AVZ Discussion 2022

[Dave Evans]

* It's hard to believe, but The Business of doing Business in the DRC is in a Bad way - OMG

Business climate: Félix Tshisekedi thunders after noticing excessive shenanigans at the one-stop shop

View attachment 38714

In his statement made during the meeting of the Council of Ministers of June 16, 2023, the President of the Republic Félix-Antoine Tshisekedi Tshilombo mentioned the deterioration of the conditions for creating businesses in the Democratic Republic of Congo.

In the report of the Council of Ministers, the Minister of Communication and Media, government spokesman, Patrick Muyaya, hammered home the recommendations of the Head of State who invited the Executive to the need to work to improving the business climate.

On the basis of the information in his possession, he underlined, the President of the Republic dwelt again on the more than worrying situation of the Single Window for Business Creation (GUCE).

"For the Head of State, this entity, though created to facilitate the installation of investors in the country and the formalization of the activities of economic operators, has unfortunately for some time been experiencing a dysfunction in its service characterized, in particular, by long waiting times and discontinuity of service,” said the government spokesman in his report after the meeting of the Council of Ministers.

According to him, the stakeholders were urgently invited to find solutions to put an end to the difficulties currently deplored.

"In view of the seriousness of the situation, the President of the Republic has asked the Prime Minister, Head of Government, to convene around him, as soon as possible, the main stakeholders to, in the very short term, resolve the difficulties of financing and taking charge of the agents and pooling of the intervening services which arise within the GUCE; in the medium term, proceed in parallel with an evaluation of the reform of the GUCE which should make it possible to identify the avenues likely to promote the optimization of the completion of business formalities”, indicated Minister Patrick Muyaya.

In the same vein, the government spokesperson specified that the unit (Business climate) will have to be called upon to find solutions to this problem.

It should be understood that the remorse and anger of the President of the Republic will be able to move things forward in the direction of putting an end to the shenanigans that are already taking shape at the Single Window.

mediacongo


*Shame he doesn't feel / act the same about the "Excessive Shenanigans" at Manono

Because there's a Shitload of Shenanigans going on over there atm

Oh, that's right, I forgot - We don't talk about that in Public

Do we

Tick - Tock

View attachment 38715

Yes truly laughable Frank, that Tshisekedi tries to project that he knows nothing about the shenanigans going on in his country. Here’s a couple of reminders for him which I will hopefully get around to sending to his so called
Single Window For Business Creation (GUCE) also known as Single Window For Foreign Trade


28/04/2023
The Democratic Republic of Congo's Inspectorate General of Finance (IGF) has revealed massive fraud in the public payroll department, where dozens of fictitious employees cost the state nearly $800 million a year.

https://twitter.com/africanewswww.africanews.com

04/05/2023
Mining attractiveness: the DRC ranked 82 out of 83 countries in the Fraser Institute report

https://www.fraserinstitute.org/sites/default/files/annual-survey-of-mining-companies-2022.pdf

12/05/2023
Fraud and corruption in the DRC: damning revelations from the head of the General Inspectorate of Finance

www.lesoir.be​

16/05/2023
World Bank suspends $1 billion worth of project funding in Congo

www.reuters.com

11/06/2023
DRC excluded from the list of investments of the French group ERAMET, following the blocking of the PE of lithium of Manono by the government

During the visit of President Emmanuel Macron to Kinshasa, the two countries notably concluded an agreement for the mapping and sustainable management of the mining resources which abound in the Congolese subsoil, French companies and institutes will be invited to map and invest in the mining sector of the DR Congo according to this partnership. But here is following the blocking of the delivery of the exploitation permit 13359 by the Congolese government to DATHCOM, of which the group AVZ MINERALS owns 75%, which must allow the start of the exploitation of the lithium of Manono, the French group, ERAMET has just excluded the DR Congo from its investment strategy in Africa for the time being.

“ Geoff Streeton , director of strategy for the company, and Christophe Thillier , in charge of exploration, have also drawn a line under the DRC for the moment, despite having identified its lithium potential.

The difficulties encountered by the Australian AVZ MINERALS on its Manono project in Tanganyika in the south-east of the country gave the French company some food for thought, which has chosen to focus its investments in this sector on its Centenario-Ratones project in Argentina," said the media, Africa Intelligence. ERAMET is a French mining and metallurgical company with a workforce of 9,090 employees spread over 17 mining and industrial sites in 15 countries. In 2022, it achieved a turnover of 5.014 billion euros.

June 11, 2023Kiki Kienge
kongopress.com

 

[Dave Evans]

My thoughts

The Democratic Republic of the Congo's (DRC) ambition for vertical integration of lithium into batteries is contingent upon the production of the Manono mine. Despite the DRC's numerous meetings, it is unlikely to be taken seriously in the Western world, where investors are unwilling to risk their capital without tangible progress.

French President Macron addressed this issue directly by advising FT to focus on domestic matters instead of globe-trotting. Such frank remarks underscore the need for the DRC to address internal challenges before gaining international credibility.

Manono's value remains significant, regardless of the mining license's status. Although the current lithium spot market is relatively subdued compared to the peak it reached last year, it is important to consider the anticipated future surge in lithium prices during the mine's operational lifespan. Historical projections suggest that demand will outpace supply.

There is also a race to secure off-take agreements to ensure a consistent supply of lithium. Manono, provided the government upholds its own laws, is an ideal source for maintaining uninterrupted supply. This factor must be considered in evaluating the Dathcom/Manono project.

As an illustration of pricing trends, Lithium Carbonate reached CNY597,500 per tonne, equivalent to AUD$122,507 per tonne.
Lithium - 2023 Data - 2017-2022 Historical - 2024 Forecast - Price - Quote - Chart (tradingeconomics.com)

View attachment 38719


If Sin Bin has approached AVZ to acquire their interests in Dathcom, it can be assumed that the mining license approval has either been promised or is guaranteed, even if it has not been officially issued. Therefore, any negotiations with Sin Bin regarding the mine's purchase should proceed under the assumption of approved or guaranteed mining rights.

While it may appear that the DRC disregards its international image, public mockery and ridicule of government officials during their international trips would undoubtedly cause reputational damage on the global stage. This issue will be further accentuated through actions within the International Criminal Court (ICC) and the International Centre for Settlement of Investment Disputes (ICSID), involving key figures such as the President, Prime Minister, Ministry of Mines, and the World Bank.

If FT loses the elections in December, there could be a potential reshuffling of ministers, which might lead to a clean slate and potentially nullify previous commitments made to questionable actors, thereby facilitating the approval of the mining license.

Sharing factual information about AVZ's experiences on Twitter can be beneficial in shedding light on the situation.

In this context, alliances may form based on the principle that "my enemy's enemy is my friend."

Regards,

Silent - This is not advice but purely an opinion - do your own research
I fully support Nigel and his team

I agree with your post except

“If FT loses the elections in December, there could be a potential reshuffling of ministers, which might lead to a clean slate and potentially nullify previous commitments made to questionable actors, thereby facilitating the approval of the mining license”


Firstly, all reports are that Tshisekedi is miles in front of the other candidates and also there has been changes made to polling officials at polling stations to help ensure Lukonde government remains in power

Secondly, if Tshisekedi lost the presidency, all the government officials working against us like Lukonde, MoP etc would empower the questionable actors.

In my view, any speculation by shareholders here might as well assume Tshisekedi will remain president

 

[cruiser51]

Corrupt Zijin, it's corrupt CCP Government and the corrupt DRC players, whoever they are can completely, royally get fucked.
I hope the culprits will read this and run crying and copying this to their corrupt leaders, I have news for them, they can go in line and get the same treatment too.

Suing a company through an international court and saying after 13 months 'hang on we haven't read all the evidence', why for fuck sake sue if you haven't got your facts straight.

I dearly hope that the international court systems will expose the actors and punish them appropriately.
Their delaying tactics are an indication they are fully aware they can not win.

I hope Zijin will be worldwide exposed and lose, due to its exposed ways of operation, every mining license it possesses.

I wish there is a way that the innocent DRC population will not become the victim of these fukkers, however the DRC President has a lot to answer for.
His inaction will and has hurt the DRC people.
He again will have to go cap in hand to see Xi for another donation followed by some educational reformative classes in the CCP museum.
This while the CCP is continuing to rob, rape and pillage the DRC under his watch as President of the DRC.

The world is watching this circus under Felix' hesitant (lack off) leadership.

I can not see the Worldbank, the IMF, or any other international organisation, other than the corrupt Chinese pump more money into this scheming corrupt system, where only the corrupt leadership (which calls themselves the ruling elite) benefits.

When will the real DRC stand up to these corrupt thieves?

 

[Mr Inappropriate]

This is nothing new but there seems to be this constant social media claim from DRC people about the DRC Govt needing to ‘make the right decision for the DRC’ or ‘act in the best interest of the DRC’. This sentiment is an understandable stance for a patriot (as I would have for Australia) but this needs to be reflected in the mining code. If the DRC wants an international company to investigate, drill, and sure up a resource and then claim to have a right to a greater % of its ownership if it proves to be a winner, then put this condition in the mining code. If this is in the best interests of the DRC then put it in the mining code. I am not sure how many international investors will want to participate in the investment but at least buyer beware. AVZ has abided by the mining code. C’mon Nige and team, keep fighting the good fight!

It’s that fucking simple

Mining Code = Legislation = The Fucking Law.

Follow it.

 

[Samus]

You don't sue the government if prospects are looking good to work with them in the future, only as a last resort.
I'd love to know what proponents of anything other than a takeover or suing of the DRC government are thinking as an alternative?
You want to try to work with these corrupt pricks enduring constant hostility by the Chinese? After many years of legal battles to establish our rights? (Sounds to me like a delusional fantasy)
Nigel himself said the whole thing is worth next to nothing without a licence. We either need the licence as part of a negotiated outcome or we try to sue the arse off DRC for more than their entire gdp which sounds like pushing diahorea up hill without a shovel.

Best outcome imo is we sell to whatever corrupt Chinese schmucks of the DRC's choosing with the licence as part of the settlement. This unlocks the deposit for them and saves years of legal battles for AVZ.
We'll likely not get anything like what it's 'worth' but China and the DRC's government have rendered it effectively worthless anyway and they had better make a somewhat reasonable offer or it simply remains locked up. And with drc snuffling their 28% the higher the offer the better for them.

If we get a takeover the shorts still burn and the Chinese don't get the opportunity to buy up shares dirt cheap on re-listing.
Shareholders walk away with something in their pocket to put towards greener pastures.
Happy fucking days and lesson learned.

Alternately we can hang on for years in the hope to become exceedingly wealthy one day.
Imo there are more important things in life and the mental health is one of them.

Or we need that 'miracle' in which case I'll renounce all my sins and blasphemy to Xerof.
But having said that if we get the licence by some miracle then fucking sell it anyway and gtfo of DRC! Red flags everywhere! Every fucking where!! The treacherous DRC government can't be trusted!

 

[Onthefm]

You don't sue the government if prospects are looking good to work with them in the future, only as a last resort.
I'd love to know what proponents of anything other than a takeover or suing of the DRC government are thinking as an alternative?
You want to try to work with these corrupt pricks enduring constant hostility by the Chinese? After many years of legal battles to establish our rights? (Sounds to me like a delusional fantasy)
Nigel himself said the whole thing is worth next to nothing without a licence. We either need the licence as part of a negotiated outcome or we try to sue the arse off DRC for more than their entire gdp which sounds like pushing diahorea up hill without a shovel.

Best outcome imo is we sell to whatever corrupt Chinese schmucks of the DRC's choosing with the licence as part of the settlement. This unlocks the deposit for them and saves years of legal battles for AVZ.
We'll likely not get anything like what it's 'worth' but China and the DRC's government have rendered it effectively worthless anyway and they had better make a somewhat reasonable offer or it simply remains locked up. And with drc snuffling their 28% the higher the offer the better for them.

If we get a takeover the shorts still burn and the Chinese don't get the opportunity to buy up shares dirt cheap on re-listing.
Shareholders walk away with something in their pocket to put towards greener pastures.
Happy fucking days and lesson learned.

Alternately we can hang on for years in the hope to become exceedingly wealthy one day.
Imo there are more important things in life and the mental health is one of them.

Or we need that 'miracle' in which case I'll renounce all my sins and blasphemy to Xerof.
But having said that if we get the licence by some miracle then fucking sell it anyway and gtfo of DRC! Red flags everywhere! Every fucking where!! The treacherous DRC government can't be trusted!

I reckon that about sums it up. Now BBOTasx get me out of this fucken cluster fuck ASAP.

 

[cruiser51]

You don't sue the government if prospects are looking good to work with them in the future, only as a last resort.
I'd love to know what proponents of anything other than a takeover or suing of the DRC government are thinking as an alternative?
You want to try to work with these corrupt pricks enduring constant hostility by the Chinese? After many years of legal battles to establish our rights? (Sounds to me like a delusional fantasy)
Nigel himself said the whole thing is worth next to nothing without a licence. We either need the licence as part of a negotiated outcome or we try to sue the arse off DRC for more than their entire gdp which sounds like pushing diahorea up hill without a shovel.

Best outcome imo is we sell to whatever corrupt Chinese schmucks of the DRC's choosing with the licence as part of the settlement. This unlocks the deposit for them and saves years of legal battles for AVZ.
We'll likely not get anything like what it's 'worth' but China and the DRC's government have rendered it effectively worthless anyway and they had better make a somewhat reasonable offer or it simply remains locked up. And with drc snuffling their 28% the higher the offer the better for them.

If we get a takeover the shorts still burn and the Chinese don't get the opportunity to buy up shares dirt cheap on re-listing.
Shareholders walk away with something in their pocket to put towards greener pastures.
Happy fucking days and lesson learned.

Alternately we can hang on for years in the hope to become exceedingly wealthy one day.
Imo there are more important things in life and the mental health is one of them.

Or we need that 'miracle' in which case I'll renounce all my sins and blasphemy to Xerof.
But having said that if we get the licence by some miracle then fucking sell it anyway and gtfo of DRC! Red flags everywhere! Every fucking where!! The treacherous DRC government can't be trusted!

Xerof would be making overtime, probably get a young Chinese student to do the job while he goes out surfing.

 

[Pokok]

$12 Billion.

For those struggling with the stress of this circus know that you are not alone. AVZ has taken me from flat broke and nearly homeless with no way to pay a $400 rent bill, to multi millionaire capable of buying my first home for cash with enough left over to retire at 42. But as one who recklessly went all in with everything I could raise over 6 years of hard work and severe frugality I'm now hanging somewhere between those two extremes.

So hang in there, stay positive, and thank you all for helping me to do the same. You lot are a good bunch.

you and me both and i am 64 see my youngest and middle child 8 weeks per year , we all lived together before this , finding it hard to make extra money to travel to see the kids , but really i think the BOD have so much stress also , dont blame they there are so many more to blame and I am sure we will get out of this mess as they also have a vested interest in AVZ

 

[Frank]

 

[Azzler]

$12 Billion.

For those struggling with the stress of this circus know that you are not alone. AVZ has taken me from flat broke and nearly homeless with no way to pay a $400 rent bill, to multi millionaire capable of buying my first home for cash with enough left over to retire at 42. But as one who recklessly went all in with everything I could raise over 6 years of hard work and severe frugality I'm now hanging somewhere between those two extremes.

So hang in there, stay positive, and thank you all for helping me to do the same. You lot are a good bunch.

I hear you mate, Feel ya too.
Roughest time of my life, from absolute hero, to just..... this shit... who knows where we end up.
Try our best to keep positive.

 

[wombat74]

you and me both and i am 64 see my youngest and middle child 8 weeks per year , we all lived together before this , finding it hard to make extra money to travel to see the kids , but really i think the BOD have so much stress also , dont blame they there are so many more to blame and I am sure we will get out of this mess as they also have a vested interest in AVZ

You are 64 ? Pigs fly .

 

[Pokok]

You are 64 ? Pigs fly .

yep mate 64 ,, married 4 times but still with the last . live in Java for 8 years Bali 5 years now back to sydney working in construction because of this shit fight , many people here know me but mate now with my 8 year old and my 20 year old for 1 month now , the gods love me hang in there all will be ok

 

[John25]

WTF got modded for in the same boat post….this place is getting like HC…Here’s a msg @Dreddbot …warn me how about you GFY

 

[Frank]

*C'mon everyone,

Get on Twitter, Get behind our Brother from another Mother & support our Super Hero Jonnno please

 

[Azzler]

WTF got modded for in the same boat post….this place is getting like HC…Here’s a msg @Dreddbot …warn me how about you GFY
View attachment 38761

That was a really nice boat though.

 

[Frank]

* It's hard to believe, but The Business of doing Business in the DRC is in a Bad way - OMG call the Sheriff

Business climate: Félix Tshisekedi thunders after noticing excessive shenanigans at the one-stop shop

View attachment 38714

In his statement made during the meeting of the Council of Ministers of June 16, 2023, the President of the Republic Félix-Antoine Tshisekedi Tshilombo mentioned the deterioration of the conditions for creating businesses in the Democratic Republic of Congo.

In the report of the Council of Ministers, the Minister of Communication and Media, government spokesman, Patrick Muyaya, hammered home the recommendations of the Head of State who invited the Executive to the need to work to improving the business climate.

On the basis of the information in his possession, he underlined, the President of the Republic dwelt again on the more than worrying situation of the Single Window for Business Creation (GUCE).

"For the Head of State, this entity, though created to facilitate the installation of investors in the country and the formalization of the activities of economic operators, has unfortunately for some time been experiencing a dysfunction in its service characterized, in particular, by long waiting times and discontinuity of service,” said the government spokesman in his report after the meeting of the Council of Ministers.

According to him, the stakeholders were urgently invited to find solutions to put an end to the difficulties currently deplored.

"In view of the seriousness of the situation, the President of the Republic has asked the Prime Minister, Head of Government, to convene around him, as soon as possible, the main stakeholders to, in the very short term, resolve the difficulties of financing and taking charge of the agents and pooling of the intervening services which arise within the GUCE; in the medium term, proceed in parallel with an evaluation of the reform of the GUCE which should make it possible to identify the avenues likely to promote the optimization of the completion of business formalities”, indicated Minister Patrick Muyaya.

In the same vein, the government spokesperson specified that the unit (Business climate) will have to be called upon to find solutions to this problem.

It should be understood that the remorse and anger of the President of the Republic will be able to move things forward in the direction of putting an end to the shenanigans that are already taking shape at the Single Window.

mediacongo


*Shame he doesn't feel / act the same about the "Excessive Shenanigans" at Manono

Because there's a Shitload of Shenanigans going on over there atm

Oh, that's right, I forgot - We don't talk about that in Public

Do we Fatshit

Tick - Tock

View attachment 38715

 

[Frank]

 

[Frank]

*Fyi, In other News, I see where,

Sino-Congolese contract: the new Chinese ambassador to the DRC promises to get involved in the resolution of disputes

The new ambassador of the People's Republic of China in the Democratic Republic of Congo, Zhao Bin, during an interview this Wednesday, June 21 with the press, revealed his ambitions, in addition those of his country during his mandate.

Zhao Bin brushed off several topics, including Felix Tshisekedi's state visit to China last month and the Chinese contract.

Regarding the Chinese contract, the one who is already nicknamed "Buatu moko", has promised to get involved in the resolution of disputes between Chinese companies and the Congolese state under the otherwise-Congolese contract signed in 2007.

The Chinese diplomat believes that these disputes can be settled amicably.

This is one of his priorities as the new Chinese ambassador to the DRC.

“We have the same objective, which is to make this cooperation benefit the Chinese and Congolese people.

These disputes must be settled amicably.

I am convinced, in the light of the spirit of friendship, pragmatism and fairness, we will manage to find a happy settlement.

This will be one of the priorities for me after taking office and I will support the ongoing discussions between the Congolese authorities and Chinese companies to find a good methodology for settling these disputes,” he said.

Despite the divergence, noted Zhao Bin, this contract has created more than 20,000 jobs in the infrastructure sector and more than 10,000 in the mining sector.

He then announced that 150 million US dollars for the second wave of Chinese projects in the DRC have already been validated by the Congolese authorities.

The success of this contract, he believes, has attracted more investors who follow suit and allow the DRC to develop this sector.

Zhao Bin also assured that during his tenure as Chinese ambassador, he will ensure the smooth running of cooperation projects underway in the DRC.

In its mission, emphasis will also be placed on training.

According to him, the Congolese side will benefit from around 200 training opportunities in various fields, including security.

Facing the press, he also returned to the recent visit of the Head of State, Félix Tshisekedi, to China.

In this regard, the Chinese diplomat is delighted that this State visit has enabled the strengthening of cooperation agreements which cover not only the mining and infrastructure sectors, but also sectors of the future such as the green economy, the digital and renewable energy.

The visit of the Head of State to China took place in a tense context between the two countries following the publication of a report by the General Inspectorate of Finance (IGF) on the Chinese contract.

It helped to calm the tension between the two countries.

mediacongo


The World Bank is ready to support the government's strategic priorities and important reforms in

The outcome of World Bank projects in the Democratic Republic of Congo was at the center of discussions on Tuesday at the Cité de l'Union Africaine between a delegation from this institution and the Head of State, learned on Wednesday June 21. 2023 ACP Presidency.

“We discussed the partnership between the WB and the DRC. It is a growing partnership.

We discussed ways to ensure that all ongoing projects in the DRC can lead to positive results for the country,” said World Bank Vice President for Eastern and Southern Africa, Victoria Kwakwa, and head of the delegation, on a working visit to Kinshasa from June 17 to 24, 2023.

She acknowledged that the DRC is facing a situation of insecurity marked by armed conflicts and especially Rwandan aggression, via the M23, thus preventing it for several years from taking off properly or making its growth visible.

"Thus, to support the stabilization and development efforts of the DRC, the Board of Directors of the World Bank approved last year a new country partnership framework, running from 2022 to 2026", recalled a source of the Presidency.

“This instrument should support the Congolese government's strategic priorities and important governance reforms,” she added.

mediacongo


Food for thought

Frank

 

[Sparrowhawk12]

Funnily enough I get no sense at all that FT is remotely interested in serving another term. The vibe I get is he just couldn't give a crap. Despite his lofty words and ambitious agendas the country is still riven by conflict and corruption, poverty and despair.

His reign as president has been unremarkable, impotent even, and a major disappointment. That he could preside over the Manono debacle for so long shows just how hopeless he is. If he cared, he would have sorted it out by now. A leader he ain't. IMO.

Reads like an opinion piece with no intel supplied. Are you trying to incite people to malign the president, who stays at arms length so he may yet cause justice for AVZ? Do you know or remember there were reports of a thwarted assassination/coup early this year. FT cannot be perfectly clean to be where he is - he's a Pollie at the top of the tree. But he's surrounded by snakes, jackals & worse. Would you rather go back to Kabila?

 

[CashKing]

WTF got modded for in the same boat post….this place is getting like HC…Here’s a msg @Dreddbot …warn me how about you GFY
View attachment 38761

Shit pretty rough to get modded around here mate.. Your post wasn’t mod worthy IMO.. You didn’t even call anyone a Cunt Very Odd.. Fucking boats..