AVZ Discussion 2022
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Samus
Top 20
That isn't going to play out so well for them at ICSID you'd imagineFor you Sam and @Frank…. I thought a few of us shareholders who posted AVZ’s story to official sponsors, banks and companies on various platforms ahead of the DRC MINING WEEK 2023 did a good job, and it was shortly after that we saw a major French mining company say it was pulling out of investing in the DRC because of the corruption.
Well you know me fella’s, I’ve already started putting my resources together ahead of THE VUKA GROUP’s next event…. The DRC - AFRICA BATTERY METALS FORUM 2023 event in September.
Here’s a little reminder of how the DRC government has shit on us over the last two years
"AVZ was invited by the DRC government to implement this agreement"
AVZ Minerals and DATHCOM since the genesis of the creation of the DRC Battery Council (DBC)?
In November 2021, AVZ Minerals represented by Nigel Ferguson Managing Director of AVZ, Balthazar Tshiseke Deputy Managing Director and Director of Dathcom, including Serge NganduGeneralAffairs Director of AVZ's Dathcom Mining subsidiary, was part of the Africa Business Forum. It was in particular in the presence of SE the Head of State, Felix Antoine Tshisekedi Tshilombo and his Zambian counterpart, SE Hakainde Hichilema.
The forum was led by the Minister of Industry, Julien Paluku in the presence of other members of the Congolese and Zambian government, including Mrs. Ève Bazaiba Masudi Deputy Prime Minister, Minister of the Environment and Sustainable Development, Mrs. Antoinette Nsamba Kalamba Kalambayi Minister of Mines.
The objective of the forum was to promote the development of an industrial value chain and a battery market, in the DRC in particular and in Africa in general.
Here is the statement of Nigel Ferguson, Managing Director of AVZ Minerals at this Forum in Kinshasa:
"The signing of this commitment provides a solid platform for the development of a battery mineral industry in the DRC, which AVZ wholeheartedly supports, and is also an incredibly significant development as we enter the final stages of obtaining the mining license and permits for the Manono project. The DRC and Africa are strategically positioned to play a central role in the global transition to clean energy and de-carbonization and the Manono project will greatly contribute to improving the lot of the Congolese people, which AVZ Minerals unreservedly supports. ”
At the end of this forum, the Congolese government as well as the technical and financial partners; CEA, AFC and BADEA signed an agreement for the development of a battery industry in the DRC.
Subsequently, AVZ was invited by the Congolese government to implement this agreement signed at the Africa Business Forum:
"We are delighted to be the only mining company in the making to have been invited to join the new DRC Battery Council, which will be chaired by the President of the DRC and the Executive Secretary of the United Nations Economic Commission for Africa, as well as a myriad of other important organizations. "said Nigel Ferguson CEO of AVZ Minerals.
A roadmap in particular was agreed at the Africa Business Forum, which will consist of a public and private partnership to support the Congolese government for the implementation of the industrial value chain of Manono lithium batteries.
The Forum had as its objective, in particular, the planning for the creation of a Battery Council in the Democratic Republic of the Congo (DBC) and the construction of an EZ (Special Economic Zone) between Greater Katanga and Zambia for the realization of an industrial supply chain of sustainable mineral batteries based on Manono lithium.
Here are the members and composition of the DRC Battery Council (DBC): Steering Committee: The President of the DRC and the Executive Secretary of the ECA, as well as eminent businessmen.
Members: Afreximbank, AFC, AfDB, BADEA, ALSF, UN Global Compact, selected NGOs.
Public: Ministers of Industry, Mining, Economy, Environment, Science and Technology of the DRC.
Private: Chairman of the Board of Directors of Gecamines; AVZ Minerals; Federation of Congo Enterprises (FEC); African Association of Automobile Manufacturers; Saudi Arabia Public Investment Fund; Bosch.
University: Steinbeis University- Berlin; University of Lubumbashi (Polytechnic); University of Zambia (UNZA); University of Witwatersrand (SA); University of Mines and Technology (Ghana).
AVZ Minerals et DATHCOM dès la genèse de la création du Conseil de la Batterie de la RD Congo (DBC) ? - Kongo Presse
Par Kiki Kienge En novembre 2021, AVZ Minerals représenté par Nigel Ferguson Directeur Général d’AVZ, Balthazar Tshiseke Directeur Général Adjoint et Directeur de Dathcom, notamment de Serge Ngandu Directeur des…kongopress.com
I'm sure there is a legal term for that
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Cumquat Cap
Regular
They will get smashed and embarrassed at ICSID, so much pointed evidence I feel like myself and MB could represent and still win. Word is Felix, MoM and Vital know this so lets see what sort of negotiated settlement pops up. Nigel and the team cannot be happy submitting depressing market updates for months on end surely
Samus
Top 20
DRC: Jules Alingete invites Congolese to become whistleblowers of economic crimes
Posted on Mon, 26/06/2023 - 05:43 | Modified on Mon, 26/06/2023 - 05:43
Jules Alingete Key, Inspector General of Finance, Head of Department. Photo Third party rights.
Jules Alingete, Inspector General of Finance, Head of Service, invites, in a press release, all Congolese to denounce economic crimes at all levels in the Democratic Republic of Congo. He launched this invitation in a press release published on Sunday, June 25, on the sidelines of the international day of whistleblowers, indicates a dispatch from the Congolese Press Agency.
" I call on all Congolese to become whistleblowers of economic crimes at all levels and to consider embezzlers as thieves in the same way as those who put their hands in the bags of others at the large market in Kinshasa", indicated the Inspector General of Finance, Jules Alingete.
He thanks the whistleblowers, whistleblowers and anonymous advisors who have revealed facts which, after investigation, have avoided economic disasters in the country.
“ Here at home, the embezzlers allow themselves to speak, when they have the opportunity to have acquittals I don't know how. Stop saying diversion. It's a very polite term. They should be called thieves, criminals. They mortgage the life of an entire nation. There is no correlation between corruption and development. The fight against anti-values is everyone's business ,” said Jules Alingete.
He asked them to combine patriotism with discretion in the face of criminal networks that are ready for anything.
“ For you, the objective is that the anti-values can be eradicated, that there is good governance and that the country can move forward. It should be done as discreetly as possible. We have reward mechanisms, through what we call the Secret Research Fund. But we don't want these rewards to come before patriotism. The priority is your concern to see your country move forward ,” urged Jules Alingete.
RDC : Jules Alingete invite les Congolais à devenir des dénonciateurs des crimes économiques
Jules Alingete, inspecteur général des Finances, chef de service, invite, dans un communiqué, tous les Congolais à dénoncer des crimes économiques à tous les niveaux, en République démocratique du Congo. Il lance cette invitation dans un communiqué publié le dimanche 25 juin, en marge de la...
www.radiookapi.net
Surely Nigel would like to have something sorted before the AGM . In the mean time we have the Cath extension to look forward to . imo
Frank
Top 20
*Fyi, I see where,Summit for a new global financial pact in Paris: during a round table organized by the AfDB, Prime Minister Jean-Michel Sama Lukonde calls for more investment in the DRC, particularly in the energy sector
June 22, 2023 by COMMUNICATION CELL in NEWS
On the sidelines of the summit for a new global financial pact, which opened this Thursday, June 22, 2023, in Paris, capital of the French Republic, Prime Minister Jean-Michel Sama Lukonde took part in a presidential round table on the alliance for green infrastructure in Africa, “AGIA”, at the Palais Brongniart, organized by the African Development Bank (AfDB).
On behalf of the President of the Republic, Félix-Antoine Tshisekedi Tshilombo, Prime Minister Jean-Michel Sama Lukonde not only presented the opportunities offered by the Democratic Republic of Congo as a solution country on climate issues but also and above all, he called for more investment in the DRC, particularly in the energy sector, notably the INGA project.
“We want that alongside this structuring that you have made in terms of project support, we have more investors. Inga is a major integrating project. Initially we wanted a request of 13 billion. Today, the first sentence could ask for 7 billion. And so, we have private investors on the side, who can support us, so that we have the alternative in terms of energy for our populations. Who says energy, says water for these populations. And who says energy, says industries, agriculture, processing at the local level to improve the value chain, especially since we are involved in our role as a solution country, with minerals in the energy transition, in the manufacture of electric batteries. So there are high expectations on this side.
It should also be noted that "AGIA" is a coherent, inclusive and practical solution to accelerate the achievement of the net zero emissions objective. The objective of the alliance is to mobilize 10 billion dollars from the private sectors to finance green infrastructure in Africa.
The AfDB intends to raise $500 million for project preparation and development, which will catalyze targeted private investment of up to $10 billion for green and resilient infrastructure in Africa.
I wonder how easy people will give money to a fraudulent government of which JMS Lukonde is the PM!
The guy on the far right is the president of the Afr. Development Bank
The Central Bank of Congo issues a treasury bond of 100 million USD
The government of the Democratic Republic of Congo has opened a Treasury bond market at the local financial level of nearly 100 million US dollars as a loan, read in the press release from the Ministry of Finance received on Saturday at the ACP.
“The government, through the Ministry of Finance, has opened up 100 million US dollars to the financial market.
To this end, bidders interested in this operation for the benefit of the Public Treasury are requested to present themselves at the headquarters of the Central Bank of Congo (BCC) on Tuesday, June 27, 2023 before 11 a.m. local time”, we read in the statement from the Ministry of Finance received Saturday at the ACP.
According to this press release, any subscription made after the time indicated will be rejected, specifying that this market has a duration of 2 years, with an interest rate of 10% per year.
The redemption date is set for Friday, July 27, 2025.
A Treasury bond is a debt security issued by the State and repayable at maturity.
In the Democratic Republic of Congo, it is the government that issues these debt securities through the channel of the Public Treasury.
When an economic operator or an individual buys a Treasury Bond, he lends money to the State and becomes, in a way, its creditor.
100% guaranteed by the government that issues it, the Treasury Bond is one of the safest investments on the money market.
mediacongo
Food for thought
Frank
Need to start a book on which one of the elites will steal the money. My money is on the green abola. And what poor bastard is going to buy it.*Fyi, I see where,
The Central Bank of Congo issues a treasury bond of 100 million USD
The government of the Democratic Republic of Congo has opened a Treasury bond market at the local financial level of nearly 100 million US dollars as a loan, read in the press release from the Ministry of Finance received on Saturday at the ACP.
“The government, through the Ministry of Finance, has opened up 100 million US dollars to the financial market.
To this end, bidders interested in this operation for the benefit of the Public Treasury are requested to present themselves at the headquarters of the Central Bank of Congo (BCC) on Tuesday, June 27, 2023 before 11 a.m. local time”, we read in the statement from the Ministry of Finance received Saturday at the ACP.
According to this press release, any subscription made after the time indicated will be rejected, specifying that this market has a duration of 2 years, with an interest rate of 10% per year.
The redemption date is set for Friday, July 27, 2025.
A Treasury bond is a debt security issued by the State and repayable at maturity.
In the Democratic Republic of Congo, it is the government that issues these debt securities through the channel of the Public Treasury.
When an economic operator or an individual buys a Treasury Bond, he lends money to the State and becomes, in a way, its creditor.
100% guaranteed by the government that issues it, the Treasury Bond is one of the safest investments on the money market.
mediacongo
Food for thought
Frank
Because i'm driving in Java 10hrs , 300 klms to see my family the roads are far from quiet then back to work in Sydney in 2 weeks because of this shit fight
Retrobyte
Hates a beer
Cumquat Cap
Regular
If you make the wrong decision to no longer invest in the DRC, it is a monumental mistake! In business you have to recognize your mistakes, correct and start over or continue! A wise man said: ´´ better a bad deal than a good trial ´´... Do you know?
Who wrote this? Tweet deleted so cannot see?
Samus
Top 20
Cumquat Cap
Regular
haha fuck what a clown
TDITD
Top 20
Oh dear, is that a sizable slice of regret in that tweet. What a fucking shame!!!!
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Sparrowhawk12
Regular
I think CKK speaks an element of truth amidst his spin, promoting himself as being in the know. DRC Gov must want a deal with AVZ to drop ICSID and ICC cases and DRC probs want the deal done soon - clear air before the election. Sooner is better for us. Who knows what shit we'll get if resolution is beyond the election? Did he have to delete tweet because of the element of truth? IMO. Br Sparrowhawk12
Xerof
Flaming 1967
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