AVZ Discussion 2022
- Thread starter GazDix
- Start date
Stockinvesting
Regular
FWIW. IMO.
The ICSID previously told both parties the matter would proceed on 1 June. Enough, is enough
No adjournment (suspension) would have been granted, let alone requested, if a deal wasn't very, very close to being agreed upon. The fact AVZ themselves asked for/agreed to the delay speaks volumes.
Note the very short time frame of the adjournment. It's close. Very close.
Awaiting Lawyers' proof reading, minor changes to contracts, gives and takes, final wording........
Deal's done.
The ICSID previously told both parties the matter would proceed on 1 June. Enough, is enough
No adjournment (suspension) would have been granted, let alone requested, if a deal wasn't very, very close to being agreed upon. The fact AVZ themselves asked for/agreed to the delay speaks volumes.
Note the very short time frame of the adjournment. It's close. Very close.
Awaiting Lawyers' proof reading, minor changes to contracts, gives and takes, final wording........
Deal's done.
Last edited:
Dave Evans
Regular
@Samus have you noticed TSE’s new method of moderating posts. They don’t warn you and they leave the post where you can see it through your own profile but they remove it from the main thread so no one else can see it
Might be time to start going through and deleting a few threads I posted. Anyway mate to answer your question from earlier today about something funny going on, that’s what it is
Might be time to start going through and deleting a few threads I posted. Anyway mate to answer your question from earlier today about something funny going on, that’s what it is
Dave Evans
Regular
It’s always the ones who shout the loudest and play the victim mate
Samus
Top 20
Best to report to admin on that absolute grubby little fuckwit.
And yes I am experiencing that same thing.
Dave Evans
Regular
I lost count of the times I’ve been moderated. I haven’t reported anything to the mods since reporting a few posts on the thread I linked below. Waste of time really, but if you want a laugh have a look at this this link
Frank
Top 20
Congo eyes US minerals deal by end of June, FT reports
May 25 (Reuters) - Officials from the Democratic Republic of Congo are optimistic they can reach a deal with Washington next month to secure U.S investment in critical minerals alongside support to end a Rwandan-backed rebellion in the country’s east, the Financial Times reported on Sunday.Congolese minerals such as tungsten, tantalum and tin, which Kinshasa has long accused neighbouring Rwanda of illegally exploiting, could be exported legitimately to Rwanda for processing under the terms of a peace deal being negotiated by the U.S., Reuters reported last week.
An investment deal with the U.S. and separate peace deal with Rwanda were possible "by the end of June", the newspaper said, citing two people close to the negotiations. But potential stumbling blocks remain substantial, the FT said.
Congo's Mines Minister Kizito Pakabomba said an agreement with the U.S. would help "diversify our partnerships", reducing the country’s dependence on China for the exploitation of its vast mineral riches, the FT reported.
Kinshasa views the plundering of its mineral wealth as a key driver of the conflict between its forces and Rwanda-backed M23 rebels in eastern Congo that has intensified since January, accusing Kigali of smuggling tens of millions of dollars worth of minerals over the border each month to be sold from Rwanda.
Washington is pushing for a peace agreement between the two sides to be signed this summer, accompanied by minerals deals aimed at bringing billions of dollars of Western investment to the region, Massad Boulos, U.S. President Donald Trump's senior adviser for Africa, said earlier this month.
Dave Evans
Regular
David Krappenschitz
Regular
And in a way that allows SHs to get the CGT discount
Spikerama
Regular
Now you're just being mean to people with small genitalia who like to wank.
Very unkind.
And if it's <$2, we all invite Nigel to a 'party'?
From the crapa.
AVZ moves step closer to great escape from the DRC
Brad ThompsonThe disputed AVZ Minerals lithium project in the DRC.
Gift this article0 Comments
42 minutes ago
Perth-based AVZ Minerals and the Democratic Republic of Congo have suspended their bitter legal battle over a giant lithium project as the US closes in on a critical minerals pact with the troubled African nation.
The US pushed AVZ and the DRC to find common ground as part of its desire for the lithium prize to end up in the hands of an American company – and not in the clutches of Chinese interests.
The suspension of legal hostilities takes AVZ a big step closer to having its permits over the southern portion of the Manono Project returned so it can be on-sold to California-based KoBold, a company whose backers include Bill Gates and Jeff Bezos.
AVZ and the DRC’s state-owned mining company hit pause on legal action in the International Court of Arbitration of the International Chamber of Commerce until June 23 in a sign of goodwill, and will negotiate on the return of the Manono permit.
The prospect of a peace deal sometime in the next four weeks also suggests a timeline for a deal between AVZ and KoBold, who are in negotiations about the sale price.
The market valued AVZ as high as $4.6bn in 2022 amid a lithium boom and excitement around Manono that drew in more than 21,000 investors.
The company’s stocks tumbled and it was eventually de-listed and hit with disputed corruption allegations after losing control of the massive hard rock deposit that has been likened to the world-leading Greenbushes lithium mine in Western Australia.
The disputed AVZ Minerals lithium project in the DRC.
Investors now appear well on track to receive some return based on the thaw in relations between AVZ and DRC officials, and lobbying that garnered US support for Nigel Ferguson-led AVZ.
The Australian first reported in March that the Trump administration was poised to insist control of the southern part of Manono be handed back to AVZ, in a move that risked provoking a backlash from China.
The Trump administration and the DRC are now close to signing a critical minerals pact after DRC President Felix Tshisekedi sought US protection from Rwanda-backed M23 rebels that had overrun parts of his country.
The US State Department published a declaration of principles between DRC and Rwanda that provides a framework for peace, and AVZ and KoBold confirmed they were working a deal on Manono since The Australian’s exclusive report.
The United Nations estimates more than 71,000 people fleeing violence in the east of the DRC have crossed the border into Burundi since January.
The US wants AVZ and the DRC to drop any legal action before a sale, with the ceasefire in their arbitration case pointing to a breakthrough on that front. It appears Chinese mining heavyweight Zijin will be left alone to develop the northern half of Manono.
However, AVZ will have to talk with Chinese battery-maker CATL, which listed on the Hong Kong Stock Exchange last week, about the sale to KoBold. A CATL subsidiary owns part of AVZ and, through a deal revised in January, helped fund the legal fight with the DRC.
It was reported on March 30 that AVZ could on-sell the Manono project to KoBold for up to $US1.5bn.
However, the sale price remains unclear and complicated by geopolitics, further weakness in global lithium markets and the possibility the DRC could ignore any adverse ruling if the international arbitration case were to continue.
Spikerama
Regular
Yeah, a Pinata Party. Where he's the pinata.
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