AVZ Discussion 2022
- Thread starter GazDix
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Felix once said show me the evidence. We have the IGF reports as evidence, however the chinese have attempted to discredit them. The IGF reports, in the eyes of Felix could be considered as conflicted as they have been commissioned by the ruling party. In terms of the election if Felix acted on those reports, it could be seen unjust. As such I believe Felix may be waiting for the ICC case.
If the ICC was to here the case in April then the facts will come out. It would be more embarrassing for the chinese if they were to lose. If AVZ were to win this would provide third party evidence of corrupt actions by his government which he could then act on and be seen to be acting without prejudice. This can also be said in respect to the relationship with china. Blame the chinese companies not the chinese government. IMO, but what would I know.
If the ICC was to here the case in April then the facts will come out. It would be more embarrassing for the chinese if they were to lose. If AVZ were to win this would provide third party evidence of corrupt actions by his government which he could then act on and be seen to be acting without prejudice. This can also be said in respect to the relationship with china. Blame the chinese companies not the chinese government. IMO, but what would I know.
Frank
Top 20
The report of the General Inspectorate of Finance qualified as without constructive value
The report of the General Inspectorate of Finance (IFG) of the Democratic Republic of Congo on the Sino-Congolese contract signed since 2008, is described by the Chinese Embassy in Kinshasa as "not credible and without constructive value".
“We learned with amazement of the publication of the report on the Chinese contract by the General Inspectorate of Finance (IGF) of the Democratic Republic of Congo.
We regret to note that the report, whose content is full of prejudices, does not correspond to reality, cannot be considered credible and has no constructive value. “, Can we read in this press release from the spokesman of the Chinese Embassy in the DRC.
For the Chinese Embassy, "the Chinese Contract is a fine example of a win-win partnership", affirming that "many tangible achievements prove that the Congolese side has effectively benefited from this cooperation".
The spokesperson for the Chinese Embassy in the DRC concluded by reassuring Chinese companies operating in the DRC to firmly defend their "legitimate rights and interests" and encouraged them to work with their Congolese partner to "improve cooperation by making it benefit more".
SICOMINES disputes the competence of the IGF
For its part, the Sino-Congolese mining company (SICOMINES S.A) emphasizes, in its press release, that it has read this document, while contesting both the competence of the IGF and the procedure followed, describing it as a violation of its rights as well as the content of these documents, which disregard the mechanism set up by the DRC through the Collaboration Agreement and the rights granted to SICOMINES, and in particular the right to be heard.
"In addition, the criticisms and justified measures implemented against SICOMINES are detrimental to the proper functioning of this company and the Cooperation Project, ultimately damaging the interests of the country and the Congolese people", underlines this company.
“The DRC is a rule of law where the right to defense is enshrined and guaranteed by the Constitution.
In particular, the security of private investments, national or foreign, is guaranteed in the DRC and the commitments made with regard to investors cannot be flouted", continues this joint venture, while indicating that SICOMINES will evaluate the follow-up that you have to give in order to protect your rights.
Recall of facts
On February 08, 2023, SICOMINES received an invitation from the General Inspectorate of Finance (IGF) to come to the meeting room of the General Inspectorate of Finance, with the purpose of: examining the conclusions and recommendations of the 'IGF in order to settle the situation of SICOMINES.
On February 15, 2023, SICOMINES appeared at the meeting covered by the press, during which the audience was provided with two documents entitled "IGF conclusions on the collaboration agreement of April 2008 between the DRC and the group of Chinese companies (Chinese Contract)”, on the one hand, and “Requirements of the IGF with regard to its conclusions on the Chinese Contract” on the other hand.
Thus, after carrying out investigations, the IGF published its conclusion on Wednesday, February 15, accusing, among other things, SICOMINE SA and the group of Chinese companies (GEC) of having won more than the Congolese country in this supposed contract. be win-win.
Also, that this deal signed in 2008 between Chinese companies and the Congolese state has had no visible impact on the population, accusations which China describes as not credible and without constructive value.
mediacongo - 24.02.2023
The only thing missing from the Chinese response to the IGF report (2022) are accusations that it interfered in China's internal affairs and that it promotes regional instability. They are the usual hyperventilating responses to pretty much anything that China does not like.
Sparrowhawk12
Regular
FYI. Off-topic but interesting ... but I don't see a replacement to Li-Ion batteries in EV's for next 10 years (IMO).
Sodium-Ion = 140-160Wh/Kg
Li-Ion = 300Wh/Kg approx. ("Panasonic’s “2170” NCA batteries used in 2020 in Tesla’s Model 3 is around 260 Wh/kg")
en.wikipedia.org
Sodium-Ion = 140-160Wh/Kg
Li-Ion = 300Wh/Kg approx. ("Panasonic’s “2170” NCA batteries used in 2020 in Tesla’s Model 3 is around 260 Wh/kg")
First passenger car equipped with sodium-ion batteries unveiled in China
Powering EVs with sodium-ion batteries seems to get closer to reality in China. Local carmaker SOL and battery manufacturer Hina Battery Technology unveiled a test vehicle equipped with sodium-ion batteries on February 23. The car came with a driving range of 252 kilometers.
www.digitimes.com
Lithium iron phosphate battery - Wikipedia
FYI. Off-topic but interesting ... but I don't see a replacement to Li-Ion batteries in EV's for next 10 years (IMO).
Sodium-Ion = 140-160Wh/Kg
Li-Ion = 300Wh/Kg approx. ("Panasonic’s “2170” NCA batteries used in 2020 in Tesla’s Model 3 is around 260 Wh/kg")
First passenger car equipped with sodium-ion batteries unveiled in China
Powering EVs with sodium-ion batteries seems to get closer to reality in China. Local carmaker SOL and battery manufacturer Hina Battery Technology unveiled a test vehicle equipped with sodium-ion batteries on February 23. The car came with a driving range of 252 kilometers.www.digitimes.com
Lithium iron phosphate battery - Wikipedia
The technology around both will improve.
But what won't change is the Periodic Table
Lithium is above sodium on the left meaning that it is lower mass ( lighter) than sodium.
The only issue is whether/when technology improves enough to allow the cheaper sodium to prevail.
I would guess that ten years would be an optimistic estimate. But what do I know!
That is normal protocol it does not mean they are bosom buddies. At the end of the day it is all about the Rule of Law and if applied the chinese and the corrupt congolese officials will pay the price.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
MoneyBags1348
Top 20
Here’s hoping that one day the people of China will be able to come out from under the spying eyes and oppression of their overlords ‘with their spy balloons’ and rise up and overthrow the corrupt communist leadership and companies that have slowly and insidiously been trying to install their corrupt activities in other countries such as we have seen in countries in and around our region.
The Chinese state usually starts by underpaying their own population so they can lend money to poor countries and hold them in debt, so they can then take ownership of their infrastructure, charge tolls on it and use it for the benefit of China, not the poor countries they usurp.
Seems African states have also forgotten where and how Covid started. With a bit of luck the population of the DRC might also rise up and flush the corrupt politicians out of power. I’ve been keeping an eye on the election process and seeing corruption running rampant around polling officials and areas where the government is not popular.
Power to the population of the DRC and China…. Not their corrupt leaders and ambassadors
1989 Tiananmen Square protests and massacre - Wikipedia
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JAG
Top 20
True that.....just another Chinese belt and road initiative
yet the fuckers keep falling for it....
Hi Bags, how did you go tracking him down? I thought he was Greek. Doran doesn’t sound very Greek.
Spikerama
Regular
Before anyone posts this can I get a sense check from @MoneyBags1348 please?
Is it accurate and fair? I had to paraphrase the copy to make it snackable. Once ok I will put it in the archive.
I will do a French version too.
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JAG
Top 20
Hi Spiker great job - maybe also emphasize what AVZ valued those shares at.
Regards Silent
Spikerama
Regular
Yeah, I'm sort of trying to leave AVZ out of it for now as I don't want to politicise them. I just want to focus on the key issue here which is the illegal sell off of Dathcom shares at a discount price but if I add in the true value then I have to add in to price i was sold to Zijin which was around $66million and then it all starts to get a bit wordy.
But I will have a look at it again after some consolidated feedback but really these things are designed to make a powerful impact in the social feeds and start the conversation or disrupt it. They are to be used with additional information added by the tweeter. Links to the IGF report, other facts that are missing from the image and so on.
I am making more to sort of come at it from different angles. China next target.
LithiumKing
Regular
Looks like this prominent DRC figure is starting to get involved and ask serious questions on what is happening with AVZ. Has over 85k followers and was a former presidential candidate. Big believer in getting foreign investment (non Chinese) into DRC to progress development and create win win scenarios for the DRC people and foreign investment companies. Very concerned that this will impact the credibility of the DRC with confidence in foreign investment
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