Considering that the DRC and Zambia, bordering states, have more than 70% of the world’s cobalt reserves, it is inevitably good that the two states harmonize their development policies and strategies in certain growth sectors, in this case , mining and industry for WIN-WIN cooperation.This was a major meeting to harmonize views between the Republic of Zambia and the Democratic Republic of Congo, following the DRC-AFRICA Business forum, organized in November 2021 in Kinshasa by the Ministry of Industry. in the presence of several Heads of State and governments, including that of Zambia. As we can guess, this historic moment was an unprecedented opportunity that paved the way for this saving and transforming initiative for the African continent.
Equally, it will also be a question of creating a harmonized legislative and regulatory framework as well as a system of incentives common to the two States, for a business environment conducive to the development of the value chain and the flourishing economic microcosm.Therefore, Zambia and the DRC agree to set up a common governance framework, called the DRC and Zambia Battery Council (DRC-ZAMBIA Battery Council), whose Executive Committee will be composed of two Heads of State. , the Deputy Secretary General of the African Economic Community for the United Nations, as well as the President of Afrexim Bank, as a financial partner. This governance body will have a Technical Committee in charge of monitoring and evaluating the initiative.
I found the original photo.. they photoshopped NF out.Battery Metals DRC Zambia![]()
DRC-ZAMBIA: TOWARDS THE REALIZATION OF THE JOINT PROJECT TO MANUFACTURE ELECTRIC BATTERIES FROM LOCAL RAW MATERIALS
As part of the cooperation agreement on the establishment of a value chain on the manufacture of batteries and clean energies in the very next few days, between the Congolese President Félix Antoine TSHISEKEDI TSHILOMBO and his Zambian counterpart Hakande HICHILEMA, the Minister of Finance, Nicolas KAZADI, took an active part in a meeting in LUSAKA in Zambia at the Presidential Palace, on Wednesday March 09, 2022.
For this mission, the Minister of Finance was accompanied by the Special Advisor to the Head of State in charge of Investments as well as some experts from the Ministry of Industry.
Considering that the DRC and Zambia, bordering states, have more than 70% of the world’s cobalt reserves, it is inevitably good that the two states harmonize their development policies and strategies in certain growth sectors, in this case , mining and industry for WIN-WIN cooperation.
Equally, it will also be a question of creating a harmonized legislative and regulatory framework as well as a system of incentives common to the two States, for a business environment conducive to the development of the value chain and the flourishing economic microcosm.
Happy to assist fellas!
Must be that new "vz" company hahaSo the President of the African Development Bank has announced they have secured US$545/AU$725 million in funding for the AVZ lithium mine in the DRC . This is huge news ! Where is the announcement/trading halt from AVZ ?
Including the US$240/AU$320 million from CATH , that's over $1 billion in funding !
Thanks Frank, really appreciate your own research efforts both on HC and here.So pumped if this is the final piece of the puzzle. Good luck all! Sam
Thanks Sam, Excellent Sleuthing, Keep up the great work and welcome to TSE btw,
View attachment 3276
*To remind,
DP World and the Democratic Republic of Congo lay first stone to mark the start of construction of Banana Port
Banana Port will be a modern, world class port and undoubtedly a game changer for the DRC.
Once complete, it will attract more direct calls from larger vessels travelling from Asia and Europe, greatly enhancing the country’s access to international markets and global supply chains.
We thank President Tshisekedi and his Government for partnering with DP World to develop Banana Port.
The port is being developed at Banana, along the country’s 37km coastline on the Atlantic Ocean in Kongo Central province and following its completion, will provide significant cost and time savings that will boost the country’s trade.
View attachment 3277
www.dpworld.com/news/releases/dp-world-and-drc-lay-first-stone-to-mark-the-start-of-construction-of-banana-port/
View attachment 3281
View attachment 3285
View attachment 3282
View attachment 3284
View attachment 3283
That AU $725,000,000 approx !!!Happy to assist fellas!
Almost fell off my chair when I thought I heard vz, I was like, did I hear avz or vz, what other lithium mines are in the drc asking for 545 million haha
Good times baby!!
That's right. What we don't know is any context in relation to the deal. May well be just referring to the project requirements of 545 million. What portion of that from the bank is unknown, but exciting none the less!!That AU $725,000,000 approx !!!