AVZ Discussion 2022

[Mr Inappropriate]

Definitely only the northern part

Since Zijin Mining, the parent company of JIN CHENG, which is one of the shareholders of DATHCOM, is eager to see the Manono lithium mining project develop successfully, given that the financial capacity, technical as well as operational have been demonstrated by Zijin Mining, which proves that it could move forward effectively in the construction and operation of the Manono lithium project; Given that the evaluation of the reserves in the PR13359 was made partially, during the transformation of the PR (Exploration Permit) into PE (Exploitation Permit), by the holder DATHCOM, who renounced the north-eastern part of the PR13359, which is the Affected Party; Given that COMINIERE's geologists have confirmed to Zijin Mining a certain mineralization potential within the scope of the Targeted Party; discuss the joint development of the Affected Party between ZijinMining and COMINIERE ".



Zijin is even more explicit: After the creation of the Joint-Venture, COMINIERE will assign the mining right on the Target Party legally held by it to the Joint-Venture, free of any lien, charge, claim, dispute and default. The research, development and exploitation of the Covered Party will be carried out on behalf of the Joint Venture. On the date on which COMINIERE transfers the mining right of the Target Party to the Joint Venture by completing all the relevant procedures such as registration, registration and notarization, and the Joint Venture becomes the legal and effective holder of 100% of the rights and interests of the Affected Party, ".

Finally, Zijin concludes his letter by noting that " to avoid any ambiguity, it should be specified that if COMINIERE fails to legally and effectively Transfer the mining right of the Party Targeted to the Joint Venture, COMINIERE will not have the right to demand from JIN CHENG the retrocession of 15% of shares in DATHCOM, nor the waiver of the payment it made for the acquisition of 15% in the capital of DATHCOM on behalf of COMINIERE ”.

This is truely breathtaking, especially the bolded. It’s a setup to box future decision-makers into a corner by creating very high exit/non-proceeding costs. I.e. if this agreement is not fully executed you will have no right to request back the shares that we illegally obtained. In fact you can‘t even waiver the payment for this illegal transaction, thus ensuring that we (Z) can claim forever more that “we paid for it, therefore it’s ours”.

I’m starting think that Zinjin are just a bunch of khunts. Thoughts?

 

[SilentOne]

Correct me if I am wrong but Zijin never fully paid for the 15% and what they had paid went on snacks.

There was nothing to give up if the transaction was never completed.

Just a thought bubble.

 

[Spikerama]

Is there any free HTML/CSS/JavaScript website hosting services?

Answer (1 of 7): Yes. AWS (Amazon Web Services) has a free tier that will let you do just about anything up to a reasonable scale: AWS Free Tier

www.quora.com

Consensus seems to be use GitHub or Amazon WS according to this Quora thread

Defo add a title if you can

Let me have a look. And yeah I think to Redaih's point and yours, it probably need contextualising.

Not sure we need a website to contain all the other information but maybe something linked to to UDS Counter. Like a headline top and bottom.

MINISTERIAL CORRUPTION
ILLEGAL SHARE TRANSFERS
CHINESE COERCION AND
BUREAUCRATIC DELAYS
HAVE LOST THE DRC GOV

USD $84,831,685

POTENTIAL REVENUE FROM
MANONO/AVZ MINE DELAY
SO FAR.

Something like that.

 

[Flight996]

How much are the grubs paying us for the North? You can't just give chunks away for free even if it's riddled with Mica.

Zijin didn't even finalise payment for the disputed 15%. It just paid $US5m deposit, which was absorbed in various expenses anyway. $US28m remains unpaid.
The DRC govt got SFA From that dodgy deal.
Surely, they would not fall for another Chinese pea-and-shell trick.
Cheers
F

 

[Carlos Danger]

Hi Underwaterdark
I understand Zijin's confidential and damning offer, dated 21 Oct 2022, expired 60 days from its receipt by Cominiere.
Nonetheless, it is a great find, and shows that Zijin Mining is still up to its old tricks. I hope that AVZ's board and legal team have a copy.
I also hope they are fully on their game.
Great work.
Cheers
F

Well spotted. Although Zijin could have made another offer since this one.

This is truely breathtaking, especially the bolded. It’s a setup to box future decision-makers into a corner by creating very high exit/non-proceeding costs. I.e. if this agreement is not fully executed you will have no right to request back the shares that we illegally obtained. In fact you can‘t even waiver the payment for this illegal transaction, thus ensuring that we (Z) can claim forever more that “we paid for it, therefore it’s ours”.

I’m starting think that Zinjin are just a bunch of khunts. Thoughts?

I added the bold on that line to make it easier for @Schemozzle to find the part of the offer that specified it was about the north due to his translation issues

Great pickup on the legal ramifications of that part of the deal. Zijin are a bunch of cunts. If this offer had of been accepted within the 60 days we would have heard about it by now.

Hopefully we get clarity soon on the intentions of the competent DRC authorities

 

[Charbella]

Let’s be honest which is a better scenario for AVZ, 15% of Dathcom to Zijin or the whole northern part to Zijin?

 

[JNRB]

Let’s be honest which is a better scenario for AVZ, 15% of Dathcom to Zijin or the whole northern part to Zijin?

Time for some out of the box thinking.
Zijin will fk off if they get the 'northern' tenement? Fine.

- MoM has shown they can split the tenement.
- They've already undone they split they previously did shaving off 70-odd squares.
- Now we just need to split it in the correct spot.

Zijin can have the 'northern' tenement... consisting of the northern half of the northern most square.

 

[Hudnut]

Let’s be honest which is a better scenario for AVZ, 15% of Dathcom to Zijin or the whole northern part to Zijin?

Or C), Zijin can fuck off and AVZ gets our just reward for doing all the work and stumping up the cash to make it happen.

 

[Samus]

Fuck Zijin.
Their corruption, blackmail and supreme arrogance has now been fully exposed.

Is there a full copy of the letter floating around or just the first page?

 

[SilentOne]

The simple fact is you don't reward dishonest and corrupt behavior - by doing so you are endorsing it and inviting the same behavior in the future.

Once compromised always compromised - the answer should be no to Zijin

 

[9cardomaha]

 

[Samus]

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[Retrobyte]

Has this been posted yet?

Traveling to manono district of Tanganyika province. | william mambwe

Traveling to manono district of Tanganyika province.

www.linkedin.com

 

[Mute22]

Has this been posted yet?

Traveling to manono district of Tanganyika province. | william mambwe

Traveling to manono district of Tanganyika province.

www.linkedin.com

View attachment 29427

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Anyone know why the AVZ logo has been removed from the entrance piece?

It's been that way since beginning of last year I think?

 

[Mr Inappropriate]

Let me have a look. And yeah I think to Redaih's point and yours, it probably need contextualising.

Not sure we need a website to contain all the other information but maybe something linked to to UDS Counter. Like a headline top and bottom.

MINISTERIAL CORRUPTION
ILLEGAL SHARE TRANSFERS
CHINESE COERCION AND
BUREAUCRATIC DELAYS
HAVE LOST THE DRC GOV

USD $84,831,685

POTENTIAL REVENUE FROM
MANONO/AVZ MINE DELAY
SO FAR.

Something like that.

Make it real, I reckon.

You could contextualise that $ figure in terms of schools, hospitals, roads etc for greater meaning. E.g.

• $22000 per school https://buildaschoolinafrica.org/
• €26 million per hospital https://www.fondationpierrefabre.org/en/combating-sickle-cell-disease/drc-new-hospital-kinshasa/
• Can’t find a cost per km of road,sorry.

 

[Carlos Danger]

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You're an absolute animal haha

Thank you so much for sourcing all these documents

I know it's a long shot and it probably doesn't exist as the original article on miningandbusiness.com has now been deleted but is there a copy in your bag of tricks of the alleged ordinance for the reshuffle?

Specifically ordinance no 21/018 allegedly of 13/01/2023

All good if not. And I'm a big fan of Spongebob too. He knows how to make the most out of life giving him a pineapple.

 

[Retrobyte]

Doing it right with 50ton liebherr crane at AVZ manono project, Tanganyika province in democratic republic of congo. | william mambwe

Doing it right with 50ton liebherr crane at AVZ manono project, Tanganyika province in democratic republic of congo. | 21 comments on LinkedIn

www.linkedin.com

 

[DiscoDanNZ]

Has this been posted yet?

Traveling to manono district of Tanganyika province. | william mambwe

Traveling to manono district of Tanganyika province.

www.linkedin.com

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There's that crane with the sick green rims, good to see it made it off the truck.

P. S. Fuck Zijin and there grubby tactics, I'm over it. Give them the North, give us our ML, open to market again get this dog to $1.50 + so I can get the fuck out with a big CGT payment and still have the mortgage to pay.

P. P. S. Fuck Felix and the DRC being open for investment preaching, the only thing that's open is their own pockets and pie holes.

 

[Mr Inappropriate]

Have we seen the document where AVZ allegedly renounces the northern section?

 

[timb89]

What does anyone make of the alleged video of Zinjin relqiunishing their 15% claim?

a) Misinterpret the video, from my recollection there were no subtitles and I was only relying on the commentary of others.
b) Was this possibly a staged video to distance Zinjin, whilst they bribed and pulled strings.