Editorial Opinion: The Sad Case of Zijin Mining In Colombia
Zijin would do well to earn the hearts and minds of the locals rather than demanding that distant politicians fight its battles.
www.financecolombia.com
AVZ Discussion 2022
- Thread starter GazDix
- Start date
www.financecolombia.com
Mate it will be there for the world to see. But will they give a fuck answer NO. Because weather they get the shit from avz or zing they don't care it will be all about price of good that's it. Jesus it's not fairy land it's a commodity trade. That's it no more no less. Does anyone think the traders give a fuck about some poor little prick in drc. God fuck me dead drc politicians don't give a fuck about the real people of the drc. FUCK. Responsibility resourced materials. What a wank if that was the real case co would be 500,000 a ton. So let's be real in the real world. Imo rant over. No excuse it is what it is haaa
Frank
Top 20
Sino-Congolese contract: "Stop politicizing the Sicomines affair"
“We send a message to all those who want to do political recovery of the Sicomines affair: stop.
The General Inspectorate of Finance has produced a technical report.
This mission started 6 months ago.
It is not because there are elections today that we have to stop working", declares, guest of the Special Edition on Top Congo FM, Jules Alingete, head of the services of the General Inspectorate of Finances (IGF), about the "misguided sons of the DRC" who accompanied (by passivity or complicity) Chinese companies in the selling off of natural resources within the framework of what were then called "Chinese contracts" signed in April 2008.
"Let those who are agitated, stop. My brothers Congolese politicians who were agitating, you are not concerned. Do not be afraid.
Be with us to defend the interests of the Congo, don't play into the hands of these Chinese companies who put forward to make believe that this is a problem between Congolese.
Stop your useless agitations”, he urges.
"The message I send them is that we have no problem with you. We understand the circumstances in which you acted. We say to you (simply): Congo first", reassures Jules Alingete.
"The report is technical and can be summed up in one thing: what we were promised in the agreement has not been given to us. We are only asking that we be able to give it and that in addition, we revisit the agreement to rebalancing the benefits, just that," he insists.
The Chinese didn't execute the convention alone?
"There are also many Congolese, Congolese structures that have intervened, but I do not want to put them on the dock.
I would simply like these Congolese to be with us to ask, in the interest of Congo, the Chinese side, its companies, to fulfill their commitments.
A point, a line", pleads the chief inspector.
“We ask Chinese companies involved in the convention to fulfill their commitment.
Subsequently, we ask these companies to sit down with the agency responsible for monitoring and coordinating their activities to examine the review of this contract which is totally unbalanced", he explains.
What about the status quo?
And in the case of China or at least its companies did not move one iota, Jules Alingete begins by noting "that the Congolese government has done what it promised.
They (Chinese companies) have promised infrastructure, it's a commitment.
They have to keep it (as long as they) recognize that we are at 822 million dollars instead of 3 billion over 15 years”.
And it is precisely "where we can say that the Congolese have abused, it is in the 822 million dollars of infrastructure that we estimate to have been overcharged.
In this Congolese part, there is the Agency for Major Works which was responsible for monitoring", he reveals, before returning to the hypothesis where the Chinese part does not run.
"The operating permit is renewable by the government", begins by recalling this senior public official.
Already, “next year, it will have to be renewed.
The government may not renew the permits.
These are coercive measures to lead to negotiation.
It's not just that (need to know).
Today, they no longer have exemptions.
There are other measures we can take," he said.
The political class, a misfortune
However, "these are partners and we are within the framework of a convention.
Let's not set fires.
We ask them (simply) to fulfill their commitment and that we can examine the agreement to see which provisions will have to be revisited", resumes Jules Alingete before going there with his clear and absolutely sharp peak: "The misfortune of the Congolese people is their political class".
Certainly, "it is true that in this political class, we have values, but the majority, nearly 90% of the people who are part of the Congolese political class promote mediocrity, to paraphrase Cardinal Mosengwo", formulates he.
“I go even further: they promote hooliganism.
That is to say public governance by corrupt people.
We must be patriots, we must love Congo.
If we do not defend the interests of Congo, there is no one who will come to do it in our place", he says.
mediacongo
Chinese contract unpacked: Jules Alingete scratches and puts pressure, Sicomines already drops 700 million dollars!
Jules Alingete played and won the DR-Congo, which lost billions in the deal with China presented as the "contract of the century" which should be "win-win".
The investigation into this contract, carried out by the brigade of inspectors of the General Inspectorate of Finance -IGF- under the leadership of Alingete, revealed a flagrant imbalance in favor of Chinese interests.
The gain of the Grouping of Chinese companies -GEC-, born following the conclusion of the "contract of the century" in 2008, was evaluated at USD 76 billion by the IGF while the DR-Congo only obtained USD 3 billion.
In the end, revealed "Jeune Afrique", which got its hands on a still confidential part of the audit submitted to President Félix Tshisekedi, the Chinese side has only mobilized USD 4.47 billion in 14 years, of which only 822 million were used to finance the construction of infrastructures, moreover "invisible".
The IGF report caused an outcry on the web, not without putting "pressure" on the negotiations started last November between the GEC and the DR-Congolese State, represented by the Agence de pilotage de coordination et de follow-up of collaboration agreements -APSC.
The latter, created in March 2022 to monitor the various collaboration agreements between the DR-Congo and its private partners, replaced the Coordination and Monitoring Office of the Sino-Congolese Program - BCPSC.
The Director General of the APSC, Freddy Yody Chembo, during his speech on the airwaves of Top Congo, announced that the Sino-Congolese mines -SICOMINES-, one of the companies of the GEC, will release a total of USD 700 million this year for the construction of infrastructure for the benefit of the DR-Congo.
Thanks to this same intervention, Freddy Yody Chembo acknowledged that “the IGF report has increased the pressure” on Chinese companies which have already dropped USD 500 million while negotiations continue.
This sum will be released in two stages: first USD 350 million and then USD 150 million.
It will, according to the director general of the APSC, be injected into projects “to be carried out by the Ministry of Infrastructure”.
The DR-Congolese party, he said, has requested an additional USD 200 million which will bring the total amount to be paid into the Treasury account this year to USD 700 million.
"The negotiations being in progress, it is likely to go beyond these 700 million which will allow the Republic to regain its rights", an observer told AfricaNews, while welcoming the "work of the titans" carried out by Jules Alingete, head of the General Inspectorate of Finance -IGF-, to "give a necessary push to the negotiations so that the Chinese contract can really benefit the DR-Congolese".
For Alingete and its inspectors, this contract, in its initial form, represented “unacceptable economic colonization”.
This, given that the country has lost 3,500 km of road, as many kilometers of railway, 31 hospitals and 145 health centers.
These various infrastructures should be built by Chinese companies in return for the exploitation of the DR-Congolese mines.
They should cost 6.5 billion.
To President Félix Tshisekedi, the IGF handed over a list of requirements to correct the “glaring imbalance” found in the Chinese contract.
These include the revision of the distribution of the capital of SICOMINES by taking into account the value of the deposits provided by Gécamines, the revaluation of the amount of infrastructure to be financed by the Chinese party to USD 20 billion USD.
mediacongo
CashKing
Regular
It’s yours now SON OF AVZ…
The mantle has been passed…
Use it how you see fit
I agree with you and my time has come…
GLTAH THROUGH THIS BULLSHIT FUCKED UP TIME….
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Sounds like a run for the top job sooner or later to me.
Is
Sir Les
that old mate on twitter that posted about philosophical arguments and spoke in riddles without properly explaining himself? For the life of me I can't remember his name...
Anyways, not sure if this is useful, it's late and CBF'd reading into it anymore tonight, but does anyone know if this is the same Jin Cheng, mentioned in the Panama Papers?
offshoreleaks.icij.org
Registered in Samoa, I see...
Samoa is now blacklisted as a non-cooperative tax haven by Organisation for Economic Co-operation and Development (OECD) or Financial Action Task Force (FATF) in the revised EU list of the latest update of 04 October 2022.
Minimal reporting requirements. Reporting procedures are usually a headache issue for most business owners. However, registering an offshore company in Samoa will relieve you from annual reporting or auditing requirements.
High protection of company assets. Thanks to the maintenance of corporate anonymity, the tracking of the asset owners is difficult or even impossible. Therefore, the company can keep its assets safe from the creditors.
High level of corporate privacy. One of the main attractive factors of Samoa offshore company formation is its layered corporate confidentiality. The government doesn’t require companies to publicize names and personal information of shareholders, directors and managers. It also allows companies to use nominee services working on behalf of the companies to sign and appear on public documents.
Sir Les
that old mate on twitter that posted about philosophical arguments and spoke in riddles without properly explaining himself? For the life of me I can't remember his name...
Anyways, not sure if this is useful, it's late and CBF'd reading into it anymore tonight, but does anyone know if this is the same Jin Cheng, mentioned in the Panama Papers?
JIN CHENG MINING GROUP CO., LIMITED | ICIJ Offshore Leaks Database
Panama Papers Entity: JIN CHENG MINING GROUP CO., LIMITED
Registered in Samoa, I see...
Samoa is now blacklisted as a non-cooperative tax haven by Organisation for Economic Co-operation and Development (OECD) or Financial Action Task Force (FATF) in the revised EU list of the latest update of 04 October 2022.
Minimal reporting requirements. Reporting procedures are usually a headache issue for most business owners. However, registering an offshore company in Samoa will relieve you from annual reporting or auditing requirements.
High protection of company assets. Thanks to the maintenance of corporate anonymity, the tracking of the asset owners is difficult or even impossible. Therefore, the company can keep its assets safe from the creditors.
High level of corporate privacy. One of the main attractive factors of Samoa offshore company formation is its layered corporate confidentiality. The government doesn’t require companies to publicize names and personal information of shareholders, directors and managers. It also allows companies to use nominee services working on behalf of the companies to sign and appear on public documents.
Is
Sir Les
that old mate on twitter that posted about philosophical arguments and spoke in riddles without properly explaining himself? For the life of me I can't remember his name...
Anyways, not sure if this is useful, it's late and CBF'd reading into it anymore tonight, but does anyone know if this is the same Jin Cheng, mentioned in the Panama Papers?
offshoreleaks.icij.org
Registered in Samoa, I see...
Samoa is now blacklisted as a non-cooperative tax haven by Organisation for Economic Co-operation and Development (OECD) or Financial Action Task Force (FATF) in the revised EU list of the latest update of 04 October 2022.
Minimal reporting requirements. Reporting procedures are usually a headache issue for most business owners. However, registering an offshore company in Samoa will relieve you from annual reporting or auditing requirements.
High protection of company assets. Thanks to the maintenance of corporate anonymity, the tracking of the asset owners is difficult or even impossible. Therefore, the company can keep its assets safe from the creditors.
High level of corporate privacy. One of the main attractive factors of Samoa offshore company formation is its layered corporate confidentiality. The government doesn’t require companies to publicize names and personal information of shareholders, directors and managers. It also allows companies to use nominee services working on behalf of the companies to sign and appear on public documents.
Sir Les
that old mate on twitter that posted about philosophical arguments and spoke in riddles without properly explaining himself? For the life of me I can't remember his name...
Anyways, not sure if this is useful, it's late and CBF'd reading into it anymore tonight, but does anyone know if this is the same Jin Cheng, mentioned in the Panama Papers?
JIN CHENG MINING GROUP CO., LIMITED | ICIJ Offshore Leaks Database
Panama Papers Entity: JIN CHENG MINING GROUP CO., LIMITED
Registered in Samoa, I see...
Samoa is now blacklisted as a non-cooperative tax haven by Organisation for Economic Co-operation and Development (OECD) or Financial Action Task Force (FATF) in the revised EU list of the latest update of 04 October 2022.
Minimal reporting requirements. Reporting procedures are usually a headache issue for most business owners. However, registering an offshore company in Samoa will relieve you from annual reporting or auditing requirements.
High protection of company assets. Thanks to the maintenance of corporate anonymity, the tracking of the asset owners is difficult or even impossible. Therefore, the company can keep its assets safe from the creditors.
High level of corporate privacy. One of the main attractive factors of Samoa offshore company formation is its layered corporate confidentiality. The government doesn’t require companies to publicize names and personal information of shareholders, directors and managers. It also allows companies to use nominee services working on behalf of the companies to sign and appear on public documents.
Frank
Top 20
Sino-Congolese contract: Matata defends himself and charges the Kabila presidency
Has the government been tricked into the contract signed in 2008 with the group of Chinese companies?
According to the report of the General Inspectorate of Finance (IGF), the answer is affirmative.
Based on the “natural resources against infrastructure” program, this contract only benefited the Chinese side.
For the Congolese Minister of Finance, "it is clear today that this Chinese contract is not to our advantage".
In its report, the IGF revealed: “Chinese companies have already received a gain valued at nearly 10 billion US dollars, while the Republic has only benefited from 822 million dollars in terms of infrastructure.
Will it still be necessary, in the 822 million, that we go in depth to realize that there is no visibility of this sum?
Some Congolese authorities also participated in this game.
"The glaring imbalance that has been observed, the sell-off, the squandering of our minerals observed in this contract was also the work of misguided sons of our country, who accompanied Chinese companies in this macabre work against our country", said lamented the IGF.
Cited among those who "betrayed" the Republic, Augustin Matata Ponyo defends himself.
“I have never signed Chinese contracts,” he said.
The declared presidential candidate of December 2023 recalled that these contracts "were signed in 2008" when he was director of the Central Coordination Office (Bceco) "and not Minister of Finance".
Matata charges the Kabila presidency.
“The execution of these contracts was done exclusively by the Chinese Contracts Monitoring Office which depended on the presidency and not on the government”.
Patrick Muyaya on the Chinese contract: "We must not consider that we want to bully the Chinese...
The Congolese Minister of Communication and Media and Government Spokesman, Patrick Muyaya, was quick to deliver his version of the facts on the public outcry observed after the publication of the report of the General Inspectorate of Finance (IGF) on the famous Chinese contract.
“The intention of the Government is not to seek to bully the Chinese, but rather to ensure that the Congolese have their share of the cake. “, said Patrick Muyaya during a briefing held on Monday, February 20, 2023.
According to him, "the government's strategy is to look wherever we need to glean resources to deal with the problem of the Congolese".
For Minister Patrick Muyaya, the Chinese contract was signed in 2006 and had to be revisited, it is work that has already begun.
“We do not want to react to the words of the Chinese Embassy, but we want to look at the interests of the Congolese.
What we can say in relation to the objectives assigned to this contract where we had to trade mines for infrastructure, we did not benefit much in this direction.
This is how the IGF went to dig into the figures that were invested in this sector. We can't help but want to see more clearly what was being done. “, affirmed Patrick Muyaya.
And to add: “When the IGF, which is committed to this task, makes assessments, we must not consider that we want to bully the Chinese, but we simply want to make sure that the contract meets Congolese requirements. “, he insisted.
For his part, the Minister of Finance, Nicolas Kazadi, clarified that this is not the first time that we have expressed the wish to take a close look at this Chinese contract.
“The Council of Ministers has come back to this several times.
The report of the Minister of Infrastructure and that of Mines also mentioned it, but fundamentally, the work of the IGF goes deep with numbers.
We had already announced to our Chinese partners that there are things to review, now that there are detailed figures on the table, we will discuss with them.
China remains an important partner for the DRC.
We don't want to get angry with them, but we have the right to defend our interests, our vision, our strategy.
We have to say it, the Chinese contract today is not to our advantage,” he blasted.
The Congolese financier pointed out that the Democratic Republic of Congo (DRC) has received just under one (1) billion USD in investments while it has exempted China from many charges and taxes.
Meanwhile, China has generated a lot of revenue that exceeds US$10 billion.
Nicolas Kazadi took this opportunity to remind SICOMINES to respect its commitments.
“But beyond this Chinese counter-mine investment contract, there is today a dispute with SICOMINES for the superprofit which is not affected by the exemptions.
Unfortunately, SICOMINES does not want to pay the 200 million USD demanded of it as superprofit.
It must pay it because this tax is not part of the taxes exempted under the convention. ", he said.
Recall that the General Inspectorate of Finance (IGF) has made an alarming finding on the Chinese contract.
This, following its fact-finding missions on the collaboration agreement of April 2008 between the Democratic Republic of Congo (DRC) and the group of Chinese companies commonly known as the “Chinese Contract”.
According to the IGF, the Congolese state has only benefited from 800 million dollars out of revenues estimated at 10 billion dollars in the operation of the SICOMINES project.
However, this report is disputed by the Chinese side.
In a press release published on February 17, 2023, SICOMINES challenged both the jurisdiction of the IGF, the procedure followed (in violation of SICOMINES law) and the content.
Has the government been tricked into the contract signed in 2008 with the group of Chinese companies?
According to the report of the General Inspectorate of Finance (IGF), the answer is affirmative.
Based on the “natural resources against infrastructure” program, this contract only benefited the Chinese side.
For the Congolese Minister of Finance, "it is clear today that this Chinese contract is not to our advantage".
In its report, the IGF revealed: “Chinese companies have already received a gain valued at nearly 10 billion US dollars, while the Republic has only benefited from 822 million dollars in terms of infrastructure.
Will it still be necessary, in the 822 million, that we go in depth to realize that there is no visibility of this sum?
Some Congolese authorities also participated in this game.
"The glaring imbalance that has been observed, the sell-off, the squandering of our minerals observed in this contract was also the work of misguided sons of our country, who accompanied Chinese companies in this macabre work against our country", said lamented the IGF.
Cited among those who "betrayed" the Republic, Augustin Matata Ponyo defends himself.
“I have never signed Chinese contracts,” he said.
The declared presidential candidate of December 2023 recalled that these contracts "were signed in 2008" when he was director of the Central Coordination Office (Bceco) "and not Minister of Finance".
Matata charges the Kabila presidency.
“The execution of these contracts was done exclusively by the Chinese Contracts Monitoring Office which depended on the presidency and not on the government”.
Patrick Muyaya on the Chinese contract: "We must not consider that we want to bully the Chinese...
The Congolese Minister of Communication and Media and Government Spokesman, Patrick Muyaya, was quick to deliver his version of the facts on the public outcry observed after the publication of the report of the General Inspectorate of Finance (IGF) on the famous Chinese contract.
“The intention of the Government is not to seek to bully the Chinese, but rather to ensure that the Congolese have their share of the cake. “, said Patrick Muyaya during a briefing held on Monday, February 20, 2023.
According to him, "the government's strategy is to look wherever we need to glean resources to deal with the problem of the Congolese".
For Minister Patrick Muyaya, the Chinese contract was signed in 2006 and had to be revisited, it is work that has already begun.
“We do not want to react to the words of the Chinese Embassy, but we want to look at the interests of the Congolese.
What we can say in relation to the objectives assigned to this contract where we had to trade mines for infrastructure, we did not benefit much in this direction.
This is how the IGF went to dig into the figures that were invested in this sector. We can't help but want to see more clearly what was being done. “, affirmed Patrick Muyaya.
And to add: “When the IGF, which is committed to this task, makes assessments, we must not consider that we want to bully the Chinese, but we simply want to make sure that the contract meets Congolese requirements. “, he insisted.
For his part, the Minister of Finance, Nicolas Kazadi, clarified that this is not the first time that we have expressed the wish to take a close look at this Chinese contract.
“The Council of Ministers has come back to this several times.
The report of the Minister of Infrastructure and that of Mines also mentioned it, but fundamentally, the work of the IGF goes deep with numbers.
We had already announced to our Chinese partners that there are things to review, now that there are detailed figures on the table, we will discuss with them.
China remains an important partner for the DRC.
We don't want to get angry with them, but we have the right to defend our interests, our vision, our strategy.
We have to say it, the Chinese contract today is not to our advantage,” he blasted.
The Congolese financier pointed out that the Democratic Republic of Congo (DRC) has received just under one (1) billion USD in investments while it has exempted China from many charges and taxes.
Meanwhile, China has generated a lot of revenue that exceeds US$10 billion.
Nicolas Kazadi took this opportunity to remind SICOMINES to respect its commitments.
“But beyond this Chinese counter-mine investment contract, there is today a dispute with SICOMINES for the superprofit which is not affected by the exemptions.
Unfortunately, SICOMINES does not want to pay the 200 million USD demanded of it as superprofit.
It must pay it because this tax is not part of the taxes exempted under the convention. ", he said.
Recall that the General Inspectorate of Finance (IGF) has made an alarming finding on the Chinese contract.
This, following its fact-finding missions on the collaboration agreement of April 2008 between the Democratic Republic of Congo (DRC) and the group of Chinese companies commonly known as the “Chinese Contract”.
According to the IGF, the Congolese state has only benefited from 800 million dollars out of revenues estimated at 10 billion dollars in the operation of the SICOMINES project.
However, this report is disputed by the Chinese side.
In a press release published on February 17, 2023, SICOMINES challenged both the jurisdiction of the IGF, the procedure followed (in violation of SICOMINES law) and the content.
So the australian gov has finally got involved and sent sir Les paterson to interven on the behalf of share holders and the real people of the drc. Thank christ I can sleep ezy to night. Unless he starts fucking around with them shelas in kisashi.Is
Sir Les
that old mate on twitter that posted about philosophical arguments and spoke in riddles without properly explaining himself? For the life of me I can't remember his name...
Anyways, not sure if this is useful, it's late and CBF'd reading into it anymore tonight, but does anyone know if this is the same Jin Cheng, mentioned in the Panama Papers?
JIN CHENG MINING GROUP CO., LIMITED | ICIJ Offshore Leaks Database
Panama Papers Entity: JIN CHENG MINING GROUP CO., LIMITED
Registered in Samoa, I see...
Samoa is now blacklisted as a non-cooperative tax haven by Organisation for Economic Co-operation and Development (OECD) or Financial Action Task Force (FATF) in the revised EU list of the latest update of 04 October 2022.
Minimal reporting requirements. Reporting procedures are usually a headache issue for most business owners. However, registering an offshore company in Samoa will relieve you from annual reporting or auditing requirements.
High protection of company assets. Thanks to the maintenance of corporate anonymity, the tracking of the asset owners is difficult or even impossible. Therefore, the company can keep its assets safe from the creditors.
High level of corporate privacy. One of the main attractive factors of Samoa offshore company formation is its layered corporate confidentiality. The government doesn’t require companies to publicize names and personal information of shareholders, directors and managers. It also allows companies to use nominee services working on behalf of the companies to sign and appear on public documents.
CashKing
Regular
Click on that link and I get the below… WTF
Just in case anyone else didn’t want to click on it…. WTF
FilthyRich2
Regular
Here are the names of directors of the DRC Congo Battery Council
actualite.cd
Perhaps some forum members could enlighten them of the current situation, I am sure they are on social media as well
Doesn't seem that AVZ is represented yet, but that might change shortly we hope.
It might answer their question as to where will they get Lithium from
RDC : Makimba Mungomba et Dénis Lecouturier nommés PCA et DG du Conseil Congolais de la Batterie (CCB)
L'établissement public Conseil Congolais de la Batterie (CCB) vient d'être doté de ses animateurs après sa mise en place par décret du premier ministre Jean-Michel Sama Lukonde Kyenge.
Perhaps some forum members could enlighten them of the current situation, I am sure they are on social media as well
Doesn't seem that AVZ is represented yet, but that might change shortly we hope.
It might answer their question as to where will they get Lithium from
TDITD
Top 20
According to the said order, Makimba Mungomba Jérôme is the Chairman of the Board of Directors (PCA), Dénis Lecouturier will occupy the position of General Manager and Kakule Vuko Ndondo is the Deputy General Manager. Kanda Ntumba Jean-Marie, Zadio Ntior Muyimp Noël and Mulumba Mpandajila Thierry have been appointed as directors sitting on the board of directors of this public establishmentHere are the names of directors of the DRC Congo Battery Council
RDC : Makimba Mungomba et Dénis Lecouturier nommés PCA et DG du Conseil Congolais de la Batterie (CCB)
L'établissement public Conseil Congolais de la Batterie (CCB) vient d'être doté de ses animateurs après sa mise en place par décret du premier ministre Jean-Michel Sama Lukonde Kyenge.
Perhaps some forum members could enlighten them of the current situation, I am sure they are on social media as well
Doesn't seem that AVZ is represented yet, but that might change shortly we hope.
It might answer their question as to where will they get Lithium from
Bin59
Regular
As long as economic criminals are not behind the bar for the sale of our minerals, the DRC will never get out of the #Corruption #Manipulation #Escroquerie #Detournement A Republic of it is not me but it is the other who had signed. NB: Assume_ vs
The US Treasury has Executive Order 13818 which can impose penalties on corrupt Government officials in #RDC . Justice is coming... $AVZ
@Presidence_RDC @USEmbKinshasa
@USAmbDRC @USTreasury
@amoshochstein @State_E @KasongoKas
The US Treasury has Executive Order 13818 which can impose penalties on corrupt Government officials in #RDC . Justice is coming... $AVZ
How is it relevant to DRC as it is a US law?
Can any of you clevererer ladies or gents shed any light on this statement. Many thanks in advance.
How is it relevant to DRC as it is a US law?
Can any of you clevererer ladies or gents shed any light on this statement. Many thanks in advance.
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Bin59
Regular
“1. The United States intends to support DRC and Zambia in their development of a value chain for EV batteries in the DRC and Zambia in a manner consistent with applicable domestic laws and international best practices that facilitate the prevention, detection, and prosecution of corruption, as well as applicable obligations under the United Nations Convention against Corruption.”
United Nations
Office on Drugs and Crime
United Nations Convention against Corruption
The United Nations Convention against Corruption is the only legally binding universal anti-corruption instrument. The Convention's far-reaching approach and the mandatory character of many of its provisions make it a unique tool for developing a comprehensive response to a global problem. The Convention covers five main areas: preventive measures, criminalization and law enforcement, international cooperation, asset recovery, and technical assistance and information exchange. The Convention covers many different forms of corruption, such as bribery, trading in influence, abuse of functions, and various acts of corruption in the private sector. A highlight of the Convention is the inclusion of a specific chapter on asset recovery, aimed at returning assets to their rightful owners, including countries from which they had been taken illicitly. The vast majority of United Nations Member States are parties to the Convention. Read more»
United Nations Office on
cruiser51
Top 20
Executive Order 13818 simplified:
13818. The Global Magnitsky Act provides the executive branch with standing, global authority to impose targeted sanctions against specific persons, including in countries with which the United States otherwise shares important bilateral relations.
Samus
Top 20
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