AVZ Discussion 2022
- Thread starter GazDix
- Start date
Meh. Doesn't worry me at all. Sitting back taking in all the points of view, including the ridiculous.
Truth is, we have NFI what the BoD is up to, what their strategy is, how much they know, how much influence in the DRC they have.
The DRC Ministers themselves don't know who took what paper bag and when in return for what as they all maneuver around each other. I don't see how the AVZ BoD are expected to know.
There are all sorts of conclusions being drawn that aren't necessarily true.
One is that the BoD were blindsided by the rescinded decrees. They may have been. But:
- That needed to be done to being 13559 back together, so I'd hope they expected that to happen at some point.
- The wording re: legal advice in this matter is not clear, and there is conjecture if that is to make sure it complies properly with the mining code (lessons learnt).
- The might not have known the exact timing of the release, but that doesn't surprise me given "DRC time".
Second is all the rubbish re: the usefulness of the announcement re: Marius.
I say that as a good thing (this is also a public warning to AFR that once this is sorted one way or the other, AVZ if going to extract some flesh from those on the sidelines insinuating they are engaging in corrupt practices and making the BoD jobs harder than it needs to be by being quoting in DRC press and affecting public sentiment).
Not only that, they weren't just defending themselves, but defending Marius who is our conduit to DRC Government. Gotta set the record straight ASAP re: the terms of his engagement and trustworthiness.
The BoD may be talking to Felix (photo opportunities mean stuff all to me), or they may not. Marius might be (lobbying is what he's paid for). He might not.
The only thing I know for certain has happened in the last few weeks is that:
- The incorrectly split tenement decrees have been rescinded, which needed to happen.
- Felix's announced reshuffle has had a few due dates come and go (Gee, I wonder why the BoD couldn't give us firm dates for ML?)
- The AFR's insurance lawyers are going to get some work due to Tommy's poor attempt at a hatchet job on Marius.
As for when a further decree gets issued, what it's for, if the MoP gets the arse (given she seems to be supporting Felix in the election), how connected AVZ are to higher levels of government, whether that's via Marius or directly......I have NFI.
Truth is, we have NFI what the BoD is up to, what their strategy is, how much they know, how much influence in the DRC they have.
The DRC Ministers themselves don't know who took what paper bag and when in return for what as they all maneuver around each other. I don't see how the AVZ BoD are expected to know.
There are all sorts of conclusions being drawn that aren't necessarily true.
One is that the BoD were blindsided by the rescinded decrees. They may have been. But:
- That needed to be done to being 13559 back together, so I'd hope they expected that to happen at some point.
- The wording re: legal advice in this matter is not clear, and there is conjecture if that is to make sure it complies properly with the mining code (lessons learnt).
- The might not have known the exact timing of the release, but that doesn't surprise me given "DRC time".
Second is all the rubbish re: the usefulness of the announcement re: Marius.
I say that as a good thing (this is also a public warning to AFR that once this is sorted one way or the other, AVZ if going to extract some flesh from those on the sidelines insinuating they are engaging in corrupt practices and making the BoD jobs harder than it needs to be by being quoting in DRC press and affecting public sentiment).
Not only that, they weren't just defending themselves, but defending Marius who is our conduit to DRC Government. Gotta set the record straight ASAP re: the terms of his engagement and trustworthiness.
The BoD may be talking to Felix (photo opportunities mean stuff all to me), or they may not. Marius might be (lobbying is what he's paid for). He might not.
The only thing I know for certain has happened in the last few weeks is that:
- The incorrectly split tenement decrees have been rescinded, which needed to happen.
- Felix's announced reshuffle has had a few due dates come and go (Gee, I wonder why the BoD couldn't give us firm dates for ML?)
- The AFR's insurance lawyers are going to get some work due to Tommy's poor attempt at a hatchet job on Marius.
As for when a further decree gets issued, what it's for, if the MoP gets the arse (given she seems to be supporting Felix in the election), how connected AVZ are to higher levels of government, whether that's via Marius or directly......I have NFI.
US, China Compete for Africa's Rare Earth Minerals
www.voanews.com
BRICK
Top 20
Quick!
Somoneone role out Tony Abbot to "shirtfront" him!
DiscoDanNZ
Regular
Quick!
Somoneone role out Tony Abbot to "shirtfront" him!
Why the fuck would you want him around?
Last seen eating raw onions, wearing lycra over his budgie smugglers and being a fucken bigot while clinging on to George Pells casket I heard.
TDITD
Top 20
All the way out here, he would bloody well make time for a meeting with AVZ surely? Surely shirley
The south Africa inbala was sponsor by Zijin. No wonderUS, China Compete for Africa's Rare Earth Minerals
www.voanews.com
At 30.05 - I heard Minister of Mines draft decree not Minister of Portfolio.
BRICK
Top 20
Not the first time netoo has got a little confused!
TDITD
Top 20
MoneyBags1348
Top 20
You (just like Roon) have said you don’t know what is going on Shemozzle, but you have no idea what I know or don’t know, or what sources I have…. And you and he would be the last people I would share information with, for obvious reasons.
I hope tommy and the trolls don’t use your comments here in their next posts to reinforce negativity and despair, and I wonder if you’re months of negative venting have made you and other shareholders feel better, rather than supportive of those who are actually trying to help our position.
You don’t seem to know what you are saying when you criticise a company that is fighting corruption. Any normal person would be trying to help that company fight corruption!!!!
I knew you would post a long list of comments defending your position, which you seem to think is in a bus that Nigel is going to drive into a tree with shit exploding in the background.
I also have people close who have suffered, and are suffering health conditions I wouldn’t wish on anyone but I don’t bring it up here as an excuse for my situation.
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TDITD
Top 20
Reform because she sold off assets waaaaay undervalue
they talk of transparency in the transfer of funds (all the while cutting back to a picture of the MOP, fucking ironic)
looks like new procedures to be put in around that with a minister supervising.
Minister of Portfolio submitted draft decrees on procedures relating to transactions on mining assets of public companies in the drc. To ensure transparency and consistency in transactions of state & public companies, any sales will be subject to council of ministers approval, after public competition and valuation of the assets.
Fark me, talk about the fox guarding the henhouse
how the fuck is she still there ? are they literally ignoring IGF report
or is this a Felix thing to humiliate her before she moves on ?
Is she shutting the gate for others to do as she has done ?
p.s
FUCK MUPANDE
Frank
Top 20
Ford plans to build EV battery plant in Michigan with Chinese partner
Ford Motor Co. and Contemporary Amperex Technology Co. Ltd. plan to build a battery plant in Michigan, according to people familiar with the matter, capping a months-long search that became mired in geopolitical tensions between the US and China.Ford is moving ahead with the project despite uncertainty around how the US Treasury Department will interpret requirements in President Joe Biden’s signature climate package, the Inflation Reduction Act.
The law is designed to withhold consumer tax credits for EVs made with a certain amount of China-linked materials in their batteries.
“We’ve said that we’re exploring batteries based on CATL’s technology for Ford vehicles and that we plan to localize” production in North America, Ford said in an emailed statement.
Ford announced in July it will begin using less expensive lithium iron phosphate battery packs from CATL on its Mustang Mach-E models this year and F-150 Lightning pickups in early 2024, which will boost output of those popular vehicles.
Ford has said it has a plan to source 40 gigawatt hours of those batteries annually in North America in 2026, but would initially import them from China.
Ford is investing $50 billion broadly to develop and build electric vehicles and plans to produce 2 million a year by the end of 2026.
The automaker was the No. 2 seller of EVs in the US last year, well behind Tesla Inc., which controls almost two-thirds of the American market.
mining.com
The case for tin should be stronger every year…
Tin has a number of monikers.The ‘spice metal’ — because a dash of it seems to be in just about everything — and the ‘forgotten battery metal’ are two.
And it would be easy to forget it was one of the base metals which saw a volatile 2022, with prices rising to all time highs of around US$50,000/t early last year following Russia’s invasion of Ukraine.
That came around the same time as similar pops in nickel and copper.
Unlike nickel, which held most of its gains (barring one crazy day when trading was suspended at over US$100,000/t) throughout last year, tin went into a deep funk.
In the end prices fell almost 37% to US$24,808/t by year’s end and at one point temporarily traded sub-US$18,000/t, cutting into the profitability of many producers.
Since the start of this year prices have risen 12% to US$27,745/t, and had at one point in January lifted to over US$32,000/t, levels high enough to incentivise new sources of production.
The commodity’s strong January is multi-faceted.
Protests saw the suspension of production at Minsur’s San Rafael mine in Peru, the world’s second largest individual source of tin metal and 9% of global raw material supply.
Major producer Indonesia, successful in turning its nickel industry into the largest in the world after banning metal ore exports almost a decade ago, is considering an export ban on tin ores this year as well. That has placed uncertainty in the market.
Meanwhile, demand has been recovering in China along with macroeconomic forces that have been positive for commodity demand with the end of its Covid Zero policies late last year.
And many big industry names are starting to take notice of the long overlooked commodity.
Yamana Gold founder Peter Marrone last week said the metal — previously extracted in mines now more fashionable as lithium producers like Greenbushes — was a key focus for him after his company’s US$4.8 billion sale to Pan American Silver and Agnico Eagle.
Beyond the short-term volatility, what does the long term outlook for tin have in store?
Jeremy Pearce from the ITA says solar ribbon, a solder-coated copper ribbon visible on the front of all solar panels, has grown from a low base to 22,000tpa of tin use in 2022.
By 2030 that is forecast to rise to 55,000tpa.
EVs are also more tin intensive than internal combustion engine cars, with more electronics and tin-copper electricals. The ITA forecasts an additional 10,000tpa by 2030 there, with another 10,000tpa potentially from digitisation 5G.
Pearce says there is an urgent need to invest in more of the critical but oft overlooked battery metal.
“(We see) no major increases this year but some new operations/expansions next year,” he told Stockhead from London via email.
“South America will steadily increase. Ditto Africa.
Some new secondary supply is coming in through the copper circuit.
“Supply pressure depends on how long macroeconomic disruptions hold back (the) technology demand curve … we might expect significant deficits after 2025.
“There is an urgent need to invest in more capacity.”
Get tin on the radar
As the effective glue of modern electronics, the supply chain for tin and its uses has a large concentration in China, which both produces and uses around half of all tin, according to Pearce.It has no net exports to write home about, but its tin mines have become static and supplies from neighbouring Myanmar have been declining, meaning it is increasingly hoovering up tin from around the world.
Could tin scale US$50,000/t highs again?
Tin’s remarkable rise to ~US$50,000/t last year — around 60% above historic highs — was short-lived, with macroeconomic forces common to other base metals hammering it to a 37% loss for 2022.While recovering supply and demand destruction from inflation played a role, in one sense it was disconnected from its fundamentals.
Warehouse tin stocks were down to just days’ worth in early 2022 and while they have recovered somewhat, they remain at a measure of weeks rather than months.
Don't forget the
Food for thought
Frank
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Underwaterdark
Regular
This article from this morning is worth a read, notes the cancellation of the decree was outside of the mining law.
"concerning the Manono lithium project in the province of Tanganyika. Against all expectations and to everyone's surprise, the Minister of Mines, Antoinette N'Samba Kalambay, miraculously and illegally cancelled, by order of January 28, 2023, the operating permit n°13359 of the company DATHCOM Mining SA much to the anger and disappointment of the populations of Manono. Reason given by the Minister: "conflicts between shareholders", this is not one of the reasons provided for by the mining law of the country."
Annulation du permis d’exploitation de DATHCOM sur le lithium de Manono : la main noire de Zijin et ses complices démasquée - L'info qui fait échos
Comme en 2009 lorsque l’australo-canadien First Quantum Minerals (FQM) s’est vu dépouiller de ses droits miniers dans l’ex-Katanga (Haut-Katanga et Lualaba) au profit d’un tiers, le Gouvernement Sama Lukonde, sous le règne de Félix Tshisekedi et avec les mêmes dirigeants aux commandes depuis...
econewsrdc-com.translate.goog
"concerning the Manono lithium project in the province of Tanganyika. Against all expectations and to everyone's surprise, the Minister of Mines, Antoinette N'Samba Kalambay, miraculously and illegally cancelled, by order of January 28, 2023, the operating permit n°13359 of the company DATHCOM Mining SA much to the anger and disappointment of the populations of Manono. Reason given by the Minister: "conflicts between shareholders", this is not one of the reasons provided for by the mining law of the country."
Isn't that a conflation of two things? The new decree undoes the previous splitting decree that had no foundation in DRC mining law; the new decree's reference to shareholder conflict wasn't mentioned as the basis of the old decree's reversal - it appears it's just a shot across the bows of AVZ (presumably to lay a pretext for some potential future action: "we warned you guys")This article from this morning is worth a read, notes the cancellation of the decree was outside of the mining law.
Annulation du permis d’exploitation de DATHCOM sur le lithium de Manono : la main noire de Zijin et ses complices démasquée - L'info qui fait échos
Comme en 2009 lorsque l’australo-canadien First Quantum Minerals (FQM) s’est vu dépouiller de ses droits miniers dans l’ex-Katanga (Haut-Katanga et Lualaba) au profit d’un tiers, le Gouvernement Sama Lukonde, sous le règne de Félix Tshisekedi et avec les mêmes dirigeants aux commandes depuis...econewsrdc-com.translate.goog
"concerning the Manono lithium project in the province of Tanganyika. Against all expectations and to everyone's surprise, the Minister of Mines, Antoinette N'Samba Kalambay, miraculously and illegally cancelled, by order of January 28, 2023, the operating permit n°13359 of the company DATHCOM Mining SA much to the anger and disappointment of the populations of Manono. Reason given by the Minister: "conflicts between shareholders", this is not one of the reasons provided for by the mining law of the country."
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