AVZ Discussion 2022

DRC does my head in. USA providing guidance and cash to get them out of the mud and join the international mining community where the real money is and they whinge. In the end what do they want? To block any sale and go back to the Chinese bribes? Sure that was a fucking great system for the average citizen 🙄. Don't let prefect be the enemy of Good.
 
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Samus

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DRC does my head in. USA providing guidance and cash to get them out of the mud and join the international mining community where the real money is and they whinge. In the end what do they want? To block any sale and go back to the Chinese bribes? Sure that was a fucking great system for the average citizen 🙄. Don't let prefect be the enemy of Good.
What I found somewhat interesting about this "editorial" was:
"The agreement would grant Washington preferential access to Congolese minerals and provide for a joint management mechanism for the mining sector."
Presumably this would allow Washington to exert some control and alleviate some of the prevailing corruption issues.
 
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Dave Evans

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LINK: https://x.com/batten_von/status/2023892109833425053?s=20

I would hate to see a ruling by the ICSID finding the DRC and specifically Felix's Government corrupt.

Gee it would make doing business in the DRC by the Americans even more difficult.

View attachment 95191

Quite a while back we saw that Von Batten is as big a dickhead as August Cohen. Another wanker who considers himself an elite, calling out so called Rwandan political and economic elites. What an absolute dickhead fucken wanker he is

We have seen who the elites are you fucken dickhead Von Wanker. Here they are

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Rwanda’s biggest exports are critical minerals and its biggest exports are to China, it exports fuck all of anything to the US. As far as Rwanda’s M23, they won’t leave as long as long as the DRC and its FARDC army keep facilitating and backing the FDLR militia in slaughtering the Tutsi’s
 
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Sangster

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Samus

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Congo offers tantalum deposit under M23 control to US in minerals pact​

Reuters | February 18, 2026 | 11:16 am Critical Minerals Africa USA Cobalt Copper Lithium Specialty Minerals
SRSG_visits_coltan_mine_in_Rubaya_13406579753-1024x682.jpg

The Luwowo coltan mine near Rubaya, DRC. Credit: Wikipedia
The Democratic Republic of Congo added the rebel-held Rubaya coltan mine, one of the world’s richest tantalum deposits, to a shortlist of strategic assets it is offering to the US under a minerals cooperation framework, a government document seen by Reuters shows.
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A senior Congolese official and a US diplomat confirmed the inclusion of Rubaya on the shortlist presented to a DRC-US meeting in Washington on February 5 to advance their strategic minerals partnership agreed in December. They spoke on condition of anonymity due to the sensitivity of the matter.

The move puts Rubaya – despite being held by Rwandan-backed AFC/M23 rebels – into Kinshasa’s bid to draw US investment into mineral-rich but conflict-torn eastern Congo. It could give Washington access to highly sought tantalum, a heat-resistant metal processed from coltan ore used by makers of semiconductors, aerospace components, computers, mobile phones and gas turbines.

Congo estimates that the Rubaya mine needs $50 million to $150 million to restart and ramp up commercial output, with rapid cost recovery expected due to soaring global demand for tantalum, the document says.
The US wants access to a spectrum of natural resources as it scrambles to counter China’s dominance in Africa and build a strategic critical metals stockpile.
Rubaya could deliver a “fully traceable, conflict‑free” tantalum supply compliant with US procurement rules, the DRC government document says.

15% of world’s coltan​

Rubaya, in North Kivu, holds several thousand metric tons of coltan with tantalum concentrations of 20–40%. It accounts for around 15% of the world’s coltan output, all dug manually by impoverished locals earning a few dollars a day.

The mine and surrounding hills remain under the control of AFC/M23 rebels, whose occupation has fuelled organized smuggling networks into Rwanda, the United Nations said in a report last year.
The UN estimates the rebels, which Rwanda denies backing, collect at least $800,000 per month from taxes on Rubaya coltan production and trade.
M23 and its political affiliate, the Congo River Alliance (AFC) are under US sanctions and are not part of a faltering peace deal between Congo and Rwanda brokered by US President Donald Trump in December. Clashes continue despite the pact.
They have criticized the minerals framework, describing it as “deeply flawed” and saying Kinshasa should not negotiate new mineral partnerships while fighting continues.
A senior official from the group told Reuters on Wednesday that the AFC/M23’s objective “is not the mines but the liberation of our people”.
By offering Rubaya to Washington despite lacking control of the site, Kinshasa aims to draw the US into recovering the area militarily for the Congolese government, he said.
The official, who asked for anonymity because of the sensitive nature of the discussions, said a private party — not the Congolese state — holds the mining title and any future dispute would show that President Felix Tshisekedi “does not control all the mining sites”. He declined to elaborate on the ownership of the mine.
The Congolese government did not immediately respond to a request for comment.

Preferential access to projects​

The US State Department told Reuters on Tuesday that Congo formally presented the initial strategic asset reserve (SAR) list at the meeting on February 5, but the department did not disclose the assets.
Under the framework agreement, US companies will receive preferential access to the assets, which Washington says is designed to foster transparent investment, create jobs and help build long‑term stability in the DRC.
The State Department added that eligible private‑sector firms were now invited to request the SAR list and signal interest in qualifying projects.

Lithium, copper–cobalt, gold assets offered​

Other projects on Congo’s priority list for US investors include the giant Manono lithium deposit in Tanganyika, the Chemaf copper‑cobalt complex in Haut‑Katanga and Lualaba, the STL Germanium–Gallium expansion in Lubumbashi, and a trio of proposed cobalt refineries.
The list also features state miner Gecamines‑linked hydro projects, Congo’s part of the Lobito rail corridor – a project to help transport critical minerals from central Africa to the West – and major gold prospects such as Kibali South and Moku Beverendi, the document shows.

Congo and several US or allied companies have already signed initial supply agreements under the minerals security pact, part of Washington’s broader effort to loosen China’s long‑established dominance over Congolese critical minerals.

The government document does not name US companies approached or confirm whether formal negotiations have begun.
(By Ange Adihe Kasongo and Maxwell Akalaare Adombila; Editing by Veronica Brown, Silvia Aloisi and Emelia Sithole-Matarise)
 
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Sangster

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What I found somewhat interesting about this "editorial" was:
"The agreement would grant Washington preferential access to Congolese minerals and provide for a joint management mechanism for the mining sector."
Presumably this would allow Washington to exert some control and alleviate some of the prevailing corruption issues.
In the early days of the minerals for security discussion there was talk about setting up a parallel administration. US government would set itself up in DRC to some extent and US companies would answer to that administration rather than the existing DRC kleptocrats.

This is likely what is being referred to and I reckon you're on the money, at least in regard to the intention. US companies avoid the corruption and don't get sued back at home, US government handles the dirty work when Felix wants a new Rolex.
 
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Flight996

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Thank you for posting this Reuters article. You beat me to it.

The article identifies a number of important issues surrounding a potential sale of the Luwowo coltan mine, including the forced redundancy of thousands of already impoverished locals whose families rely on artisanal mining for their very existence.

From an AVZ shareholder point of view, why am I not surprised to see the fat kleptocrat offering for sale something else that does not belong to him or his corrupt administration? It seems that he has a hide like a crocodile, and theft really is hard-wired into his DNA.

...a private party — not the Congolese state — holds the mining title and any future dispute would show that President Felix Tshisekedi “does not control all the mining sites”. He declined to elaborate on the ownership of the mine.

The Congolese government did not immediately respond to a request for comment.


I can't see the Yanks falling for that trick, particularly given the issues they already face in the intractable Manono title shit-fight.

Cheers
F
 
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