I imagine they still think there's a reasonable chance of pressuring the government to strip our licence through various underhand strategies, which they can then swoop in themselves with enough promises of infrastructure, brown bags, and greater ownership weighting for DRC. Until that chance is gone I can't see them spending 4b$ on something they may be able to get a hold of anyway
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Frank
Top 20
Biden’s Groundbreaking E.P.A. Proposal Set to Skyrocket EV Sales and Ignite a Battery Metals Bonanza
Introduction: Groundbreaking Auto Pollution Limits
In a bid to combat climate change and drastically reduce greenhouse gas emissions, the Biden administration is planning to implement some of the most stringent auto pollution limits in the world.The proposed Environmental Protection Agency (E.P.A.) legislation aims to ensure that all-electric cars account for as much as 67% of new passenger vehicles sold in the United States by 2032, marking a significant increase from the mere 5.8% of vehicles sold last year.
This ambitious proposal would not only exceed President Biden’s earlier goal of having all-electric cars account for half of those sold in the country by 2030 but also make the United States a global leader in the fight against climate change.
Impact on EV Market and Infrastructure
This groundbreaking legislation will have far-reaching effects on the electric vehicle (EV) market and battery metals industry.The rapid adoption of electric vehicles would require a massive overhaul of infrastructure, including the construction of millions of new EV charging stations, an upgrade of electric grids to accommodate the power needs of those chargers, and securing supplies of minerals and other materials needed for batteries.
Investment Challenges in Mining and Refining
Critical minerals such as lithium, nickel, and graphite are essential for the energy transition, and massive investments in mining and refining are needed to meet the growing demand.Tesla’s Master Plan estimates a total investment of $3.4 trillion for mining, refining, chemicals, battery production, and Gigafactories, with lithium and graphite requiring the most significant capital expenditures (capex).
However, raising funds for mines remains more challenging than funding Gigafactories, despite both being crucial for the transition.
Balancing the Supply Chain: Addressing the Gigafactory and Mining Investment Discrepancy
The process of building a mine takes approximately ten years, compared to just two years for a Gigafactory.This discrepancy highlights the need for a more synchronized upstream and downstream supply chain in the face of rapidly increasing demand for electric vehicles.
Conclusion The Path to a Cleaner, Sustainable Future
In conclusion, while the Biden administration’s E.P.A. proposal is set to significantly boost EV sales and ignite a battery metals bonanza, it is crucial to address the challenges and imbalances in the supply chain.By addressing these challenges and fostering a more balanced investment landscape, the United States can lead the global transition to a cleaner, more sustainable future.
Indonesia to propose limited free trade deal with US on critical minerals
Indonesia will propose a free trade agreement for some minerals shipped to the United States so that companies in the electric vehicle battery supply chain operating in the country can benefit from US tax credits, a senior minister said on Monday.
Washington has issued a new guidance for EV tax credits under the Inflation Reduction Act (IRA), requiring a certain value of battery components to be produced or assembled in North America or a free trade partner.
The rules are aimed at weaning the United States off dependence on China for the development of its EV battery supply chain.
Indonesia does not have a free trade agreement with the United States, but its nickel products have increasingly become important in the supply chain.
The Southeast Asian country has been trying to leverage its nickel reserves, the world’s biggest, to attract investment from battery and EV makers, including US companies such as Tesla and Ford.
Asked about the new IRA guidelines, Indonesian minister Luhut Pandjaitan, who has been spearheading efforts to attract US companies, told a news conference Jakarta will propose a limited free trade agreement (FTA) with Washington.
“We do not have an FTA with them. Now we’re proposing a limited FTA with them,” Luhut said, adding that he would meet with Ford and Tesla executives to discuss the matter when he travels to the United States later this week.
Luhut’s deputy, Septian Hario Seto, said the FTA proposal, which was still at an early stage, will likely be similar to the one the United States has signed with Japan for the critical mineral trade.
The United States and Japan in March agreed on a swiftly negotiated trade deal on EV battery minerals, including lithium, nickel, cobalt, graphite and manganese.
“It’s the same in essence, that for critical minerals there will be free trade with requirements on processing, such as for nickel, aluminium, cobalt, copper,” he said.
Since Indonesia banned exports of nickel ore in 2020, many Chinese companies invested in refining facilities, including high pressure acid leach (HPAL) plants, that produce mixed hydroxide precipitate, a material extracted from nickel ore used in EV batteries.
Last month, Ford signed an agreement with an Indonesian unit of Brazilian nickel miner Vale and China’s Zhejiang Huayou Cobalt to partner in a $4.5 billion HPAL plant in Indonesia’s Sulawesi island.
Luhut led an Indonesian delegate last week on a trip to China to promote investment opportunities.
Seto said officials will hold talks with Chinese EV company BYD Group in May on potential investment. He declined to comment on the progress of talks with Tesla, citing a non-disclosure agreement.
mining.com
Food for thought
Frank
cruiser51
Top 20
Franck Fwamba
@FranckFwamba
·
Apr 1
Replying to
@CybelleKamba
The 15% of Cominiere sold to Zijin with the authorization of Mrs. Kayinda were undervalued as stated
@ALINGETEJULES_K
@IgfRdc
in its report on Cominiere because the true value of the said shares had to be determined by the Feasibility Study
@AvzMinerals
.
Democratic Republic of Congo
Call 041031202
Kinshasa, 18 FEv
Ministry of Portfolio
The Minister
N/Ref.: N°255.../MINPF/VB/JRB /CK/2020
Copy sent for information to
Mr. CEO of COMINIERE SA
especially/Gombe
Subject: From the Joint Venture AVZ Minerals-COMINIERE SA for the Manono project - Acknowledgment of receipt
I acknowledge receipt of your unreferenced letter of January 03, 2020, relating to the subject mentioned above, the content of which caught my particular attention and
thank you for it.
provides the following details:
I take good note of all the points raised there, and you
Your request to purchase an additional percentage of the shareholding cannot, at the current stage, receive a favorable response. On the other hand, I ask you to speed up the work of the feasibility studies for the certification of the mining reserves;
With regard to the appointment of the Directors of COMINIERE, to DATHCOM, I will send you a letter relating thereto after analysis of the elements at my disposal;
The question of the final payment of the door step to COMINIERE will have to be the subject of a working session, with your Company, in Kinshasa towards the end of February 2020.
the expression of my highest consideration.
Please
accredit,
Monsieur the
Teacher. Clément KUETE NYIMI BEMUNA
No. 707 Avenue Wagenia - Municipality of Gombe - Tel. +243 12 51 00 592/+243 82 99 42 434- E-mail: minportefeuille 2007@yahoo.fr
@daniel_ikoli
Replying to
@FranckFwamba
How did Ms. Kayinda ignore this note from the Ministry of Mines? I am scandalized by her act, she had all the data in her possession to block this transfer of assets!
Franck Fwamba
Mrs. Kayinda is among those bad Congolese and Katangese who are destroying Katanga to undermine the image of President Tshisekedi in Katanga. What is it doing to raise the public mining companies that are in Katanga: Cominiere, Sodimico, Kisenge Manganese as guardianship
@FranckFwamba
·
Apr 1
Replying to
@CybelleKamba
The 15% of Cominiere sold to Zijin with the authorization of Mrs. Kayinda were undervalued as stated
@ALINGETEJULES_K
@IgfRdc
in its report on Cominiere because the true value of the said shares had to be determined by the Feasibility Study
@AvzMinerals
.
Democratic Republic of Congo
Call 041031202
Kinshasa, 18 FEv
Ministry of Portfolio
The Minister
N/Ref.: N°255.../MINPF/VB/JRB /CK/2020
Copy sent for information to
Mr. CEO of COMINIERE SA
especially/Gombe
Subject: From the Joint Venture AVZ Minerals-COMINIERE SA for the Manono project - Acknowledgment of receipt
I acknowledge receipt of your unreferenced letter of January 03, 2020, relating to the subject mentioned above, the content of which caught my particular attention and
thank you for it.
provides the following details:
I take good note of all the points raised there, and you
Your request to purchase an additional percentage of the shareholding cannot, at the current stage, receive a favorable response. On the other hand, I ask you to speed up the work of the feasibility studies for the certification of the mining reserves;
With regard to the appointment of the Directors of COMINIERE, to DATHCOM, I will send you a letter relating thereto after analysis of the elements at my disposal;
The question of the final payment of the door step to COMINIERE will have to be the subject of a working session, with your Company, in Kinshasa towards the end of February 2020.
the expression of my highest consideration.
Please
accredit,
Monsieur the
Teacher. Clément KUETE NYIMI BEMUNA
No. 707 Avenue Wagenia - Municipality of Gombe - Tel. +243 12 51 00 592/+243 82 99 42 434- E-mail: minportefeuille 2007@yahoo.fr
@daniel_ikoli
Replying to
@FranckFwamba
How did Ms. Kayinda ignore this note from the Ministry of Mines? I am scandalized by her act, she had all the data in her possession to block this transfer of assets!
Franck Fwamba
Mrs. Kayinda is among those bad Congolese and Katangese who are destroying Katanga to undermine the image of President Tshisekedi in Katanga. What is it doing to raise the public mining companies that are in Katanga: Cominiere, Sodimico, Kisenge Manganese as guardianship
Carlos Danger
Top 20
Agree . Zijin have always wanted control . The 15% is just Bull Sh1t side story / distraction . How serious is the MoM about getting this sorted ASAP is my question . Already over 2 months since it was a "matter of urgency ." If it gets too prickly will she drag it out ? Use the Chinese play book ?
Carlos Danger
Top 20
The MoM was hoping Nigel would fold after her raise. Instead he has gone all in. The MoM can't afford to see the river imo
"The MoM can't afford to see the river ."
Sorry could you please explain what this means? English is my second language. Thank you
Remark
Top 20
River poker
The river is the last of the community cards dealt in a game, both in poker tournaments and cash games. It's also known as fifth street, as it's the fifth and final of the five community cards. Most importantly, the river often makes or breaks a hand and decides the outcome of a showdown.
Not for me.
Yanks and other westerners want this bad.
If we've got ML etc, etc then they'll be sniffing big style. Would be amazed if they're not already.
So then it's $10, but yeah US$10
Bray
Regular
Doubt the DRC even has 20 billion, they could have that and more though.. if they pulled their fucking heads out of their asses and did the right thing by their people and AVZ
I like all these gambling terms the only problem is he's gambling with my fucken money.
Carlos Danger
Top 20
Unfortunately can't walk away.
Carlos Danger
Top 20
I've consistently said we should be trading since I started posting here. But this situation is a good reminder never to invest / bet more than you can afford to lose.
My initial capital exposure here is a touch over 15k. Won't change my life in the slightest if I don't get it back. However if Nigel wins the hand I'll probably never have to work again.
Mate you were always of the belief Roche Dure was in the bag and the dispute over the North was the hold up . What's your take on things now ?
9cardomaha
Regular
9 Card omaha doesn't even need to get to the river to have a flush in hand.... might they be playing my game?
Carlos Danger
Top 20
I don't think I ever said RD was in the bag. It was only in the bag if we allowed Zijin in Dathcom or gave up the north. The hold up on RD was always Mupande and the surface rights games that the partition allowed him to play.
My take now is that Cominiere have signed the offer from Zijin and the MoM is trying to bully AVZ into accepting one of the outcomes by forcing us to negotiate with them. Nigel's response has been to call bullshit in his letter and work with the NGO's and officials in Manono to show that Cominiere are absolute fucking morons.
If we don't play her games then the MoM will be forced to issue us the PE for all of 13359 or take it all off us. The DRC won't risk pissing off the gringos and this becoming a case study in why not to invest there while they are currently begging for western investors imo
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Cheers Mate . So Nigel has effectively backed these mother f--kers into a corner and the world is watching .
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