AVZ Discussion 2022

Flight996

Regular
Now I'm not claiming to be Nostradamus but if there isn't some serious political pressure put on the DRC I forsee a future where the DRC loses both ICC and ICSID arbitrations and they still couldn't give a fuck. And we'll be in for many a long year trying to recover the damages from them.
It's now clear that the entire country is rotten with corruption from the ground up and the elite only care about their own short term wealth.
It seems like our best hope is that Western powers can put the pressure on with the Lobito Corridor project and that not all of the DRC political class are happy to be beholden to China for the foreseeable future.
We haven't really had any evidence that AVZ problems will be linked to that deal though and lithium only being one aspect of Congolese mineral wealth required by the west. It's a matter of if the west will allow the Chinese to dominate and control the lithium market by stealing Manono.

Mate, I too am perplexed about the West's silence about Manono, given its geo-political importance. What are the yanks and Europeans thinking when they bang on relentlessly about cobalt and other new age minerals and link them to their national interests, but somehow forget about the single most important source of high grade lithium on the planet. While lithium may be rather plentiful globally, Manono's quality and scale is not replicated anywhere else.

And don't get me started on our federal government's silence and apparent lack of interest in AVZ and Manono. In 2020, the FIRB blocked Yibin Tianyi Lithium from taking a 24.99% stake in AVZ Minerals on the basis of national interest, but since then...absolute radio silence while AVZ is abandoned to fight alone.

Cheers
F
 
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TheCount

Regular
I agree with what you say however 15775 in wholly contained within 13359. So how can working on 15775 not be subject to the ruling? Also what happened to the tailings? the underlying tenement, according to grahame johnston owns the right to exploit them. Interesting times ahead.
ACT is wholly within NSW, different territory..

But we have logic in our Country, they, sadly do not.

I wish your observation was true!
 
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Frank

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BEISHA

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Frank

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Frank

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China is oversupplying lithium to eliminate rivals, US official says

Chinese lithium producers are flooding the global market with the critical metal and causing a “predatory” price drop as they seek to eliminate competing projects, a senior US official said on a visit to Portugal that has ample lithium reserves.
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Jose Fernandez, under secretary for economic growth, energy and the environment at the US Department of State, told a briefing late on Monday that China was producing much more lithium “than the world needs today, by far”.

“That is an intentional response by the People’s Republic of China to what we are trying to do” with the Inflation Reduction Act – the largest climate and energy investment package in US history valued at over $400 billion, Fernandez said, adding:

“They engage in predatory pricing… (they) lower the price until competition disappears. That is what is happening.” :mad:

China accounts for about two-thirds of the world’s lithium chemical output, which is mainly used in battery technologies including for electric cars.

Prices of lithium have fallen more than 80% in the past year largely due to overproduction from China and a drop in demand for electric vehicles.

However, the price collapse is also affecting China as it has forced Chinese companies like battery giant CATL to suspend production at certain mines.

Job cuts

Europe aims to reduce its dependence on imports from China and other countries of lithium and other materials essential to the green transition.

Fernandez said the low price “constrains our ability to diversify our supply chains on a broad, global scale” and also hurts countries such as Portugal that need investment to develop these industries.

Falling prices have forced many global lithium producers to scale back production and cut jobs.

Portugal, with some 60,000 tons of known reserves, is already Europe’s biggest producer of lithium, traditionally mined for ceramics.

Along with neighbouring Spain, the country wants to take advantage of local lithium deposits, aiming to cover the entire value chain from mining and refining to cell and battery manufacturing to battery recycling.

Several mining companies in Portugal have been looking for financing, customers and suppliers to crank up projects.

“We want to help them, and we think we can… lithium mining companies, everywhere, have to survive this difficult phase that was created by predatory pricing,” Fernandez said.

China’s Premier Li Qiang in June used his address at a World Economic Forum meeting in Dalian to hit back at accusations from the United States and EU that Chinese firms benefit from unfair subsidies and are poised to flood their markets with cheap green technologies.

Trade tensions intensified last Friday when the European Union said it would press ahead with hefty tariffs on China-made electric vehicles to counter what it sees as unfair Chinese subsidies, after a year-long anti-subsidy investigation. China on Tuesday imposed temporary anti-dumping measures on imports of brandy from the EU.

mining.com
 
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Dijon101

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Dazmac66

Regular
Hey Jose, you think the Chinese are screwing the world on lithium now, wait till they start scraping high grade ore off the surface in Manono!"
 
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Hey Jose, you think the Chinese are screwing the world on lithium now, wait till they start scraping high grade ore off the surface in Manono!"
This is why no one is helping us. Even if we win 100% of our offtakes go to China at a discount to market rate which will still be manipulated by China. Only difference if AVZ control Manono is we will get a cut and there is the possibility of changing offtake partners in 3 to 5 years.
 
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Dazmac66

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Well maybe the second largest law firm in the world can take a leaf out of China's playbook and find a loophole in the CATH deal. Surely they have foregone any requirement for loyalty to be shown.
 
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Well maybe the second largest law firm in the world can take a leaf out of China's playbook and find a loophole in the CATH deal. Surely they have foregone any requirement for loyalty to be shown.
The loophole is pretty simple

We just need $420m USD to pay the TIA break fee and satisfy the requirements of the mining code by having 40% of the DFS valuation without our Chinese sugar daddies that voted against the current bod at the AGM last year

Should happen any day now
 
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tonster66

Regular
20m break fee and find another funder?
 
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Gee the clown car of morons spreading constant AVZ hate have gone real quiet the last few days. Nada from tolate, lars or stonewalll. Has the money dried up or are they all enjoying a succulent chinese meal somewhere working on their talking points for the upcoming vote?
 
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Winenut

GO AVZ!!!!
Gee the clown car of morons spreading constant AVZ hate have gone real quiet the last few days. Nada from tolate, lars or stonewalll. Has the money dried up or are they all enjoying a succulent chinese meal somewhere working on their talking points for the upcoming vote?


The fuckwits are bunkered down in Carrick's fucking basement gorging Chinese takeaway plotting and strategising how they can absolutely tear down AVZ from the inside completely destroying any skerrick of wealth for honest Aussie Mum and Dad investors whilst in the process lining their own pockets and snivelling at the feet of their foreign masters

They are the fucking scum of the earth

Well so I've heard.....
 
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marksmann007

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Flight996

Regular
Africa Intelligence today.
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'...serious misconduct by its financial director'...who would have thunk.

Looks like he hasn't been forwarding the pilfered loot up the food chain, naughty boy haha.
 
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JNRB

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Africa Intelligence today.
View attachment 70604

'...serious misconduct by its financial director'...who would have thunk.

Looks like he hasn't been forwarding the pilfered loot up the chain, naughty boy haha.
And all that was inside was a takeaway menu from a chinese restaurant....
 
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Dazmac66

Regular
"Arcadium controls a JORC-compliant ore body estimated to contain around 2.6 million tons of indicated and inferred resources.

So 10 million tonnes / 2.6 x9.9b=$38.077 billion.

Thank you Rio!
PS $10.50 per share
 
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pow4ade

Regular
comment at LTM on the crapper:

RIO have played this smart and timed it well. They clearly think the bottom is in and starting to make their move.

Is Arcadium a large enough statement to the market or will they go again I wonder?
 
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JasonM

Regular
RIO sends a real positive signal for the lithium market but hard to get too excited, this fucking mess is really wearing and I must admit I'm done, just get a fucking deal done nigel so I never have to hear about drc again.
 
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