AVZ Discussion 2022

cruiser51

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AVZ and DRC Ministry of Industry to develop SEZ​


Guest Contributor
ByGuest Contributor
Feb 18, 2020

AVZ minerals
AVZ Minerals has executed a binding MoU with the Ministry of Industry for the development of a Special Economic Zone (SEZ) in Manono, in the Tanganyika Province in the Democratic Republic of Congo.
The purpose of the MoU is to set up the terms for collaboration and negotiation between the Ministry of Industry and AVZ with a view to establishing the “Manono Special Economic Zone” in the Tanganyika Province and the development of basic infrastructure within the same.
Development of the Manono Lithium and Tin Project and associated infrastructure for mining operations including the export of product, would be at the core of these developments.

Read more about mining in central Africa
AVZ management team, led by Balthazar Tshiseke, Serge Ngandu and Christian Lukusa, on behalf of its 60% controlled subsidiary Dathcom Mining SA, presented the Manono Lithium and Tin Project to a panel of delegates from the Ministry of Industry, the Special Advisor to the President on Infrastructure and the Head of the Special Economic Zone Agency.
In essence, a Special Economic Zone provides for an “investor to enjoy exemptions or reductions, either permanently or temporarily, in a degressive or non-degressive manner, with or without the possibility of renewal or extension, on direct or indirect taxes, domestic duties and taxes, national, provincial and municipal royalties, import or export duties payable in Democratic Republic of Congo”.
AVZ as the developer of the SEZ, would be eligible to additional benefits from the Congolese Government as opposed to being purely an investor in the SEZ.
AVZ intends to secure the services of a suitably qualified manager to run the SEZ under contract which will be a joint venture between the Government, a financier, a manager and AVZ. Further terms for this joint venture will be discussed.
The MoU has a 12-month term and can be terminated in the event of non-performance by either party. Within four months of executing the MoU, AVZ will commit to defining and delineating the geographical area of the “Manono Special Economic Zone”.
The defined geographical area will initially include all essential infrastructure such as water, power (the Mpiana Mwanga hydro facility) and roads including the Manono Lithium and Tin Project licences (PR13359, PR4029 and PR4030) to facilitate a successful mining operation.
Read: AVZ Minerals DFS study expected end-March
A special workshop including the respective government representatives, has been organised in March to address these matters, including the framework for development and satisfaction of all conditions for the SEZ.
Under the MoU, the Ministry of Industry of the DRC commits to:
  • Grant all necessary legal authorisation for the completion of the SEZ;
  • Make all relevant information available to AVZ and facilitate team missions;
  • Engage with AVZ in a Public Private Partnership; and
  • Support AVZ in its administrative process to develop basic infrastructure including the Mpiana Mwanga hydroelectric power plant, communication channels (Roads, Rail, lake transport, etc.) that would contribute to the promotion of the industrialisation in the Manono SEZ and, in particular, to that of the lithium industry in the DRC.
AVZ’s MD, Nigel Ferguson, said: “We are extremely excited by this major step forward for the Manono Lithium and Tin Project. The Congolese Government has executed on what they stated they would do in support of the Manono district and they clearly agree with us, in that AVZ’s Manono Lithium and Tin Project can be a major catalyst for the redevelopment and invigoration of the Manono district to its former glory.”
At the signing of the Memorandum of Understanding, the Minister for Industry, the Honourable Minister Julien Paluku, stated: “Industry must now be a factor of stability and peace with the creation of wealth and jobs…” because “we intend to change the perception and transform this ‘triangle’ into a ‘triangle’ of industrialisation that will result in job creation…”
Ferguson said: “AVZ is very much onboard with the redevelopment of the province to allow what was once a bustling industrial and mining community to again be allowed to shine through direct investment in infrastructure, job creation and the education of its residents on the back of the Manono Lithium and Tin Project being commissioned.”
 
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JAG

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Translated from French by Google
https://miningreview.com/battery-metals/avz-minerals-and-drc-ministry-of-industry-to-develop-sez/…

How many Special Economic Zones for electric batteries in the DRC? Kinsevere, ZES of Manono announced by PR05
@fatshi13 at Mining Indaba, Chinese ZES of Mr. Paluku


Julien Paluku

Translated from French by Google
#RDC - #CHINE :
After the installation of the Congolese Battery Council, working session today with ZHU JING, Chinese Ambassador. On the menu: the interest of Chinese companies (including CATL) in the electric battery value chain project and the Chinese SEZ

And a quick reply to that post....

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TheCount

Regular
I want to create another poster. This one about the Princess.

Does anyone have an English translation of the IGF report or better still a summary of the section that implicates her?

I just want to be very clear and accurate with the rhetoric.
Screen Shot 2023-02-24 at 3.30.34 pm.png

TC
 
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Remark

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I think we should start up a GoFuckme account for the Princess, the poor thing.

Of course we would have to deposit the proceeds into a brown paper bag so she'd know what it was :LOL:
 
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Spikerama

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b) Market value of COMINIERE SA's 15% of shares in DATHCOM Mining sold to ZIJIN Mining.

While the final feasibility study of the LITHIUM-only deposit project had communicated its results according to which the 100% of DATHCOM's shares were worth USD 1,028,000,000 and that the 15% of COMINIERE's shares were already worth USD 154,200,000, these (15% of the shares) were sold to ZIJING MINING for the derisory amount of USD 33,440,000, resulting in a loss of revenue of USD 120,760,000.

This sale engages the responsibility of the management of COMINIERE and the Ministry of the Portfolio which had given the authorisation.

c) Use of USD 33,440,000 of the proceeds from the sale of COMINIERE's 15% shares in DATHCOM

While the fundamental reason given for selling this 15% of the shares was to improve COMINIERE's operations, it was found that the amount of USD 33,440,000 was squandered as follows:

• 5% of the transfer price, i.e., USD 1,672,000.00 paid to FOCUS PLAIDOIRIE as commissions and fees;
•5%ofthetransferprice,i.e.,USD1,672,000.00paidtothemembers of the Board of Directors as exceptional remuneration;
• USD 700,000.00 paid to the two consultants who produced complacency studies on the basis of a price dumping for the transfer of the 15% of the shares was carried out;

• USD 770,662.00 for remuneration of staff

III. CONCLUSION

The General Inspectorate of Finance concludes that COMINIERE S.A. mining assets were intentionally sold off by its management team with the participation of the Ministry of the Portfolio.

Kinshasa, 30 November 2022
GENERAL INSPECTORATE OF FINANCE


b) Market value of COMINIERE SA's 15% of shares in DATHCOM Mining sold to ZIJIN Mining.

While the final feasibility study of the LITHIUM-only deposit project had communicated its results according to which the 100% of DATHCOM's shares were worth USD 1,028,000,000 and that the 15% of COMINIERE's shares were already worth USD 154,200,000, these (15% of the shares) were sold to ZIJING MINING for the derisory amount of USD 33,440,000, resulting in a loss of revenue of USD 120,760,000.

This sale engages the responsibility of the management of COMINIERE and the Ministry of the Portfolio which had given the authorisation.

c) Use of USD 33,440,000 of the proceeds from the sale of COMINIERE's 15% shares in DATHCOM

While the fundamental reason given for selling this 15% of the shares was to improve COMINIERE's operations, it was found that the amount of USD 33,440,000 was squandered as follows:

• 5% of the transfer price, i.e., USD 1,672,000.00 paid to FOCUS PLAIDOIRIE as commissions and fees;
•5%ofthetransferprice,i.e.,USD1,672,000.00paidtothemembers of the Board of Directors as exceptional remuneration;
• USD 700,000.00 paid to the two consultants who produced complacency studies on the basis of a price dumping for the transfer of the 15% of the shares was carried out;

• USD 770,662.00 for remuneration of staff

III. CONCLUSION

The General Inspectorate of Finance concludes that COMINIERE S.A. mining assets were intentionally sold off by its management team with the participation of the Ministry of the Portfolio.

Kinshasa, 30 November 2022
GENERAL INSPECTORATE OF FINANCE

That's perfect MoneyBags. Thank you kindly.
 
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JAG

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Spikerama

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New times and two versions of this up in the Assets Thread now.

 

Attachments

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Mute22

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Can frogs online translate the key points there? Auto translate is iffy

 
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Getting sick of corrupt Chinese mining companies continuing to get to away with bribing, lying, extorting and trying to blackmail their way into owning projects in the DRC.



The Chinese embassy insulting and denouncing the Inspector General of Finance saying his report is not credible

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Chinese ambassadors photographed shaking hands and doing deals with DRC politicians

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Meanwhile….

Over the last 6 years in the DRC, AVZ Minerals has carried out Soil Sampling, Field Mapping, Consulting, Drilling, Metallurgical Testing, Completing a FEED Study, Environmental Study and Impact Assessment Reports including Groundwater Management, a 160 page Definitive Feasibility Study, a SEZ Agreement, Tendering for Mining Infrastructure, Legally Obtaining and Paying For an Increased Share of Dathcom, Obtaining Several Offtake Agreements for both Lithium and Tin, Raising Capital, Negotiating Funding with Pan African DFI’s and a Funding and Offtake Agreement with CATH, Presenting at the Battery Minerals Conference, Legally Fulfilling all Requirements to Obtain the Mining License, Including Receiving the Ministerial Decree to Award the Mining License and producing an 85 page Sustainability Report, Spending millions of dollars and Supporting the Local Community….


AVZ Minerals 85 page Sustainability Report made the following commitments to the DRC Government and people

1. Environmental and Social Governance (ESG)
2. Commitment to socio - economic benefits
3. Preserving environmental values
4. Providing a transparent and ethical supply chain
5. Ending poverty
6. Improving health and education
7. Reducing inequality
8. Contributing to economic growth
9. Minimising greenhouse gas emissions
10. Preserving biodiversity
11. Restoring the Mpiana Mwanga Power Plant
12. Supplying energy to local communities
13. Making a positive contribution to the lives of people in the region
14. Including direct and indirect employment opportunities
15. Leaving a positive legacy for future generations
16. Maintaining a strong sense of loyalty


State owned mining company Cominiere caught fraudulently selling its shares to Chinese company Zigin by the Inspector General of Finance resulting in the Director General and Technical Director of Cominiere being charged.
 
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Mute22

Regular
Can frogs online translate the key points there? Auto translate is iffy


Is this absolute muppet saying what I think he is that it was AVZ who engaged in corruption? What an effeing joke.

Chinese know no shame in bribing journalists do they?
 
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DON’T FORGET TO SIGN UP FOR THE DRC MINING CORRUPTION
WEEK EVENTS IN
JUNE AND SEPTEMBER

ORGANISED BY THE VUKA GROUP

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WHO WILL YOU BE VOTING FOR IN THIS YEARS DRC - CHINESE ELECTIONS

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Sorry fellow TSE members…. It was all the DRC politicians shaking hands with the people that are illegally trying to usurp the people of the DRC and our company that made me do it 👊💥☺️
 
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ptlas

Regular
Is this absolute muppet saying what I think he is that it was AVZ who engaged in corruption? What an effeing joke.

Chinese know no shame in bribing journalists do they?
Yes.
The translation isn't great but does give the gist.

My schoolboy French has improved markedly in the last year or so and I could follow audio, but I found his logic and argument absolute BS.
Gave up halfway through.

Just another distraction/muddying of the waters
 
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Ozthescot

Regular
More and more news coming out of the DRC in favour of the Chinese and their deals, Sicomines deal fucking over the DRC owing billions but its Ok here's a signed agreement for $500M in infrastructure as a bit of compo when they owe billions, corruption brushed under the carpet! Out pops brown paper bags.

Now this bollocks of a chinese SEZ for battery minerals wtf?! AVZs idea! Its clear looking at how things are over there corruption is very deep rooted.

Amongst all this press not a peep from AVZ, I'm not buying the whole we cant say anything because dont wanna tip off the detractors?! IMO there's not a word from the board because if this goes south they dont wanna leave themselves open for litigation!

My guess come Tuesday obviously another extension and the CATH deal ,well they will just extend, why would they pull out and lose the $20M ( correct me if im wrong) when if it goes south they pay nothing!!

Anyways Rant over and HAGW all, it's midday here and im getting on the single Malt, fuck it!!!
 
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TDITD

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More and more news coming out of the DRC in favour of the Chinese and their deals, Sicomines deal fucking over the DRC owing billions but its Ok here's a signed agreement for $500M in infrastructure as a bit of compo when they owe billions, corruption brushed under the carpet! Out pops brown paper bags.

Now this bollocks of a chinese SEZ for battery minerals wtf?! AVZs idea! Its clear looking at how things are over there corruption is very deep rooted.

Amongst all this press not a peep from AVZ, I'm not buying the whole we cant say anything because dont wanna tip off the detractors?! IMO there's not a word from the board because if this goes south they dont wanna leave themselves open for litigation!

My guess come Tuesday obviously another extension and the CATH deal ,well they will just extend, why would they pull out and lose the $20M ( correct me if im wrong) when if it goes south they pay nothing!!

Anyways Rant over and HAGW all, it's midday here and im getting on the single Malt, fuck it!!!
You could do as I'm starting to do and pick a good pic of the latest AVZ related news....then absolutely lose your fuxking mind posting all over Twitter.
Just come off a Rampage myself, felt good.

Mike Tyson got it, royal ballet uk, air force Australia, magnus Carlson, Dalai Lama, Emmanuel Macron, Kermit the frog, Canelo Alverez, Roland Garros, Lewis Hamilton, NZ All blacks, count the count, big bird.....and many more got served up the lovely pic @JAG does up with the ICC countdown on it. (Normally im strategic with it, this time I scatter gunned throwing shit everywhere like a Zijin lawyer).

Ahhhhhh my Zen, now back in the room
 
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Frank

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Sino-Congolese contract: "Stop politicizing the Sicomines affair"

“We send a message to all those who want to do political recovery of the Sicomines affair: stop.


The General Inspectorate of Finance has produced a technical report.

This mission started 6 months ago.

It is not because there are elections today that we have to stop working", declares, guest of the Special Edition on Top Congo FM, Jules Alingete, head of the services of the General Inspectorate of Finances (IGF), about the "misguided sons of the DRC" who accompanied (by passivity or complicity) Chinese companies in the selling off of natural resources within the framework of what were then called "Chinese contracts" signed in April 2008.

"Let those who are agitated, stop. My brothers Congolese politicians who were agitating, you are not concerned. Do not be afraid.

Be with us to defend the interests of the Congo, don't play into the hands of these Chinese companies who put forward to make believe that this is a problem between Congolese.

Stop your useless agitations”, he urges.

"The message I send them is that we have no problem with you. We understand the circumstances in which you acted. We say to you (simply): Congo first", reassures Jules Alingete.


"The report is technical and can be summed up in one thing: what we were promised in the agreement has not been given to us. We are only asking that we be able to give it and that in addition, we revisit the agreement to rebalancing the benefits, just that," he insists.

The Chinese didn't execute the convention alone?

"There are also many Congolese, Congolese structures that have intervened, but I do not want to put them on the dock.

I would simply like these Congolese to be with us to ask, in the interest of Congo, the Chinese side, its companies, to fulfill their commitments.


A point, a line", pleads the chief inspector.

“We ask Chinese companies involved in the convention to fulfill their commitment.

Subsequently, we ask these companies to sit down with the agency responsible for monitoring and coordinating their activities to examine the review of this contract which is totally unbalanced", he explains.

What about the status quo?

And in the case of China or at least its companies did not move one iota, Jules Alingete begins by noting "that the Congolese government has done what it promised.

They (Chinese companies) have promised infrastructure, it's a commitment.


They have to keep it (as long as they) recognize that we are at 822 million dollars instead of 3 billion over 15 years”.

And it is precisely "where we can say that the Congolese have abused, it is in the 822 million dollars of infrastructure that we estimate to have been overcharged.

In this Congolese part, there is the Agency for Major Works which was responsible for monitoring", he reveals, before returning to the hypothesis where the Chinese part does not run.

"The operating permit is renewable by the government", begins by recalling this senior public official.

Already, “next year, it will have to be renewed.

The government may not renew the permits.

These are coercive measures to lead to negotiation.


It's not just that (need to know).

Today, they no longer have exemptions.

There are other measures we can take," he said.


The political class, a misfortune

However, "these are partners and we are within the framework of a convention.

Let's not set fires.

We ask them (simply) to fulfill their commitment and that we can examine the agreement to see which provisions will have to be revisited", resumes Jules Alingete before going there with his clear and absolutely sharp peak: "The misfortune of the Congolese people is their political class".

Certainly, "it is true that in this political class, we have values, but the majority, nearly 90% of the people who are part of the Congolese political class promote mediocrity, to paraphrase Cardinal Mosengwo", formulates he.

“I go even further: they promote hooliganism.


That is to say public governance by corrupt people.

We must be patriots, we must love Congo.

If we do not defend the interests of Congo, there is no one who will come to do it in our place", he says.


mediacongo

View attachment 30316


Chinese contract unpacked: Jules Alingete scratches and puts pressure, Sicomines already drops 700 million dollars!

Jules Alingete played and won the DR-Congo, which lost billions in the deal with China presented as the "contract of the century" which should be "win-win".

The investigation into this contract, carried out by the brigade of inspectors of the General Inspectorate of Finance -IGF- under the leadership of Alingete, revealed a flagrant imbalance in favor of Chinese interests.


The gain of the Grouping of Chinese companies -GEC-, born following the conclusion of the "contract of the century" in 2008, was evaluated at USD 76 billion by the IGF while the DR-Congo only obtained USD 3 billion.

In the end, revealed "Jeune Afrique", which got its hands on a still confidential part of the audit submitted to President Félix Tshisekedi, the Chinese side has only mobilized USD 4.47 billion in 14 years, of which only 822 million were used to finance the construction of infrastructures, moreover "invisible".

The IGF report caused an outcry on the web, not without putting "pressure" on the negotiations started last November between the GEC and the DR-Congolese State, represented by the Agence de pilotage de coordination et de follow-up of collaboration agreements -APSC.

The latter, created in March 2022 to monitor the various collaboration agreements between the DR-Congo and its private partners, replaced the Coordination and Monitoring Office of the Sino-Congolese Program - BCPSC.

The Director General of the APSC, Freddy Yody Chembo, during his speech on the airwaves of Top Congo, announced that the Sino-Congolese mines -SICOMINES-, one of the companies of the GEC, will release a total of USD 700 million this year for the construction of infrastructure for the benefit of the DR-Congo.

Thanks to this same intervention, Freddy Yody Chembo acknowledged that “the IGF report has increased the pressure” on Chinese companies which have already dropped USD 500 million while negotiations continue.


This sum will be released in two stages: first USD 350 million and then USD 150 million.

It will, according to the director general of the APSC, be injected into projects “to be carried out by the Ministry of Infrastructure”.

The DR-Congolese party, he said, has requested an additional USD 200 million which will bring the total amount to be paid into the Treasury account this year to USD 700 million.

"The negotiations being in progress, it is likely to go beyond these 700 million which will allow the Republic to regain its rights", an observer told AfricaNews, while welcoming the "work of the titans" carried out by Jules Alingete, head of the General Inspectorate of Finance -IGF-, to "give a necessary push to the negotiations so that the Chinese contract can really benefit the DR-Congolese".

For Alingete and its inspectors, this contract, in its initial form, represented “unacceptable economic colonization”.


This, given that the country has lost 3,500 km of road, as many kilometers of railway, 31 hospitals and 145 health centers.

These various infrastructures should be built by Chinese companies in return for the exploitation of the DR-Congolese mines.

They should cost 6.5 billion.

To President Félix Tshisekedi, the IGF handed over a list of requirements to correct the “glaring imbalance” found in the Chinese contract.

These include the revision of the distribution of the capital of SICOMINES by taking into account the value of the deposits provided by Gécamines, the revaluation of the amount of infrastructure to be financed by the Chinese party to USD 20 billion USD.

mediacongo

Chinese contract: ODEP suspected of wanting to play a dirty trick on candidate Moise Katumbi

After the revelation, by the General Inspectorate of Finance -IGF- of the leonine and unbalanced nature of the Chinese contract, the Observatory of Public Expenditure -ODEP- hastened to publish a list of former officials of the Democratic Republic of Congo involved, according to the NGO, in the signing of this deal.

Cited among the latter, Moïse Katumbi, former governor of the former province of Katanga, never negotiated or signed this contract, reacted a member of his entourage, describing the copy of the ODEP as a sham and fanciful.

“How could a governor sign a negotiated contract between the government of the Republic and Chinese companies?

In what capacity would he have done it?

This was in no way within his remit, even if the minerals covered by this contract are buried in the subsoil of the province of which Katumbi was the governor at the time of the signing, "said this close friend of the former Gov' , convinced that the ODEP has poured into misinformation and a political undermining campaign targeting a candidate for President of the Republic, demanding a public apology from the leaders of this NGO.

"If the ODEP does not retract itself with regard to Katumbi, we will deduce that its leaders wanted to take advantage of the IGF report to play a dirty trick on a candidate for President of the Republic", says, for his part, a Katumbist deputy.

While the ODEP also involved him in this soap opera of the signing of the Chinese contract, Augustin Matata Ponyo was quick to defend himself.

“I have never signed Chinese contracts,” he said.

#i-know-nothing-i-hear-nothing.jpg


Also launched in the December 2023 presidential race, Matata Ponyo recalled that these contracts "were signed in 2008" when he was director general of the Central Coordination Office -Bceco- "and not Minister of Finance" .

He clarified that the execution of these contracts was done exclusively by the Chinese Contracts Monitoring Office which depended on the presidency and not on the government.

“I have never signed Chinese contracts. They were signed in 2008 when I was D.G of Bceco and not minister. Finances.

The execution of these contracts was done exclusively by the Chinese Contracts Monitoring Office which depended on the Presidency and not on the Government,” he wrote.


Chinese contracts: "Yes to the revision, No to the confrontation between the great powers in the DRC", Adolphe Muzito

“Adolphe Muzito, potential presidential candidate for 2023, is in favor of a revision that “guarantees the rights of investors and the Congolese people” and opposes any confrontation, around natural resources, between major powers in the DRC. , which would gain nothing.


Passing through Brussels recently, in an interview granted to the South-China Morning Post, the former Congolese Prime Minister, estimates that the agreement of 6 billion US dollars for which, out of the 3 billion planned for infrastructures, "only 800 million dollars have been disbursed, but still no infrastructure in sight…an injustice”, reads the article, below.

Chinese contracts in the DRC are again under criticism.

This time, they come from the former budget minister and former Congolese Prime Minister Adolphe Muzito under whom these agreements – between the Congolese government and a group of Chinese companies – were signed in 2008.

Passing through Brussels, in an interview granted to the South-China Morning Post, the former Congolese Prime Minister, estimated that the 6 billion US dollar agreement for which, out of the 3 billion planned for infrastructure, "only 800 millions of dollars have been disbursed, but still no infrastructure in sight… an injustice”.

Adolphe Muzito, potential presidential candidate for 2023, is in favor of a revision that "guarantees the rights of investors and the Congolese people" and opposes any confrontation, around natural resources, between the great powers in the DRC, who would gain nothing.

His criticisms repeat the conclusions reached by NGOs and the Congolese government, which had noted the large lack of execution suffered by the infrastructure component compared to the mining component of these agreements.

Chinese contracts: no one in the DRC assumes responsibility until then

The so-called Sino-Congolese contracts signed between a group of Chinese companies (GEC) and the Congolese Government having the imperium in 2008 could not succeed, according to the report of the IGF (General Inspectorate of Finance).


In exchange for the minerals worth 12 billion USD, the infrastructure concerned has not all been delivered.

It was about the construction of 5 thousand social housing, 145 health centers in all the territories of the country, two universities, 2 hydroelectric dams (Katende and Kakobola), the rehabilitation of the airports of Bukavu and Goma, 31 hospitals and 3700 km of rail.

Intervened in 2008, the Chinese contracts are today without paternity on the side of the DRC.

The influential living authorities pass the buck.

#i-know-nothing-i-hear-nothing.jpg


Two characters who spoke on behalf of the President of the said period have already died.

Pierre Lumbi and Pr Samba Kaputo are no longer of this world.

Meanwhile, Moïse Ekanga, who managed this file as the main manager of the BCPSC (Office of Coordination and Monitoring of the Sino-Congolese Program), leaves several gray areas, speaking of these contracts.

During a Top Congo FM broadcast, the now national deputy did not satisfy the curiosity of interviewing him on the botched work of the tourism road.

For him, the person appointed to respond well on this road axis is the Agency for Major Works.

This, to the great astonishment of the journalist who did not fail to remind him that he was coordinator of the structure, today embedded in APSC, Steering Agency, coordination of monitoring of collaboration agreements.

Another illustrious figure of the time, Augustin Matata Ponyo dit Mapon said he never signed Chinese contracts.

For, they were signed in 2008, when he was CEO of BCECO.

He also added that the execution of this contract was done exclusively by the BCPSC which, he adds, depended on the Presidency and not on the Government.

Adolphe Muzito, who became Prime Minister from the Ministry of the Budget in replacement of Antoine Gizenga, emphasizes having found the Sino-Congolese contracts.

The President of Nouvel Élan must know something to have given way to Augustin Matata Ponyo in 2012.

Moïse Katumbi Chapwe, former Governor of Katanga who benefited from these nebulous contracts following the massive presence of the Chinese in the Mining, is curiously not involved according to his statements on the net and also taken up by certain media.

#i-know-nothing-i-hear-nothing.jpg


To hear the statements of key figures of the time, no one wants to assume their responsibilities in these contracts which generated 10 billion USD for the Chinese private party and less than 1 billion, or 830 million USD.


In addition to the unrest noted among former FCC members, the IGF report has increased pressure on the side of GEC, which intends to pay 500 million USD to the Government for infrastructure. APSC, which is working on it, previously held on to an additional 200 million USD.


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Ozthescot

Regular
You could do as I'm starting to do and pick a good pic of the latest AVZ related news....then absolutely lose your fuxking mind posting all over Twitter.
Just come off a Rampage myself, felt good.

Mike Tyson got it, royal ballet uk, air force Australia, magnus Carlson, Dalai Lama, Emmanuel Macron, Kermit the frog, Canelo Alverez, Roland Garros, Lewis Hamilton, NZ All blacks, count the count, big bird.....and many more got served up the lovely pic @JAG does up with the ICC countdown on it. (Normally im strategic with it, this time I scatter gunned throwing shit everywhere like a Zijin lawyer).

Ahhhhhh my Zen, now back in the room
Top job! Kudos to you, I've been liking and retweeting where i can.

It gets a bit tedious just watching all the bullshit coming out of the DRC. Its a sad affair for the population over there, in the current state of political play!
 
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Hemicuda

Regular
More and more news coming out of the DRC in favour of the Chinese and their deals, Sicomines deal fucking over the DRC owing billions but its Ok here's a signed agreement for $500M in infrastructure as a bit of compo when they owe billions, corruption brushed under the carpet! Out pops brown paper bags.

Now this bollocks of a chinese SEZ for battery minerals wtf?! AVZs idea! Its clear looking at how things are over there corruption is very deep rooted.

Amongst all this press not a peep from AVZ, I'm not buying the whole we cant say anything because dont wanna tip off the detractors?! IMO there's not a word from the board because if this goes south they dont wanna leave themselves open for litigation!

My guess come Tuesday obviously another extension and the CATH deal ,well they will just extend, why would they pull out and lose the $20M ( correct me if im wrong) when if it goes south they pay nothing!!

Anyways Rant over and HAGW all, it's midday here and im getting on the single Malt, fuck it!!!
Didn’t the company unexpectedly tweet something the other day ? 😉😉😉
 
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