Geez Franck, tell it like it is!
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Geez Franck, tell it like it is!
Cumquat Cap
Regular
Actually not a bad point Dazza, could do without their ownership and they can have the spod OT's
Just feel we need some sort of chinese firepower that's friendly and willing to accept a small % ownership - might be crazy
Just feel we need some sort of chinese firepower that's friendly and willing to accept a small % ownership - might be crazy
You don't want the Chinese anywhere near a board seat on Dathcom or AVZ and that includes CATH.
If you are Chinese, all roads lead to Beijing - there is no such thing as Good Cop/Bad Cop - its just the CCP.
I am thinking that the Japanese/Americans would make better partners.
Just a thought bubble.
SilentOne.
"On August 15, 2023, an AVZ Minerals delegation made a courtesy visit to the headquarters of the Mining Cadastre, where it was warmly received by the Director General, Mr. Paul Mabolia and the Deputy Director General, Mr. Jacques Muyumba."DRC: the AVZ Minerals delegation visits the CAMI headquarters
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Photo CAMI
- COMPANY
- Tuesday, August 15, 2023 - 15:18
Communication
On August 15, 2023, an AVZ Minerals delegation made a courtesy visit to the headquarters of the Mining Cadastre, where it was warmly received by the Director General, Mr. Paul Mabolia and the Deputy Director General, Mr. Jacques Muyumba.
This visit had a double objective. First of all, it aimed to present the civilities of AVZ Minerals to the newly installed management committee and simultaneously, to discuss the social and economic benefits for the DRC of the Lithium exploitation project in the Manono by the company DATHCOM. The AVZ Minerals delegation was composed of Mr. Nigel Ferguson, CEO of the company AVZ Minerals, Mr. Landry Me
This meeting was of particular importance, especially since it marks the resumption of working sessions between the Minerary Cadastre and AVZ Minerals Ltd on the above-mentioned project.
For its part, DG CAMI, Mr. Paul Mabolia, was fully satisfied with this initiative and expressed his enthusiasm for the prospects for future collaboration. He also expressed his willingness to get personally involved, under the supervision of the Ministry of Mines, to ensure the success of the Manono project.
As a reminder, this project is of paramount importance, because it has the potential to transform the entire Greater Katanga region through the exploitation of lithium, a highly coveted ore. AVZ Minerals Ltd's unwavering commitment to the realization of this project is harmoniously combined with the vision of the Head of State, His Excellency Félix Antoine Tshisekedi, as well as with the senior management of the mining cadastre. This courtesy visit strengthens existing ties and lays the foundations for fruitful collaboration, aimed at achieving the ambitious objectives of the Manono project.
For any request for additional information, please contact the Communication Department of the Mining Cadastre:
info@cami.cd
www.cami.cd
That tone in bold is alot more harmonious than what the previous Director General Mr Mupande had to offer........
And Nigel with a cheshire grin.....
DRC - AFRICA Battery metal summit in Kinshasa 20 /21 September ....
TDITD
Top 20
I agree mostly with this thought bubble SilentOne,
However, it's more a trivial quibble on semantics where I would posit that CATH have in fact been playing good cop, where they have offered a fair enough deal in the 24% purchase without the usual Chinese shitfuckery, they have publicly stood by us by honouring this deal via 247 thousand extensions. Thereby fulfilling their role.
I certainly agree that all roads lead to CCP, Zijin being the main state player was allowed to proceed via their preferred method known as to 'ratfuck' their way in via bribes and criminal activity. The CCP's second option is plan B (CATH) if for some unknown reason DRC finds its soul/conscience.
The deposit is far too large and globally significant for only one method/plan for the Chinese, enter CATH, hence also Simon Cong via Dathomir also buzzing around and known sympathisers/beneficiaries like Klaus becoming involved again.
Definitely agree with the Japanese or Americans. That would be a dream, or would it?
It would certainly give the Chinese more reason to continue their high calibre shitfuckery, we could end up with port authorities bribed meaning huge delays on parts, plants, machinery. Bribery of police, governors, local magistrates, employing of looters meaning missing materials, burnt out machinery. These guys are professional fuckwits, would it be easier to just have CATH (the lessor evil) on board (but obviously in a lower capacity not on BOD)
Well, got to the end and have an overwhelming feeling I've just committed an offence of brain diarrhoea!
won't be the last time
Hodlandwin69
Regular
Apologies @JasonM, I meant this week. Got my dates mixed up, I'm from the future
Azzler
Top 20
Hmm you've just made me realise a possability from what I've heard.
So I'll throw out another specualtion of mine.
Deal with CATH altered for less ownership %, and they pre-pay us for offtakes instead.
Just speculating
Azzler
Top 20
It would be deviously pleasurable to see us partner with all non chinese entities, then watch them BEG for off-takes for the best SPOD in the world, as supply dries up.I agree mostly with this thought bubble SilentOne,
However, it's more a trivial quibble on semantics where I would posit that CATH have in fact been playing good cop, where they have offered a fair enough deal in the 24% purchase without the usual Chinese shitfuckery, they have publicly stood by us by honouring this deal via 247 thousand extensions. Thereby fulfilling their role.
I certainly agree that all roads lead to CCP, Zijin being the main state player was allowed to proceed via their preferred method known as to 'ratfuck' their way in via bribes and criminal activity. The CCP's second option is plan B (CATH) if for some unknown reason DRC finds its soul/conscience.
The deposit is far too large and globally significant for only one method/plan for the Chinese, enter CATH, hence also Simon Cong via Dathomir also buzzing around and known sympathisers/beneficiaries like Klaus becoming involved again.
Definitely agree with the Japanese or Americans. That would be a dream, or would it?
It would certainly give the Chinese more reason to continue their high calibre shitfuckery, we could end up with port authorities bribed meaning huge delays on parts, plants, machinery. Bribery of police, governors, local magistrates, employing of looters meaning missing materials, burnt out machinery. These guys are professional fuckwits, would it be easier to just have CATH (the lessor evil) on board (but obviously in a lower capacity not on BOD)
Well, got to the end and have an overwhelming feeling I've just committed an offence of brain diarrhoea!
won't be the last time
Just a fantasy though, not likely,
Azzler
Top 20
What are you calling for exactly anyway Mr?
You said just "news" but gee that could be anything.
Are you talking Licenece or perhaps a step before that?
Skar
Regular
Hardrock miners would want lithium ternary batteries to be the main chemistry not LFP. My understanding is Brine goes to carbonate goes into LFP, spod gets concentrate and processed into hydroxide which goes into ternary chemistries. Hydroxide can be converted to carbonate but its an extra step.
MoneyBags1348
Top 20
Hmm you've just made me realise a possability from what I've heard.
So I'll throw out another specualtion of mine.
Deal with CATH altered for less ownership %, and they pre-pay us for offtakes instead.
Just speculating
I think you should stop speculating Az
Pre payments for offtakes results in money not being paid for the offtakes when the mine is operating and money is required for OPEX, maintenance, mine expansions, returns to investors etc.
It results in capital raising via share dilution or more debt and there will already be enough of that involved in building the mine.
China’s slowing economic growth and other factors mean lower prices offered now compared to later when demand - supply is supposed to shift in favour of higher prices
Truth is I am getting really fucken sick of reading all the bullshit on here lately
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Azzler
Top 20
I always thought of it like a no interest loan, but I didn't think of what you said, you're right of course. Although dilution would be less of a loss than a greater ownership % of the stock you do hold.
What does it matter anyway what people speculate, it will have no bearing on whatever situation AVZ come out with.
We're all here to talk shit mate.
You're keeping a fantastic record in the other threads, this thread is for bullshit
Winenut
Go AVZ!
Definitely want to have one or more strong equity partners providing funding for the construction phase of the project
$240M from CATH for a 24% stake goes a long way towards seeing the project a reality
With a keen interest in the end product and skin in the game I think CATH would be there for the long haul and a valuable partner to work with given their size and expertise
$240M from CATH for a 24% stake goes a long way towards seeing the project a reality
With a keen interest in the end product and skin in the game I think CATH would be there for the long haul and a valuable partner to work with given their size and expertise
Yes Nut, I believe they will get behind us when there is Zero chance of chinese ownership. If Mr Pei were to have a small tea party with Mr Ji regarding the holdup of a never ending supply of lithium for the chinese battery manufacturing industry then I am sure Zijin would disappear faster than Comminiere accepts a bag of cash!
Nothing in this world is that quick.
TDITD
Top 20
Wow that's a strong statement, a statement and a half.
Are you trying to pick a fight with Kibeya, are you a madman!
He will feel incredibly insulted by the suggestion, the mere insinuation that there is a force or an energy known to mankind that is even close to his complete lack of conscience and moral compass that strongly leads into his legendary rapid reactions towards gleefully accepting a bribe
LOL @Onthefm beat me to it
"If Mr Pei were to have a small tea party with Mr Ji "
What about if Mr Pei had a tea party with Mr Cong ?
TDITD
Top 20
Mining Cadastre DR Congo
@CadastreMinier
·
11h
Did you know? The Exploration Permit (PR) gives its holder the exclusive right to carry out exploration work for mineral substances within the perimeter on which it is established. Discover the conditions for obtaining it https :// cami.cd/conditions-de-demand/ …
CONDITIONS FOR REQUEST FOR MINING OR QUARRY RIGHTS
- FORM AND COMPOSITION OF ANY REQUEST
- the articles of association, registration with the RCCM, and proof of publication in the Official Journal;
- tax ID information;
- the quality and power of the person authorized to bind the legal person and the identity of his representative if the request is submitted by the latter;
- the address of the registered office of the legal person, as well as any subsequent changes;
- the type of mining or quarry right requested;
- the indication of the mineral substances for which the mining and/or quarry right is requested;
- the geographical location of the scope requested;
- the number of squares making up the required perimeter area;
- the identity of the applicant's affiliates;
- the nature, number and area of the mining or quarry right perimeters already held by the applicant and its affiliated companies;
- proof of the applicant's financial capacity.
- CONDITIONS OF GRANT SPECIFIC TO EACH TYPE OF RIGHT
- Mining Rights
- Research permit (PR)
- financial capacity;
- technical competence;
- the existence of all the information required by article 35 of the Code;
- the production of proof of payment of filing fees as well as that of the tax number, national identification and RCCM;
- compliance of the shape and location of the perimeter with the provisions of Articles 28 and 29 of the Code.
- the valid tax certificate or equivalent issued by the competent institution of the applicant's country of origin;
- the certificate of good character and the extract from the current criminal record for the partners of the legal person, issued by the competent authorities of the country of origin;
- the written commitment to declare in the DRC the profits and income made.
- Exploitation Permit (PE)
- demonstrate the existence of an economically exploitable deposit by presenting a feasibility study, accompanied by a technical framework plan for the development, construction and exploitation of the mine;
- demonstrate the existence of the financial resources necessary to carry out his project according to a plan for financing the development, construction and operation of the mine as well as the rehabilitation plan for the site upon its closure;
- Specify, in this plan, each type of financing, the sources of financing targeted and the justifications for their probable availability;
- Have a share capital greater than or equal to 40% of said resources;
- Obtain prior approval of the project ESIA and ESMP;
- transfer to the State 10% of the shares or shares of the share capital, free of all charges and non-dilutable;
- create, at each transformation, within the framework of a separate mine or a separate mining project, an affiliated company in which the applicant company holds at least 51% of the shares or shares;
- submit a deed of commitment to comply with the specifications defining social responsibility vis-à-vis the local communities affected by the project's activities;
- have complied with the obligations to maintain the validity of the license provided for in articles 196, 197, 198 and 199 of this Code, by presenting:
- proof of the certification of commencement of work duly issued by the Mining Cadastre;
- proof of payment of the annual surface area rights per square and of the tax on the area of the mining concessions;
- demonstrate the ability to process and transform mineral substances in the DRC;
- submit an act of commitment to process and transform these substances on Congolese territory;
- provide for Congolese participation of at least 10% of the share capital.
- Tailings Exploitation License (PER)
- Small Mining Exploitation License (PEPM)
- demonstrate the existence of a deposit whose technical factors do not allow profitable industrial exploitation by presenting a feasibility study accompanied by a technical framework plan for the development, construction and exploitation of the mine;
- provide for Congolese participation of at least 25% of the share capital.
- Quarry rights
- Quarry Products Research Authorization (ARPC)
- Authorization for Permanent Quarry Exploitation (AECP)
- demonstrate the existence of a deposit by presenting a feasibility study accompanied by a technical plan for the development, construction and operation of the quarry;
- prove the existence of the financial resources necessary to carry out the project according to the financing plan for the development, construction and operation of the quarry as well as the rehabilitation of the site upon its closure;
- specify, in this plan, each type of financing, the sources of financing targeted and the justifications for their probable availability;
- Obtain prior approval of the project ESIA and ESMP;
- bring a declaration of vacancy of land drawn up by the Registrar of real estate titles in the jurisdiction or proof of the consent of the land concessionaire, if the area which is the subject of the application for the authorization to operate the quarry is located in the Land perimeter of the latter;
- provide, if the scope requested is included in that of a valid PE, PER or PEPM, proof of the consent of the holder of this right or establish that his consent was refused in bad faith;
- submit a deed of commitment to comply with the specifications defining social responsibility vis-à-vis the local communities affected by the project's activities.
- Authorization for Temporary Quarry Exploitation (AECT)
- demonstrates the existence of an economically exploitable deposit by presenting a technical framework plan for the quarry exploitation works and a related Mitigation and Rehabilitation Plan (RAP);
- present, if the quarry is located on a perimeter subject to a land title held by a third party, the latter's written consent to the opening of the quarry;
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