Hi Bags, can’t make sense of this announcement. Care to elaborate?I’m not sure what this is specifically referring to but thought I’d post it
Octroi « illégal » des avantages par les mandataires publics : Sama Lukonde appelé à siffler la fin de la récréation - Actu7.cd
Le Président de la République Démocratique du Congo (RDC) Félix-Antoine Tshisekedi Tshilombo a, lors de la 88è réunion du Conseil des Ministres qu'il a présidée par visioconférence, informé au Gouvernement que différentes patrouilles financières menées au niveau des entreprises et établissements...actu7.cd
"illegal" Granting of benefits by public representatives: Sama Lukonde called to whistle the end of recess
By:The Redaction
February 26, 2023
https://www.facebook.com/sharer.php?u=https://actu7.cd/2023/02/26/octroi-illegal-des-avantages-par-les-mandataires-publics-sama-lukonde-appele-a-siffler-la-fin-de-la-recreation/
The President of the Democratic Republic of Congo (DRC) Félix-Antoine Tshisekedi Tshilombo, at the 88th meeting of the Council of Ministers he chaired by videoconference, informed the Government that various financial patrols carried out at the level of companies and public institutions report the "pressure exerted by newly appointed agents to grant themselves illegal advantages" under Decrees No. 13
According to the minutes of this weekly meeting, the Head of State recalled the requirement on the part of the supervisory authorities to ensure compliance with the principles of good management in the head of all representatives within companies and public institutions.
"A call to order should be sent to all public representatives by each of the responsible Ministers," notes the Council of Ministers.
According to Patrick Muyaya, Government spokesman who read this report on the antennas of Radio Télévision Nationale Congolaise (RTNC), Félix Tshisekedi asked the Prime Minister to do diligence to sign new decrees relating to the status of agents that can set the benefits of active and non-active agents once and for all.
Maybe it’s got something to do The Boss’s “expect the unexpected”
AVZ Discussion 2022
- Thread starter GazDix
- Start date
cruiser51
Top 20
I wonder if the artisan miners are going to dig 150 m. deep for 1000 ppm (=.1%) tin ore.IMO it wasn’t added for a reason, probably to do with the fact there are already artisanal miners on our tenement looking for tin. Cuminhere and CAMI probably looking to set up an illegal chain much like the ones that operate for cobalt, kids involved seriously underpaid blackmarket goes to China usually, add in simon cong an hey presto you have won fuckwit bingo.
we were talking tin smelting and artisanal tin mining is roughly the same time Cominiere turned. With no tin on the pr we likely can’t mine it, so they shaft us. Then they do the illegal right on our doorstep, knowing the poor will riot if we stop it. Or maybe I’m paranoid and need a water
To bring that into perspective........ .1% of 1000 kg is 1 kg
Current tin price ~US$25,000/ton, or US$25/kg.
So to produce US$25 worth of tin, one will have to dig up 1 ton of ore and after the digging, process the ore and that is at 100% recovery rate.
That is roughly 1 carton of beer per ton of tin ore, without the cost of smelting the tin.
I rather drink the beer and watch them. fukit
BenGriffo
Regular
There is the alluvial tin on the flood plains and banks of the river (coupled with the tin mixed through the main ore body). My understanding was that AVZ was going to support the locals panning for it and pay/treat them properly for their service. Similarly, I would prefer to be drinking a tinny (sorry) or 10 too. Hard yakka but not as crazy as digging 150m deep
AVZ Minerals to evaluate alluvial tin potential at Manono lithium project
Advanced lithium explorer AVZ Minerals (ASX: AVZ) has unveiled an exploration target for the alluvial-hosted tin component of its flagship Manono spodumene project in the Democratic Republic of Congo.
MoneyBags1348
Top 20
I guess it’s open to interpretation, I had a few thoughts on what it might mean but to be honest, I’m too tired tonight to work through it and express what I think so I just put the link here to be considered.
My thoughts on our overall situation…. based on speculation by @Deboss and others in private along with my view that AVZ would hold off drill assay results to as close as possible to the ML being granted is that progress may be being made behind the scenes and that’s how I relate to the link I posted above.
Don’t want to appear to have access to anything or be suggesting anything is imminent, just too tired to express myself better
@Xerof I came across the result of the ICC arbitration between MMC and Cominiere (2 or 3 weeks ago) but the site wouldn’t allow me to copy and paste the information so I saved the site on my phone and later fucken deleted the link and I looked everywhere for it the last few days and couldn’t find it. Really disappointed but I think I assumed after reading it that the case was over.
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Mr Inappropriate
Regular
Let’s be clear: @Deboss has now got 9 days for the ML to come through (a.k.a. the @Carlos Danger rule). If no ML after that date he gets a cock-punch from @MoneyBags1348.Comforting to see @Deboss winking again
I haven't been able to find anything either, but I understand after the last session on 16th Jan there is 30-90 days before a judgement. Today is day 42.
The Fox
Regular
I'd say this is article is relevant to AVZ, albeit indirectly 
actu7.cd
Gécamines : Tshisekedi nomme une nouvelle équipe "pour tenter de ressusciter l'entreprise" - Actu7.cd
La Générale des Carrières et des Mines a une nouvelle équipe. Le Chef de l'État Félix Tshisekedi a procédé à la nomination, par ordonnances présidentielles lues lundi 27 février dans la soirée sur la télévision nationale, de nouveaux animateurs de l'Eldorado congolais qui peine toujours à...
actu7.cd
Deboss says 'expect the unexpected
.' Well we as share holders are expecting the ML and AVZ to begin the process towards mining or possible TO . . So what is this unexpected thing Deboss goes on about and keeps about ? Obviously has to be something that's clearly not on our (share holders) radar . So here are the choices as I see it , A : ML , B : TO , C : F--ked over ( All expected ) Or D : Deboss (unexpected ) . Is something about to surprise us ? Or to put it another way , Deboss us ? I like unexpected surprises.
TDITD
Top 20
Zijin offer $12Deboss says 'expect the unexpected
Mr Inappropriate
Regular
A reach-around from Mupande would be unexpected. Now I‘m confused.Deboss says 'expect the unexpected
Remark
Top 20
Comment of the day
CashKing
Regular
Those tight asses won’t offer that mate, they are trying to claim stolen shares, like fuck they would pay.. We actually NEED HUAYOU / CATL setup
and we get out of this mess at a decent price…Never forget old HUAYOU……. Very silent in this whole thing
With 216million shares 6ish% just slightly shy of YIBIN’s holdings I’m sure they are wondering WTF is going on…..
Expect the Unexpected has always been my motto also, didn’t expect this BULLSHIT HOWEVER…
I’d like to think AVZ are in talks with Huayou also….
HUAYOU/CATL could absolutely make it happen…
GLTAH
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Frank
Top 20
*Fyi Fox, Speaking of Gecamines, I see where,I'd say this is article is relevant to AVZ, albeit indirectly
Gécamines : Tshisekedi nomme une nouvelle équipe "pour tenter de ressusciter l'entreprise" - Actu7.cd
La Générale des Carrières et des Mines a une nouvelle équipe. Le Chef de l'État Félix Tshisekedi a procédé à la nomination, par ordonnances présidentielles lues lundi 27 février dans la soirée sur la télévision nationale, de nouveaux animateurs de l'Eldorado congolais qui peine toujours à...
Gécamines: 14 years without union elections
The Gécamines union delegation singled out for its longevity.
Since 2008, no union elections have been organized in this company, the current union delegation has been in operation for 14 years.
What the platform of organizations for the promotion and defense of economic and social rights denounces.
In a statement published recently, they recommend compliance with the labor code in the DRC.
In this very virulent press release, the platform accuses the union delegation of doing its best to extend their mandate.
For Jean-Pierre Muteba, coordinator of the Nouvelle Dynamique Syndicale, this is against the law.
”The labor code provides that every three years we organize elections.
Each time the supervising minister signs a decree for the organization of elections, the trade unions which are represented at Gécamines make negotiations.
Thus, each time, this company escapes the elections.
Because the ministry signs a decree for Gécamines to be exempt from the elections, ”he said.
Jean-Pierre Muteba also accuses this union delegation of not playing its role.
The organization of the elections falls to the government
The DRC labor code is clear.
Article 257 provides that: “The term of office of delegates is three years renewable”.
However, Kasongo Mabwisha, president of the Gécamines trade union delegation, explains that the organization of trade union elections is not the responsibility of Gécamines.
“The organization of trade union elections falls to the government via the Ministry of Employment, Labor and Social Welfare”, he says.
Nevertheless, he recognizes that it has indeed been 14 years since elections have been organized in this company.
A subject that does not scare him or his union.
They are just waiting for the schedule to be established by the ministry.
It must be said that since September 3, 2022, the Minister of Employment, Labor and Social Welfare, Claudine Ndusi M'kembe, has triggered preparations for elections in companies.
In a letter, she invited the National Intersyndicale of Congo to work for the development of the calendar of the trade union elections.
This timeline is for the 2022 to 2025 election cycle.
Perhaps for this cycle, the ministry will also organize the elections in this state enterprise.
Gécamines: Tshisekedi appoints a new team "to try to resuscitate the company"
The general of careers and mines has a new team.
Head of State Félix Tshisekedi proceeded to the appointment, by presidential ordinances read Monday, February 27 in the evening on national television, new animators of the Congolese Eldorado who is still struggling to take off.
From now on, the functions of chairman of the board of directors (PCA) of Gecamines once occupied by Alphonse Kaputo since the end of 2021, will be provided by Guy Robert Lukamakuzi.
He will have the general manager Placide Kala Basidiwa.
In addition, Jacques Masungu and Ludovic Monga will respectively exercise the functions of Deputy Deputy Directors in charge of Finance and Mines.
At the same time, the members of the board of directors were also renewed.
Nelly Kiwewa, Muyumba, Florence Kyungu, Léon Kabena and desired Mbay will compose this team
It must be said that the former PCA of the Gecamines Alphonse Kaputo will have only been year and a few months before being replaced, while his predecessor, Albert Yuma reigned at least eleven (11) years at the head of this Congolese mining company.
Moreover, in this period from 2010 to 2021, the General Inspectorate of Finance (IGF) conducted surveys that revealed a "calamitous management" of the company.
In its synthesis, the IGF noted irregularities in the transfers of mining assets "through partnership contracts", the lack of transparency in the signing of contracts, prejudices in the assignments of rights.
It also pinned the failure to pay taxes due to the public treasury, the presumption of embezzlement of public funds as well as the sale of the real estate of the company ...
By appointing new leaders, Félix Tshisekedi "tries to resuscitate the company to, among other things, revitalize the Congolese economy", according to analysts.
A $1.5 billion hoard of copper and cobalt is piling up in Congo
A growing pile of copper and cobalt worth about $1.5 billion is stranded in the Democratic Republic of Congo, caught up in a standoff over the future of one of the world’s biggest battery-metal mines.
The huge stash of metal is owned by China’s CMOC Group Ltd, which is locked in a dispute with its Congolese state-owned partner over royalty payments.
While its exports were blocked in mid-July, CMOC’s Tenke Fungurume mine has kept running at close to full capacity, simply stockpiling the extra metal until it can resume shipments, according to people familiar with the matter.
The logjam is a stark reminder of the vulnerabilities in electric-vehicle supply chains, which rely heavily on a small clutch of mines in a handful of countries — in the case of cobalt, Congo is by far the largest supplier.
Battery metal prices have become increasingly volatile as producers struggle to match output to demand, creating headaches for automakers on the upswings, and miners on the way down.
The Tenke Fungurume stockpile raises the threat of more sharp swings to come.
By now, there are about 120,000 tons of copper and around 12,500 tons of cobalt stuck waiting to leave the country, according to people familiar with the matter and Bloomberg calculations.
The copper accounts for the bulk of the value, at about $1.1 billion at spot prices, but it only represents about 7% of total global monthly production, and is unlikely to affect international prices when it does hit the market.
For cobalt, however, the implications could be seismic.
Tenke Fungurume accounts for about 15% of global supply — a larger share of production than the 10% slice of global oil output controlled by Saudi Arabia.
Surprisingly, the market has managed quite well without Tenke’s cobalt, because demand for use in electronics has fallen and output elsewhere is increasing, sending prices tumbling more than 60% from a peak last year.
The eventual release of the CMOC stockpile could drive them much lower still.
At the heart of the issue is state miner Gecamines’ claim that CMOC has been lying about its mineral reserves and owes the company $7.6 billion in royalties and interest.
The pair also need to negotiate a sales contract to set the terms for future exports.
Part of the reason that the stockpile has become so large is that CMOC has remained hopeful throughout the dispute that a resolution was close, which kept it from dialing back activity at the site, according to people familiar with the operation.
Yet a deal has so far proven elusive.
Every day, roughly 500 tons of copper and 50 tons of cobalt are being added to the stash of metal, creating a growing logistical and commercial headache for CMOC and its partners.
And when the stockpile does eventually start to move, it’s likely to spark a scramble for trucks in the region, driving up freight costs and adding to the chronic logistical logjams at the Congolese border.
CMOC did not reply to an email seeking comment. Gecamines Deputy Chief Executive Officer Leon Mwine Kabiena, who oversees the Tenke mine portfolio for the Lubumbashi-based company, did not immediately provide comment when contacted by Bloomberg on email.
The Tenke stockpile has cast a long shadow over the cobalt market, turning once-firm bulls like top producer Glencore Plc into reluctant pessimists.
Still, CMOC’s role in the market and deep pockets mean it will have little incentive to dump the metal.
The Chinese company has a market capitalization of about $17 billion, and said last year that Contemporary Amperex Technology Co. Ltd. — the world’s largest EV battery-maker — had agreed to buy a 25% stake.
It also owns IXM, a major metals trading house.
“CMOC have had the balance sheet to operate the mine and stockpile the material throughout this period, so I don’t think they’ll be under pressure to offload it overnight in a fire sale,” said Caspar Rawles, chief data officer at Benchmark Mineral Intelligence, which estimates the size of the cobalt stockpile at 10,000 to 12,000 tons.
“But at some point they will have to sell, and there’s more than enough material around already.”
mining.com
Samus
Top 20
''According to information documented by the Civil Society, the Cominiere is managed by uncivil economic criminals in collusion with more dangerous mafia networks recruited in several circles, cancer in metastasis for the country more than Leopold II.'' (TPRDC)
@AvzMinerals already has an endowment of 445 million $US for the initial investment (Mines, infrastructures, etc.) 715 million $US for domestic investment, processing units, = 1,260 billion $US . The EP blocked by #CAMI and by @MinMinesRDC prevents the start of work
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No mate u are all over it still trying to bit buy bit fuck us over. The BUY was intended. ImoIMO it wasn’t added for a reason, probably to do with the fact there are already artisanal miners on our tenement looking for tin. Cuminhere and CAMI probably looking to set up an illegal chain much like the ones that operate for cobalt, kids involved seriously underpaid blackmarket goes to China usually, add in simon cong an hey presto you have won fuckwit bingo.
we were talking tin smelting and artisanal tin mining is roughly the same time Cominiere turned. With no tin on the pr we likely can’t mine it, so they shaft us. Then they do the illegal right on our doorstep, knowing the poor will riot if we stop it. Or maybe I’m paranoid and need a water
Mr Inappropriate
Regular
What 715 million $USD for domestic investment? What is this?
Mr Inappropriate
Regular
The pestilence of chinese mining corruption is everywhere, it seems.
www.smh.com.au
‘A bunch of pirates who are here to loot’: New claims against Chinese miner
The Chinese miner at the centre of a $395 million lawsuit by an Australian company has been accused of trespassing on another miner’s land.
Uglybob
Regular
Perhaps Deboss has spent a bit of time having coffee and drinks with Nigel and has managed to catch PWS (perpetual winking syndrome) from him??? Who knows.
Either way I'm over all the winks, easter eggs and 'just wait, you'll see' comments etc.
I'm confident we'll get where we need to be in the end and it's taken longer than anyone expected. There's just been too many instances of 'Cause your mouth's writing checks that your ass can't cash' to quote Limp Bizkit.
Either way I'm over all the winks, easter eggs and 'just wait, you'll see' comments etc.
I'm confident we'll get where we need to be in the end and it's taken longer than anyone expected. There's just been too many instances of 'Cause your mouth's writing checks that your ass can't cash' to quote Limp Bizkit.
Underwaterdark
Regular
This article, straight out of the DRC had me in stiches this morning.
AVZ shareholders posting on twitter getting their time in the sun, for insulting Felix.
7sur7-cd.translate.goog
AVZ shareholders posting on twitter getting their time in the sun, for insulting Felix.
RDC-Annulation du permis d'exploitation de DATHCOM sur le lithium de Manono : AVZ en vient aux insultes contre le gouvernement Congolais sur la toile (Tribune)
Des dirigeants de la firme Australienne AVZ multiplient des insultes et menaces contre le président Tshisekedi et le gouvernement dirigé par le premier-ministre Sama Lukonde, après l'annulation du permis permis d’exploitation n°13359 de la société DATHCOM Mining SA pour l'exploitation de...
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