AVZ Discussion 2022
- Thread starter GazDix
- Start date
cruiser51
Top 20
His post was time stamped about 5am WAST, or 10pm Kinshasa time.Hey Cruiser didn’t he say tomorrow at 11:00am (their time = 6:00ish tomorrow your time?)
Edit: so according to the below, around 4:00pm WA time tomorrow?
View attachment 32798
I thought tomorrow 11am would mean his next day 11am, or our time today 18pm.
Let's give him the benefit of the time doubt and get the fukkin popcorn out again and wait for another fukkin day.
A the end of the day what is one in 10 months?
China’s Tianqi Lithium, Ganfeng Lithium mull acquisition of Sigma’s Brazilian lithium mines
By Carol Zhong, Ling Yang, Jennifer Zhang, and Thiago Barrozo
Jiangxi, China-headquartered Ganfeng Lithium [SHE:002460], which is Hong Kong- and Shenzhen-listed, is separately also preparing to bid for the mines, according to the first two sources familiar.
State-owned Hong Kong-listed, Xiamen-based copper-and-gold miner Zijin Mining Group is also considering a bid, said the first source familiar.
However, it would be unlikely for three Chinese companies to formally all bid concurrently for the same asset, the source with knowledge said, noting that this is unofficially discouraged by Beijing authorities to prevent pushing up the asset price.
Tianqi expects to bid USD 4bn-USD 5bn, said one of the sources familiar. Sigma had a market cap of USD 3.5bn based on yesterday’s (16 March) closing price.
This newswire exclusively reported on 28 February (Debtwire, Mergermarket) that Tianqi Lithium is in talks with banks for an about USD 3bn loan to back a possible acquisition of lithium mines in Brazil, without identifying the target. The loan facility, as currently envisioned, would have a three-year maturity with a two-year extension option.
Backed by local private-equity firm A10 Investimentos, Sao Paulo-based Sigma owns the Grota do Cirilo project, which boasts the largest lithium hardrock deposit in the Americas, according to Sigma’s website.
Sigma has been sought after by Austin, Texas-based electric vehicle maker Tesla Inc earlier this year, according to an 18 February Bloomberg article.
The potential buyers are expected to submit a binding bid “soon”, the third source familiar said.
A10 Investimentos is open to selling the mines given that it is a financial investor with limited operational capabilities that “hit a gold mine”, said the second source familiar. The firm owns about 47% of Sigma, according to financial fillings.
Tianqi, Gangfeng and Zijin declined to comment. Sigma didn’t reply to a request for comment.
Acquisition loan
Chengdu-based, privately-owned Tianqi Lithium is in discussions with a mix of international and Chinese banks for the USD 3bn acquisition loan, though the size may be challenging for international banks, according to the first two sources familiar.
Privately-owned Ganfeng Lithium already has the support of a core group of Chinese banks, so it might not need to tap international lenders, according to the first source familiar.
As reported, Tianqi’s financing for its last large acquisition needed to be restructured more than two years ago because of a downturn in lithium prices, but the company quickly recovered and paid down the amended-and-extended facility.
That acquisition was in December 2018, of a 23.77% stake in Chilean lithium miner Sociedad Química y Minera de Chile(SQM) from Canadian fertilizer giant Nutrien for USD 4.06bn.
To fund that purchase, Tianqi raised USD 3.5bn in senior and mezzanine loan facilities arranged by China CITIC Bank, as reported. The added leverage followed by a prolong downtrend in in lithium prices pushed Tianqi into defaulting initially on an interest payment in March 2020, and then on the repayment of USD 1.884bn principal due in November that year.
Following the restructuring of the loan in December 2020, Tianqi took advantage of the improved lithium market to stabilize its operations and balance sheet, as well as to pay off the 2018 acquisition loan, in part via the USD 1.4bn sale of an Australian asset in July 2021.
Tianqi announced in July 2022 that it had fully paid off the then-remaining USD 1.129bn of the originally USD 3.5bn loan after raising about HKD 13.458bn (USD 1.7bn) from its Hong Kong initial public offering in the same month that year.
Then in October 2022, Tianqi closed a USD 400m three-year senior secured syndicated term loan partly used for the redemption of its USD 300m 3.75% notes due-November 2022, as reported. The loan size was reduced from an original target of USD 800m because Tianqi had raised ample cash through the IPO, as reported.
Sigma asset
Sigma’s Grota do Cirilo project, located in Brazil’s southeastern state of Minas Gerais, consists of nine previously producing lithium mines and 11 first-priority exploration targets, according to the company website.
The company announced on 13 February that the production of continuous sequential batches of crushed lithium material and completion of commissioning of the crushing circuit of its green-tech plant. It plans to kick-start commercial production in April and expects to start generating cash flow in 2Q23.
Sigma plans to produce 270,000 tons annually of battery grade lithium concentrate lithium in Production Phase 1 and expects to increase this volume to 766,000 tons during Production Phases 2 and 3, according to its website.
Frank
Top 20
Fight against corruption: a delegation from the US State Department in the DRC to encourage and support the efforts undertaken
The United States of America encourages and supports both national and private anti-corruption structures in the Democratic Republic of the Congo.
This is the consequence of the policy advocated both nationally and internationally by Joe Biden since taking office.
This clarification was provided by Richard Nephew, the State Department's Global Anti-Corruption Coordinator, during a press conference he hosted on Friday, March 17, 2023 at the residence of the US Ambassador. United States in Kinshasa.
On this occasion, the State Department's anti-corruption coordinator, accompanied by Shannon Green, USAID executive director in charge of the anti-corruption unit.
It should be noted that the visit of Richard Nephew and Shannon Green to Kinshasa comes before the DRC's participation in the second democracy summit to be held in Zambia on March 30.
Richard Nephew stressed that during the two days he had to spend in the Congolese capital, he had the opportunity to meet several personalities, both official and civil society, involved in the fight against corruption.
Together, they admitted that corruption prevents the establishment of democracy and diminishes the population's confidence in its leaders.
Because the resources engulfed in corruption could usefully serve the population by providing drinking water, building classes, social services, etc.
He noted that his country is doing its best so that the wealth of each country is not devoured by corruption, but benefits its people more.
In addition, Shannon Green welcomed the fact that in the United States, President Joe Biden has increased the fight against corruption at the national and international level.
She noted that this evil causes the waste of resources that should contribute to the development of a country.
To counter this scourge, his organization – which is USAID – has initiated, encouraged and participated in several meetings with the government, civil society or with the EITI (extractive industries transparency initiatives) since 2020. objective is to ensure that the resources are well managed and that they really benefit the population.
In this regard, she pointed out that several irregularities have been identified and corrected.
The current government has put in place some anti-corruption structures.
This is why USAID is happy to work in partnership with the Congolese government.
However, according to the two speakers, Congolese civil society accepts that the government is indeed fighting corruption, but not at the accelerated pace that it would have liked.
mediacongo
Kasaï: from the political transfer window to Tshikapa
Like a game of football, the market for political transfers is played well both in the provincial executive, in the deliberative body and in the political salons of the province of Kasaï.
As the end of his mandate approaches, after 4 years of slump and waste, without satisfactory results, provincial and national deputies, senators and provincial ministers cling around Félix-Antoine Tshisekedi Tshilombo, President of the Republic, for be absolved of their sins!
The political order of Kasai has collapsed, everyone is rocking.
Everyone now identifies with the Sacred Union and suddenly begins to sing the anthem of power "Fatshi Béton".
Everyone is trying in their own way to save themselves from the boat that is capsizing a few months before the elections, motivated by a single concern, to get back to business.
Alas!
This without embarrassment, "but politics being dynamic", they say.
Note: while Governor Dieudonné Pieme Tutokot, elected PPRD, has made a comeback to the Union for Democracy and Social Progress (UDPS), his mentor Senator Evariste Boshab has joined the USN with weapons and baggage.
For his part, the President of the Provincial Assembly Aloïs Mushitu Ngenge, Kabiliste since the AFDL chose the Union for the Congolese nation of Vital Kamerhe.
He was followed by provincial deputy Tshiyonga Funga Mutelo.
The strongest bloc in the Provincial Assembly broke up, each deputy went there with his party, AREP, AAC, etc.
Survival strategies around power.
Overnight, mostly PPRD, these provincial deputies, made deputies in office for the most part, not by a popular vote, but by caciques of the past regime, with the aim of continuously keeping the province of Kasaï under their influence, will.
Will they be washed into their new political family or will they go there with the same goals of continuing to keep the province in poverty?
The people are not fooled.
mediacongo
CashKing
Regular
Bin59
Regular
I see he’s looking at the AVZ file - he might have something to communicate soon after allWe’ll I hope he’s got more than that
.In my role as an entrepreneur before going to open the $AVZ file
Excellent week
BenGriffo
Regular
Just checked myself too
. Game on. Dare we dream…?
Samus
Top 20
Bin59
Regular
cruiser51
Top 20
Well that fucks Zijin's plan to acquire 70% of 13359 north for 15% of 13359 complete at its el-cheapo fraudulent illegal deal of US$33.5 million.
Next step ICC in a public display, hopefully followed by some heavy Zijin/China soul-searching.
Maybe this is William's news and the popcorn goes back into storage and the gin back on the table.
The DRC is like a woman, it changes all the fukkin time, never a dull moment. You gotta love it.
Fuck Zijin.
I hope I don't have to eat humble pie btw, I would hate that.
Winenut
GO AVZ!!!!
The mantle is awarded for eloquent and perfunctory use of an exceptional amount of expletives in a single profound and focused rant on a topical and relevant point on the AVZ threadHappy BirthdayAre you after the mantle ?
WTF IS HAPPENING
GLTAH
It is not awarded for being a complete fucking dick......
No disrespect there Cashy!
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Winenut
GO AVZ!!!!
CashKing
Regular
Lol Ohh I thought because Bags held it to begin with that was how it originated
Your last sentence would make complete sense if we did
…Bags being the OG of Mantles with gun pics of he’s nephew &
cunts out in toilets along with basically being a CUNT and 
admitting to being a CUNT etc…Ahh how time flys……
We have since passed it on a few times as he has become almost a saint
and very humble in passing it in to someone more full of piss and bad manners….I’m one of the lucky ones to have held the mantle for a day or two…
Forgive me CUNTS
GLTAH
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