AVZ Discussion 2022
- Thread starter GazDix
- Start date
Some thoughts, based on my reading/understanding mainly from this thread
. Please pull me up where I’m wrong, thanks.Supposedly Zijin has now had control of the Manono asset since 2022, yet have made next to no progress in developing the mine or associated infrastructure. Some signage and a shonky attempt at a piddling dam, but no substantial mining activity, road works etc
So, what is holding things up? If they were serious and sure of their position surely they would moved ahead.
1. Legal challenges over their tenure of the Manono asset/s and protracted international legal proceedings – not a conducive investment environment for a major funding commitment.
2. Even for a western mining company the funding requirement to develop Manono and associated infrastructure is absolutely massive – way beyond the capacity of DRC and Zijin. Maybe even Zijin would need to find a cashed up Chinese/western partner?
3. The economics to open a new spod mine at this time is very marginal – international price of lithium has been going down for several years due to the decreased sales/demand, lower/slower EV sales etc Commercial viability atm may not support start up? In Australia spod mines have been mothballed.
4. The Chinese economy has been in dire straights since Covid (housing crash, high unemployment, shortage of private and public funds etc) and they are finding it increasingly difficult to assemble/release funds for major capital investments domestically/foreign. Many projects in China have been mothballed (I'm here and I can see them).
5. Furthermore, the Chinese Government and SOEs are increasingly disinclined to fund major foreign capital investments (under their Belt & Road strategy) – they have been burnt by several poor Asian, African S. American countries (similar to DRC) that have been defaulting on their loan repayments.
Overall the Chinese investment environment is very negative atm.
This all leads me to think that Nigel has some wriggle room now to push even harder and score some points against Zijin with Félix/Prime Minister. Félix must be getting nervous and unhappy holding the can for these thankless Chinese thieves.
Nigel should aggressively raise the following:
A. The Chinese have done nothing for 2 ½ years (no drilling, testing, planning etc), wasting everyones’ time, and must now show their cards and put-up (show the colour of their money) or fuck-off, but not sit on the can.
B. If action is taken to return the ownership to AVZ Nigel can undertake to put all legal proceedings on hold and to progress AVZs investment/mining plans asap.
C If it drags out too long Félix may get caught holding the baby (not just the can) when the music eventually stops. Slowly, bit by bit the arrangements will crumble as key DRC people get taken to court or f/o overseas.
That US$70Mil that Zijin paid to obtain Manono is a side show for AVZ and is really only a concern to the DRC/Zijin – I suspect that the DRC would be just as happy to take the Zijin money and fuck them around also lol.
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China has taken the North and is playing the waiting game for AVZ to go broke and then take the South . IMOSome thoughts, based on my reading/understanding mainly from this thread
Supposedly Zijin has now had control of the Manono asset since 2022, yet have made next to no progress in developing the mine or associated infrastructure. Some signage and a shonky attempt at a piddling dam, but no substantial mining activity, road works etc
So, what is holding things up? If they were serious and sure of their position surely they would moved ahead.
1. Legal challenges over their tenure of the Manono asset/s and protracted international legal proceedings – not a conducive investment environment for a major funding commitment.
2. Even for a western mining company the funding requirement to develop Manono and associated infrastructure is absolutely massive – way beyond the capacity of DRC and Zijin. Maybe even Zijin would need to find a cashed up Chinese/western partner?
3. The economics to open a new spod mine at this time is very marginal – international price of lithium has been going down for several years due to the decreased sales/demand, lower/slower EV sales etc Commercial viability atm may not support start up? In Australia spod mines have been mothballed.
4. The Chinese economy has been in dire straights since Covid (housing crash, high unemployment, shortage of private and public funds etc) and they are finding it increasingly difficult to assemble/release funds for major capital investments domestically/foreign. Many projects in China have been mothballed (I'm here and I can see them).
5. Furthermore, the Chinese Government and SOEs are increasingly disinclined to fund major foreign capital investments (under their Belt & Road strategy) – they have been burnt by several poor Asian, African S. American countries (similar to DRC) that have been defaulting on their loan repayments.
Overall the Chinese investment environment is very negative atm.
This all leads me to think that Nigel has some wriggle room now to push even harder and score some points against Zijin with Félix/Prime Minister. Félix must be getting nervous and unhappy holding the can for these thankless Chinese thieves.
Nigel should aggressively raise the following:
A. The Chinese have done nothing for 2 ½ years (no drilling, testing, planning etc), wasting everyones’ time, and must now show their cards and put-up (show the colour of their money) or fuck-off, but not sit on the can.
B. If action is taken to return the ownership to AVZ Nigel can undertake to put all legal proceedings on hold and to progress AVZs investment/mining plans asap.
C If it drags out too long Félix may get caught holding the baby (not just the can) when the music eventually stops. Slowly, bit by bit the arrangements will crumble as key DRC people get taken to court or f/o overseas.
That US$70Mil that Zijin paid to obtain Manono is a side show for AVZ and is really only a concern to the DRC/Zijin – I suspect that the DRC would be just as happy to take the Zijin money and fuck them around also lol.
So then it stands to reason that if the BoD announced we had funding that it would rattle their cage. Hopefully we have some funding coming through soon
Agree . It's been an attack on AVZ's ability to raise funds . China do not want this getting to ICSID and are going into overdrive to stop it . Carrick is their little South African bitch boy imo .
Mr_Tones83
Regular
LithiumKing
Regular
How do we go hard on carrick on twitter? Any organisations other than RTG Mining that we can expose Michael’s unethical behaviour? Chartered accountants page on twitter?
Dave Evans
Regular
LithiumKing
Regular
Japan gold also
Samus
Top 20
They'll get it, you watch.
They haven't followed protocols for anything to date.
Fuck Zijin and all who sail in her....
Scoota30
Regular
AGOA Summit: Julien Paluku pleads in favor of exporting mining products to the USA without customs duties
Last updated: 2024/07/24 at 6:42 PM
MinesPublished July 24, 2024
The Minister in charge of Foreign Trade of the Democratic Republic of Congo (DRC), Julien Paluku, has advocated for the export of mining products to the United States of America (USA) without customs duties.
It was during his participation, last Tuesday in Washington (USA), in a meeting related to the American Act on Growth and Opportunity in Africa (AGOA) that Julien Paluku defended foreign trade in sub-Saharan Africa.
"I was received at the American Congress in Washington where I pleaded with national senators and deputies for the renewal of AGOA which allows eligible sub-Saharan African countries to export most of their products to the United States of America without customs duties," declared the Minister of Foreign Trade Julien Paluku.
The DRC has 26 exportable mining and non-mining commodities. This meeting, which is taking place in Washington, aims to promote mutual interests between the host country, the USA, and sub-Saharan Africa.
Daniel Bawuna
The DRC needs to pull their finger out and sort their shit out sooner than later - they are likely going to get a better outcome while the Democrats are in power with any agreement/negotiations. Should the Republicans get in, Trump is likely to drive a tougher deal that benefits America more than the DRC - he loves the deal.
Trumpy is not one to be blackmailed - it also seems there is a theme/undercurrent that the DRC are wanting support in their boarder wars which they are seemingly trying to leverage for outcomes in mining (Felix I suspect is playing off Europe/China/America off each other).
The DRC are going to do more harm to themselves by delaying positive outcomes for Dathcoms tenement while we progress through the ICSID / ICC and the potential swing to the Republicans - but Tim (time) will tell.
The DRC reaps what they sow - at the moment it is nothing for their poor and disenfranchised population. Dathcom will assist in growing wealth in the local community of Manono for the poor and destitute.
SilentOne
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Samus
Top 20
Management need to come out of their bubble and answer some questions.
Like
how can this happen given that:
"AVZ has re-established a strong line of communication with the Government of the
Democratic Republic of Congo following the recent Presidential election."
What is our immediate response in local and international courts?
And
What are the timelines for these glacial pace arbitrations please??
Also
What is happening with our MoU you've been banging on about for 12 months which represents the only claim to any sort of positive progression?
What about funding??
I'm not really buying the silence is golden approach more than two years down the track when AVZ have already called out the corruption and given how swiftly things are moving against us. Why aren't they publicly condemning things like this when the courts have ordered the reinstatement of our tenement and issued fines against the illegal actions of cominiere? Somebody or multiple peoples are feeding them bullshit behind the scenes without any action to back it up as Zijin move full speed ahead doing whatever they like which is validated through official channels like CAMI against stop work and court orders.
We are stuck with inaction due to legalities as the enemy carries on ignoring any and every legal protocol that's in place.
It's entirely possible I've lost the plot but ffs put some real pressure on these criminals. It feels like a slow motion train wreck.
Nobody is going to buy this if Zijin is already set up next door with control of all the electric, water and other infrastructure.
10 years of seeking damages through arbitration is looking highly likely.
Like
how can this happen given that:
"AVZ has re-established a strong line of communication with the Government of the
Democratic Republic of Congo following the recent Presidential election."
What is our immediate response in local and international courts?
And
What are the timelines for these glacial pace arbitrations please??
Also
What is happening with our MoU you've been banging on about for 12 months which represents the only claim to any sort of positive progression?
What about funding??
I'm not really buying the silence is golden approach more than two years down the track when AVZ have already called out the corruption and given how swiftly things are moving against us. Why aren't they publicly condemning things like this when the courts have ordered the reinstatement of our tenement and issued fines against the illegal actions of cominiere? Somebody or multiple peoples are feeding them bullshit behind the scenes without any action to back it up as Zijin move full speed ahead doing whatever they like which is validated through official channels like CAMI against stop work and court orders.
We are stuck with inaction due to legalities as the enemy carries on ignoring any and every legal protocol that's in place.
It's entirely possible I've lost the plot but ffs put some real pressure on these criminals. It feels like a slow motion train wreck.
Nobody is going to buy this if Zijin is already set up next door with control of all the electric, water and other infrastructure.
10 years of seeking damages through arbitration is looking highly likely.
Because they have nothing to add to their last announcement IMO ,
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