AVZ Discussion 2022
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Mute22
Regular
Holey moley! BATTLE STATIONS
KoBold Metals Co., backed by billionaires Bill Gates and Jeff Bezos, has told the government of the Democratic Republic of Congo it wants to develop one of the world’s biggest hard rock lithium deposits.
It’s the first major offer by a large US mining company to invest in the central African nation amid early-stage conversations about a potential minerals and security partnership between the two countries.
KoBold, which uses artificial intelligence to explore for materials key to the energy transition, has proposed taking over a sought-after mining license. It also aims to resolve a long-drawn dispute involving Australia’s AVZ Minerals Ltd., China’s Zijin Mining Group Co. and the government, according to a letter seen by Bloomberg News.
The spat has held up investment in the Roche Dure resource which could become a major producer of the battery metal.
The deposit “has the potential to become a large-scale, long-lived lithium mine,” KoBold Chief Legal Officer Sandy Alexander wrote in a letter to Congo President Felix Tshisekedi’s chief of staff on Jan. 21. The company “would welcome the opportunity to develop the asset,” he said.
KoBold has more than 70 exploration projects around the world and is developing the Mingomba copper mine in neighboring Zambia, it said in the letter.
Read more: Congo Courts Trump for Strategic Minerals Tie-Up as War Looms
The offer came shortly before Tshisekedi proposed a minerals-for-security deal with US President Donald Trump’s administration. Congo’s government is struggling to contain a Rwanda-backed rebellion in its mineral-rich eastern provinces.
Read more: Rwanda-Backed Rebels Expand Control of Congo Despite Ceasefire
Zijin intends to open Congo’s first lithium mine in early 2026, next to the area targeted by KoBold. Even though lithium prices have tumbled more than 80% since a peak in 2022, Chinese firms have been ramping up output across Africa, locking down feedstock for refineries at home in anticipation of soaring future demand.
https://archive.is/o/ksIh3/https://www.bloomberg.com/subscriptions
AVZ was close to breaking ground on the project when Congo canceled its rights in 2023 and split the permit, handing one part to Zijin. KoBold’s proposal could settle the multiple arbitration cases filed in the aftermath, unlocking one of the world’s richest untapped sources of lithium, a crucial material used in electric-vehicle batteries. The Australian firm is trying to recover the entire exploration license.
KoBold said that to advance the plan AVZ would need to receive “appropriate compensation” and agree to transfer all its interests in Congo. Once all disputes are resolved, Zijin would keep the northern section of the deposit, and the US company would develop the southern portion.
KoBold also requested the Congolese government be the minority shareholder in any joint venture rather than state-owned Cominiere, AVZ’s partner before the relationship soured.
AVZ Chief Executive Officer Nigel Ferguson and one of the company’s external lawyers were copied on the letter addressed to Anthony Nkinzo, who serves as Tshisekedi’s chief of staff.
KoBold declined to comment but confirmed it sent the letter. AVZ declined to comment, while Zijin and Nkinzo did not respond to messages requesting comment.
Any takeover by KoBold would have to address a separate deal AVZ has with China’s Suzhou CATH Energy Technologies, which is co-owned by the world’s biggest EV battery maker and is helping fund the Australian firm during the arbitration proceedings.
Michael Bloomberg, the majority owner of Bloomberg News’s parent Bloomberg LP, is an investor in Gates’ Breakthrough Energy, which holds a stake in KoBold, according to the company’s website.
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MoneyBags1348
Top 20
I posted a thread on The AVZ Minerals Story @Spikerama
Nearly every story on AVZ is on that thread attached here
THE AVZ MINERALS STORY
Since 2017 in the DRC, AVZ Minerals has spent over $140 million on Acquiring Equipment for Infrastructure, Soil Sampling, Field Mapping, Consulting, Drilling, Metallurgical Testing, Completing a FEED Study, Environmental Study and Impact Assessment Reports including Groundwater Management, a 160...thestockexchange.com.au
I originally posted a number of different summarised versions on the thread and @Flexi made a version into a picture that I have attached below
View attachment 79849
PS mate, could you upload your Penalties counter and latest ICSID countdown to your thread with the assets for easy access. Thanks mate
PPS Winenuts you’re onand should be awarded the Golden Mantle
Thought I would add in @TDITD (TITS) classic for the good old days
https://www.captiongenerator.com/v/2282957/zijin-find-out-they-can't-steal-manono#google_vignette
While I’m here I just have to add this….
That fat potato headed President of the DRC is nothing more than a corrupt liar who can’t be trusted.
One minute he’d like us to think he’s in negotiations and ceasefire talks with the Rwandan leader and the next he’s wanting the US to put pressure and sanctions on Rwanda.
His diversionary tactics and blaming Rwanda as the reason for no foreigners wanting to invest in the DRC is so delusional that he thinks foreign investors are gullible enough to believe that bullshit. Everyone knows it’s because he’s corrupt, his government is corrupt and his mining officials are corrupt.
The fat wanker is talking about a win - win partnership between the US and him and his corrupt administration but no mention of the average person living in the DRC getting a win.
I’ve been reading about the M23 militia raping and slaughtering hundreds of thousands of innocent people for more than four years and the fat idiot doesn’t even pay his soldiers a dollar a day to fight to save people. In fact the corruption by those high up in his army is as bad in his government.
Like I started off saying, he can’t be trusted and I’m all for Nigel not believing anything he says and not accepting the low ball offers that I’m sure KoBold and the US have put forward.
To all those shareholders who made the move to twitter, keep up the great work and the pressure on the fat dickhead and others who have tried to steal our project.
Like Nigel we have to think about us and our company. Trump and KoBold will be trying to get away with paying peanuts for our project and the fat idiot is that desperate to get help fighting the M23 rebels that I reckon his lies and weak yellow streak won’t hold up much longer.
Go hard on him on twitter! Here’s a couple of links on Cominiere’s corruption, the arbitration cases we’ve won and the corruption by the DRC and Zijin
Cominiere’s Corruption
Cominiere’s Corruption Investors, mining companies, battery maker’s and EV manufacturer’s around the world know the story of AVZ Minerals and how DRC state miner Cominiere seized the Manono lithium project from Dathcom and sold it to Chinese Zijin Mining Follow the links below to see 1. The...
thestockexchange.com.au
Manono Lithium Continues To Violate ICC and ICSID Orders In The DRC
17/11/2023 https://announcements.asx.com.au/asxpdf/20231117/pdf/05xgd2s91x97y0.pdf 10/01/2024 Manono: The suspension of Manono Lithium's activities is being debated The Governor of the Province of Tanganyika suspends the career activities of the mining company ManonoLithium for an...
thestockexchange.com.au
Reports On Zijin Mining’s Violations
Read multiple reports on Zijin Mining’s violations Non fiction journalists reports on Zijin Mining 👇 Zijin’s poisoned legacy A toxic spill last year blackened the name of Chinese metals giant Zijin Mining. But, in Fujian, its broken promises and environmental failures have a longer history...
thestockexchange.com.au
Ongoing Corruption Makes International Investment Dangerous In The DRC
Why the DRC is too dangerous to invest in and why the DRC won’t prosper while corruption continues under the protection of the President and corrupt officials Corruption in the DRC has remained under the Tshisekedi government. The DRC government and mining sectors are rife with bribes...
thestockexchange.com.au
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KoBold said that to advance the plan AVZ would need to receive “appropriate compensation” and agree to transfer all its interests in Congo.
damn this part! yassssssssssss
Last edited:
Spikerama
Regular
I thought you meant this one...
"The tale of AVZ"...... (Part 1)
Once upon a time AVZ aquired a majority share interest in Dathcom
WOW!!!......let's go mining!
Some even prepared new clothes and adornments
Then a green witch appeared
and things started to go wrong
another bad actor entered the scene....or more accurately never left it
and really messed things up...
to be continued......
Wino... mate, I don't know how many times I've told you, I fucking hate memes but that my friend, is fucking gold!!
Had me giggling like a girl every step of the story. Hats off. No actually, pants off it was that fucking good.
Well done.
Spikerama
Regular
I posted a thread on The AVZ Minerals Story @Spikerama
You might need more than a quick scan. Nearly every story on AVZ is on that thread attached here
THE AVZ MINERALS STORY
Since 2017 in the DRC, AVZ Minerals has spent over $140 million on Acquiring Equipment for Infrastructure, Soil Sampling, Field Mapping, Consulting, Drilling, Metallurgical Testing, Completing a FEED Study, Environmental Study and Impact Assessment Reports including Groundwater Management, a 160...
I originally posted a number of different summarised versions on the thread and @Flexi made a version into a picture that I have attached below
View attachment 79849
PS mate, could you upload your Penalties counter and latest ICSID countdown to your thread with the assets for easy access. Thanks mate
PPS Winenuts you’re on
Thought I would add in @TDITD (TITS) classic for the good old days
https://www.captiongenerator.com/v/2282957/zijin-find-out-they-can't-steal-manono#google_vignette
Thanks for that Bags I will delve a bit deeper.
Also those Counters are in the Assets thread. Just flick through the pages they should be towards the last few. If not et me know I will go put them in again.
Frank
Top 20
*Jonnno doing a great job as usual "Naming and Shaming the Bastards"
Nothing to see here. It's perfectly normal to help each other out.
great way to end the night
JAG
Top 20
Bin59
Regular
Will be interesting to see if BHP wants to be involved as well, they have an existing partnership deal with KoBold to look for battery metals.Holey moley! BATTLE STATIONS
KoBold Metals Co., backed by billionaires Bill Gates and Jeff Bezos, has told the government of the Democratic Republic of Congo it wants to develop one of the world’s biggest hard rock lithium deposits.
It’s the first major offer by a large US mining company to invest in the central African nation amid early-stage conversations about a potential minerals and security partnership between the two countries.
KoBold, which uses artificial intelligence to explore for materials key to the energy transition, has proposed taking over a sought-after mining license. It also aims to resolve a long-drawn dispute involving Australia’s AVZ Minerals Ltd., China’s Zijin Mining Group Co. and the government, according to a letter seen by Bloomberg News.
The spat has held up investment in the Roche Dure resource which could become a major producer of the battery metal.
The deposit “has the potential to become a large-scale, long-lived lithium mine,” KoBold Chief Legal Officer Sandy Alexander wrote in a letter to Congo President Felix Tshisekedi’s chief of staff on Jan. 21. The company “would welcome the opportunity to develop the asset,” he said.
KoBold has more than 70 exploration projects around the world and is developing the Mingomba copper mine in neighboring Zambia, it said in the letter.
Read more: Congo Courts Trump for Strategic Minerals Tie-Up as War Looms
The offer came shortly before Tshisekedi proposed a minerals-for-security deal with US President Donald Trump’s administration. Congo’s government is struggling to contain a Rwanda-backed rebellion in its mineral-rich eastern provinces.
Read more: Rwanda-Backed Rebels Expand Control of Congo Despite Ceasefire
Zijin intends to open Congo’s first lithium mine in early 2026, next to the area targeted by KoBold. Even though lithium prices have tumbled more than 80% since a peak in 2022, Chinese firms have been ramping up output across Africa, locking down feedstock for refineries at home in anticipation of soaring future demand.
https://archive.is/o/ksIh3/https://www.bloomberg.com/subscriptions
AVZ was close to breaking ground on the project when Congo canceled its rights in 2023 and split the permit, handing one part to Zijin. KoBold’s proposal could settle the multiple arbitration cases filed in the aftermath, unlocking one of the world’s richest untapped sources of lithium, a crucial material used in electric-vehicle batteries. The Australian firm is trying to recover the entire exploration license.
KoBold said that to advance the plan AVZ would need to receive “appropriate compensation” and agree to transfer all its interests in Congo. Once all disputes are resolved, Zijin would keep the northern section of the deposit, and the US company would develop the southern portion.
KoBold also requested the Congolese government be the minority shareholder in any joint venture rather than state-owned Cominiere, AVZ’s partner before the relationship soured.
AVZ Chief Executive Officer Nigel Ferguson and one of the company’s external lawyers were copied on the letter addressed to Anthony Nkinzo, who serves as Tshisekedi’s chief of staff.
KoBold declined to comment but confirmed it sent the letter. AVZ declined to comment, while Zijin and Nkinzo did not respond to messages requesting comment.
Any takeover by KoBold would have to address a separate deal AVZ has with China’s Suzhou CATH Energy Technologies, which is co-owned by the world’s biggest EV battery maker and is helping fund the Australian firm during the arbitration proceedings.
Michael Bloomberg, the majority owner of Bloomberg News’s parent Bloomberg LP, is an investor in Gates’ Breakthrough Energy, which holds a stake in KoBold, according to the company’s website.
BHP signs partnership deal with billionaire-backed AI explorer KoBold
September 8, 20213:26 PM GMT+10Updated 4 years ago
A tonne of nickel powder made by BHP Group sits in a warehouse at its Nickel West division, south of Perth, Australia August 2, 2019. Picture taken August 2, 2019.
REUTERS/Melanie Burton
MELBOURNE, Sept 8 (Reuters) - BHP Group (BHP.AX) will team up with billionaire-backed AI exploration firm KoBold Metals to look for battery minerals like copper and nickel in Australia and other global locations, the companies said on Wednesday.
The world's largest miner is building out its portfolio in what it calls "future facing commodities", expecting demand for electric vehicles and green energy to determine the minerals that will drive profits in coming years.
The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign uphere.
Privately held KoBold uses machine learning and artificial intelligence to hunt for raw materials. Its principal investors include Breakthrough Energy Ventures, a climate and technology fund backed by Microsoft's (MSFT.O) Bill Gates, Bloomberg founder Michael Bloomberg and Amazon's (AMZN.O) Jeff Bezos. read more
Miners have been moving towards machine learning to find underground deposits in recent years, leading to some big discoveries, such as Rio Tinto's (RIO.AX) copper project Winu.
"Globally, shallow ore deposits have largely been discovered, and remaining resources are likely deeper underground and harder to see from the surface," said Keenan Jennings, vice-president of BHP Metals Exploration.
"We need new approaches to find the next generation of essential minerals, and this alliance will combine historical data, artificial intelligence, and geoscience expertise to uncover what has previously been hidden," he said.
The alliance will cover an area in Western Australia of more than 500,000 sq km (193,000 sq miles), KoBold CEO Kurt House told Reuters.
"Exploration success rates have been declining over the last couple of decades ... because the easy things have been found," House said.
The discovery zones over the next 20 years will be at depths of 200 m to 1,500 m, he said.
"That’s the area that is very poorly explored (and) is likely to host a tremendous number of ore bodies."
KoBold has a dozen tie-ups across about 20 locations including Sub-Saharan Africa, North America and Australia, looking for copper, cobalt, nickel and lithium, House said.
Australia has some of the world's best mapping data for prospective minerals, while its solid regulatory environment also make it an attractive destination, House said.
KoBold, however, said it is closely watching development of a bill to protect Aboriginal heritage in Western Australia. Indigenous groups have protested a draft of the bill because it denies them final say-so over protection of their sacred sites, which could become a governance issue for miners and investors.
KoBold is planning to set up an Australian office in the next 12 months and is looking for other exploration partners.
"Inside the area of interest we are exclusive for BHP, but outside we are open for business.
I think it makes sense that they will look to JV with likeminded companies. Even if given assurances by the DRC Government, it's a big risk to take on. Spreading it with others is more manageable, especially with companies with certain type of mining 'expertise'.Will be interesting to see if BHP wants to be involved as well, they have an existing partnership deal with KoBold to look for battery metals.
BHP signs partnership deal with billionaire-backed AI explorer KoBold
September 8, 20213:26 PM GMT+10Updated 4 years ago
A tonne of nickel powder made by BHP Group sits in a warehouse at its Nickel West division, south of Perth, Australia August 2, 2019. Picture taken August 2, 2019.
REUTERS/Melanie Burton
MELBOURNE, Sept 8 (Reuters) - BHP Group (BHP.AX) will team up with billionaire-backed AI exploration firm KoBold Metals to look for battery minerals like copper and nickel in Australia and other global locations, the companies said on Wednesday.
The world's largest miner is building out its portfolio in what it calls "future facing commodities", expecting demand for electric vehicles and green energy to determine the minerals that will drive profits in coming years.
The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign uphere.
Privately held KoBold uses machine learning and artificial intelligence to hunt for raw materials. Its principal investors include Breakthrough Energy Ventures, a climate and technology fund backed by Microsoft's (MSFT.O) Bill Gates, Bloomberg founder Michael Bloomberg and Amazon's (AMZN.O) Jeff Bezos. read more
Miners have been moving towards machine learning to find underground deposits in recent years, leading to some big discoveries, such as Rio Tinto's (RIO.AX) copper project Winu.
"Globally, shallow ore deposits have largely been discovered, and remaining resources are likely deeper underground and harder to see from the surface," said Keenan Jennings, vice-president of BHP Metals Exploration.
"We need new approaches to find the next generation of essential minerals, and this alliance will combine historical data, artificial intelligence, and geoscience expertise to uncover what has previously been hidden," he said.
The alliance will cover an area in Western Australia of more than 500,000 sq km (193,000 sq miles), KoBold CEO Kurt House told Reuters.
"Exploration success rates have been declining over the last couple of decades ... because the easy things have been found," House said.
The discovery zones over the next 20 years will be at depths of 200 m to 1,500 m, he said.
"That’s the area that is very poorly explored (and) is likely to host a tremendous number of ore bodies."
KoBold has a dozen tie-ups across about 20 locations including Sub-Saharan Africa, North America and Australia, looking for copper, cobalt, nickel and lithium, House said.
Australia has some of the world's best mapping data for prospective minerals, while its solid regulatory environment also make it an attractive destination, House said.
KoBold, however, said it is closely watching development of a bill to protect Aboriginal heritage in Western Australia. Indigenous groups have protested a draft of the bill because it denies them final say-so over protection of their sacred sites, which could become a governance issue for miners and investors.
KoBold is planning to set up an Australian office in the next 12 months and is looking for other exploration partners.
"Inside the area of interest we are exclusive for BHP, but outside we are open for business.
"KoBold also requested the Congolese government be the minority shareholder in any joint venture rather than state-owned Cominiere."Holey moley! BATTLE STATIONS
KoBold Metals Co., backed by billionaires Bill Gates and Jeff Bezos, has told the government of the Democratic Republic of Congo it wants to develop one of the world’s biggest hard rock lithium deposits.
It’s the first major offer by a large US mining company to invest in the central African nation amid early-stage conversations about a potential minerals and security partnership between the two countries.
KoBold, which uses artificial intelligence to explore for materials key to the energy transition, has proposed taking over a sought-after mining license. It also aims to resolve a long-drawn dispute involving Australia’s AVZ Minerals Ltd., China’s Zijin Mining Group Co. and the government, according to a letter seen by Bloomberg News.
The spat has held up investment in the Roche Dure resource which could become a major producer of the battery metal.
The deposit “has the potential to become a large-scale, long-lived lithium mine,” KoBold Chief Legal Officer Sandy Alexander wrote in a letter to Congo President Felix Tshisekedi’s chief of staff on Jan. 21. The company “would welcome the opportunity to develop the asset,” he said.
KoBold has more than 70 exploration projects around the world and is developing the Mingomba copper mine in neighboring Zambia, it said in the letter.
Read more: Congo Courts Trump for Strategic Minerals Tie-Up as War Looms
The offer came shortly before Tshisekedi proposed a minerals-for-security deal with US President Donald Trump’s administration. Congo’s government is struggling to contain a Rwanda-backed rebellion in its mineral-rich eastern provinces.
Read more: Rwanda-Backed Rebels Expand Control of Congo Despite Ceasefire
Zijin intends to open Congo’s first lithium mine in early 2026, next to the area targeted by KoBold. Even though lithium prices have tumbled more than 80% since a peak in 2022, Chinese firms have been ramping up output across Africa, locking down feedstock for refineries at home in anticipation of soaring future demand.
https://archive.is/o/ksIh3/https://www.bloomberg.com/subscriptions
AVZ was close to breaking ground on the project when Congo canceled its rights in 2023 and split the permit, handing one part to Zijin. KoBold’s proposal could settle the multiple arbitration cases filed in the aftermath, unlocking one of the world’s richest untapped sources of lithium, a crucial material used in electric-vehicle batteries. The Australian firm is trying to recover the entire exploration license.
KoBold said that to advance the plan AVZ would need to receive “appropriate compensation” and agree to transfer all its interests in Congo. Once all disputes are resolved, Zijin would keep the northern section of the deposit, and the US company would develop the southern portion.
KoBold also requested the Congolese government be the minority shareholder in any joint venture rather than state-owned Cominiere, AVZ’s partner before the relationship soured.
AVZ Chief Executive Officer Nigel Ferguson and one of the company’s external lawyers were copied on the letter addressed to Anthony Nkinzo, who serves as Tshisekedi’s chief of staff.
KoBold declined to comment but confirmed it sent the letter. AVZ declined to comment, while Zijin and Nkinzo did not respond to messages requesting comment.
Any takeover by KoBold would have to address a separate deal AVZ has with China’s Suzhou CATH Energy Technologies, which is co-owned by the world’s biggest EV battery maker and is helping fund the Australian firm during the arbitration proceedings.
Michael Bloomberg, the majority owner of Bloomberg News’s parent Bloomberg LP, is an investor in Gates’ Breakthrough Energy, which holds a stake in KoBold, according to the company’s website.
Celestine Kibeya just got bitch slapped . Lets hope he goes missing in croc infested waters .
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