AVZ Discussion 2022
- Thread starter GazDix
- Start date
Winenut
GO AVZ!!!!
No need to discuss June's personal issues on a public forum.....
Will be jumping for joy if we get a USA buyer.
As that also implies Minerals for Security has been accepted .
TheCount
Regular
Thanks Geo, for the straight forward update.
Regarding Felix's blatant offer I've been wondering how that squares with China's deep presence and interests and whether it signals a thawing of relations. Can't imagine they'd be too chuffed about it.
Or is it a cunning trumpian plan to provoke China into providing security in the east. From memory did they once have troops on the border...dunno.
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EarleofBarrow
Regular
Clearly a ML will need to be a condition of any sale agreement
And has the same offer been made to China
Sweet! Just like picking up a cooked chook from woolies! Easy.....Clearly a ML will need to be a condition of any sale agreement
Winenut
GO AVZ!!!!
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CashKing
Regular
Yep get us out of this mess ffsWhy not
Mute22
Regular
Maybe the situation looks something like this:
The DRC has realised there's no more room to drag this out - they don’t want their dirty laundry aired on the world stage, nor do they want the mine tied up for years. Their expensive lawyers have likely told them there’s no way they come out of this looking good. However, their egos won’t allow them to backtrack and let AVZ be involved in the project after all this bad blood. So, they’ve made an offer to Nigel:
Find a serious Western buyer to take your place.
CATH keeps its stake, and they’ll issue the ML on the condition of this sale. This way, the mine operates with both Western and Chinese involvement, hedging their bets. No need for court battles, corruption gets swept under the rug, and the key players walk away with their ill-gotten gains. The DRC public remains none the wiser, and Felix gets a geopolitical win - keeping both sides happy while securing indirect US support against M23.
That’s my headcanon, anyway.
Hodlandwin69
Regular
Which means we don't need to go away on the cheap.
"The first victims in one of the villages were children who ate a bat and died within 48 hours, the Africa office of the World Health Organization said this week."
While Felix eats a lobster lunch in Brussels .
Uglybob
Regular
That's not an offer, that's a demand. The DRC are in no position to make demands and they know it. Potentially AVZ could have offered this outcome, but it would be unlikely to be DRC driven.
That said, as much as I'd love to see all involved in the corruption arrested and Felix the impotent's head on a pike, that doesn't get the $$$ in my pocket, so whatever it takes to get the deal done is fine my me (legally and justly of course, I'm not that much of a savage).
Frank
Top 20
Conflict in Congo threatens supply of key mineral for smartphones and AI
Conflicts in the Democratic Republic of Congo (DRC) could impact the global supply of tantalum, a key mineral used in capacitors for electronics such as smartphones, laptops, and AI systems.
According to a recent report by UN experts, Congo’s trade in gold, tin, and tantalum directly supports armed groups involved in widespread human rights abuses in the country.
In an interview with MINING.COM host Devan Murugan, Kyle Pronk, a research analyst at Project Blue, explains that, contrary to larger markets further south, like the copper industry, the tantalum market in Congo is concentrated in the north, an area of intense conflict.
Congo was responsible for 42% of global tantalum production in 2024.
Tantalum has not been mined in the United States since 1959.
Currently, the U.S. imports 12% of its tantalum from Congo.
India exploring critical minerals in Zambia, Congo and Australia
India is exploring mining of critical minerals in Zambia, Congo and Australia, Mines Secretary V.L. Kantha Rao said on Thursday, as the world’s fastest-growing major economy aims to secure raw materials such as lithium.
Companies like Coal India, NMDC and ONGC Videsh are exploring critical minerals in Australia, Rao said.
The move comes as India is taking efforts to reduce its reliance on imports of minerals such as lithium, key to energy transition technologies.
India is still in the process of developing lithium processing technology, a sector predominantly led by China.
The Zambian government has recently agreed to give 9,000 square kilometers to India for exploration of cobalt and copper, Rao said in a media conference, adding that India is also looking at Congo and Tanzania for mining critical minerals.
Meanwhile, India’s Mines Minister G Kishan Reddy said the country has decided to explore lithium reserves in Jammu and Kashmir and clarity on this is expected by May 2025.
The government in February 2023 found its first lithium deposits in Jammu and Kashmir with estimated reserves of 5.9 million metric tons, but has failed to get any bids to auction mining rights in the state.
In 2023, India identified over 20 minerals, including lithium, as “critical” for its energy transition efforts and to meet the growing demand from industries and the infrastructure sector.
New Delhi in January 2025 approved 163 billion rupees ($1.88 billion) to develop the critical minerals sector.
mining.com
Whilst I appreciate any update your email is fluff. The fact is that the BoD have been ( or should have been ) out trying to get the best deal for the last 2 years already. And for the last 2 years they have not divulged their whereabouts.
Trying to sell the mine to the highest bidder? Dont need to be Einstein to work that one out.
My update, I heard the sun will rise tomorrow
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