I feel your pain.
Today my CFDs over PLS got herpes.
AVZ Discussion 2022
- Thread starter GazDix
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Today my CFDs over PLS got herpes.
There was an article today in perthnow.com.au (reputable news source) on Eckhof’s house in Trig selling for $7mil under asking……
Hodlandwin69
Regular
DRC signs major mining deal with U.S.-backed KoBold Metals | Africanews
The Democratic Republic of Congo has signed a framework agreement with American mining firm KoBold Metals to explore critical mineral resources. The signing took place Thursday in Kinshasa, in the presence of President Félix Tshisekedi.www.africanews.com
The Democratic Republic of Congo has signed a framework agreement with American mining firm KoBold Metals to explore critical mineral resources across the country. The signing took place Thursday in Kinshasa, in the presence of President Félix Tshisekedi.
KoBold Metals, which is backed by billionaires Jeff Bezos and Bill Gates, plans to invest more than one billion dollars in the DRC's mining sector. The company’s initial focus is the Manono lithium deposit, considered one of the largest in the world. Lithium is a key component in batteries and green energy technologies, making it highly strategic for global markets.
Beyond Manono, KoBold will launch a large-scale mineral exploration program across the country, using advanced technology to identify high-value deposits. The agreement includes plans to digitize the DRC’s geological archives, currently held at the Royal Museum for Central Africa in Belgium. KoBold also intends to apply for exploration permits covering more than 1,600 square kilometers before July 31, 2025.
Mute22
Regular
China faces off against US for domination of DR Congo’s critical minerals
China’s pushback includes envoy to Congo underlining Beijing’s commitment to supporting the central African country address its crises.
www.scmp.com
China faces off against US for domination of DR Congo’s critical minerals
China’s pushback includes envoy to Congo underlining Beijing’s commitment to supporting the central African country address its crises.
www.scmp.com
China faces off against US for domination of the DR Congo’s critical minerals industry
China’s pushback includes envoy to Congo underlining Beijing’s commitment to supporting the central African country address its crises
Jevans Nyabiage
Published: 6:06pm, 28 Jul 2025Updated: 6:16pm, 28 Jul 2025
After years of largely unchallenged control over the DR Congo’s critical minerals, China now faces growing US competition – a battle that Beijing is determined to win.
The US reportedly pressured the Democratic Republic of Congo last year to block a Chinese firm from acquiring Chemaf Resources.
Now, a US consortium – including firms led by ex-military executives – has bid for the operator of the Etoile copper-cobalt mine. Meanwhile, KoBold Metals, backed by Bill Gates and Jeff Bezos, secured a deal with the DR Congo to explore the Manono lithium deposit, despite an ongoing legal dispute with Australia’s AVZ Minerals.
The deals come shortly after a US-brokered “minerals-for-security” agreement between the DR Congo and Rwanda, signed last month to help end the decades-long conflict in the eastern Congo. It aims to secure peace and stability, and in return the United States and its companies will gain access to critical minerals essential for the green energy transition and advanced technologies.
However, Joseph Cihunda, who teaches law at the University of Kinshasa, said the Congolese government was trying to balance relations to avoid becoming a battleground between China and the US, even if Washington sought to escalate competition.
“Even in Congolese public opinion, they do not want such a confrontation,” Cihunda said.
Despite Congo’s ongoing discussions with the US, Cihunda said President Félix Tshisekedi received Chinese officials about two weeks ago specifically to reassure them.
A miner holds a cobalt stone at a mine near Kolwezi, DR Congo. In 2024, the country produced 76 percent of the world’s cobalt, according to the US Geological Survey. Photo: AFP
“Minerals are abundant in the DR Congo and there is room for everyone, American, European and Chinese,” Cihunda said, adding that the Congolese government maintained its right to resize a research permit granted to any holder.
China, deeply entrenched in Congo’s mining sector, is pushing back, with its ambassador reaffirming Beijing’s non-interference policy and commitment to supporting the central African country.
In response to the growing US competition and the recent US-brokered Congo-Rwanda peace agreement, Beijing has sought to highlight its consistent approach to international conflicts and politics.
Speaking at Kinshasa University earlier this month, Chinese ambassador Zhao Bin addressed what he described as “discordant voices” in the public sphere that suggested China had ignored Congo while the US acted as its “true friend”.
Refuting such claims, Zhao said: “We have neither treated the DR Congo as a bargaining chip nor imposed any discriminatory measures against it.”
Outlining China’s commitment to its diplomatic principle of non-interference in internal affairs, Zhao said that Beijing had leveraged its strengths to provide Congo with practical and effective support, including military aid, economic assistance and trade cooperation. This, he said, offered strong guarantees for the Congolese side to effectively address its crises.
Sun Yun, director of the China programme at the Stimson Centre think tank in Washington, said any US-China competition over natural resources in the DR Congo was a fair one.
“The US is catching up on its critical mineral vulnerability and it will have to vigorously push for more assets and security in its supply chain,” Sun said.
The US had tremendous leverage in the region, as shown in the recent Congo-Rwanda peace deal, he added.
Last year, US officials reportedly lobbied state-owned miner Gecamines to review the sale of Chemaf to Norin Mining – a subsidiary of China’s state-owned defence company Norinco.
Chemaf is also developing Mutoshi, one of Congo’s largest pipeline copper-cobalt projects. The US consortium’s bid for Chemaf aims to bring Mutoshi under American influence, given its strategic importance for global supply chains.
These deals underscore the intensifying US-China competition for critical minerals in the DR Congo, the world’s second-biggest copper producer and largest source of cobalt, as Washington seeks to secure critical minerals for its green transition. Copper and cobalt are critical minerals used in electric-vehicle batteries and military equipment.
Congo is by far the world’s largest source of cobalt, accounting for about 70 per cent of global production, and a key source of copper and other critical metals such as tin, gold, lithium and tantalum.
Chinese companies are heavily embedded in the DR Congo’s mining sector, having secured several of the country’s key assets in the past decade as Western countries ceded many of these interests to China.
Among their acquisitions was the sale by US-based Freeport-McMoran of two of the world’s largest cobalt assets – the Tenke Fungurume mine and Kisanfu project – to CMOC, formerly China Molybdenum Co, in 2016 and 2020, respectively.
Chris Berry, head of US-based commodities advisory firm House Mountain Partners, said the view on critical minerals in Washington had significantly shifted under the Trump administration.
“Rather than a focus on ESG or ‘green growth’ the focus is now on national defence and self-sufficiency in critical mineral access,” Berry said, using the acronym for “environmental, social and governance” factors.
He noted that while onshoring as much of this as possible would obviously be ideal, the private sector was clearly now encouraged to acquire assets offshore, as evidenced by the proposed Chemaf deal.
“China has a strong presence in the DR Congo and I don’t see that abating any time soon, so the US and other Western players who want to establish a presence here will be getting much more aggressive in deal making,” Berry said.
On Congo’s dispute with Australia’s AVZ, he said all stakeholders needed to come to the table and work together on some sort of agreement.
“Manono has been a controversial asset for quite some time and clearly this disagreement only deepens that view.”
I don't really understand what is so controversial, the law is black and white - we are the only ones who haven't bent the rules. Somebody compensates us literally a fraction of the LOM value and we fuck off forever.
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fucking great, have you not seen beetlejuice? You said its name 3 times and it appeared.
DR Congo Signs Mining Exploration Deal with US-Based KoBold Metals
Economy - DR Congo Signs Mining Exploration Deal with US-Based KoBold Metals - KoBold Metals is set to launch an advanced exploration plan in the Congo to identify new strategic deposits and digitize the country's geological archives.
www.focusonafrica.info
Xerof
Flushed the Toilet
What pleases me the most in the aftermath of the successful Dathomir 10% options result is that GJ’s so-called ‘conviction’ for legally filing the share transfers no longer applies.
I know Leonard Math in particular will be delighted for his old work colleague.
Another of the corrupt road blocks put in our way smashed out of the park
I know Leonard Math in particular will be delighted for his old work colleague.
Another of the corrupt road blocks put in our way smashed out of the park
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The errors in the news media is mind blowing. For example, spot the error in the following extract from the above Focus on Africa article.DR Congo Signs Mining Exploration Deal with US-Based KoBold Metals
Economy - DR Congo Signs Mining Exploration Deal with US-Based KoBold Metals - KoBold Metals is set to launch an advanced exploration plan in the Congo to identify new strategic deposits and digitize the country's geological archives.
"This move consolidates and expands upon what was already initiated two months prior when the American company acquired a stake in the Manono site from AVZ Minerals, announcing a direct investment of over one billion dollars."
Winenut
GO AVZ!!!!
Agreed
The accuracy is about on par with Tommy fucking Richardhead's efforts at the AFR before he was summarily given the arse.....
and what is even funnier is that toilet head believes if you write "imo " after a comment it shields you from any legal action for slander/defamation of character etc.
That's a very good point Xerof, but of course the corrupt pricks at the Criminal Court in Lubumbashi and the Katanga Court of Appeals, and of course the human gerbils at CAMI and Cominiere will never acknowledge or even understand the implications of that ICC decision.
Samus
Top 20
'Toad'
What’s amazing is tolate won the tadpole race, those he beat must have been really dumb or bribery was involved.
Carlos Danger
Top 20
Just take the L dickhead
Cumquat Cap
Regular
I heard Leonard Math has been desperately trying (and failing) to stave his main pay cheque in Adavale from Bankruptcy, turns out soph investors don’t trust their money with a Kim Jong Un look-alike contestant
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