AVZ Discussion 2022

Goat

Regular
A victory at ICSID won't mean squat if they won't pay . Needs to be sorted without going full ICSID . The company expenses are off the charts . Share holders are being spit roasted . Reamed from both ends .
ICSID will be the only vehicle to enforce payment.
Yes shareholders are roasted, but what about the large financial institutions, the super fund traders, sophisticated investors, etc ?.. there are people out there with many millions at stake on a knife edge also, financial pain is mutual across the board.
This could be Nigels last hurrah, I'm sure he wants it to be a good one and he's putting his chesticles on the line for us all despite what everyone is led to believe. He coulda chucked in the towel many moons ago and walked, but didn't.

Anyways. I reckon a rest from here would be good medicine for a few and wait until the next announcement to spit chips again. Go fishing, walking, spend time with family, look after your health and live a little.
 
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wombat74

Top 20
Wombat,

Can you please do your research before you post things like the above.

You just drain my energy when you post things like this.


Regards,

SilentOne - Definitely do your research on what Wombat posts.
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BRICK

Where’s Zeebot 😶‍🌫️
Will he even make it through the next few years?
 
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Dazmac66

Regular
To add context Felix bringing back the death sentence to deal with traitors.
 
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Nellie17

Regular
A victory at ICSID won't mean squat if they won't pay . Needs to be sorted without going full ICSID . The company expenses are off the charts . Share holders are being spit roasted . Reamed from both ends .
Hey Wombles,

And I'd like to bet that you love getting reamed from both ends, especially the rear end!
Enjoy 😉

Cheers,
Nells xx
 
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Frank

Top 20
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Winenut

GO AVZ!!!!
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To add context Felix bringing back the death sentence to deal with traitors.
Damn, imagine AVZ being responsible for the deaths of corrupt officials.
 
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CashKing

Regular
Hey Wombles,

And I'd like to bet that you love getting reamed from both ends, especially the rear end!
Enjoy 😉

Cheers,
Nells xx
Wow Almost the Mantle but a little more swearing 🤬 and a little more attitude 😂

Don’t sign off with cheers also 😝

Anyway who’s got the mantle now days?

GLTAH

FUCK THIS FUCKING SHIT SHOW
 
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Dazmac66

Regular
While Gina gets $840 million in handouts for her lithium and rare earth investments AVZ are at risk of being reamed by the Chinese for the sake of 20-30 mill.
 
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BRICK

Where’s Zeebot 😶‍🌫️
To add context Felix bringing back the death sentence to deal with traitors.
How about the death sentance for corruption....
 
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BRICK

Where’s Zeebot 😶‍🌫️
Damn, imagine AVZ being responsible for the deaths of corrupt officials.
That would be an ASX announcement id love to see....

Highlights:

The BOD are please to announce that xy & z officials have now been liquidated....
 
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Xerof

Flaming 1967
Ohhh Frank that post made me all warm and fuzzy inside .

Accusations from an NGO, already accused of being political fake news, but IMO, probably close to the mark
 
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JAG

Top 20
Feel free to translate and enjoy your weekend 🍺
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Bray

Regular
how ya translate text in an image upload
 
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Cumquat Cap

Regular
Is this a new IGF document or old news?
 

TheCount

Regular
Page 1:

11:12
PRESS RELEASE...
JUSTICIA Asbl
of and defense of the rights of / and humanitarian international. : avenue .4doula corner of the factories. Katanga commune:
Sir neb
PRESS RELEASE N0006/JUST/2024
EMERGENCY TO CLEAN UP THE BUSINESS CLIMATE AND
DEPOLITIZE SUBCONTRACTING IN THE DRC’S MINING SECTOR
JUSTICIA Asbl, an organization for the promotion and protection of human and humanitarian rights based in the Democratic Republic of Congo, calls on the Congolese government to improve the business climate in the mining sector by warning of the risk of a social and economic crisis which could have incalculable consequences on the economic recovery of the country and further delay its development following the deterioration of the business climate which has become less conducive to encouraging serious and responsible investors in the mining sector, in particular, as well as the diversification of other sectors of activity.
for JUSTICIA Asbl, the Congolese Government seems not to be able to meet the challenge of diversifying economic activities due to the absence of effective and coherent strategies to encourage investors to rush to the door of the DRC for its industrialization.
Despite the fact that the price of copper on the world market has increased significantly and that the red metal has become too coveted than production capacity, the DRC is still struggling to attract large mining investors or mobilize sufficient income to revive its economy.
It should always be emphasized that the new legislative framework (revised mining code and regulations) contains several advances and innovations which, if better applied, would contribute to improving the governance of the mining sector and bring significant economic and social benefits for citizens. In addition, it is appropriate to paraphrase Albert YUMA, former president of the FEC, who pertinently questioned himself during the reflections organized in the year of the entry into force of the new mining code and regulations: “the The State benefited from exceptional tax revenues generated by extremely high prices. Has this lastingly changed the daily lives of the Congolese?
Indeed, we have learned from surveys carried out among mining operators in Greater Katanga that a crisis due to the decline in mining activity is hitting the DRC's copper-cobalt sector hard while the lithium sector has been weighed down since 2021 by the intrusion of the Chinese company ZIJIN, supported by COMINIERE and officials identified by IGF, in a disputed manner and denounced by the Report of the Finance Inspectorate, a service dependent on the Presidency of the Republic, in the company Dathcom Mining in Manono which was on track with the Australians of AVZ Minerals to place the country among the major producers of this strategic and critical mineral.
Furthermore, it is to be welcomed that the General Company of Cobalt (EGC) was finally able to obtain the designation of two pilot sites for its supply of artisanal ores.
I According to the report of the Congolese Government Council of Friday 04/21/2023. the Minister of Finance. Nicolas KAZADI had indicated to the members of the Council. that the International Monetary Fund (IMF) and the World Bank have encouraged the Congolese government to continue investments in the infrastructure sector and reforms aimed at improving/environmenting business to further favor the private sector and reduce the dependence of the economy on the mining sector .
 
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TheCount

Regular
Page 2:

11:13
PRESS RELEASE...
In the following lines, we attempt to provide an overall diagnosis of the causes underlying the decline in mining activity (1), before formulating recommendations (2).
1. THE CAUSES OF THE DECLINE IN MIMERE ACTIVITY
The causes of the decline in mining activity are largely linked to the gloomy political and social context from which the DRC has suffered for decades. Without going into detail, we highlight some more recent causes below:
A. Injunctions from the Congolese government to mining operators to pay taxes in advance for the fiscal years 2024-2025
The Congolese government is using mining companies to pay advances on taxes3 and taxes for the years 2024 and 2025. According to our investigations, these colossal sums would help finance the urgent activities of the institutions resulting from the elections of December 2023. Several sources confided to JUSTICIA Asbl that these practices are commonplace and previous governments had used them to finance projects (quick impact finance such as the recent so-called 100-day projects implemented when President Félix TSHISEKEDI took office in 2019. However, several mining companies do not have enough liquidity to respond favorably to the Congolese government's request.
B. Poor management of subcontracting in the mining sector
The Congolese government has made the exclusivity of the Congolese in mining subcontracting4, governed by law no. 017/001, its real hobby horse.
Following the revitalization of the Regulatory Authority for Subcontracting in the Private Sector (ASRP), its new Director, visibly dynamic but also having personal interests in the mining field through nominee companies, would have imposed on large mining companies a list of around 40 so-called Congolese companies for subcontracting. Around thirty of these companies would be non-viable and would have neither the expertise nor the financial and technical resources necessary to provide quality services to mining operators. While the other ten companies would be made up either of his own companies or those of members of the family of President Félix TSHISEKEDI or other personalities who are members of the political parties in power.
These companies, most of which were created recently, also do not have proven experience in their sectors of intervention, but have the advantage of benefiting from some high-ranking political support and can take advantage of this to obtain loans from of the Industry Promotion Fund (FPI).
As a result, mining companies are often forced to award subcontracting contracts to these unqualified companies as part of the implementation of their mining operations. Certain projects, such as the paving of Route Munua, an extension of Golf Faustin in Lubumbashi, which have been financed for almost two years without any work having begun.6 Certain Asian companies, on the other hand, have reportedly found mechanisms to circumvent the law on subcontracting by placing a few Congolese as nominees in front of companies created by themselves.
Article 220 of the new Mining Code lists taxes. taxes. rights and royalties that taxpayers are required to pay to I in accordance with the terms provided for by the Code.
Ministerial decree nool 14/CA.MlN. OF April 17, 2013 relating to the subcontracting of mining activities in
DRC
Read the article from I Afrique Intelligent on this subject entitled DRC: In I Zex Katanga. the far-west mining of the Tshisekedi clan05,02/2024.
In its citizen control bulletin-lRDH, '202003/004. I TRDH gives as an example: the Annex Commune where the mining companies CDM Mining and (Société Minière Katanga) are located. the funds for the construction of the Kipopo wall • have been collected every year since 2019 by a certain company TC of a certain Miguel Kasha[ But it is still impractical. workers remain in the phase
 
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