate development, he said.
“We are not on the same wavelength,” he said, adding that he had met Andrew Forrest in Davos, the chairman of Fortescue.
“We want to make this a kind of opportunity to also unite other interests, especially African interests,” Tshisekedi said.
“We are open to everything, to all discussions, to all meetings.
Discussions with Fortescue are continuing, Tshisekedi's director of communications later confirmed.
Fortescue Future Industries Ltd. plans to use Inga's energy, which could potentially be twice as powerful as China's Three Gorges project, to produce green hydrogen and green ammonia.
The company is in "active discussions" about the project, FFI chief executive Mark Hutchinson said in an email response to a request for comment.
Tshisekedi plans to travel to Australia to continue those talks, he said.
“Fortescue has a team in the DRC and continues to work closely with the government to get things done,” Hutchinson said.
“Fortescue welcomes other partners in this important project.
There is no timetable for the next phase of Inga, the 10 gigawatt project known as Inga 3, Tshisekedi said.
mediacongo
View attachment 27768
*Funny how when your name is Forest you easily get the Presidents ( Felix ) attention
But when your name is Nigel he ignores you and your massive Hard Rock deposit
WTF Fatshi
Frank
View attachment 27772
Mr Inappropriate
Regular
Based on the layout of the room (with Jules at a desk and the others in rows of seating) and his assertive tone I’d suggest they were journos, but they’re all dressed in suits, so fuck knows…
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Sorry but just look at them. Just exudes professionalism. Ah well.
Sorry couldn't help myself.
But that is it
No, they're Jules field investigators or foot soldiers, shown when he mentioned them.
Carlos Danger
Top 20
Trigger warning for all the atheists but the Pope is coming to town. Hopefully Nigel gets a photo with him 
Retrobyte
Hates a beer
his nickname is "Strap On" .... she bang you
Frank
Top 20
*Speaking of Crooks, I see where,
Makala Central Prison: altercation between JM Kabund and Fortunat Biselele
Taken to the central prison of Makala last Friday, January 20, Fortunat Biselele was very badly received by Jean-Marc Kabund who has been there for more than six months.
Sources close to this prison inform us that the two former relatives of President Félix Tshisekedi almost came to blows.
For Kabund, say the same sources, if he finds himself in Makala, it is because of Fortunat Biselele.
The latter was protected by security on the spot, and settled far from pavilion 8 where he should be staying, the same building where JM Kabund is.
It should be remembered that the former first vice-president of the National Assembly had narrowly avoided a lynching on the part of François Beya, when he arrived in this penitentiary center.
In turn, François Beya was not welcome finding Vital Kamerhe in the same place.
mediacongo
Food for thought on the Days of our DRC Lives
Frank
MoneyBags1348
Top 20
@Xerof…. A little light reading for you Arse, on the Minister of Mines.
I’m not overly interested in her any more but you and I wondered for months who’s side she is on. My last thoughts on her were that she had no prior experience in anything to do with mining, was out of her depth and lacked any sense of authority to act against Mupande and speak up on our behalf.
Hopefully she’s being removed from that position in the new cabinet reshuffle and maybe this is her pat on the back
As you pointed out previously, it looks like Guy Loanda has been moved on from his previous position in cabinet too, another minister you and I long suspected of corruption
Kinshasa, January 23rd, 2023 (CPA) – The woman’s prize was awarded on Friday to the Minister in charge of Mines, Antoinette N’samba Kalambayi, selected among the winners of the « Muana Mboka » Trophy evening organised at the Pullman Hotel in Kinshasa in the Democratic Republic of Congo.
« Her choice was made thanks to her results-oriented management, the Minister of Mines has several achievements to her credit, including the signing of the Inter-ministerial Order on the management of the 0.3% of turnover allocation in favour of local communities impacted by mining activities with her colleague from the Ministry of Social Affairs and Humanitarian Actions, the signing of the second amendment to the contract with the Spanish company X-Calibur for airborne geophysical mapping of the six priority blocks contained in the National Strategic Exploration Plan for the certification of the DRC’s mining reserves and many other achievements », said the organisers of this trophy
I’m not overly interested in her any more but you and I wondered for months who’s side she is on. My last thoughts on her were that she had no prior experience in anything to do with mining, was out of her depth and lacked any sense of authority to act against Mupande and speak up on our behalf.
Hopefully she’s being removed from that position in the new cabinet reshuffle and maybe this is her pat on the back
As you pointed out previously, it looks like Guy Loanda has been moved on from his previous position in cabinet too, another minister you and I long suspected of corruption
Kinshasa, January 23rd, 2023 (CPA) – The woman’s prize was awarded on Friday to the Minister in charge of Mines, Antoinette N’samba Kalambayi, selected among the winners of the « Muana Mboka » Trophy evening organised at the Pullman Hotel in Kinshasa in the Democratic Republic of Congo.
« Her choice was made thanks to her results-oriented management, the Minister of Mines has several achievements to her credit, including the signing of the Inter-ministerial Order on the management of the 0.3% of turnover allocation in favour of local communities impacted by mining activities with her colleague from the Ministry of Social Affairs and Humanitarian Actions, the signing of the second amendment to the contract with the Spanish company X-Calibur for airborne geophysical mapping of the six priority blocks contained in the National Strategic Exploration Plan for the certification of the DRC’s mining reserves and many other achievements », said the organisers of this trophy
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Xerof
Is There Anybody Out There 1979
Trigger warning for all the atheists but the Pope is coming to town. Hopefully Nigel gets a photo with him
View attachment 27806
I hope he remembers I'll be arriving in Rome 13th February. I haven't made an appointment but I'm sure he'll hear through the grapevine that I'm in town and be ready to crack a Chianti
Carlos Danger
Top 20
Tough one to call. While Biselele has the obvious weight, height and reach advantage, Kabund just looks like someone that can throw serious hands. Plus he has 6 months of extra training time on the inside. Kabund in 8 for me.*Speaking of Crooks, I see where,
Makala Central Prison: altercation between JM Kabund and Fortunat Biselele
View attachment 27817
Taken to the central prison of Makala last Friday, January 20, Fortunat Biselele was very badly received by Jean-Marc Kabund who has been there for more than six months.
Sources close to this prison inform us that the two former relatives of President Félix Tshisekedi almost came to blows.
For Kabund, say the same sources, if he finds himself in Makala, it is because of Fortunat Biselele.
The latter was protected by security on the spot, and settled far from pavilion 8 where he should be staying, the same building where JM Kabund is.
It should be remembered that the former first vice-president of the National Assembly had narrowly avoided a lynching on the part of François Beya, when he arrived in this penitentiary center.
In turn, François Beya was not welcome finding Vital Kamerhe in the same place.
mediacongo
View attachment 27819
Food for thought on the Days of our DRC Lives
Frank
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Xerof
Is There Anybody Out There 1979
@Xerof…. A little light reading for you Arse, on the Minister of Mines.
I’m not overly interested in her any more but you and I wondered for months who’s side she is on. My last thoughts on her were that she had no prior experience in anything to do with mining, was out of her depth and lacked any sense of authority to act against Mupande and speak up on our behalf.
Hopefully she’s being removed from that position in the new cabinet reshuffle and maybe this is her pat on the back
As you pointed out previously, it looks like Guy Loanda has been moved on from his previous position in cabinet too, another minister you and I long suspected of corruption
Kinshasa, January 23rd, 2023 (CPA) – The woman’s prize was awarded on Friday to the Minister in charge of Mines, Antoinette N’samba Kalambayi, selected among the winners of the « Muana Mboka » Trophy evening organised at the Pullman Hotel in Kinshasa in the Democratic Republic of Congo.
Mate, I've formed a view she's not corrupt, just incompetent when it comes to following the Mining Code. I know a few (Jens eg) think she's the bee knees, but let's see what happens.
On the other hand, the only competition for the 'woman's prize' might have been the green mamba, so she would win by default
Arsehole
bloke383
Regular
Wasn't it the MoM who introduced AJN (?) back into the mix quite some time ago . She made a statement along the lines of " I know they have had a bad reputation in the past , but rest assured I've done my due diligence and everything will be ok with them form now on " . Can anyone else recall if this was the case ?
Kiki Kienge is generally "pro AVZ", but these recent tweets and replies make it sound as though he's wearing down too.
Always hard to know with Twitter though - short, translated phrases quickly become cryptic.
Apologies for format, hard to screen grab and translate tweets coherently, especially on the phone.
Always hard to know with Twitter though - short, translated phrases quickly become cryptic.
Apologies for format, hard to screen grab and translate tweets coherently, especially on the phone.
MoneyBags1348
Top 20
Africa Intelligence is a great website for information but I don’t subscribe to any websites so I can’t remember if the following link is the one you are referring to:
DRC : With AJN, serial entrepreneur Klaus Eckhof could dig deeper into Manono lithium - 02/05/2022 - Africa Intelligence
The deal AJN Resources has struck with the Congolese state should enable the company and its CEO, the DRC mining-savvy Klaus Eckhof, to start lithium exploration in the Manono area, in addition to - 5/2/2022
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