AVZ Discussion 2022
- Thread starter GazDix
- Start date
Samus
Top 20
Hopefully the pressure from the various arbitrations force them to do so.
As a shareholder I couldn't give a fuck about the internal or geopolitical factors at this point as long as we get out money out of shit hole DRC.
It just means we'll be flooded with more shit box, ugly and unrefined Chinese cars as those filthy parasites get more of a monopoly on critical minerals.
I won't be buying one regardless, makes me sick seeing them on the roads at this point.
Mate we are just going to have to disagree on this . It needs to be resolved before it goes the full distance in the courts . The whole point of going through the ICSID process is to pressure/encourage Felix to resolve the situation before it goes that far .
Resolved with what leverage?
mass production on 2027 Mmm
The point is does Felix care about ICSID ? If he does he will resolve it before the DRC are found guilty . DRC/Felix already know they will lose at ICSID . The leverage is in the process not the result .
All good, just read your comment as Avz needs resolve it before ICSID/ICC not the Pres.
Azzler
Top 20
Anyone here a subscriber?
www.africaintelligence.com
DRC : Conflict escalates between miners AVZ and Manono Lithium in Tanganyika - 20/06/2024 - Africa Intelligence
The Australian miner is at loggerheads with the joint venture between Cominière and the local subsidiary of Chinese giant Zijin. - 6/20/2024
As much as I agree, I think having Chinese EV on the Aus market keeps the price down for other brands.
There are fields of unsold EVs parked and fading in the Chinese sun.
ICSID has released an in-depth study of compliance and enforcement of ICSID Convention awards. The results show that the vast majority of awards are satisfied through compliance, settlement, or enforcement.
x.com
x.com
I suspect that when the music stops, AVZ will need its arbitral orders enforced. Nobody in the DRC has willingly done the right thing to date, and I can't see them suddenly becoming remorseful and doing the right thing now.
I also suspect that Zijin's millions in bribe monies are long gone, having been converted into a range of Gucci handbags and cases of 1961 Charles & Diana Moet. Good luck getting your money back from your equally corrupt buddies you shit-eating rodents.
Cheers
F
Samus
Top 20
Sweet! some other idiot can buy that shit and we can all get a superior EV from Korea, Europe, Japan or the States at a reasonable price.
I'm boycotting all things Chinese as much as possible after this.
Along with putting max pressure where it's most effective, without doing ourselves irreparable damage - AVZ needs to be on the front foot with envoys etc pushing messages that AVZ:
* is committed to being a highest standard corporate citizen - a model employer, and is compliant with laws/regulations
* pursues fairness/justice (is forward looking and not vengeful)
* works closely with governments - is professional/cooperative
* seeks to maximize returns for DRC and investors
* is an investor in/supporter of local business and community aspirations (incubator)
* remedying the wrongs of Zijin/Cominiere would be a very popular move in DRC/Tanganyika and set a good local/international example of good governance.
We really need for this story to be picked up and run (often) by all the local media in DRC/Tanganyika etc
Comparing the legal operation of a quality business (AVZ) compared to the corruption being fostered through the DRC government/community by Zijin/Cominiere. Remedying the wrongs of Zijin/Cominiere would be the biggest step forward in addressing corruption in the DRC
It would make Felix look good locally/internationally and reinforce the negatives/shame on Zijin/Cominiere.
* is committed to being a highest standard corporate citizen - a model employer, and is compliant with laws/regulations
* pursues fairness/justice (is forward looking and not vengeful)
* works closely with governments - is professional/cooperative
* seeks to maximize returns for DRC and investors
* is an investor in/supporter of local business and community aspirations (incubator)
* remedying the wrongs of Zijin/Cominiere would be a very popular move in DRC/Tanganyika and set a good local/international example of good governance.
We really need for this story to be picked up and run (often) by all the local media in DRC/Tanganyika etc
Comparing the legal operation of a quality business (AVZ) compared to the corruption being fostered through the DRC government/community by Zijin/Cominiere. Remedying the wrongs of Zijin/Cominiere would be the biggest step forward in addressing corruption in the DRC
It would make Felix look good locally/internationally and reinforce the negatives/shame on Zijin/Cominiere.
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DRCAnyone here a subscriber?
DRC : Conflict escalates between miners AVZ and Manono Lithium in Tanganyika - 20/06/2024 - Africa Intelligence
The Australian miner is at loggerheads with the joint venture between Cominière and the local subsidiary of Chinese giant Zijin. - 6/20/2024
Conflict escalates between miners AVZ and Manono Lithium in Tanganyika
Published on 20.06.2024 at 04:40 GMT Reading time 2 minutes
In addition to the arbitration it has launched before the International Chamber of Commerce (ICC) in Paris, Australian mining firm AVZ Minerals has to contend with an increasingly hostile situation on the ground in Manono in Tanganyika Province. The group is at loggerheads with Manono Lithium, the joint venture between state-owned Cominière and the Chinese giant Zijin Mining Group's Congolese subsidiary. The two parties are prospecting for lithium in the same area and have locked horns over the construction of a road.
AVZ claims Manono Lithium began building the road in order to gain easier access to its own concession. The Australian company opposed this encroachment and launched multiple legal proceedings last year, including the ICC arbitration in Paris, to recover its operating permit. The permit was withdrawn in January 2023 by a decree issued by Mines Minister Antoinette N'Samba Kalambayi, who referred at the time to a dispute between shareholders. The dispute began after the break-down in AVZ's partnership with Cominière, which gradually drew closer to the Chinese group, Zijin (AI, 13/12/22).
Manono Lithium may well have designs on AVZ's concession, but it is also facing a number of difficulties. Last May, the deputy governor of Tanganyika Province, Ferdinand Massamba Wa Massamba, suspended the joint venture's activities until further notice. The authorities accused it of failing to submit an environmental impact study, a prerequisite for obtaining a mining permit. But the province's decision did not stop Manono Lithium from moving up a gear. As well as building the road, it is currently constructing a hydroelectric dam on the Lukushi River.
I hope there is such a thing as karma. I'd do a lot for the opportunity to get back at the Chinese and the corrupt officials in the drc. what does make me mad is the apparent lack of support from aus, maybe there is something going on in the background but who knows, I suspect the labour government wouldnt give a shit as it is not on our soil and they're too focused on not upsetting the Chinese.
Scoota30
Regular
Take anything that Toyota says with a grain of salt, they've been talking up their Li Ion/LFP battery killer for years as well as their hydrogen engines but all they seem to do is talk, and can't follow it up with walk. They've also been stung a few times recently for fraudulent safety testing and come out after the fact to say "I'm sorry".
Think you'll find that a lot of the media talking about EV sales slowing just isn't true and is a load of BS. It continues growing and taking market share off of the ICE vehicles, all while renewables continue taking a higher percentage off of fossil fuel based energy production and grid battery storage continues moving at a fair pace. The technology is proven - it works and is the solution.
Problem is though that China has a 20+ year gameplay at any given time and the west is too busy thinking 2-4 years at a time to do anything while bickering with themselves. Not to mention the leader of the free world sleepy Joe can't even string a full sentence together these days all while his press secretary tells everyone that those videos of him losing his marbles are "cheap fakes". If anything, China continues to extend their lead in the critical minerals race each year while the west is still trying to figure out a game plan to undo it all.
Hurry up RIO buy us out.
Frank
Top 20
*Meanwhile,
In other News, back at the Energy Farm on the other side of the African / DRC fence where the grass is greener thanks to plenty of US Fertiliser,
I see the,
The US is backing Angola’s efforts to diversify from being an oil-dependent economy to becoming a critical-minerals processor and exporter of clean power, according to a top official.
“Angola and the United States are aligned on all the major points related to energy access, energy security, decarbonization, and critical minerals,” US Assistant Secretary of State for Energy Resources Geoffrey Pyatt said at an online media briefing Tuesday.
The southern African nation, one of the top crude producers on the continent, has become a focus for the US in its campaign to secure critical minerals such as copper as it competes against China.
The US Export-Import Bank has earmarked billions of dollars in clean-energy projects to bolster capacity in the country that plans to sell excess electricity across the region.
Pyatt last week visited the capital, Luanda, and met with the nation’s oil and energy ministers.
The officials discussed the construction of transmission and grid interconnection infrastructure needed for Angola to become “a larger energy exporter to the rest of sub-Saharan Africa,” he said, according to a transcript of the remarks.
Ex-Im closed a $900 million loan for solar farms in Angola built by US developer Sun Africa, “which is committed to using non-Chinese components,” according to Pyatt.
The bank’s board referred to Congress for notification a $1.6 billion project with the same developer to construct mini-grids and clean water projects across the country.
Angola is also interested in developing downstream processing infrastructure for critical minerals, he said, adding that the US-backed Minerals Security Partnership Forum brings producers and customers to find potential financing opportunities from the US, European Union and others, to realize such projects.
mining.com
In other News, back at the Energy Farm on the other side of the African / DRC fence where the grass is greener thanks to plenty of US Fertiliser,
I see the,
US backs Angola plan to process critical minerals, export power
The US is backing Angola’s efforts to diversify from being an oil-dependent economy to becoming a critical-minerals processor and exporter of clean power, according to a top official.
“Angola and the United States are aligned on all the major points related to energy access, energy security, decarbonization, and critical minerals,” US Assistant Secretary of State for Energy Resources Geoffrey Pyatt said at an online media briefing Tuesday.
The southern African nation, one of the top crude producers on the continent, has become a focus for the US in its campaign to secure critical minerals such as copper as it competes against China.
The US Export-Import Bank has earmarked billions of dollars in clean-energy projects to bolster capacity in the country that plans to sell excess electricity across the region.
Pyatt last week visited the capital, Luanda, and met with the nation’s oil and energy ministers.
The officials discussed the construction of transmission and grid interconnection infrastructure needed for Angola to become “a larger energy exporter to the rest of sub-Saharan Africa,” he said, according to a transcript of the remarks.
Ex-Im closed a $900 million loan for solar farms in Angola built by US developer Sun Africa, “which is committed to using non-Chinese components,” according to Pyatt.
The bank’s board referred to Congress for notification a $1.6 billion project with the same developer to construct mini-grids and clean water projects across the country.
Angola is also interested in developing downstream processing infrastructure for critical minerals, he said, adding that the US-backed Minerals Security Partnership Forum brings producers and customers to find potential financing opportunities from the US, European Union and others, to realize such projects.
mining.com
CashKing
Regular
I’d disagree mate all the buses and mining vehicles etc are all going electric.
It doesn’t come down to just the Chinese shitty cars on our roads.
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