AVZ Discussion 2022
- Thread starter GazDix
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Nudedomas59
Member
Was a good show. Didnt mind Amyl & the Sniffers also. Cheers
Jeez did they really need to mention china in the building of those railway lines
Frank
Top 20
Tshisekedi at the time of the balance sheet
Eight months before the elections, a poll has looked at the opinion that the Congolese have of the action of the president and his government.
Nearly 60% of respondents believe that “the country is going in the Expectations were high… disappointment too.
The arrival at the head of the country of the opponent Félix Tshisekedi, under disputed conditions, had raised many hopes.
It must be said that after 17 years of undivided power by Joseph Kabila, the Democratic Republic of Congo (DRC) had still not taken off economically, and the daily life of the Congolese had never improved.
Felix Tshisekedi had promised to tackle unemployment, poverty, corruption, lack of infrastructure and endemic insecurity in the east of the country.
A little over four years later, the balance sheet is very thin, and disappointment is in sight.
Too many promises
The survey carried out by the Congo Study Group (GEC), Ebuteli and the Berci research office (1) indicates that 57.16% of Congolese questioned consider that "things are going in the wrong direction".
According to Jacques Mukena, researcher for Ebuteli, "The five-year term of the Head of State began with ambitious projects promising to change the daily lives of the population in record time: 100-day projects, sanitation programs, new planes for Congo Airways, etc
Today, corruption, mismanagement, lack of planning or political will hinder the fulfillment of these promises”.
Tshisekedi still strong in the Kasai
In a tense pre-election context, where the presidential election is theoretically scheduled for December 20 if the security situation improves in the east, confidence in President Tshisekedi remains strong in his Kasai stronghold.
The satisfaction rate is very high in Kasaï (95.24%), Kasaï-Oriental (86.34%), and Lomami (70.16%), which is not the case in the provinces of Haut-Katanga (26.61%), Haut-Lomami (13.10%), Maniema (8.54%), Bas-Uele (6.90%) and Kwilu (0.86%).
Promises that "did not change anything".
The opinion poll also notes that the Congolese can only count on themselves to improve the situation in the country, at nearly 58%.
“For the same question, 19.55% of the opinion consulted believe that divine intervention is necessary” notes the survey.
Despite the multiple development programs (100 days program, Tshilejelu project, 145 territories program, etc.), 54.35% of the Congolese interviewed say that these promises "have not changed anything", and 27.45%, that the situation "has gotten worse".
The IGF saves honor
"No public service gives satisfaction" also believe the respondents.
Only 39.23% of respondents believe that the education sector “works well”.
“The lowest satisfaction rates are recorded for sanitation (2.75%), public transport (5.31%) and security (9.53%)”.
One institution still finds favor in the eyes of the population, it is the General Inspectorate of Finance (IGF).
55.50% of Congolese believe that the IGF "is the only institution that invests in the fight against corruption".
But there is a major downside, since 55.75% of respondents find that the level of corruption "has not changed in the last 6 months".
And 21.39% of Congolese believe that the situation has deteriorated.
Falling popularity
The government concentrates most of the disappointment of the respondents, since 65.12% of the opinion say they are "dissatisfied with the results of the Sama Lukonde government".
In turn, President Félix Tshisekedi's popularity rating has continued to fall since he came to power in early 2019.
The Head of State went from 63% favorable opinion in March 2019 to 35.66% in January 2023… his lowest score since his enthronement.
Inflation, endemic corruption, the war in the east which was reactivated with the return of the M23, and a daily life which is not improving, explain this low rate of satisfaction.
It remains to be seen what impact this discontent will have on the next elections?
But the Congolese are above all pragmatic and realistic.
A majority of respondents believe, in fact, that by December 2023, "the Head of State will not fulfill his 2018 electoral promises"... and that there will therefore be no miracle.
mediacongo
Eight months before the elections, a poll has looked at the opinion that the Congolese have of the action of the president and his government.
Nearly 60% of respondents believe that “the country is going in the Expectations were high… disappointment too.
The arrival at the head of the country of the opponent Félix Tshisekedi, under disputed conditions, had raised many hopes.
It must be said that after 17 years of undivided power by Joseph Kabila, the Democratic Republic of Congo (DRC) had still not taken off economically, and the daily life of the Congolese had never improved.
Felix Tshisekedi had promised to tackle unemployment, poverty, corruption, lack of infrastructure and endemic insecurity in the east of the country.
A little over four years later, the balance sheet is very thin, and disappointment is in sight.
Too many promises
The survey carried out by the Congo Study Group (GEC), Ebuteli and the Berci research office (1) indicates that 57.16% of Congolese questioned consider that "things are going in the wrong direction".
According to Jacques Mukena, researcher for Ebuteli, "The five-year term of the Head of State began with ambitious projects promising to change the daily lives of the population in record time: 100-day projects, sanitation programs, new planes for Congo Airways, etc
Today, corruption, mismanagement, lack of planning or political will hinder the fulfillment of these promises”.
Tshisekedi still strong in the Kasai
In a tense pre-election context, where the presidential election is theoretically scheduled for December 20 if the security situation improves in the east, confidence in President Tshisekedi remains strong in his Kasai stronghold.
The satisfaction rate is very high in Kasaï (95.24%), Kasaï-Oriental (86.34%), and Lomami (70.16%), which is not the case in the provinces of Haut-Katanga (26.61%), Haut-Lomami (13.10%), Maniema (8.54%), Bas-Uele (6.90%) and Kwilu (0.86%).
Promises that "did not change anything".
The opinion poll also notes that the Congolese can only count on themselves to improve the situation in the country, at nearly 58%.
“For the same question, 19.55% of the opinion consulted believe that divine intervention is necessary” notes the survey.
Despite the multiple development programs (100 days program, Tshilejelu project, 145 territories program, etc.), 54.35% of the Congolese interviewed say that these promises "have not changed anything", and 27.45%, that the situation "has gotten worse".
The IGF saves honor
"No public service gives satisfaction" also believe the respondents.
Only 39.23% of respondents believe that the education sector “works well”.
“The lowest satisfaction rates are recorded for sanitation (2.75%), public transport (5.31%) and security (9.53%)”.
One institution still finds favor in the eyes of the population, it is the General Inspectorate of Finance (IGF).
55.50% of Congolese believe that the IGF "is the only institution that invests in the fight against corruption".
But there is a major downside, since 55.75% of respondents find that the level of corruption "has not changed in the last 6 months".
And 21.39% of Congolese believe that the situation has deteriorated.
Falling popularity
The government concentrates most of the disappointment of the respondents, since 65.12% of the opinion say they are "dissatisfied with the results of the Sama Lukonde government".
In turn, President Félix Tshisekedi's popularity rating has continued to fall since he came to power in early 2019.
The Head of State went from 63% favorable opinion in March 2019 to 35.66% in January 2023… his lowest score since his enthronement.
Inflation, endemic corruption, the war in the east which was reactivated with the return of the M23, and a daily life which is not improving, explain this low rate of satisfaction.
It remains to be seen what impact this discontent will have on the next elections?
But the Congolese are above all pragmatic and realistic.
A majority of respondents believe, in fact, that by December 2023, "the Head of State will not fulfill his 2018 electoral promises"... and that there will therefore be no miracle.
mediacongo
Yeah I did notice that, it still seemed very odd to mention china in the building of the other railways.
I don't know about the quality of the build but if it was good then it will just lead people to think 'hey let's get them to help build it'. (Funding from the adf)
Frank
Top 20
Management of companies in the State portfolio: "The IGF financial patrol will always watch to block the way to anti-values", warns Jules Alingete
The Inspector General and Head of Services of the IGF, Mr. Jules Alingete, is aware of the role that his structure is called upon to play in the DRC to give another connotation to the Tshisekedi regime, especially in terms of good governance.
This is why he spares no effort to prevent and denounce any act tending to squander public money.
It is a noble mission that the IGF has been actively carrying out since the arrival of Jules Alingete and which continues unabated even if it is established that the predators have not completely given up their bad habits.
In view of this complex outline, the Inspector General of the IGF warns the following through a message on his Twitter account:
*State Enterprises will never be subject to any kind of predation.
The Financial Patrol of the IGF will always ensure to block the road to anti-values in order to realize the vision of the President of the Republic, Head of State, for the financial recovery of these public entities, end of quote.
The Inspector General and Head of Services of the IGF, Mr. Jules Alingete, is aware of the role that his structure is called upon to play in the DRC to give another connotation to the Tshisekedi regime, especially in terms of good governance.
This is why he spares no effort to prevent and denounce any act tending to squander public money.
It is a noble mission that the IGF has been actively carrying out since the arrival of Jules Alingete and which continues unabated even if it is established that the predators have not completely given up their bad habits.
In view of this complex outline, the Inspector General of the IGF warns the following through a message on his Twitter account:
*State Enterprises will never be subject to any kind of predation.
The Financial Patrol of the IGF will always ensure to block the road to anti-values in order to realize the vision of the President of the Republic, Head of State, for the financial recovery of these public entities, end of quote.
In the case of Canada's First Quantum Minerals , their Copper project (drc) was ripped off them and handed to Zijin .Agree on:
- FT number 1 priority
- purpose of trip to China
- DRC fucking us around.
It is a possibility that this has to go the way of Sundance resources and AVZ seek compensation from DRC. I really hope it does not happen. I have been searching around for examples where companies who have been stripped of resources in corrupt jurisdictions have sought compensation.
ASX miners demand Congo pay billions in compensation
ASX-listed Equatorial Resources has filed a $1.6 billion claim, while Sundance Resources is seeking up to $8.5 billion from the government.www.afr.com
ENRC pays $1.25bn to settle dispute over Congo mining deal
First Quantum to be paid for its share in Kolwezi project and two other DRC mines in return for dropping legal claimswww.theguardian.com
Does anyone have any good examples where large payouts have happened?
What sort of time frame would we be looking at? 5 years?
Equatorial Minerals project is in the Republic Congo but still the same sh1t .
"A campaign by the government to dispossess foreign mining companies of their iron-ore interest in Congo in favour of granting them to a Chinese-linked companies."
It's cheaper for these scumbags to steal projects and be sued than pay to take over projects legitimately .
Hi Wombat
According to Perplexity.AI, the reason for the revocation of First Quantum Minerals' (FQM) DRC license was a dispute over renegotiating the contract with the DRC government. The government revoked its license in August 2009, which led to FQM suspending operations at its Frontier mine.
FQM took the matter to international arbitration, including the government's sale of the asset to a company controlled by Israeli mining entrepreneur Dan Gertler, who later sold it to Eurasian Natural Resources Corp (ENRC).
FQM then launched $2 billion in legal claims against ENRC, accusing the company of plotting with the government to expropriate the project. The dispute was settled in January 2012 for $1.25 billion.
Prior to the dispute, FQM spent US$750m on aquiring and developing the property. In 2010 the copper mine produced 322,700 tonnes of copper concentrate. If you subtract FQM's sunk costs from the settlement amount = $US500m compensation for lost future production and revenue.
Just substitute Zijin for ENRC, and it's groundhog day. However, Zijin and the DRC government better have deep deep pockets because Manono is worth an eye-watering amount.
Cheers
F
Cheers . "Renegotiating the contract ." Zijin now hold 72 % of that copper project. (cu grade over 4% ). There's always the middle guy who's job is to hand ball to the intended recipient (The Chinese ). A certain German c--t comes to mind . Zijin want total control of Manono . If there is a reasonable offer $$ on the table for AVZ to move on Nigel should consider it IMO .
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Classic Chinese playbook.
Yup, in the end this looks like being a negotiated settlement.
Cheers
F
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