Corruption
- Thread starter MoneyBags1348
- Start date
MoneyBags1348
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RDC/Malgré les manœuvres dilatoires,Madame Chantal Bashizi prendra les commandes du Cadastre minier le 2 juillet 2021
Dans une notification datée du 27 mai 2021, la ministre des Mines, Antoinette N’Samba Kalambayi, a remis le pendule à l’heure au Cadastre Minier-CAMI. Elle a, en effet, invité le Directeur général …
sphynxrdc.com
Samus
Top 20
PDF
ASSESSMENT OF CORRUPTION RISKS IN THE AWARDING OF MINING RIGHTS IN THE DRC
ASSESSMENT OF CORRUPTION RISKS IN THE AWARDING OF MINING RIGHTS IN THE DRC
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MoneyBags1348
Top 20
Thanks @Bin59 for this link on Congo money laundering
www.reuters.com
www.africaintelligence.com
www.mining.com
Financial crime watchdog adds Congo to money laundering watch list
The Financial Action Task Force plans to put Democratic Republic of Congo on a list of countries subject to increased monitoring, the country's Communications Minister Patrick Muyaya said on Saturday.
DRC/UNITED STATES : US disillusioned over failure to turn DR Congo away from Beijing - 05/09/2022 - Africa Intelligence
Ever since Félix Tshisekedi took power, Washington had hoped he would curb China's huge influence in the country. Four years later, the United States is bitterly disappointed that it has failed to - 9/5/2022
Investigation sounds alarm on risks in Congo’s nascent lithium sector
A report by Global Witness states that concessions on and around DRC’s lithium deposits are or were held by or involved people with close business relationships with former President Joseph Kabila.
www.mining.com
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MoneyBags1348
Top 20
Here’s another link where Felix was supposedly ordering an audit on mining licenses in the DRC, but after supporting this M F all this time, I’m going include this M F in the corruption thread…. fucking M F
www.aljazeera.com
DR Congo President Felix Tshisekedi orders mining licences audit
Congolese leader says measure is aimed at combatting fraud within the lucrative sector.
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MoneyBags1348
Top 20
My latest edition to the corruption thread…. The man with the shrunken head and the Chinese Bag Lady
www.fmprc.gov.cn
This M F has had plenty of time to prove he doesn’t belong here
Notice how the man with the shrunken head is happy to be meeting the Chinese Bag Lady (above)….. but is the complete opposite when photographed during AVZ receiving the MINISTERIAL DECREE FOR THE ML (below)
smallcaps.com.au
exclusifrdc.com
www.theafricareport.com
Excerpt:
By presidential decree, the PSWC “has been placed under the direct authority of the president of the republic, from whom it receives orientations, directives and instructions and to whom it reports on its mission.” This status places it at the same level as the prime minister’s office, thus allowing it to summon government members and demand activity reports from them.
Question:
Could the PSWC request an “activity report” from the DG of CAMI / Kayinda re the Manono Project status, which then could be tabled at the Council of Ministers exerting pressure for a resolution to the stalemate - which happens in an open and transparent way.
系统维护_中华人民共和国外交部
This M F has had plenty of time to prove he doesn’t belong here
Notice how the man with the shrunken head is happy to be meeting the Chinese Bag Lady (above)….. but is the complete opposite when photographed during AVZ receiving the MINISTERIAL DECREE FOR THE ML (below)
AVZ Minerals receives ministerial decree for Manono project ahead of mining licence
AVZ Minerals (ASX: AVZ) has been issued with a ministerial decree by the Democratic Republic of Congo for the Manono lithium and tin project. The decree
Épreuve de force entre Sama Lukonde et Jules Alingete au sujet d’une facture à payer par l’ex Onatra
Un bras de fer oppose depuis peu le Premier Ministre Sama Lukonde et l'inspecteur général des finances (IGF) Jules Alingete. Selon des indiscrétions, la raison à la base de cette brouille est un p
exclusifrdc.com
DRC: Does prime minister Sama Lukonde have any real power? - The Africa Report.com
‘In practice, Sama Lukonde is, despite constitutional requirements, an auxiliary of the head of state.’
www.theafricareport.com
Excerpt:
François Muamba, the real prime minister?
The prime minister’s power has also been reduced by the Presidential Strategic Watch Council (PSWC), a veritable monitoring body that was created when Tshisekedi and Kabila had their power-sharing deal. Its mission is to monitor the president of the republic’s commitments and ensure that the government implements them. It is headed by François Muamba, who is one of the head of state’s most influential advisors, and now occupies an unprecedented position within national institutions.By presidential decree, the PSWC “has been placed under the direct authority of the president of the republic, from whom it receives orientations, directives and instructions and to whom it reports on its mission.” This status places it at the same level as the prime minister’s office, thus allowing it to summon government members and demand activity reports from them.
Question:
Could the PSWC request an “activity report” from the DG of CAMI / Kayinda re the Manono Project status, which then could be tabled at the Council of Ministers exerting pressure for a resolution to the stalemate - which happens in an open and transparent way.
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MoneyBags1348
Top 20
I don’t know how these Boatman reports hasn’t been on this thread until now
I’ve added a couple more links here on what slime-bag boatman has been up to on twitter care of the information provided by @cruiser51
I’ve added a couple more links here on what slime-bag boatman has been up to on twitter care of the information provided by @cruiser51
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MoneyBags1348
Top 20
Time to look at Julien Paluku, the DRC Minister of Industry
chinaglobalsouth.com
DRC Industry Minister Meets With Two Key Chinese Players in the EV Battery Business
A meeting last week between a pair of senior Chinese executives and the DR Congo's Industry Minister, Julien Paluku, hints that the government is moving to expand domestic processing of raw materials used to manufacture electric vehicle batteries. Paluku met on Friday with Sun Ruiwen, CEO of...
chinaglobalsouth.com
MoneyBags1348
Top 20
20/10/2022
Lithium Manono: Analysis of IGF reports and COMINERE accusations. Does the IGF agree with AVZ, the silence of the Congolese government?
"In the sale of the 15%, there was a significant shortfall for the Treasury valued at $11,5060,000"
NEWSECONOMY
Kiki Kienge
By Kiki Kienge
If we come back to its two files of the accusations of the COMINIERE a Mining and Commercial Exploitation Company under Congolese law to Australo-Americans of the AVZ Minerals, in particular on the report of the IGF (General Inspectorate of Finance), it is simply since the beginning of work for the exploitation of lithium is blocked by the non-delivery of the operating permit to the A
This is following the report of the General Inspectorate of Finance on COMINIERE S. That the lawyer of the Congolese mining company, Me Popol Muamba Mukengeshayi reacted on Saturday, July 30 of this year during a press conference held in Kinshasa in the municipality of Gombe.
Accusations by COMINIERE S.A to AVZ Minerals
According to Me Popol Muamba Mukengeshayi on the feasibility study carried out by AVZ Minerals; "According to Article 8.3 of the joint venture contract, the feasibility study must be communicated to the COMINIERE for opinion within a period not exceeding 15 months from the date of commencement of its development. This has not been done. It is only upon request that we will be sent a feasibility study in English, contrary to our conventions. We can believe that our partner is in bad faith.
We have never been informed of the amount of investment committed by AVZ in DATHCOM MINING SA for the realization of the research work. All expenses incurred during operations were made in total opacity. The COMINIERE learned through the media that amounts of the order of 30 to 70 million have been used. It is obvious that no exploration project has so far been able to exceed such amounts."
Me Popol Muamba Mukengeshayi talks about a lie about the sale of 5% of the shares of COMINIERE in DATHCOM to MMS, he accuses AVZ Minerals of having integrated into the feasibility study the Mpiana Mwanga plant which is 100% of the COMINIERE. Of the US$6,800,000 received from AVZ Minerals and already spent by the COMINIERE, for the lawyer this is a non-refundable signature bonus as provided for in the provisions of the joint venture contract.
Me Popol Muamba Mukengeshayi denounces the management without the consultation of the other DATHCOM partners, he talks in particular about the regularity on the sale of 15% of the shares of the COMINIERE to the Chinese of the company JIN CHEN.
Mr. Popol Mutamba concluded his accusations against AVZ Minerals as follows;
"In trying to move the signature bonus by step by doorstep, by undermining DATHCOM's social governance, by intervening to prevent the COMINIERE from regularly ceding some of its actions to partners justifying real financial and technical capabilities, by showing opacity in the development of the feasibility study and by trying to transfer more shares than it holds, AVZ ceases to Report of the IGF (General Inspectorate of Finance)
This report was signed by Muhiya Lumbu Nicolas, Inspector General of Finance Head of Revenue and Tax Services Brigade and Jules Alingete Key, Inspector General of Finance and Head of Service. Here are some passages.
On the "regularity" alleged by Me Popol Muamba Mukengeshayi of the sale of the 15% of the COMINIERE in DATHCOM Mining to ZIJIN Mining, the IGF had proven the opposite:
"The control team maintains the observation, because the Director General has indeed contented himself with ceting the mining rights without first valuing them. Aware that the partnerships initiated do not really benefit the State-owner, the Director General has been embarrassed to spread the meagre results he has obtained. He was therefore unable to prove the opposite."
Recall that we are witnessing to this day a total silence on the part of the government on the IGF report. Is it a Congolese government's position in favor of the Chinese of ZIJIN Mining Ldt and against AVZ Minerals or the opposite?
kongopress.com
Lithium Manono: Analysis of IGF reports and COMINERE accusations. Does the IGF agree with AVZ, the silence of the Congolese government?
"In the sale of the 15%, there was a significant shortfall for the Treasury valued at $11,5060,000"
NEWSECONOMY
Lithium Manono: Analysis of IGF reports and COMINERE accusations. Does the IGF agree with AVZ, the silence of the Congolese government?
October 20, 2022Kiki Kienge
By Kiki Kienge
If we come back to its two files of the accusations of the COMINIERE a Mining and Commercial Exploitation Company under Congolese law to Australo-Americans of the AVZ Minerals, in particular on the report of the IGF (General Inspectorate of Finance), it is simply since the beginning of work for the exploitation of lithium is blocked by the non-delivery of the operating permit to the A
This is following the report of the General Inspectorate of Finance on COMINIERE S. That the lawyer of the Congolese mining company, Me Popol Muamba Mukengeshayi reacted on Saturday, July 30 of this year during a press conference held in Kinshasa in the municipality of Gombe.
Accusations by COMINIERE S.A to AVZ Minerals
According to Me Popol Muamba Mukengeshayi on the feasibility study carried out by AVZ Minerals; "According to Article 8.3 of the joint venture contract, the feasibility study must be communicated to the COMINIERE for opinion within a period not exceeding 15 months from the date of commencement of its development. This has not been done. It is only upon request that we will be sent a feasibility study in English, contrary to our conventions. We can believe that our partner is in bad faith.
We have never been informed of the amount of investment committed by AVZ in DATHCOM MINING SA for the realization of the research work. All expenses incurred during operations were made in total opacity. The COMINIERE learned through the media that amounts of the order of 30 to 70 million have been used. It is obvious that no exploration project has so far been able to exceed such amounts."
Me Popol Muamba Mukengeshayi talks about a lie about the sale of 5% of the shares of COMINIERE in DATHCOM to MMS, he accuses AVZ Minerals of having integrated into the feasibility study the Mpiana Mwanga plant which is 100% of the COMINIERE. Of the US$6,800,000 received from AVZ Minerals and already spent by the COMINIERE, for the lawyer this is a non-refundable signature bonus as provided for in the provisions of the joint venture contract.
Me Popol Muamba Mukengeshayi denounces the management without the consultation of the other DATHCOM partners, he talks in particular about the regularity on the sale of 15% of the shares of the COMINIERE to the Chinese of the company JIN CHEN.
Mr. Popol Mutamba concluded his accusations against AVZ Minerals as follows;
"In trying to move the signature bonus by step by doorstep, by undermining DATHCOM's social governance, by intervening to prevent the COMINIERE from regularly ceding some of its actions to partners justifying real financial and technical capabilities, by showing opacity in the development of the feasibility study and by trying to transfer more shares than it holds, AVZ ceases to Report of the IGF (General Inspectorate of Finance)
This report was signed by Muhiya Lumbu Nicolas, Inspector General of Finance Head of Revenue and Tax Services Brigade and Jules Alingete Key, Inspector General of Finance and Head of Service. Here are some passages.
On the "regularity" alleged by Me Popol Muamba Mukengeshayi of the sale of the 15% of the COMINIERE in DATHCOM Mining to ZIJIN Mining, the IGF had proven the opposite:
- The sale of the 15% of COMINIERE's shares in DATHCOM Mining to ZIJIN Mining was made in violation of the legal provisions on the disengagement of the Company of the Portfolio by the State and caused, in view of the assessments made in the feasibility study, a significant shortfall for the Treasury estimated at $11,560,000. It was a real sale of the mining heritage of the state for which you assume responsibility.
- Of the total amount of the transfer product of the 15% of the shares, which amounts to US$34,440,000, you have already used about US$6,800,000 for operating needs to the detriment of productive investments including USD 5,438,198 for commissions, snacks, fees, exceptional remuneration of all those who would have contributed to the operation.
- The presumed gracious and provisional transfer of 5% of the COMINIERE's shares in DATHCOM Mining to DATHOMIR Mining Sarl, but as regards the transfer contract, was final and irrevocable without the proceeds from the transfer being traced to the COMINIERE.
"The control team maintains the observation, because the Director General has indeed contented himself with ceting the mining rights without first valuing them. Aware that the partnerships initiated do not really benefit the State-owner, the Director General has been embarrassed to spread the meagre results he has obtained. He was therefore unable to prove the opposite."
Recall that we are witnessing to this day a total silence on the part of the government on the IGF report. Is it a Congolese government's position in favor of the Chinese of ZIJIN Mining Ldt and against AVZ Minerals or the opposite?
Accusations de la COMINERE, le rapport de l'IGF donne-t-il raison à AVZ, quid du mutisme du Gouvernement Congolais ? - Kongo Presse
Sur les 33.440.000 $US, vous avez déjà utilisé environ 6.800.000 $US pour des besoins de fonctionnement au détriment des investissements productifs dont USD 5.438.198 $US pour des commissions, collations, honoraires, rémunérations exceptionnelles
kongopress.com
DRC: Who’s who in the new ministerial crew
More than three-quarters of the Democratic Republic of Congo’s new ministers are in cabinet for the very first time. Each new appointment has been fiercely debated.
www.theafricareport.com
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MoneyBags1348
Top 20
Next up Tom Richardson from the Financial Review (Thanks to @Doc for posting on the discussion thread)
Suspended lithium play AVZ Minerals has conceded a Congo court ordered its payments to acquire an additional 15 per cent stake in the Manono Project be suspended, after it was questioned about the September 20 court ruling by The Australian Financial Review.
The ruling suggests AVZ and Congo’s Dathomir face more arbitration over the deal’s validity and sale price, while extending a list of disputes AVZ faces over its ownership rights to the Manono hard rock lithium deposit in the Congo.
AVZ Minerals CEO Nigel Ferguson is disputing claims that a Chinese company owns 15 per cent of AVZ’s lithium project in the Democratic Republic of the Congo. David Rowe
On Thursday last week, AVZ told the market only a properly constituted arbitration tribunal has jurisdiction to overturn an acquisition it says it executed with Dathomir in August 2021 for $US21 million.
The Perth-headquartered explorer rode the lithium boom and excitement over claims Manono is the world’s largest lithium deposit to reach a $2.7 billion sharemarket valuation last May, before shares were suspended over its mining licence’s approval by the Congo government.
Despite the ruling suspending AVZ’s payments for the 15 per cent stake, AVZ said it still had legal title to 75 per cent ownership of Manono.
In September 2021, AVZ announced a separate agreement with Chinese investor Suzhou CATH Energy Technologies to sell a 24 per cent equity interest in Manono for $US240 million, which by proxy valued the project at $US1 billion.
This compares to the $US21 million AVZ said it paid Dathomir for a 15 per cent stake just a month before in August 2021 in a transaction the Congolese mining group has now had a court rule as suspended.
On May 10, AVZ told investors its future Manono stake would fall from 75 per cent to 51 per cent after the deal to sell a 24 per cent stake to CATH completed, with the right to negotiate to buy another 15 per cent from Congo government’s Cominiere potentially taking its stake back to a final 66 per cent.
However, in May 2022 another Chinese mining group named Zijin Mining announced it had signed a separate legal deal with the Congo government’s Cominiere to acquire a 15 per cent stake in the Manono Project for $US33.4 million.
Fortune-500 company Zijin said the deal was struck in September 2021 and the Commercial Court of Lubumbashi rejected AVZ’s attempt to have the deal thrown out in November 2021 and January 2022.
AVZ didn’t disclose the Zijin legal dispute or court rulings to the market until May 4, 2022, as shares raced to $1.30 in April 2022 on a $4.5 billion valuation. Its stock was suspended on May 9.
In May, Zijin also applied to the International Court of Arbitration (ICC) to force AVZ to recognise its claim to 15 per cent in the Manono project.
“Zijin Mining confidently looks forward to the ICC hearing in April 2023 and expects AVZ’s abuse of Zijin Mining’s 15 per cent stake in the Manono project as alleged will be addressed,” Zijin’s in-house legal counsel Sun Kuiyuan said on Thursday. “Zijin Mining is disappointed with AVZ’s lack of cooperation with the minority shareholders of the Manono project.
“Zijin is surprised that AVZ has not supported its participation in the Manono project, which brings substantial capital and expertise to the benefit of all stakeholders and the DRC.”
Zijin refused to comment further. It previously said the separate sale between Dathomir and AVZ had been legally terminated to mean AVZ only had legal ownership of 60 per cent of the project, with Zijin at 15 per cent, Dathomir at 15 per cent, and the Congo government under Cominiere at 10 per cent.
It also said if AVZ proceeded with the 24 per cent sale to CATH Technologies its stake would drop from 60 per cent to 36 per cent to mean AVZ “will no longer have an absolute controlling interest” in Manono.
AVZ refused to comment on questions around the September 20 court ruling and a separate December 2021 court document related to the Dathomir deal.
Company secretary Ben Cohen said AVZ would only respond further with its lawyers present due to unspecified allegations on social media that Financial Review reporter Tom Richardson is connected with a short selling group named Boatman Capital, which chose to publish mistruths.
London-based short side research firm Boatman Capital has followed Zijin in claiming AVZ’s stake will fall from 60 per cent to 36 per cent if the deal to sell to CATH goes ahead, which theoretically means AVZ would own less of the project than Chinese interests.
On September 9, AVZ issued a statement attacking Boatman for publishing alleged mistruths around the Congo courtroom barneys and reiterated its position that it still owns 75 per cent of Manono.
In response, Boatman instructed lawyers Grosvenor Law to demand both the ASX and ASIC investigate AVZ for allegedly misleading the market and failing to follow its disclosure obligations.
Boatman has also submitted court documents and made unreported allegations to Australia’s regulators it said supported its statements.
Tom Richardson writes and comments on markets including tech, crypto, software, small caps, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as an IMC graduate.
Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
Doc
Suspended lithium play AVZ Minerals has conceded a Congo court ordered its payments to acquire an additional 15 per cent stake in the Manono Project be suspended, after it was questioned about the September 20 court ruling by The Australian Financial Review.
The ruling suggests AVZ and Congo’s Dathomir face more arbitration over the deal’s validity and sale price, while extending a list of disputes AVZ faces over its ownership rights to the Manono hard rock lithium deposit in the Congo.
AVZ Minerals CEO Nigel Ferguson is disputing claims that a Chinese company owns 15 per cent of AVZ’s lithium project in the Democratic Republic of the Congo. David Rowe
On Thursday last week, AVZ told the market only a properly constituted arbitration tribunal has jurisdiction to overturn an acquisition it says it executed with Dathomir in August 2021 for $US21 million.
The Perth-headquartered explorer rode the lithium boom and excitement over claims Manono is the world’s largest lithium deposit to reach a $2.7 billion sharemarket valuation last May, before shares were suspended over its mining licence’s approval by the Congo government.
Despite the ruling suspending AVZ’s payments for the 15 per cent stake, AVZ said it still had legal title to 75 per cent ownership of Manono.
In September 2021, AVZ announced a separate agreement with Chinese investor Suzhou CATH Energy Technologies to sell a 24 per cent equity interest in Manono for $US240 million, which by proxy valued the project at $US1 billion.
This compares to the $US21 million AVZ said it paid Dathomir for a 15 per cent stake just a month before in August 2021 in a transaction the Congolese mining group has now had a court rule as suspended.
On May 10, AVZ told investors its future Manono stake would fall from 75 per cent to 51 per cent after the deal to sell a 24 per cent stake to CATH completed, with the right to negotiate to buy another 15 per cent from Congo government’s Cominiere potentially taking its stake back to a final 66 per cent.
However, in May 2022 another Chinese mining group named Zijin Mining announced it had signed a separate legal deal with the Congo government’s Cominiere to acquire a 15 per cent stake in the Manono Project for $US33.4 million.
Fortune-500 company Zijin said the deal was struck in September 2021 and the Commercial Court of Lubumbashi rejected AVZ’s attempt to have the deal thrown out in November 2021 and January 2022.
AVZ didn’t disclose the Zijin legal dispute or court rulings to the market until May 4, 2022, as shares raced to $1.30 in April 2022 on a $4.5 billion valuation. Its stock was suspended on May 9.
In May, Zijin also applied to the International Court of Arbitration (ICC) to force AVZ to recognise its claim to 15 per cent in the Manono project.
“Zijin Mining confidently looks forward to the ICC hearing in April 2023 and expects AVZ’s abuse of Zijin Mining’s 15 per cent stake in the Manono project as alleged will be addressed,” Zijin’s in-house legal counsel Sun Kuiyuan said on Thursday. “Zijin Mining is disappointed with AVZ’s lack of cooperation with the minority shareholders of the Manono project.
“Zijin is surprised that AVZ has not supported its participation in the Manono project, which brings substantial capital and expertise to the benefit of all stakeholders and the DRC.”
Zijin refused to comment further. It previously said the separate sale between Dathomir and AVZ had been legally terminated to mean AVZ only had legal ownership of 60 per cent of the project, with Zijin at 15 per cent, Dathomir at 15 per cent, and the Congo government under Cominiere at 10 per cent.
It also said if AVZ proceeded with the 24 per cent sale to CATH Technologies its stake would drop from 60 per cent to 36 per cent to mean AVZ “will no longer have an absolute controlling interest” in Manono.
AVZ refused to comment on questions around the September 20 court ruling and a separate December 2021 court document related to the Dathomir deal.
Company secretary Ben Cohen said AVZ would only respond further with its lawyers present due to unspecified allegations on social media that Financial Review reporter Tom Richardson is connected with a short selling group named Boatman Capital, which chose to publish mistruths.
London-based short side research firm Boatman Capital has followed Zijin in claiming AVZ’s stake will fall from 60 per cent to 36 per cent if the deal to sell to CATH goes ahead, which theoretically means AVZ would own less of the project than Chinese interests.
On September 9, AVZ issued a statement attacking Boatman for publishing alleged mistruths around the Congo courtroom barneys and reiterated its position that it still owns 75 per cent of Manono.
In response, Boatman instructed lawyers Grosvenor Law to demand both the ASX and ASIC investigate AVZ for allegedly misleading the market and failing to follow its disclosure obligations.
Boatman has also submitted court documents and made unreported allegations to Australia’s regulators it said supported its statements.
Tom Richardson writes and comments on markets including tech, crypto, software, small caps, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as an IMC graduate.
Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
MoneyBags1348
Top 20
Thanks @solo hope you don’t mind me putting this on the Corruption thread, it helps me keep track of valuable information if I can put it here…. And it’s right where it needs to be around other stuff on sus Tom, Boatman and Cong
Don't you find it's strange that while many local reporters were following Dathomir/AVZ tribunal case, no one was aware of its decision dated 20 September 2022?
We've learnt about this case number (RPA7610 à l cour d'appel d Lushi ds l Haut-Katanga) on 31st August from Kayala Flore tweet. According to her Simon Cong was asking for $50 mil. Last time I spoke to her on WhatsApp on 25th September she confirmed there was no verdict yet. During this time I was also in touch with another reporter who was chasing court ruling and got nothing as well. And then one month later out of the blue...
I have couple of thoughts about this - both negative and positive ones but most realistic one seems to me that DRC Government and AVZ achieved some kind of principal agreement already and Kinshasa ordered to bury this verdict under the tree where this court sits (see below). It seems only very limited number of people knew about it until someone leaked it to Boatman and to cocksucker afr journo (probably Cong).
I'm convinced to think that this problem with Simon Cong will be solved with help of the government. Same relates to ICC case with Zijin. Time works against DRC now. All around the world they are talking non-stop about the leading role of the country in a world's green transition, they already presented new site for a battery plant and they are not that dumb (I hope so) not to understand that they will need an operating lithium mine soon to fulfil all their wet fantasies. If that TV show with Zijin and MoP some time ago was not a fake one then I'm pretty sure DRC will ask Zijin to step away and drop ICC case.
No one can take mine from AVZ. All they can do is to try to starve us out (and in my opinion this is what they were trying to do since May) and make us leave selling asset for peanuts. But it didn't work out and it seems they finally realized that. I know that end of September and October was very busy for Nigel in DRC. I still believe something big is brewing over there and I hope this time DRC government is serious about making things done.
solo
Don't you find it's strange that while many local reporters were following Dathomir/AVZ tribunal case, no one was aware of its decision dated 20 September 2022?
We've learnt about this case number (RPA7610 à l cour d'appel d Lushi ds l Haut-Katanga) on 31st August from Kayala Flore tweet. According to her Simon Cong was asking for $50 mil. Last time I spoke to her on WhatsApp on 25th September she confirmed there was no verdict yet. During this time I was also in touch with another reporter who was chasing court ruling and got nothing as well. And then one month later out of the blue...
I have couple of thoughts about this - both negative and positive ones but most realistic one seems to me that DRC Government and AVZ achieved some kind of principal agreement already and Kinshasa ordered to bury this verdict under the tree where this court sits (see below). It seems only very limited number of people knew about it until someone leaked it to Boatman and to cocksucker afr journo (probably Cong).
I'm convinced to think that this problem with Simon Cong will be solved with help of the government. Same relates to ICC case with Zijin. Time works against DRC now. All around the world they are talking non-stop about the leading role of the country in a world's green transition, they already presented new site for a battery plant and they are not that dumb (I hope so) not to understand that they will need an operating lithium mine soon to fulfil all their wet fantasies. If that TV show with Zijin and MoP some time ago was not a fake one then I'm pretty sure DRC will ask Zijin to step away and drop ICC case.
No one can take mine from AVZ. All they can do is to try to starve us out (and in my opinion this is what they were trying to do since May) and make us leave selling asset for peanuts. But it didn't work out and it seems they finally realized that. I know that end of September and October was very busy for Nigel in DRC. I still believe something big is brewing over there and I hope this time DRC government is serious about making things done.
MoneyBags1348
Top 20
@JAG Thank you so much for giving me this information to post on this Corruption thread…. Invaluable
kongopress.com
NEWSECONOMYINTERNATIONAL
Kiki Kienge
Did AVZ Minerals accept the court's sentence that would deprive it of 15% of the shares in Manono's lithium project?
It is in an article published on October 24, 2022 on the Financial Review that journalist Tom Richardson accuses the Australian multinational, AVZ Minerals of having acknowledged the sentence of the Court of the Democratic Republic of Congo on September 20, before the International Court of Arbitration on the sale price of 15% in the Manono project with Dathomir of Chinese citizen Cong Mao Huai known as SimonCon
The article notes accusations that AVZ Minerals speculating on the lithium boom on the stock exchange, stating that the Manono project was the world's largest lithium deposit of this ore, to reach a value of $4.5 billion.
Tom Richardson writes in particular, indicating to the London research company Boatman Capitale this:
"In response, Boatman asked Grosvenor Law lawyers to ask ASX and ASIC to investigate AVZ for allegedly misleading the market and failing to comply with its disclosure obligations. ”
Recall that Dathomir had signed a 15% sale agreement with AVZ Minerals for an amount of US$21 million. But Cong Mao Huai said SomonCong reportedly retracted after seeing the increase in the value of the Manono project following the publication of the final feasibility study by AVZ Minerals.
According to journalist Tom Richardson, the recognition of AVZ Minerals' sentence that would cancel the sale of 15% of Dathomir, would bring the distribution of shares in the Manono project to this:
Sun Kuiyuan, internal legal advisor to the Chinese group Zijin Mining, said that Zijin Mining is waiting for the 15% participation of Zijin Mining in the Manono project to be discussed in the ICC hearing in April 2023, so that the abuse of Avz Minerals is sanctioned.
Recently, unless journalist Tom Richardson and Boatman Capital do not know it, in a meeting with the Minister of the portfolio, Adèle Kahinda Mahina in Kinshasa in the Democratic Republic of Congo, representatives of the Chinese ZIJIN Mining group proposed to return the 15% to the Congolese State and not to claim the price attached to it, asking to conclude a new partnership in the thermal baths to This following the report of the IGF (General Inspectorate of Finance), which would in fact cancel the purchase of 15 of ZIJING from COMINIERE, agreeing with AVZ Minerals, which would keep the 75% in the Manono project.
Des accusations du journaliste Tom Richardson et de la Boatman à AVZ Minerals sur le projet lithium de Manono ? - Kongo Presse
Par Kiki Kienge AVZ Minerals a-t-il accepté la sentence du tribunal qui le priverait de 15% des parts dans le projet lithium de Manono ? C’est dans un article publié…
kongopress.com
NEWSECONOMYINTERNATIONAL
Accusations by journalist Tom Richardson and the Boatman at AVZ Minerals about Manono's lithium project?
October 24, 2022Kiki Kienge
Did AVZ Minerals accept the court's sentence that would deprive it of 15% of the shares in Manono's lithium project?
It is in an article published on October 24, 2022 on the Financial Review that journalist Tom Richardson accuses the Australian multinational, AVZ Minerals of having acknowledged the sentence of the Court of the Democratic Republic of Congo on September 20, before the International Court of Arbitration on the sale price of 15% in the Manono project with Dathomir of Chinese citizen Cong Mao Huai known as SimonCon
The article notes accusations that AVZ Minerals speculating on the lithium boom on the stock exchange, stating that the Manono project was the world's largest lithium deposit of this ore, to reach a value of $4.5 billion.
Tom Richardson writes in particular, indicating to the London research company Boatman Capitale this:
"In response, Boatman asked Grosvenor Law lawyers to ask ASX and ASIC to investigate AVZ for allegedly misleading the market and failing to comply with its disclosure obligations. ”
Recall that Dathomir had signed a 15% sale agreement with AVZ Minerals for an amount of US$21 million. But Cong Mao Huai said SomonCong reportedly retracted after seeing the increase in the value of the Manono project following the publication of the final feasibility study by AVZ Minerals.
According to journalist Tom Richardson, the recognition of AVZ Minerals' sentence that would cancel the sale of 15% of Dathomir, would bring the distribution of shares in the Manono project to this:
- AVZ Minerals with 60%
- The Chinese group Zijin with 15%.
- Dathom with 15%.
- The COMINIERE of the Congolese government with 10%.
Sun Kuiyuan, internal legal advisor to the Chinese group Zijin Mining, said that Zijin Mining is waiting for the 15% participation of Zijin Mining in the Manono project to be discussed in the ICC hearing in April 2023, so that the abuse of Avz Minerals is sanctioned.
Recently, unless journalist Tom Richardson and Boatman Capital do not know it, in a meeting with the Minister of the portfolio, Adèle Kahinda Mahina in Kinshasa in the Democratic Republic of Congo, representatives of the Chinese ZIJIN Mining group proposed to return the 15% to the Congolese State and not to claim the price attached to it, asking to conclude a new partnership in the thermal baths to This following the report of the IGF (General Inspectorate of Finance), which would in fact cancel the purchase of 15 of ZIJING from COMINIERE, agreeing with AVZ Minerals, which would keep the 75% in the Manono project.
MoneyBags1348
Top 20
Once again, thank you @JAG
Jens Emil Soderlund https://twitter.com/emil_jens?ref_s...avz-minerals-sur-le-projet-lithium-de-manono/
21 oct.
@emil_jens
·
Suivre
En réponse à @joe_mbaya et @IgfRdc
BEST NEWS TODAY for $AVZ
- expose them all Cominiere team and associated Minister
- in Kinshasa - and also IMO then takes care of corrupt Zijin, as in final null and void (even though they retracted their claim in public
$AVZ And here is the vid of #Zijin retracting their claim in front of MOP and proposing something in return A lot of guilty people sitting around this table IMO
Jens Emil Soderlund https://twitter.com/emil_jens?ref_s...avz-minerals-sur-le-projet-lithium-de-manono/
21 oct.
@emil_jens
·
Suivre
En réponse à @joe_mbaya et @IgfRdc
BEST NEWS TODAY for $AVZ
- expose them all Cominiere team and associated Minister
- in Kinshasa - and also IMO then takes care of corrupt Zijin, as in final null and void (even though they retracted their claim in public
$AVZ And here is the vid of #Zijin retracting their claim in front of MOP and proposing something in return A lot of guilty people sitting around this table IMO
MoneyBags1348
Top 20
Thanks for this information @JAG
DRC: UC SAS denounces a mining fraud of more than USD 10 million estimated at 60 tons of Coltan and Cassiterite, perpetrated in Manono and Malemba-Nkulu
Tuesday 25 October 2022 - 14:07
Economy
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Mineral bags. Ph. NEWS. CD
A mining fraud of more than 60 tons of coltan and cassiterite, valued at more than USD 10 million, is allegedly perpetrated in the territories of Manono and Malemba-Nkulu, in the provinces of Haut Lomami and Tanganyika. This is what United Cominiere SAS denounces in its press release published on Tuesday, October 22, 2022.
This company accuses a certain Hadley Nathus and a Canadian subject named Eric Allard (chairman and CEO of the company TANTALEX) who, acting in complicity with the leaders of COMINIERE, would be in collusion with some authorities of the country, to cover up this large-scale mining fraud. UC SAS alerts the authorities to monitor this situation.
In addition, this company accuses by name the Ministry of Justice of having taken a decision contrary to the rule of law by instructing the Single Window for Business Creation (GUCE), through its letter number 2160/LW10130/APP/CAB/ME/MIN/J&GS/2022 of September 20, 2022, technical service under its supervision, to cancel a legal transfer of shares for the benefit of a Canadian subject "yet condemned on Congolese soil by judgments that have become final".
The company UC SAS notes that the instruction of the Ministry of Justice given to the GUCE "violates the laws of the country and proceeds from an abuse of power, insofar as it operates on the judgments that have become final about this assignment: RP19203, RCE 7495, RPO 10247/10267, as well as a pre-law under RAC 2942".
In addition, it deplores the "sabotage" of the efforts made by the President of the Republic Felix Tshisekedi, to establish good governance in the DRC, marked by, among other things, respect for the principle of separation of powers and the improvement of the business climate.
"The DRC must avoid being influenced by crooked individuals, so-called investors, while recognized speculators, at the risk of tarnishing the image of the entire country, and particularly the Sama Lukonde government...", deplores the UC SAS in its statement.
Jordan MAYENIKINI
DRC: UC SAS denounces a mining fraud of more than USD 10 million estimated at 60 tons of Coltan and Cassiterite, perpetrated in Manono and Malemba-Nkulu
Tuesday 25 October 2022 - 14:07
Economy
FacebookTwitterLinkedInEmailMessengerWhatsAppShare
Mineral bags. Ph. NEWS. CD
A mining fraud of more than 60 tons of coltan and cassiterite, valued at more than USD 10 million, is allegedly perpetrated in the territories of Manono and Malemba-Nkulu, in the provinces of Haut Lomami and Tanganyika. This is what United Cominiere SAS denounces in its press release published on Tuesday, October 22, 2022.
This company accuses a certain Hadley Nathus and a Canadian subject named Eric Allard (chairman and CEO of the company TANTALEX) who, acting in complicity with the leaders of COMINIERE, would be in collusion with some authorities of the country, to cover up this large-scale mining fraud. UC SAS alerts the authorities to monitor this situation.
In addition, this company accuses by name the Ministry of Justice of having taken a decision contrary to the rule of law by instructing the Single Window for Business Creation (GUCE), through its letter number 2160/LW10130/APP/CAB/ME/MIN/J&GS/2022 of September 20, 2022, technical service under its supervision, to cancel a legal transfer of shares for the benefit of a Canadian subject "yet condemned on Congolese soil by judgments that have become final".
The company UC SAS notes that the instruction of the Ministry of Justice given to the GUCE "violates the laws of the country and proceeds from an abuse of power, insofar as it operates on the judgments that have become final about this assignment: RP19203, RCE 7495, RPO 10247/10267, as well as a pre-law under RAC 2942".
In addition, it deplores the "sabotage" of the efforts made by the President of the Republic Felix Tshisekedi, to establish good governance in the DRC, marked by, among other things, respect for the principle of separation of powers and the improvement of the business climate.
"The DRC must avoid being influenced by crooked individuals, so-called investors, while recognized speculators, at the risk of tarnishing the image of the entire country, and particularly the Sama Lukonde government...", deplores the UC SAS in its statement.
Jordan MAYENIKINI
MoneyBags1348
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Ministry of Justice (Democratic Republic of the Congo) - Wikipedia
MoneyBags1348
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Democratic Republic of the Congo
MoneyBags1348
Top 20
This link refers to the ex prime minister of the DRC and his relationship with the Justice Minister
clubofmozambique.com
DRC PM lashes out at 'arbitrary' detention of justice minister
As fractions within the gov't widen, the PM calls for disciplinary action against magistrate responsible for the arrest. The prime minister of the Democratic Republic of the Congo, Sylvestre Ilunga, has threatened to resign after President Felix Tshisekedi ordered the arrest of the minister of ju
clubofmozambique.com
Xerof
Biding my Time 1971
Eric, the slippery eel, was found guilty of this fraud last year, I thoughtThanks for this information @JAG
DRC: UC SAS denounces a mining fraud of more than USD 10 million estimated at 60 tons of Coltan and Cassiterite, perpetrated in Manono and Malemba-Nkulu
Tuesday 25 October 2022 - 14:07
Economy
FacebookTwitterLinkedInEmailMessengerWhatsAppShare
Mineral bags. Ph. NEWS. CD
A mining fraud of more than 60 tons of coltan and cassiterite, valued at more than USD 10 million, is allegedly perpetrated in the territories of Manono and Malemba-Nkulu, in the provinces of Haut Lomami and Tanganyika. This is what United Cominiere SAS denounces in its press release published on Tuesday, October 22, 2022.
This company accuses a certain Hadley Nathus and a Canadian subject named Eric Allard (chairman and CEO of the company TANTALEX) who, acting in complicity with the leaders of COMINIERE, would be in collusion with some authorities of the country, to cover up this large-scale mining fraud. UC SAS alerts the authorities to monitor this situation.
In addition, this company accuses by name the Ministry of Justice of having taken a decision contrary to the rule of law by instructing the Single Window for Business Creation (GUCE), through its letter number 2160/LW10130/APP/CAB/ME/MIN/J&GS/2022 of September 20, 2022, technical service under its supervision, to cancel a legal transfer of shares for the benefit of a Canadian subject "yet condemned on Congolese soil by judgments that have become final".
The company UC SAS notes that the instruction of the Ministry of Justice given to the GUCE "violates the laws of the country and proceeds from an abuse of power, insofar as it operates on the judgments that have become final about this assignment: RP19203, RCE 7495, RPO 10247/10267, as well as a pre-law under RAC 2942".
In addition, it deplores the "sabotage" of the efforts made by the President of the Republic Felix Tshisekedi, to establish good governance in the DRC, marked by, among other things, respect for the principle of separation of powers and the improvement of the business climate.
"The DRC must avoid being influenced by crooked individuals, so-called investors, while recognized speculators, at the risk of tarnishing the image of the entire country, and particularly the Sama Lukonde government...", deplores the UC SAS in its statement.
Jordan MAYENIKINI
Seems to me the whole sorry story was being covered up, but now UC, the Congo partner is blowing the whistle on further corruption led by our boys at COMINIERE and at the Ministry of Justice level by trying to fiddle the ownership behind peoples backs (see the refs to Sept 22 letters)
Fuck, it never ends, but all these dodgy pricks are getting exposed, one by one
MoneyBags1348
Top 20
Thanks JAG, I think I came across links refuting that report somewhere by the usual corrupt suspects (possibly Lukonde) but Im trying to get off the forum and still having trouble as usual.
If it wasn’t for the Adele Kayinda media releases I would have stayed off.
Hope you are going good and able to have a bit of peace while enjoying a bit of downtime. I’ll catch you later
Manono lithium en stagnation, après avoir octroyé le permis d'exploitation à AVZ, le gouvernement Congolais récuse les Australiens en faveur de la COMINIERE - Kongo Presse
Par Kiki Kienge « Je vais remettre la Cominiere dans ses droits, mon combat est celui de défendre les intérêts de l’État aux traverses cette société qui est une entreprise…
kongopress.com
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