AVZ Discussion 2022
- Thread starter GazDix
- Start date
Frank
Top 20
*Poor old Pres not looking too Happy if he had a "Win-Win" with JinpingJust have to hope that FT actually had " amicable " agreements with President Evil , that he got what he wanted in regards to a better arrangement with past mining contracts from the Kabila regime and told Evil to tell his " pack dogs " ( zijin ) to back off from Manono and that he would do the same to Cominiere, so as to award AVZ the ML and allow the battery hub vision to become a reality.
CATL / CATH , SHENZHEN, GANGFENG & KALON finally get their lithium & tin supply that they desperately need!!
That common sense approach would not only provide the DRC with a much needed boost to its finances in years to come, therefore a boost to the locals living conditions , but would also improve relations with Australia and boost its wretched reputation within the international community as a place to invest.
On the chinese equation, relations with Australia would get more of a boost , which currently is on the slight improve with China taking the brakes off trade sanctions with timber , coal and potentially other commodities ......
But what will the reality be and when ?
imo
*Nice Watch, Not sure about the Shirt, looks a bit tight there Fatshi
*What time is it
time to cut back on Snacks and Cut all those corrupt Kunts who consume them back home imo*To remind,
Tshisekedi, who was born in capital Kinshasa, ran on a pledge to fight corruption and poverty.
The DRC is home to more than 60 percent of the world’s cobalt and is the continent’s second-biggest producer of copper but most of its citizens live in poverty.
*To remind,
A fool's bargain?
Last February, the Congolese General Inspectorate of Finance published an audit that caused a stir.
The document mentions overcharging in the work carried out in the DRC, but it notes above all that China has kept less than 50% of its commitments while it has earned ten billion dollars since the signing of the contract, including one billion just in interest paid to Chinese banks for their loans.
The DRC would have withdrawn only a little more than 880 million dollars in profits.
A “fiasco” such for the DRC that the General Inspectorate of Finance is claiming 20 billion dollars in compensation from the Group of Chinese companies.
The head of the IGF, Jules Alingete Key, denounces an “economic colonization” of China.
Mireille Manga, lecturer in political science at the Cameroon Institute of International Relations, refutes this term, even if she welcomes the review of the clauses of the “Chinese contract”.
“After 15 years of cooperation through this contract, multiple interactions, we stop to take stock.
The results observed on the ground do not correspond to the initial expectations and therefore it is normal, as partners and sovereign States, that one party or the other decides to question the agreements and renegotiate them. It is a normal process of international political life.”
Mireille Manga, who coordinated a book published by Éditions Palgrave Macmillan, in October 2022, on “The new Chinese silk roads and new forms of nationalism”, continues: “The General Inspectorate of Finances of the DRC wanted to highlight the imbalance of this cooperation and the need to renegotiate the partnership.
But it is in no way a question of colonization, because it is about two conscious and very lucid actors in relation to their interests.
The Chinese authorities did not appreciate the new attitude of the Congolese authorities, but they promised the disbursement of 500 million dollars of investment.
This is much less than the three billion from which the DRC hoped to benefit in infrastructure.
mediacongo
*Things that make me go hmm
IGF v China - useful / use it
IGF v Zinjin / Corruption
*Food for thought
Frank
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The IGF asks for 20 billion in compensation, xi gives 1 million in aid (could be considered a bribe as it is way too low for aid).
xi states that chinese companies should comply with their agreements eg. infrastructure developments.
Felix calls for government-government agreements.
This says to me that xi has separated chinese companies from the chinese government to place the blame of corruption on the individual companies.
This is a good thing as the DRC can redo the contracts without the threat from the chinese government.
I know what you will say, that the chinese companies are puppets of xi, and you would be correct but xi has drawn a line in the sand.
chinese government commitments = $1 million and a few MOUs.
chinese companies = contracts redrawn for the benefit of the DRC
Manono will be decided in the ICC as the independent umpire and AVZ will be the victor.
xi states that chinese companies should comply with their agreements eg. infrastructure developments.
Felix calls for government-government agreements.
This says to me that xi has separated chinese companies from the chinese government to place the blame of corruption on the individual companies.
This is a good thing as the DRC can redo the contracts without the threat from the chinese government.
I know what you will say, that the chinese companies are puppets of xi, and you would be correct but xi has drawn a line in the sand.
chinese government commitments = $1 million and a few MOUs.
chinese companies = contracts redrawn for the benefit of the DRC
Manono will be decided in the ICC as the independent umpire and AVZ will be the victor.
Frank
Top 20
Felix Tshisekedi visits Shanghai, the economic lung of modern China
President Félix-Antoine Tshisekedi visited on Saturday May 27, for the second stage of his state visit to China, the city of Shanghai, the economic heart of modern China.
He met with the town's Communist Party secretary, Chen Jining, at the local people's palace.
The latter highlighted the role of Shanghai, which wants to become a centerpiece in the strategic partnership between China and the DRC in order to broaden the prospects for cooperation between China and the DRC, reports the Communication Unit of the Presidency of the DRC.
Chen Jining also stressed China's willingness to deepen traditional friendship not only with the DRC, but also with African countries through a new philosophy based on sincerity, candor and substantial relations.
The President of the Democratic Republic of Congo insisted on the protection of the achievements of revitalizing relations between his country and China as initiated with his Chinese counterpart.
The Head of State of the DRC recalled that his country and China have maintained excellent relations for more than 50 years now.
Relations that have left their mark in his country, particularly in the field of infrastructure.
mediacongo
*They've "Left their Mark" alright
President Félix-Antoine Tshisekedi visited on Saturday May 27, for the second stage of his state visit to China, the city of Shanghai, the economic heart of modern China.
He met with the town's Communist Party secretary, Chen Jining, at the local people's palace.
The latter highlighted the role of Shanghai, which wants to become a centerpiece in the strategic partnership between China and the DRC in order to broaden the prospects for cooperation between China and the DRC, reports the Communication Unit of the Presidency of the DRC.
Chen Jining also stressed China's willingness to deepen traditional friendship not only with the DRC, but also with African countries through a new philosophy based on sincerity, candor and substantial relations.
The President of the Democratic Republic of Congo insisted on the protection of the achievements of revitalizing relations between his country and China as initiated with his Chinese counterpart.
The Head of State of the DRC recalled that his country and China have maintained excellent relations for more than 50 years now.
Relations that have left their mark in his country, particularly in the field of infrastructure.
mediacongo
*They've "Left their Mark" alright
Hi Tonster
Exept that Zijin Mining is a Chinese state owned enterprise (SOE). This means that the Chinese government is the beneficial owner, and its activities are ultimately directed by Beijing. Its largest shareholder is Shanghang Minxi Xinghang State-Owned Property Investment Company (Interestingly, the Chinese state gets >30% of its revenue from property sales...just like the Andrews govt in Vic (LOL)).
I don't see evidence of a line in the sand, but just the same shit.
I agree that AVZ will be vindicated, but I think it will be through a negotiated settlement.
It's good to have divergent views.
Cheers
F
Given you a TU but the alternative could go something like this:
FT. So bearing in mind the obvious Chinese company corrupton we would like to receive compensation and renegotiate contracts with them.
ZingyPingy. Your most esteemed excellency, the corruption of these companies is most reprehensible and they will be pulled firmly into line as much as we can in a free society. You have my word. Changes have aleady been made.
However, you are asking a little too much and in order to safeguard future Chinese investment by these entities you need to back off just a little.
Future contracts can take into account any proven previous underpayments and not impinge on their cashflow and thus allow them to allocate funds to future investment in DRC.
While your here, is there anything we can do, aid your military? Our technology is now on a par with the US and we will not invoke woke 'principles' when considering orders.
Perhaps payments for this equipment could be deferred and be paid for with a loan from PRC.
Anything else we can do to aid your country's development?
Mr President, please be assured that we value your relationship with your country, our interests are to have a strong stable DRC so that we know we have a stable business environment.
The whole nation was honoured by your visit. (Now fuck off).
You had me right up until this....
"Manono will be decided in the ICC as the independent umpire and AVZ will be the victor"
No doubt AVZ will be the victor as everything via documentation / law leads to it, but fuck me, i am hoping the point of the visit to China apart from the other agenda..........was to get THE PARTY FINALLY STARTED at Manono with AVZ ml in hand, before ICC arbitration in July as that will be another major drag on time for everyone concerned, not sure the mental faculties on this forum could cope with much more....
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he'll think that we hang on his every word.
Actually, we do...
Where the fuck is his mask ?
If he goes back home with Covid, mass people will be effected......where is he going to find the funds for anti viral treatment / respirators ?
China will probably give him a big box full of Chinese made vaccinations which purportedly is as useless as fuck and charge him $1m, therefore FT goes back home with no aid at all for the floods, ......
Good thinking tonster, great post to start off Monday.
Good thinking tonster, thanks for starting the new week on something positive for a change.
BRICK
Top 20
"So youre telling me the upper 2 floors are my penthouse apartments or i get the whole building?"
RHyNO
Regular
Penny should be on the phone with Xi “now you’ve agreed that you are happy with your DRC partnership, we are going to need you to call off zinjin and offer Aust shareholders a reasonable price for their investment, and we can all get back to pretending your not just a mandarin speaking devil in a suit”
Mr Inappropriate
Regular
Which is the ICC hearing is occurring in July?You had me right up until this....
"Manono will be decided in the ICC as the independent umpire and AVZ will be the victor"
No doubt AVZ will be the victor as everything via documentation / law leads to it, but fuck me, i am hoping the point of the visit to China apart from the other agenda..........was to get THE PARTY FINALLY STARTED at Manono with AVZ ml in hand, before ICC arbitration in July as that will be another major drag on time for everyone concerned, not sure the mental faculties on this forum could cope with much more....
- The one initiated by AVZ to stop the dissolution of Dathcom?
- The claim by the corrupt ones for $1.6b(?) against AVZ?
- The claim for $500m because Nigel parked in Celestine’s allocated spot?
- Something else?
I can’t keep up…
Dijon101
Regular
"That fucking statue cost 10x as much as you donated to flood relief "
Xerof
Have a Cigar 1975
- something else
MMCS?
silly Kunts
Mr Inappropriate
Regular
Cheers dude.
So this is the one where, assuming we win, we find out that Z have no jurisdiction to take action against us so that action cannot proceed any further. Then everyone looks at each other and says “Now what?”
Is it that one?
#fuckZijin
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I get what you are saying. china wants to play democracy when they want to but ultimately all chinese companies are subordinate to the cjinese government eg. Jack Ma - Alibaba.
Kiki Kienge on the bird writes,
"The Chinese ambassador in #RDC said the contract was between the Congolese government and a group of Chinese companies". Thus the chinese government is distancing itself from chinese companies by using democracy to suit their interests. We know that the chinese control chinese companies, that what communism is about
The reason I stated the decision will be made at the ICC because it is independent so the DRC government can allude to this decision when china asks why they didnt get Manono. For me its the election that is playing a big role in decisions at the moment. The chinese are propaganda machines and can influence the election against Felix. If there was no election I think the IGF and Felix would tell china to bugger off.You had me right up until this....
"Manono will be decided in the ICC as the independent umpire and AVZ will be the victor"
No doubt AVZ will be the victor as everything via documentation / law leads to it, but fuck me, i am hoping the point of the visit to China apart from the other agenda..........was to get THE PARTY FINALLY STARTED at Manono with AVZ ml in hand, before ICC arbitration in July as that will be another major drag on time for everyone concerned, not sure the mental faculties on this forum could cope with much more....
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