I am so not missing HauteCrapper, the discourse here is streets ahead ... not without it's quirks, but life would be boring without a few of those
AVZ Discussion 2022
- Thread starter GazDix
- Start date
cruiser51
Top 20
I'm sorry Sammy, I saw your post come through and later one of your posts deleted, didn't know which one.Not sure about anyone else but I've been ignoring HC for the most part when it comes to AVZ. Had to sus it out this past week out of morbid curiosity.
It's been nice to discuss ones investment without the added aggravation. With BRN my second largest holding happily paid up here as the bulk of the informed BRN posters left the crapper for similar reasons. I'm sure this place will grow to encompass other stocks over time, it's a far superior platform.
Waste of my fucking time, every time I come out with a good one it gets moderated but the toll posts remain
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But it is funny, which thin skinned twit got this moderated?
Was it the uneducated twit, or the uneducated twot?
Samus
Top 20
Hmm lemme seeI'm sorry Sammy, I saw your post come through and later one of your posts deleted, didn't know which one.
But it is funny, which thin skinned twit got this moderated?
Was it the uneducated twit, or the uneducated twot?
It was davetrader1234 so all of the above
DiscoDanNZ
Regular
That got modded? Actually not surprised...Not sure about anyone else but I've been ignoring HC for the most part when it comes to AVZ. Had to sus it out this past week out of morbid curiosity.
It's been nice to discuss ones investment without the added aggravation. With BRN my second largest holding happily paid up here as the bulk of the informed BRN posters left the crapper for similar reasons. I'm sure this place will grow to encompass other stocks over time, it's a far superior platform.
Waste of my fucking time, every time I come out with a good one it gets moderated but the toll posts remain
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That's my effort at getting modded for today. Did I breach the TOU? Absolutely. Did they moderate the non holder telling holders to get the vaso ready? Of course not, why would they do that? I re-reported the posts telling them to do their fucken jobs.
cruiser51
Top 20
You have some odd friends
Sammy_da_Smile
Regular
Not sure if anyone can translate the following from https://t.co/ZyoD6ah9KV
This is from by the looks a DRC newspaper with all this playing out dated 11 Apr.
Source below (great find if you are among us)
This is from by the looks a DRC newspaper with all this playing out dated 11 Apr.
Source below (great find if you are among us)
cruiser51
Top 20
La Cominière gives Chinese Zijin great pleasure in the lithium project
- Mon, 04/11/2022 - 16:28
Le Soft International n°1550|MONDAY APRIL 11, 2022.
If that's true, it's to sleep on. A real scandal as it now erupts with each dive. This is the bitter observation that one could make. In a letter that sounds like a blaster, the General Inspectorate of Finance reportedly wrote to Prime Minister Jean-Michel Sama Lukonde Kyenge and brought to his particular attention a note on the results of a check on the regularity of the sale of the stakes of Cominière SA, a State Portfolio company, in Dathcom Mining SA. Note ? A real interpellation of the Head of Government...
The case ? Better, the umpteenth case, because they are now legion: the 15% of the shares of the public company La Cominière in the company Dathcom Mining to the Chinese company Zijin Mining, carried out in violation of the legal provisions on the withdrawal of the Statement of Portfolio Companies.
These shares were valued at US$150,000,000, they were sold at US$33,440,000. Shortfall: US$116,560,000.
Then, the squandering of the proceeds of this sale. Of these US$33,440,000 received and, in collusion with the Board of Directors of Cominière SA, the managers of this public company have already distributed US$6,800,000.
The reasons, in their eyes, are not lacking: payment of snacks, fees, commissions and remuneration to those who contributed to the realization of this operation.
And, since there are no two without three, free transfer of 5% of the shares of Cominière SA in the company Dathcom Minging SA for the benefit of the company Dathomir Mining Sarl. Of which 5% would have been resold for 85 million $US. A pattern that recalls many others...
WHAT WILL THE PRIME MINISTER DO?
In this leaked letter, three points stand out clearly and are bolded and underlined: “sale of the State's mining heritage”; “dissipation of the proceeds from the sale of 15% of the shares of Cominière SA in the company Dathcom Minging”; "transfer free of charge...". In short, a scandal awaiting an exemplary sanction.
The IGF, which knows how to call a spade a spade, suspects three officials: the Managing Director ai of Cominière SA, Athanase Mwamba Misao, the members of the Board of Directors of Cominière who allegedly authorized these operations, the Minister of Portfolio Adèle Kahinda Mayna.
According to circles close to the case, it is following the recommendations issued by HE the President of the Republic, Head of State, for the supervision of all the financial operations of the State, (that) the Inspection Générale des Finances has just carried out a mission to control the sale of the holdings of the company Cominière SA, State Portfolio Company, in the company Dathcom Mining SA specializing in the production of lithium according to mission order no. 54/PR/IGF/lG CS/JAK/BRF/2022 of February 16, 2022 followed by mission order n°73/PR/IGF/IG-CS/JAK/BEP/2022 of February 22, 2022.
After this control mission, three important facts jump to the eye and for which “we seize your authority for decision”, writes the mail.
These are: selling off the State's mining heritage. The transfer of 15% of the shares of the public company La Cominière in the company Dathcom Mining to the company Zijin Mining was carried out in violation of the legal provisions on the withdrawal of the State from holding companies.
In fact, the 15% of the shares of Cominière SA valued at US$150,000,000 (one hundred and fifty million US dollars) were sold to Zijin Mining for a total value of US$33,440,000 (US dollars). Americans thirty-three million four hundred and forty thousand). This results in a shortfall of US$116,560,000 (US dollars one hundred and sixteen million five hundred and sixty thousand)”; “Waste of the proceeds from the sale of 15% of the shares of Cominière SA in the company Dathcom Mining.
Out of the total amount of proceeds from the sale of 15% of the shares, which amounts to US$33,440,000 (US dollars thirty-three million four hundred and forty thousand), Cominière SA has already used around US$6,800,000 US (US dollars sin million eight hundred thousand) for snacks, fees, commission and remuneration for the benefit of the persons who contributed to the sale of the shares, with the approval of the Board of Directors of Cominière SA ".
Then: “Transfer free of charge of 5% of the shares of Cominière SA in the company Dathcom Mining SA for the benefit of Dathomir Mining Sarl. The presumed free and provisional transfer of 5% of Cominière's shares in Dathcom Mining SA to Dathomir Mining Sarl, which took place in 2017, proved in view of the transfer contract that it was final and irrevocable, with a price agreed between the two parties, but whose income has not been traced to Cominière SA. There is presumption of use of forgery on the part of the Director General ai to carry out a fraudulent transfer of 5% of shares”.
Then close by appointing those responsible. "All these facts are the responsibility of the Chief Executive Officer ai of Cominière SA, the members of the Board of Directors of the said company as well as the Minister of State, Minister of the Portfolio".
La Cominière SA is a young mining company whose head office is located at n°5167, avenue Nyembo, Socimat district, in Kinshasa-Gombe. It was created on April 12, 2010 after the decision of the General Meeting of shareholders, namely, the Ministry of Portfolio and the National Institute of Social Security whose new name, since July 15, 2018 (law of July 15, 2016 ), is the National Social Security Fund, CNSS.
THE INFLUENTIAL CONG MAO HUAI.
La Cominière owns 35 mining areas scattered in North Katanga, in the provinces of Tanganyika and Haut-Lomami where there are pegmatite-type rocks rich in spodumene, a lithium mineral associated with stanno-coltaniferous ores.
More specifically in the territories of Manono, Mitwaba, Kalemie, Malemba-Nkulu, Bukama, Moba, Nyunzu, Kongolo. The company conducts all study, prospecting, research and mining operations for cassiterite, tantalum, niobium, wolfram, lithium, gold and all transferable and recoverable mineral substances.
The history of Cominière dates back to 1920 when the Geological and Mining Company of Belgian Engineers and Industrialists extracted tin in Manono. In 1960, the day after independence, the Geological and Mining Company sold its assets to the Geological and Mining Company of Congo.
Renamed Congo-Étain in 1968, then Zaire-Étain in 1971, the company saw its production gradually drop. In 1997, it resumed the name of Congo-Étain, before being reborn, at the beginning of the 2010s, under the name of Cominière, la Congolaise d'Exploitation Minière, whose capital is held by the Congolese State (90%) and the National Social Security Fund (10%).
Dathomir Mining Resources, owned by the influential Chinese businessman Cong Mao Huai, called Simon Cong in Congo, and considered the bridgehead of Chinese business in the country, in September 2020 concluded a sale of 10% of its shares in Manono to the Australian operator of the project, AVZ Minerals.
The finalization of the transaction makes AVZ Minerals the owner of 75% of the lithium site against 25% for the state company Cominière.
Zijin Mining is a Chinese mining company. It is China's third largest copper enterprise. It is the leading gold company in China and operates the Zijinshan mine, China's largest gold mine. In May 2015, Zijin Mining bought 47% of the Kamoa project for US$412 million from Canadian Ivanhoe Mines.
In total, Zijin Mining has a 57% stake in the Kamoa copper mine and a 51% stake through its subsidiary Jin Cheng Mining in the Compagnie Minière de Musonoie Global.
Classified as a strategic metal in the Congo, lithium is a rare metal. It is used in the manufacture of cells and batteries, in particular for solar panels, computers, smartphones and electric cars, but also in the glass and ceramics industry, such as in the manufacture of special lubricants and alloys, the treatment of stale air by CO2, the pharmaceutical industry and that of rubber and thermoplastics.
The world's largest producers of lithium to date are Bolivia, Chile and Argentina, dubbed the “lithium triangle”, as well as China and Australia. Lithium from the Congo could eventually prove to be the easiest to extract and of the highest quality. The country, which hosts a number of metals essential to the energy transition and which arouse covetousness, is already the main world supplier of cobalt and one of the major players in the production of copper, attracts the whole world with its immense reserves of lithium to his bow.
D.DADEI.
Sammy_da_Smile
Regular
Thanks mate and holy shit
Sammy_da_Smile
Regular
Tunedin
One Happy Camper
Well Nigel has been over there for four months dealing with this stuff. He is not alone in his challenging of the corruption. He has been saying over and over again for months that AVZ has a very strong and positive relationship with the DRC government.
Z on the other hand have a cartel of officials on the take that are in effect undermining the DRC Government's very public posturing to rid itself of corruption in the mining industry.
When push comes to shove who would you be betting on?
Samus
Top 20
The guy spouting that crap on the
has NFI and confused this with the 15% already purchased from Dathomir.Stick around here mate, that convoluted garbage will do your head in.
cruiser51
Top 20
Dunno, but I stumbled on it by accident, as you do.
I believe this is the minister involved:
It is a princess appointed by Felix.
I don't know if she will have enough time to build up enough to retire.
Sammy_da_Smile
Regular
Yes the more we see the more becomes clear. I just wish it was mentioned earlier in some way.
I feel the damage has been done. With all the downramping and negative media and crazy spins floating the internet recently I feel that regardless of the outcome people are afraid. Even the battle between Jens and the PM guy that works for the investment firm. WOW. I tell you what, his comments are insane for a professional type guy. Will he have a job tomorrow? Probably not.
Look at twitter today, even man and his dog has had their say and it is absolutely f%^$ked. Literally making me so dumb reading some of the comments. Even HC is just a shit show. People who get off on putting others down are the scum of this earth.
May the truth prevail
in Nigel we trust 
Sammy_da_Smile
Regular
Frank
Top 20
John25
Regular
The lunatics are running the asylum on HC, no surprises there I guess?
Frank
Top 20
*Speaking of Critical Minerals, Lithium, Tantalum and Tin, plus all things Rare Earth related, did anyone else apart from Me-Frank watch a fascinating episode of 4 Corners tonight
Digging In: Why powering a green future means more mines
“It's absolutely ironic. But to save the planet, we are going to need more mines.” Government geoscientist
Around Australia new mining operations are being established and old sites, shuttered decades ago, are being brought back to life.
These miners aren’t digging for coal or gold, they’re hunting for other lucrative commodities – known as critical minerals.
“Critical minerals (are) everything you use for electric vehicles, for transport, for manufacturing. We're really at the start of what could be a new mining boom.” Minerals lobbyist
If you own a mobile phone, if you power your home with renewable energy or drive an electric vehicle, then these minerals are already playing a key part in your life.
And they will play a vital role in all our futures.
But there is a hidden cost?
“We have to decide as a country. How valuable is a place and is it worth risking for mining?” Research scientist
“Australia is still the luckiest country. Last century we were the luckiest because we had all the coal and a huge amount of natural gas… what we know the future needs is things that Australia also has in spades.” US energy policy adviser
From lithium mines in WA and the NT, to cobalt operations in NSW and tin mining in Tasmania, these critical minerals are not just making major profits, they’re playing a part in the super power rivalry between America and China.
“China has always known the value of critical minerals. We are moving into a period now of geopolitical competition, everybody is looking for leverage. The Chinese are quite explicit about that.” China analyst
With China dominating the control and supply of these critical minerals, many nations are keeping a close eye on Australia’s mining operations in the hope of breaking China’s dominance.
“We have met with heads of state, senior cabinet officials and global businesses…They all want to break this stranglehold.” Mining CEO
But environmentalists are concerned that hard fought environmental protections are being put at risk in this new type of gold rush.
“It's not saving the planet. That's ridiculous.
That is green spin, green extractivism, coming out of the mining industry.” Environment activist
This fascinating film reveals the tensions, and the big decisions Australia will have to make to enable the production of these vital minerals without inflicting further harm on our increasingly fragile environment.
“It's a confounding issue for the environmental movement. There's absolutely no doubt that we have to move to mining of critical minerals, if we are going to address the climate crisis... At the same time, we need to be absolutely sure that we are not repeating the mistakes of the past.”
Digging In, reported by Angus Grigg, goes to air on Monday 9th May at 8.30pm. It is replayed on Tuesday 10th May at 11.00pm and Wednesday 11th at 10am. It can also be seen on ABC NEWS channel on Saturday at 8.10pm AEST, ABC iview and at abc.net.au/4corners.
Digging In: Why powering a green future means more mines
Four Corners is the home of Australian investigative journalism.
All Roads lead to AVZ & Manono imo
Food for thought 4 Corners
Frank
I saw the show Frank*Speaking of Critical Minerals, Lithium, Tantalum and Tin, plus all things Rare Earth related, did anyone else apart from Me-Frank watch a fascinating episode of 4 Corners tonight
Digging In: Why powering a green future means more mines
“It's absolutely ironic. But to save the planet, we are going to need more mines.” Government geoscientist
Around Australia new mining operations are being established and old sites, shuttered decades ago, are being brought back to life.
These miners aren’t digging for coal or gold, they’re hunting for other lucrative commodities – known as critical minerals.
“Critical minerals (are) everything you use for electric vehicles, for transport, for manufacturing. We're really at the start of what could be a new mining boom.” Minerals lobbyist
If you own a mobile phone, if you power your home with renewable energy or drive an electric vehicle, then these minerals are already playing a key part in your life.
And they will play a vital role in all our futures.
But there is a hidden cost?
“We have to decide as a country. How valuable is a place and is it worth risking for mining?” Research scientist
“Australia is still the luckiest country. Last century we were the luckiest because we had all the coal and a huge amount of natural gas… what we know the future needs is things that Australia also has in spades.” US energy policy adviser
From lithium mines in WA and the NT, to cobalt operations in NSW and tin mining in Tasmania, these critical minerals are not just making major profits, they’re playing a part in the super power rivalry between America and China.
“China has always known the value of critical minerals. We are moving into a period now of geopolitical competition, everybody is looking for leverage. The Chinese are quite explicit about that.” China analyst
With China dominating the control and supply of these critical minerals, many nations are keeping a close eye on Australia’s mining operations in the hope of breaking China’s dominance.
“We have met with heads of state, senior cabinet officials and global businesses…They all want to break this stranglehold.” Mining CEO
But environmentalists are concerned that hard fought environmental protections are being put at risk in this new type of gold rush.
“It's not saving the planet. That's ridiculous.
That is green spin, green extractivism, coming out of the mining industry.” Environment activist
This fascinating film reveals the tensions, and the big decisions Australia will have to make to enable the production of these vital minerals without inflicting further harm on our increasingly fragile environment.
“It's a confounding issue for the environmental movement. There's absolutely no doubt that we have to move to mining of critical minerals, if we are going to address the climate crisis... At the same time, we need to be absolutely sure that we are not repeating the mistakes of the past.”
Digging In, reported by Angus Grigg, goes to air on Monday 9th May at 8.30pm. It is replayed on Tuesday 10th May at 11.00pm and Wednesday 11th at 10am. It can also be seen on ABC NEWS channel on Saturday at 8.10pm AEST, ABC iview and at abc.net.au/4corners.
Digging In: Why powering a green future means more mines
Four Corners is the home of Australian investigative journalism.www.abc.net.au
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All Roads lead to AVZ & Manono imo
Food for thought 4 Corners
Frank
Was well done I thought
I've already started having a look at Cobalt Blue (COB)
Nothing better to do while AVZ is in a TH and at the epicentre of a shit storm of epic proportions
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